Comments from CEO Per Sjöstrand:
Instalco started 2018 with good growth and rising profitability. Sales increased to SEK 979 (689) million, of which 41.3 percent was acquired growth and 3.0 percent was organic growth. Adjusted EBITA for the first quarter was SEK 72 million, which corresponds to an adjusted EBITA margin of 7.3 (6.5) percent.
We saw a strong increase in the order backlog and at the end of the quarter, it amounted to SEK 3,736 (2,189) million, which corresponds to an increase of 70.7 percent.
We divested the company Expertkyl during the quarter, which had a negative impact on earnings for the period with SEK 30 million and SEK 0.63 on earnings per share. However, it had a positive impact on the Group’s organic growth.
The full interim report January - March 2018 can be found here: