May 17, 2022

Category: News

Subject: Press release

Polarium publishes its 2021 Annual Report and Sustainability Report

The reports sum up 2021 and describe strategies for growth and sustainability going forward.

2021 was another strong year for Polarium with continued profitable growth. Net sales grew by 46 percent and amounted to SEK 1,084 million with an operating profit (EBITDA) of SEK 83 million, corresponding to an operating margin of 7.6 percent. The Annual Report describes Polarium’s strategy to capture a larger share of the rapidly growing market for energy storage and further strengthen the company’s leading position, as well as information on market drivers, products and customers.

“The global need for smart, modular energy storage makes our solutions more relevant than ever. This combined with our customer-centric ways of working and technological leadership has enabled continued profitable growth in 2021. We are especially proud of having reached the milestone of becoming a SEK 1 billion company,” says Stefan Jansson, founder and CEO of Polarium.

In 2021, Polarium conducted a materiality assessment of its business strategy, targets, and goals. The assessment has helped define, determine, and prioritize the environmental, social, and governance matters that affect Polarium and its key stakeholders to the greatest extent. In its very first sustainability report, Polarium presents the progress it has made towards realizing its sustainability ambitions and commitments in the three following focus areas: Enabling Circular and Green Solutions, Ensuring Ethical and Responsible Business Practices, and Empowering People and Culture. The Sustainability Report has been prepared in accordance with the GRI Standards Core option.

“I’m proud to present our first ever Sustainability Report – it sets out our high ambitions for the sustainability journey ahead of us. Polarium aims to be net-zero from our own operations by 2026. And with a global value chain, from how we source components to where our solutions are installed, we are building a company that takes charge and acts responsible wherever we are,” comments Stefan Jansson, founder and CEO of Polarium.

The 2021 Annual Report can be downloaded here, and the Sustainability Report is available here.

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