Our business principles

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/ Our business principles

Our Business Principles

We want to combine strong and sustainable growth with good profitability. Through this we increase value for our shareholders and create the conditions for continued good long-term development.
Business concept
Responsible expansion with a focus on internationalisation.
Management philosophy
We want to combine strong and sustainable growth with good profitability. Through this we increase value for our shareholders and create the conditions for continued good long-term development.

Our management philosophy is based on success factors for growth through profitability and responsibility. The basic concepts are gathered under the term Our Business Principles.
Vision
Our vision is to create world-class solutions in sustainable energy.
Business idea
Our business idea is to offer the market high quality, innovative and energy efficient products and system solutions within our three different business areas.
The basis for this is the Group's broad expertise in product development, manufacturing and marketing.
Objectivies
Our overall goal is to combine strong and sustainable growth with good profitability and create value growth for the shareholders.

We must also be an interesting and progressive workplace for the employees and have happy and secure customers. Our operations must be characterised by transparency and responsibility.
The Group has four economic objectives
Growth must average 20 percent per year, of which half should be organic and half through acquisitions.
Operating profit for each business area must amount to at least 10 percent of sales over a business cycle.
Return on equity must amount to at least 20 percent over a business cycle. The equity ratio in the Group must not be less than 30 percent.
Our success factors
Our management philosophy is based on eight basic ideas that create the power for continued expansion through profitability. Knowledge of our management philosophy is extremely important for both new employees and acquired units in order to understand the spirit and culture.
1. Strong profitability
is the most important and basic condition for long-term success and continuous growth
gives freedom and independence
creates job satisfaction and security for the employees and attracts new ambitious employees
assumes efficient use of energy and materials and a comprehensive approach to environmental and social aspects.
2. High productivity
is vital to ensuring competitiveness
the productivity philosophy is based on it being possible to continuously improve everything and what cannot be measured cannot be improved
variable wage system based on time measurement creates good productivity, high time efficiency and fair wages
time measurement also creates the right conditions for correct calculations, sound investment documentation and opportunities to follow up.
3. Proactive product

development
is a condition for continued good organic growth and breaking into new markets
quickly converts the customer requirements to the best solutions for each given market situation
gives conditions for good production economy
must focus be on energy efficient and environmentally adapted products that contribute to reduced climate impact and sustainable development.
4. Quality throughout customer-centric focus
our customers must always have full confidence in our company, products and employees
we must be a safe and constructive partner
we must be pioneers in quality issues
we must have certified management systems for quality and the environment at our production facilities
we must have high availability and a professional attitude
our environmentally adapted products must contribute to reduced costs and reduced environmental impact for our customers
our successes must also benefit the customer through value for money products
a customer must always be satisfied.
5. Market-oriented expansion
continuous expansion is absolutely essential for the development of the company
the combination of good organic and well-assessed acquisitional growth is the best way to maintain the vitality of the organisation
breaking into new markets must be well prepared and consistently carried out.
6. Focus on three core operations
creates both internal and external clarity
spreads risk and gives reasonable risk exposure
the concentration means constantly improving expertise, which in turn gives an analytical advantage, not least with acquisitions
there are many international expansion opportunities.
7. Dedicated employees
simple organisational forms and operational leadership result in commitmen
common values and a clear Code of Conduct guide us in our daily work
high requirement for honesty and straightforward communication create clarity
managers must set a good example
all employees must have the opportunity to develop
initiative combined with modesty and common sense are the ideal conditions for job satisfaction.
8. The long term
accountability, durability and continuity win in the long-term
reorganisation only occurs after thorough testing
our constant striving to establish long-term relations both internally and externally creates a long-term relationships sustainable operation
continuity of ownership allows maximum focus on the operations and guarantees independence
Our responsibility
Overall responsibility for the application and follow up of Our Business Principles lies with the CEO who delegates the practical, daily work to each legal entity within the Group. All managers must act in such a way that their behaviour works as a model for the application of the principles.ndence