Financial targets and achievements

Wärtsilä’s target is to improve its financial performance and create added value for its stakeholders and the society. Wärtsilä’s financial goal is to offer investors a competitive return on their investment through profitable growth. Wärtsilä has not defined a time frame for the achievement of these financial targets.

Net sales

Growth over cycle

TARGET
Grow faster than global GDP.

DEVELOPMENT
In 2020, net sales decreased by 11% to EUR 4,604 million.

Profitability

Result

TARGET
The operating profit margin (EBIT%) target is 14% at the peak of the cycle. At the trough of the cycle, the target is to keep the operating profit margin above 10%.

DEVELOPMENT
In 2020, comparable operating result was EUR 275 million, which represents 6.0% of net sales.

Capital structure

Gearing

TARGET
Maintain gearing below 0.50.

DEVELOPMENT
In 2020, gearing was 0.18.

Dividend

Dividend

TARGET
Distribute a dividend of at least 50% of earnings over the cycle.

DEVELOPMENT
The Annual General Meeting held on 4 March 2021 approved the Board of Directors’ proposal to pay a dividend of EUR 0.20 per share for the financial year 2020, representing 88.2% of operational earnings.

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