CEO’s comments: right conditions for long-term growth
The strategic priorities of recent years produced results in 2019. Sales of digital services increased, the share of managed service contracts has risen and the industrial mix has continued to improve. Operating profit rose by 19 per cent year-on-year, earnings per share by 15 per cent and our financial position is among the strongest in the industry.
The operating margin for the full year was 7.6 per cent, which means we are approaching our financial objective of 8 per cent. A stable financial position and favourable profitability provide the right conditions for growth.
Uncertainty in the markets has increased significantly since the spread of COVID-19 and at the time of writing it is difficult to make an informed assessment of its impact. We have been implementing preparatory activities for some time in all of our markets in the Group and can take urgent action where necessary.