Eltel’s financial targets by end of 2023
|Group EBITA margin||5%|
|Annual growth in the Nordics from 2022 onwards||2–4%|
|Leverage¹||1.5–2.5x net debt/EBITDA|
|Dividend payout||Subject to leverage target|
¹Net debt/EBITDA is calculated as defined in the financing agreement. Net debt is defined as interest-bearing debt consisting of short-term and long-term debt less cash and cash equivalents. Both net debt and EBITDA exclude IFRS16 impact.