| ROCE, % |
12 |
14.8 |
11.6 |
12.1 |
15.0 |
|---|
| ROE, % |
14 |
19.7 |
15.7 |
16.0 |
18.7 |
|---|
| Capital structure, Comparable net debt/EBITDA |
3*) |
3.0 |
2.8 |
2.5 |
2.6 |
|---|
*) Fortum adjusted its net debt/EBITDA target to be around 3x in September 2010. The earlier target was a range of 3.0x to 3.5x.
Dividend policy
Fortum Corporation's dividend policy states that the company aims to pay a divedend which corresponds to an average payout ratio of 50% to 60%.