During fiscal year 2025, we continued to trans - late our sustainability ambitions into concrete actions. Step by step, this strengthens our abili - ty to achieve our long-term targets for 2030. As we now review our progress, it is clear that we have come a long way. We reached nearly all of our milestones, and where targets were not fully met, the outcome was very close and re - flected deliberate investments that support our longer-term ambitions. This makes me proud of what we have achieved so far and confident that we are on the right path. Most importantly, it confirms that the way we work is delivering real results. At the same time, we see growing expecta - tions for reliable, comparable and transparent data from authorities, customers and part - ners across the value chain. For us at Elfa, this means continuing to develop how we work, how we track progress and how we make de - cisions. Our agile mindset is key. It is not about changing our ambitions, but about staying committed to our long-term targets while being prepared to adjust the route as new require - ments, insights or conditions emerge. During the year, we also made strategic de - cisions and investments that strengthen our ability to create long-term value while advanc - ing our sustainability agenda. Together, they provide a stronger foundation for the next phase of our journey. In this report, we share how we work, the pro - gress we have made and the lessons we have learned along the way. I hope you find this report both informative and inspiring. Anders Rothstein CEO, Elfa Group 2
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