Instalco AB
STO:INSTAL
Instalco AB
Instalco AB engages in the provision of installation services. The company is headquartered in Stockholm, Stockholm and currently employs 4,887 full-time employees. The company went IPO on 2017-05-11. The firm offers installation and regular repairs of district heating, plumbing replacement, new construction and preventive maintenance; design, installation, and maintenance of electrical installation; technical solutions and installation of ventilation solutions for air treatment, air conditioning and indoor climate; design, installation and maintenance of water sprinklers; industrial pipe systems, machinery installation and installations of cooling systems, as well as installation of switchgear, transformers, busbars and power stations, among others. The services are designed mainly for commercial premises, housing, public construction, warehousing, offices and retail trade, as well as process industries. The firm operates in Sweden, Norway and Finland through numerous subsidiaries.
Instalco AB engages in the provision of installation services. The company is headquartered in Stockholm, Stockholm and currently employs 4,887 full-time employees. The company went IPO on 2017-05-11. The firm offers installation and regular repairs of district heating, plumbing replacement, new construction and preventive maintenance; design, installation, and maintenance of electrical installation; technical solutions and installation of ventilation solutions for air treatment, air conditioning and indoor climate; design, installation and maintenance of water sprinklers; industrial pipe systems, machinery installation and installations of cooling systems, as well as installation of switchgear, transformers, busbars and power stations, among others. The services are designed mainly for commercial premises, housing, public construction, warehousing, offices and retail trade, as well as process industries. The firm operates in Sweden, Norway and Finland through numerous subsidiaries.
EBITA Growth: For the first time in seven quarters, EBITA increased year-over-year, signaling an operational turnaround.
Revenue & Margin: Net sales reached SEK 13.6 billion for the year, with Q4 sales growing 4.4% and EBITA margin improving to 7.2%.
Strong Cash Flow: Cash flow from operations remained robust, with a 108% cash conversion rate and a focus on working capital improvements.
Order Backlog: The order backlog grew to SEK 9.5 billion, supported by strong intake in Norway and Finland, though execution on some orders is expected to be gradual.
Instalco 2.0 Impact: Ongoing operational improvement initiatives are delivering results, including sharper priorities and better risk management.
Financial Position: Leverage decreased to 2.8x net debt/EBITDA from 3.3x in Q3, and the Board proposed a SEK 0.5 per share dividend.
Market Outlook: Management remains cautious due to mixed demand and slow decision-making in some regions, but sees early signs of recovery and stable service demand.
