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An extraordinary general meeting decided on new financial targets for Vattenfall, including a change in Vattenfall’s profitability target. The review is a result of a change in market conditions as the renewable energy market has matured considerably.

This has resulted in lower risks and in turn a lower and more stable financial return. The new financial targets will replace the old targets set in November 2012. The new financial targets (old targets within brackets) are:

Capital structure:

  • FFO/adjusted net debt of 22–27 per cent (22-30).
  • Net debt/equity ratio is removed (50-90 per cent).

Profitability target:

  • Return on capital employed of 8 per cent (9).

Dividend policy:

  • The dividend should amount to 40–70 per cent of profit after tax (40-60). 
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