Debt Aversion from Farming Roots

“But in the beginning, money mattered to Melker Schörling. He did not inherit a fortune but built it himself. Today, he manages the capital and invests the money where it yields the greatest return in the long term. During his upbringing in a farming family in the small community of Götlunda with three hundred twenty inhabitants, in the municipality of Arboga outside Örebro, he learned that it required effort to make money in small business and that bank loans and repayments could give a sense of lack of freedom. His father lay awake at night pondering how to make the money stretch to cover the loan repayments for the agricultural machinery.”

“The growth in companies is expected to occur through organic growth, establishment in new geographic markets, and investments in new products. For most holdings, acquisitions are also part of the growth strategy. It is also important to tightly control costs and maintain low debt levels.”