Alimak Group Transitions To Next Phase of Growth Program

Alimak Group, headquartered in Sweden and providing vertical-access solutions including elevators and construction hoists worldwide, on November 25 announced it is transitioning to the next phase of its financial and sustainability growth program — New Heights 2.0. Launched in 2020, the New Heights program has established the group as a sustainable, resilient and profitable company. Designed to accelerate profitable growth and enhance long-term value, New Heights 2.0 includes updated revenue, earnings and sustainability targets through 2028. Alimak is now targeting average annual revenue growth of 8-12% (compared to 6-10% previously) and an EBITA (Earnings Before Interest, Taxes and Amortization) margin of 20% (compared to 18% previously). Sustainability goals have been updated to include committing to the Science Based Targets initiative and having 90% of direct material suppliers sign the Alimak Group Code of Conduct.