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Revenue growth

Annual organic revenue growth of 5% over the medium term

Bolt-on acquisitions may generate additional annual growth of 2-3 %


 

Capital structure

Interest-bearing net debt not exceeding 4.5 times EBITDA, i.e. operating profit before depreciation, amortisation and impairment

Debt may temporarily exceed the target level, for example in connection with acquisitions


 

Profitability

An operating margin of 7% over the medium term