Valmet's strategy and financial targets unchanged and reconfirmed by the Board of Directors
Valmet's strategy and financial targets, which were announced on September 3, 2013, have been reconfirmed by Valmet's Board of Directors, and thus remain unchanged.
Valmet will focus on delivering technology and services globally to industries that use bio-based raw materials. Valmet's vision is to become the global champion in serving its customers, and its mission is to convert renewable resources into sustainable results.
Valmet's main customer industries are pulp, paper, and energy. All of these are major global industries that offer growth potential for the future. Valmet will complement its core business by applying its technology and know-how to industries beyond biomass, particularly in the energy sector.
Valmet's product and service portfolio consists of productivity-enhancing services, plant upgrades and rebuilds, new cost-efficient equipment and solutions for optimizing energy and raw material usage, and technologies increasing the value of its customers' end-products.
Valmet continues to seek to achieve its strategic targets by pursuing the following Must-Win initiatives: customer excellence, leader in technology and innovation, excellence in processes, and winning team.
Valmet's financial targets are the following:
- Net sales growth to exceed market growth
- EBITA before non-recurring items: 6-9%
- Return on capital employed (pre-tax), ROCE: minimum of 15%
- Dividend payout at least 40% of net profit
Comment from Pasi Laine, President and CEO of Valmet Corporation:
"We continue with the strategy and financial targets we set up in September, 2013. Valmet's strategy is clear and well-defined, and our Must-Wins focus on the right areas. The focus of the management continues to be on reaching the financial targets and on the further development of our position as a leading, global services and technology provider for pulp, paper and energy industries," says Pasi Laine, President and CEO of Valmet Corporation.
Further information, please contact:
Pasi Laine, President and CEO, Valmet Corporation, tel. +358 10 672 0001
Markku Honkasalo, Chief Financial Officer, Valmet Corporation, tel. +358 10 672 0008
For investors and analysts: Hanna-Maria Heikkinen, VP, Investor Relations, Valmet Corporation, tel. +358 10 672 0007
VP, Investor Relations
Valmet Corporation is a leading global developer and supplier of services and technologies for the pulp, paper and energy industries. Our 11,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day.
Valmet's services cover everything from maintenance outsourcing to mill and plant improvements and spare parts. Our strong technology offering includes entire pulp mills, tissue, board and paper production lines, as well as power plants for bio-energy production.
The company has over 200 years of industrial history and was reborn through the demerger of the pulp, paper and power businesses from Metso Group in December 2013. Valmet's net sales in 2013 were approximately EUR 2.6 billion. Valmet's objective is to become the global champion in serving its customers.
Valmet's head office is in Espoo, Finland and its shares are listed on the NASDAQ OMX Helsinki Ltd.