In connection with today's presentation of the financial results for the first quarter of the year,
Since
- When summarizing 2020, it is satisfying to confirm that we achieved all long-term financial goals, even earlier than planned, says
New long-term financial goals
Sales growth
Double sales by 2030
Equivalent to >7% CAGR in constant currency
(previous target: >5% annual organic growth)
EBIT-margin
Long-term maintain >20% EBIT margin
(previous target: achieve underlying EBIT margin of 20%)
Dividend
>75% ordinary dividend, in relation to net income
(previous target: >50% ordinary dividend, in relation to net income)
New long-term sustainability ambitions
The new sustainability targets are, in terms of environmental aspects, closely linked to the company's decision in the autumn of 2020 to commit to the globally renowned Science Based Targets initiative (SBTi) and therefore have a clear focus on fulfilling the Paris Agreement's ambition not to increase the earth's average temperature by more than 1.5 ° C.
Scope 1
46% reduction, in absolute numbers, of greenhouse gases from our production sites, compared with the base year 2019.
Scope 2
100% renewable electricity at our own manufacturing sites and offices.
Scope 3
An absolute reduction of greenhouse gases by 28% related to purchased materials and upstream and downstream logistics, compared with the base year 2019.
In addition to the environmentally focused sustainability targets related to SBTi,
- Long-term sustainable and profitable organic growth remains our biggest focus, says
A more detailed presentation is available at https://www.thulegroup.com/en/presentations
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