Net sales
TARGET
Our target is to grow faster than global GDP.
DEVELOPMENT
In 2016, Wärtsilä's net sales decreased by 5% to EUR 4,801 million. Wärtsilä's CAGR 2006-2016 was 4.2%.
Profitability
TARGET
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%.
DEVELOPMENT
In 2016, our comparable operating result was EUR 583 million, 12.1% of net sales.
Capital structure
TARGET
Our target is to maintain gearing below 0.50.
DEVELOPMENT
In 2016, our gearing was 0.07.
Dividend
TARGET
Our target is to pay a dividend of at least 50% of earnings over the cycle.
DEVELOPMENT
The Board of Directors proposes that a dividend of 1.30 euro per share be paid for the financial year 2016, which represents 73% of operational earnings.
Note
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