Inission: Announces financial targets - ABG

Targets SEK 2bn in revenue and adj. EBITA margin > 6% in 2023
Targets 10% org. growth and adj. EBITA margin > 9% in medium-long term
Share trading at '23e adj. EV/EBITA 9.4x and P/E 8.4x on targets


Short- and medium-long-term financial targets

Today Inission announced financial targets ahead of its CMD scheduled for 10 am. It released both short-term targets for 2023 and medium-long-term targets. The 2023 targets are revenues of SEK 2bn and an adjusted EBITA margin above 6%, as well as an equity ratio above 30% and dividends of up to 30% of net profit. The medium-long-term targets are 15% annual growth, of which 10% organic and 5% from M&A, and an adjusted EBITA margin > 9%, as well as maintaining the short-term equity ratio and dividend targets. Additionally, the company's ND/EBITDA should not exceed 2.5x over time. The targets will be explained in more detail at the CMD today.

Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/inission/Equity-research/2023/1/inission---announces-financial-targets/