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 2021
On August 4, Aspo Plc specified its guidance for the full year 2021 in view of market developments at the beginning of the second half and the revised market and demand outlook for businesses towards the end of the year.
Aspo 's operating profit will be approximately EUR 30-36 million (19.3 million) in 2021.
Previous guidance (issued 11 February 2021)
Aspo’s operating profit in 2021 will be higher than in 2020 (EUR 19.3 million).