In conjunction with the report, SJR also communicated that it has adopted a new growth target for the coming five-year period. The company now aims to double its sales, corresponding to a sales CAGR of 15%. The majority of sales growth would stem from organic initiatives such as broadening the offering outside of the current expertise within economics and finance. However, the plan also includes complementary acquisitions and we expect that the organic growth target could be between 8% and 10% per year with the rest coming from acquisitions. In order to clarify this strategy, a name change from SJR in Scandinavia to Ogunsen has been proposed by the board of directors.
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