Assemblin Year End Report 2022

Strong organic growth and stable profitability

“Assemblin is now a well-functioning company with engaged and skilled employees and, in my assessment, conditions are in place for continued favourable development.”
Mats Johansson, President and CEO, Assemblin

Fourth quarter (October–December) 2022

• Net sales for the quarter increased by 17.7 per cent to SEK 3,933 million (3,342), of which 11.9 percentage points were organic growth, 4.1 were acquisition-driven and 1.7 were currency-driven.
• EBITA increased to SEK 342 million (298), and the EBITA margin amounted to 8.7 per cent (8.9).
• The adjusted EBITA increased to SEK 316 million (286), and the adjusted EBITA margin amounted to 8.0 per cent (8.6). Items affecting comparability amounted to income of SEK 25 million (12).
• EBIT strengthened to SEK 334 million (272).  
• Profit for the quarter amounted to SEK 159 million (160).
• Order intake increased to SEK 3,581 million (3,439).
• Three acquisitions were completed, combined involving 59 employees and annual sales of about SEK 96 million.

The full year (January–December) 2022

• Net sales for the full year increased by 26.1 per cent to SEK 13,521 million (10,721), of which 12.6 percentage points were organic growth, 12.2 were acquisition-driven and 1.3 were currency-driven.
• EBITA increased to SEK 960 million (728), and the EBITA margin amounted to 7.1 per cent (6.8).
• The adjusted EBITA increased to SEK 940 million (758), and the adjusted EBITA margin amounted to 7.0 per cent (7.1). Items affecting comparability amounted to income of SEK 20 million (expense 31).
• EBIT strengthened to SEK 889 million (659).
• Profit for the year increased to SEK 390 million (322).
• Order intake increased to SEK 13,167 million (11,258).
• The order backlog at the end of the year increased to SEK 9,535 million (9,370).

The full report (and previous reports) is published on the company’s website at www.assemblin.com under the “Investor” tab.

Invitation to an investor presentation

On 23 February, at 10:00 CET, the company’s President and CFO will present developments in the quarter in a webcast.

To access the webcast, use the following link (please register in advance):
https://onlinexperiences.com/Launch/QReg/ShowUUID=C9FCF149-0189-4F60-92D7-A33C300B7EB8

To listen to the presentation by telephone, please register here to obtain audio conference call details:
https://register.vevent.com/register/BIea67edabd215414fbeb69c6aa77a5d66

The presentation material, and a recording of the webcast, will be published on the company’s website
www.assemblin.com  under the “Investors” tab after the meeting.

Future reporting dates

Additional disclosure for bond holders

Additional disclosure for holders of Assemblin Senior Secured Notes issued on December 6, 2019, is published on Assemblin´s webpage under the “Investor” tab.

For more information
For questions concerning this report, please contact CFO Philip Carlsson (tel: +46 10 475 39 50).

For questions concerning operations in general, contact President and CEO Mats Johansson (tel: +46 10 475 39 60) or Head of Communications and Sustainability Åsvor Brynnel (tel: +46 10 475 39 48).

More information is also to be found at www.assemblin.com

About Assemblin

Assemblin is an end-to-end installation and service partner with operations in Sweden, Norway and Finland. We design, install and maintain technical systems for air, water and energy. Our vision is to create smart and sustainable installations that make buildings work and people feel comfortable. We do this through close local collaboration supported by a strong organisation. We have annual sales of approximately SEK 13.5 billion and 6,900 dedicated employees at more than 100 locations in the Nordic region. Read more at assemblin.com.