Financial targets and dividend policy

Financial targets

EUR 50 million
of net sales by 2024. We aim to grow organically and through selected acquisitions.

10%
earnings before interest, taxes, and amortization (EBITA) in the medium term.

Dividend policy

At least 30%
of the result of an fiscal year to be paid as dividends. The company assesses the conditions for distribution of profit every year while ensuring that the distribution does not compromise the growth targets set in the company strategy or the company’s other financial targets.

Outlook for 2022

On 3 February 2022, the Boards of Directors of Bilot Plc and Vincit Plc signed a merger agreement and a merger plan to combine the companies through a merger. The combination requires, among other things, approval by a majority of two-thirds of votes cast and shares represented at the auxiliary general meeting of Vincit and the regular general meeting of Bilot. If all the conditions for implementation are met and the implementation takes place according to the expected schedule in July 2022, Bilot will be merged with Vincit, and Bilot Plc will cease to exist as an independent company. Due to this, the company will not issue guidance for 2022.