05 October 2022

Purmo Group Plc announces a strategy acceleration programme to strengthen the execution of the strategy launched in 2021. The programme addresses a broad area of strategic and operational initiatives, with focus on improving net sales growth, profitability and net working capital efficiency to support reaching its financial targets communicated in conjunction with the stock listing in January 2022:  

  • Purmo Group targets organic net sales growth in excess of market growth. In addition, Purmo Group aims for notable inorganic growth through acquisitions. 
  • The company targets an adjusted EBITDA margin above 15% in the medium- to long-term.
  • The leverage ratio is targeted not to exceed 3.0x, measured as interest bearing net debt / Adjusted EBITDA on a rolling twelve-month basis. 

In order to support the execution of the programme, aligning resources with the strategic direction and to strengthen customer focus, the company announces a new organisational structure effective from 1 January 2023. The new organisation is based on two business divisions: Climate Products & Systems and Climate Solutions.

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