Financial targets

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

• Growth: average 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).

• Profitability: adjusted EBITA margin (adjusted for items affecting comparability) to exceed 18 percent over time.

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

• Payout ratio: the company aims to distribute a stable and over time increasing dividend with a payout of at least 50 percent of net profit, in total, on a biannual basis.