Q2-osavuosiraportti
62 päivää sitten‧41 min
0,68 SEK/osake
Viimeisin osinko
2,47 %
Tuotto/v
Tarjoustasot
Nasdaq Stockholm
Määrä
Osto
53 576
Myynti
Määrä
55 797
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 46 | - | - | ||
| 162 | - | - | ||
| 467 | - | - | ||
| 217 | - | - | ||
| 31 | - | - |
Ylin
27,6VWAP
Alin
26,64VaihtoMäärä
6,9 252 216
VWAP
Ylin
27,6Alin
26,64VaihtoMäärä
6,9 252 216
Välittäjätilasto
Ostaneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 252 216 | 252 216 | 0 | 0 |
Myyneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 252 216 | 252 216 | 0 | 0 |
Yhtiötapahtumat
| Seuraava tapahtuma | |
|---|---|
| 2025 Q3-osavuosiraportti | 24.10. |
| Menneet tapahtumat | ||
|---|---|---|
| 2025 Q2-osavuosiraportti | 18.7. | |
| 2024 Yhtiökokous | 6.5. | |
| 2025 Q1-osavuosiraportti | 29.4. | |
| 2024 Q4-osavuosiraportti | 13.2. | |
| 2024 Q3-osavuosiraportti | 25.10.2024 |
Datan lähde: Millistream, Quartr
Asiakkaat katsoivat myös
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
4.9.·Just bought a stake here, as this stock looks exciting. What is the reason for the decline since 2021? The price target looks promising at first glance. Is it solely due to rising prices for materials and interest rates, as mentioned in the thread here, or is there more to it?
18.7.·Instalco Q22025: Year-on-year for the quarter, net sales -3.9% (-2.8% organic), EBITA -15% with a margin of 6.4%, and EPS was SEK0.42 (-12%). Cash conversion was strong with CFO +28%. Order backlog +3.2% (4.6% organic and currency adjusted), and sequentially things look better: net sales +6.7%, EBITA +8.3%, EPS +163%. FCF excluding M&A on a 12-month rolling basis puts Instalco at an 8.3% FCF yield, supported by the release of working capital this quarter. If the bottom of the construction cycle has not been reached (the problems lie in the metropolitan areas of Sweden and Finland), it is close and turning slowly. Skanska and others have announced increases in orders. Sweden’s leading interest rate has fallen from 4% to 2% and could be lowered further. There may still be some excess new construction to be worked through in the backlog for the rest of the year, but service, renovation and technical consultancy are likely to pick up from here. Instalco has wisely turned to these areas in the difficult times. Service now accounts for 36% of revenue, up 3 percentage points year-on-year. Management cites increased investments in green transition, security/defense and aging properties as supporting demand growth. Management has secured a new credit agreement with the existing bank consortium, ensuring financial capacity; however, the investment case remains risky, as ND/EBITDA rose to 3.1x, 0.6 turns above target. The covenants are, frustratingly, not disclosed, but “the group has a margin to the limits”. Instalco has only completed one acquisition this year, burdened by a stretched balance sheet, but Fabri, Instalco’s minority investment in Germany (which will increase over time), has completed three deals this year and currently has 17 subsidiaries (vs. Instalco’s ~150). The M&A opportunities in Germany are huge, 4x larger than the Nordics combined. Founder Per Sjöstrand will take over as interim CEO from Robin Boheman at the end of this month with the aim of a more hands-on approach to get margins up to the targeted 8%.
17.7.·The best turnaround case of the decade? In 2021, the price was at ATH. Then came the material price increases and the policy rate was raised. The construction sector collapsed. Since 2021, Instalco has increased its turnover from ~8.9 SEK million to ~13.7 SEK million (Q1 2025 showed a rolling 12-month turnover of SEK 13.7 million). Between 2021-2025, it has acquired 50-55 new companies and increased from ~4900 to ~6200 employees. In other words, turnover has grown by ~35% and the number of employees by ~27%. Profitability, however, has decreased from ~6.28% in 2021 to 2.66% in 2024. The policy rate has now come down from 4% to 2% and is predicted to continue to be lowered = the market should pick up speed soon. However, new production is likely to be weak for some time to come due to high production before the construction sector collapsed, but service, reconstruction, ROT work, etc. are likely to pick up. Thanks to the broadening towards renovation, industry and service, the company is, however, better equipped than before to handle weaknesses in the new production market. If the estimates published yesterday are met, Q1 will be beaten, which signals a turnaround, albeit in an early phase. Q1 2025: Net sales: 3.33 MSEK EBIT: 150 MSEK Estimates Q2 2025: Net sales: 3.545 - 3.667 MSEK EBIT: 163.7 - 196.7 MSEK The fact that the policy rate is predicted to continue to fall in parallel with Instalco's now significantly larger operations and the new loan of 3.4 MSEK that is intended to go to new acquisitions means that I see incredible potential in this stock. Who will be appointed as the new CEO remains to be seen, but the fact that Per Sjöstrand, the company's founder, will steer the helm until a replacement for Robin is found feels very promising. Borrowing SEK 3.4 million to make further acquisitions at a time when many good companies are doing poorly is wise. Here, they are preparing for the future. The fact that the loan was granted signals faith in the future on the part of the bank. The price has fallen ~73% since the ATH. We currently see a price that is ~20% (!) below the price 5 years ago. A return to that level within a year or so is not unreasonable at all, as long as the market turns around, especially considering that the company has grown significantly larger since then. A return would mean a profit of 370%. New ATH levels are not entirely unreasonable considering the company's larger volume. In the long term, of course. The report will be released tomorrow. Exciting!
18.7.·I would say that the price development we see today is absolutely correct.18.7.·I bought 8400 shares yesterday. I'm happy about that today! 😆 With the recent cuts in the key interest rate (from 4% to 2%) and the Riksbank mentioning that more may come, it feels very promising. Instalco is a stable company that has actually managed to deliver quite well while many other companies have gone to their knees during this recession - just think how they can deliver when the market blooms again. Now they have also recruited more companies. The future looks bright!
15.7.15.7.Seems like a very undervalued company based on the revenue. unless something as new investor I should know?
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Uutiset ja analyysit
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Q2-osavuosiraportti
62 päivää sitten‧41 min
0,68 SEK/osake
Viimeisin osinko
2,47 %
Tuotto/v
Uutiset ja analyysit
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
- 4.9.·Just bought a stake here, as this stock looks exciting. What is the reason for the decline since 2021? The price target looks promising at first glance. Is it solely due to rising prices for materials and interest rates, as mentioned in the thread here, or is there more to it?
- 18.7.·Instalco Q22025: Year-on-year for the quarter, net sales -3.9% (-2.8% organic), EBITA -15% with a margin of 6.4%, and EPS was SEK0.42 (-12%). Cash conversion was strong with CFO +28%. Order backlog +3.2% (4.6% organic and currency adjusted), and sequentially things look better: net sales +6.7%, EBITA +8.3%, EPS +163%. FCF excluding M&A on a 12-month rolling basis puts Instalco at an 8.3% FCF yield, supported by the release of working capital this quarter. If the bottom of the construction cycle has not been reached (the problems lie in the metropolitan areas of Sweden and Finland), it is close and turning slowly. Skanska and others have announced increases in orders. Sweden’s leading interest rate has fallen from 4% to 2% and could be lowered further. There may still be some excess new construction to be worked through in the backlog for the rest of the year, but service, renovation and technical consultancy are likely to pick up from here. Instalco has wisely turned to these areas in the difficult times. Service now accounts for 36% of revenue, up 3 percentage points year-on-year. Management cites increased investments in green transition, security/defense and aging properties as supporting demand growth. Management has secured a new credit agreement with the existing bank consortium, ensuring financial capacity; however, the investment case remains risky, as ND/EBITDA rose to 3.1x, 0.6 turns above target. The covenants are, frustratingly, not disclosed, but “the group has a margin to the limits”. Instalco has only completed one acquisition this year, burdened by a stretched balance sheet, but Fabri, Instalco’s minority investment in Germany (which will increase over time), has completed three deals this year and currently has 17 subsidiaries (vs. Instalco’s ~150). The M&A opportunities in Germany are huge, 4x larger than the Nordics combined. Founder Per Sjöstrand will take over as interim CEO from Robin Boheman at the end of this month with the aim of a more hands-on approach to get margins up to the targeted 8%.
- 17.7.·The best turnaround case of the decade? In 2021, the price was at ATH. Then came the material price increases and the policy rate was raised. The construction sector collapsed. Since 2021, Instalco has increased its turnover from ~8.9 SEK million to ~13.7 SEK million (Q1 2025 showed a rolling 12-month turnover of SEK 13.7 million). Between 2021-2025, it has acquired 50-55 new companies and increased from ~4900 to ~6200 employees. In other words, turnover has grown by ~35% and the number of employees by ~27%. Profitability, however, has decreased from ~6.28% in 2021 to 2.66% in 2024. The policy rate has now come down from 4% to 2% and is predicted to continue to be lowered = the market should pick up speed soon. However, new production is likely to be weak for some time to come due to high production before the construction sector collapsed, but service, reconstruction, ROT work, etc. are likely to pick up. Thanks to the broadening towards renovation, industry and service, the company is, however, better equipped than before to handle weaknesses in the new production market. If the estimates published yesterday are met, Q1 will be beaten, which signals a turnaround, albeit in an early phase. Q1 2025: Net sales: 3.33 MSEK EBIT: 150 MSEK Estimates Q2 2025: Net sales: 3.545 - 3.667 MSEK EBIT: 163.7 - 196.7 MSEK The fact that the policy rate is predicted to continue to fall in parallel with Instalco's now significantly larger operations and the new loan of 3.4 MSEK that is intended to go to new acquisitions means that I see incredible potential in this stock. Who will be appointed as the new CEO remains to be seen, but the fact that Per Sjöstrand, the company's founder, will steer the helm until a replacement for Robin is found feels very promising. Borrowing SEK 3.4 million to make further acquisitions at a time when many good companies are doing poorly is wise. Here, they are preparing for the future. The fact that the loan was granted signals faith in the future on the part of the bank. The price has fallen ~73% since the ATH. We currently see a price that is ~20% (!) below the price 5 years ago. A return to that level within a year or so is not unreasonable at all, as long as the market turns around, especially considering that the company has grown significantly larger since then. A return would mean a profit of 370%. New ATH levels are not entirely unreasonable considering the company's larger volume. In the long term, of course. The report will be released tomorrow. Exciting!18.7.·I would say that the price development we see today is absolutely correct.18.7.·I bought 8400 shares yesterday. I'm happy about that today! 😆 With the recent cuts in the key interest rate (from 4% to 2%) and the Riksbank mentioning that more may come, it feels very promising. Instalco is a stable company that has actually managed to deliver quite well while many other companies have gone to their knees during this recession - just think how they can deliver when the market blooms again. Now they have also recruited more companies. The future looks bright!
- 15.7.15.7.Seems like a very undervalued company based on the revenue. unless something as new investor I should know?
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Nasdaq Stockholm
Määrä
Osto
53 576
Myynti
Määrä
55 797
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 46 | - | - | ||
| 162 | - | - | ||
| 467 | - | - | ||
| 217 | - | - | ||
| 31 | - | - |
Ylin
27,6VWAP
Alin
26,64VaihtoMäärä
6,9 252 216
VWAP
Ylin
27,6Alin
26,64VaihtoMäärä
6,9 252 216
Välittäjätilasto
Ostaneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 252 216 | 252 216 | 0 | 0 |
Myyneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 252 216 | 252 216 | 0 | 0 |
Asiakkaat katsoivat myös
Yhtiötapahtumat
| Seuraava tapahtuma | |
|---|---|
| 2025 Q3-osavuosiraportti | 24.10. |
| Menneet tapahtumat | ||
|---|---|---|
| 2025 Q2-osavuosiraportti | 18.7. | |
| 2024 Yhtiökokous | 6.5. | |
| 2025 Q1-osavuosiraportti | 29.4. | |
| 2024 Q4-osavuosiraportti | 13.2. | |
| 2024 Q3-osavuosiraportti | 25.10.2024 |
Datan lähde: Millistream, Quartr
Q2-osavuosiraportti
62 päivää sitten‧41 min
Uutiset ja analyysit
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Yhtiötapahtumat
| Seuraava tapahtuma | |
|---|---|
| 2025 Q3-osavuosiraportti | 24.10. |
| Menneet tapahtumat | ||
|---|---|---|
| 2025 Q2-osavuosiraportti | 18.7. | |
| 2024 Yhtiökokous | 6.5. | |
| 2025 Q1-osavuosiraportti | 29.4. | |
| 2024 Q4-osavuosiraportti | 13.2. | |
| 2024 Q3-osavuosiraportti | 25.10.2024 |
Datan lähde: Millistream, Quartr
0,68 SEK/osake
Viimeisin osinko
2,47 %
Tuotto/v
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
- 4.9.·Just bought a stake here, as this stock looks exciting. What is the reason for the decline since 2021? The price target looks promising at first glance. Is it solely due to rising prices for materials and interest rates, as mentioned in the thread here, or is there more to it?
- 18.7.·Instalco Q22025: Year-on-year for the quarter, net sales -3.9% (-2.8% organic), EBITA -15% with a margin of 6.4%, and EPS was SEK0.42 (-12%). Cash conversion was strong with CFO +28%. Order backlog +3.2% (4.6% organic and currency adjusted), and sequentially things look better: net sales +6.7%, EBITA +8.3%, EPS +163%. FCF excluding M&A on a 12-month rolling basis puts Instalco at an 8.3% FCF yield, supported by the release of working capital this quarter. If the bottom of the construction cycle has not been reached (the problems lie in the metropolitan areas of Sweden and Finland), it is close and turning slowly. Skanska and others have announced increases in orders. Sweden’s leading interest rate has fallen from 4% to 2% and could be lowered further. There may still be some excess new construction to be worked through in the backlog for the rest of the year, but service, renovation and technical consultancy are likely to pick up from here. Instalco has wisely turned to these areas in the difficult times. Service now accounts for 36% of revenue, up 3 percentage points year-on-year. Management cites increased investments in green transition, security/defense and aging properties as supporting demand growth. Management has secured a new credit agreement with the existing bank consortium, ensuring financial capacity; however, the investment case remains risky, as ND/EBITDA rose to 3.1x, 0.6 turns above target. The covenants are, frustratingly, not disclosed, but “the group has a margin to the limits”. Instalco has only completed one acquisition this year, burdened by a stretched balance sheet, but Fabri, Instalco’s minority investment in Germany (which will increase over time), has completed three deals this year and currently has 17 subsidiaries (vs. Instalco’s ~150). The M&A opportunities in Germany are huge, 4x larger than the Nordics combined. Founder Per Sjöstrand will take over as interim CEO from Robin Boheman at the end of this month with the aim of a more hands-on approach to get margins up to the targeted 8%.
- 17.7.·The best turnaround case of the decade? In 2021, the price was at ATH. Then came the material price increases and the policy rate was raised. The construction sector collapsed. Since 2021, Instalco has increased its turnover from ~8.9 SEK million to ~13.7 SEK million (Q1 2025 showed a rolling 12-month turnover of SEK 13.7 million). Between 2021-2025, it has acquired 50-55 new companies and increased from ~4900 to ~6200 employees. In other words, turnover has grown by ~35% and the number of employees by ~27%. Profitability, however, has decreased from ~6.28% in 2021 to 2.66% in 2024. The policy rate has now come down from 4% to 2% and is predicted to continue to be lowered = the market should pick up speed soon. However, new production is likely to be weak for some time to come due to high production before the construction sector collapsed, but service, reconstruction, ROT work, etc. are likely to pick up. Thanks to the broadening towards renovation, industry and service, the company is, however, better equipped than before to handle weaknesses in the new production market. If the estimates published yesterday are met, Q1 will be beaten, which signals a turnaround, albeit in an early phase. Q1 2025: Net sales: 3.33 MSEK EBIT: 150 MSEK Estimates Q2 2025: Net sales: 3.545 - 3.667 MSEK EBIT: 163.7 - 196.7 MSEK The fact that the policy rate is predicted to continue to fall in parallel with Instalco's now significantly larger operations and the new loan of 3.4 MSEK that is intended to go to new acquisitions means that I see incredible potential in this stock. Who will be appointed as the new CEO remains to be seen, but the fact that Per Sjöstrand, the company's founder, will steer the helm until a replacement for Robin is found feels very promising. Borrowing SEK 3.4 million to make further acquisitions at a time when many good companies are doing poorly is wise. Here, they are preparing for the future. The fact that the loan was granted signals faith in the future on the part of the bank. The price has fallen ~73% since the ATH. We currently see a price that is ~20% (!) below the price 5 years ago. A return to that level within a year or so is not unreasonable at all, as long as the market turns around, especially considering that the company has grown significantly larger since then. A return would mean a profit of 370%. New ATH levels are not entirely unreasonable considering the company's larger volume. In the long term, of course. The report will be released tomorrow. Exciting!18.7.·I would say that the price development we see today is absolutely correct.18.7.·I bought 8400 shares yesterday. I'm happy about that today! 😆 With the recent cuts in the key interest rate (from 4% to 2%) and the Riksbank mentioning that more may come, it feels very promising. Instalco is a stable company that has actually managed to deliver quite well while many other companies have gone to their knees during this recession - just think how they can deliver when the market blooms again. Now they have also recruited more companies. The future looks bright!
- 15.7.15.7.Seems like a very undervalued company based on the revenue. unless something as new investor I should know?
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Nasdaq Stockholm
Määrä
Osto
53 576
Myynti
Määrä
55 797
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 46 | - | - | ||
| 162 | - | - | ||
| 467 | - | - | ||
| 217 | - | - | ||
| 31 | - | - |
Ylin
27,6VWAP
Alin
26,64VaihtoMäärä
6,9 252 216
VWAP
Ylin
27,6Alin
26,64VaihtoMäärä
6,9 252 216
Välittäjätilasto
Ostaneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 252 216 | 252 216 | 0 | 0 |
Myyneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 252 216 | 252 216 | 0 | 0 |