Readly

Dividend policy & Financial goals

 

Readly's Board of Directors has adopted the following dividend policy and financial targets.

Dividend policy

Readly's Board of Directors does not intend to propose the distribution of a dividend in the short or mid-term and intends to use the cash flow generated for continued investments in growth. The Board of Directors shall each year evaluate the possibility of distributing a dividend after taking into account the development of the business as well as its operating profit and financial position. 


Financial Goals

The Board of Directors has adopted the following financial goals:

  • In the mid-term uphold an annual organic revenue growth of 30-35%
  • In the long-term reach a gross margin of 35%
  • In 4-5 years reach a positive EBITDA

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