Financial targets

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

  • annual growth in the digital business over 12%
  • return on investment (ROI) over 17% per year
  • dividend over 50% of earnings per share 
Alma Media's financial targets Target level 2013  2014 201520162017
Digital business growth, %  > 12% 8.4% 11.9% 10.4%27,9%17%
Return of Investment (ROI), % > 17% 10.0% 9.8% 6,9%10.1%18%
Dividend payout ratio* > 50% 50% 63% 92%78%62%

*Includes repayment of capital to shareholders.
** Alma Media updated its long-term financial targets on December 3, 2018.