Strategic targets
Strong position
Ensure strong position in Europe, North America and Asia
|
World leader
in the niche in the production, process development, innovation and sales |
Safety
Attractive employer based on being one of the world’s safest steel companies and having a high performing organization with empowered employees |
|
Share of niche products
of the Group’s total shipments 2015
50 % |
Asia’s share
of total shipments of niche products 2015
20 % |
Financial targets
Profitability
Taking into consideration the equity ratio requirement and the dividend policy, the target for the return on capital employed is that it shall exceed 15 percent over a business cycle.
Capital structure
The Group’s operations are sensitive to the state of the economy. The objective is a long term equity ratio of approximately 50 percent and a long term net debt/equity ratio of 30 percent.
Dividends
Dividends shall be adapted to the average level of earnings over a business cycle and, in the long term, constitute approximately 50 percent of profit after tax. However, the net debt/equity ratio must be taken into account. It shall also be possible to use dividends to adapt the capital structure.
The dividend for 2011 was SEK 2.00 (2.00) per share.