Finnish steelmaker Ruukki has revealed its financial targets and announced that it will focus on growing in emerging markets. The company said that in a few years half of its sales should be created by these markets, increasing from around 20 percent now.
The company aims for growth in the share of the solutions businesses, namely construction and engineering, to 60 percent of consolidated net sales. It seeks to raise the share of special steel products to 60 percent of the company's steel business and strengthen market position in all core businesses.
Ruuki said its financial targets have not changed; sales growth of more than 10 percent and comparable operating profit of more than 15 percent of net sales. It also said the dividend payout would be 40-60 percent of profit.