Financial targets
In March 2024, HAKI Safety communicated financial targets for the Group. The targets are considered both realistic and compatible with responsible risk-taking.
Net sales of SEK 2,000 million by 2027
Target: Net sales are to amount to SEK 2,000 M by 2027. The net sales increase will be based on a combination of organic growth, organic growth projects and acquired growth.
Outcome 2025: SEK 1,179 million
Comments: Net sales for the year amounted to SEK 1,179 million (1,050), an increase of 12 percent year-on-year. A continued soft market affected performance during the year and organic sales decreased 2 percent. Acquisitions and divestments had a positive net impact on net sales of 17 percent. Exchange rate effects had a negative net impact on net sales of 3 percent.
Adjusted EBITA margin >10%
Target: The adjusted EBITA margin is to amount to more than 10 percent. Adjusted EBITA margin is deemed to give a fair picture of the profitability of the underlying business as it excludes amortisation and write-downs of acquisition-related intangible assets and non-recurring items.
Outcome 2025: 6.1 percent
Comments: Adjusted EBITA was SEK 72 million (77), corresponding to an adjusted EBITA margin of 6.1 percent (7.3), negatively affected by the market situation for the Scaffolding Systems business area during the first half of the year and the Work Zone Safety business area in the second half, but positively affected by acquisitions made in recent years.
Financial net debt in relation to adjusted EBITDA <2.5
Target: Net financial debt divided by adjusted EBITDA is to be less than 2.5. The key figure shows the relation of net debt to adjusted EBITDA. The financial net debt refers to interest-bearing liabilities with deductions for cash and adjusted EBITDA as operating profit excluding depreciation, amortisation and write-downs and non-recurring items. The measures are measured excluding the effects of IFRS 16.
Outcome 2025: 2.6
Comments: Group financial net debt was SEK 346 million compared to SEK 380 million at the beginning of the year. The debt/equity ratio was 2.6 (2.8) and is affected by the acquisitions made in recent years.
Dividend policy
Target: The dividend is to amount to 25-50 percent of the year's net profit. Proposals for dividends will consider the shareholders' expectation of a reasonable dividend yield and the business's need for financing.
Outcome 2025: 42 percent
Comments: The Board of Directors proposed to the 2026 Annual General Meeting a dividend of SEK 0.50 per share (0.50). The dividend corresponds to 42 percent of net profit for the year.
