"Despite the industry's challenges, Zengun posted its highest turnover to date. Turnover for the year totalled MSEK 2,771, and EBITDA totalled MSEK 123."
Fourth quarter
** Net turnover amounted to MSEK 781.3 (742.7)
** EBITDA totalled MSEK 33.9 (26.0), corresponding to an EBITDA margin of 4.3% (3.5)
** Earnings before tax amounted to MSEK 16.9 (14.1)
** Operating cash flow was MSEK 15.2 (67.7)
** Orders received totalled MSEK 722.6 (159.6)
** The order book amounted to MSEK 2,791.7 (3,633.1)
January - December
** Net turnover amounted to MSEK 2,771.2 (2,468.8)
** EBITDA totalled MSEK 122.8 (102.5), corresponding to an EBITDA margin of 4.4% (4.2)
** Earnings before tax amounted to MSEK 58.2 (45.7)
** Operating cash flow was MSEK 142.4 (74.1)
** Orders received totalled MSEK 1,929.9 (2,857.6)
Statement by the CEO
Complex market conditions prevailed for the construction and civil engineering industry in 2023. There was a major slowdown in housing construction while, despite some caution due to inflation and interest rates, the commercial market remained favourable. Despite these challenges, Zengun posted its highest turnover to date. Turnover for the year totalled MSEK 2,771, and EBITDA totalled MSEK 123. Zengun has thereby confirmed its market position in
Sustainable social infrastructure
Forskaren in Hagastaden, which we built on behalf of Vectura, opened to its first tenants during the quarter. The building is in the middle of one of the world's leading areas for studying life science. Opportunities for new advances will be created when talents, researchers and innovators can meet and collaborate in the same place. At Zengun, we are pleased to have contributed to
We are also proud of Kvarter 1 in
Excellent project quality
"PQi - Utmärkt Projektkvalitet" (Eng: Excellent project quality) is an annual quality award within the construction and property sector. It is awarded to projects that have maintained an extraordinarily high level of project quality over time, based on Best Practice for the industry. Kvarter 1 in
Employees create opportunities
Zengun therefore conducts two employee surveys every year, one during the last quarter of the year. Despite the brisk pace and the often challenging assignments, our index for commitment as well as leadership has increased since the spring. I'm pleased that our rating as an attractive employer is well above the benchmark. This provides us with a lot of energy and fuel going into 2024.
President and CEO
For further information, please contact:
Oskar Björklund, CFO, +46 (0) 79 072 84 57
This information is information that
Driving projects drives Zengun. We operate in
https://news.cision.com/zengun/r/zengun-group-ab--publ--full-year-report-january---december-2023,c3933510
https://mb.cision.com/Main/18512/3933510/2620859.pdf
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