New financial targets and a revised dividend policy
The Board of Directors of Nolato has adopted new financial targets for the Group, and revised the dividend policy. According to the new targets, the Group is governed with a view to solid earnings, cash flow generation ability and a healthy financial risk level. The change should be seen in light of the current Group structure and advanced market positions.The new financial targets, which should be seen over a business cycle, are as follows: · Reaching an operating margin (EBITA) exceeding 10% (an increase from the previous target of at least 8%). · Reaching cash conversion