New financial and sustainability targets for Vattenfall
Today, in an extraordinary general meeting, new financial targets were established for Vattenfall. The company also presented its new sustainability targets. For example renewable energy growth rates should be higher than the market.The following new financial targets were established: Profitability target:• Return on capital employed of 9 per cent (operating profit/average capital employed). Capital structure: Vattenfall is to have two targets for its capital structure. • Debt/equity ratio of 50-90 per cent (financial net debt/equity)• FFO/adjusted net debt of 22-30 per cent (