Strategy and strategy execution

Financial and non-financial targets and outcomes

We have set long-term targets for our financial and non-financial performance at the Group level for the strategy period 2017–2020. In addition, there are financial targets defined separately for the two business divisions. In 2018, we achieved all Group-level financial targets.

Financial targets 2017 – 2020 and outcomes 2018 (2017)

(targets on average, during the period)

Cramo Group

Comparable return on equity (ROE)

Target

>15%

Outcome

15.7%

(15.4)

Net debt / EBITDA

Target

<3

Outcome

2.88

(1.65)

Equipment Rental business division

Organic sales growth²

Target

>Market¹

Outcome

5.4%

(4.0)

Comparable ROCE4

Target

>14.5%

Outcome

14.4%

(15.2)

Modular Space business division

Organic rental sales growth³

Target

Double digit

Outcome

14.6%

(9.3)

Comparable ROCE4

Target

>12.5%

Outcome

8.8%

(9.1)

1 According to ERA, in the markets where Cramo is present
2 Organic sales growth excludes the impact of acquisitions, divestments and exchange rate changes
3 Organic rental sales growth excludes the impact of acquisitions, divestments and exchange rates
4 Cramo changed the calculation method of ROCE’s capital employed component into 12 months average in 2018 reporting period

Non-financial targets 2017 – 2020 and outcomes 2018 (2017)

Customer Care

Customer satisfaction index

Target

>70

Outcome

75

(73)

Employee Care

LTIR¹

Target

≤5

Outcome

9.5

(9.9)

Social Care

Legal proceedings²

Target

0

Outcome

1

(0)

Environmental Care

CO2e emissions, scope 1 and 2, relative to sales, tonnes/MEUR

Target

-20%

Outcome

15.6

(17.5)

1 LTIR (Lost time injury rate) = Number of work-related accidents with at least one full day absence/million working hours
2 Number of legal proceedings regarding human rights and corruption