Dividends

Dividend policy

Targeted dividend payout ratio averages 40%–50% of the earnings per share, taking into consideration the company's investment and development needs.

Dividend history

  2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
Dividend per share, EUR 0.66 0.60 0.57 0.56 0.46 0.44 0.38 0.34 0.42 0.42 0.38
Earnings per share*, EUR 1.65 1.28 1.21 1.19 0.87 0.92 0.74 0.35 0.74 1.05 1.00
Payout ratio 40% 47% 47% 47% 53% 42% 51% 97% 57% 40% 38%
Number of shares outstanding**, million 103.6 103.5 103.4 102.6 101.5 101.2 101.0 100.4 100.4 100.4 98.8
Total amount paid, MEUR 68.4 62.1 58.9 57.7 46.7 44.5 38.4 34.1 42.2 42.2 37.4

* Excluding NRI
** Excluding own shares