Financial Targets

Taaleri’s long-term operating profit target is at least 20 per cent of income, its long-term return on equity target is at least 15 per cent, and its long-term equity ratio target is at least 30 per cent. 

The company strives to increase the amount of dividend it distributes, and to annually distribute a competitive dividend, with consideration to the company's financial and financing situation as well as the Group's capital  adequacy requirement.

Group key figures H1/2019 1H1/2018 2018 Long-term target
Earnings key figures          
Continuing earnind, MEUR 24.5 26.9 52.0  
Income, MEUR 30.9 35.2 72.5  
Operating profit, MEUR    6.4 12.4 23.9  
Operating profit, %  20.6 35.1 33.0 >20.0
Profit for the period, MEUR   4.8 9.4 21.6  
Return on equity *, %  8.0 17.4 18.9 >15.0
         
Balance sheet key figures         
Equity ratio, %  48.9 48.3 51.4 >30.0
Group’s capital adequacy ratio, %   194.6 178.1 186.0  
         
Per share key figures         
Earnings/share, EUR  0.18 0.32 0.76  
Equity/share, EUR  4.22 3.84 4.26  
Share closing price, EUR  7.00 10.00 7.10  
         
Share closing price, EUR         
Cost/income ratio  79.5 65.1 67.0  
Average full-time employees 185 177 183  
Market capitalization MEUR  198.1 283.1 201.0  
Assets under management  BEUR   6.6 6.0 5.7  
Guaranty insurance portfolio, BEUR 1.6 1.6 1.7  

* annualized

Income statement items are compared with figures for the corresponding period last year. The balance sheet is compared to the situation at the end of 2018, unless otherwise stated.