Softline expects turnover to rise to at least 110 bln rbl in 2024

MOSCOW, Dec 20 (PRIME) -- Russian IT company Softline expects its turnover to rise to at least 110 billion rubles and the gross profit to at least 30 billion rubles in 2024, the company said on Wednesday in a statement.

“Besides, adjusted EBITDA will increase to at least 6 billion rubles in 2024, according to the management’s outlook,” the company said.

The ratio of adjusted net debt to adjusted EBITDA is still seen at no more than 2 as of the end of 2024.

Softline confirmed it will be able to pay dividends for 2024 following its dividend policy with the supposed amount of at least 1 billion rubles.

“When developing recommendations on the sum of dividend payments, the board of directors will strive to fulfil the following in 2024: at least 25% of the IFRS net profit is to be spent on dividends upon results of 2024,” the company said.

(90.0870 rubles – U.S. $1)

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