Assemblin Q3 2021 Interim Report

Increased profitability and strong order intake

“Our strong focus on profitability and cash flow continues to yield results thanks to hard work with operational improvements. For the first time, we have now achieved an adjusted EBITA margin of 7 per cent on a rolling 12-month basis, which we are very proud of.”

Mats Johansson, President and CEO, Assemblin

Third quarter (the quarter) July–September 2021

  • Net sales for the quarter increased by 5.9 per cent to SEK 2,296 million (2,168), of which a negative 4.4 percentage points were organic growth, 10.2 were acquisition-driven and a negative 0.2 were currency-driven.
  • EBITA increased to SEK 174 million (73), and the EBITA margin increased to 7.6 per cent (3.3).
  • Items affecting comparability had a positive effect on profit of SEK 14 million (negative 42). The adjusted EBITA increased to SEK 162 million (114), and the adjusted EBITA margin increased to 7.0 per cent (5.3).
  • Operating profit (EBIT) increased to SEK 163 million (64).
  • Profit for the period increased to SEK 84 million (12).
  • Order intake amounted to SEK 2,499 million (1,988).
  • The acquisitions of seven companies were completed with a total of 538 employees and combined estimated annual sales of SEK 1,144 million. At the same time, part of the operations in Finland with 60 employees and annual sales of approximately SEK 100 million was divested.
The period January–September 2021 (compared to January–September 2020)
  • Net sales for the period increased by 1.4 per cent to SEK 7,379 million (7,277), of which a negative 6.8 percentage points were organic growth, 8.3 were acquisition-driven and a negative 0.1 were currency-driven.
  • EBITA increased to SEK 430 million (313), and the EBITA margin increased to 5.8 per cent (4.3).
  • Items affecting comparability had a negative effect on profit of SEK 43 million (negative 51). Adjusted EBITA increased to SEK 472 million (365), and the adjusted EBITA margin increased to 6.4 per cent (5.0).
  • Operating profit (EBIT) increased to SEK 387 million (294).
  • Profit for the period increased to SEK 163 million (112).
  • Order intake amounted to SEK 7,819 million (7,252).
  • The order backlog at the end of the period increased to SEK 9,144 million (8,245).

The full report (and previous reports) is published on the company’s website at under the “Investor” tab.

Invitation to an investor presentation

On 4 November, at 10:00 CET, the company’s President and CFO will present developments in the quarter in a webcast.
To participate in the webcast, please register in advance using the following link:

To listen to the presentation by telephone, dial +46 856642651 (Sweden), +44 3333000804 (UK) or any other
international dial in numbers at 
and use the PIN code 96489287# (all participants). 

The presentation material, and a recording of the webcast, will be published on the company’s website under the “Investors” tab after the meeting.

Future reporting dates

Year-End Report  January–December 2021 23 February 2022
Q1 Interim Report January–March 2022 4 May 2022
Q2 Interim Report January–June 2021 14 July 2022
Q3 Interim Report  January–September 2021 3 November 2022



Additional disclosure for bond holders

Additional disclosure for holders of Assemblin Senior Secured Notes issued on December 6, 2019, is published on Assemblin´s webpage under the “Investor” tab.

For more information
For questions concerning this report, please contact CFO Philip Carlsson (tel: +46 10 475 39 50).

For questions concerning operations in general, contact President and CEO Mats Johansson (tel: +46 10 475 39 60) or Head of Communications and Sustainability Åsvor Brynnel (tel: +46 10 475 39 48).

More information is also to be found at

About Assemblin
Assemblin is an end-to-end installation and service partner with operations in Sweden, Norway and Finland. We design, install and maintain technical systems for air, water and energy. Our vision is to create smart and sustainable installations that make buildings work and people feel comfortable. We do this through close local collaboration supported by a strong organisation. We have annual sales of approximately SEK 10 billion and 6,300 dedicated employees at more than 100 locations in the Nordic region. Read more at