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Financial targets dividend policy

Cheffelo's board has adopted the following financial goals

Growth

The Group’s target is to stabilize net sales in 2023 and achieve an average annual net sales growth of approximately 6-8%

Profitability

The Group’s target is to achieve a long-term EBIT margin of around 4-6%.

Dividend policy

Cheffelo’s dividend policy aims to provide shareholders with a dividend that delivers a good dividend yield while allowing the company to invest in strategic growth opportunities. The dividend should amount to at least 50% of the cash flow from current operations minus acquisition of fixed assets and amortization of leasing debt.