2 10 We make it easier for our customers to be professional Ahlsell Annual Report 2018 28 We create employee engagement 13 Our suppliers appreciate that we are always close to the customer Contents GROUP OVERVIEW The distributor Ahlsell 3 Statement from the CEO 4 The year in review 6 History 8 Business model 9 Customer Promise 10 Customer base 11 Market overview 12 Supplier offering 13 Value-creating strategy 14 One Ahlsell 15 Acquisitions 17 Financial targets 18 SUSTAINABILITY Sustainability targets 19 Value creation 20 Stakeholder dialogues 21 Sustainability in everything we do 22 Ahlsell’s sustainability work 23 The environment is always on the agenda 24 Efficient, sustainable, safe products 25 Responsible sourcing 26 Our private labels 27 Our employees at the centre 28 Employee year 2018 30 The Code 31 Employee interview 32 SEGMENT INFORMATION Sweden 34 Norway 36 Finland 38 Denmark, Other 40 FINANCIAL INFORMATION 41 Directors’ Report 42 Drivers, risks, opportunities 46 The Ahlsell share 52 Board of Directors 54 Group Management 56 The Board of Directors and CEO of Ahlsell AB (publ), corp. ID 556882-8916, hereby present the Annual Report for the 2018 financial year for the Parent Company and the Group. The Annual Report consists of the Directors’ report and the financial statements with notes and comments on pages 41-51 and 58-110. In accordance with Chapter 6, Section 11 of the Swedish Annual Accounts Act, Ahlsell has chosen to establish the statutory sustainability report as a separate report. The reviewed Sustainability Report appears on pages 14-16, 19-31, 46-50 (sustainability-related risks) and 116-120. The consolidated income statement and balance sheet and the the Parent Company's income statement and balance sheet are adopted by the Annual General Meeting. This report has been made in a Swedish and English version. In case of any discrepancies between the Swedish and the English text, the Swedish text shall prevail. Corporate Governance Report 58 Proposed appropriation of profits 64 Financial Statements 65 Notes 78 Signatures 110 Audit Report 111 SUSTAINABILITY NOTES 115 Key figures sustainability 116 Sustainability notes 117 GRI Index 120 Auditor’s Report – Sustainability 121 OTHER Glossary 123 Definitions of performance measures 124 Performance measures 126 Alternative performance measures 127 Multi-year overview 128 Calendar, addresses 129 Audited report Audited sustainability report
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