Flexator

Flexator plans, manufactures and sells business premises in modular buildings based on standardised building systems. The areas of application can include everything, from site huts to advanced schools, preschools, student accommodation and housing for the elderly. The customers consist mainly of municipalities, county councils and major companies in Sweden.

Flexator

Custom Modular Buildings

One part of Flexator’s operation is custom modular buildings which are sold complete as turnkey constructions at a fixed price according to a payment plan. It is most common that a customer will purchase his modular building outright; however, if the customer prefers operational leasing financing, the building is then first sold to Nordic Modular Leasing who then in turn leases it out to the customer. Customers are primarily municipalities and major companies.

Catalogue Buildings

Many alternatives are offered by means of prefabricated, so-called catalogue buildings which are available in a number of varieties for different activities. Someone who wants to build a house would ordinarily turn to a home builder who can show how the different kinds of houses look and what they cost. This makes purchasing the house easy and saves the consumer money. Flexator offers the equivalent in its catalogue buildings, which are professional buildings for professional customers.

Standard Modules and Site Huts

The other operation pertains to standard modules and site huts which are made to order according to the customer’s instructions and supplied to the factory gate for a fixed price which is invoiced in step with completion.

Customers consist of rental companies such as Temporent, Cramo and Stavdal.

Focus:

  • Industrially produced relocatable professional buildings with the highest possible degree of prefabrication.
  • Focus on catalogue buildings, which are in-house designed buildings providing cost benefits for schools, preschools, offices and housing.
  • Solvent customers in the public administration and the private sector.
  • Process development according to the lean methodology.

Advantages of Module-based Construction

Flexibility – Modular buildings can be relocated, rearranged or expanded. In locations or areas with low demand for premises, modular buildings enable customers to sell premises which are no longer needed in their operations.

Time-saving – The construction method allows onsite preparations to be done in parallel with the manufacturing of the modules. Manufacturing in a factory environment is done in a coordinated fashion according to a well-developed methodology characterised by short lead times.

Cost-saving – An industrialised manufacturing process indoors can be optimised and be more efficient than conventional construction methods. In particular, planning, working methods, material processing and purchasing can be made more efficient.

Quality – The entire course of production can be monitored and supervised by the manufacturer at all stages of production. A continuous improvement process improves the quality, which is only marginally affected by weather conditions and other external factors at the construction site.

Developments during 2017

The order inflow for the Anneberg factory was uneven, with long, drawn-out, business processes, complicated licensing procedures and delayed building permission. The latter resulted in an increased stock of completed house bodies at the end of the year for delivery during 2018. Extensive work has been spent on increasing the
efficiency of the production process, which is expected to bear fruit during 2018 and onwards. The goal for the product mix was reached, with 2/3 catalogue buildings and a high production rate during the year, but the sales still dropped to SEK 274 million (309).

The Gråbo factory ran at high speed during the year. The demand for site huts dropped, but the production of rental modules for Temporent rose. There was a change-over phase for the manufacturing of Temporent’s new generation of modular systems, which weighed heavily on the profitability. The sales rose to SEK
222 million (180).

Flexator’s total order inflow amounted to SEK 446 million (486) and the value of the order stock at the end of the year amounted to SEK 244 million (254).

Flexator’s total sales reduced to SEK 489 million (517) and EBITDA fell to SEK 25 million (34).

Contact

Ola Adolfsson

Flexator
Managing Director
Tel: +46 380 550713

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