“Our profitability strengthened significantly to 6.7 percent for the full year from 5.7 percent the previous year, which is truly impressive.”
Mats Johansson, President and CEO
Q4 | October–December 2024 (“the quarter”)
- Net sales for the quarter decreased by 5.9 percent to SEK 11,060 million (11,750). Organic growth was -5.8 percent and acquisitions and currency effects had an impact of 0.1 percent and -0.2 percent, respectively.
- Adjusted EBITA increased by 8.7 percent to SEK 924 million (851) compared to the same period last year, and adjusted EBITA margin amounted to 8.4 percent (7.2). Items affecting comparability amounted to SEK 886 million (129).
- EBITA decreased to SEK 38 million (721), and EBITA margin amounted to 0.3 percent (6.1).
- The result for the quarter amounted to SEK -653 million (56), mainly taken down by items affecting comparability and the amortization of PPA (Purchase Price Allocation) related assets. These items related primarily to the amortization of the accounting value of the entire of order backlog which under IFRS is recognized as an intangible asset as a result of the addition of Caverion in 2024. The PPA amortizations have no effect on operating results or cash flow and are not a recurring cost item.
- Order intake amounted to SEK 10,441 million (11,611).
Q1-Q4 | January–December 2024 (“full year”)
- Net sales for the period decreased by 3.1 percent to SEK 42,020 million (43,366). Organic growth was -3.0 percent and acquisitions and currency effects had an impact of by 0.4 percent and -0.5 percent, respectively.
- Adjusted EBITA increased by 14.1 percent to SEK 2,832 million (2,482) compared to the same period last year, and adjusted EBITA margin increased to 6.7 percent (5.7). Items affecting comparability amounted to SEK 1,509 million (331).
- EBITA decreased to SEK 1,323 million (2,151), and EBITA margin amounted to 3.1 percent (5.0).
- The result for the period amounted to SEK -589 million (635), mainly taken down by items affecting comparability and the amortization of PPA (Purchase Price Allocation) related assets. These items related primarily to the amortization of the accounting value of the entire of order backlog which under IFRS is recognized as an intangible asset as a result of the formation of the current group in 2023 and addition of Caverion in 2024. The PPA amortizations have no effect on operating results or cash flow and are not a recurring cost item.
- Order intake amounted to SEK 42,302 million (43,051).
- Order backlog at the end of the period amounted to SEK 30,805 million (30,477).
Invitation to an investor presentation
On 21 February 2025, at 10:00 CET, the company’s Executive Chairman of the Board of Directors, the President & CEO and CFO will present the developments in the quarter in a webcast.
To access to the webcast, please use this link to register in advance: https://assemblincaveriongroup.videosync.fi/2024-q4/
To listen to the presentation by telephone, please use this link to register and receive the conference call details: https://player.videosync.fi/assemblincaveriongroup/2024-q4/dial-in
The presentation material, and a recording of the webcast, will be published on the company’s website at https://www.assemblincaverion.com/investors/financial-reports.
Future reporting dates
Annual Report and Sustainability Statement 2024: April 2025
Q1 Interim Report: May 2025
Q2 Interim Report: July 2025
Q3 Interim Report: October 2025
Additional related information
Additional disclosure for holders of Assemblin Caverion Group Senior Secured Notes, is published on the corporate website under “Investors” https://www.assemblincaverion.com/investors/financial-reports.
For further information, contact:
For questions concerning this report, please contact CFO Philip Carlsson (philip.carlsson@assemblin.se, tel. +46 10 475 39 50).
For questions concerning operations in general, contact President and CEO Mats Johansson (mats.e.johansson@assemblin.se, tel. +46 10 475 39 60) or Head of Communications, Sustainability and HR Åsvor Brynnel (asvor.brynnel@assemblin.se, tel. +46 10 475 39 48).
For more information, please visit our website at www.assemblincaverion.com.