Financial targets show what ‘good’ looks like
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Nordea On Your Mind Financial targets show what ‘good’ looks like 03-10-2023 For a corporate perspective on the importance of financial targets, Nordea’s Johan Trocmé talks to Niclas Rosenlew, CFO of leading global bearing maker SKF. In conversation with Nordea On Your Mind autho
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The Nordea podcast discusses whether the omission of targets in financial performance bolsters accountability or diminishes it, suggesting a nuanced view on corporate transparency and value creation. Per the full note [source], the analysis spans targets utilized by Nordic corporations from 2007 to 2022, which hints at the evolving landscape faced by businesses in a more turbulent market environment. This conversation underscores the increasing relevance of accountability in performance metrics, particularly in volatile economic climates characterized by inflationary pressures and geopolitical uncertainties. As we progress through the year, the implications of these insights may affect market positioning and trading strategies, especially around major firms adjusting to new target practices.
Cash flow must be sufficiently good every year, and better in the good years
Having no targets sends a weak signal
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