Nordic Modular’s Annual Report 2016

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

Nordic Modular Group AB 2016

  • The Group’s net sales figures increased by 8 percent to SEK 797 million (739)

  • Rental revenues increased by 8 percent to SEK 310 million (288)

  • EBITDA increased by 8 percent and amounted to SEK 251 (232)
     

Comments from the Group Chief Executive Per Johansson

”2016 was yet another record year for the Nordic Modular Group. A very positive market development undoubtedly played into our hands rather nicely and laid the foundations for the excellent demand during the year. Our capacity utilisation is now so high that the potential for improvement in the profitability is lower than it was a year ago. Even so, we can observe that many things promise well for the coming year.”

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. Nordic Modular Group AB is owned by Nalka Invest AB through subsidiaries.

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 Group AB, tel +46 8 590 994 42, kim.viitanen@nordicmodular.com

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