Financial targets

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

Current financial targets Previous financial targets

Issued on 11 December 2020

Financial targets for the period
2021–2025

Growth

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

Profitability

Deliver positive EBITA* in 2021.
Reach EBITA*-margin of minimum 10% in FY 2025.

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.

Issued on 30 January 2019

Previous financial targets for the period
2019–2024

Growth

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

Profitability

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

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.

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