In preparation for the listing on Nasdaq Stockholm in April 2015, Tobii's Board of Directors adopted the financial targets for each business unit as described below.
Tobii Dynavox's long term goal is to deliver revenue growth in excess of 10% per year, with an EBIT margin of 20%.
Tobii Pro's long term goal is to deliver revenue growth in excess of 15% per year, with an an EBIT margin in excess of 15%. In the mid-term (next 2-3 years), Tobii Pro's target is to deliver revenue growth of 10% with an EBIT margin of 10%.
Tobii Tech's long-term financial goal is to become cash flow positive by 2018.
The updated financial goals adopted by the Board of Directors in connection with the Rights Issue are linked to the Company’s updated business plan for large-scale initiatives on eye tracking in virtual reality and smartphones. The financial goals for Tobii Dynavox and Tobii Pro remain unchanged while the goal for Tobii Tech has been updated.
Since the market for integration of eye tracking in volume products is at an early stage, the Company has chosen not to present a specific financial goal for Tobii Tech, but instead expresses a strategic long-term goal for the business unit's market position. This objective is complemented by the Company's assessment of market developments that are included in the prospectus prepared in connection with the Rights Issue.
The Board considers that the Company, with the proposed Rights Issue, is fully funded to implement the updated business plan.
Financial targets represent forward-looking information. Forward-looking information means that no guarantee can be given regarding future earnings or development and the actual results may differ from those expressed in forward-looking information.
In April 2015, Tobii carried out a succesful stock exchange listing on Nasdaq Stockholm. In conjunction with the listing, a new share issue was carried out that was heavily oversubscribed and provided the company with the Company with SEK 438 million in proceeds, after deducting costs for the new share issue.