ISSUE 107
PREVIOUS ISSUES
ISSUE #106 – MARCH 2024
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ISSUE #105 – DECEMBER 2023
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ISSUE #104 – OCTOBER 2023
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Dan Sten Olsson
We just held our annual general meeting and with good reason celebrated our annual results for 2023. If a company's management relaxes, on the other hand, the competitiveness and vitality gradually disappear. A lot of things happen every year and we have good reason to be grateful.
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Dan Sten Olsson
Despite that 2023 has been a difficult year for the world economy, global production and consumption have increased slightly. Stena Line, Stena Metall as well as Stena Adactum´s companies are struggling with lower demand. Stena AB is on the other hand delivering almost the same profit for 2023 as in 2022. The difference is as small as the profit from the sale of one ship. Stena Metall AB’s profit has reduced remarkably but is still the second best since the very beginning.
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Dan Sten Olsson
Present economic, political, digital and climate uncertainties make us all fear for our near future.
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Dan Sten Olsson
This year, Sphere Forum was held in Belfast, where Stena Line is an important part of the city's vitality. Our operations contribute to people being able to meet and goods being transported between Northern Ireland and the mainland. Stena Line has three profitable ferry routes to and from Belfast, and the city is our most significant hub.
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Dan Sten Olsson
The Stena Sphere used to be called the Stena Companies and at the time mainly consisted of Scrap Trading and Coastal Shipping.
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Dan Sten Olsson
Already in 2005, we decided to invest in wind turbines. Fossil fuels are efficient, but despite all efficiency improvements, they contribute to increasing the CO₂ content in the atmosphere.
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Dan Sten Olsson
Having spent years fighting bad results from COVID-related consequences we are now approaching profits everywhere again. I start to wonder about what makes us so successful. Of course, it is about innovation and performance and we are getting accolades from our clients to that effect. But really our achievements in working together safely and delivering according to our set objectives and targets are amazingly successful.
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Dan Sten Olsson
Combining perspectives – Stronger together was the theme for this year's Sphere Forum and what did we learn?
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Dan Sten Olsson
As we were getting ready to finally shake off the burdens of a two-year pandemic, a new crisis hit Europe. The last quarter shows the importance of resilience and staying true to the mission of our companies, namely: To create value for society and for our customers.
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Dan Sten Olsson
Our values and our way of working have taken us far. They remain supportive to take us out of the current crisis. At Stena AB, we are not yet out of the woods however things are improving steadily.
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Dan Sten Olsson
This year Sphere Forum was a digital event. And even if we missed the chance to meet I still think it was valuable to gather all participants digitally around important topics for Stena going forward. A lot has been difficult during the last years. Many of us have lost a friend or a relative.
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Dan Sten Olsson
At Stena, we work with delegated responsibilities and delegated powers. Powers are delegated, but in effect responsibility remains.
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