Financial Targets

JM's financial targets are defined based on segment reporting and aim to provide balanced support for the long-term financial development within the Group and at the same time be adapted to the cyclical nature of the business.

Margin

Operating margin should average 12 percent over a business cycle.

Return on capital

Return on capital employed should average more than 20 percent over a business cycle.

Growth

Long-term growth with an average annual increase of 4 percent in the number of housing starts, based on 3,800 housing starts.