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Financial targets and dividend policy

We focus on the continuous improvement of cost-effectiveness and on customer accounts which benefit from the high performance of our products and services. We aim to distribute a competitive dividend to our shareholders and maintain our strong financial position.

Our long-term financial targets are

  • a minimum of 12% comparable return on capital employed, and
  • a maximum of 2.5x in net debt/comparable EBITDA (12 months). 

Comparable ROCE

Net debt per comparable EBITDA

In addition, we aim to distribute at least 50% of the result for the financial period in dividends every year. 

See dividend distribution in past 10 years in here.

Dividend payout ratio