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Guidance over the cycle<br />
Sales<br />
EBIT margin<br />
Net result<br />
RONA<br />
Capex<br />
Dividend Policy<br />
FAK/BMK 2010 March 2011<br />
Over the cycle<br />
Sales growth of > 5%<br />
> 9% over the cycle,<br />
peak years > 12%<br />
> 6 % over the cycle,<br />
peak years > 8%<br />
peak years > 14%<br />
4 – 5 % of corporate output<br />
Target pay-out ratio of<br />
approx. 30% of net result<br />
<strong>Autoneum</strong><br />
56
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