Financial targets and achievements

Wärtsilä’s target is to improve its financial performance and create added value for its stakeholders and society. Wärtsilä’s financial goal is to offer investors a competitive return on their investment through profitable growth.

Net sales target	Development	Graph
Our target is to grow faster than global GDP.	In 2013, Wärtsilä's net sales decreased by 1% to EUR 4,654 million. Wärtsilä's CAGR 2003-2013 was 8%.
Profitability target	Development	Graph
Our operating profit margin (EBIT%) target is 14% at the peak of the cycle. At the trough of the cycle, our target is to keep the operating profit margin above 10%.	In 2013, our operating profit was EUR 520 million, 11.2% of net sales.
Capital structure target	Development	Graph
Our target is to maintain gearing below 0.50.	In 2013, our gearing was 0.15.
Dividend target	Development	Graph
Our target is to pay a dividend equivalent to 50% of earnings.	The Board of Directors proposes that a dividend of 1.05 euro per share be paid for the financial year 2013, which represents 53% of of operational earnings.