Financial targets and Dividend Policy

NCC has established the following financial targets at Group level

NCC focus to improve and sustain a long term profitability.

  • Earnings per share - SEK 16 in earnings per share by 2023
  • Net debt/EBITDA* - Net debt: <2.5 times EBITDA
  • Dividend policy - ≥40 percent of after-tax profit is to be distributed to shareholders.

*Net debt excludes pension debt and lease liability. EBITDA refers to operating profit according to the income statement, with reversal of depreciation and impairment losses.

Profitability and return objectives per Business Area

The following apply to the three business and business areas:

  • Industry (NCC Industry)
    is to achieve an operating margin of at least 4 percent and an average annual return on capital employed of at least 10 percent during the strategy period.
  • Construction and civil engineering (NCC Building and NCC Infrastructure)
    are to achieve an operating margin of at least 3.5 percent per year.

  • Development (NCC Property Development)
    is to achieve an operating margin of at least 10 percent and an average annual return on capital employed of at least 10 percent during the strategy period.
Maria Grimberg, Head of Communication. Photo/illustration: Joakim Kröger
Maria Grimberg

Head of Communication, NCC Group