Financial targets and key figures
The Company’s target is to achieve an annual sale of projects corresponding to a capacity of:
- More than 500 MW on average per year in 2021–2022;
- More than 1,500 MW on average per year in 2023–2024, and
- More than 2,000 MW per year in the medium term.
OX2’s goal is to reach an annual operating margin of 10% in the medium term. In certain years, the operating margin may be temporarily affected by increased operating costs in order to accelerate the Company’s growth.
OX2’s goal is to generate an annual operating profit of at least BSEK 2.5 in the medium term.
The Company sees significant opportunities to reinvest cash flow into value-creating growth opportunities; no dividends are expected to be proposed in the short term.
Key figures for the Group
|Q3 2022||Q3 2021||2021||2020||2019||2018|
|Net sales, SEK m||2,311||600||4,983||5,201||4,906||4,136|
|Operating income, SEK m||30||24||414||416||371||363|
|Operating income adjusted for development expenses, SEK m||134||82||634||549||463||402|
|Operating margin, %||1.3%||4.1%||8.3%||8.0%||7.6%||8.8%|
|Operating margin adjusted for development expenses, %||5.8%||13.7%||12.7%||10.6%||9.4%||9.7%|
|Profit for the period, SEK m||44||15||334||298||315||297|
|Investments in the project development portfolio, SEK m||111||34||424||287||159||42|
|Project acquisitions, MW||798||614||3,446||1,781||1,244||1,295|
|Project development portfolio, MW||32,132||17,589||17,371||12,661||4,570||2,165|
|Sold projects, MW||0||17||719||329||488||172|
|Projects under constructions, MW||1,086||1,006||1,329||817||974||570|
|Projects handed over, MW||0||0||207||486||109||339|
|Contracts under management, MW||3,603||2,506||2,986||2,281||2,080||n.a.|
|Number of employees||352||256||277||182||139||61|