Yubico's board has today decided on updated financial targets. The target of annual growth in bookings (order intake) of 25% on average is changed to a target of annual growth in net sales of 25% on average. The profitability target of 20% EBIT margin remains unchanged.
Yubico's financial targets in the long-term (within 5 years) and dividend policy are thus:
Growth
Target of annual growth in net sales of 25% on average.
Profitability
Target of 20% EBIT margin.
Dividend policy
For the foreseeable future, Yubico will primarily use generated cash flow for investing in continued growth.