Husqvarna Group’s target is to have a capital structure where seasonally adjusted net debt in proportion to earnings before interest, tax, depreciations and amortizations (EBITDA) is not to exceed 2.5 in the longterm.
This target for financial indebtedness may be adjusted in the event of changes to the macroeconomic situation, or allowed to deviate for a shorter period of time due to acquisitions. Dividend shall normally exceed 40% of the income for the year.
|Net pension liabilities||1,727||1,395||1,835|
|Other interest-bearing liabilities||7,396||6,952||7,504|
|Less: liquid funds and other interest-bearing assets||-2,290||-1,972||-2,105|
|Net debt 1)||6,833||6,375||7,234|
|Net debt, excluding net pension liabilities||5,106||4,980||5,399|
|1) As reported.|