Systemair´s Annual General Meeting on 25 August 2022
Press Release, 21 July 2022
Systemair AB (publ) (NASDAQ OMX Stockholm: SYSR) with
broken fiscal year 1 May to 30 April, the Annual General Meeting
will be held on Thursday, 25 August 2022 at 3 p.m. in the
auditorium, Systemair Expo, in Skinnskatteberg.
Convening notice to the Annual General Meeting, the proposed
agenda and the proposed decisions in its entirety, is attached to
this press release and published on the company's website
group.systemair.com. On the website there is also a proxy form and
the ability to sign up for participation in the Annual General
Meeting. The notice of the Annual General Meeting will be published
in Official Swedish Gazette (Post- och Inrikes Tidningar) and an
announcement with information that the notice has been issued will
be published in Dagens Industri, on Thursday, 21 July 2022.
A tour in Systemair Expo will take place prior to the AGM. Those
wishing to take part should assemble at 1:00 p.m. at Systemair
Right to attend the AGM and application of intention to
take partShareholders wishing to participate in the AGM
must be entered in the share register maintained by Euroclear
Sweden AB on the record day, Wednesday, 17 August 2022, and must
notify the Company of their intention to participate no later than
Friday, 19 August 2022.
Registration should be done either via the form at:
group.systemair.com/se/registration/, by phone +46 (0)222-440 00,
or by post to Systemair AB, Reception, 739 30 Skinnskatteberg,
Sweden. Applications shall include details of name, civic
registration number/corporate registration number, address,
telephone number, any assistants (no more than two) and number of
shares. Shareholders represented by a proxy must issue a dated
power of attorney for the proxy. The maximum period of validity for
the power of attorney shall be five years from the date of issue. A
power of attorney form is available on the Company’s website,
group.systemair.com/se/registration/ or may be requested by writing
to the address above.
Anyone representing a legal entity must present a registration
certificate, or equivalent document, confirming the person’s
authority to sign for the organisation. Powers of attorney,
registration certificates and other authorisation documents must be
available at the AGM and should, in order to facilitate admission
to the meeting, be received by the Company no later than on Friday,
19 August 2022. The original copy of the power of attorney document
must be shown.
To be entitled to participate in the AGM, a shareholder who has
had his/her shares registered in the name of a nominee must arrange
for the nominee to re-register the shares in the shareholder’s name
so that the shareholder is entered in the share register on the
record day, Wednesday, 17 August 2022. Such registration may be
temporary (“voting registration”) and is requested from the nominee
in accordance with the nominee's procedures at such time in advance
as the nominee determines. Voting registrations requested by
shareholders in time for the registration to be made by the nominee
by no later than Friday 19 August 2022 will be taken into account
in the production of the share register.
Postal votingShareholders may exercise their
voting rights at the AGM by postal voting. A special form must be
used for postal voting. The form is available on the Company's
website, group.systemair.com, and may also be provided by mail to
shareholders who request it. Postal votes must be received by the
Company no later than Friday, 19 August 2022. Completed forms,
including any attachments, are to be emailed to firstname.lastname@example.org.
Alternatively, the original voting document(s), completed, are to
be sent by post to Systemair AB, “Årsstämma”, Industrivägen 3,
SE-739 30 Skinnskatteberg, Sweden.
Submission of the form is valid as notification to participate
in the AGM. If the shareholder is a legal entity, a copy of the
entity’s registration certificate or equivalent authorisation
document for the legal entity should be attached to the form. The
same applies to postal voting by a proxy on behalf of the
shareholder. Shareholders may not attach special instructions or
conditions to their postal vote. If they do so, their vote will be
declared invalid in its entirety. Further instructions are provided
on the postal voting form.
- Declare the meeting open and elect a chairman for the
- Prepare and approve the list of voters.
- Elect one or two persons to verify the minutes.
- Determine whether the AGM has been duly convened.
- Approve the agenda.
- Report on the work of the Board of Directors and its
- Presentation of the annual accounts and the consolidated
accounts, followed by the Chief Executive Officer’s report on the
- Presentation of audit report and audit report on the
consolidated accounts, as well as auditor’s statement of opinion on
compliance with the guidelines on remuneration to senior
executives, which have applied in the period since the preceding
- Resolutions on:
- adoption of the income statement and balance sheet, along with
the consolidated income statement and the consolidated balance
sheet for the 2021/22 financial year;
- disposition of the Company’s profit or loss according to the
balance sheet adopted;
- discharge from liability to the Company for the CEO and the
members of the Board.
- Resolution on the number of members of the Board.
- Resolution on fees to the Board and auditor.
- Election of Board of Directors, Chairman and auditor.
- Resolution on Nominating Committee.
- Decision on the approval of the remuneration report
- Resolution on the Board’s proposal for guidelines on
remuneration and other terms of employment for senior
- Resolution on establishment of an incentive programme (LTIP
2022) by a) issuing warrants to the subsidiary Kanalfläkt
Industrial Service AB and b) approving the transfer of warrants to
employees of the Company or its subsidiary.
- Resolution on the Board’s proposal for authorisation to decide
on a new share issue.
- Closing of the meeting.
Shareholders, together representing 68.99 percent of the voting
rights of all shares in the Company, have notified the Company that
they support the proposals under items 1, 9, 10, 11, 12, 13, 14,
15, 16 and 17 below.
1. Declare the meeting open and elect a chairman for the
meetingThe Nominating Committee for the AGM 2022,
consisting of Chairman Lennart Francke, appointed by Swedbank Robur
Fonder, and members Gerald Engström, appointed by Färna Invest AB,
and William McKechnie, appointed by Alecta, , proposes that Gerald
Engström be elected Chairman of the Meeting.
9. b Appropriation of profitThe Board of
Directors proposes a dividend of SEK 0.90 per share. Monday, 29
August 2022 is proposed as the record day for the dividend. If the
AGM resolves in accordance with the proposal, it is estimated that
Euroclear Sweden AB will be able to pay the dividend on Thursday 1
10. Number of Board membersThe Nominating
Committee proposes that during the next mandate period the Board
shall consist of five regular members elected by the AGM and no
11. Resolution on fees to the Board and
auditorThe Nominating Committee proposes that the
remuneration to the Board of Directors shall be SEK 800,000
(750,000) to the Chairman of the Board, SEK 525,000 (500,000) to
the Vice Chairman and SEK 330,000 (315,000) to each of the other
members elected by the AGM.
Remuneration to the Audit Committee is proposed to remain
unchanged at SEK 100,000 (100,000) to the Chairman of the Committee
and SEK 50,000 (50,000) to the other member.
Remuneration to the Remuneration Committee is proposed to remain
unchanged at SEK 30,000 (30,000) to the Chairman of the Committee
and SEK 20,000 (20,000) to the other member.
The total remuneration to the members elected by the AGM shall
amount to SEK 2,515,000 (2,710,000). The reduction in the total
amount is due to the proposed reduction in the number of Board
members elected by the AGM from six to five.
It is proposed that the auditor’s fees shall be paid according
to approved invoices.
12. Election of Board of Directors, Chairman and
auditorThe Nominating Committee proposes the re-election
of Board members Carina Andersson, Gerald Engström, Patrik Nolåker,
Gunilla Spongh and Niklas Engström. Svein Nilsen has declined to
stand for re-election. Gerald Engström is proposed for re-election
as Chairman of the Board. Patrik Nolåker is proposed for
re-election as Vice Chairman of the Board.
In accordance with the recommendation of the Audit Committee, it
is proposed that Ernst & Young AB, auditors, be re-elected as
the Company’s auditor for a period of one year. Ernst & Young
intends to appoint Authorised Public Accountant Johan Holmberg as
auditor in charge.
13. Resolution on Nominating CommitteeThe
Nominating Committee proposes that the AGM adopt the following
principles for the appointment of the Nominating Committee, to
apply until further notice.
The chairman should be instructed to contact the three biggest
shareholders or shareholder groups in terms of votes according to
Euroclear Sweden AB’s printout of the share register on 31 January
of the current year, and request them each to appoint one
representative to serve on the Nominating Committee. In the event
that any of the three biggest shareholders or shareholder groups
has no wish to appoint such a representative, the fourth biggest
shareholder or shareholder group shall be requested, and so on,
until the Nominating Committee comprises three members. The
chairman shall then convene the first meeting of the Nominating
The Nominating Committee appoints the chairman from among its
members. If a member resigns from the Nominating Committee before
his/her work is complete, a replacement representing the same
shareholder shall take the member’s place, if the committee judges
this appropriate. If this shareholder is no longer ranked as one of
the three biggest shareholders, a replacement representing the next
biggest shareholder shall take the former shareholder’s place. In
the event that ownership circumstances otherwise change materially
before the work of the Nominating Committee is complete, the
composition of the Nominating Committee may be adjusted in a way
that the Nominating Committee sees fit. Any change in the
composition of the Nominating Committee shall be made public
No remuneration shall be paid to the members of the Nominating
Committee. The Company shall bear any costs incurred through the
work of the Nominating Committee. The mandate period for the
Nominating Committee shall extend until the composition of the next
Nominating Committee is announced.
The composition of the Nominating Committee shall be announced
no later than six months before the AGM.
The Nominating Committee shall present proposals concerning the
following issues for resolution at the AGM:
a) proposal for chairman for AGM,
a) proposal for number of members of the Board
b) proposal for Board fees, with respective
allocations to Chairman and other Board members,
c) proposal for fee to the Company’s
d) proposal for Board of Directors and
e) proposal for auditor
The Nominating Committee shall annually evaluate these
instructions and principles for the appointment of the Nominating
Committee and, if necessary, propose changes thereto to the AGM.
The Nominating Committee shall otherwise perform the duties
incumbent on the Nominating Committee under the Swedish Code of
14. Decision on the approval of the remuneration
reportThe Board of Directors proposes that the Annual
General Meeting approves the Board of Directors' report on
remuneration pursuant to Chapter 8. Section 53a of the Companies
Act for the financial year 2021/22.
15. Board’s proposal for guidelines on remuneration and
other terms of employment for senior executivesThe Board
of Directors proposes that the AGM resolves on the following
guidelines for the determination of salary and other remuneration
to senior executives. The guidelines are applicable to remuneration
agreed, and amendments to remuneration already agreed, subject to
the proposed adoption of these guidelines by the 2022 AGM. The
guidelines do not cover remuneration decided by the General
For information on the Company's business strategy, see the
Company's website: group.systemair.com.
The ability to recruit and retain qualified employees is
essential for successful implementation of the Company's business
strategy and the safeguarding of its long-term interests, including
its sustainability. Remuneration to senior executives shall – based
on the conditions in the market in which the Company operates and
the environment in which the particular executive works – be
competitive, enable the recruitment of new executives and help to
ensure that senior executives remain with the Company. “Senior
executives” refers to the President and other members of Group
The system of remuneration shall consist of a fixed salary and
pension, but may also include variable salary and benefits such as
a company car. In addition to the above, special incentive
programmes approved by the AGM may apply.
Fixed salary and benefits shall be determined individually based
on the aforementioned criteria and the specific competence of the
Variable pay is based on the Company's performance with the aim
of promoting the Company's strategy, long-term value creation and
sustainability. Compliance with the criteria for the payment of
variable cash compensation must be measurable over a period of one
year. The variable portion is paid as a proportion of the fixed
salary and may amount to no more than 40 percent of the annual
salary for the Chief Executive Officer and 25 percent for other
As a principle, pensions shall be premium-based and shall not
exceed 35 percent of the fixed annual salary. The size of the
pension shall adhere to the same criteria as above and shall be
based on the fixed annual salary.
Other benefits may include, but are not limited to, health care,
life insurance, medical insurance and car benefits. The total
amount of such benefits may not exceed 10 percent of the fixed
Notice of termination and severance payments
The President’s employment may be terminated with 12 months’
notice by the Company or six months’ notice by the President. For
other senior executives, the period of notice is as stated in the
applicable collective bargaining agreement or is no more than 12
months from the Company or six months from the employee. No other
agreements entitle the President or other senior executives to
Salary and terms of employment for employees
In preparing the Board's proposal for these remuneration
guidelines, the remuneration and employment conditions of the
Company's employees have been taken into account by including data
on the total remuneration of employees, the components of
remuneration and the increase and rate of increase of remuneration
over time as part of the Board's decision-making basis when
evaluating the appropriateness of the guidelines and the
limitations resulting from them.
Decision-making process for establishing, reviewing and
implementing the guidelines
The Board has established a Remuneration Committee. The
committee's tasks include presenting proposals for guidelines for
remuneration to senior executives. The Board shall draw up
proposals for new guidelines at least every four years and submit
the proposal to be resolved at the AGM. The guidelines shall remain
in force until new guidelines are adopted by the General Meeting.
The Board shall also monitor and assess programmes for variable
remuneration to senior management, compliance with guidelines on
remuneration to senior executives, and current structures and
levels of remuneration in the Company. The CEO and other members of
the executive management do not participate in the President’s
processing of and resolutions regarding remuneration-related
matters in so far as they are affected by such matters.
Share-based and share-price-based incentive programmes
Share-based and share-price-based incentive programmes shall be
submitted to the AGM for approval.
Derogation from the guidelines
The Board of directors may temporarily resolve to derogate from
the guidelines, in whole or in part, if in a specific case there is
special cause for the derogation and a derogation is necessary to
serve the Company’s long-term interests, including its
sustainability, or to ensure the Company’s financial viability. As
stated above, the Remuneration Committee's tasks include preparing
the Board's decisions on remuneration issues, including decisions
on derogation from the guidelines.
Shareholders' views and significant changes in the
The proposed guidelines to be presented at the 2022 AGM do not
entail any material changes to the Company's existing remuneration
guidelines, other than certain clarifications. The Company has not
received any comments from shareholders on the existing guidelines
for the remuneration of senior executives.
16. Resolution on establishment of an incentive
programme (LTIP 2022) by a) issuing warrants to the subsidiary
Kanalfläkt Industrial Service AB and b) approving
the transfer of warrants to employees of the Company or its
The Board of Directors proposes that the AGM resolve on the
introduction of an incentive programme by the Company carrying out
an issue of warrants and the transfer of warrants to certain
employees within the group on the terms and conditions set out
below ("LTIP 2022").
The issue of the warrants shall, with deviation from the
shareholders' preferential rights, be directed to the wholly owned
subsidiary, Kanalfläkt Industrial Service AB, registration number
556063-2530 ("the Subsidiary"). The warrants shall
be issued free of charge to the Subsidiary. The right to subscribe
for the warrants is vested in the Subsidiary with the right and
obligation for the Subsidiary to offer employees as defined in
section B.1 below the right to acquire the warrants for a
consideration on the terms and conditions set out below.
The reason for the deviation from the shareholders' preferential
rights is that the Board of Directors believes that it is important
and in the interest of all shareholders that Group Management and
other key persons, who are deemed important for the further
development of the Company, have a long-term interest in good value
growth for the Company’s shares. A personal long-term shareholder
commitment may be expected to contribute to an increased interest
in the Company's activities and performance, as well as to increase
participants' motivation and affinity with the Company and its
An explanation of the preparation of the proposal, the costs of
the programme and the impact on key indicators is given in Annex
a) Issue of warrants to the Subsidiary
The issue, which comprises a maximum of 600,000 warrants of
series 2022/2026 shall be made with derogation from shareholders'
preferential rights and on the following terms.
1. Number of warrants issued
The Company shall issue a maximum of 600,000 warrants. Each
warrant carries the right to subscribe for one (1) new share in the
2. Subscription rights and allocation
The right to subscribe for the warrants shall, with deviation
from the shareholders' preferential rights, be exclusively vested
in the Subsidiary wholly owned by the Company. Oversubscription
cannot occur. The subsidiary shall, after subscription, offer the
employees of the Company as defined in section B.1 below the right
to acquire the warrants.
3. Issue price
The warrants shall be issued free of charge to the
4. Subscription period
The warrants must be subscribed for within four weeks from the
date of the issue decision. The Board of Directors has the right to
extend the subscription period.
5. Period for exercise of warrants
Each warrant entitles the holder to subscribe for one (1) new
share in the Company. Subscription of shares in accordance with the
terms of the warrants may take place during the following
- a two-week period from the day following publication of the
Company's interim report for the period 1 May to 31 July 2025/2026,
but no earlier than 18 August 2025 and no later than 30 September
- a two-week period from the day following the publication of the
Company's interim report for the period 1 May to 31 January
2025/2026, but no earlier than 2 March 2026 and no later than 30
April 2026, and
- a two-week period from the day following publication of the
Company's interim report for the period 1 May to 31 July 2026/2027,
but no earlier than 17 August 2026 and no later than 30 September
6. Subscription price
The subscription price per share upon exercise of the warrant
shall be an amount equal to 110 percent of the calculated volume
weighted average price paid for the Company's share on Nasdaq
Stockholm during the period from 29 August 2022 up to and including
9 September 2022. If the Company has insider information during
this period, the Board of Directors shall have the right to
postpone the measurement period. The subscription price may not be
lower than the current quota value of the share. In the event that
the subscription price exceeds the quota value of the previous
shares, the excess amount (the excess price) shall be recorded in
the free share premium fund in the Company's balance sheet.
If, upon subscription of a share, the last price paid on Nasdaq
Stockholm for the Company's share at the close of trading on the
trading day immediately preceding the new subscription exceeds 160
percent of the volume weighted average price of the Company's share
during the period from 29 August 2022 up to and including 9
September 2022, the subscription price shall be increased by an
amount equal to the amount by which the aforementioned payment
price exceeds 160 percent of the aforementioned average price.
Alternative exercise model
Holders of the warrants shall have the right, upon subscription
of shares with the exercise of the warrants, to request the
application of an alternative exercise model in accordance with the
full terms and conditions. When applying the alternative
subscription model, the subscription price for each share shall be
equal to the quota value of the share and the warrants shall
entitle the holder to a converted number of shares, which as a
starting-point shall be lower. However, the warrants shall not
entitle the holder to more than one (1) share per warrant, subject
to any conversion in accordance with the full terms and conditions
of the warrants. Assuming that the subscription price for the
shares in the Company for which warrants entitle to subscription is
set at SEK 56.20, application of the alternative exercise model
would have the following effects in the event of full new
subscription with the support of all 600,000 warrants and full
exercise of the alternative exercise model at the share prices for
the Company's shares prior to the subscription period indicated
Illustrative calculation based on an assumed subscription price
of SEK 56.20:
1 Share price
1 Total number of
1 SEK 60
1 SEK 70
1 SEK 80
1 SEK 90
7. Increase in share capital
The increase in the Company's share capital, if the warrants are
exercised in full, may amount to a maximum of SEK 150,000 (assuming
the current quota value and that no conversion has taken place in
accordance with the full terms and conditions of the warrants).
Shares subscribed for through exercise of the warrants carry the
right to a dividend for the first time on the nearest record day
for dividends after subscription has been executed.
The Board of Directors, or person appointed by the Board of
Directors for the task, shall be authorised to make such minor
amendments to the resolution as may be required for registration
with the Swedish Companies Registration Office and Euroclear Sweden
Other terms and conditions are set out in the full terms and
conditions of the warrants. Among other things, it is stated that
the subscription price as well as the number of shares for which
each warrant entitles the holder to subscribe may be recalculated
in the event of a bonus issue, new issue, split, merger or in
certain other cases.
In the event of full subscription and full exercise of the
warrants, the Company's share capital may be increased by a maximum
of SEK 150,000 through the issue of a maximum of 600,000 shares,
each with a quota value of SEK 0.25, subject, however, to any
recalculation that may be required under the terms of the warrants.
These new shares, when fully utilised, represent approximately 0.29
per cent of the total number of shares in the Company.
b) Approval of transfer of warrants
- Participants and allocation
The Board of Directors further proposes that the AGM resolve to
approve that the Subsidiary may transfer a maximum of 600,000
warrants in the Company of series 2022/2026 to the participants, or
otherwise dispose of the warrants to secure the commitments in
connection with the Incentive Programme 2022/2026.
The right to acquire warrants from the Subsidiary shall be
granted to the following categories of employees:
1 Number of
warrants per category
number of warrants per person
President and CEO (maximum 1 person)
Group Management (maximum 6 people)
Other key individuals (maximum 53 people)
If warrants within a certain category remain after all
applications within the category have been satisfied, the remaining
number may be allocated to participants in the same or another
category, whereby the Board shall determine the allocation based on
factors such as category membership, category of personnel and
number applied for. However, such allocation must not result in the
maximum number of warrants per person within a given category as
set out in the table above being exceeded. The Board of Directors
of the Company decides on the final allocation.
The right to acquire warrants from the Subsidiary shall only
accrue to those persons who have not resigned or been dismissed at
the end of the notification period.
Warrants should also be offered to new employees. For such
acquisitions, the conditions shall be the same or equivalent to
those set out in this resolution. This means, for example, that
acquisitions must be made at the current market value at that
Transfer of warrants to participants is conditional upon it
being legally possible to purchase the warrants, and that such
transfers can be performed using reasonable administrative and
financial resources according to the assessment of the Board.
- Price and payment
The warrants shall be transferred on market terms at a price
(premium) equal to an estimated market value of the warrants using
a generally accepted valuation model calculated by an independent
valuation institution. For acquisitions made by new employees after
the end of the initial notification period, the new market price
shall be determined accordingly.
For the warrants, the value has been provisionally calculated at
SEK 4.83 per warrant, based on a share price of SEK 51.10, which
corresponded to the closing price of Systemair's shares on 20 June
2022, an assumption of a subscription price of SEK 56.20 per share
and an upper limit of SEK 81.80 per share, an assumption of future
dividends of SEK 1.20 and 10 percent annual growth thereafter, a
risk-free interest rate of 2.11 percent and a volatility of 29
percent. The preliminary valuation has been conducted by People
& Corporate Performance AB.
The warrants shall be transferred to the participants no later
than before the 2023 AGM, after which any non-transferred warrants
shall be cancelled.
The warrants shall otherwise be subject to market
- Termination of employment
The warrants shall be subject to a right for the Company or its
subsidiaries to repurchase the warrants, at the lower of cost and
market value, if a participant's employment with or assignment to
the Company is terminated, or if the employee resigns or is
terminated, during the term of the program.
- Authorisation and majority
It is proposed that the Board of Directors, or the person
appointed by the Board of Directors, be authorised to make such
minor adjustments to the above resolution as may be required by the
registration thereof with the Swedish Companies Registration Office
or Euroclear Sweden AB.
In order for the AGM’s decision to be valid, the proposal must
be supported by shareholders representing no less than two thirds
of the votes cast and the shares represented at the meeting.
17. Authorisation for the Board to approve the issue of
new sharesThe Board proposes that the AGM resolve to
authorise the Board, on one or more occasions during the period
until the next AGM, with or without deviation from the preferential
rights of the shareholders, to decide to increase the Company’s
share capital by issuing new shares. By virtue of the
authorisation, the Company may issue up to a maximum of ten percent
of the number of shares in the Company based on the number of
shares at the time the authorisation is first exercised. Any such
issue shall be made on market conditions, with the right reserved
to offer an issue discount where appropriate. The authorisation
shall include the right to approve a share issue with cash payment,
non-cash payment, or via offsetting. The purpose of the
authorisation, and the reason for possible deviation from the
preferential rights of shares, is to enable company acquisitions to
In order for the AGM’s decision to be valid, the proposal must
be supported by shareholders representing no less than two thirds
of the votes cast and the shares represented at the meeting.
Available documents and details of the number of shares
outstanding in the Company The annual report and audit
report, auditor’s statement on compliance with the guidelines on
remuneration to senior executives in force since the preceding AGM,
the full text of the Board’s proposed resolutions as above and
other documents as required by the Swedish Companies Act will be
made available to shareholders at the Company’s offices and on the
Company’s website at systemair.com no later than from Thursday, 4
August 2022, inclusive. The documents will be sent free of charge
to any shareholders who request to receive them and who provide
their postal address. The documents will also be available at the
AGM.At the time of issue of this invitation, there are a total of
208,000,000 shares and votes in the Company. The Company holds no
Information at the AGMThe Board of Directors
and President shall – if any shareholder so requests and the Board
considers the request may be met without significant damage to the
Company – at the AGM disclose information about circumstances that
may affect the judgement of an item on the agenda, circumstances
that may affect judgement of the financial situation of the Company
or a subsidiary and the Company’s relationship with another Group
company. Anyone wishing to submit questions in advance may do so to
Systemair AB, Reception, 739 30 Skinnskatteberg or by e-mail to:
Processing of personal dataFor more information
on how personal data is processed in connection with the AGM,
Skinnskatteberg, July 2022
Board of DirectorsSystemair AB (publ)
For further information, please contact:
Gerald Engström, Chairman of the Board + 46 70 519 00 01
Roland Kasper, CEO + 46 73 094 40 13
Anders Ulff, CFO + 46 70 577 40 09
Systemair AB, SE-739 30 Skinnskatteberg, Sweden, +46 222
440 00, group.systemair.com
This information was made public by the above-mentioned contacts
on 21 July 2021 at 08:00.
Systemair in briefSystemair is a leading
ventilation company with operations in 52 countries in Europe,
North America, the Middle East, Asia, Australia and Africa. The
Company had sales of SEK 9.6 billion in the 2021/22 financial year
and today employs approximately 6,700 people. Systemair has
reported an operating profit every year since 1974, when the
company was founded. Over the past 10 years, the Company’s average
growth has averaged 9.4 percent. Systemair helps to improve the
indoor climate with the help of energy-efficient and sustainable
products that reduce carbon dioxide emissions.
Systemair has well-established operations in growth markets. The
Group's products are marketed under the Systemair, Frico, Fantech
and Menerga brands. Systemair shares have been quoted on the Nasdaq
OMX Nordic Exchange in Stockholm since October 2007, and are today
traded on the Large Cap List. The Group comprises about 90
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