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2010-11-24 15:50:00 CET 2010-11-24 15:51:12 CET REGULATED INFORMATION Oriola-KD Oyj - Company AnnouncementOriola-KD's long term targets and dividend policyOriola-KD Corporation Stock Exchange Release 24 November 2010 at 4.50 p.m. The Board of Directors of Oriola-KD Corporation has confirmed the long-term targets and dividend policy of the Oriola-KD Group. The targets are based on growth, profitability (ROE) and balance sheet figures. The new long term targets and dividend policy replace the targets and dividend policy published on 1 November 2006. Oriola-KD's new long term targets and dividend policy are: Growth * To grow faster than the relevant markets Profitability * ROE (Return on Equity) target is over 15 per cent Balance sheet * Long-term average gearing ratio target is between 40 - 60 per cent Dividend policy * Oriola-KD will seek to pay out annually as dividends approximately 50 per cent of earnings per share * The Company's strategy and financial position shall be taken into consideration when determining the annual dividend payout ratio Oriola-KD Corporation Eero Hautaniemi President and CEO Kimmo Virtanen Executive Vice President and CFO Further information: Eero Hautaniemi President and CEO tel. +358 (0)10 429 2109 e-mail: eero.hautaniemi@oriola-kd.com Kimmo Virtanen Executive Vice President and CFO tel. +358 (0)10 429 2069 e-mail: kimmo.virtanen@oriola-kd.com Pellervo Hämäläinen Vice President, Communications and Investor Relations tel. +358 (0)10 429 2497 e-mail: pellervo.hamalainen@oriola-kd.com Distribution NASDAQ OMX Helsinki Ltd Principal media Published by: Oriola-KD Corporation Corporate Communications Orionintie 5 FI-02200 Espoo, Finland www.oriola-kd.com [HUG#1465321] |
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