Financial targets

Growth
Average growth in sales shall amount to no less than 10 percent per year over a business cycle. The growth shall be achieved both organically and through acquisitions.

Profitability
Instalco’s target is to achieve an EBITA margin of 8.0%.

Capital structure
Instalco’s net debt in relation to EBITDA shall not exceed a ratio of 2.5.

Cash conversion
Instalco’s target is to achieve a cash conversion ratio of 100%, measured over a rolling twelve-month period over a business cycle.

Dividend policy
Instalco’s target is to distribute 30% of earnings after tax.