Long-term financial targets

Sandvik has long-term financial targets focusing on growth, profitability, dividend and financial position.

Growth: 7%

A growth of 7% through a business cycle, organically and through acquisitions, in fixed currency

Adjusted EBITA range: 20–22%

An adjusted EBITA range of 20–22% through a business cycle, adjusted for IAC

Financial net debt/EBITDA: <1.5

A net debt/EBITDA <1.5, excluding transformational acquisitions

Dividend payout ratio: 50%

A dividend payout ratio of 50% of EPS through a business cycle, adjusted for IAC