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.
|Ratio||New targets||Outcome Q1 2013*|
|Return on Capital Employed (ROCE)||9% on average capital employed||
|FFO/Adjusted net debt||22-30%||21.8%|
|Dividend pay-out||40-60% (unchanged)||40% (SEK 6,8 bn)|
* Last 12 months.