Financial goals
Towards 2030
Over the past 20 years, we have successfully worked to create a larger, better and more profitable SP Group by maintaining a strong focus on our customers and
ensuring solid organic growth supplemented by acquisitions.
We will remain strategically focused on advanced technical plastics solutions for the Healthcare, Cleantech and Foodtech industries where we see
strong potential for continued growth and for developing plastics solutions that make a difference for our customers. We intend to continue using this
formula, and our ambition is to grow by an average of 6-9% annually by means of organic growth and minor acquisitions, corresponding to revenue in the
range of DKK 4.5 billion by 2030 – perhaps even more if we succeed with major acquisitions.
We will continue to focus on our own products and will strive to grow the proportion of total sales accounted for by our own products. In 2024, own products accounted for 30.4% of total sales. We will continue to expand internationally and drive further efficiency improvements through massive investments in new plants, technologies and people. We are seeing fiercer competition, especially for our subsupplier activities, which is putting pressure on our margins. Overall, we aim for an EBITDA margin of 20-22% by 2030 and to increase the profit before tax to 12-14% of revenue, equal to about DKK 600 million.
SP Group is a dedicated subsupplier of plastic components, mastering a wide array of advanced plastics manufacturing technologies. This gives us a unique platform for serving our customers better than many of our competitors, who typically focus on only one technology.
We aim to achieve a ratio of net interest-bearing debt to EBITDA of 1-3.5. This goal leaves room for expanding our activities beyond what is originally planned as and when we spot attractive opportunities. SP Group will continue to reduce net interest-bearing debt by strengthening cash flows from operating activities and selling non-value-activities in order to release capital.
We seek to maintain the equity ratio – including minority interests’ share of equity – at no less than 25%. If the equity ratio falls below that point due to major acquisitions, the Company will consider asking the shareholders to contribute additional capital.
In recent years, dividends distributed have totalled 15-20% of the profit after tax. Every year before the annual general meeting, Management assesses whether this level is adequate. The proposed dividend for 2024 corresponds to 19.1% of profit after tax.
