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2012-11-07 08:05:00 CET 2012-11-07 08:06:02 CET REGULATED INFORMATION Tikkurila Oyj - Company AnnouncementTikkurila's new long-term financial targetsTikkurila Oyj Stock Exchange Release November 7, 2012 at 9:05 a.m. (CET+1) The Board of Directors of Tikkurila adopted new financial targets for the Group, aiming at higher growth, profitability and solvency level. In addition, the target level for return on capital employed (ROCE) was defined. The targets will be measured after a five-year period (2013-2017) in 2018. Tikkurila's new financial targets for 2018 are the following: Revenue: Revenue EUR 1 billion Relative profitability: Operative EBIT margin over 12 percent Return on capital: Operative return on capital employed (ROCE) over 20 percent Balance Sheet structure: Gearing less than 70 percent Tikkurila's previous medium-term financial targets, announced in 2010, were the following: Annual organic revenue growth of over five percent Operating profit (EBIT) level of over 10 percent of Tikkurila's revenue Continuous improvement of return on capital employed ROCE Gearing under 100 percent Tikkurila Oyj Erkki Järvinen For further information, please contact: Tikkurila Oyj Erkki Järvinen, President and CEO Mobile +358 400 455 913, erkki.jarvinen@tikkurila.com For 150 years already, Tikkurila has provided consumers and professionals with user-friendly and sustainable solutions for surface protection and decoration. Tikkurila wants to be the leading paint company in the Nordic area as well as in Russia and other selected Eastern European countries. - Tikkurila inspires you to color your life. www.tikkurilagroup.com [HUG#1655689] |
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