Cement and building materials

“•Rising construction costs. Our general contractors may face difficulty procuring construction materials at reasonable prices, particularly those subject to tariffs or disrupted supply, which may lead to project delays and/or increased costs. Rising costs and procurement challenges could significantly impact the yields and delay commencement of net operating income from our current and future development and redevelopment pipeline. •Risks to tenant operations.”

Annual report 2025A · The company itself

“The cost increases that may result from tariffs, trade conflicts, and financial market volatility may significantly impact our development and redevelopment projects. Elevated material costs may lead to higher overall project budgets and extended construction timelines or require modifications to project scope to preserve economic feasibility. Any such adjustments may prevent our delivery of space on time and within budget, delay occupancy and commencement of rental income, and impact projected net operating income and yields.”

Annual report 2025A · The company itself

“•Market and economic conditions may deteriorate, which can result in lower-than-expected rental rates. •We may face higher operating costs than we anticipated for development or redevelopment projects, including insurance premiums, utilities, security, real estate taxes, and costs of complying with changes in government regulations or increases in tariffs. •We may face higher requirements for capital improvements than we anticipated for development or redevelopment projects, particularly in older structures. •We may be unable to proceed with development or redevelopment projects because we cannot obtain debt and/or equity financing on favorable terms or at all. •We may fail to retain tenants that have pre-leased our development or redevelopment projects if we do not complete the construction of these properties in a timely manner or to the tenants’ specifications.”

Annual report 2025A · The company itself

“The price of commodities and skilled labor for our construction projects may increase unpredictably due to external factors, including, but not limited to, performance of third-party suppliers and contractors; overall market supply and demand; inflationary pricing; government regulation; international trade; and changes in general business, economic, or political conditions. As a result, the costs of raw construction materials and skilled labor required for the completion of our development and redevelopment projects may fluctuate significantly from time to time.”

Annual report 2025A · The company itself

“Elopak’s upstream value chain might be impacted by wildfires as a forest fire will have potential impact on access to paperboard. An extreme storm could disrupt direct operations for up to one week which may impact Elopak’s costs or lead to reduced revenues.”

Annual report 2024A · The company itself

“On average, 75% of our Pure-Pak ® cartons are made from naturally renewable paperboard from northern hemisphere forests.”

Annual report 2024A · The company itself

“Todellinen, negatiivinen vaikutus Arvoketjun alkupää Lyhyt–keskipitkä E5 Resurssien sisäänvirtaukset ja resurssien käyttö Enersensen toiminnassa käytetään paljon terästä, jolla on merkittäviä ympäristö- ja yhteiskunnallisia vaikutuksia. Infrastruktuurihankkeet ovat luonnonvaraintensiivisimpiä, sisältäen materiaaleja kuten rautaja terästuotteet, sementti ja betoni. Todellinen, negatiivinen vaikutus Arvoketjun alkupää, oma toiminta Lyhyt–pitkä ENERSENSE | KESTÄVYYSRAPORTTI | 45 Kestävyysaihe Vaikutuksen, riskin tai mahdollisuuden kuvaus Vaikutuksen luonne/ riski/mahdollisuus Arvoketjun kohta Aikahorisontti Sosiaaliset tiedot S1 Työllisyysturva Pitkäaikaiset työsuhteet lisäävät henkilökohtaista hyvinvointia taloudellisen vakauden ja tulevaisuutta koskevan stressin vähenemisen kautta.”

Annual report 2025A · The company itself

“Toimittajavalintojen kautta Enersense kehittää tuote- ja palveluvalikoimaansa ympäristöystävällisempään suuntaan, esimerkiksi hankkimalla vähäpäästöisempää terästä ja betonia.”

Annual report 2025A · The company itself

“E5 – Resurssien käyttö ja kiertotalous E5-1 – Resurssien käyttöön ja kiertotalouteen liittyvät toimintaperiaatteet Enersense soveltaa toimittajien vastuullisen toimintatavan ohjeita (Supplier Code of Conduct) hallitakseen rakennusmateriaalien käyttöön, kuten teräkseen, liittyvää vaikutusta. Toimittajien vastuullisen toimintatavan ohjeiden mukaan toimittajilta edellytetään rajallisten resurssien, kuten energian, veden ja raaka-aineiden tehokasta käyttöä sekä kierrätyksen ja uudelleenkäytön edistämistä. Yritys arvostaa toimittajia, jotka tarjoavat innovatiivisia ja hiilijalanjälkeä pienentäviä ratkaisuja toimitusketjussa.”

Annual report 2025A · The company itself

“Large quantities of construction materials are utilised in the construction and renovation of buildings, with concrete and steel being the most common. The key ingredient in concrete is cement, which is made from limestone extracted from quarries. Suppliers: Entra normally spends around NOK 2.5 billion per year on external suppliers. The main suppliers include the largest construction companies in Norway and their sub-suppliers, such as carpenters, electricians, and plumbers.”

Annual report 2024A · The company itself

“The most commonly used construction materials are concrete, metal, and timber.”

Annual report 2024A · The company itself

“Consequently, the most commonly used materials in such projects are glass, insulation, façade materials, gypsum boards, and technical equipment. Tenant alterations projects focus on updating and customising spaces to meet tenant needs and improve building functionality. These projects primarily involve materials such as drywall, glass, various flooring materials (including polyester carpets and ceramic tiles), lighting fixtures, porcelain for sanitary equipment, and paint.”

Annual report 2024A · The company itself

“We are currently experiencing rising construction costs which reflect the increase in cost of labor and raw materials, supply chain and logistic challenges, and high demand in our sector.”

Annual report 2025A · The company itself

“Table of Contents •Several of our key raw materials and components, in particular CdTe, tellurium, products containing tellurium, and substrate glass, and manufacturing equipment are either single-sourced or sourced from a limited number of suppliers, and their failure to perform could cause manufacturing delays, especially as we expand or seek to expand our business, and/or impair our ability to deliver solar modules to customers in the required quality and quantities and at a price that is profitable to us. •Our failure to effectively manage module manufacturing and related costs, including costs related to raw materials and logistics services, could render our solar modules uncompetitive and reduce our net sales, profitability, and/or market share. •Our future success depends on our ability to effectively balance manufacturing production with market demand, effectively manage our cost per watt, and, when necessary, continue to build new manufacturing plants over time in response to market demand, all of which are subject to risks and uncertainties.”

Annual report 2025A · The company itself

“Vi er derfor glade for vores strategiske valg om i al væsentlighed at indkøbe råvarer fra Europa, såvel som at størstedelen af vores Flügger-produkter produceres i Danmark og Sverige.”

Annual report 2026A · The company itself

“RISIKO BESKRIVELSE PÅVIRKNING HANDLING Tilgængelighed og prisudvikling på råvarer og emballage Flügger er afhængig af råvarernes tilgængelighed og prisudvikling. Det gælder i særdeleshed titandioxid og bindere, der er nøgleingredienser i produktion af maling og spartel. Stigende råvarepriser kan ikke nødvendigvis på den korte bane overføres direkte til salgspriserne, og omvendt forholder det sig ved faldende råvarepriser.”

Annual report 2026A · The company itself

“SalgskanalerLager End of lifeProduktionR&D Kunder Leverandør Værdikæde Egne aktiviteter Værdikæde Klimaforandringer Diversitet Forretningsadfærd Luftforurening Klimaforandringer Energi Luftforurening Byggemarkeder Nethandel SalgskanalerLager End of lifeProduktionR&D Kunder Leverandør Værdikæde Egne aktiviteter Værdikæde Klimaforandringer Diversitet Forretningsadfærd Luftforurening Klimaforandringer Energi Luftforurening Byggemarkeder Nethandel SalgskanalerLager End of life ProduktionR&D Kunder Leverandør Værdikæde Egne aktiviteter Værdikæde Klimaforandringer Diversitet Forretningsadfærd Luftforurening Klimaforandringer Energi Luftforurening Byggemarkeder Flügger er en international koncern, med hovedkontor i Danmark, der udvikler, producerer, markedsfører og sælger et bredt sortiment inden for maling, træbeskyttelse, spartel, vægbeklædning og tilbehør.”

Annual report 2026A · The company itself

“GRK:n keskeisiä alkupään toimintoja ja toimijoita ovat raaka-aineiden tuottajat, materiaalien valmistajat, kuljetuspalvelut ja aliurakoitsijat.”

Annual report 2025A · The company itself

“Our houses are built from materials such as timber, aerated concrete, concrete, brick, steel and glass”

Annual report 2025A · The company itself

“The guidance assumes no severe disruption of supply chains or raw material prices significantly exceeding current levels.”

Annual report 2025A · The company itself

“Sannolikheten för att kostnader och tillgång för klimatpåver - kande produkter, såsom betong och stål, förväntas öka. De finansiella konsekvenserna för dessa kostnader förväntas däremot att minska jämfört med scenarioanalysen föregående år.”

Annual report 2024A · The company itself

“Kostnader för råvaror och material Planering Produktion Ökad kostnad: • Råvaror • Material • Import • Logistik Effektiv planering Effektiv produktion Leverantörsval Hanteras enligt: • Avtalshantering • Upphandling • Ramavtal 4. Klimatpåverkande produkter (betong och stål) Planering Produktion Ökad kostnad: • Betong • Stål Teknisk utveckling Andra material, t.ex. trä, klimatförbättrad betong och stål Hanteras genom delaktighet i: • Branschutveckling • Forskning • Färdplaner 5.”

Annual report 2024A · The company itself

“Inom produktionen använder JM flera material som leder till stora utsläpp av växhusgaser, exempelvis betong och stål.”

Annual report 2024A · The company itself

“Det mest använda materialet – baserat på kostnader är prefabricerad betong.”

Annual report 2024A · The company itself

“JMs förmåga att påverka hela byggbranschen är ett resultat av en målmedveten satsning på centraliserade inköp. Genom ett standardiserat sätt att designa och bygga kan JM konsolidera inköpsvolymer och dra nytta av ramavtal.”

Annual report 2024A · The company itself

“Vid behov kan underentreprenörens anställda även kontakta platsledningen direkt för att ta upp frågor som kräver omedelbar uppmärksamhet. • JM har kartlagt vilka leverantörer som har störst påverkan på JMs klimatavtryck. De identifierade leverantörerna behöver uppvisa egna klimatmål med handlingsplaner och Environmen - tal Product Declarations (EPD), som beskriver deras produkters klimatpåverkan. Till 2026 ska JMs materialleverantörer som står för cirka 70 procent av JMs klimatpåverkan i leverantörsledet ha ett publikt klimatmål och färdplan (gäller för scope 1, 2 och 3 enligt GHG-protokollet eller likvärdigt).”

Annual report 2024A · The company itself

“Moreover, our businesses are capital intensive. For our owned, leased and managed properties to remain attractive and competitive, we must periodically invest significant capital to keep the properties well-maintained, modernized and refurbished.”

Annual report 2025A · The company itself

“Indkøb af byggematerialer som evalueres på kvalitet, pris og ESG-risici”

Annual report 2025A · The company itself

“En væsentlig negativ indvirkning relaterer sig til koncernens høje forbrug af primære råstoffer, særligt beton og stål, som medfører betydelige miljømæssige påvirkninger i forbindelse med udvinding, forarbejdning og transport. Det omfattende materialeforbrug er en grundlæggende forudsætning for gennemførelsen af koncernens bygge- og anlægsprojekter.”

Annual report 2025A · The company itself

“We are also subject to potential volatility in the price of commodities that impact costs of materials used in our homebuilding business.”

Annual report 2025A · The company itself

“A shortage of building materials or labor, or increases in materials or labor costs may adversely impact our operations. The homebuilding business has from time to time experienced building material and labor shortages, including fluctuating lumber prices and supply.”

Annual report 2025A · The company itself

“Additionally, we are dependent upon building material suppliers for a continuous flow of raw materials. Whenever possible, we utilize standard products available from multiple sources. In the past, such raw materials have been generally available to us in adequate supply, however, increased construction activity and demand for building materials could lead to supply chain disruptions.”

Annual report 2025A · The company itself

“Segment profit was negatively impacted by a decrease in the segment's gross profit margin percentage to 25.5% in 2025 from 26.0% in 2024 due primarily to an increase in certain material costs.”

Annual report 2025A · The company itself

“Gross profit margin was negatively impacted by higher lot costs and certain operating costs, as well as by pricing pressure due primarily to continued affordability challenges.”

Annual report 2025A · The company itself

“The segment's gross profit margin percentage decreased to 18.3% in 2025 from 22.3% in 2024. Gross profit margins were negatively impacted primarily by higher lot costs, an increase in certain operating costs, and an increase in lot deposit impairment charges year over year.”

Annual report 2025A · The company itself

“De största utsläppen av växthusgaser från Peabs verksamhet har främst koppling till material som används i vår produktion, såsom betong, stål och asfalt.”

Annual report 2024A · The company itself

“Uppströms Tillgång till kritiska insatsmaterial • Cement, bitumen, alternativa bindemedel kan innebära försörjningsrisker då tillgången är begränsad till få leverantörer.”

Annual report 2024A · The company itself

“De senaste åren har det skett kraftiga prisökningar på material och energi. Vi har under det senaste året dock noterat att materialpriserna stagnerat och även noterat en viss prisnedgång främst på energi.”

Annual report 2024A · The company itself

“Ett led i det är vårt fokus på insatsvaror, där vi har kommit långt. Insatsmaterial, markberedning, grundläggning, prefabricerade byggelement och stommar är exempel på ingående delar oavsett vad som ska byggas.”

Annual report 2024A · The company itself

“I ECO- Betong, som numera är standard i Peabs svenska bygg- och anläggningsverksamheten, ersätts en del av den klimatbelastande cementen med slagg. Det ger upp till 50 procent lägre koldioxidutsläpp.”

Annual report 2024A · The company itself

“Exempel på kritiska råvaror med få leverantörer är cement till vår betongverksamhet och bitumen till vår asfaltsverksamhet.”

Annual report 2024A · The company itself

“ECO-Prefab: Byggelement gjorde en investering på närmare en halv miljard kronor i sina produktionsanläggningar i Ucklum och Hallstahammar som fördubblar produktions - kapaciteten på väggar och bjälklag och samtidigt halverar cementbehovet genom att låta andelen alternativa bindemedel uppgå till minst 50 procent.”

Annual report 2024A · The company itself

“Under 2024 har vi till exempel gjort provgjutningar med nya bindemedel från vår samarbetspartner som tillverkar bindemedel med påtagligt lägre klimatbelastning, jämfört med dagens bindemedel i betong.”

Annual report 2024A · The company itself

“Därtill arbetar vi med att utveckla lösningar som innebär att material som idag har stor klimatpåverkan substitueras i så stor utsträckning som möjligt med hänsyn till teknologi, prestanda, kvalitet och marknad samt att förutsättningarna för återbruk och återvinning förbättras ständigt.”

Annual report 2024A · The company itself

“Byggelement erbjuder såväl skalväggar och massivväggar som halvsandwichväggar i ECO 60, där 60 procent av cementen är ersatt med Merit.”

Annual report 2024A · The company itself

“2024 lanserade vi erbjudandet ECO-Pålar som är tillverkat av klimatförbättrad betong för grundläggning i geotekniskt krävande förhållanden.”

Annual report 2024A · The company itself

“Jungfruliga material Peab har en betydande verksamhet inom råvaruförsörjning, där vi förser samhället med nödvändiga konstruktionsmaterial, såsom ballast som till exempel används för järnvägsbyggnation och betongtillverkning. Vi arbetar för en ökad användning av cirkulära material, men använder också grusoch bergmaterial från egna täkter.”

Annual report 2024A · The company itself

“I ECO-Betong används Merit, eller motsvarande bindemedel, och produkten uppfyller kraven för klimatförbättrad betong enligt Svensk Betongs standard. Den har väsentligt lägre klimatavtryck än standardbetong. Med klimatförbättrad betong avses betong med minst tio procent reducerade koldioxidutsläpp, jämfört med referensbetong med samma funktion.”

Annual report 2024A · The company itself

“Anläggning utför mark- och ledningsarbeten, bygger och underhåller vägar, järnvägar, broar och annan infrastruktur samt utför grundläggningsarbeten.”

Annual report 2024A · The company itself

“Nyckeltal 2024 2023 Nettoomsättning, Mkr 21 548 19 962 Rörelseresultat, Mkr 1 415 962 Rörelsemarginal, % 6,6 4,8 Sysselsatt kapital vid årets utgång, Mkr 9 920 10 699 Operativt kassaflöde, Mkr 2 324 1 012 Betong, tusentals m 3 1) 916 1 104 Beläggning, tusentals ton 1) 6 671 5 511 Ballast, tusentals ton 1) 1) Avser såld mängd Förvaltningsberättelse 119Förvaltningsberättelse 119 råmaterial. Vi har såväl egna strategiskt placerade täkter runtom i Norden som våtsiktar som återvinner överskottsmassor från byggoch anläggningsprojekt.”

Annual report 2024A · The company itself

“Höga beläggningsvolymer Peab har en stark position på de nordiska marknaderna inom beläggning.”

Annual report 2024A · The company itself

“Förbättringen förklaras av ökad intjäning inom beläggning, framför allt i Finland kopplat till den finska statens extraanslag till vägunderhåll 2024.”

Annual report 2024A · The company itself

“Betong, byggsystem och uthyrning uppvisade lägre rörelseresultat till följd av den svagare bostadsmarknaden.”

Annual report 2024A · The company itself

“Færdigbeton 709.912 [ton]”

Annual report 2025B · From the report

“Asfalt 158.657 [ton]”

Annual report 2025B · From the report

“Opstrøms, nedstrøms og egne operationer E5 RESSOURCETILSTRØMNING, HERUNDER RESSOURCEFORBRUG Påvirkning, risiko eller mulighed Navn Værdikæde Tidshorisont Negativ påvirkning Gennem et stort forbrug af CO2-intensive materialer har koncernen en væsentlig påvirkning. Det gælder fx materialer som stål, spuns, cement og færdigbeton samt materialetransport.”

Annual report 2025A · The company itself

“Øget knaphed på vigtige råstoffer (sand, grus, kalk) Fysisk/transitionel Ressourcemangel kan give forsyningsproblemer og øgede omkostninger på grund af efterspørgsel og strammere regulering. Prisstigninger eller tilladelsesforsinkelser kan forsinke projekter.”

Annual report 2025A · The company itself

“Her kan nævnes beton, som vi bruger store mængder af på vores projekter. I bygge- og anlægsbranchen bliver betonaffald oftest knust og herefter nyttiggjort som stabilgrus på anlægsprojekter.”

Annual report 2025A · The company itself

“- Genanvendt indhold 25.793 4 Cement 115.959 - Genanvendt indhold 10.492 9 Armeringsstål 64.768 - Genanvendt indhold 62.405 96 Anlægskomponenter i stål 19.823 - Genanvendt indhold 12.793 65 Asfalt 158.657 - Genanvendt indhold 46.399 29 Total vægt 1.069.119 Total vægt genanvendt indhold 157.882 15 Det genanvendte indhold for de udvalgte materialekategorier findes ved at omregne scope 3-enheder til mængdeenheder.”

Annual report 2025A · The company itself

“De primære materialer, som vi er i berøring med, er beton, cement, stål (blandt andet spuns og armeringsstål) og asfalt.”

Annual report 2025A · The company itself

“Selskapets største fotavtrykk på klima og miljø ligger i leverandørkjeden og de største utslippene kommer fra materialene som benyttes i byggene.”

Annual report 2024A · The company itself

“Prosjektkostnadene er hovedsakelig knyttet til byggekostnader for overleverte boliger.”

Annual report 2024A · The company itself

“A key part of AEP’s business is replacing and upgrading transmission facilities, assets and components of the existing AEP System as needed to maintain reliability.”

Annual report 2025A · The company itself

“Integration may be difficult and unpredictable for many reasons, including, among other things, increased construction costs or supply chain disruptions, portfolios without requisite permits, differing systems, cultural differences, conflicting policies, procedures and operations or with incomplete information.”

Annual report 2025A · The company itself

“The Company has ongoing infrastructure renewal programs in all states in which its Regulated Businesses operate. These programs consist of both the rehabilitation of existing mains and equipment, and the replacement of mains and equipment that have been damaged or have reached, or are near, the end of their useful service lives.”

Annual report 2025A · The company itself

“Table of Contents Capital Investment The Company plans to invest between $46 billion and $48 billion over the next 10 years for capital improvements, including acquisitions, to its Regulated Businesses’ water and wastewater infrastructure, largely for pipe replacement and upgrading aging water and wastewater treatment facilities. The Company is proactively improving its pipe renewal rate from what was a 250-year replacement cycle in 2009 to a less than a 150-year replacement cycle on average over the last five years.”

Annual report 2025A · The company itself

“The following tables set forth our insurance segment’s net premiums written by major line of business: Year Ended December 31, 2025 2024 Amount % Amount % North America Property and short-tail specialty $ 1,329 17.0 $ 1,220 17.7 Other liability - occurrence 1,302 16.7 1,002 14.6 Other liability - claims made 793 10.2 858 12.5 Commercial multi-peril 781 10.0 461 6.7 Commercial automobile 602 7.7 485 7.1 Workers compensation 576 7.4 555 8.1 Other 341 4.4 288 4.2 Total North America 5,724 73.4 4,869 70.8 International Property and short-tail specialty $ 1,102 14.1 $ 1,082 15.7 Casualty and other 972 12.5 923 13.4 Total International 2,074 26.6 2,005 29.2 Total $ 7,798 100.0 $ 6,874 100.0 Net premiums written by the insurance segment were 13.4% higher in 2025 than in 2024.”

Annual report 2025A · The company itself

“Construction The Group strategically partnered with Hazen & Sawyer, an engineering company with extensive and proven experience in designing large scale US wastewater projects, as our US Phase 2 construction design consultants, in cooperation with proven suppliers of fish farming related components and solutions.”

Annual report 2024A · The company itself

“We anticipate making significant capital expenditures for the foreseeable future to modernize our distribution and transmission system, to comply with the safety rules and regulations issued by the regulatory authorities responsible for the service areas in which we operate, and to prepare to serve the growing needs of the communities we serve. Between fiscal years 2026 and 2030, we anticipate spending approximately $26 billion, with more than 80 percent dedicated to safety and reliability spending. The magnitude and allocation of these expenditures may be affected by factors such as new policy and regulations, population growth, and increased labor and materials costs.”

Annual report 2025A · The company itself

“IET solutions unlock the ability to transform, transfer, and transport energy efficiently, while capturing and reducing emissions, with customers that are industrial, upstream, midstream, and downstream, onshore and offshore, and small-to-large scale operators. Midstream and downstream customers include LNG plants, pipelines, storage facilities, and a wide range of engineering, procurement, and construction companies, as well as industrial sector customers such as data centers, utilities, marine, cement, steel and refinery and petrochemical producers.”

Annual report 2025A · The company itself

“Fiberglass is made from earthen raw materials and recycled glass.”

Annual report unknown yearA · The company itself

“Det omfattar även befintliga biprodukter, som svavelsyra och potentiella nya produkter. Vi håller till exempel på att ta fram en prototyp för ersättning av cement som har låga växthusgasutsläpp och tillverkas av restmaterial från metallproduktion. Green Transition Metals är vår portfölj av produkter med lågt klimatavtryck och återvunna produkter.”

Annual report 2024A · The company itself

“Med en sänkning av räntan, förväntningar om ökad köpkraft och en lägre grad av osäkerhet i ekonomin som helhet, i kombination med nedkylning av byggkostnadsökningar, talar mycket för att bostadsbyggandet har nått botten.”

Annual report 2024A · The company itself

“Att utveckla och bygga bostäder är en resursintensiv verksamhet som tar mycket material och mark i anspråk.”

Annual report 2024A · The company itself

“Trots den lägre affärsvolymen uppnådde vi stabila operativa marginaler, med en operativ bruttomarginal om 11,6 (10,7) procent och en operativ rörelsemarginal om 3,5 (5,0) procent, tack vare en lägre kostnadsbas och förbättrade projektmarginaler.”

Annual report 2024A · The company itself

“Bristen på byggmaterial och tjänster orsakar förseningar i bolagets bostadsprojekt och leder till ökade kostnader.”

Annual report 2024A · The company itself

“The value chain includes mining and extraction of raw materials such as bauxite, andalusite and chamotte, manufacturing of refractory traded goods, road and sea transportation, support functions such as maintenance, cleaning and IT, refractory production, installations and repairs, real estate activities and waste management.”

Annual report 2024A · The company itself

“Vi installerar el, värme, sanitet, rör, ventilation och många andra tekniska lösningar.”

Annual report 2024A · The company itself

“Våra vanligaste tjänster El Värme och sanitet Ventilation Automation Säkerhet och brandsäkerhet Energilösningar för samhällets omställning Energy Management Fastighetsautomation GreenHub fossilfri service Solpaneler Elbilsladdning Vi erbjuder även Projektledning och design Critical Power Teknisk Facility Management Industrirör Kraft Sprinkler Kyla Lösningar för framtiden Tillsammans med våra kunder skapar vi lösningar nu och för framtiden.”

Annual report 2024A · The company itself

“Significant lines of coverage and capabilities are: Property & Casualty Employee Benefits Personal Insurance Property Group Health Homeowners Casualty Voluntary Benefits Automobile Workers' Compensation Pharmacy Benefits Personal Excess Liability Surety Independent Retirement Flood and Excess Liability Aviation International Benefits Flood and Excess Flood Private Equity/Mergers & Acquisitions Employer Stop Loss Specialized Coverages Executive Liability Long-Term Care Group Excess Cyber Risk Multinational Property & Casualty - Capabilities Employee Benefits - Capabilities Specialties Analytics Benefit Design & Delivery Dealer Services Modeling Financial Strategy & Analytics Specialty Risk Solutions Risk Services Regulatory & Legislative Strategy Tribal Nations Alternative Risk/Captives Technology Services Total Rewards & Compensation Specialty Risk Solutions Population Health & Well-Being Strategic Non-Medical Solutions Private Equity/Mergers & Acquisitions No material part of our Retail segment is attributable to a single customer or a few customers.”

Annual report 2025A · The company itself

“Our ability to offer a wide variety of products to our customers is dependent upon our ability to obtain adequate product supply from manufacturers and other suppliers. Historically, our products were obtainable from various sources and in sufficient quantities.”

Annual report 2025A · The company itself

“Specialty building products and services consist of various products, including vinyl, composite and wood siding, exterior trim, metal studs, cement, roofing, insulation, wallboard, ceilings, cabinets and hardware.”

Annual report 2025A · The company itself

“Platesegmentet består av selskapene Huntonit AS, Forestia AS og Smartpanel AS. Platesegmentet hadde i 2024 høyere salgsinntekter og bedre driftsresultat sammenlignet med 2023.”

Annual report 2024A · The company itself

“Bjelkesegmentet består av selskapene Masonite Beams AB, Masonite Beams Ltd og Masonite Beams AS.”

Annual report 2024A · The company itself

“Segmentet vindu består av selskapet Uldal AS.”

Annual report 2024A · The company itself

“Verksamheterna bedrivs inom affärsområdena Mark & Anläggning samt Vatten & Avlopp. Affärsstrategin är att äga och utveckla onoterade bolag med en tydlig affär och att genom ett engagerat ledarskap, entreprenörskap och synergier mellan bolagen driva gruppen mot ökad tillväxt och lönsamhet.”

Annual report 2024A · The company itself

“Vi anser att bolaget förtjänar en högre värdering. Värdering 645 IRR: 25% 4,7x Infrea Infreas för närvarande 15 bolag erbjuder produkter, tjänster och service inom infrastruktur och samhällsbyggnad.”

Annual report 2024A · The company itself

“Capsol’s strategy is to focus on hard-to-abate industries where its technologies have significant competitive advantages and engage in partnerships with leading companies globally to further improve value propositions and extend reach.”

Annual report 2024A · The company itself

“Sustainability strategy aligned with strategic priorities Sustainability strategy Capsol provides solutions that enable production of low carbon energy through carbon capture from cement, biomass, energy-from-waste and gas turbines.”

Annual report 2024A · The company itself

“Key segments include cement, biomass, energy-from-waste and gas turbines.”

Annual report 2024A · The company itself

“Capsol has reached a commercial inflection point in biomass, energy -from-waste, and cement, where we are emerging as a preferred carbon capture technology over industry incumbents.”

Annual report 2024A · The company itself

“Capsol offers carbon capture solutions for hard-to-abate industries like cement, energy-from-waste, biomass and gas turbines, creating long-term value for customers, shareholders, society and the environment.”

Annual report 2024A · The company itself

“CapsolEoP® (end-of-pipe) is a full-scale, post-combustion carbon capture solution designed for large industrial emitters across cement, biomass, EfW, power generation and process industries.”

Annual report 2024A · The company itself

“Construction costs risk Construction costs may increase. This potential increase is mainly related to rises in the costs of hiring a qualified workforce, as well as increases in the costs of building materials.”

Annual report 2025A · The company itself

“Part of the insured exposure increase reflects our response to inflation effects that increase the cost of building materials to repair damaged commercial structures. We use building valuation software to automate much of that underwriting process and may also manually adjust premiums to reflect property costs.”

Annual report 2025A · The company itself

“Costs of development projects could increase due to rising construction costs or projects could be delayed due to unforeseeable challenges.”

Annual report 2025A · The company itself

“General Description of Business Coherent develops, manufactures, and markets lasers, transceivers, and other optical and optoelectronic devices, modules, and systems, as well as engineered materials, for use in datacenter & communications, as well as industrial applications, including precision manufacturing, energy, semiconductor & display capital equipment, and instrumentation.”

Annual report 2026A · The company itself

“During Fiscal 2026, we spent more than $700 million on modular capacity addition activities which continue at our breweries to support expected future business needs. In Fiscal 2027, we expect to spend approximately $800 million for capital expenditures almost entirely focused on these activities.”

Annual report 2026A · The company itself

“Business Overview CRH is the leading provider of building materials critical to modernizing infrastructure. With our team of 83,032 people across 3,961 locations, our unmatched scale, connected portfolio, and deep local relationships make us the partner of choice for transportation, water and reindustrialization projects, shaping communities for a better tomorrow.”

Annual report 2025A · The company itself

“Americas Materials Solutions Americas Materials Solutions manufactures and supplies building materials for the construction and maintenance of public and private infrastructure, commercial and industrial applications, and residential buildings in North America. The primary materials produced by this segment include aggregates, cementitious materials, readymixed concrete and asphalt.”

Annual report 2025A · The company itself

“Aggregates Aggregates are naturally occurring mineral deposits such as granite, limestone and sandstone. CRH extracts these deposits and processes them for sale as aggregates products such as crushed stone, sand and gravel. Typically, aggregates are used in road and rail infrastructure, building foundations and in the production of products including concrete and asphalt.”

Annual report 2025A · The company itself

“Annualized aggregates sales volumes1 in 2025 were 380.7 million tons of which the Americas Division and International Division were 231.1 million tons and 149.6 million tons, respectively.”

Annual report 2025A · The company itself

“CRH FORM 10-K Concrete Concrete is a highly versatile building material, comprised of aggregates bound together with cement and water. Readymixed concrete is the most commonly used form of concrete. It forms the foundations of buildings and homes, roads, tunnels and bridges, water management systems and clean energy structures.”

Annual report 2025A · The company itself

“Annualized readymixed concrete sales volumes2 in 2025 were 39.5 million cubic yards of which the Americas Division and International Division were 16.7 million cubic yards and 22.8 million cubic yards, respectively.”

Annual report 2025A · The company itself

“Asphalt Asphalt consists of aggregates bound together with bitumen and is widely used as a surface material in roads, bridges, airport runways, sidewalks and other amenities. In recent years, the use of recycled materials in asphalt has increased considerably. Using materials from existing road surfaces to produce new asphalt reduces the demand for virgin material, extends the life of our aggregates reserves and contributes to reducing the carbon footprint of the product.”

Annual report 2025A · The company itself

“Annualized asphalt sales volumes2 in 2025 were 62.8 million tons of which the Americas Division and International Division were 52.9 million tons and 9.9 million tons, respectively.”

Annual report 2025A · The company itself

“Significant building materials operating locations for CRH’s subsidiaries, as of December 31, 2025, are the cementitious facilities in the United States, Canada, United Kingdom, Ireland, France, Poland, Ukraine, Romania, Slovakia, Australia, and the Philippines. These facilities include plant and equipment such as kilns, crushers, calciners, coolers, and silos used to process limestone and other raw materials into cement as well as equipment used to extract and transport limestone from CRH quarries.”

Annual report 2025A · The company itself

“The clinker (the key intermediate product in the manufacture of cement) capacity for our significant building material locations is set out in the table below: Country Number of Plants Average Clinker Capacity (tons per hour) Americas Materials Solutions South United States 4 602 West United States 6 780 Great Lakes United States, Canada 2 298 International Solutions Western Europe United Kingdom, Ireland, France Poland, Ukraine, Romania, Slovakia 8 1,712 Australia Australia 2 204 Philippines Philippines 5 714 During 2025, CRH’s material cement kilns operated on average at 72% utilization.”

Annual report 2025A · The company itself

“CRH FORM 10-K Mineral Reserves and Resources Background CRH’s mineral reserves (reserves) and mineral resources (resources) for the production of primary building materials (which encompasses aggregates (crushed stone, sand and gravel), cement and lime, asphalt, readymixed concrete and concrete products) fall into a variety of categories spanning a wide number of rock types and geological classifications.”

Annual report 2025A · The company itself

“We typically do not maintain significant inventories of land development or construction materials, except for work in progress materials for active development projects and homes under construction. Generally, the construction materials used in our operations have been readily available from numerous sources, and we have contracts exceeding one year with certain suppliers of building materials that are cancelable at our option.”

Annual report 2025A · The company itself

“Our ability to timely and profitably open, relocate and remodel stores and expand into additional market areas is a key component of our planned future growth and may depend in part on: the availability of suitable store locations and capital funding; the absence of entitlement process, permitting or occupancy delays, including zoning restrictions and moratoria on small box discount retail development such as those passed by certain local governments in areas where we operate or seek to operate; supply chain volatility resulting in delivery delays, and in some cases, lack of availability of store equipment, building materials, and store merchandise for resale; the ability to negotiate acceptable lease and development terms (for example, interest rates, real estate development requirements and cost of building materials and labor), to cost-effectively hire and train qualified new personnel, especially store managers, and to identify and accurately assess sufficient customer demand; and general economic conditions.”

Annual report 2026A · The company itself

“We have experienced higher construction, rent, commodity and other costs associated with the build-out of new stores and the renovation of existing stores. We have also experienced delays in new store openings and the renovation of existing stores due to inspection, permitting and contractor delays and limitations on the availability of certain fixtures and equipment.”

Annual report 2026A · The company itself

“• Ökade investeringskostnader inom innovation och produktion till följd av strängare lagstiftning för tillverk - ningsprocesser och -material, energikällor och produkters miljöprestanda. • Högre kostnader för sålda varor på grund av prishöj - ningar på råvaror, energi och distribution, samt högre koldioxidskatter. • Ökade kostnader för anläggningar på grund av f örändrade väderförhållanden. • Förändrade konsumtionsmönster.”

Annual report 2024A · The company itself

“Paper organic sales declined 3% in 2025 as continued new business wins were more than offset by ongoing soft customer production rates. ​Organic sales were flat in 2024 as strong new business wins were offset by soft customer production rates.”

Annual report 2025A · The company itself

“Capital Program Capital Expenditures Total capital expenditures (including accruals) were $6.7 billion in 2025 and $5.7 billion in 2024. SCE's capital expenditure forecast has been updated to reflect planned CPUC-jurisdictional spending as informed by the 2025 GRC final decision and expected FERC capital expenditures.”

Annual report 2025A · The company itself

“3.6 Manufacture of other low carbon technologies Substantial contribution to Climate change mitigation: Elkem’s Microsilica improves concrete performance, making it more durable, increasing the service life and reducing maintenance costs. It also contributes to reducing the carbon footprint for a concrete mix.”

Annual report 2024A · The company itself

“We already supply products based on circular economy principles, such as Microsilica, which is used in major construction projects.”

Annual report 2024A · The company itself

“Silica fume, also known as Microsilica, is a byproduct of the carbothermic reduction of high purity quartz in electric arc furnaces. Originally a residual product emitted into the air until the 1980s, Elkem transformed this by-product into a range of valuable materials, contributing to the construction of iconic structures such as some of the world’s tallest buildings and longest bridges.”

Annual report 2024A · The company itself

“Vår upphandling av material och förnödenheter omfattar en rad nätverksmaterial och komponenter. Omfattningen av ansvaret för materialupphandling som vi tar på oss varierar mellan olika projekt, beroende på specifika kund- och projektkrav.”

Annual report 2024A · The company itself

“Efterfrågan från bygg- och anläggningskunder var däremot fortsatt svag, vilket påverkade orderingången för specialtillbehör negativt, särskilt på viktiga marknader som USA och Europa.”

Annual report 2024A · The company itself

“Efterfrågan från infrastrukturkunder var blandad, med stabil efterfrågan från kunder inom tunnel- och anläggningsarbeten, medan efterfrågan från byggkunder var fortsatt svag.”

Annual report 2024A · The company itself

“I 2024 ferdigstilte vi første fase av Northern Lights, og verdens første anlegg for transport- og lagring av CO2 på tvers av landegrenser står klart til å motta og lagre CO2. Northern Lights tilbyr en infrastruktur for CO2-lagring med transport av CO2 med skip fra industrielle anlegg med CO2-fangst til en mottaksterminal i Øygarden i Norge for mellomlagring før videre transport i rørledning for sikker og permanent lagring i et reservoar 2600 meter under havbunnen. I tidsrommet 2025-2030 vil Northern Lights starte injeksjon av CO2 fra tredjepart, fra Heidelberg Materials (sementfabrikk) og andre kunder som Ørsted Kalundborg-industriklyngen (biogen CO2), Yara (gjødselsfabrikk) og Klemetsrud avfallsbehandlingsanlegg.”

Annual report 2024A · The company itself

“De huvudsakliga resursinflödena uppkommer i samband med nyproduktion och innehåller diverse byggmaterial, däribland betong, cement, trä och stål.”

Annual report 2024A · The company itself

“A key milestone during the year was 15.9% Adjusted EBITA margin in 2025 the completion of the divestment of the Cement business, enabling full management attention and capital allocation towards our core Mining activities.”

Annual report 2025A · The company itself

“Compliance with emissions standards, ZEV requirements, fuel economy standards, OBD requirements, emissions warranty requirements, and related regulations can be challenging and can drive increased product development costs, production costs, higher retail prices, warranty costs, and vehicle recalls.”

Annual report 2025A · The company itself

“Geopolitiska förändringar från politiska beslut, makroekonomiska händelser eller händelser globalt eller i närregionen kan leda till brist på eller ökade kostnader för insatsvaror. ökade elkostnader eller ett försämrat säkerhetsläge som påverkar bolagets verksamhet eller marknader.”

Annual report 2024A · The company itself

“Projects such as those for Aker Solutions in Verdal, Nexans in Halden, REEtec in Herøya, and Hydro Aluminium contribute to SDG #9.”

Annual report 2024A · The company itself

“Mineral materials mainly sand, water and lime”

Annual report 2025A · The company itself

“Cement added for AAC products”

Annual report 2025A · The company itself

“H+H's core activities are the production and sale of autoclaved aerated concrete (AAC) and calcium silicate units (CSU)”

Annual report 2025A · The company itself

“Calcium Silicate Units (CSU), used for multifamily urban housing”

Annual report 2025A · The company itself

“The majority comes from raw materials such as cement and lime.”

Annual report 2025A · The company itself

“Financial outlook 2026 13 32% 32% 36% Aircrete Factories Calcium Silicate Factories Sales and Administration Headquarter H+H at a glance H+H’s core activity is the manufacture and sale of wall-building materials. The main product lines are aircrete blocks and calcium silicate units, which are used in the residential new-build segment.”

Annual report 2025A · The company itself

“H+H's core activities are the production and sale of autoclaved aerated concrete (AAC) and calcium silicate units (CSU). The products are building blocks used for wall building, foundations and precast wall panel solutions, primarily in the residential new-build segment.”

Annual report 2025A · The company itself

“Also, while we have been impacted by inflationary cost increases, primarily related to chemicals, cement, and logistics costs, we generally try to pass much of those increases on to our customers and we believe we have effective solutions to minimize their operational impact.”

Annual report 2025A · The company itself

“OUR PRODUCTS AND SERVICES A typical Home Depot store stocks approximately 30,000 to 40,000 items during the year, including both national brand name and proprietary products, across the following merchandising departments: Appliances, Bath, Building Materials, Electrical, Flooring, Hardware, Indoor Garden, Kitchen & Blinds, Lighting, Lumber, Millwork, Outdoor Garden, Paint, Plumbing, Power, and Storage & Organization.”

Annual report 2026A · The company itself

“In fiscal 2024, we acquired SRS, a leading residential specialty trade distribution company across several verticals engaged in the distribution of residential and commercial roofing products and complementary building products, landscape supplies, and swimming pool supplies serving the professional roofer, landscaper, and pool contractor.”

Annual report 2026A · The company itself

“The acquisition of GMS by SRS in fiscal 2025 further expanded our ability to serve Pros by adding specialty interior building products such as wallboard, ceilings, steel framing and complementary products for residential and commercial projects.”

Annual report 2026A · The company itself

“GMS Acquisition On June 29, 2025, we entered into a definitive agreement to acquire GMS, a leading distributor of specialty building products, including drywall, ceilings, steel framing and other complementary construction products, through branches located across the U.S. and Canada.”

Annual report 2026A · The company itself

“Our hotels have an ongoing need for renovations and potentially significant capital expenditures in order to remain competitive in the marketplace, to maintain brand standards or to comply with applicable laws or regulations. The timing and costs of such renovations or improvements may result in reduced operating performance during construction and may not improve the return on these investments.”

Annual report 2025A · The company itself

“Husqvarna Group är även ledande inom utrustning för sågning och borrning i betong, golvarbeten samt diamantverktyg för byggindustrin.”

Annual report 2024A · The company itself

“En helhetsleverantör inom utrustning för byggindustrin Varumärken Under varumärket Husqvarna erbjuder vi marknadsledande produkter för byggindustrin. I vårt erbjudande ingår utrustning för kapning och borrning i betong, anläggning och bearbetning av betongytor och betonggolv samt fjärrstyrd demolering och diamantverktyg.”

Annual report 2024A · The company itself

“Building rental homes and rental communities also involves significant risks to our business, such as delays or cost increases due to changes in or failure to meet regulatory requirements, including permitting and zoning regulations, failure of lease rentals on newly-constructed properties to achieve anticipated investment returns, inclement weather, adverse site selection, unforeseen site conditions or shortages of suitable land, construction materials, and labor, and other risks. We may be unable to build new rental homes and rental communities that generate acceptable returns, and, as a result, our growth and results of operations may be adversely impacted.”

Annual report 2025A · The company itself

“In general, before a previously owned home is acquired or first becomes vacant after acquisition, our in-house teams begin the renovation process by preparing a detailed renovation budget and scope of work based on an assessment of each property’s major systems and structural features. These include HVAC, roofs, pools, and plumbing and electrical systems. In addition, we also evaluate other features of the home’s fit and finish, including appliances, landscaping, decks and/or patios, and fixtures.”

Annual report 2025A · The company itself

“We may not be able to effectively control the timing and costs relating to the renovation and maintenance of our properties, which may adversely affect our operating results and ability to make distributions to our stockholders. Most of our properties require some level of renovation either immediately upon their acquisition or in the future following expiration of a lease or otherwise.”

Annual report 2025A · The company itself

“Consequently, we routinely retain independent contractors and trade professionals to perform physical repair work and are exposed to all of the risks inherent in property renovation and maintenance, including potential cost overruns, increases in labor and materials costs, delays by contractors in completing work, delays in the timing of receiving necessary work permits, delays in receiving materials, fixtures, or appliances, certificates of occupancy, and poor workmanship.”

Annual report 2025A · The company itself

“Future acquisitions of properties and development projects may be more costly and have lower yield characteristics than recent past and present opportunities. The following factors, among others, may make acquisitions or development activities more expensive: •improvements in overall economic conditions and employment levels; •greater availability of consumer credit; •improvements in the pricing and terms of mortgages; •the emergence of increased competition for single-family properties and developable land from private investors and entities with similar investment objectives to ours; •tax or other government incentives that encourage homeownership; and •increases in construction costs, including labor, materials, and supplies or delays in construction timelines.”

Annual report 2025A · The company itself

“We continue to experience rising construction costs which reflect the increase in cost of labor and raw materials, as well as supply chain and logistical challenges.”

Annual report 2025A · The company itself

“Resultaträkning i sammandrag för Verksamhet under avveckling (Mkr) 2023 Kostnader för sålda varor -79 Bruttoresultat Försäljningskostnader -16 Administrationskostnader -6 Nedskrivning av tillgångar till verkligt värde -1 Rörelseresultat -17 Finansiella poster -15 Skattekostnad -12 Kassaflöde i sammandrag för Verksamhet under avveckling (Mkr) 2023 Rörelseresultat -17 Betald och erhållen ränta, skatt samt justeringar för poster som inte ingår i kassaflödet Kassaflöde från den löpande verksamheten Balansräkning i sammandrag för Verksamhet under avveckling (Mkr) 2023 Tillgångar Anläggningstillgångar Omsättningstillgångar Summa tillgångar Uppskjuten skatt Summa eget kapital och skulder ITAB | Not 6 Intäkter från avtal med kunder Rörelsegrenar och geografiska områden ITAB-koncernen består av ett fyrtiotal rörelsedrivande bolag som säljer, utvecklar, producerar och distribuerar butiksinredning och butiksutrustning till kedjebaserade kunder. Största kunden står för cirka 11 procent av den externa försäljningen, och ingen av koncernens övriga kunder står för mer än 4 procent av den externa försäljningen. Merparten av ITABs kunder är större butikskedjor som verkar internationellt och har butiker i ett flertal länder.”

Annual report 2024A · The company itself

“Fremsættes lovforslag i Folketinget, som f.eks. ejendomsbeskatning, der forventes at reducere Jeudans resultat”

Annual report 2025B · From the report

“65 % byggematerialer recirkuleres ifm. renovering”

Annual report 2025A · The company itself

“Jeudans investeringsstrategi er at være langsigtet investor med drift af ejendommene for øje”

Annual report 2025B · From the report

“Opstrøms, nedstrøms og alle egne aktiviteter E1: Modvirkning af klimaændringer Der udledes drivhusgasser ved udvinding, produktion og distribution af byggematerialer som anvendes til dri, vedligehold og renovering af Jeudans ejendomme.”

Annual report 2025A · The company itself

“Det er herfra, Jeudan får de materialer og produkter, som skal bruges til at renovere og vedligeholde ejendommene i porteføljen. Indkøbet består primært af byggematerialer, herunder et større udvalg af træ-, el- og vvs-varer, belysning, maling, lim, fuge, beton, sand, sten, værktøj og artikler til renhold samt interiør i form af køkkener og møbler, herunder stole, borde, anden indretning mv.”

Annual report 2025A · The company itself

“Driftsomkostninger til Projekt og Service består primært af indkøb af materialer til istandsættelse og renovering af ejendomme, fællesarealer og individuelle lejemål.”

Annual report 2025A · The company itself

“Exempelvis att vid varje tillfälle ha tillgång till cement, armeringsjärn eller andra insatsvaror för optimalt kapacitetsutnyttjande av K-Fastigheters produktion och förvaltning.”

Annual report 2024A · The company itself

“Vår prefabverksamhet drivs i dotterbolaget K-Prefab som levererar hållbara stomentreprenader inom bostäder, samhällsfastigheter, industri och lager, infrastruktur och lantbruk.”

Annual report 2024A · The company itself

“The Company's open-air shopping centers are usually "anchored" by a grocery store, home improvement center, off-price retailer, discounter or service-oriented tenant.”

Annual report 2025A · The company itself

“These kinds of investments have historically consisted of corporate debt, structured products, transportation assets, infrastructure assets, and commercial and residential real estate loans and securities, amongst other asset classes.”

Annual report 2025A · The company itself

“The most significant opportunities in the downstream value chain are the increased use of wood products in construction and as a carbon sink in the medium and long term.”

Annual report 2025A · The company itself

“Vuonna 2025 Kreaten liikevaihdosta 69 % tuli Taitorakentamisesta, joka 31 % konsernin liikevaihdosta peräisin projekteista, joissa työskennellään raideympäristössä. koostuu sillanrakentamisesta ja -korjauksesta, pohja- ja insinöörirakentamisesta sekä Ruotsin liiketoiminnasta.”

Annual report 2025A · The company itself

“identified key material hotspots with high embodied GHG emissions, namely steel, concrete, asphalt, glass and brick”

Annual report 2025B · From the report

“In addition to competition for homebuyers, we also compete with other homebuilders for desirable properties, raw materials and access to reliable, skilled labor. We compete with a wide variety of property owners in our efforts to sell land to homebuilders and others.”

Annual report 2025A · The company itself

“During the year ended November 30, 2025, gross margins decreased primarily due to a lower revenue per square foot and higher land costs year over year, which were partially offset by a decrease in construction costs, reflecting our continued focus on cost-saving initiatives.”

Annual report 2025A · The company itself

“Factors that influence the Company’s credit loss experience include: (i) overall economic conditions affecting businesses and consumers, generally; (ii) the impact of commercial and residential real estate values on loans to real estate builders and developers and other loans secured by such real estate; (iii) the concentration of commercial real estate loans in the Company’s loan 29 portfolio, including construction loans, loans secured by office, retail, health services, hospitality and multifamily properties and loans secured by property in the New York City and certain other large metropolitan areas; (iv) the concentration of commercial and industrial loans to businesses in the Northeastern and Mid-Atlantic regions of the U.S.; (v) the repayment performance associated with first and second lien loans secured by residential real estate; and (vi) the size of the Company’s portfolio of loans to individual consumers, which historically have experienced higher net charge-offs as a percent of loans outstanding than loans to other types of borrowers.”

Annual report 2025A · The company itself

“Cement is sensitive to supply and price volatility. Cement competition is often based primarily on price, which is highly sensitive to changes in supply and demand. Prices fluctuate significantly in response to relatively minor changes in supply and demand, general economic conditions and other market conditions, which we cannot control.”

Annual report 2025A · The company itself

“Similarly, our downstream operations also require a continued supply of liquid asphalt and cement, which serve as key raw materials in the production of hot mix asphalt and ready mixed concrete, respectively. Some of these raw materials we produce internally, but most are purchased from third parties.”

Annual report 2025A · The company itself

“Aggregates Aggregates, consisting of crushed stone, sand and gravel, are an engineered, granular material manufactured to specific sizes, grades and chemistry for use primarily in construction applications. The Company’s operations consist primarily of open pit quarries; however, the Company is the largest operator of underground aggregates mines in the United States, with 13 active underground mines located in the East Group.”

Annual report 2025A · The company itself

“These results were achieved in part by supplying aggregates (crushed stone, sand and gravel) through its network of approximately 400 quarries, mines and distribution yards in 28 states, Canada and The Bahamas.”

Annual report 2025A · The company itself

“Specialties Business The Specialties business produces and sells dolomitic lime from its Woodville, Ohio facility and manufactures high-purity natural and synthetic magnesia-based products for environmental, industrial, agricultural, construction, consumer and specialty applications at its Manistee, Michigan; Woodville, Ohio; Gabbs, Nevada; Waynesville, North Carolina; Greendale, Indiana; and Aspers, Pennsylvania facilities.”

Annual report 2025A · The company itself

“years ended December 31 (dollars in millions) Amount % of Revenues Amount % of Revenues Amount % of Revenues Building Materials business: Aggregates 10 % 119 11 % 267 18 % Total Building Materials business 1,775 31 % 1,568 29 % 1,645 30 % Specialties 137 31 % 107 33 % 97 31 % Corporate (23 ) NM (39 ) NM 3 NM Total $ 1,889 31 % $ 1,636 29 % $ 1,745 30 % The increase in Building Materials business gross profit from 2024 to 2025 was driven by higher organic shipments, continued strength in aggregates pricing that exceeded increased production costs, and contributions from acquired locations, partially offset by declines in other building materials.”

Annual report 2025A · The company itself

“Metso’s offering for aggregates customers includes crushers, screens, feeders, fixed and mobile crushing and screening plants, track-mounted equipment, spare and wear parts, and a wide array of services.”

Annual report 2025A · The company itself

“Vårt hållbarhetsarbete Utifrån vår tredjepartsgranskade livscykelanalys (LCA) så uppstår vår största påverkan på miljön ifrån de insatsmaterial vi köper in och använder till att producera våra solceller och paneler.”

Annual report 2024A · The company itself

“Nettoomsättning per land, 2024  Sverige, 82% Danmark, 9% Finland, 4% Norge, 3% Övriga länder, 2% Nettoomsättning per kundsegment, 2024 󰐆 Metall och gruva, 14% Papper och massa, såg, 13% El- och värmeproduktion, 13% Övrig tillverkning, 9% Fordon, 9% Vatten och avlopp, 4% Läkemedel och medicin teknik, 4% Livsmedel, 3% Andra industrisegment, 23% Övriga sektorer, 8% Nettoomsättning per produktområde, 2024 󰍭 Lager, 15% Ventiler, 14% Tekniska tätningar och industrigummi, 10% Hydraulik och pneumatik, 8% Pumpar, elmotorer och växlar, 8% Transmission, 7% Mätteknik, 5% Filter, rengöring och rörsystem, 4% Maskiner och system, 3% Smörjning och kemikalier, 3% Andra komponenter, 9% Reparationer och renovering, 11% Relaterade tjänster, t ex utbildning, installation och kalibrering, 3% Värdeskapande återförsäljare ~75% Service, reparation och underhåll ~15% Lokal tillverkning, montering, egna varumärken ~10% Eftermarknad ~90% OEM ~10% Kundfördelning 1) Momentum Groups erbjudande 1) Tillverkare Värdeskapande återförsäljare Våra kunder Affärsöversikt”

Annual report 2024A · The company itself

“With our consumers in mind, we are focused on accelerating and increasing our focus on chocolate, biscuits and baked snacks by investing in both our global and local brands.”

Annual report 2025A · The company itself

“We have a majority interest in the joint venture entity operating the Miski Mayo Mine that supplies phosphate rock to us.”

Annual report 2025A · The company itself

“OVERVIEW The Mosaic Company is the world’s leading producer and marketer of concentrated phosphate and potash crop nutrients.”

Annual report 2025A · The company itself

“Potash Segment We are one of the leading potash producers in the world. We mine and process potash in Canada and the U.S. and sell potash in North America and internationally.”

Annual report 2025A · The company itself

“Kunder Kunderna utgörs av industrier och verksamheter med luftföroreningar som måste tas om hand på ett effektivt och säkert sätt, bland annat metallbearbetning, fiberbaserad industri (trä och komposit), fordonsverkstäder och industrier där det förekommer dammpartiklar som – om de inte tas om hand på rätt sätt – orsakar explosioner samt kan leda till sjukdomar och förtida dödsfall om de kommer in i lungor och blodomlopp.”

Annual report 2024A · The company itself

“De viktigaste produktgrupperna som vi köper in är material för markanläggning som grus, sand, kross, jord, cement, asfalt samt rör för dränering, vatten och avlopp.”

Annual report 2024A · The company itself

“Vårt erbjudande omfattar projektering och installation av fjärrvärme, vatten och avlopp. Vi utför också olika markentreprenader.”

Annual report 2024A · The company itself

“Koordineradeinköp,bådeinomrespektiveaffärsområdeochmellan affärsområdena,geruppenbarafördelarsomeffektivresursanvändning och sänkta kostnader. Samarbete med nyförvärvade bolag inleds omgående efter att förvärvet genomförts för att snabbt kunnasänkasåväldirektasomindirektakostnader.  Aktiv,offensivochframgångsrikproduktutvecklingärenförutsättningförvårtillväxtochexpansioninomsamtligatreaffärsområden.”

Annual report 2024A · The company itself

“We are monitoring risks related to increasing delivery lead times for certain construction and other materials, increasing risk associated with the unavailability of materials due to global shortages in raw materials and issues with transportation logistics, and risk of decreased construction labor productivity in the event of disruptions in the availability of materials critical to our gas and electric operations. Our efforts to enhance our resiliency to supply chain shortages may not be effective. We continue to see increasing prices and limited availability associated with certain materials, equipment and products, which may impact our ability to complete major capital projects at the cost and timing that was planned and approved.”

Annual report 2025A · The company itself

“Industrial: Med hög kvalitet och flexibilitet tillverkas produkter inom områden som automatisering, kontroll, infrastruktur, energi och byggteknik.”

Annual report 2024A · The company itself

“NRG’s development and construction of new generation facilities involve many risks, including: •unanticipated cost overruns and schedule delays; •delays or inability in obtaining necessary permits and licenses; •supply interruptions; •work stoppages and labor disputes; •weather interferences; •unforeseen engineering, environmental and geological problems; and •failure of various third parties to perform under contracts.”

Annual report 2025A · The company itself

“The cost of fuel, natural gas, purchased power, labor, construction materials, equipment and financing have risen in recent years and may continue to rise.”

Annual report 2025A · The company itself

“Other critical raw materials in the steelmaking process are fluorspar and silica. Slag formers, such as lime and ferrosilica, which are used in the process, result in slag byproducts.”

Annual report 2025A · The company itself

“Slag products are mineral by-products from steel that are mainly used to replace primary raw materials such as sand and gravel.”

Annual report 2025A · The company itself

“Inflation Brister och störningar i ekonomin som leder till kostnadsinflation i investeringar och/eller drift av hotellfastigheter och hotell. • Ökat fokus på styrning och uppföljning av större investeringsprojekt. • Planerade inköp i större volymer. • Modell med rörliga intäkter i Hyresavtal där hyresintäkterna ökar när hyresgästerna höjer sina priser på hotellrum och andra hotelltjänster . • Möjlighet att kompensera för höjda insatspriser genom att höja priser på hotellrum och andra hotelltjänster i Egen drift.”

Annual report 2024A · The company itself

“Förvaltning av förbindelser med leverantörer Byggmaterial produceras ibland på ett socialt ohållbart sätt. Pandox är beroende av sina entreprenörspartners för inköp av det mesta av materialet.”

Annual report 2024A · The company itself

“Additionally, as APS’s transmission infrastructure ages and its transmission system needs to grow to support growth in our territory and in the Southwest, it will need to replace and expand certain portions of its transmission infrastructure, which requires significant investment of capital. Risks related to the timely completion of, and costs associated with, these projects may be exacerbated by a constrained supply chain limiting the availability of necessary parts and materials as well as APS’s use, in some cases, of older, obsolete, or unsupported equipment.”

Annual report 2025A · The company itself

“Investments in real estate properties are subject to risks that could adversely affect our business. Investments in real estate properties are subject to varying degrees of risk.”

Annual report 2025A · The company itself

“There are significant risks involved in developing self-storage facilities, such as delays, cost increases, or inability to complete development projects due to changes in or failure to meet government or regulatory requirements, failure of revenue to meet our underwriting estimates, delays caused by weather issues, unforeseen site conditions, or personnel problems.”

Annual report 2025A · The company itself

“However, our level of development is dependent upon many factors, including the cost and availability of land, the cost and availability of construction materials and labor, zoning and permitting limitations, our cost of capital, the cost of acquiring facilities relative to developing new facilities, and local demand and economic conditions.”

Annual report 2025A · The company itself

“The product assortment includes building supplies, tools, HVAC and electrical accessories, pet food and supplies, car accessories, groceries, household products, garden supplies, free-time and other accessories as well as services.”

Annual report 2026A · The company itself

“Insinööripuutuotteet ovat jalostetusta puutavarasta valmistettuja rakenneratkaisuja, joita hyödynnetään laajasti rakentamisessa niiden kestävyyden, mittapysyvyyden ja monipuolisten käyttömahdollisuuksien ansiosta.”

Annual report 2025A · The company itself

“Insulation segment generates 83% of our revenue”

Annual report 2025A · The company itself

“Systems segment generates 17% of our revenue”

Annual report 2025A · The company itself

“ We work with approx. 9,200 registered and active suppliers  85% of sales do not cross customs borders  400 km is the average transport distance for insulation in Europe Energy and natural capital  2,185 kt of primary raw materials (sand, stone, cement) consumed in 2025  5,155 GWh of energy consumed in 2025 Human and intellectual capital  More than 13,000 people employed, with 48% in Western Europe, 31% in Eastern Europe and Russia, 11% in North America, and 10% in Asia and others  R&D based on inhouse experts and engineers Manufacturing capital  40 factories  Board approval for five additional factories (France, India, Sweden, United States, United Kingdom)”

Annual report 2025A · The company itself

“At the pinnacle of ROCKWOOL’s strategy is our corporate purpose: to release the natural power of stone to enrich modern living. This reflects our purpose’s unifying nature, conveying that stone is our core raw material and the bedrock on which our business is based.”

Annual report 2025A · The company itself

“We transform volcanic rock into stone wool, a versatile material with many inherent strengths that make it ideal for use in a range of applications in buildings, industry, transportation, horticulture and water management.”

Annual report 2025A · The company itself

“ROTTNEROS - 2024 20 24 ÅRS- OCH HÅLLBARHETS- REDOVISNING ROTTNEROS AB ÅRSREDOVISNING 2024 ÖVERSIKT STRATEGI VERKSAMHETEN HÅLLBARHETSREDOVISNING ÅRSREDOVISNING ÖVRIGT Rottneros är en global leverantör av förstklassig marknadsmassa för utvalda nischer.”

Annual report 2024A · The company itself

“103 ÖVERSIKT & STRATEGI ROTTNEROS I KORTHET ÖVERSIKT STRATEGI VERKSAMHETEN HÅLLBARHETSREDOVISNING ÅRSREDOVISNING ÖVRIGT Rottneros i korthet Rottneros utvecklar och producerar kemisk och mekanisk marknadsmassa sedan mer än 100 år. Våra kvalitetsmassor levereras till nischmarknader i Europa, Asien och Nordamerika.”

Annual report 2024A · The company itself

“87 procent av Rottneros intäkter kommer från försäljning av pappersmassa.”

Annual report 2024A · The company itself

“Delivery of state-of-the-art vessels, and fleet upgrade and maintenance We place a strong focus on innovation, which we seek to achieve by introducing new concepts on our new ships and continuously making improvements to our existing fleet, such as large-scale atriums, double hulls for increased safety, and advanced steel structures. We are expanding our innovation efforts to cover multiple fronts, including naval and architectural design, guest facing features, energy efficiency, sustainability, and safety.”

Annual report 2025A · The company itself

“— BNP-tillväxt och resursintensiv industriutveckling — Växande medelklass — Metall- och mineralpriser — Försämrad malmkvalitet (mindre mineral perton) — Produktionsnivåer i befintliga gruvor och expansionsprojekt (orörd samt tidigare exploaterad mark) — Produktivitetsförbättringar och ny teknologi, till exempel digitala lösningar och elektrifiering — Efterfrågan inom miljö, hälsa och säkerhet, till exempel miljöeffektiv finkrossning samt minskad energi- och vattenanvändning Ballastmaterial — BNP-tillväxt/urbanisering — Infrastrukturinvesteringar och utgifter — Trender inom EHS och hållbarhet för teknik i premiumsegmentet — Produktion av ballastmaterial och cement — Tillväxt på nya marknader Rivning och återvinning — Lagar och förordningar — Förändringar i kundernas efterfrågan — Fokus på återvinning och återanvändning Gruvor Huvudsakligen globala konkurrenter som Metso, FLSmidth, WEIR och Terex.”

Annual report 2024A · The company itself

“Sanoma engages with especially its paper and print suppliers, as this procurement category has been identified as a higher risk procurement category due to its nature of producing actual products.”

Annual report 2025A · The company itself

“Sanoma annually performs a supplier assessment on all of its print suppliers, collecting SEDEX, BSCI or SMETA third-party audit reports from its suppliers in addition to environmental data.”

Annual report 2025A · The company itself

“Kenpo Sandwich erbjuder lätta sandwichpaneler för minskade koldioxidutsläpp inom transport och byggbranschen.”

Annual report 2024A · The company itself

“Omsättning per segment avser intäkter från externa kunder.”

Annual report 2024A · The company itself

“I byggnadens grund användes en betongblandning där 55 procent av cementen ersattes av flygaska. Åtgärderna resulterade i 34 procent lägre koldioxidutsläpp från byggmaterial.”

Annual report 2024A · The company itself

“Viktiga lösningar för utformningen har innefattat användandet av schaktmassorna från tunnelbygget för att konstruera motorvägskorsningar, vilket avsevärt minskade mängden betong.”

Annual report 2024A · The company itself

“Att utveckla och välja material med låga utsläpp Material som används i byggverksamhet som betong, stål och asfalt förknippas med höga nivåer av koldioxidutsläpp. Tillsammans med andra aktörer i branschen arbetar vi på olika lösningar för att minska utsläppen.”

Annual report 2024A · The company itself

“En ökad efterfrågan kan också orsaka flaskhalsar i leverantörskedjan för vissa produkter och material.”

Annual report 2024A · The company itself

“Kontrakt med motparter som är (eller blir) oförmögna att uppfylla finansiella förpliktelser eller kontraktsenliga åtaganden.”

Annual report 2024A · The company itself

“Genom att använda platsgjutna betongformar i projektet behövde vi till exempel inte köpa in, installera och avlägsna 17 700 kvadratmeter stödbalkar på undersidan av broarna. Tillsammans med liknande metoder kunde vi reducera 48 000 arbetstimmar i projektet.”

Annual report 2024A · The company itself

“Ruukki Construction tillverkar och säljer energieffektiva byggnadslösningar, med fokus på norra och östra Europa.”

Annual report 2024A · The company itself

“Store development costs have risen due to construction labor inflation and increased material and equipment expenses.”

Annual report 2025A · The company itself

“Källa scope 3 tCO e 2023 tCO e 2024 Bilar 0 0 Inköpta varor och tjänster Kapitalvaror 2 465 2 465 Uthyrd tillgång 2 361 2 361 Totalt 5 136 5 136 Inköpta varor och tjänster Inköpta varor och tjänster innehåller åtgärder för skötsel och underhåll av våra fastigheter, reparationer och mindre renoveringar som inte är värdehöjande.”

Annual report 2024A · The company itself

“Miljöcertifieringar av både befintliga och nybyggda fastigheter är viktiga ur flera perspektiv och är ett bevis från tredje part på att Stenhus fastigheter har en låg miljöpåverkan.”

Annual report 2024A · The company itself

“Stenhus Fastigheter har som målsättning att all nyproduktion ska miljöcertifieras.”

Annual report 2024A · The company itself

“Stolt Tank Containers 652,121 699,504 Corporate and Other 753 229 Total 2,890,625 2,820,218 Stolt Tankers 390,082 371,076 Stolt Tank Containers 58,988 (37,831) Stolt-Nielsen Gas (20,492) (10,396) Corporate and Other (29,581) (32,522) Total 538,530 419,647 Operating revenue increased by $93.1 million in 2024 versus 2023, with deep-sea revenue decreasing by $43.2 million and regional revenues increasing by $136.3 million.”

Annual report 2024A · The company itself

“Product handled increased slightly to 14.4 million metric tonnes in 2024 from 14.2 million metric tonnes in 2023.”

Annual report 2024A · The company itself

“Bland kunderna finns några av Europas största elnätsoperatörer, utvecklare och producenter av förnybar energi samt energiintensiva industrier såsom datacenter, stål, cement och papper.”

Annual report 2024A · The company itself

“Tivoli har påbegyndt et nyt program for transformation og bæredygtigt byggeri med fokus på bedre materialevalg, flere genbrugsmaterialer”

Annual report 2025A · The company itself

“Kundens energiforbruk etter avlevert prosjekt Andre utslippskilder oppstrøms Maskiner og produksjonsutstyr Innkjøp av transport Andre materialer Byggevarer Stål Tekniske Installasjoner Betong C B A D C B A Utslipp FLAG D Scope 3 kategori 1 Kjøp av varer og tjenester Veidekke nådde for femte gang CDP A-list for Climate.”

Annual report 2024A · The company itself

“Bygg- og anleggsbransjen er ressurskrevende og en storkonsument av arealer, materialer og energi.”

Annual report 2024A · The company itself

“Med 3D-printing reduseres betongforbruket vesentlig, og det sparer både materialer og klimagassutslipp.”

Annual report 2024A · The company itself

“Veidekke produserer betongelementer til byggprosjekter i Norge og Sverige.”

Annual report 2024A · The company itself

“Beskrivelse av mulighet Hovedkategori Virksomhetsområde Finansiell effekt Type effek t Maksimerende tiltak Konstruere bygg og infrastruktur med redusert materialforbruk og lavt fotavtrykk Ressurseffektivitet Alle virksomhetsområder Middels Kostnadsreduserende Gjennom bevisste valg og innovasjon kan Veidekke tilby løsninger som reduserer bruk av materialer Tilby løsninger som sikrer at prosjektet er i tråd med taksonomien Produkter og tjenester Alle virksomhetsområder Middels Omsetningsøkende Skalere kompetansen som finnes og daglig utvikles i prosjektene til hele Veidekke Tilby energieffektivisering i eksisterende bygg Ressurseffektivitet Byggvirksomhetene Middels Omsetningsøkende Vurdere nytt marked og skalere kompetansen som finnes og daglig utvikles i prosjektene til hele Veidekke Etablere utslippsfri energiproduksjon i relasjon til bygg og infrastruktur Energikilder Alle virksomhetsområder Lav Nye inntektsmuligheter Vurdere mulighet for energiproduksjon knyttet til nye prosjekter Reetablere og øke naturverdien i prosjekter Produkter og tjenester Alle virksomhetsområder Lav Omsetningsøkende Vurdere muligheter i enkeltprosjekter, som tas inn i prosjektvurderingen.”

Annual report 2024A · The company itself

“I tillegg utvinner Veidekke førstegangsressurser som pukk og grus gjennom et eget forretningsområde.”

Annual report 2024A · The company itself

“Veidekke leverer produkter og tjenester innenfor bygg, anlegg, veivedlikehold, asfalt og pukk og grus.”

Annual report 2024A · The company itself

“Ikke noe resirkulert innhold i produkter Masser 1 572 144 tonn Levetid tilsvarer levetid for produktet, prosjektet eller anlegget der steinen er brukt Masser kan saneres og tilbakeføres 37 % Betongelementer 77 972 tonn 50 Mekanisk reparasjon, overflate behandling, og elektrokjemiske metoder kan brukes for å beskytte og reparere betong Ingen resirkulert innehold i produkter Byggeprosjekter 44 %-andel av total omsetning Krav til minste levetid ref.”

Annual report 2024A · The company itself

“Communication blev en del av Volati 2021 genom förvärvet av Scanmast Vd: Andreas Westholm Affärsområden S:t Eriks är en ledande svensk leverantör av betong- och naturstensprodukter för infrastruktur, mark- och takbeläggning samt system för vatten och avlopp (VA). Produkterna används primärt i infrastrukturprojekt, byggnation samt landskapsarkitektur.”

Annual report 2024A · The company itself

“Form 10-K 2 Part I Item 1 Business Vulcan Materials Company operates primarily in the U.S. and is the nation’s largest supplier of construction aggregates (mainly crushed stone, sand and gravel) and a major producer of aggregates-intensive downstream products such as asphalt mix and ready-mixed concrete. Delivered by trucks, ships, barges and trains, we provide the materials needed for the infrastructure that maintains and expands the U.S. economy.”

Annual report 2025A · The company itself

“We have experienced delays and disruptions to property redevelopment as a result of supply chain issues and construction material and labor shortages, and may experience additional or more significant delays in the future.”

Annual report 2025A · The company itself

“Such expenditures may be significant, including as a result of volatility in the price of construction materials or labor.”

Annual report 2025A · The company itself

“Samtidigt håller vi oss uppdaterade när det kommer till utvecklingen av material, som är så viktig när det kommer till klimatpåverkan. Idag har grön betong lägre klimatpåverkan än grönt stål och sett till byggnadens hela livscykel är det ett bättre val än att bygga helt i trä.”

Annual report 2024A · The company itself

“Tillgång till råmaterial och byggmaterial med låg klimatpåverkan är en viktig förutsättning för att uppnå våra hållbarhetsmål.”

Annual report 2024A · The company itself

“Osäkerheter när det gäller materialtillgång, stigande priser och förändrade globala marknader ställer ökade krav på marknadsbearbetning och även på att utveckla smartare logistik, öka digitaliseringen av processer och arbetssätt samt satsa mer på mer hållbara tekniska lösningar och återbruk för att möta framtida behov och förväntningar.”

Annual report 2024A · The company itself

“Materialen vi bygger med står för en stor del av en byggnads klimatavtryck. Genom vårt samarbete med konsultföretaget Plant har vi genomfört en rad olika klimatberäkningar under 2024.”

Annual report 2024A · The company itself

“I underlag för ett visst projekt görs antaganden om framtida inköp av både varor och tjänster som kan vara längre bort än ett år. Det finns alltid en risk att bolaget inte kan handla upp till de priser som anbudet beräknats på. • Risk att samarbete inleds med beställare eller leverantörer som bedöms osäkra med avseende på ekonomiska risker, ryktes-, kvalitets- och arbetsmiljörisker.”

Annual report 2024A · The company itself

“Rakennuskustannukset pysyivät alhaisesta markkinavolyymistä huolimatta kokonaisuudessaan tasaisena.”

Annual report 2025A · The company itself

“Samalla rakentamisen kustannusinflaatio pysyi maltillisena ja rahoituksen saatavuus parani, mikä edelleen vakautti asuntorakentamisen edellytyksiä.”

Annual report 2025A · The company itself

“As of December 31, 2025, we estimate the additional cost to complete the construction of the three projects to be approximately $213.8 million. Of this amount, we expect to incur costs between approximately $135 million and $155 million during 2026 and to incur the remaining costs during 2027 and 2028.”

Annual report 2025A · The company itself

“Additionally, we strive to improve local infrastructure beyond the project’s requirements to benefit the community. Often, we must enhance roadways to facilitate the transport of wind turbine components to the site.”

Annual report 2024A · The company itself

“In addition, some companies and U.S. municipalities are building advanced fiber-based networks that provide very fast internet access speeds, and some providers offer newer satellite broadband services.”

Annual report 2025A · The company itself

“Achieve a rolling 5-year average >Peers Dynamic business model in an industry underpinned by strong fundamentals An ageing global fleet and a historically low orderbook, combined with stricter environmental regulations and ongoing geopolitical tensions are creating structural supply constraints.”

Annual report 2025A · The company itself

“Supply growth is under pressure due to a historically low orderbook, an ageing global fleet and increasingly stringent environmental regulations that limit the addition of new tonnage.”

Annual report 2025A · The company itself

“Ændringer af omkostninger til vedligeholdelse af ejendommene, politiske og geopolitiske forhold samt ændringer i finansieringsforholdene vil kunne påvirke resultatet.”

Annual report 2025A · The company itself

“Det kan give faldende indtægter og øge omkostningerne og vil derfor kunne påvirke selskabets driftsoverskud.”

Annual report 2025A · The company itself

“Samtidigt fortsätter vi att göra invest eringar i våra fjällanläggningar såsom nya liftar och skidområden med planen att implementera flera nya liftar för att väder- och vindsäkra exempelvis Åre.”

Annual report 2024A · The company itself