• Overview
• Strategy
• Mission, Vision and Strategy
• Strategic steps
• Values
• Financial targets
• Prospects
• Market outlook
• Board and Management
• Board of Directors
• Board of Management
• Corporate Management
• Risk Management
• Holdings
• History
• Contact information

Financial targets

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 2011, Wärtsilä’s net sales decreased 7.6% to EUR 4,209 million. Wärtsilä’s CAGR 2000-2011 was 5.7%. In the WEO January 2012 report, economic growth is estimated to be 3.3% in 2012. Wärstilä estimates that its net sales will grow 5-10% in 2012.
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 2011, our operating profit was EUR 469 million, 11.1% of net sales.
Capital structure target	Development	Graph
Our target is to maintain gearing below 0.50.	In 2011, our gearing was 0.04.
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 0.90 euro per share be paid for the financial year 2011.