Componenta's financial objectives and dividend policy

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The Board of Directors of Componenta Corporation has approved new financial objectives and dividend policy for Componenta.

Financial objectives 2015

Componenta’s new EBIT objective is minimum 8% instead of earlier 12%. A new ROI (return on investment) objective is minimum 15% instead of earlier more than 20%.The objective for equity ratio, preferred capital notes included in equity, is minimum 40%.

Dividend policy

The Board of Directors takes the financial performance, financing structure and growth expectations into account when making its proposal for the dividend to be paid. The new goal is to pay a dividend of 25% - 40% of net profit instead of earlier 30% - 50%.

Helsinki, 22 March 2013

COMPONENTA CORPORATION


Heikki Lehtonen
President and CEO

 

For further information, please contact:

Heikki Lehtonen
President and CEO
tel. +358 10 403 2200

Mika Hassinen
CFO
tel. +358 10 403 2723

 

Componenta is a metal sector company with international operations and production plants located in Finland, Turkey, the Netherlands and Sweden. The net sales of Componenta were EUR 545 million in 2012 and its share is listed on the NASDAQ OMX Helsinki. The Group employs approx. 4,300 people. Componenta specializes in supplying cast and machined components and total solutions made of them to its global customers, who are manufacturers of vehicles, machines and equipment.