Search glas

Five strategic focus areas

Five strategic focus areas

Beijer Ref has a clear goal – to strengthen our position as a world-leading player. To achieve this goal, Beijer Ref needs to grow faster than the market.

We therefore work according to a strategy that is divided into five focus areas – acquisitions, OEM, supply chain, digitalisation and sustainability.



Original Equipment Manufacturing (OEM)


Supply Chain


In accordance with the company's strategy, Beijer Ref has set the following long-term financial and non-financial goals.

Financial goals
Sales growth of 10-15% annually
EBITA margin of 10-12%
Capital efficiency
Return on Operating Capital (ROOC*) shall amount to at least 12%. *R12 EBITA excluding items comparability in relation to average operating capital over the last four quarters.
Capital structure
Net debt shall not exceed 3 x EBITDA over time, excluding the impact of IFRS 16 and pension debt
Dividend policy
Aim to distribute at least 30% of net profit after tax
Non-financial goals
Green products
Sales of self-manufactured products will increase
Read more
The goal is to increase sales of self-manufactured products suitable for refrigerants with low GWP below 150 to more than 50% of total OEM sales by the end of 2023. Today, the proportion is 32% (27). The company expects to gradually increase this proportion as demand for refrigeration systems with environmentally-friendly refrigerants increases.
Sharing green knowledge
A total of six academies are established in 2023
Read more
Beijer Ref Academy is a good concept for spreading knowledge about green technology to the group’s customers and suppliers and the ambition is to open more academies in the coming years. The goal is to have a total of six academies established by 2023. In 2020, the Group had three academies, the largest of which are located in Padua, Italy and Lyon, France.
Responsible supply chain
Clear agreements with suppliers
Read more
The goal is to have a signed code of conduct for the 100 largest suppliers and to have an ongoing process and dialogue to follow up the code. The goal has been achieved, but the process of following up remains to be implemented.
Business ethics and anti-corruption
All employees will undergo training in 2023
Read more
The goal is for all employees to undergo training in business ethics and anti-corruption by the end of 2023. So far, more than 90% of employees have completed the training.
Equal work place
Higher proportion of women in all positions in the company
Read more
The goal is a more equal group with a higher proportion of women in all positions. Today, about 24% (20) of the company’s employees are women. In the management teams in the group, 17% are women.
Safe and healthy workplace
Sick leave must be below 5%
Read more
In order to meet the goal of a healthy and safe workplace, the goal is to have sickness absences below 5%. In 2022, sickness absences amounted to 3.1% (2.4). The company will also offer all white collar workers development interviews and that this shall be fully implemented by 2022.