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A clear vision

AFRY strives for profitable growth to generate long-term value for our shareholders and the society.

Financial targets

The financial targets apply over a business cycle and are continuously evaluated based on market conditions and changes in the company. The financial targets focus on growth, profitability and a strong financial position.

Revenue growth 10%
Annual growth of 10 percent. The target includes add-on acquisitions.
AFRY i Danmark
EBITA margin 10%
An EBITA margin of 10 percent (excluding items affecting comparability) over a business cycle.
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Net debt 2.5
Net debt in relation to EBITDA of 2.5.

Dividend policy

The Board of Directors has adopted a dividend policy according to which the dividend corresponds to approximately 50 percent of profit after tax excluding capital gains.

Sustainability targets

The sustainability targets are key elements of our strategy. The targets focus on the development of sustainable solutions, responsible and ethical operations and our people.

Our solutions

Increase our net positive impact and fully integrate sustainability in our solutions to generate longterm value for our shareholders, our clients, society and the planet.

  • Increase taxonomy-eligible turnover
  • 95% sustainability training for all employees 1

Our operations

Conduct business responsibly and ethically. Set ambitious targets and reduce our emissions in line with the 1.5°C ambition.

  • Halve CO₂ emissions by 2030 and net zero emissions by 2040 2
  • 95% Code of Conduct training for all employees 1

Our people

Promote brave leadership, inclusion and diversity. Safeguard well-being, health and safety. Attract the best people to continue to improve our operations and solutions.

  • 40% female leaders by 2030 1
  • Increase employee engagement
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Annual and Sustainability Report 2023

We accelerate the transition towards a sustainable society

Making Future


  • 1. Permanent employees. a↩ b↩ c↩
  • 2. Base year 2019. CO₂ emissions from own operations (business travel and facility energy usage). SBTs (science-based targets) approved by SBTi in May 2022.