Financial targets

The Board of Directors of Cityvarasto has set the following financial and operational targets for the five-year review period starting at the end of 2024 and ending at the end of 2029:

• Growth: The average annual growth of the Group’s revenue is over 12% during the review period.
• Profitability: The Group’s EBITDA margin exceeds 50% during the review period.
• Investments: The Group’s annual investments average 10 million euros during the review period. The number of self-storage facilities is approximately 100 at the end of the review period.
• Leverage: The Group’s LTV ratio remains below 35% during the review period.

The key performance indicators related to financial targets at the end of January–March 2026 were as follows:

• The average annual revenue growth was 20.6% as of 31 March 2026, and 19.7% in the first quarter
• The adjusted EBITDA margin for the twelve-month period ended 31 March 2026 was 42.9%
• The Group’s investments amounted to EUR 10.0 million for the 12-month period and EUR 2.5 million in the first quarter.
• At the end of the period, the Group had 77 self-storage facilities
• The Group’s loan-to-value (LTV) ratio as of 31 March 2026 was 20.7%.

Rusko, Oulu