In connection with Inission’s live broadcast of the year-end report for 2023, the company’s board presents updated financial goals for 2024. Previous year’s goals in parentheses. Medium-term financial goals are unchanged.
Financial targets 2024:
- Turnover: around SEK 2,400 million (2,000)
- Adjusted EBITA margin: >7% (>6%)
- Equity ratio: >30%, unchanged
- Dividend: up to 30% of the year’s profit, unchanged
Medium-term financial goals:
- Revenue growth: >15% annual growth, of which 10% organic growth and 5% through acquisitions
- Adjusted EBITA margin: >9%
- Solvency ratio: >30%
- Dividend: up to 30% of the year’s profit
In addition to the above targets, the net financial debt in relation to adjusted EBITDA on a rolling 12-month basis must not exceed 2.5 times over time.
Inission will explain the financial targets in more detail during the live presentation of the 2023 year-end release on February 28, 2024 at 09:00-10:00 CET. You will find the link to the presentation under investor relations on inission.com. NOTE registration is required. The presentation is in English.
For more information:
Fredrik Berghel, CEO Inission AB
+46 73 202 22 10
fredrik.berghel@inission.com
This information is information that Inission AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted, through the care of the above contact person, for publication at 07:10 CET on February 28, 2024.
About Inission
Inission is a total supplier of customized manufacturing services and products in advanced industrial electronics and mechanics. Our services cover the entire product life cycle, from development and design to industrialization, volume production and aftermarket services. Inission has operations in Sweden, Norway, Finland, Estonia, Italy, the USA, and Tunisia. Inission has a strong value-driven corporate culture of entrepreneurship and passion, which has 2023 resulted in a turnover of approx. SEK 2,2 billion with approx. 1 070 employees. Inission is listed on Nasdaq First North Growth Market. Inission’s offer is divided into two business areas; Contract manufacturing of electronic and mechanical products under the brand Inission and Power electronics and systems under the brand Enedo. Reports are archived at www.inission.com/en.
Inission AB, Lantvärnsgatan 4, 652 21 Karlstad
company registration number 556747–1890