_Investors

Financial targets

The Board of Directors of Avidly Plc has accepted the following financial targets for the strategy period until 2025:

Previous financial targets for the period 2019–2024 (issued on 30 January 2019) New financial targets for the period 2021–2025 (issued on 11 December 2020)

Growth

  • Annual organic revenue growth exceeding 25% and overall revenue growth exceeding 40%. 
  • Revenue exceeding EUR 100 million by 2024

Growth

  • Organic growth target +10% annually, higher international speed of growth
  • Revenue exceeding EUR 50 million by 2025.

Profitability

  • Annual EBIT margin of 2–7% despite the rapid growth.

Profitability

  • Deliver positive adjusted EBIT (EBITA*) in 2021
  • Reach adjusted EBIT (EBITA*) of min. 10% in FY 2025

Dividend policy

  • Avidly may distribute at the most 50% of its annual net result as dividends during the strategy period of 2019–2024 given that distribution of the dividends does not affect Avidly’s capability on reaching its growth targets for the period of 2019–2024.

Dividend policy

  • The Company’s aim is to use Net Profit for growth investments and not to distribute dividends until further notice

 

* EBITA = EBIT added with depreciations and impairments on acquisitions.