Latest Annual Report highlights
Continuing to shape the future
“We can look back at yet another year with record orders, revenues and operating profit. This is the result of our continuous focus on improving our customers’ technologies and processes, and on driving development forward. Looking ahead, we will continue to work together with our customers to develop new products and solutions to their challenges, but also to the challenges society faces.
2023 marks the 150th anniversary for the Group. In 1873 the world was a very different place, and it is quite amazing that we have not only evolved into a global Group present in so many industries, but also how we continue to build for the future. Together with our customers, and by always focusing on what brings them value, we develop new products that meet the ever-increasing standards we set for ourselves: on how we use natural resources, on safety, ergonomics, and productivity. I would like to highlight our people who every day look for better ways and continue to work together with our customers to develop new products and new solutions to their challenges, but also to the challenges society faces.
The growing focus on battling climate change brings new expectations on us as a company. Customers, investors, and society expect us to build our business in a sustainable way, and to generate long term value with people, planet and profit in mind. Environmental performance is also a key factor for job seekers and employees, who increasingly value working for a company that makes a positive difference. This development is a challenge, but it also gives rise to new needs, new markets, and new business opportunities.
During 2023 we will celebrate our past, but we will also focus on how we continue to shape the future. We are fully committed to being part of the solution for a better tomorrow and continue to build on our legacy of innovation, doing business in an ethical way and always having the customer in focus,” says Mats Rahmström, President and CEO.
Operating Margin, 2022
Return on Capital employed, 2022