Financial outlook and ambitions
Last updated 25 October 2023.
Outlook for Nordics 2023
Organic service revenues: Above 3% (previously: Low-to-mid single-digit growth)
EBITDA*: 3%-4% (previously: Low-to-mid single-digit growth)
Capex*/sales: Around 17%
Mid-term ambitions for 2023-2025:
Group
YOY growth DPS
FCF before M&A to cover dividend in 2025
Net leverage of 1.8x-2.3x
Nordic
Low-to-mid single-digit growth in Nordic service revenues
Mid single-digit growth in Nordic EBITDA
Capex*/sales: ~NOK 2 bn lower in 2025 vs 2022
*) EBITDA before other items and capex excl licence fees