Average annual growth in sales over a business cycle should be no less than 10 percent.
The goal is to be attained through organic growth and acquisitions. Sales growth has averaged 9.4 percent per year over the past ten years. Growth is to be achieved via product development and increased market shares, as well as by expanding the product range through acquisitions or start-ups.
Net sales for the financial year 2022/2023 increased by 25.1%
The average operating margin over a business cycle should be no less than 10 percent.
The operating margin has averaged 6.6 percent over the past ten years and 6.8 percent over the past five years. In the Company’s view, the current restructuring measures, existing structure and product program in general offer good prospects for attaining this goal.
The operating margin for the financial year 2022/2023 was 8.0%
The Group’s equity/assets ratio should be no less than 30 percent.
Systemair’s financial position is good. The equity/assets ratio on 30 April 2022 was 45.5 percent. The Company continually assesses opportunities for strategic acquisitions and our financial position allows scope for further acquisitions and investments.
The equity/assets ratio for the financial year 2022/23 was 54.5%
In view of Systemair’s ambitions for growth, the goal for dividend is set at around 40 percent of the Company’s profit after tax.
The AGM determines the dividend to be paid, having considered the Board’s recommendation. The aim is to secure a stable financial position for continued acquisitions, the establishment of sales companies and progressive expansion of production capacity. At the same time, shareholders should receive a reasonable share of the Company’s annual earnings.
38%The Annual General Meeting held on 31 August 2023 decided on a dividend of 1.10 SEK (0.90) per share. This corresponds to 38 (34) percent of the profit after tax.