Financial Targets

The most significant factors affecting the Group’s operating profits are changes in the external operating environment and changes in the financial situation in Finland.

Taaleri’s long-term operating profit target is at least 20 per cent of income, for return on equity in the long term at least 15 per cent, and the equity ratio target is at least 30 per cent. In addition to these, the company strives to increase the amount of dividend it distributes, and annually to distribute a competitive dividend, taking into account the company’s financial and financing situation as well as the expiry of the special permission by the Finnish Financial Supervisory Authority regarding the capital adequacy requirement.

The Group’s realised financial objectives 2017 2016 2H2017 2H2016 objective
Operating profit, EUR million 27,6 16,3 12,0 4,6 -
Operating profit, % 34,1 27,0 28,4 17,1 >20,0
Profit for the financial period, EUR million 21,8 12,8 9,3 3,6 -
Return on equity, % 21,8 13,4 18,2* 7,9* >15,0**
Equity ratio 46,3 44,0 46,3 44,0 >30,0
Conglomerate’s capital adequacy ratio, % 251,2 268,9 251,2 268,9 >150,0
Financial targets of segments          
Growth in assets under management, % 16,5 23,1 10,7* 27,5* >15,0
Growth in assets under management, % 24,7 21,9 16,8 21,6 >15,0

* annualised
** long term objective