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    INSTAL   SE0017483506

INSTALCO AB (PUBL)

(INSTAL)
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Delayed Nasdaq Stockholm  -  11:29 2022-07-07 am EDT
45.35 SEK   +1.80%
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Instalco wins assignment from University of Gothenburg

05/10/2022 | 05:01am EDT

The Instalco company, Elektro-Centralen, has won an assignment for work at a new building that is being constructed at University of Gothenburg, School of Business, Economics and Law. Elektro-Centralen will be responsible for the electrical installations as part of a partnering project with Akademiska Hus and Serneke.

The new building will be 10,800 sq. m. and the order value for Elektro-Centralen is approximately SEK 35 million.


"It feels both fun and exciting to a part of developing the new School of Business, Economics and Law. Akademiska Hus puts much focus on sustainability and the environment, with high requirement levels. Being a part of phase 1 of the process has been incredibly inspiring. We are very happy that the outcome has been an order for the construction," says Joakim Jörenius, Head of Marketing at Elektro-Centralen.


There are approximately 450 employees at the School of Business, Economics and Law, with around 8,000 students. Modern offices and classrooms are needed for the school to both expand and gather its activities.


The new building will have eight floors with premises for classrooms, offices, student workstations, mechanical rooms and service. It will be built adjacent to the School's other premises.
 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 115 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-wins-assignment-from-university-of-gothenburg,c3564003

https://mb.cision.com/Main/15570/3564003/1577418.pdf

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

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Financials
Sales 2022 10 969 M 1 039 M 1 039 M
Net income 2022 581 M 55,0 M 55,0 M
Net Debt 2022 1 382 M 131 M 131 M
P/E ratio 2022 20,6x
Yield 2022 1,64%
Capitalization 11 593 M 1 099 M 1 099 M
EV / Sales 2022 1,18x
EV / Sales 2023 1,07x
Nbr of Employees 5 027
Free-Float 69,6%
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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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