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    INSTAL   SE0017483506

INSTALCO AB (PUBL)

(INSTAL)
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Five Instalco companies collaborate on assignment for Peab

12/16/2021 | 02:21am EDT

Five Instalco companies have been contracted by Peab for a joint assignment. It involves design and installation of the electrical, heating & plumbing, ventilation and sprinkler systems for one of the buildings in the property called Entré in Malmö. The work will be carried out as a partnering project and the total order value is approximately SEK 55 million.

The following Instalco companies are involved, each responsible for specific parts: El-Pågarna (electrical), Bi-Vent (ventilation), Rörläggaren (heating & plumbing), Sprinklerbolaget (sprinklers) and Intec (design).

One of the buildings of the property in Malmö, Entré, previously contained office premises and it is now being renovated to house offices, a healthcare clinic and a restaurant.

"Instalco has been successfully collaborating with Peab for a long time and we are happy that they have contracted us for this assignment. It's a great example of how the Instalco model works, where several Instalco companies are involved, collaborating with the client and end customer, who get a complete product of the highest quality from us," says Patrik Persson, Business Area Manager for Instalco South.

All of the premises will be equipped with demand-driven installations as part of an overall solution that saves energy. For example, the existing ventilation units will be equipped with new, more energy-efficient fans.

The work is already underway and expected to be completed during 2023, with the aim of having it certified as a Sustainable Instalco Project. The client is Peab Sverige AB, and the end customer is Fastighets AB Trianon.

For further information
Fredrik Trahn, Head of IR & Communications
phone +46 70 913 67 96, e-mail fredrik.trahn@instalco.se

Instalco is one of the leading installation companies in the Nordic region, active in the areas of heating, plumbing, electricity, cooling, technical consulting and industrial solutions. We offer project planning, design, installation, service and maintenance of systems installed at properties and facilities throughout Sweden, Norway and Finland. The operations are conducted through approximately 100 leading and highly specialised local companies, with the support of a small central organisation. Instalco is listed at Nasdaq Stockholm under the ticker INSTAL. For further information, visit www.instalco.se

https://news.cision.com/instalco/r/five-instalco-companies-collaborate-on-assignment-for-peab,c3473165

https://mb.cision.com/Main/15570/3473165/1510505.pdf

(c) 2021 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2022 10 950 M 1 099 M 1 099 M
Net income 2022 581 M 58,3 M 58,3 M
Net Debt 2022 1 349 M 135 M 135 M
P/E ratio 2022 22,9x
Yield 2022 1,48%
Capitalization 12 871 M 1 292 M 1 292 M
EV / Sales 2022 1,30x
EV / Sales 2023 1,17x
Nbr of Employees 5 027
Free-Float 69,6%
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