Dividend policy & Financial goals
Readly's Board of Directors has adopted the following dividend policy and financial targets.
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.
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 2025 reach a positive EBITDA