Financial targets
Financial targets were updated on February 5, 2020 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: 10-12%
- Comparable return on capital employed (pre-tax), ROCE: >20%
- Dividend payout at least 50% of net profit
Actions to reach Comparable EBITA target:
- Grow the stable business
- Focus on improving project management and execution
- Positive margin deviation in capital projects
- Continue to identify savings opportunities in procurement through design-to-cost and supplier relationship management
- Increase flexibility in operations through global footprint development
- R&D and new product launches
- Internal efficiencies through digitalization
- ERP project (from 2023 onwards)
Related key figures
| 2020 | 2019 |
2018 |
2017 |
2016 |
2015 |
2014 |
2013 (carve-out) |
|
| Net sales growth, stable business | -3% | 12% | 3% | 1% | 7% | 37% | -4% | - |
| Net sales growth, capital business | 13% | 2% | 14% | 8% | -6% | 6% | -6% | - |
| Comparable EBITA margin | 9.8% | 8.9% | 7.7% | 7.1% | 6.7% | 6.2% | 4.3% | 2.1% |
| Comparable return on capital employed (ROCE) before taxes | 22% | 23% | 20% | 16% | 13% | 14% | 10% | - |
| Dividend per share, EUR | 0.90 | 0.80 | 0.65 | 0.55 | 0.42 | 0.35 | 0.25 | 0.15 |
| Dividend to earnings ratio | 58% | 59% | 64% | 65% | 76% | 68% | 81% | >100% |
Updated; Sep 8, 2021