KWH's Annual Review 2020

A family-owned growth company

GROUP PRESIDENT KJELL ANTUS:

Active leadership and flexible organisation

After a strong start to the year, Covid-19 caused havoc in the world and on our markets in the spring. Lockdowns were imposed, and this led to a lull in sales in many countries. Restrictions and limited opportunities to meet customers meant that we were forced to abandon the growth targets for the year. After the crash in the spring, our operations recovered strongly in the second half of 2020 and sales ultimately only fell by two per cent over the year.

Turnover

Personnel

Key figures

501.3

Turnover MEUR

85.8

Investments MEUR

2,300

Personnel

42.7

Profit MEUR

10.8%

Return on investment

78%

Equity ratio

Mirka

Rapid recovery with record sales

Mirka’s biggest investments in 2020 were in digitisation, above all in building a new digital customer experience platform.

KWH Logistics

Continued investment and establishment in new locations

KWH Logistics has invested heavily to allow it to grow over the years. The record investments that started in 2019 were largely completed in 2020.

Prevex

Continued focus on sustainability

In 2020, Prevex continued the ambitious environmental work that had been started in previous years. A heat pump now utilises the waste heat from production, saving 800 MWh of energy a year.