Permascand / Investors / Financial targets & dividend policy Financial targets & dividend policy Growth Permascand’s goal over the medium term is to achieve average organic growth of at least 25 percent per year. Profitability Permascand’s goal over the medium term is to deliver an operating margin of more than 25 percent. Capital structure Permascand’s net debt in relation to EBITDA shall not exceed 2.0x. This level may be temporarily exceeded in connection with acquisitions. Dividend policy Permascand’s board of directors intends to use generated cash flow for continued growth and do not expect to propose a dividend in the short term. The board of directors will, however, each year evaluate the possibility of a dividend, taking into account the Company’s business conditions, growth opportunities and financial position. Permascand is a technology-driven manufacturer of world-leading electrochemical solutions – based on proprietary catalytic coatings – for clean tech applications. With a customer-centric focus, the company has supplied electrodes and aftermarket services for a variety of industries for nearly 50 years. info@permascand.com +46 691 355 00