Financial targets

>15 %

Adjusted EBITA growth of at least 15 per cent per year.

>50 %

Ratio between adjusted EBITA/net working capital (EBITA/NWC) above 50 per cent.

>10 %

Adjusted EBITA margin above 10 per cent in medium term.

<2.5 x

A net debt to adjusted EBITDA ratio not exceeding 2.5x, subject to temporary flexibility for strategic initiatives.

>30 %

Dividend policy: At least 30 per cent of last year’s net profit after tax.