In accordance with the company's strategy, Beijer Ref has set the following long-term financial and non-financial goals.
Grow more quickly than the market
Beijer Ref aims to grow at a higher
rate than the market. In 2022,
growth was 33.9% (20.2), of which
16.4% was organic growth (14.4).
Overall growth has averaged 19.0% over the past five years.
Return on operating capital shall be at least 12%
Return on operating capital must amount to at least 12%. This gives the business stability and preparedness for possible changes in the outside world. Over the past five
years, Beijer Ref’s average return
Equity/assets ratio of at least 30%
The equity ratio in the group must amount to at least 30%. During the last five-year period, the average equity ratio has been 36.5%.
Distribute more than 30% of the profit after tax
Beijer Ref aims to distribute more
than 30% of profit after tax. A good
return on invested capital contributes to a stable ownership structure. Over the past five years, the
average dividend payout ratio has
Sales of self-manufactured products will increase
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
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
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
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
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%
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.