Financial Information

Financial Goals

The Exel Board of Directors has approved in a board meeting held on 12 February 2009 revised long-term financial targets over a business cycle. The Group's new financial targets are as follows:

Growth

• The objective is that Exel Group's average organic growth annually exceeds market growth of the industry. Growth through acquisitions is part of Exel's strategy 

Operating profit

• Exel's target is the operating profit to exceed 1o per cent of net sales 

Dividend policy

• Exel aims to distribute 40 per cent of net income in dividends, as permitted by the financial structure and growth opportunities.