Financial objectives for 2014

Launched in December 2010, the Go to Market strategy, comprised a number of financial targets. These were based on DLH’s structure at the time as well as the expectations for economic developments in general. Since 2010, the general economic uncertainty has increased. As a consequence, a number of structural initiatives have been undertaken, including the closure and divestment of activities. DLH, therefore, has adjusted its financial objectives, cf. the table below. The Supervisory Board has decided that in the autumn of 2012, a midway evaluation of the strategy will be carried out, which could result in changes to the financial objectives below.

Financial objectives for the strategy period
	Actual 2011	Objective 2014
Annual organic growth	(6.0%)	4-6%
EBIT-margin	2.1%	> 4%
NWC/turnover	32.2%	< 25%
ROIC	5.8%	> 12%