Financial targets
Vattenfall’s overarching financial target is to create economic value by generating a competitive return over time.
Based on this, Vattenfall’s owner and the company have set four financial targets – for profitability, capital structure (two financial targets) and the dividend.
The targets are long-term, which means that they are to be evaluated as averages over a business cycle (approx. 5–7 years). These financial targets form the framework for Vattenfall’s business control.
Financial targets |
||
| Ratio | New targets | Outcome Q1 2013* |
|---|---|---|
| Return on Capital Employed (ROCE) | 9% on average capital employed |
5.7% |
| Net debt/Equity | 50-90% | 70.4% |
| FFO/Adjusted net debt | 22-30% | 21.8% |
| Dividend pay-out | 40-60% (unchanged) | 40% (SEK 6,8 bn) |
* Last 12 months.
ROCE development (XLS 2 MB)
ROCE definition (PPT 90 kB)
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