Financial targets

Alma Media's long-term financial targets are as follows:

  • annual growth in the digital business over 15%
  • return on investment (ROI) over 15% per year
  • dividend over 50% of earnings per share 
Alma Media's financial targets Target level 2012 2013  2014 20152016
Digital business growth, %  > 15% 36.8% 8.4% 11.9% 10.4%27,9%
Return of Investment (ROI), % > 15% 13.8% 10.0% 9.8% 6,9%10.1%
Dividend payout ratio* > 50% 45% 50% 63% 92%78%

*Includes repayment of capital to shareholders.