Annual report 2022

"In 2022, demand recovered in most of our core markets to above pre-pandemic levels and we can report a very strong organic sales growth of 12% that contributed to an operating profit increase of 31%.

While the demand was strong, the operational environment was challenging, primarily due to unprecedented supply chain disruptions and high inflationary pressure. With our decentralized operating model and our strong operations team, we were able to mitigate these challenges.

We continued to invest for the future and our investments in product innovation increased by 23%. We also completed 21 acquisitions. Our science-based targets were ratified in line with the Paris agreement and since 2019 we have reduced our absolute greenhouse gas emissions by 20%."