ONE GRK – now and in the future
The strategic intent is that, in 2028, GRK will grow profitably, be a forerunner in sustainable construction and have the most competitive team.
In late 2024 GRK’s Board of Directors confirmed the company’s updated strategy for the period 2025-2028. There were no major changes to the previous strategy, but it was refined in many respects.The strategy was updated mainly due to geopolitical changes and the economic outlook, but megatrends were also examined. GRK recognised that geopolitics, the security of supply and the need to safeguard critical infrastructure are key factors in state-level decisions on infrastructure investments. With this in mind, one of the selected strategic priorities is for GRK to be successful in projects related to critical infrastructure and defence.
At the same time, projects related to the sustainable transition of industry and the construction of energy infrastructure are accelerating infrastructure construction. Energy efficiency, the circular economy, low emissions and halting biodiversity loss are at the heart of sustainable infrastructure construction. Accordingly, GRK wants to strengthen its share of green transition projects. GRK operates in Finland, Estonia and Sweden. Following the update to the strategy, the aim is to expand into new areas of infrastructure construction and new geographic regions, especially in Sweden, as GRK’s projects have thus far been focused on northern Sweden.
The availability of skilled and motivated personnel is a challenge in the construction industry. GRK’s aim is to attract and retain the best multi-skilled professionals. GRK wants to be an operator that develops its own experts for current and future projects. GRK’s success has been driven by the company’s entrepreneurial culture, and this will not change. Fostering cooperation and coherence between different operating countries and business areas is also a strategic priority. Our professionals move flexibly between operating countries and businesses. Digitalisation, data security risks and hybrid risks pose requirements for the development of working methods and the way organisations operate.
Leading the way in sustainable construction is a key element of GRK’s strategy. Financial targets have been updated along with the new strategy, The core idea is to ensure healthy profitability in all operations. We seek growth in accordance with our strategy both organically and through potential acquisitions.
FINANCIAL TARGETS
- Revenue in excess of EUR 750 million by 2028
- An adjusted operating profit margin of more than 6% over time
- A healthy capital structure in which the ratio of net debt to adjusted EBITDA (rolling 12 months) is lower than 1.5x over time
- A return on invested capital of more than 20% over time
- The aim is to distribute growing dividends that represent at least 40% of the annual net profit over time
GRK measures the success of its strategy by means of the Group’s financial targets, which GRK intends to achieve by the end of 2028
