ANNUAL REVIEW 2018

STENA IN BRIEF

STENA IN BRIEF

34730

TOTAL REVENUE, MSEK

ACTIVITIES ALL OVER THE WORLD

15500

EMPLOYEES

164

VESSELS, INCLUDING NEWBUILDINGS

28300

RESIDENTIAL AND
COMMERCIAL UNITS

115

WIND TURBINES

34730

TOTAL REVENUE, MSEK

ACTIVITIES ALL OVER THE WORLD

15500

EMPLOYEES

164

VESSELS, INCLUDING NEWBUILDINGS

28300

RESIDENTIAL AND
COMMERCIAL UNITS

115

WIND TURBINES

2018 AT A GLANCE

2018 AT A GLANCE

HYBRID VESSEL PROJECT

The project to convert Stena Jutlandica, which operates between Göteborg and Frederikshavn to a hybrid vessel continued during the year. In the next phase, planned to commence in 2019, battery operation will be connected to two out of four main engines, so that Stena Jutlandica can run solely on electricity in inshore waters.

MARKET LEADING POSITION

Despite harsh competition, Stena Drilling has managed to secure employment for its fleet of drilling units for the majority of 2019 and are negotiating contracts beyond this. This achievement puts Stena Drilling in a market leading position as one of the few who have all their rigs working.

 

POSITIONED TOWARDS COMPETITORS

Stena Bulk has taken total delivery of all 13 IMOIIMAX vessels ordered during 2011. The vessels can transport both chemicals and other loads and have performed above expectations in the logistics system. The IMOIIMAX concept has taken Stena Bulk into a new type of market, proving that the system maintains good positive margins towards competitors.

RENEWABLE ELECTRICITY

Stena Adactum has divested 65 per cent of its holdings in Stena Renewable. With strong owners, Stena can achieve its project portfolio of 300 wind turbines, and thereby has the capability to build the next generation of power utilities based solely on renewable energy production.

NEW FLATS IN PRODUCTION

Stena Property divested around 20 per cent of its property holdings.
The company also has 1,500 new flats in production.

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HYBRID VESSEL PROJECT

The project to convert Stena Jutlandica, which operates between Göteborg and Frederikshavn to a hybrid vessel continued during the year. In the next phase, planned to commence in 2019, battery operation will be connected to two out of four main engines, so that Stena Jutlandica can run solely on electricity in inshore waters.

MARKET LEADING POSITION

Despite harsh competition, Stena Drilling has managed to secure employment for its fleet of drilling units for the majority of 2019 and are negotiating contracts beyond this. This achievement puts Stena Drilling in a market leading position as one of the few who have all their rigs working.

 

POSITIONED TOWARDS COMPETITORS

Stena Bulk has taken total delivery of all 13 IMOIIMAX vessels ordered during 2011. The vessels can transport both chemicals and other loads and have performed above expectations in the logistics system. The IMOIIMAX concept has taken Stena Bulk into a new type of market, proving that the system maintains good positive margins towards competitors.

RENEWABLE ELECTRICITY

Stena Adactum has divested 65 per cent of its holdings in Stena Renewable. With strong owners, Stena can achieve its project portfolio of 300 wind turbines, and thereby has the capability to build the next generation of power utilities based solely on renewable energy production.

NEW FLATS IN PRODUCTION

Stena Property divested around 20 per cent of its property holdings.
The company also has 1,500 new flats in production.

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CEO COMMENTS

CEO COMMENTS

WELL-BALANCED OPERATIONS

Global living standards continue to improve. One of the benefits of globalisation is the elimination of malnutrition and absolute poverty for an ever-increasing share of the world’s population. Newly emerging trade conflicts and other political disputes and unrest have not yet reduced global growth. Sooner or later, however, an increasingly exclusionary mindset is likely to erode global growth potential. At Stena, we are pleased that digitalisation is opening up new opportunities for continuous contact with our customers, employees and suppliers.

Dan Sten Olsson
CEO, Stena AB

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BUSINESS MODEL

BUSINESS MODEL

MISSION

By maintaining good contact with our customers and the world around us we nurture our growing trust. By doing so we create more and better business – and very satisfied customers.

VISION

Our vision is “Always the customer’s first choice and quality-assured partner”. This encourages us to safeguard the company’s resources and the resources beyond our doors. We contribute to this vision by participating in value-creating activities, often together with our customers. 

BUSINESS CONCEPT

  • By using our expertise, we will make money from our business areas: shipping, ferry lines, offshore, real estate and finance. We will also continue to create new business areas for the future.
  • We will take care of our most important long-term assets, our customers, in such a way that we contribute to their – and society’s – positive development.
  • Never wasting our own or the world’s resources is a Stena trademark.

BUSINESSES

BUSINESSES

The Stena AB Group’s activities create employment for thousands of people worldwide.

 

Stena Line

Stena Drilling

STENA BULK

Stena Roro

NORTHERN MARINE GROUP

STENA TEKNIK

STENA PROPERTY

STENA ADACTUM

STENA FINANCE

Stena Line

Stena Drilling

STENA BULK

Stena Roro

NORTHERN MARINE GROUP

STENA TEKNIK

STENA PROPERTY

STENA ADACTUM

STENA FINANCE

SUSTAINABILITY

SUSTAINABILITY

FOCUS AREAS FOR SUSTAINABILITY

Stena’s sustainability work is business-oriented and aims to discover new opportunities and develop the brand, while also identifying and managing risks. The sustainability issues identified as most important for Stena are related to the environment, safety, employees and community involvement. Each business area is responsible for setting relevant goals and managing the company to seize opportunities in the transition to more sustainable development.

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ENVIRONMENT

A key aspect of Stena’s sustainability work is to reduce the environmental impacts of its activities. This work includes achieving more efficient energy use, minimising emissions, waste handling and training of employees.

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SAFETY

Stena gives highest priority to offering a safe and secure environment to both employees and passengers, customers, tenants and freight, and the Group’s vision is to have zero accidents.

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EMPLOYEES

Stena Group’s 15,500 employees worldwide are the basis for our success, and their expertise and dedication drive our activities and contribute to society’s long-term development, and thereby more and better business.

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COMMUNITY

The different Stena companies meet various needs in society. Stena seeks to be an active and dedicated corporate citizen that contributes to ongoing development and sustainable activities in the areas in which the companies operate.

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ENVIRONMENT

A key aspect of Stena’s sustainability work is to reduce the environmental impacts of its activities. This work includes achieving more efficient energy use, minimising emissions, waste handling and training of employees.

Read more
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SAFETY

Stena gives highest priority to offering a safe and secure environment to both employees and passengers, customers, tenants and freight, and the Group’s vision is to have zero accidents.

Read more
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EMPLOYEES

Stena Group’s 15,500 employees worldwide are the basis for our success, and their expertise and dedication drive our activities and contribute to society’s long-term development, and thereby more and better business.

Read more
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COMMUNITY

The different Stena companies meet various needs in society. Stena seeks to be an active and dedicated corporate citizen that contributes to ongoing development and sustainable activities in the areas in which the companies operate.

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INNOVATIONS

INNOVATIONS

STENA STORIES

It is not easy to answer the question of which solutions best meet future needs for energy. However, technical innovation is vital to finding solutions for the benefit of sustainable development. Stena cooperates with partners within and outside the industry in order to find the right path forward. Among social sustainability activities, it is important to highlight Stena’s cooperation with young people, and to present their ideas to increase security and a sense of community in Stena Property’s residential areas. 

LEADERSHIP

LEADERSHIP

STENA’S FUTURE LEADERSHIP

Stena’s Grow training programme is for young employees who have shown an interest in taking greater responsibility for Stena’s activities, and the programme aims to safeguard Stena’s future leadership. Two participants are Ida Fredriksson, Stena Bulk and Alex McDonald, Stena Line. 

ALEX MCDONALD

Commercial Manager,
Freight, Stena Line

Alex McDonald has worked at Stena Line for 16 years. Since August 2018, he has been based at Stena Line's head office in Göteborg. For Alex, taking part in the Grow programme has taught him to act more decisively.
“It's often important to act quickly, particularly if there is bad news.” The programme has also given insight into the importance of employees to business success. “Each of us needs to have the right approach to business and to be responsive to customers’ needs, taking personal responsibility for everything we do”.
The training has also made Alex more aware of how different we are. “I now have a much greater understanding of how we’re all motivated in different ways, have different skills and are more or less comfortable with different tasks or situations. With this understanding, I can work with my colleagues more effectively”.
With regard to culture, Alex believes that Stena Line’s British business and the head office in Göteborg share the same commitment.
“It's great that both the regional business area and the head office work conscientiously to achieve the best results and that all employees share Stena’s genuine concern for assets, people and the environment.”

IDA FREDRIKSSON

Chartering Manager, Products and Chemicals, Stena Bulk

Ida has worked at Stena Bulk for over six years, during which she has been based in Singapore for more than four years. For Ida, taking part in the Grow programme has given her valuable insights.
“The greatest insight was to see myself as a leader and to grow in that role. I’ve also become aware that different people need different types of feedback and encouragement from their managers.”
Ida values Stena Bulk’s leadership philosophy. “Stena Bulk is a company that gives its employees a lot of responsibility, which encourages drive and commitment. High demands are made of employees, but the company is good at showing its appreciation.
Ida sees certain differences between working at Stena Bulk’s office in Singapore compared to Stena Bulk’s head office in Göteborg.
“Even though the culture is more or less the same, my work tasks vary considerably, since we work with different markets. In Singapore, there is a faster flow, which makes this job incredibly exciting. It’s also different in a satellite office, where we need to be more independent, even though we get news from head office and visits frequently.”

EVA HANSDOTTER

HR Director, People & Organisational Excellence

The digital era requires new types of expertise. Stena’s employees therefore need to be curious, willing to learn, and to relearn, at a faster and faster pace. A manager is not just responsible for developing the business, but also for himself or herself, and the employees. Managers’ ability to generate value through different networks, create new solutions, and drive creativity and innovation by leveraging the team’s diversity, will be more and more important. In order to achieve this, we have created the “Ready 4 Anything” leadership programme.
“In view of the increasing pace of development, none of us can master or understand everything that happens, but we can prepare ourselves better for the unpredictable, and use knowledge and skills wherever they can be found. ‘Ready 4 Anything’ not only addresses new skills, but also a new way of learning, through shorter elements in different formats, with practical application in both the virtual and physical worlds,” says Eva Hansdotter, Director, People & Organisational Excellence. “Ready 4 Anything” is about taking a new approach, besides concrete methods and tools.
By offering different modules in a rolling, recurring schedule, we create conditions for participants to learn at the pace and in the scheme most relevant for each of them. This all helps to increase the relevance and effect of the learning.

ALEX MCDONALD

Commercial Manager,
Freight, Stena Line

Alex McDonald has worked at Stena Line for 16 years. Since August 2018, he has been based at Stena Line's head office in Göteborg. For Alex, taking part in the Grow programme has taught him to act more decisively.
“It's often important to act quickly, particularly if there is bad news.” The programme has also given insight into the importance of employees to business success. “Each of us needs to have the right approach to business and to be responsive to customers’ needs, taking personal responsibility for everything we do”.
The training has also made Alex more aware of how different we are. “I now have a much greater understanding of how we’re all motivated in different ways, have different skills and are more or less comfortable with different tasks or situations. With this understanding, I can work with my colleagues more effectively”.
With regard to culture, Alex believes that Stena Line’s British business and the head office in Göteborg share the same commitment.
“It's great that both the regional business area and the head office work conscientiously to achieve the best results and that all employees share Stena’s genuine concern for assets, people and the environment.”

IDA FREDRIKSSON

Chartering Manager, Products and Chemicals, Stena Bulk

Ida has worked at Stena Bulk for over six years, during which she has been based in Singapore for more than four years. For Ida, taking part in the Grow programme has given her valuable insights.
“The greatest insight was to see myself as a leader and to grow in that role. I’ve also become aware that different people need different types of feedback and encouragement from their managers.”
Ida values Stena Bulk’s leadership philosophy. “Stena Bulk is a company that gives its employees a lot of responsibility, which encourages drive and commitment. High demands are made of employees, but the company is good at showing its appreciation.
Ida sees certain differences between working at Stena Bulk’s office in Singapore compared to Stena Bulk’s head office in Göteborg.
“Even though the culture is more or less the same, my work tasks vary considerably, since we work with different markets. In Singapore, there is a faster flow, which makes this job incredibly exciting. It’s also different in a satellite office, where we need to be more independent, even though we get news from head office and visits frequently.”

EVA HANSDOTTER

HR Director, People & Organisational Excellence

The digital era requires new types of expertise. Stena’s employees therefore need to be curious, willing to learn, and to relearn, at a faster and faster pace. A manager is not just responsible for developing the business, but also for himself or herself, and the employees. Managers’ ability to generate value through different networks, create new solutions, and drive creativity and innovation by leveraging the team’s diversity, will be more and more important. In order to achieve this, we have created the “Ready 4 Anything” leadership programme.
“In view of the increasing pace of development, none of us can master or understand everything that happens, but we can prepare ourselves better for the unpredictable, and use knowledge and skills wherever they can be found. ‘Ready 4 Anything’ not only addresses new skills, but also a new way of learning, through shorter elements in different formats, with practical application in both the virtual and physical worlds,” says Eva Hansdotter, Director, People & Organisational Excellence. “Ready 4 Anything” is about taking a new approach, besides concrete methods and tools.
By offering different modules in a rolling, recurring schedule, we create conditions for participants to learn at the pace and in the scheme most relevant for each of them. This all helps to increase the relevance and effect of the learning.

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ENGLISH VERSION

Annual Report 2018

Annual review 2018

About Stena

Operations

Management

SWEDISH VERSION

Årsredovisning 2018

Årsrapport 2018

Om Stena

Verksamhet

Styrning