Financial overview

growth

The group shall have organic growth, i.e. sales growth excluding acquisitions and adjusted for exchange rate fluctuations of at least 5 percent per year on average over a complete business cycle.

Profitability

The adjusted EBITDA margin of the Group shall be at least 11 percent on average over a complete business cycle.

Target & outcome 2017-2023

In 2023, organic growt amounted to 12.1 percent.

Target & outcome 2017-2023

In 2023, the adjusted EBITDA margin was 11.7 percent compared with 13.2 percent in 2022. Excluding non-recurring items, the adjusted EBITDA margin was 11.4 percent.

Capital strucutre

The Group shall have net debt in relation to adjusted EBITDA of 2 to 3x.

Dividends

The dividend policy is to distribute at least
50 percent of net profit for the year.

Target & outcome 2017-2023

At year-end 2023, net debt was 1,503 million SEK¹⁾ while adjusted EBITDA amounted to 2,566 million SEK, resulting in net debt in relation to adjusted EBITDA of 0.6x

^{* neg., ** nmf.}

^{1) Including the convertible loan of 1,109 million SEK. Excluding the convertible loan, net debt in relation to adjusted EBITDA was 0.2x.}

Target & outcome 2017-2023

Scandic’s Board of Directors has proposed that no dividend be paid for 2023.