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    INSTAL   SE0009664253

INSTALCO AB (PUBL)

(INSTAL)
  Report
Delayed Quote. Delayed Nasdaq Stockholm - 12/01 11:29:34 am
400.2 SEK   +0.30%
11/18Instalco expands it offering to the mining industry
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11/18INSTALCO AB (OM : INSTAL) acquired EPS Sweden AB/MRM Mining AB.
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11/09Interim report Juli - September 2021
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Instalco : continues to grow in Ísterg÷tland

05/12/2021 | 08:02am EST

Instalco is acquiring Rörmokaren AB in Norrköping and thereby continuing its expansion in Östergötland, Sweden. Rörmokaren has a strong service offering, which is in line with Instalco's strategy to grow that part of the business.

The company was established in 1989 and it currently has around 20 employees. For the 2019/2020 business year, sales were approximately SEK 31 million.

"For electrical installations, Instalco has had a strong position in this region for quite some time. Now, with the acquisition of Rörmokaren, we will add heating & plumbing installations to our offering and thereby become multidisciplinary. Rörmokaren is an excellent fit with our other companies in the area as well," says Peter Hjerpe, Business Area Manager for Instalco East.

Rörmokaren has a complete service offering for heating, plumbing and ventilation installations. It offers turnkey installations for industry, office premises and stores, as well as a full range of service. It mainly works with property companies, construction companies and housing cooperatives.

"It feels quite stimulating to be joining the Instalco Group and begin collaborating with the other subsidiaries, particularly those in our local market. We're happy to contribute our expertise in heating & plumbing installations to the Instalco team of companies in Östergötland and are excited about gaining access to other knowledge that exists within the Group," says Mathias Asplund, CEO at Rörmokaren.

Instalco will acquire 100 percent of the shares in Rörmokaren AB as of 12 May 2021.


For further information

Fredrik Trahn, Head of IR and 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 90 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/instalco-continues-to-grow-in-ostergotland,c3346228

https://mb.cision.com/Main/15570/3346228/1416904.pdf

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

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Financials
Sales 2021 8 750 M 968 M 968 M
Net income 2021 558 M 61,7 M 61,7 M
Net Debt 2021 1 059 M 117 M 117 M
P/E ratio 2021 37,6x
Yield 2021 0,80%
Capitalization 20 427 M 2 261 M 2 260 M
EV / Sales 2021 2,46x
EV / Sales 2022 2,09x
Nbr of Employees 4 597
Free-Float 81,5%
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Mean consensus BUY
Number of Analysts 2
Last Close Price 399,00 SEK
Average target price 511,00 SEK
Spread / Average Target 28,1%
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Managers and Directors
Robin Boheman Chief Executive Officer
Christina Kassberg Chief Financial Officer
Per Wiking Sj÷strand Chairman
Leif Johnny Alvarsson Independent Director
Per Olof EhrlÚn Independent Director