Financial targets and achievements

TARGET
Grow faster than global GDP.

MEANS TO ACHIEVE THE TARGET
Focus on strengthening our position in strategic markets and growing the lifecycle business.

DEVELOPMENT
In 2019, net sales remained stable at EUR 5,170 million.

TARGET
The operating profit margin (EBIT%) target is 14% at the peak of the cycle. At the trough of the cycle, the target is to keep the operating profit margin above 10%.

MEANS TO ACHIEVE THE TARGET
Enhanced performance through continuous improvement. Performance is impacted by the cycle and mix.

DEVELOPMENT
In 2019, the comparable operating result was EUR 457 million, which represents 8.8% of net sales.

TARGET
Maintain gearing below 0.50.

DEVELOPMENT
In 2019, gearing was 0.30.