Valmet's strategy and financial targets unchanged and reconfirmed by the Board of Directors
(Thomson Reuters ONE) -
Valmet Corporation's stock exchange release on June 24, 2015 at 4:45 p.m. EET
Valmet's strategy and financial targets, which were announced on September
3, 2013 and reconfirmed on July 31, 2014, have been reconfirmed by Valmet's
Board of Directors, and thus remain unchanged.
Strategy
Valmet's mission is to convert renewable resources into sustainable results. The
company continues to focus on developing and supplying competitive technology
and services to the pulp, paper and energy industries. Valmet is committed to
moving its customers' performance forward.
Valmet seeks to achieve its strategic targets by pursuing the following Must-Win
initiatives: customer excellence, leader in technology and innovation,
excellence in processes, and winning team. Valmet's vision is to become the
global champion in serving its customers.
Financial targets unchanged
Valmet's financial targets remain unchanged and they are the following:
* Net sales growth to exceed market growth
* EBITA before non-recurring items: 6-9%
* Return on capital employed (pre-tax), ROCE: minimum of 15%
* Dividend payout at least 40% of net profit
Comment from Pasi Laine, President and CEO of Valmet:
"Valmet has proceeded systematically in the implementation of its strategy. The
EBITA margin target of 6-9 percent is still valid, and we continue the work to
reach that level. The acquisition of Automation business was an important step
and now we can offer unique benefits for our customers. Valmet is committed to
moving our customers' performance forward," says Pasi Laine, President and CEO
of Valmet.
Further information, please contact:
Pasi Laine, President and CEO, Valmet, tel. +358 10 672 0001
Markku Honkasalo, Chief Financial Officer, Valmet, tel. +358 10 672 0008
VALMET CORPORATION
Markku Honkasalo
CFO
Hanna-Maria Heikkinen
VP, Investor Relations
Valmet is the leading global developer and supplier of technologies, automation
and services for the pulp, paper and energy industries. Valmet's vision is to
become the global champion in serving its customers.
Valmet's services cover everything from maintenance outsourcing to mill and
plant improvements and spare parts. The strong technology offering includes pulp
mills, tissue, board and paper production lines, as well as power plants for
bio-energy production. Valmet's advanced automation solutions range from single
measurements to mill wide turnkey automation projects.
Valmet's net sales in 2014 were approximately EUR 2.5 billion. Our 12,000
professionals around the world work close to our customers and are committed to
moving our customers' performance forward - every day. Valmet's head office is
in Espoo, Finland and its shares are listed on the NASDAQ OMX Helsinki Ltd.
Read more www.valmet.com , www.twitter.com/valmetglobal
Follow Valmet IR in Twitter www.twitter.com/valmetir
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: Valmet Corporation via GlobeNewswire
[HUG#1930944]
Unternehmensinformation / Kurzprofil:
Datum: 24.06.2015 - 15:45 Uhr
Sprache: Deutsch
News-ID 402743
Anzahl Zeichen: 3848
contact information:
Town:
Espoo
Kategorie:
Business News
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"Valmet's strategy and financial targets unchanged and reconfirmed by the Board of Directors"
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Valmet Corporation (Nachricht senden)
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