The Allergy+ strategy includes measurable financial ambitions, which will allow us to track our progress.
Our corporate strategy targets:
- Average revenue growth of minimum 10% in local currencies (5-year CAGR) until 2028.
- An EBIT margin of ~25% in 2025 after which we will aim for annual profitability improvements in line with revenue growth implying a projected EBIT margin of around 25% until 2028.
Reaching these financial targets, will enable our company to invest in strategic growth initiatives to bolster our long-term growth and profitability trajectory. We aspire to self-fund our development, implying that underlying margin improvements above ~25% will be reinvested in commercial activities, R&D, business development or infrastructure. This does not rule out that margins can be higher or lower in the strategy period subject to market conditions and the timing of strategic initiatives.
ALK will maintain an efficient capital structure with a financial gearing of maximum 2 x NIBD/EBITDA. Our organisation will be disciplined about capital allocation to ensure flexibility to deliver on our growth ambitions while also generating attractive shareholder returns.