Financial targets
Financial targets from 2017 were updated on June 21, 2016 and they are the following:
- Net sales for stable business to grow over two times the market growth
- Net sales for capital business to exceed market growth
- Comparable EBITA: 8-10%
- Comparable return on capital employed (pre-tax), ROCE: 15-20%
- Dividend payout at least 50% of net profit
The long-term target for comparable EBITA margin was set to 8-10 percent. Valmet aims to reach the target through improvements in the following key areas:
- sales process management
- project management and execution
- procurement and quality costs
- technology, R&D and ERP (Enterprise resource planning)
Each of these actions is estimated to contribute an increase of around 1 percentage point.
Summary of key actions by business
Summary of key actions by area
Related key figures
| 2017 | 2016 | 2015 | 2014 | 2013 (carve-out) | |
| Growth in net sales | 5% | 0% | 18% | -5% | -13% |
| Growth in orders received | 4% | 9% | -6% | 41% | -11% |
| EBITA margin before non-recurring items | 7.1% | 6.7% | 6.2% | 4.3% | 2.1% |
| Dividend per share, EUR | 0.55 | 0.42 | 0.35 | 0.25 | 0.15 |
| Dividend to earnings ratio | 65% | 76% | 68% | 81% | >100% |
Updated; Dec 14, 2018