Nordic Modular’s Annual Report 2012

The annual report from Nordic Modular Group AB is now available at nordicmodular.com

Nordic Modular Group AB 2012

  • The group’s net sales fell by 6 percent to SEK 601 million (642)
  • Rental income increased by 5 percent to SEK 257 million (244)
  • EBITDA increased by 3 percent and amounted to SEK 191 million (185)

Comments from the Group Chief Executive Per Johansson

” 2012 proved to be an eventful year for Nordic Modular. It felt like we got to experience an entire economic cycle all within only 12 months. The year began with a good level of demand and order inflow; however, early in the summer the business climate cooled off and our order inflow stagnated right to the end of the year, at which time a few major orders gave us hope for a positive turnaround in 2013.

In 2013, sales have begun well for both Temporent and Flexator’s production of turnkey projects in Anneberg, but the trend is worse for the production of site huts and modules in Gråbo. The volatility in demand on the market has been considerable in recent years and this naturally creates uncertainty in assessing the market trends to come. Mixed signs of a continued improvement in the economy and that demand at the moment tends to be improving make for a positive indication for the immediate future.”

About Nordic Modular

Nordic Modular Group AB is a wholly owned subsidiary of Kungsleden AB (publ). Nordic Modular is engaged in the development, manufacture, sale and rental of relocatable buildings for professional customers in the Nordic countries. The typical use is offices, schools and preschools. Nordic Modular’s operation is run exclusively through its subsidiaries: Temporent, Flexator and Nordic Modular Leasing. Our vision is to lead the development of a Nordic market for modular buildings. Modular buildings are industrially manufactured sectional units made into finished rooms – floor, walls and roof elements are fitted together and then finished at the factory with a surface layer, permanent fixtures and installations.The modules are then transported to the building site, lifted into place and set up on a prepared foundation. The whole process takes anywhere from a few weeks to a couple of months.

Read more: www.nordicmodular.com

Contact

Per Johansson, Managing Director Nordic Modular Group AB, tel 46 8 590 990 43, mobile 46 70 573 02 05

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