25 June 2015, 15:56
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.