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
- No negative margin deviation in capital projects
- Continued actions to save in procurement
- Increase flexibility in operations through global footprint development
- R&D and new product launches
- Internal efficiencies through digitalization
- ERP project (from 2022 onwards)
Related key figures
| 2019 |
2018 |
2017 |
2016 |
2015 |
2014 |
2013 (carve-out) |
|
| Growth in net sales | 7% | 9% | 5% | 0% | 18% | -5% | -13% |
| Growth in orders received | 7% | 14% | 4% | 9% | -6% | 41% | -11% |
| EBITA margin before non-recurring items | 8.9% | 7.7% | 7.1% | 6.7% | 6.2% | 4.3% | 2.1% |
| Dividend per share, EUR | 0.80 (Board proposal) | 0.65 | 0.55 | 0.42 | 0.35 | 0.25 | 0.15 |
| Dividend to earnings ratio | 59% (Board proposal) | 64% | 65% | 76% | 68% | 81% | >100% |
Updated; Feb 5, 2020