Nordic Modular’s Annual Report 2014

May 06, 2015

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

Nordic Modular Group AB 2014

  • The Group’s net sales figures increased by 7 percent to SEK 668 million (627)
  • Rental revenues increased by 2 percent to SEK 267 million (262)
  • EBITDA increased by 5 percent and amounted to SEK 203 (194)

Comments from the Group Chief Executive Per Johansson

” We entered 2014 with the wind in our sails. The effects of the international financial crisis started to die down, the economy strengthened and the volatility in demand from our customers moderated. The opportunities appeared to be larger than the challenges in advance of the year.

The opportunities were indeed fulfilled and 2014 was a good year with growth measured in sales, turnover and profit in all three business areas.”

About Nordic Modular

Nordic Modular conducts 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. From 8 January 2015 Nordic Modular Group is owned by Inter IKEA Investments AB (65%) and Kungsleden AB (publ).

Read more: www.nordicmodular.com

Contact

Per Johansson, Managing Director Nordic Modular Group AB, tel +46 8 590 990 43, per.johansson@nordicmodular.com
Kim Viitanen, Chief Financial Officer, Nordic Modular AB, tel +46 8 590 994 42, kim.viitanen@nordicmodular.com

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