Outlook and Financial Targets

VMP’s financial targets

VMP’s Board of Directors has set the following long-term financial targets.

  • Growth: growth in net sales outpacing market growth.
  • Profitability: adjusted EBITDA percentage of 10 percent.
  • Leverage: the ratio of net debt to adjusted EBITDA is 1.5 times.
  • Payment of dividends: the aim is to distribute as dividends 30 to 50 percent of annual net result, adjusted for depreciation of goodwill, as dividend to VMP’s shareholders*.

*The Company’s Board of Directors reviews the balance between the amount of dividend and the Company’s financial position, cash flow and growth investments, and based on this review, prepares a proposal on the amount of dividend to be distributed.

 

VMP’s future prospects 2019:

VMP expects adjusted EBITDA to grow significantly during the financial period ending December 31, 2019 compared to the financial period ended December 31, 2018.

The Company’s adjusted EBITDA was EUR 10,2 million for the financial period ended on December 31, 2018.