Financial information
The goal is to exceed the average long-term yield of the NASDAQ OMX Helsinki Small Cap Index.
Formation of financial result & profit sharing
Formation of financial result and profit sharing
Annual profit from the annual financial result of the Group companies, distributed in accordance with ownership of shares. Yields are generated from the realization of change in value in connection with divestment.
| 2023 | 2022 | 2021 | 2020 | 2019 | ||
| Profit/loss from continuing operations | -3 642 | 3 570 | -42 | -3 028 | 387 | |
| Profit/loss from discontinued operations | 0 | 366 | -918 | -410 | 2 146 | |
| Profit/loss in the financial period | -3 642 | 3 956 | -959 | -3 438 | 2 533 | |
| Profit/loss to the shareholders of the parent Company | -2 875 | 1 331 | -1 700 | -4 351 | 1 640 |
Our policy on profit distribution
Panostaja’s distribution of profits reflects the development of the Group’s result in the long term, and the primary aim is to ensure the continuity of the Group’s investment activity, after which it will be possible to distribute at least half of the annual consolidated profit targeted at the parent company shareholders, either as dividends, capital repayments or the repurchase of shares.
| 2023 | 2022 | 2021 | 2020 | 2019 | ||||
| Dividend per share | 0,03 | 0,03 + additional dividend 0,05 = 0,08 | 0,03 | 0,05 + additional dividend 0,03 = 0,08 | ||||
| Capital repayment per share |
Financial objectives
Panostaja Group’s long-term financial goals are as follows:
- In a normal situation, the parent company’s financial structure is debt-free. The parent company may incur debts temporarily to fund corporate acquisitions between divestments.
* - Return on equity is at least 15%, with the objective for the IRR (internal rate of return) being more than 22% for each investment target.
* - Equity ratio is at least 40% (previously 40%, when subordinated loans are included in equity).
* - Panostaja’s objective is the constant increase of shareholder and market value so that the overall yield of shares exceeds the average long-term yield of the Nasdaq OMX Helsinki Small Cap Index.
* - Distribution of profits reflects the development of the Group’s result in the long term, and the primary aim is to ensure the continuity of the Group’s investment activity, after which it will be possible to distribute at least half of the annual consolidated profit targeted at the parent company shareholders, either as dividends, capital repayments or the repurchase of shares.