Lindéngruppen’s Annual and Sustainability Report 2024

“Our companies made substantial progress in their respective businesses and in integrating a broader and more holistic perspective on value creation”, Jenny Lindén Urnes, Owner of Lindéngruppen. “Despite geopolitical turbulence and economic uncertainty in 2024, Lindéngruppen reached a number of significant milestones.”

"Our Group achieved strong results despite market headwinds, delivered on long term commitments, and moves into 2025 with a strong balance sheet and plenty of opportunities to grow", Fabio Pedrazzi, CEO of Lindéngruppen.

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Key financial and sustainability highlights in 2024

• Aggregated net sales of 20.8 SEK billion (including Höganäs) with an operating profit of 714 SEK million (49 per cent growth compared with 2023)
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• CO₂ emissions (scope 1 and 2) and waste were reduced by 5 per cent respectively, while sustainable sales reached 18 per cent of total sales
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• Injuries decreased with total recordable incident rate at 6.4 (9.4) and gender diversity improved to 30 (28) per cent women co-workers
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• Beckers inaugurated its FutureLab in Liverpool, UK, to develop the next generation of more sustainable coatings
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• Colart launched digital flagship stores to strengthen its consumer relations and expand the direct-to-consumer business‍
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• Alex Begg received the Sustainable Fibre Alliance (SFA) and Responsible Wool Standard (RWS) certifications and attained B Corp™ Certification‍
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• Höganäs implemented a new decentralised organisation and became the first metal powder producer to provide a product-specific carbon footprint (PCF)
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• Lindéngruppen invested in and became the largest shareholder in cReal Food – a food tech company working with scalable plant-based foods

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Read the full story in Lindéngruppen’s Annual and Sustainability Report 2024.