The Metso board of directors has raised the company’s financial targets, with an adjusted earnings before interest, taxes, depreciation and amortisation (EBITA) margin exceeding 17 per cent over the cycle.
According to Metso, the updated targets are a result of its positive portfolio of its aggregates and minerals segments, as well as the positive development it has seen in its profit-making capabilities.
Along with the adjusted EBITA, Metso’s updated financial targets include:
- maintaining an investment grade credit rating
- dividend pay-out of at least 50 per cent of earning per share
- progress in sustainability in alignment with the 1.5 °C commitment.
“Since completing the Metso Outotec integration, we have successfully strengthened our results and profitability, de-risked our business and have made strong progress in our other targets,” Metso president and chief executive officer Pekka Vauramo said.
“As a result, we have evaluated our financial targets and decided to raise the bar relating to the development of our profitability.
“This upgrade is based on the recent development of our financial performance, changes in our business portfolio, as well as on our possibilities to further improve the financial result of our continuing operations.
“We have achieved our previous adjusted EBITA margin target of exceeding 15 per cent during the latest 12-month period.
“Our other three targets – a strong balance sheet, a competitive dividend, and the continuous development of sustainability – will remain unchanged and will contribute to our value generation also in the future.”
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