Financial targets
YIT Corporation’s Board of Directors confirmed on September 25, 2007 the Group’s strategy and financial targets unchanged for the period 2008–2010. The targets are: average annual revenue growth of 10 per cent, operating profit of 9 per cent of revenue by year 2009, return on investment of 22 per cent, equity ratio of 35 per cent and a dividend payout ratio of 40–60 per cent of earnings after taxes and minority interest. In addition, YIT has set the target of increasing revenue in Russia by an average of 50 per cent annually during the 2006–2009 period.
Target levels for the financial indicators
|
Average annual growth in net sales |
10% |
|
Operating profit margin |
9% |
|
Return on investment |
22% |
|
Equity ratio |
35% |
|
Dividend payout from annual result after taxes and minority interest |
40–60% |
Financial indicators: the actual figures, 2001–2007
|
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
2007 | |
|
Annual growth in net sales, % |
31.4 |
8.6 |
35.5 |
26.9 |
8.8 |
8.6 |
12.9 |
|
Operating profit margin, % |
6.1 |
5.1 |
4.1 |
5.7 |
7.5 |
7.9 |
9.1 |
|
Return on investment , % |
21.6 |
17.8 |
16.8 |
19.1 |
26.4 |
24.8 |
26.2 |
|
Equity ratio, % |
40.3 |
38.2 |
28.3 |
31.1 |
36.3 |
34.5 |
36.7 |
|
Dividend payout, % |
39.7 |
60.4 |
73.2 |
43.2 |
43.7 |
47.8 |
45,2*) |
*) Board of Directors' proposal
The figures for 2001–2003 have been drafted in accordance with FAS and the figures for 2004–2006 in accordance with IFRS.
Updated February 22, 2008
InvestorRelations@yit.fi
