Borregaard announced the following updated financial objectives at the Capital Markets Day in September 2020:
- Return on capital employed1 (ROCE) above 15% pre-tax over a business cycle
- Internal rate of return (IRR) above 15% pre-tax for expansion investments
- Average net working capital at 20% of operating revenues
- Replacement investments at depreciation level
- Leverage ratio1 between 1.0 and 2.25 over time to maintain "investment grade" credit quality
1Alternative performance measures, see Annual Report for 2020 page 142 for definition