At today's Capital Markets Day in
A strategy focused on profitable organic growth of the group´s strong brands
The Boråstapeter, Cole & Son and Wall&Decò brands are all leading brands in the European premium wallpaper market and with growing global sales. The Pappelina brand has a strong niche position within premium rugs and Artscape is a leader in decorative window films in
“Our ambition is to be a leader in interior decoration with a focus on premium brands in wallpaper, complimented by other color and pattern driven interior decoration such as textiles and rugs. We are confident that our decentralized operating model, with our corporate focus to ensure the successful long-term development of each of our Brands, while respecting their identity and autonomy, is a winning formula. This is best achieved by the Brands owning the responsibility to design and market their interior decoration products at the highest quality, while utilizing the synergies from the Group’s sourcing, manufacturing and IT competences as well as economies of scale.”, says
“We believe that environments affect our thoughts and feelings, whether we are at home, at work or on the go. We at
Updated long-term financial goals
At the
“Although strong acquisitions with a clear strategic fit to our premium positioning in pattern-based interior decoration still is a logical way for us to grow
“We have therefore decided to update the sales growth target to 1 Bio SEK by 2028. The EBITA-Margin target of >15%, dividend target level of 30-50% and leverage target of <2.5x EBITDA are kept.”
Sales growth
1 Bio SEK by 2028
(Note: Target to be achieved with organic growth, while previous target of 1.2 Bio SEK by 2025 was contingent on aggressive M&A)
EBITA-margin
>15% EBITA margin
(same as before)
Dividend
30-50% ordinary dividend, in relation to net income
(same as before)
Leverage
< 2.5x EBITDA, although a temporary increase may occur in connection with acquisitions.
(same as before)
New long-term sustainability targets to be communicated Spring 2025
“Long-term sustainable and profitable organic growth will be our biggest focus”, says
A more detailed presentation is available at the group’s website www.embellencegroup.com or on this link: https://www.embellencegroup.se/media/xn3ckbjp/embellence-cmd-240521.pdf
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