Systemair Corporate
Search
back

Financial targets

Growth

Goal

To achieve average annual growth of at least 10% in sales over a business cycle.

10%

 

Description

The goal includes both organic and acquired growth. Sales growth has averaged 9.8 percent per year over the past ten years while organic growth for several years has been between 4-8 percent. Growth will be achieved through continued product development and increased market processing, as well as continued acquisitions or start-ups. We have intensified our focus on profitable growth. Acquired businesses must deliver a positive contribution from the start.

 

Achievement

Net sales for the financial year increased by 14 percent.

 

Profitability

Goal

To achieve an average operating margin of no less than 10% over a business cycle.

10%

 

 

Description

The operating margin has averaged 7.1 percent over the past ten years and 5.9 percent over the past five years. In the Company’s view, the current restructuring measures, the existing structure and product programme in general offers excellent prospects for attaining this goal. We are focusing on maximising our acquired and geographical synergies in order to attain our goal of 10 percent profitability.

 

Achievement

Operating margin, 6.3%

 

Financial position

Goal

The Group’s equity/assets ratio should be no less than 30%.

30%

 

Description

The Group’s financial position is good. The equity/assets ratio on 30 April 2019 was 41.7 percent. The Company continually assesses opportunities for strategically favourable acquisitions and our financial position allows scope for further acquisitions and investments.

 

Achievement

Equity/assets ratio, 41.7%

 

Dividend policy

Goal

Given Systemair’s ambitions for growth, the goal for a dividend is set at around 40 percent of the Company’s profit after tax.

40%

 

 

Description

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.

 

Achievement

The Board of Directors proposes a dividend of SEK 2.00 (2.00) per share, for approval by the Annual General Meeting to be held in Skinnskatteberg on 29 August 2019. This corresponds to 32 percent (45) of profit after tax.

Diversity and equal opportunity

Goal

To have women serving in 25 percent of managerial roles by 2025.

25%

 

 

Description

Systemair has long promoted equal opportunity and has set a goal for the proportion of women serving in managerial roles. To attain that goal demands commitment not only at recruitment but also via continued support for internal career development for our women employees at all levels of the Company. One way that we will be engaging in this over the next two years will be via a programme to develop young talents, in which equal opportunity among participants will be an important aspect.

 

Achievement

Women in mangerial roles, 20%

Safe work environment

Goal

To totally eliminate the number of occupational injuries.

0

 

 

Description

The goal for occupational injuries can never be anything other than 0. During the year, we introduced a new process and new tools for effective reporting of occupational injuries, near-accidents and risks. This provides us with important information for a systematic and proactive focus on the goal of eliminating occupational injuries. The new way of working has so far been introduced in 23 of 27 production units. As a result, the number of occupational injuries and work-related sickness absences in previous years are not comparable with figures for the past year. As improved reporting is introduced at all production units, it is also likely that in the short term we will see a rise in the number of reported occupational injuries and workrelated sickness absences.

 

Achievement

Work-related sickness absences; 90

 

Follow us on our social channels