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Published 2023-09-12 16:07
The board of directors for Checkin.com Group (STO:CHECK) has today decided to update the financial target of the business with a new target that replaces the previous. The target is updated to more clearly reflect the shareholder value that the company creates and, in addition to growth targets, also includes profitability targets and takes share dilution into account.
The updated financial target is:
The previous financial target, that has now been replaced, was to reach a net revenue of MSEK 500 for the full year of 2025 - this without any targets regarding profitability, consideration for share dilution, or potential acquisitions.
The new measurement is calculated by adding the two percentage based measurements revenue growth per share and EBITDA margin together. These are defined as follows:
Revenue growth per share:
Net revenue divided by the average number of outstanding shares during the period, compared to the same period the previous year.
Earnings before interest, taxes, depreciation and amortization as a percentage of net revenues.
For further information, please contact:
Jonas Köpniwsky, Head of Communications Checkin.com Group, [email protected]
This information is information that Checkin.com Group is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact person set out above, at 2023-09-12 18:07 CEST.
Checkin.com Group’s Certified Adviser is Erik Penser Bank.
About Checkin.com Group:
Checkin.com Group creates shareholder value through capital efficient growth achieved by strong organic growth and strategic acquisitions. The Group’s advanced technologies and innovations offers a unique end to end solution that reshapes how end users checkin with products and brands online. The comprehensive framework gathers multiple hyper specialized technologies that covers every aspect of an end user’s checkin experience.
The company has its headquarters in Stockholm, Sweden, but operates and recruits globally to attract world-leading talent across the globe.
Checkin.com Group’s share is since 2021 listed on Nasdaq First North Growth Market under the trading symbol "CHECK”.
For more information about the company visit: https://group.checkin.com/investors/