The Group has three long-term financial goals.
Operating margin of more than 10% over the course of a business cycle.
Capital structure should meet criteria for long-term credit rating corresponding to at least BBB. This is considered to require that seasonally adjusted net debt in relation to EBITDA should not exceed a multiple of 2,5 in the long term.
The dividend shall normally exceed 40% of income for the year.
Operating margin exckluding items affecting comparability amounted to 6.1%, in 2012.
Average operating margin was 6.8% 2008-2012, and 8.6% 2003-2012, excluding items affecting comparability.
Seasonally adjusted net debt/EBITDA was 2.8 at year-end 2012.
The Board proposes a dividend for 2012 of SEK 1.50.
The pay-out ratio for 2012 corresponds to 84% of income for the year.