Nobia’s financial goals

Nobia's strategic objective is to be the leading kitchen specialist in Europe. The aims of Nobia's financial targets are to generate favourable financial returns for shareholders and long-term healthy growth in value.

The company steers its operations towards the following financial targets.

Profit growth

Earnings per share shall increase on average by 12 per cent per year over a business cycle. Nobia will achieve this by:
• attaining organic growth that is 2–3 per cent higher than market growth
• growing through acquisitions
• achieving an operating margin (EBIT) that amounts to at least 10 per cent at Group level over a business cycle.

Financial strength
The debt/equity ratio shall not exceed 100 percent. A temporary elevation of the debt/equity ratio is acceptable in conjunction with acquisitions. Any long-term significantly lower debt/equity ratio shall be adjusted by an extra dividend to shareholders or a buy-back of own shares.

Dividends
Dividends to shareholders shall on average comprise at least 30 percent of net profit after tax. However, decisions regarding the amount of the dividend will be made in relation to the company’s capital structure at the time.