Group and business area targets
Return on capital employed
TARGET
The Group’s overall profitability target is to achieve a return on capital employed of 13% over a business cycle. The target is 30% for Personal Care, 15% for Tissue and to be in the top quartile of the industry for Forest Products.
Group
13%
Personal Care
30%
Tissue
15%
Forest Products
Top quartile of the industry
OUTCOME 2015
Group
12%
Personal Care
29%
Tissue
13%
Forest Products
7%
The Group’s return on capital employed, excluding items affecting comparability, was 12%. The return on capital employed, excluding items affecting comparability, was 29% for Personal Care and 13% for Tissue. The return on capital employed, excluding items affecting comparability, for Forest Products was 7%.
Growth
TARGET
SCA’s target for annual organic sales growth for Personal Care is 5–7%, while the target for Tissue is 3–4%. For Forest Products, the target is to grow in line with the market.
Personal Care
5–7%
Tissue
3–4%
Forest Products
Grow in line with the market
OUTCOME 2015
Group
5%
Personal Care
7%
Tissue
5%
Forest Products
3%
The Group’s organic sales growth amounted to 5%. Organic sales growth was 7% for Personal Care and 5% for Tissue. Organic sales growth for Forest Products amounted to 3%.
Capital structure
TARGET
SCA’s target is to have an effective capital structure at the same time that the long-term access to debt financing is ensured. Cash flow in relation to net debt shall take into account the target to maintain a solid investment grade rating.
OUTCOME 2015
SCA had a solid investment grade rating.