Financial targets

Cityvarasto's Board of Directors has adopted the following financial and operational targets for the five-year assessment period which commenced at the end of 2024 and ends at the end of 2029:

• Growth: Group net sales growth shall average above 12 per cent annually over the assessment period.

• Profitability: Group EBITDA margin shall exceed 50 per cent during the assessment period.

• Investment: Group investments shall average approximately EUR 10 million annually during the assessment period. Number of total self-storage facilities shall be approximately 100 by the end of the assessment period.

• Leverage: Group loan-to-value ratio shall remain below 35 per cent during the assessment period.

Financial targets contain forward-looking statements that are not guarantees of company's future financial performance. All financial targets presented in this site are only targets and thus they should not be treated as forecasts, estimates or calculations of the Company's financial position or performance.

Rusko, Oulu

Profit guidance for the financial year 2025

Cityvarasto assesses the group’s net sales and adjusted EBITDA to grow in the full financial year 2025 in comparison with the previous financial year, and the company’s management’s assessment is in line with the Company’s long-term financial targets.

Based on the Company’s performance during the first half of the financial year, the current market environment, business outlook, and the company’s assessment, net sales for the full financial year 2025 are estimated to grow by 15-20 per cent and adjusted EBITDA to grow by 15-20 per cent compared to full financial year 2024.

The guidance is based on the assumption that there will be no significant changes in the operating environment during the remainder of the year.

Cityvarasto's reported net sales for the first half of the financial year 2025 were EUR 12,611 (10,681) thousand, an increase of 18.1 per cent compared to the corresponding period of the previous financial year, and reported adjusted EBITDA was EUR 5,537 (4,676) thousand, an increase of 18.4 per cent compared to the corresponding period of the previous financial year.

Profit guidance contains forward-looking statements concerning the company's view on possible development in its different markets. They are not guarantees of company's revenue or result or future financial performance. The result of the Company's operations could differ materially from market development, and the Company's guidance or other forward-looking statements should not be considered as a promise of future performance or result, which may differ materially from those set forth above.