TARGET: SALES GROWTH FASTER THAN THE MARKET
PERFORMANCE: Sales growth target was met during the strategy period 2013-2016. Comparable compound annual growth rate (CAGR) was 3.1% whereas the market grew by 2.9%.
TARGET: EBITA margin above 15% of sales over a business cycle
PERFORMANCE: EBITA margin target was reached in 2016. Comparable EBITA margin was 15.6% in 2016.
TARGET: Return on equity higher than 12% over a business cycle
PERFORMANCE: ROE target was reached in 2016. Comparable ROE was 14.9% in 2016.
TARGET: maximum gearing of 100%
PERFORMANCE: Cramo has continued to have a strong balance sheet throughout the strategy period. Gearing target was met throughout strategy period and was 74.5% at the end of 2016.
TARGET: Stable profit distribution policy with about 40% of earnings per share paid as a dividend
PERFORMANCE: Dividend is proposed to be increased to EUR 0.75, representing 49% of net profit. Dividend target was met throughout strategy period.