|Target||Description||Average performance 2017–2019||Outcome 2020||Comment 2020|
|Sales growth||Organic annual growth of more than 4 percent over time, complemented by value accretive acquisitions.||3.1%||-21%||The pandemic had a hugely negative impact on the hospitality industry, thus sales of Food & Beverage declined by 28%, while Laundry was more resilient with a sales decline of 9%.|
|EBITA margin||EBITA margin of 15 percent.||13.1%||6.3%||The pandemic had a hugely negative impact on sales volumes. Short-term and structural cost-saving measures only partially mitigated the sales decline.|
|Operating working capital||Operating working capital below 15 percent of net sales.||15.9%||19.9%||The increase in working capital as percent of net sales is due to accounts receivables and inventory decreasing at a lower rate than the decrease in net sales.|
|Net debt/EBITDA||Leverage ratio below 2.5x Net debt/EBITDA. Higher levels may be temporarily acceptable in case of acquisitions, provided a clear path to deleveraging.||–||0.8x||The net debt/EBITDA ratio was 0.8 at the end of 2020 which means that we are better or in line
with our target. In total, net debt decreased from SEK 1,025m on December 31, 2019 to SEK 549m as of December 31, 2020.