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    INSTAL   SE0017483506

INSTALCO AB (PUBL)

(INSTAL)
  Report
Delayed Nasdaq Stockholm  -  11:29 2022-11-25 am EST
43.91 SEK   -0.52%
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Instalco company engaged in new assignment for LKAB

09/09/2022 | 04:16am EST

The Instalco company, MRM Mining AB in Gällivare has been engaged by LKAB for construction of a new workshop building and new environmental station. The budget for the order is in the range of SEK 70 to 80 million.

The contract is for foundation work, including the underground pipes for heating and plumbing that will connect the buildings to the existing systems for heating & plumbing and district heating at the new Vitåfors industrial area.  MRM Mining will subcontract the groundwork to one of Instalco's other subsidiaries, EPS Sweden.

 

"This is a relatively large construction project with a tight timeline. It will require very careful planning to ensure that we deliver on time, with high quality. One of the particularly challenging aspects is that the work will need to be done during the winter months in an Arctic climate. We are proud to have won this assignment, which is based on our extensive experience and long-term collaboration with LKAB," says Mattias Nilcsson, CEO at MRM Mining.

 

The scope of the construction project covers new construction and relocation of the existing logistics solutions, functions and facilities that are critical to LKAB's everyday operations at Vitåfors, yet are currently situated in areas designated for future facilities.

 

The work will begin in September 2022 and is expected to be completed during the third quarter of 2023.

 

 

 

 

 

 

 

 

 

 

For more information, please contact:

Mattias Nilsson, CEO for MRM Mining, +46 70-600 60 75, mattias.nilsson@mrmmining.se
Fredrik Trahn, Head of Communications and IR, +46 70-913 67 96, fredrik.trahn@instalco.se

Mikael Uusitalo, Project Manager, Anläggningsprojekt LKAB Malmberget, 070-319 24 11, mikael.uusitalo@lkab.com

 

 

Instalco's is one of the leading installation companies in the Nordic region for electrical, heating & plumbing, ventilation, cooling, industrial solutions and technical consulting. We offer system design, installation and service & maintenance of buildings and facilities in Sweden, Norway and Finland. The business is run through our 120 subsidiaries, with support from a small, central organisation. Instalco is listed on NasdaqStockholm under the ticker INSTAL. For more information, visit www.instalco.se.

https://news.cision.com/instalco/r/instalco-company-engaged-in-new-assignment-for-lkab,c3628619

https://mb.cision.com/Main/15570/3628619/1624993.pdf

(c) 2022 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2022 11 584 M 1 111 M 1 111 M
Net income 2022 504 M 48,3 M 48,3 M
Net Debt 2022 2 338 M 224 M 224 M
P/E ratio 2022 22,9x
Yield 2022 1,57%
Capitalization 11 428 M 1 096 M 1 096 M
EV / Sales 2022 1,19x
EV / Sales 2023 1,10x
Nbr of Employees 5 517
Free-Float 69,7%
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Number of Analysts 3
Last Close Price 43,91 SEK
Average target price 59,75 SEK
Spread / Average Target 36,1%
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Robin Boheman Chief Executive Officer
Christina Kassberg Chief Financial Officer
Per Wiking Sj÷strand Chairman
Leif Johnny Alvarsson Independent Director
Eva Carina Edblad Independent Director
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