Financial targets

Growth

Nobia aims at an average combined organic and acquired growth rate of more than 5 per cent per year.

Profitability

Nobia's operating margin is to amount to more than 10 per cent over a business cycle.

Financing

Nobia's debt/equity ratio, that is net debt devided with shareholders' equity, is not to exceed 100 per cent. A temporary elevation of the debt/equity ratio is acceptable in conjunction with acquisitions.

Dividend

Dividends to shareholders are on average to comprise 40–60 per cent of net profit after tax. When decisions about the amount of the dividend are made, the company's capital structure is to be taken under consideration.