Nimlas Group is growing rapidly and is now the fourth largest installation group in the Nordics

Nimlas Group AB is reporting a strong result för the fiscal year 2023. This marks the second full operational year for the Nordic installation group, which was founded in 2021.

The result

2023 was our second full year as Nimlas. At the beginning of the year, Konstel, our operation in Norway, formally became a part of Nimlas and we continued our journey towards becoming the most profitable installation group in the Nordics with a strong focus on sustainability. In 2023, our pro forma turnover grew to SEK 7.9 billion and pro forma adj. EBITA increased to SEK 546 million.

The key to our success lies in our strategy – to provide a multidisciplinary offering in many geographies – and our model – of local companies that know their market and have a clear mandate to drive and develop their business.

Comments from the CEO

Throughout 2023, we laid a strong foundation by successfully building a robust Nimlas with a comprehensive offering across the Nordic region. In the future, we will be giving greater priority to enhancing the company's governance and procedures but, in 2024, our primary objective is to sharpen our focus on increasing profitability. We are committed to streamlining internal operations, bolstering support for our local subsidiaries, improving efficiency in procurement, and providing additional training to empower our employees to excel in their roles. Our growth strategy entails both organic expansion and strategic acquisitions of profitable companies that align with our culture and values.

Nimlas has established clear and long-term financial objectives to drive towards its vision of becoming the most profitable and sustainable installation group in the Nordics. Our sales target has been raised from SEK 10 billion to SEK 12 billion and, by maintaining a goal of at least a 10 percent EBITA margin, economic sustainability is also ensured.

We are the Nimlas Group

Nimlas provides services across the full range of technical disciplines from heating & sanitation, electricity, ventilation, automation, fire safety, cooling/refrigeration, and related services.

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Nimlas Group AB

Rosenborgsgatan 12,
169 74, Solna, Sweden

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