Long-term financial goals and dividend policy in the Oriola-KD Group
1.11.2006
Oriola-KD Corporation Stock Exchange Release 1 November 2006 at 8.40
Long-term financial goals and dividend policy in the Oriola-KD Group
The Board of Directors of Oriola-KD Corporation has confirmed the long-term
financial goals and dividend policy of the Oriola-KD Group. The Group's
long-term financial goals are based on the development of its operating profit
and return on capital employed (ROCE).
Operating profit
The long-term goal for the Group's operating profit excluding one-off items is
set at growth of at least five per cent over the previous year. Growth
substantially above the long-term growth rate is expected in operating profit
excluding one-off items in 2007, primarily due to the cost efficiency programme
implemented in 2006.
Return on capital employed
Return on capital employed (ROCE) shall be at least 13 per cent in 2010.
Dividend policy
Oriola-KD will seek to pay out as dividends approximately 50 per cent of
earnings per share annually. The company's financial position and operational
strategy shall be taken into consideration when determining annual dividend.
Oriola-KD Corporation
Eero Hautaniemi
President & CEO
Kimmo Virtanen
CFO
For additional information, contact:
Eero Hautaniemi
President and CEO
tel. +358 10 429 2109
email: eero.hautaniemi@oriola-kd.com
Kimmo Virtanen
CFO
tel. +358 10 429 2069
email: kimmo.virtanen@oriola-kd.com
Distribution
Helsinki Stock Exchange
Principal media
Published by:
Oriola-KD Corporation
Corporate Communications
Harmaaparrankuja 1
FI-02200 Espoo
www.oriola-kd.com