Financial Targets
In 2010, Tikkurila has set the following medium-term financial targets:
- an annual organic revenue growth of over five percent;
- operating profit level of over 10 percent of Tikkurila’s revenue;
- a continuous improvement of return on capital employed ROCE (%); and
- gearing under 100 percent.
Historical performance
|
2006 |
2007 |
2008 |
2009 |
2010 |
2011 | Target
|
Organic growth, % *
|
6% |
9% |
3% |
-20% |
11% |
8% | > 5% |
EBIT, % **
|
9.9% |
10.3% |
9.1% |
9.5% |
10.1% |
9.7% | > 10% |
ROCE |
23.7% |
24.5% |
18.7% |
15.7% |
19.2% |
19.4% | Continuous improvement |
Gearing
|
220.3% |
135.3% |
208.5% |
90.0% |
41.4% |
51.9% | < 100 % |
* Organic growth calculated based on reported net revenue and reported acquisitions and divestments
** Excluding non-recurring items
