Tikkurila's new long-term financial targets
Stock Exchange Release
November 7, 2012 at 9:05 a.m. (CET+1)
The Board of Directors of Tikkurila adopted new financial targets for the Group, aiming at higher growth, profitability and solvency level. In addition, the target level for return on capital employed (ROCE) was defined. The targets will be measured after a five-year period (2013-2017) in 2018.
Tikkurila's new financial targets for 2018 are the following:
Revenue: Revenue EUR 1 billion
Relative profitability: Operative EBIT margin over 12 percent
Return on capital: Operative return on capital employed (ROCE) over 20 percent
Balance Sheet structure: Gearing less than 70 percent
Tikkurila's previous medium-term financial targets, announced in 2010, were the following:
Annual organic revenue growth of over five percent
Operating profit (EBIT) level of over 10 percent of Tikkurila's revenue
Continuous improvement of return on capital employed ROCE
Gearing under 100 percent
For further information, please contact:
Erkki Järvinen, President and CEO
Mobile +358 400 455 913, email@example.com
For 150 years already, Tikkurila has provided consumers and professionals with user-friendly and sustainable solutions for surface protection and decoration. Tikkurila wants to be the leading paint company in the Nordic area as well as in Russia and other selected Eastern European countries. - Tikkurila inspires you to color your life.
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Source: Tikkurila Oyj via Thomson Reuters ONE