Our targets

With a set of well-defined financial and strategic targets, Nordic Waterproofing seeks to demonstrate how the Group generates value for its various stakeholders over time. These targets are well-supported and integrated into the business units of the decentralized organization.

The following targets are linked to the Group’s strategies:


Sales growth
Nordic Waterproofing’s goal is to exceed the growth experienced in the Group’s current markets through organic growth. In addition, the Group expects to grow through selective acquisitions.

Profitability >13 %
Nordic Waterproofing’s goal is to generate a return on capital employed (ROCE) exceeding 13 percent.

Capital structure <3.0 x
Net debt in relation to EBITDA before items affecting comparability (R12M basis), shall not exceed a multiple of 3.0 at year end.

Dividend policy >50 %
Nordic Waterproofing aims to pay an annual dividend exceeding 50 percent of its net profit. The proposed dividend will be based on the Group’s financial position, investment needs, liquidity position, as well as general economic and business conditions.


Apart from a set of well-defined financial and operational targets, Nordic Waterproofing seeks to generate value for its various stakeholders over time through the following strategic targets:

  • Forward integration to increase exposure to end customers
  • Enhance our product and service offering for our existing customers
  • Apply geographic leverage to newly acquired product and service categories
  • Benefit from mega trends in the construction industry: sustainable building solutions, energy efficiency, renewable energy sources, and site efficiency through increased exposure to prefabrication.

By widening and enhancing our products and services with new product categories, we foresee that the Group will increasingly become a one stop shop opportunity for customers seeking comprehensive solutions for building and infrastructure protection.

We intend to maintain our focus on small to medium sized companies presenting good synergistic potential with our existing businesses.