Financial targets
At the moment, Stockmann Group has no long-term financial targets. The company's medium-term financial target is that the division Stockmann Retail achieves a positive operating result (EBIT) for the whole year 2018.
The earlier targets, which were set to be reached by the end of year 2016 were:
- a 10 per cent return on capital employed (ROCE)
- a 7 per cent operating profit margin
- a sales growth above the industry average and
- a 40 per cent equity ratio (already achieved)
Achievement of financial targets 2001–2014
|
Return on capital employed |
EBIT% on revenue |
Sales growth |
Equity ratio |
|
| Actual 2013 | 3.4% | 2.7% | Weaker than industry average | 43.8% |
| Targets 2013, up to 2016 |
10% | 7% | Above industry average | 40% |
| Actual 2012 | 5.1 % | 4.1 % | In line with industry average | 42.8 % |
| Actual 2011 | 4.1% | 3.5% |
Achieved |
42.2% |
|
Actual 2010 |
5.8% |
4.9% |
In line with industry average |
43.1% |
|
Targets 2010, |
Minimum 20% |
Minimum 12% |
Above industry average |
Minimum 40% |
|
Actual 2009 |
5.8% |
5.0% |
In line with industry average |
44.1% |
Actual 2008 |
|
|
In line with industry average |
|
|
Target set 2008, |
20% |
12% |
Above industry average |
At least 40% |
|
Actual 2007 |
12.1% |
9.0% |
In line with industry average |
32.6% |
| Actual 2006 |
22.9% |
10.0% |
In line with industry average |
74.5% |
|
Target set 2006, |
22% |
10% |
Above industry average |
At least 50% |
|
Actual 2005 |
19.6% |
6.7% |
Achieved |
66.4% |
|
Target set 2005, |
At least 20% |
At least 8% |
Above industry average |
At least 50% |
|
Actual 2004 |
14.3% |
4.9% |
Achieved |
|
|
Actual 2003 |
13.2% |
4.7% |
Achieved |
|
|
Actual 2002 |
12.6% |
4.7% |
Achieved |
|
|
Actual 2001 |
9.8% |
3.6% |
Achieved |
|
|
Target set 2001 |
At least 15% |
At least 5% |
Above industry average |
Stockmann's Board of Directors has set the dividend payout target over half of the earnings derived from the company's ordinary operations. The financing required to grow operations is nevertheless taken into account in determining the dividend.
