Announce financial targets for 2020
Clear focus on creating value
In 2020 NLAB shall deliver at least MEUR 20 EBITDA and an Earnings Per Share (EPS) growth during the period of at least 40% annually through a combination of organic growth and acquisitions.
"It's satisfying that we have adopted new financial targets which creates a clear and transparent target for the Group. We believe that the best measurement for the shareholders value is EPS and that's why we put a lot of emphasis on that target. It will require hard work from every employee but together we can now strive towards distinct and realistic targets." Says Robert Andersson, CEO.
- Value creating: EPS growth of at least 40% annually
- Profitability: EBITDA of at least MEUR 20 in 2020 with 20-30% EBITDA-margin
- Growth: Organic growth of at least 25% annually in combination with smart acquisitions
- Degree of financial leverage: Net debt/EBITDA shall not exceed a ratio of 1.5
NLAB will publish its interim report for the third quarter on October 31st. A live video presentation will be held the same day at 10.00 CET in which one will have the possibility to ask questions about the financial report as well as the financial targets.
Clarifications and more information about the financial targets are available at nordicleisure.se under the heading "Financial targets". For more information, please contact:
NORDIC LEISURE AB
Robert Andersson, CEO [email protected] / +371 2 7327810
About Nordic Leisure
Nordic Leisure AB is the parent company in a group which operates within two business areas: Online gaming and Media. The group has offices in Tallinn, Riga, Vilnius, Malta, Marbella and Stockholm. The operational companies hold national licenses and permits for their operations and the group has around 190 employees. Nordic Leisure is listed on NASDAQ First North in Stockholm. The company's Certified Adviser is Redeye, +46 8 545 01330.
For more information, visit nordicleisure.se
Nordic Leisure AB is obliged to publish the above information in accordance with the EU's Market Abuse Regulation. The information was provided by the above contact person for publication at 08:10 CET on October 26, 2018.