Contents. 1 ÅF at a glance 2 The year in brief 4 Comments from the CEO 6 Objectives and outcomes 8 Value creation Strategic focus 10 Vision and strategy 14 Introduction to sustainability Growth – Grow and lead 18 Powerful drivers 20 Market trends and business review 22 Expansion and growth in selected niches 22 Acquisitions for the year Value creation – Increased value for clients 25 Developed business model 25 Unique specialist expertise 26 World-class sustainable solutions Operations – Operational Excellence 31 Clearer organisational structure 32 Financial control 32 Pricing and purchase of consulting services 32 Ethical undertakings Employees – Attractive employer 34 Leadership development 36 Commitment and development 37 Our employer brand 38 Recruitment and induction 38 Diversity and inclusion 38 Our core values ÅF as an investment 40 Investment case 42 The share 44 Administration report 48 Risks 51 Financial statements and notes 90 Auditor’s report 94 Sustainability notes 104 Auditor’s statement 106 Chairman’s report 107 Corporate governance report 112 Board of Directors 114 Group management 116 Five-year summary 118 Alternative performance measures 119 Definitions 120 Calender 2018 ABOUT THE REPORT Reviewed financial information General review of sustainability information The scope of the sustainability report, which also covers ÅF’s statutory sustainability report as required by Chapter 6 of the Swedish Annual Accounts Act, is found on page 94. It follows the guidelines in GRI G4, Core level, and is externally reviewed. Cover photo: Andreas Almstedt, Lighting Designer, and Marie Lennartsson, Team Leader
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