Income statement

Revenue 930,4

Operating expenses -888,5

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Operating profit 41,9

Interest income 0,2

Interest expenses -15,4

Profit before tax 26,7

Tax 22 % 5,9

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Net result 20,8

Balance sheet

Assets 565

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Equity 142

Liabilities 282

Non-interest-bearing liabilities 232

Let us assume that the IPO took place on 1 / 1-2021. In connection with it, a new share issue was carried out which provided the company with SEK 183 million. Let us assume that SEK 150 million of these was used directly to repay interest-bearing liabilities. The prospectus prior to the listing states that growth in sales is estimated at approximately 10% at an annual rate. What profit margin must the company manage in 2021 if they do not want to impair their new financial balance that they achieved after the IPO, given a growth rate of 10%? Assume that the rate of capital turnover on capital employed does not change and that the interest rate level on the loans remains unchanged. The dividend level is still 25% of the result. Show your logic in calculations and justify any assumptions.