Financial objectives

The Rapala Group’s strategic objective is profitable growth.

The objective of the Group’s capital management is to ensure that it maintains healthy capital ratios in order to support its business and to maximize shareholder value. The Group’s objective for capital management is to keep:

• Gearing ratio below 150% and

• Net interest-bearing debt to EBITDA (rolling 12 months) below 3.8.

Objectives are in line with the financial covenants associated with the Group’s loan arrangement.