Strong 2024 – Nimlas positioned for continued profitable growth

Nimlas Group today published its annual report for 2024, reporting another year of strong performance and profitable growth in a challenging market. With an adjusted pro forma turnover of SEK 8.8 billion and an adjusted EBITA margin of 7.2%, Nimlas demonstrate the strength of its decentralised model.

Net sales increased to SEK 8,294 million (7,161), with EBITA rising to SEK 495 million (286). The Group delivered 2% organic growth, and in line with our growth strategy, we finalised 21 strategic acquisitions adding SEK 1 billion in annual net sales.

– “We continued to grow and improve profitability during 2024, all in a declining market. Nimlas is well on its way to become the next big success in the Nordic technical installation industry,” says Christoffer Järkeborn, CEO of Nimlas Group.

With a focus on renovation, service and maintenance, making up two-thirds of our net sales, Nimlas remained stable and profitable even as new build volumes remained low. In 2024, Nimlas completed more than 1,400 projects, 95% of which were small to medium-sized.

–“Nimlas’ product mix and diversified portfolio have provided stability during this volatile period, demonstrating the strength of our strategy,” says Järkeborn.

The full 2024 annual report available here >