Outlook 2016

Read the entire Management report in the quarterly reports and our annual reports
Previous statements on outlook and goals are found in the Archive

Outlook for 2016

Outlook for 2016 published in the First 3 quarters report of 2016, 17 November 2016

Outlook for the Full Year 2016 maintained

  • For the full year, the Group’s net sales are still expected to show a small positive organic growth in local currencies.
  • EBIT margin excluding redundancy costs related to the Business Transformation Program is still expected to be around 10%.
  • Investment expenditure expectation for 2016 remains unchanged at around EUR 130 million excluding acquisitions.

2016 outlook overview

26 February 201619 May 201625 August 201617 November 2016
Net salesSlight positive growth in local currenciesSmall positive growth in local currenciesSmall positive organic growth in local currenciesSmall positive organic growth in local currencies
EBIT margin excluding redundancy costs related to the Business Transformation ProgrammeAbove 8.5%Above 9.0%

Around 10.0%

Around 10%
Investments excluding acquisitionsAround  EUR 130 millionAround  EUR 130 millionAround  EUR 130 millionAround  EUR 130 million