Change of financial targets

2017-02-13 16:00

From 2006 ProfilGruppen has had unchanged financial targets:
Return on capital employed (ROCE)       15 % over a business cycle
Operating margin (EBIT %)                     6 % over a business cycle
Net debt ratio                                           in a range of 0,75-1,00
In the light of the progress in the base business and an increased level of added value in the company during the latest years the Board has, on February 13 2017, decided on new financial targets. The targets for ROCE and net debt ratio are abandoned. The target regarding operating margin is kept, but the level is adjusted.
A new target, net debt/EBITDA, is introduced. It will better explain the debt situation of the Group in relation to its profitability and is often used by banks and investors.
New financial targets
Operating margin (EBIT %)                     8 %
Ned debt /EBITDA                                 < 2,0
*EBITDA = Earnings before tax, depreciation and write downs
Other definitions can be found in the Annual report for 2015. 
The dividend policy of the company remains unchanged. Of the profit after tax over a business cycle shall, with respect to capital needs and structure, 40-50 percent be paid to the owners.

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For more information, please contact:
Per Thorsell, President and CEO
Mobile: + 46 (0)70-240 78 40
E-mail: per.thorsell@profilgruppen.se                        

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Change of financial targets