Financial targets

TargetDevelopment 2011Graph
Net sales    
Our target is to grow faster than global GDP. In 2011, Wärtsilä’s net sales decreased 7.6% to EUR 4,209 million. Wärtsilä’s CAGR 2000-2011 was 5.7%. In the WEO January 2012 report, economic growth is estimated to be 3.3% in 2012. Wärstilä estimates that its net sales will grow 5-10% in 2012.
Profitability    
Our operating profit margin (EBIT%) target is 14% at the peak of the cycle. At the trough of the cycle, our target is to keep the operating profit margin above 10%. In 2011, our operating profit was EUR 469 million, 11.1% of net sales.
Capital structure    
Our target is to maintain gearing below 0.50. In 2011, our gearing was 0.04.
Dividend    
Our target is to pay a dividend equivalent to 50% of earnings. The Board of Directors proposes that a dividend of 0.90 euro per share be paid for the financial year 2011.


 

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