| Year | Percent |
|---|---|
| 2020: 3% | 3 |
| 2021: 8% | 8 |
| 2022: 18% | 18 |
| 2023: 2% | 2 |
| 2024: 8% | 8 |
Financial targets
Billerud has financial targets for growth and profitability, coupled with principles governing the company’s indebtedness and dividends to shareholders.
See also: Financial data and key figures
The return on capital employed in 2024 was 8% which was a below-target performance. The improvement compared with 2023 was a result of the increased operating profit.
11
Target >11%
8
Outcome 2024: 8%
The EBITDA margin in 2024 was 12%, an increase from 2023 but below the level that is targeted to be achieved over a business cycle. The EBITDA margin in both regions improved.
15
Target >15%
12
Outcome 2024: 12%
The cash conversion in 2024 was 56% so the target was not achieved. The cash flow from operating activities declined due to negative changes in working capital.
80
Target: >80%
56
Outcome 2024: 56%
The interest-bearing net debt to EBITDA ratio was 1.0 at year-end 2024, which means that the target level was met by a good margin.
2.5
Target < 2.5
1.0
Outcome 2024: 1.0
The proposed dividend for 2024 of SEK 3.50 corresponds to 50% of the net profit and 56% of the adjusted net profit. The target was thus fulfilled.
50
Target >50%
50
Outcome 2024: 50%