Financial targets

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At the end of 2022, the Board of Directors adopted updated financial targets for the Group. The new targets are based on the targets previously set for the business units, but mean that the targets for growth and profitability for the Group are raised and clarified.

The financial targets consist of three targets for growth, profitability and dividend.

The path to achieving the profitability target is that the markets in which Ependion operates continue to be characterized by strong underlying growth, which provides good opportunities to capitalize on the business units' strong offering and premium position in terms of quality and safety. By directing the long-term focus and product mix towards niches and sub-segments with higher profitability, margins can be improved.

In 2023, despite an uncertain business environment, Ependion achieved growth above, and a margin converging on, the financial targets. Strategic change projects are ongoing in both business entities to keep improving the potential for profitable growth.