Financial Objectives

Net Sales

Target: Hexagon's target is to reach net sales of 3.5 billion EUR by the end of 2016. This target is to be achieved through a combination of organic growth, acquisitions and revenue synergies.

In 2015, operating net sales amounted to 3,044 MEUR (2,622). Organic growth amounted to 5 per cent.

Operating Margin

Target: Hexagon's target is to reach an operating margin of 25 per cent by the end of 2016.

In 2015, the operating margin amounted to 23 per cent. This is an increase of 0.8 percentage points compared to 2014.

Earnings Per Share

Target: Hexagon's target is to increase earnings per share by at least 15 per cent annually. Hexagon considers strong growth in earnings per share to be the best way to measure shareholder value.

In 2015, earnings per share increased by 26 per cent and amounted to 1.39 EUR.

Equity Ratio

Target: Hexagon's target is to have an equity ratio of at least 25 per cent. A high equity ratio is a requirement for financing acquisitions by borrowings.

At the end of 2015, the equity ratio amounted to 55 per cent.

Cash Flow

Target: Hexagon's target is to have a positive cash flow over a business cycle. A strong cash generation is necessary to pay for investments, servicing debt and paying dividends to shareholders.

In 2015, cash flow from operating activities amounted to 723 MEUR. Operating cash flow amounted to 474 MEUR.

Return on Capital Employed

Target: The long-term return on capital employed over a business cycle should amount to more than 15 per cent annually.

At the end of 2015, capital employed amounted to 6,159 MEUR. Return on average capital employed was 12 per cent.