Regulatory Release no. 13/2023

Better Collective announces new long-term targets. Further it hosts its Capital Markets Day (CMD) today, in Copenhagen. At the CMD, the group will provide more information on the targets and do a deep dive into its new strategic vision of becoming the Leading Digital Sports Media Group.

The long-term financial targets for the period 2023-2027 are:

• Revenue CAGR of +20%
• EBITDA-margin before special items of 30-40%
• Net debt to EBITDA below 3
• The targets assume M&A solely financed by own cash flow and debt

Jesper Søgaard, Co-Founder & CEO of Better Collective: “We have always been dreaming big at Better Collective, and today is no different. Last year, we announced a new ambitious vision of Becoming the Leading Digital Sports Media Group. We are uniquely positioned to consolidate the digital sports media space. There are a lot of synergies to harvest in combining strong authoritative sports media with large viewerships and Better Collective’s core strengths of optimization, conversion, and diverse business models.” 

Better Collective will host its first Capital Markets Day today, March 23, in a virtual and physical event in Copenhagen. During the day, Better Collective will lay out its strategy of becoming the Leading Digital Sports Media Group, as nine executives from the group will provide a deep dive into its business operations.

• You can find the presentation for the Capital Markets Day attached.
• You can sign up for virtual attendance for the Capital Markets Day here.