Financial targets

Taaleri’s Board of Directors has confirmed at least 20 percent of income as the new target for operating profit. Financial targets related to growth are growth of more than 15 percent per annum in assets under management for the Wealth Management segment and growth of more than 15 percent per annum in gross premiums written for the Financing segment. Taaleri’s target for return on equity over a long period is more than 15 percent and equity ratio is at least 30 percent. In addition to these, the company is endeavouring 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 and the capital adequacy requirements, and future investment plans.

 

Consolidated Financial Targets 2017 H1 2016 Target 2017

Target 2016

Operating Profit, Meur

15,6 16,3 - -

Operating Profit, %

40,3 27,0 >20,0

>15,0

Profit after taxes, Meur

12,5

12,8

-

-

Return on Equity, %

26,2

13,4

>15,0*

>15,0*

Equity Ratio, %

46,7

44,0

>30,0

>30,0

Conglomerate's Capital Adequancy, % 272,9 268,9 >150,0 >150,0

*long term objective