Lindab
For a better climate™
Annual Report and Sustainability Report 2021
LINDAB | INTRODUCTION
We want to create a better climate
Most of us spend a majority of our time indoors. The air we breathe in our homes, at our workplaces and at schools affects our well-being. Because air is not visible, we do not always think about it. However, the indoor climate is crucial for how we feel, our energy levels and whether we stay healthy. We want to contribute to a better indoor climate. We also want to contribute to a better climate for our planet. For this reason, we are deve-loping energy-efficient solutions for healthy indoor environments.
LINDAB | CONTENT
CONTENT
Lindab in brief 4
Development in 2021 6
A word from the CEO 8
Strategic objectives 10
Strategy 12
Market 16
Products 20
Customers and geography 26
Value chain 30
Investments 36
Acquisitions 38
Expertise 40
The share 44
Corporate governance report 47
Risks 60
The EU taxonomy 63
Financial statements 65-134
Sustainability data, GRI Index 135
Annual General Meeting 139
Unless otherwise stated, figures and comparisons in this Annual Report refer to continuing operations within Lindab, that is, excluding business area Buil-ding Systems, which was divested at the end of 2021.
This document is a translation of the original, published in Swedish.
In cases of any discrepancies between the Swedish and English versions, or in any other context, the Swedish version shall prevail.
LINDAB | LINDAB IN BRIEF
LINDAB IN BRIEF
A leader in ventilation
LINDAB IS A LEADING European ventilation company with solutions for energy-efficient ventilation and a healthy indoor climate. The products are characterised by their high quality, ease of installation and environmental consideration. In northern and eastern Europe, Lindab also has an extensive range of roof and wall products, as well as rainwater systems.
9,648
Net sales reached
SEK 9 ,648 m 2021.
1,266
Operating profit for 2021 was record high, SEK 1,266 m.
13.1
The adjusted operating margin increased to 13.1 percent in 2021.
About two thirds of Lindab's sales involve ventilation. We are leading the develop-ment of air-tight duct systems and were the first supplier to offer duct systems of the highest air-tightness, class D.
1959
20
4,549
For more than 60 years, Lindab has developed leading solutions that have simplified construction.
The company currently has subsidiaries in 20 countries in Europe.
At the end of the year, we had more than 4,500 employees in some 140 locations.
LINDAB | LINDAB IN BRIEF
Growing market driven by green transformation and an increased focus on the indoor climate.
Well-established brands, high quality and extensive distribution networks.
Ongoing investment programs to increase efficiency, capacity and safety.
Clear acquisition strategy with acquisitions of complementary, well-managed companies.
Focus on results with a decentralised organisation that works close to the customer.
The EU taxonomy
66%
Of Lindab's total sales, 73 percent is eligible according to the EU taxonomy, and 66 percent is aligned with the sustainability criterias for goal 1 "climate change mitigation".
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Disclaimer
Lindab International AB published this content on 29 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 March 2022 07:43:02 UTC.