ESPOO, Finland, July 31, 2014 (Press Release) -
Valmet's strategy and financial targets, which were announced on September 3, 2013, have been reconfirmed by Valmet's Board of Directors, and thus remain unchanged.
Valmet will focus on delivering technology and services globally to industries that use bio-based raw materials. Valmet's vision is to become the global champion in serving its customers, and its mission is to convert renewable resources into sustainable results.
Valmet's main customer industries are pulp, paper, and energy. All of these are major global industries that offer growth potential for the future. Valmet will complement its core business by applying its technology and know-how to industries beyond biomass, particularly in the energy sector.
Valmet's product and service portfolio consists of productivity-enhancing services, plant upgrades and rebuilds, new cost-efficient equipment and solutions for optimizing energy and raw material usage, and technologies increasing the value of its customers' end-products.
Valmet continues to seek to achieve its strategic targets by pursuing the following Must-Win initiatives: customer excellence, leader in technology and innovation, excellence in processes, and winning team.
Valmet's financial targets are the following:
Net sales growth to exceed market growth
EBITA before non-recurring items: 6-9%
Return on capital employed (pre-tax), ROCE: minimum of 15%
Dividend payout at least 40% of net profit
Comment from Pasi Laine, President and CEO of Valmet Corporation:
"We continue with the strategy and financial targets we set up in September, 2013. Valmet's strategy is clear and well-defined, and our Must-Wins focus on the right areas. The focus of the management continues to be on reaching the financial targets and on the further development of our position as a leading, global services and technology provider for pulp, paper and energy industries," says Pasi Laine, President and CEO of Valmet Corporation.