Financial targets

Financial targets

The new medium-term financial targets for the period 2023–2025 confirm the continued ambition to maintain strong organic revenue growth alongside sustainable profitability.

  Base year 2022 Target 2025
Organic revenue EUR 1.5 billion >EUR 2.2 billion
Adjusted organic EBITDA EUR 234 million >EUR 350 million
Loans payable net of cash & liquid short-term investments/adjusted EBITDAaL 3.2x ≤3.5x
Dividend payout ratio   Up to 50 per cent of net profit

 

Medicover reached the medium-term financial targets for the period 2020-2022:

  2019 base year 2020 2021 outcome for the period Target
Organic revenue growth EUR 844.4m 11.3 per cent 38.1 per cent 14.6 per cent CAGR 9-12 per cent
Adjusted EBITDA-margin,
target year-end 2022
14.8 per cent 16.4 per cent 20.4 per cent 15.5 per cent 15.5-16.5 per cent
Loans payable net of cash & liquid short-term investments/adjusted EBITDAaL1 2.8x 0.7x 0.6x 3.2x 3.5x
Dividend payout ratio   40 per cent of net profit 17 per cent of net profit For 2022 a dividend corresponding to 148 per cent of net profit is proposed. Up to 50 per cent of net profit

1 This may temporarily be exceeded in relation to acquisitions.