Thu, 5th Mar 2015 12:01
Wärtsilä Corporation, Company announcement, 5 March 2015 at 2.00 p.m. (EET)
Wärtsilä redefines its dividend target
Wärtsilä has redefined its long-term dividend target. Our target is to pay a dividend of at least 50% of operational earnings over the cycle. The dividend pay-out takes into account Wärtsilä's net debt to equity ratio and the company's investment and development needs. Previously, the target was to pay a dividend equivalent to 50% of operational earnings.
Wärtsilä's other long-term financial targets remain unchanged. Our targets are to grow faster than global GDP, reach an operating profit margin (EBIT%) of 14% at the peak of the cycle and maintain operating profit margin above 10% at the trough, as well as maintain gearing below 50%.
For further information, please contact:
Natalia Valtasaari Director, Investor Relations Tel: +358 40 187 7809 firstname.lastname@example.org
For press information, please contact:
Atte Palomäki Group Vice President, Communications & Branding Tel: +358 10 709 5599 email@example.com
Wärtsilä in brief
Wärtsilä is a global leader in complete lifecycle power solutions for the marine and energy markets. By emphasising technological innovation and total efficiency, Wärtsilä maximizes the environmental and economic performance of the vessels and power plants of its customers.
In 2014, Wärtsilä's net sales totalled EUR 4.8 billion with approximately 17,700 employees. The company has operations in more than 200 locations in nearly 70 countries around the world. Wärtsilä is listed on the NASDAQ OMX Helsinki, Finland. www.wartsila.com