Financial targets
Financial targets were updated on June 23, 2022 and they are the following:
- Net sales for Services and Automation segments to grow over two times the market growth
- Net sales for Process Technology segment to exceed market growth
- Comparable EBITA: 12-14%
- Comparable return on capital employed (ROCE) before taxes at least 15 percent
- Dividend payout at least 50% of net profit
To reach the comparable EBITA-margin target, Valmet continues to focus on implementing its four Must-Win initiatives:
- Customer excellence
- Leader in technology and innovation
- Excellence in processes
- Winning team
Valmet targets to increase the comparable EBITA margin in all three segments (Services, Automation and Process Technologies).
Related key figures
2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013* | |
Net sales growth, Services and Automation segments | 18% | 49% | 3% | -3% | 12% | 3% | 1% | 7% | 37% | -4% | - |
Net sales growth, Process Technologies segment | 0% | 12% | 7% | 13% | 2% | 14% | 8% | -6% | 6% | -6% | - |
Comparable EBITA margin | 11.2% | 10.5% | 10.9% | 9.8% | 8.9% | 7.7% | 7.1% | 6.7% | 6.2% | 4.3% | 2.1% |
Comparable return on capital employed (ROCE) before taxes | 15% | 17% | 24% | 22% | 23% | 20% | 16% | 13% | 14% | 10% | - |
Dividend per share, EUR | 1.35 | 1.30 | 1.20 | 0.90 | 0.80 | 0.65 | 0.55 | 0.42 | 0.35 | 0.25 | 0.15 |
Dividend to earnings ratio | 70% | 68% | 61% | 58% | 59% | 64% | 65% | 76% | 68% | 81% | >100% |
*For 2013 carve-out figures