Financial Information
Financial Goals
The Exel Composites Board of Directors has redefined in a Board meeting held on 25 October 2011 the Group strategy. The financial goals over a business cycle remained unchanged:
Growth
- The objective is that Exel Composites Group's average organic growth annually exceeds market growth of the industry. Growth through acquisitions is part of Exel Composites' strategy
Operating profit
- Exel Composites' target is the operating profit to exceed 10 per cent of net sales
Dividend policy
- Exel Composites aims to distribute at least 40 per cent of net income in dividends, as permitted by the financial structure and growth opportunities.