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Financial targets and key figures

Financial targets


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.

Dividend policy

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 2022Q3 20212021202020192018
Net sales, SEK m2,3116004,9835,2014,9064,136
Operating income, SEK m3024414416371363
Operating income adjusted for development expenses, SEK m13482634549463402
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 m4415334298315297
Investments in the project development portfolio, SEK m1113442428715942
Project acquisitions, MW7986143,4461,7811,2441,295
Project development portfolio, MW32,13217,58917,37112,6614,5702,165
Sold projects, MW017719329488172
Projects under constructions, MW1,0861,0061,329817974570
Projects handed over, MW00207486109339
Contracts under management, MW3,6032,5062,9862,2812,080n.a.
Number of employees35225627718213961