Financial targets 2026-2028
In support of its renewed investment‑company strategy for 2026–2028, Ratos introduces updated financial targets applicable for our core majority companies with clear focus on improved performance. Growth, EBITA-margin and ROCE-targets are excluding non-core companies as well as impact from minority holdings (Aibel and Sentia). Leverage and dividend targets remain unchanged and apply to the Ratos Group.
Financial targets
| Targets 2026-28 | Longer-term | |||
| Majority core companies1 | Ratos Group | |||
| Baseline 2025 | Target | Baseline 2025 | Target | |
|
Revenue growth, CAGR% |
13.3 BSEK | >5% | ||
| Adjusted EBITA margin2 (excl. associated companies) |
8.7% | >10% | ||
| Adjusted ROCE %2 (excl. associated companies) |
8.3% | >10% | ||
| Leverage3 (Net debt /EBITDA excl. fin. leases) |
1.4x |
1.5-2.5x | ||
| Dividend4 (Payout ratio of adjusted EPS) |
52% (2022-25) |
30-50% | ||
¹ HL Display, Presis Infra, Diab, Knightec Group, Aleido, TFS, LEDiL, Speed
² EBITA adjusted for items affecting comparability and excluding associated companies Aibel and Sentia
³ Normalized range, temporary deviations can occur in conjunction with larger transactions
4 Earnings per share (EPS) excluding items affecting comparability attributable to owners of the parent
