Finnish engineering giant Valmet is presenting a new strategy and new financial targets for 2030.

The new strategy, "Lead the Way," is based on four principles (customer success, lifecycle commitment, global competitiveness, and responsibility) and a smaller number of more ambitious initiatives than before.

"The new operating model simplifies our structure, strengthens our cost competitiveness, and increases accountability," Valmet writes.

As for the 2030 targets, the company aims to achieve organic net sales growth of 5 percent over the cycle (previously: more than twice the market growth or exceed market growth), a comparable EBITA margin of 15 percent (previously 12-14 percent), a comparable return on capital employed before taxes of 20 percent (previously: at least 15 percent) and a debt ratio of less than 50 percent (new target).

The new strategy and financial targets are being presented in connection with Valmet's Capital Markets Day on Thursday.