Financial targets and achievements

Wärtsilä’s target is to improve its financial performance and create added value for its stakeholders and 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

Growthoverthecycle

TARGET
Wärtsilä's target is to grow faster than global GDP.

MEANS TO ACHIEVE THE TARGET
Focus on strengthening position in strategic growth markets.

DEVELOPMENT
In 2018, net sales increased by 5% to EUR 5,174 million.

Profitability

Result

TARGET
Wärtsilä's 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%.

MEANS TO ACHIEVE THE TARGET
Enhanced performance through continuous improvement.

DEVELOPMENT
In 2018, the comparable operating result was EUR 577 million, which represents 11.2% of net sales.

Capital structure

Gearing

TARGET
Wärtsilä's target is to maintain gearing below 0.50.

DEVELOPMENT
In 2018, gearing was 0.14.

Dividend

Dividend

TARGET
Wärtsilä's 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 EUR 0.48 per share be paid for the financial year 2018, which represents 73.7% of operational earnings.

© 2019 Wärtsilä