Net sales growth
exceed the growth in existing markets¹ through organic growth.
Financial targets
engcon’s board of directors has adopted the following financial targets and dividend policy.
Profitability
have an operating margin (EBIT margin) in excess of 20 per cent, measured over a business cycle.
Capital efficiency
continue to achieve an industry-leading capital efficiency. ROCE to exceed 40 per cent, measured over a business cycle.
Capital structure
maintain a strong capital structure supporting further expansive organic growth and dividends to shareholders. Equity-to-asset ratio to be above 35 per cent.
Dividend policy
pay approximately 50 per cent of net profit in dividends. The dividend proposal will consider engcon’s long-term development potential, financial position and investment requirement.
1The existing market’s annual growth is expected to amount to approximately 19 per cent during the 2021-2026 period according to the Strategy& (PwC) market report 2022.