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     309  0 Kommentare Valmet's strategy and financial targets unchanged and reconfirmed by the Board of Directors

    Valmet Corporation's stock exchange release on July 31, 2014 at 3:15 p.m. EET

    Valmet's strategy and financial targets, which were announced on September 3, 2013, have been reconfirmed by Valmet's Board of Directors, and thus remain unchanged.

    Strategy

    Valmet will focus on delivering technology and services globally to industries that use bio-based raw materials. Valmet's vision is to become the global champion in serving its customers, and its mission is to convert renewable resources into sustainable results.

    Valmet's main customer industries are pulp, paper, and energy. All of these are major global industries that offer growth potential for the future. Valmet will complement its core business by applying its technology and know-how to industries beyond biomass, particularly in the energy sector.

    Valmet's product and service portfolio consists of productivity-enhancing services, plant upgrades and rebuilds, new cost-efficient equipment and solutions for optimizing energy and raw material usage, and technologies increasing the value of its customers' end-products.

    Valmet continues to seek to achieve its strategic targets by pursuing the following Must-Win initiatives: customer excellence, leader in technology and innovation, excellence in processes, and winning team.

    Financial targets

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    Valmet's financial targets are the following:

    • Net sales growth to exceed market growth 
       
    • EBITA before non-recurring items: 6-9%
       
    • Return on capital employed (pre-tax), ROCE: minimum of 15%
       
    • Dividend payout at least 40% of net profit

                 
    Comment from Pasi Laine, President and CEO of Valmet Corporation:

    "We continue with the strategy and financial targets we set up in September, 2013. Valmet's strategy is clear and well-defined, and our Must-Wins focus on the right areas. The focus of the management continues to be on reaching the financial targets and on the further development of our position as a leading, global services and technology provider for pulp, paper and energy industries," says Pasi Laine, President and CEO of Valmet Corporation.

    Further information, please contact:
    Pasi Laine, President and CEO, Valmet Corporation, tel. +358 10 672 0001
    Markku Honkasalo, Chief Financial Officer, Valmet Corporation, tel. +358 10 672 0008

    For investors and analysts: Hanna-Maria Heikkinen, VP, Investor Relations, Valmet Corporation, tel. +358 10 672 0007

    VALMET CORPORATION

    Markku Honkasalo
    CFO

    Hanna-Maria Heikkinen
    VP, Investor Relations

    Valmet Corporation is a leading global developer and supplier of services and technologies for the pulp, paper and energy industries. Our 11,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day.

    Valmet's services cover everything from maintenance outsourcing to mill and plant improvements and spare parts. Our strong technology offering includes entire pulp mills, tissue, board and paper production lines, as well as power plants for bio-energy production.

    The company has over 200 years of industrial history and was reborn through the demerger of the pulp, paper and power businesses from Metso Group in December 2013. Valmet's net sales in 2013 were approximately EUR 2.6 billion. Valmet's objective is to become the global champion in serving its customers.

    Valmet's head office is in Espoo, Finland and its shares are listed on the NASDAQ OMX Helsinki Ltd.

    Read more www.valmet.com , www.twitter.com/valmetglobal




    This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
    The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
    Source: Valmet Corporation via Globenewswire

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    Valmet's strategy and financial targets unchanged and reconfirmed by the Board of Directors Valmet Corporation's stock exchange release on July 31, 2014 at 3:15 p.m. EET Valmet's strategy and financial targets, which were announced on September 3, 2013, have been reconfirmed by Valmet's Board of Directors, and thus remain unchanged. …