Financial targets and
dividend distribution policy

Financial targets 

Partnera has set the following medium to long-term financial targets:

• return on equity over 10%;
• a stable dividend for shareholders; and
• the majority of assets to be invested are placed in strategic holdings.

These targets are not predictions for the future development of the company.
 

Dividend distribution policy 

The Limited Liability Companies Act states that a company may distribute dividends if, according to the last audited accounts approved by the general meeting, it has distributable assets for dividend distribution and the distribution of profits does not jeopardise the company's solvency. The Annual General Meeting decides on the distribution of dividends on the basis of a proposal from the Board of Directors. If a dividend is paid, it is normally paid once per financial year.

Partnera's goal is to distribute a stable dividend, which means a long-term average dividend of more than 50% of the group's annual result, taking into account the company's financial position, strategic objectives and overall capital allocation needs.

The effective allocation of capital to productive investments and projects is key to generating an attractive long-term return. Targeted earnings growth is the basis for dividend growth over the long term.