Cargotec's financial targets for 2016
(Thomson Reuters ONE) -
CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 18 NOVEMBER 2014 AT 8.30 AM (EET)
Cargotec's financial targets for 2016
Cargotec's Board of Directors has confirmed financial targets for Cargotec
Corporation for 2016. The targets are:
* Operating profit (EBIT) margin exceeding 8%
* Return on capital employed (ROCE pre-tax) exceeding 13%
* Gearing below 50%
* Dividend 30-50% of earnings per share
The financial targets reflect Cargotec's continued focus to strengthen market
leadership and improve profitability in all of Cargotec's three business areas
during 2015-2016. Already on-going actions to improve the competitiveness of its
offering, to drive profitable growth in services as well as to enhance sales and
distribution operations globally will be further intensified and developed.
A new target on return on capital employed will help to ensure better
shareholder value creation during this period, mainly by increased focus on net
working capital efficiency in the three business areas.
Cargotec continues to repeat its other two financial targets of retaining
gearing below 50% and distributing a dividend of 30-50% of earnings per share to
its owners. Profitability improvement and focus on cash generation are central
in bringing the gearing down to the targeted level after the recent acquisitions
in MacGregor.
Capital Markets Day 2014
Cargotec will host a Capital Markets Day today, 18 November 2014, in Helsinki,
Finland. Cargotec's senior management will discuss current status as well as
mid-term outlook of the businesses in its presentations. Cargotec's Capital
Markets Day will begin at 1.00 p.m. Finnish time/EET and finish by 6.00 p.m.
English-language presentation material will be published on Cargotec's website
at www.cargotec.com/investors after the event.
More information:
Mika Vehviläinen, President and CEO, tel. +358 20 777 4100
Eeva Sipilä, EVP and CFO, tel. +358 20 777 4104
Paula Liimatta, Director, Investor Relations, tel. +358 20 777 4084
Cargotec shapes the cargo handling industry for the benefit of its customers and
shareholders. Cargotec's business areas MacGregor, Kalmar and Hiab are
recognised leaders in cargo and load handling solutions around the world. Their
global network is positioned close to customers and offers extensive services
that ensure a continuous, reliable and sustainable performance according to
customers' needs. Cargotec's sales totalled approximately EUR 3.2 billion in
2013 and it employs approximately 11,000 people. Cargotec's class B shares are
quoted on NASDAQ OMX Helsinki Ltd under symbol CGCBV. www.cargotec.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Cargotec Corporation via GlobeNewswire
[HUG#1872307]
Unternehmensinformation / Kurzprofil:
Datum: 18.11.2014 - 07:30 Uhr
Sprache: Deutsch
News-ID 353336
Anzahl Zeichen: 3486
contact information:
Town:
Helsinki
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 196 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Cargotec's financial targets for 2016"
steht unter der journalistisch-redaktionellen Verantwortung von
Cargotec Corporation (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
