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Investor Presentaiton

Increased improvement ambitions Strengthening future competitiveness and positioning with additional NOK 0.8 and 1.5 billion in 2023 and 2025. Further stretched with additional NOK 1.5 billion by 2027 Improvement program Ambitions increased in 2023 and 2025, and extended with additional NOK 1 billion until 2027 7.8 8.4 0.8 10.0 1.5 Fixed cost 11.0 NOK 3.2 billion Procurement Operational excellence 2022 2023 2025 2027 Commercial initiatives Ambition extended with additional NOK 0.5 billion until 2027 2.5 1.8 3.0 Greener products Market share growth 15 NOK 1.2 billion 2022 2025 2027 Product mix and margins 2018 baseline on accumulated improvements until 2021, 2021 baseline from 2022. Rebase effect of NOK 0.7 billion for improvement program. NOK 2 billion in annual average CAPEX to meet remaining improvement and commercial ambitions. PV: 10 CAL/CM RISCO 2 CA 435M 100% POST CONSUMER SAMSUNG Hi Hydro Hydro 45
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