Instalco AB

INSTAL

Equity

ISIN SE0017483506 / Valor 116212837

NASDAQ Nordic Exchange Stockholm, Equities (2024-09-16)

SEK 46.12-0.90%

Instalco AB
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About company

Instalco AB is a company specializing in electric, plumbing, ventilation, industry, and technical consultancy services, offering design, installation, service, and maintenance for properties and facilities in Sweden, Norway, and Finland. Established in 2014 through the acquisition of five installation companies, Instalco operates with a decentralized structure, allowing each unit to work closely with clients while being supported by a small central organization. With a focus on providing clear assurances to clients, Instalco and its subsidiaries bring extensive industry experience and profitability to their operations.

Summarized from source with an LLMView SourceSector: Technology

Net Sales Overview

In the first quarter of 2024, Instalco AB reported a slight increase in net sales, reaching SEK 3,283 million compared to SEK 3,264 million in the same period the previous year, marking a 0.6 percent rise. Despite this growth, organic development adjusted for currency effects showed a decline of -8.1 percent, while acquired growth contributed positively by 9.9 percent.

Earnings Performance

Instalco AB's earnings before interest, taxes, and amortization (EBITA) for the first quarter of 2024 were SEK 231 million, slightly down from SEK 233 million in the previous year, translating to an EBITA margin of 7.0 percent compared to 7.1 percent in the first quarter of 2023. This marginal decrease highlights stable profitability amidst challenging market conditions.

Cash Flow Insights

The cash flow from operating activities for Instalco AB in the first quarter of 2024 was SEK 198 million, a decrease from SEK 222 million in the corresponding quarter of the previous year. This reduction reflects changes in working capital and ongoing financial activities within the company.

Order Backlog Status

At the end of the first quarter of 2024, Instalco AB's order backlog stood at SEK 8,921 million, slightly down by 0.7 percent from SEK 8,987 million at the end of the first quarter in 2023. The order backlog from organically comparable units fell by 3.5 percent, adjusted for currency effects, although growth from acquired companies added 3.1 percent.

Dividend and Shareholder Returns

Instalco AB's earnings per share before dilution were SEK 0.37 for the first quarter of 2024, down from SEK 0.48 in the same quarter of the previous year. After dilution, earnings per share were also SEK 0.37, compared to SEK 0.47 in 2023, reflecting the company's cautious financial management in a fluctuating economic environment.

Summarized from source with an LLMView Source

Key figures

32.5%1Y

-49.2%3Y

141%5Y

Performance

43.6%1Y

45.8%3Y

45.2%5Y

Volatility