The owner’s financial goal for the Group is that the return on operating capital should amount to not less than 10 percent measured over a business cycle. Return on operating capital in 2019 was negative. The net debt/equity ratio is to fall between 0.6 and 0.9, while it was 3.5 (2.1) at December 31, 2019. The regular dividend should amount to half of after-tax profit for the year assuming that the net debt/equity ratio after the dividend payment is within the target interval.
It is incumbent on the CEO and company management to manage and follow up operations to ensure that the owner’s overall targets are reached. This means that the entire organization needs to focus on results, using resources efficiently and utilizing capital efficiently.