Konecranes updated its financial targets, including dividend policy, with more details in the press release and on the Oct 23 CMD
Net sales growth of 7% (CAGR1) (previously: net sales growth faster than the market)
Comparable EBITA margin of 15-17%, by 2030 at the latest (previously 13-16%)
Capital allocation and updated dividend policy
Konecranes’ use of capital reflects its targeted faster growth and long-term value creation for shareholders. The company aims to maintain a strong financial position and reiterates its target of a gearing of maximum 80%.
As part of normal business operations, Konecranes ensures that it invests sufficient funds in its own operations, technological capabilities, and innovation.
Konecranes is updating its dividend policy to tie it more closely to its earnings performance. According to the updated dividend policy, the target is a 40-60% payout ratio over the cycle, excluding exceptional gains or losses. Under the previous dividend policy, the company aimed to pay a stable or growing dividend over the cycle.
Konecranes aims to increase the use of capital for M&A.
After funding innovations, investments, dividends, and organic and inorganic growth initiatives, the company will distribute excess capital to shareholders via share buybacks.
Inside information: Konecranes updates its financial targets and dividend policy as part of its strategy for faster growth | Stock exchange releases | Konecranes Finland Sisäpiiritieto: Konecranes päivittää taloudelliset tavoitteensa ja osinkopolitiikan osana nopeamman kasvun strategiaa | Stock exchange releases | Konecranes Suomi