At OX2’s Capital Markets Day in Stockholm, Paul Stormoen, CEO, Johan Rydmark, CFO, and other senior executives will today provide an update about OX2’s growth strategy and business model, as well as commenting on financial developments in the fourth quarter of 2022.
OX2 maintains its target of an average annual sales volume of at least 1,500 MW in 2023-2024. From 2025, the aim is to reach an annual sales volume of at least 2,000 MW.
Over the past year, OX2's product portfolio has been broadened, which allows sales at different stages of the value chain. This means that, over time, the MW that are sold will become a less relevant indicator for forecasting OX2’s earning potential. OX2 updates its financial targets and introduces targets to achieve a compound annual growth rate (CAGR) for operating income of more than 25 percent during 2023-2027 and a return on capital employed (ROCE) of more than 25 percent.
Updated financial targets
Growth
Operating income
• Compound annual growth rate (CAGR) for operating income of more than 25 percent during the period 2023-2027
Sold MW
• > 1,500 MW sold per year on average during the period 2023–24
• > 2,000 MW sold per year from 2025
Profitability
• Operating margin >10 percent
Return
• Return on capital employed > 25 percent
Previous financial targets
Growth
Sold MW
• > 1,500 MW sold per year on average during the period 2023–24
• > 2,000 MW sold per year in the medium term
Profitability
• Operating margin of 10 percent in the medium term
• Operating income of SEK 2.5 billion in the medium term
