Nordic Waterproofing’s board of directors has adopted the following financial targets and dividend policy.
SALES GROWTH
Nordic Waterproofing’s goal is to exceed the growth experienced in the Group’s current markets through organic growth. In addition, the Group expects to grow through selective acquisitions.
PROFITABILITY >13%
Generate a return on capital employed (ROCE) exceeding 13 percent.
CAPITAL STRUCTURE <3.0 X
Net debt/EBITDA multiple, Net debt in relation to EBITDA (R12M basis) shall not exceed a multiple of 3.
DIVIDEND POLICY >50%
The dividend policy states an annual dividend exceeding 50 percent of the net profit. The proposed dividend will be based on the Group’s financial position, investment needs, liquidity position, as well as general economic and business conditions.
