Our target is to grow faster than global GDP.
In 2015, Wärtsilä's net sales increased by 5% to EUR 5,029 million. Wärtsilä's CAGR 2005-2015 was 7.2%.
Our operating profit margin (EBIT%) target is 14% at the peak of the cycle. At the trough of the cycle, our target is to keep the operating profit margin above 10%.
In 2015, our operating profit was EUR 612 million, 12.2% of net sales.
Our target is to maintain gearing below 0.50.
In 2015, our gearing was 0.17.
Our target is to pay a dividend of at least 50% of earnings over the cycle.
The Board of Directors proposes that a dividend of 1.20 euro per share be paid for the financial year 2015, which represents 53% of operational earnings.