In light of the Group’s greater focus on capital efficiency, SCA has set the target for ROCE at a Group and business area level. Assuming that the capital markets and economy stabilise, the Group shall achieve a return on capital employed of 13%, which is the target for average annual return over an economic cycle.
Table
| Financial targets | | Outcome 2011 | | |
|---|
| Annual organic growth in % | ROCE in % | Growth in % 1) | ROCE in % | Operating margin in % |
|---|
Group | | 13 | | 9 2) | 9 2) |
|---|
| 5 - 7 | 30 | 5 | 24 | 11 |
|---|
| 3 - 4 | 13 | 4 | 9 | 8 |
|---|
Packaging | | 10 | 8 | 9 | 7 |
|---|
Forest Products | | 11 | 1 | 6 | 12 |
|---|
1) Excluding exchange rate effects
2) Excluding items affecting comparability