Financial targets

Goal

 

Description

 

Achievement

Growth        
To achieve average annual growth of at least 12% in sales over a business cycle.     This is to be achieved through both organic growth and acquisitions. Sales growth has averaged 10.1 percent per year over the past ten years. Organic growth is to be achieved via product development and expansion of market shares, as well as a broader product offering through acquisitions and new business start-ups.     Net sales for the financial year increased by 12.3 percent to SEK 6,863.6 million (6,112.5).

Growth in sales, %

12%

         
Profitability        
To achieve an average operating margin of no less than 10% over a business cycle.    The operating margin has averaged 8.3 percent over the past ten years and 6.5 percent over the past five years. In view of our planned restructuring programmes, existing structure and product programme, the Company judges that the conditions for achieving this goal are favourable.    Operating margin, %

10%

         
Financial position        
The Group’s equity/assets ratio should be no less than 30%.    The Group's financial position is good; our equity/assets ratio on 30 April 2017 was 44.6 percent The Company continually assesses opportunities for strategic acquisitions and our financial position allows scope for continued acquisitions and investments.    Equity/assets ratio, %

30%

         
Dividend policy         
Based on Systemair’s ambitions for growth, the dividend target is approximately 30% of the Company’s profit after tax.   The AGM determines the dividend to be paid, having considered the Board’s recommendation. The aim is to secure a stable financial position for continued acquisitions, the establishment of sales companies and progressive expansion of production capacity. At the same time, shareholders should receive a reasonable share of the Company's annual earnings.   The Board of Directors proposes a dividend of SEK 2.00 (2.00) per share for approval by the AGM, which will be held on 24 August 2017 in Skinnskatteberg, Sweden. The proposed dividend corresponds to 35 percent of profit after tax.

30%

   

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