Wärtsilä redefines its dividend target
(Thomson Reuters ONE) -
Wärtsilä Corporation, Company announcement, 5 March 2015 at 2.00 p.m. (EET)
Wärtsilä redefines its dividend target
Wärtsilä has redefined its long-term dividend target. Our target is to pay a
dividend of at least 50% of operational earnings over the cycle. The dividend
pay-out takes into account Wärtsilä's net debt to equity ratio and the company's
investment and development needs. Previously, the target was to pay a dividend
equivalent to 50% of operational earnings.
Wärtsilä's other long-term financial targets remain unchanged. Our targets are
to grow faster than global GDP, reach an operating profit margin (EBIT%) of 14%
at the peak of the cycle and maintain operating profit margin above 10% at the
trough, as well as maintain gearing below 50%.
For further information, please contact:
Natalia Valtasaari
Director, Investor Relations
Tel: +358 40 187 7809
natalia.valtasaari(at)wartsila.com
For press information, please contact:
Atte Palomäki
Group Vice President, Communications & Branding
Tel: +358 10 709 5599
atte.palomaki(at)wartsila.com
Wärtsilä in brief
Wärtsilä is a global leader in complete lifecycle power solutions for the marine
and energy markets. By emphasising technological innovation and total
efficiency, Wärtsilä maximizes the environmental and economic performance of the
vessels and power plants of its customers.
In 2014, Wärtsilä's net sales totalled EUR 4.8 billion with approximately
17,700 employees. The company has operations in more than 200 locations in
nearly 70 countries around the world. Wärtsilä is listed on the NASDAQ OMX
Helsinki, Finland.
www.wartsila.com
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(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Wärtsilä Oyj Abp via GlobeNewswire
[HUG#1899656]
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