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Financial targets and dividend policy

We focus on the continuous improvement of cost-effectiveness and on customer accounts which benefit from the high performance of our products and services. We aim to distribute a competitive dividend to our shareholders and maintain our strong financial position.

Our long-term financial targets are

  • a minimum of 12% comparable return on capital employed, and
  • a maximum of 2.5x in net debt/comparable EBITDA (12 months). 

Comparable ROCE

Net debt per comparable EBITDA

Dividend policy: Metsä Board's target is to distribute a dividend of at least half of the result for the financial period over time, taking into account the company's future investment and development needs. 

See dividend distribution in past 10 years in here.

Dividend payout ratio