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Measuring Our Progress
Our strategy is balanced across our four key strategic priorities: to delight our customers, to realise the potential of our people, to double our size and profitability, and to lead the way in sustainability.
Strategy and Key Performance Indicators
- To delight our customers
- To realise the potential of our people
- To lead the way in sustainability
- To double the size and profitability of the business
To delight our customers
On-time, in-full delivery (OTIF)
Definition: Proportion of orders fulfilled on-time, in-full, across all businesses.
To realise the potential of our people
Accident Frequency Rate (AFR)
Definition: The number of lost-time accidents (LTAs) per million hours worked.
To lead the way in sustainability
CO2 equivalent emissions
Definition: Total CO2 equivalent (CO2e ) emissions per tonne of production.
To double the size and profitability of the business
Like-for-like corrugated volume growth
........ Weighted GDP +1% target
Definition: Like-for-like volume of corrugated box products sold (excluding the effect of acquisitions and disposals) measured by area.
Return on sales
Definition: Earnings before interest, tax, amortisation and exceptional items as a percentage of revenue.
Return on average capital employed (ROACE)
Definition: Earnings before interest, tax, amortisation and exceptional items as a percentage of average capital employed, including goodwill, over the prior 12 month period.
Net debt/EBITDA
Definition: Net debt calculated at average FX rates for the year, over earnings before interest, tax, depreciation, amortisation and exceptional items for the preceding 12 month period.
Cash conversion
Definition: Free cash flow before tax, net interest, growth capex, pension payments and exceptional cash flows as a percentage of earnings before interest, tax, amortisation and exceptional items.