FINANCIAL TARGETS AND GUIDANCE
Aspo's financial goals, derived from its strategy, are based on calculations made from the company's profit-making capabilities, and they are closely interconnected. Profitability and return on equity are more important indicators for Aspo than the development of net sales, which is more susceptible to external factors.
Aspo is able to reach its operating profit target of six percent, above all, by investing in the development of its customer accounts and setting up a product and service range with a higher margin.
Aspo's objective is to reach an excellent ROE level of more than 20 percent on average.
Aspo's target in terms of gearing is at most 130 percent. The low business risks of a conglomerate are able to withstand indebtedness better than on average.
Aspo aims to reach the following financial targets IN 2023:
- Operating profit of 6% with the current structure
- Return on equity of over 20% on average
- Gearing at most 130%
Guidance for 2020
Aspo Plc withdrew its financial guidance for 2020 on April 9, 2020. Due to the effects of the coronavirus pandemic, the company estimates that it is not yet possible to make reasonable estimates and provide financial guidance based on them.
Aspo’s previous guidance for 2020 was: Aspo’s operating profit in 2020 will be higher than in 2019 (EUR 21.1 million).