Financial targets

Orthex’s long‑term financial targets are the following:

MetricsTarget
Sales growthAverage annual organic net sales growth to exceed 5 percent at the group level and
to exceed 10 percent outside the Nordics (growth in local currencies).
ProfitabilityAdjusted EBITA margin (adjusted for items affecting comparability) to exceed 18
percent over time.
LeverageNet debt to adjusted EBITDA ratio below 2.5x. Leverage may temporarily exceed the
target range (for example, in conjunction with acquisitions).
Payout ratioThe company aims to distribute a stable and over time increasing dividend with a
pay-out of at least 50 percent of net profit, in total, on a biannual basis.

    Latest reported

    5.3%

    Net sales growth total

    Target: Average annual organic net sales growth to exceed 5 percent at the group level

    11.4%

    Invoiced sales growth outside Nordics

    Target: Average annual organic net sales growth to exceed 10 percent outside the Nordics (growth in local currencies)

    10.9%

    Adjusted EBITA margin

    Target: Adjusted EBITA margin (adjusted for items affecting comparability) to exceed 18 percent over time

    1.3x

    Leverage

    Target: Net debt to adjusted EBITDA ratio below 2.5x. Leverage may temporarily exceed the target range (for example, in conjunction with acquisitions)

    54.1% (EUR 0.21/share)

    Pay-out ratio

    Target: The company aims to distribute a stable and over time increasing dividend with a pay-out of at least 50 percent of net profit, in total, on a biannual basis