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Financial targets

Tikkurila's long-term financial targets

Tikkurila has renewed its long-term financial targets as part of its strategy work. Regarding revenue, the target has been tied in market growth. As regards profitability, return on capital and balance sheet structure, the long-term financial targets remain unchanged.

The targets are:

  • Revenue: Tikkurila aims for faster than market growth
  • Relative profitability: Adjusted operating profit margin over 12 percent
  • Return on capital: Operative return on capital employed (ROCE) over 20 percent
  • Balance Sheet structure: Gearing less than 70 percent 

 

Historical performance

 

2011

2012

2013

2014

2015

2016

2017

2018

Revenue

644

670

653

618

584

572

582

561.5

Adjusted operating profit, %

9.7%

11.0%

11.1%

10.4%

10.1%

9.4%

4.9%

6.9%

ROCE

19.4%

21.0%

23.5%

22.9%

22.2%

18.5%

6.3%

9.3%

Gearing

51.9%

40.6%

23.4%

24.6%

23.7%

28.1%

50.2%

57.0%

Revenue

 

adjusted operating profit

 

ROCE

 

Gearing

 

Dividend