Kalmar Corporation has announced its updated strategy and new performance goals for the strategic period leading up to 2030. This new strategy focuses on accelerating growth and lifetime value, strengthening the company's position as a leader in smart and sustainable solutions in the heavy materials handling sector.
Kalmar's Strategic Pillars for 2030
The main focus areas for Kalmar to achieve its 2030 goals include the following three sections: 1) investment in sustainable innovations, 2) accelerating customer service and lifetime value, and 3) stimulating growth in various markets.
Kalmar has announced its key performance goals for 2030 as follows:
- Sales growth of over 8 percent annually throughout the cycle (previous target: 5 percent)
- Comparable operating profit margin of 16 percent by 2030 (previous target: 15 percent by 2028)
- Return on Capital Employed (ROCE) above 25 percent by 2030 (unchanged)
- Ecological footprint to exceed 50 percent of sales by 2030 (new target)
- Service sales amounting to 800 million euros by 2030 (new target)
- Additional net efficiency improvements of 50 million euros by the end of 2030 (new target)
Environmental and Financial Commitments
In addition to its key performance goals, Kalmar continues its commitments to reducing greenhouse gas emissions in the short and long term through the Science-Based Targets initiative (SBTi). The company aims for a dividend payout ratio of 30 to 50 percent (unchanged) and has set a target for its net debt to EBITDA ratio to be below 2.5 times.
As a pioneer in the heavy materials transportation and maintenance industry, Kalmar is committed to sustainable innovations and green technologies. By updating its strategy, the company aims to strengthen its market position and provide better services to its customers. These changes are expected to contribute to sustainable growth and increase Kalmar's market share in the industry.
