Stillfront´s target is to reach a net revenue of 4,000 MSEK by the end of 2022.
Growth will be achieved organically as well as through acquisitions.
Stillfront´s target is to reach an Adjusted EBIT margin in the region of 35 percent. The Adjusted EBIT margin is defined as EBIT excluding amortization of PPA-items and items affecting comparability, in relation to net revenue.
The Adjusted EBIT margin may vary quarter to quarter depending on mainly the level of user acquisition and product development.
In 2018, the Adjusted EBIT margin amounted to 30 percent.
The net debt/Adjusted EBITDA ratio should not exceed 1.5x.
Adjusted EBITDA pro forma is defined as adjusted EBITDA including acquisitions and excluding items affecting comparability for the last twelve months. Stillfront may however, under certain circumstances, choose to exceed this level during short time periods.
At the end of 2018 the net debt/EBITDA ratio amounted to 0.9x.
To support value creation, Stillfront aims to invest its profits and cash flows in organic growth initiatives and acquisitions and therefore, does not expect to pay dividends or buy back shares during 2020-2022.
In 2018, The Board of Directors decided not to distribute a dividend in order to maintain a high degree of financial flexibility for future potential acquisitions.
