MEKO’s overall target is to grow with good profitability and thus create value for the shareholders. Our sustainability work is an integral part of the Group's strategy. During the year we had a good development towards our targets, where we achieved 50 percent of both the financial and the sustainability targets. In addition, we have initiated activities to ensure that we reach all targets and refined our measurement methods within the sustainability area.
Target > 5% net sales growth
Average annual sales growth of at least 5 percent, with a combination of organic and acquired growth.
For the past five years, we have exceeded the goal. For 2021, net sales increased by 7 (-3) percent. Organic growth was 8 percent.
Target 10% adjusted operating margin
Adjusted operating margin of 10 percent annually.
We have had increasing profitability since 2019, where we see continued opportunities to streamline the core business. For 2021, the adjusted operating margin amounted to 8 (8) percent.
Target 2.0–3.0 Net debt/EBITDA
Net debt/ EBITDA should be 2.0–3.0 times in the long term.
We have achieved the target range since 2020. Net debt/ EBITDA* decreased to 1.9 (2.54). The net debt is 2,264 (2 673) MSEK.
*Net debt/EBITDA excluding IFRS 16.
Target > 50% Dividend share
Dividends corresponding to at least 50 percent of profit after tax.*
The Board of Directors proposed a dividend of SEK 3.00 per share for 2021 (0.00). The Board continues to support the target that at least 50 percent of earnings after tax should be distributed.
*When deciding on dividend proposals, the Board takes into account the Group's potential acquisition opportunities, financial positions, investment needs and prospects