Annual Report 2019
Our company is financially strong and we continue to invest in even more advanced production facilities, new technologies, strategic partnerships, and better services to customers like our new business-to-business e-commerce platform.
Net sales increased by 2.2 percent in local currencies, while EBIT margin reached 13.5 percent, up 0.7 percentage points compared to 2018. Profit for the year grew eight percent, reaching a total of EUR 285 million. We remain net debt free with a net positive cash position of EUR 269 million.
In 2020, we forecast low single-digit sales growth in local currencies, with an EBIT margin of around 12 percent and investments excluding acquisitions of around EUR 400 million. We will adjust the company’s capital structure via a share buy-back programme, totalling up to EUR 80 million.