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Instalco broadens industrial offering in Finland

Instalco acquires Sähkö-Äijät Teollisuus Oy and strengthens its industrial offering towards customers in Finland. The company, domiciled in the Jämsö-region in central Finland has sales of around EUR 2.1 million and 24 employees.Sähkö-Äijät Teollisuus Oy (SÄT), founded in 2012, is an electrical entrepreneur specialized in industrial electrical and automation services. The company’s customers consist to a large part of industrial players and companies within the energy sector. “SÄT is a welcome addition to our industry group in Finland. The company has showcased mature leadership, a

Instalco company wins assignment at the new National Archives building

The Instalco company, Kempes El, has been contracted for electrical installations in conjunction with construction of the new National Archives building in Härnösand. The client is Peab, which has been hired by Specialfastigheter for construction of the building. The order value for Instalco is approximately SEK 70 million.The new National Archives building in Härnösand will be approximately 34,000 sq. m. and it will consist of the archives themselves, along with premises for administration. The main tenants will be the National Archives and Swedish Tax Agency. Kempes El will be

CORRECTION: Interim report January – September 2023

Instalco AB (publ) issues a correction of the press release ”Interim report January – September 2023”, published today on October 27, 2023, at 07:30 CEST. Corrected report attached. The correction has no impact on the KPIs or the rest of the report and no changes have been made apart from the below. The correction refers to that the press release hade a typo in the table named “Impact after the acquisition date included in the Instalco Group’s net sales and operating profit/loss” on page 8. The correct number for Net Sales is 811 (incorrect version stated 1,191) and the correct number

Interim report January – September 2023

Strong quarter with improved profitability   July – September 2023 • Net sales increased by 18.7 percent and amounted to SEK 3,310 (2,788) million. Organic growth adjusted for currency effects amounted to 3.0 (7.8) percent. • EBITA increased by 22.7 percent and amounted to SEK 246 (201) million. The EBITA margin was 7.4 (7.2) percent. • Depreciation/amortisation of property, plant and equipment and intangible assets increased by SEK 15 million and amounted to SEK 133 (118) million. • Operating profit (EBIT) increased by 24.1 percent and amounted to SEK 194 (156) million.

Invitation to phone conference with webcast in conjunction with the release of the Instalco Q3 2023 report

Instalco will release its Interim report Q3 2023 on 27 October at 07:30 CET. Instalco will also be presenting the report in a phone conference with webcast at 09:30 on the same day.Robin Boheman, CEO and Christina Kassberg, CFO will present and comment on the report. The conference will be held in English.     Publication of the interim report at 07:30 CEThttps://instalco.se/en/investors/financial-reports   Link to the webcast, 09:30 CEThttps://ir.financialhearings.com/instalco-q3-report-2023   Teleconference at 09:30 CEThttps://conference.financialhearings.com/

Nomination Committee appointed for Instalco AB:s Annual General Meeting 2024

In accordance with the principles adopted by the general meeting in Instalco AB held on 6 May 2021, the Nomination Committee shall be comprised of the Chairman of the Board of Directors and three members appointed by the three shareholders with the largest number of votes in the company. If either of the shareholders with the largest number of votes waives their right to appoint a member, the shareholder with the next largest shareholding shall be offered the opportunity to appoint a member.The Nomination Committee ahead of the 2024 AGM comprises the following members: • Lennart Francke (

Instalco wins assignment at hotel renovation

The Instalco companies, Rörgruppen AB and Ohmegi Elektro AB, have won a joint assignment for installation of the heating/plumbing and electrical installations associated with major renovation work at Scandic Ariadne Hotel, which is located near the Värtahamnen Ferry Terminal in Stockholm. The combined order value for Instalco is SEK 62 million.Built in 1989, Scandic Ariadne is now in great need of renovation, which is already underway. The project is part of the revival of the city district, Värtahamnen. The two Instalco companies involved in the project will be responsible for all of

Instalco strengthens its industrial offering

Instalco acquires Boas Industriservice AB and complements the offering of its industrial companies. The company, domiciled in Södertälje, has sales of around SEK 73 million and 50 employees.Boas Industrisevice offers service solutions to industrial clients with a focus on forging and metal construction. The company was founded in 1972 and its main customers can be found in Greater Stockholm.   “Boas Industriservice complements our industrial group very well as the majority of our companies have a demand for, and purchase, metal services. Therefore, we see a great potential for

Instalco signs joint project for Region Västmanlands’ new emergency hospital in Västerås

Three Instalco companies have been awarded a joint assignment regarding project design for Västerås’ new emergency hospital.In August of 2021, NCC and Region Västmanland agreed to build Västerås’ new emergency hospital through partnering. The work of project design is now underway to produce a detailed plan for what is to be built.   The Instalco companies Instair and Sprinklerbolaget, in close collaboration with Instalco’s technical consultant Intec, work through partnering with the project design for ventilation and sprinklers, which is expected to continue until spring 2024.

Instalco wins assignment at Construction City in Oslo

The Instalco company, Lysteknikk Elektroentreprenør AS, has won an assignment for project design and installation of the electrical solution for Construction City, a new office building that will be constructed in Oslo.The project has an estimated total order value of NOK 250 million for Instalco. The project design work has been underway since 2022 and the installation work, which has now begun, will be completed in 2025. The client is the Norwegian company, AF Gruppen.   Construction City, situated in Ulven, Oslo, will be a gathering place for Norwegian companies in the construction

Instalco acquires and expands in southern Norway

Instalco acquires URD Klima Sandnes AS and thereby establishes a presence in Stavanger and strengthens its offering in southern Norway. The company, domiciled in Sandnes, has sales of around SEK 85 million and 25 employees.URD Klima Sandnes AS was founded in 1999 and offers solutions within ventilation, heating- and cooling systems for both new construction and renovation. The company has demonstrated strong results over a long period of time and has a historically proven ability to work multidisciplinary. “The acquisition of URD Klima Sandnes provides Instalco with exposure to a new,

Instalco wins assignment with Stockholm Exergi

The Instalco companies, EKTK and App Start-Up have signed agreements with Stockholm Exergi for work that will be done at the Högdalenverket power station in Stockholm. It involves both electrical and control systems, with a total order value of approximately SEK 30 million.“We have been successfully collaborating with Stockholm Energi for quite some time. We're very happy to be involved and helping to make Högdalenverket safer and more sustaiable with these installations, which will also increase the operational availability, says Pasi Johansen, CEO at EKTK. Högdalenverket is one of the

Three Instalco companies in Finland collaborate on construction of new school

The Instalco companies, Uudenmaan LVI-Talo, Twinputki and Milvent have been jointly engaged for installations at a new school that will be built in Helsinki, Böle School. The partners and clients involved in the project are Jatke Toimitilat construction company and the City of Helsinki.The total order value for Instalco is approximately SEK 40 million. The work involves installation of the heating & plumbing, sprinkler and ventilation systems.   “Collaboration between the Instalco subsidiaries in Finland is really progressing and this is a great example of how the Instalco model works

Instalco has extended the existing credit facility agreement amounting to 3.4 billion

Instalco has exercised a one-year extension option on the existing credit facility agreement with Danske Bank A/S, Skandinaviska Enskilda Banken AB and AB Svensk Exportkredit. The total facility amounts to SEK 3.4 billion.The extension is made under the same conditions as the original facility from 2022. After the extension, the facility runs until 2025. The conditions include the option to extend the term by another year. For more information, please contact:Christina Kassberg, CFO, christina.kassberg@instalco.seMathilda Eriksson, Head of IR, mathilda.eriksson@instalco.se +46 (0)70-

Instalco wins assignment from Svensk Kärnbränslehantering

The Instalco company, Avent AB, has won an assignment from Svensk Kärnbränslehantering AB (SKB) for the installation of ventilation systems at Clab – the Central Interim Storage Facility for Spent Nuclear Fuel.  The assignment has an order value of approximately SEK 27 million.The project involves modernization and energy-optimization of the ventilation system at Clab, in Oskarshamn. It is an interim storage facility for spent nuclear fuel. This is where all the spent nuclear fuel from Swedish nuclear power plants is kept while waiting for the final repository to begin operating. “The

Interim report January – June 2023

Good profitability and strong growthApril – June January – June 20232023 · Net sales increased by 24.8 percent and amounted to SEK · Net 7,095 (5,685) million. Organic growth, adjusted for currencysales effects, amounted to 8.4 (6.8) percent.increased by · EBITA increased by 25.0 percent and amounted to SEK 52923.5 percent (423) million. The EBITA margin was 7.5 (7.4) percent.and amounted · The EBITA margin would have amounted to 7.7 (7.4) percent,to SEK 3,832 not including a provision of SEK 15 (0) million for potentially(3,102)

Two Instalco companies in renovation assignment in Östersund

The Instalco companies, RP Montage & Energipartner and TC Kraft have won a joint assignment for installation of the heating & plumbing and electrical installations associated with major renovation work for around 200 apartments in Östersund. They have been engaged by NCC for this assignment, where the end customer is Östersundshem. The order value is approximately SEK 50 million.“We are delighted to be continuing our collaboration with NCC and Östersundshem and that we are two Instalco companies that have been selected for one of Jämtland’s major ROT (tax deduction) renovation projects. By

Invitation to phone conference with webcast in conjunction with the release of the Instalco Q2 2023 report

Instalco will release its Interim report Q2 2023 on 22 August at 07:30 CET. Instalco will also be presenting the report in a phone conference with webcast at 09:30 on the same day.Robin Boheman, CEO and Christina Kassberg, CFO will present and comment on the report. The conference will be held in English.     Publication of the interim report at 07:30 CEThttps://instalco.se/en/investors/financial-reports   Link to the webcast, 09:30 CEThttps://ir.financialhearings.com/instalco-q2-2023   Teleconference at 09:30 CEThttps://conference.financialhearings.com/

Change in number of shares and votes in Instalco

As of today, July 31, 2023, the total number of shares and votes in Instalco AB (publ) amounts to 264,107,025.During July 2023, the number of shares and votes in Instalco AB (publ) has increased by 2,531,125 as a result of the exercise of warrants of series 2020/2023 that were issued within the framework of the incentive program that was established according to the decision at the 2020 Annual General Meeting. All of these shares have been subscribed for by, and allotted to, participants in the incentive program.     Publication This press release contains information that

Instalco divests Tim Kyla AB

Instalco has decided to divest Tim Kyla AB (Timab), a company with 38 employees and annual net sales of approximately SEK 89 million.Timab, based in Stockholm, is a general contractor for grocery stores with a focus on food cooling. Timab was established in 2004 and has been part of Instalco since 2016. The buyer is Nordic Climate Group. The divestment is done to streamline the operations in Instalco’s Stockholm business area.   "Timab has long been part of Instalco and the company has performed well during its time in our group. Timab is now facing a new phase in a challenging market

Two Instalco companies in collaboration for a new assignment in Ilmala, Helsinki

Two Finnish Instalco companies are involved in the construction of an innovative office building in Helsinki. Uudenmaan Lvi-Talo and Milvent have been commissioned to install piping, heating, cooling and ventilation in Ilmalan Aura in close collaboration. The assignment is to be carried out during 2023-2024 and has an order value of approximately SEK 60 million.The five-story office building Ilmalan Aura, of approximately 17,000 square meters, is to be completed in 2024. The property's adaptable floor plans and versatile services are designed to meet the working life of the future.

Instalco companies sign new framework agreement with JM

PoB:s Elektriska and El-Pågarna have, jointly, signed a new 3-year framework agreement with housing developer JM for electrical installations in conjunction with future construction projectsJM, El-Pågarna and PoB:s Elektriska are extending their prior collaboration and the new framework agreement will allow JM to place call-off orders over the term of the new agreement. The agreement is valid for three years with the option to extend for two years, until May 2028.   “We’re very happy and proud that JM has renewed its confidence in us. It confirms that we have delivered in accordance

Instalco will collaborate on construction of a school in Bergen

The Instalco companies, FN Elektro & Ventilasjon AS and Grevstad & Tvedt VVS AS are collaborating on an assignment to renovate and expand Askøy High School, which is located in northern Bergen. They will be responsible for the design and installation of the electrical, heating & plumbing and ventilation systems.The project has an estimated total order value of NOK 100 million for Instalco.   Askøy High School is being expanded and renovated, with new construction in solid timber. Instalco will deliver the complete electrical systems, solar panels, air treatment & cooling solutions, a

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