Group

  Target 31 Dec 2023
Net debt / adj. EBITDA below 3.0 2.8
Equity ratio 35-45% 42.5%
Dividend policy Increasing dividend 40-60% of free cash flow 58%

SBUs

Learning Target FY 2023
Comparable net sales growth 2-5% 6%
Operational EBIT margin excl. PPA above 23% 18.7%
Media Finland Target FY 2023
Comparable net sales growth +/-2% -3%
Operational EBIT margin excl. PPA 12-14% 6.7%