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 and reconfirmed on July 31, 2014, have been reconfirmed by Valmet's Board of Directors, and thus remain unchanged.
Strategy
Valmet's mission is to convert renewable resources into sustainable results. The company continues to focus on developing and supplying competitive technology and services to the pulp, paper and energy industries. Valmet is committed to moving its customers' performance forward.
Valmet seeks 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 vision is to become the global champion in serving its customers.
Financial targets unchanged
Valmet's financial targets remain unchanged and they 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:
"Valmet has proceeded systematically in the implementation of its strategy. The EBITA margin target of 6-9 percent is still valid, and we continue the work to reach that level. The acquisition of Automation business was an important step and now we can offer unique benefits for our customers. Valmet is committed to moving our customers' performance forward," says Pasi Laine, President and CEO of Valmet.
Further information, please contact:
Pasi Laine, President and CEO, Valmet, tel. +358 10 672 0001
Markku Honkasalo, Chief Financial Officer, Valmet, tel. +358 10 672 0008
VALMET CORPORATION
Markku Honkasalo
CFO
Hanna-Maria Heikkinen
VP, Investor Relations
Valmet is the leading global developer and supplier of technologies, automation and services for the pulp, paper and energy industries. Valmet's vision is to become the global champion in serving its customers.
Valmet's services cover everything from maintenance outsourcing to mill and plant improvements and spare parts. The strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bio-energy production. Valmet's advanced automation solutions range from single measurements to mill wide turnkey automation projects.
Valmet's net sales in 2014 were approximately EUR 2.5 billion. Our 12,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day. Valmet's head office is in Espoo, Finland and its shares are listed on the NASDAQ OMX Helsinki Ltd.
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