The board has set the following financial targets and dividend policy:
Sales growth
CTEK’s target is to achieve net sales of SEK 2 billion on an annual basis in the medium term, with the majority of sales expected to be electric vehicle chargers and accessories.
Profitability
CTEK’s target is to achieve an adjusted EBITA margin of 20 percent in the medium term. (Previous target: Achieving an adjusted EBITA margin of more than 25 percent in the medium term. Growth in the Energy & Facilities division may have a negative impact in the short term.)
Capital structure
Net debt must be less than 3.0x adjusted EBITDA on a rolling twelvemonth basis. Strategic decisions such as acquisitions can have a temporary impact on the Company’s indebtedness.
Dividend policy
CTEK invests its resources in growth and business development. In addition, CTEK’s objective is to distribute 30 percent of the year’s profit to shareholders.