Kalmar updates its strategy and sets new performance targets for 2030 including a renewed framework for the capital allocation

The Board of Directors of Kalmar Corporation has approved an updated strategy and performance targets for the strategy period until 2030. The updated strategy shifts Kalmar’s focus towards accelerated growth and lifetime value and strengthens the company’s position as a forerunner in intelligent and sustainable heavy material handling solutions.

Kalmar’s strategic focus areas until 2030 are 1) Investing in sustainable innovations, 2) Accelerating services and customer lifetime value and 3) Driving growth.

Kalmar’s key performance targets by 2030 are: • Sales growth exceeding 8% per annum over the cycle (previous target: 5%) • Comparable operating profit margin of 16% by 2030 (previous target: 15% by 2028) • Return on capital employed (ROCE) exceeding 25% by 2030 (unchanged) • Eco portfolio accounting for more than 50% of sales by 2030 (new target) • Services sales of EUR 800 million by 2030 (new target) • Additional gross efficiency improvements of EUR 50 million by the end of 2030 (new target)

In addition to key performance targets, Kalmar remains committed to the near and long-term science-based emissions reduction targets with the Science Based Targets Initiative (SBTi).

This story was originally published by Hellenic Shipping News. Read the full story at Hellenic Shipping News →