Long-term financial targets


Our long-term financial targets were introduced at our Capital Markets Day on 18 January 2023. 

For the FY2026, we expect to deliver:


  • 13-15% EBITA margin in Mining
  • ~8% EBITA margin in Cement

Capital structure targets


Our capital allocation is focused on having a strong balance sheet while allowing for growth investments and value-adding M&A. Excess cash may be distributed either via extraordinary dividends or share buyback programmes. 


Leverage (NIBD/EBITDA)   < 2
Dividend ratio   30 - 50 % of net profit 


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