Karnov

The updated financial targets are:

• An annual organic net sales growth of 4-6 percent in the medium term;
• An annual adjusted EBITA margin in excess of 25 percent in the medium term and an adjusted EBITA margin in excess of 30 percent in the long term; and
• A net debt, excluding leasing liabilities, relative to the LTM adjusted EBITDA of not more than 3.0x.

The Board of Directors has today also resolved on an updated dividend policy, with the ambition to distribute available cash flow after consideration has been given to the Company’s indebtedness and future growth opportunities, including acquisitions. The target is to distribute 30-50 percent of the Company’s annual net profit.

For more information, please contact:
Erik Berggren, Head of Investor Relations
Telephone: +46 707 597 668
Email: erik.berggren@karnovgroup.com

This press release contains inside information that Karnov Group AB (publ) is required to make public pursuant to the EU Market Abuse Regulation (MAR). The information was submitted for publication by the contact person above on 5 October 2023 at 07:45 CEST.

Karnov Group clears the path to justice, providing mission critical knowledge and workflow solutions to European professionals in the areas of legal, tax and accounting, and environmental, health and safety. With content provided by over 7,000 well-renowned authors and experts, Karnov Group delivers knowledge and insights, enabling more than 500,000 users to make better decisions, faster – every day. With offices in Sweden, Denmark, Norway, France, Spain and Portugal, Karnov Group employs around 1,300 people. The Karnov share is listed on Nasdaq Stockholm, Mid Cap segment under the ticker “KAR”. For more information, please visit www.karnovgroup.com.