Assemblin Full Year Financial Information (January – December) 2023

A strong end to an eventful year.

Regulatory press release

“Given that 2023 brought considerable challenges, I am very pleased that we achieved growth of 9.1 percent while the adjusted EBITA margin increased from 7.0 to 7.2 percent.”
Mats Johansson, President and CEO, Assemblin

Fourth quarter (October–December) 2023

  • Net sales for the quarter increased by 3.1 percent to SEK 4,056 million (3,933), of which a negative 1.3 percentage points were organic growth, 4.7 percentage points were acquisition-driven and a negative 0.3 percentage points were currency-driven.
  • The adjusted EBITA increased to SEK 344 million (316), and the adjusted EBITA margin strengthened to 8.5 percent (8.0. Items affecting comparability amounted to SEK 46 million (25).
  • Profit for the quarter amounted to SEK 32 million (159).
  • Order intake amounted to SEK 4,394 million (3,581).
  • In the quarter, two acquisitions were conducted (involving 32 employees and about SEK 83 million in annual sales) and a disposal of assets (involving about 11 employees and SEK 20 million in annual sales).

Full year (January–December) 2023

  • Net sales for the full year increased by 9.1 percent to SEK 14,751 million (13,521), of which 3.8 percentage points were organic growth, 5.0 were acquisition-driven and 0.2 were currency-driven.
  • The adjusted EBITA increased to SEK 1,059 million (940), and the adjusted EBITA margin increased to 7.2 percent (7.0). Items affecting comparability amounted to an SEK 19 million (20).
  • The loss for the period amounted to SEK 14 million (profit 390).
  • Order intake increased to SEK 14,425 million (13,167).
  • At the end of the period, the order backlog amounted to SEK 9,297 million (9,535).

The full Interim Financial Information (and previous reports) is published on the company’s website at under the “Investors” tab.

  1. The Full Year Financial Information presented in this document reflects the financial and operational development of the consolidated Assemblin Financing AB (formerly Assemblin Group AB) group for the period 2023-01-01 – 2023-05-02 and subsequently the consolidated Assemblin Group AB (formerly Apollo Swedish Bidco AB) group for the period 2023-05-03 – 2023-09-30.

Invitation to an investor presentation

On February 23, 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, please register here to obtain audio conference call details:

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

Annual and Sustainability Report 2023 April 2024
Q1 Interim Financial Information January–March 2024 8 May 2024
Q2 Interim Financial Information January–June 2024 July 2024
Q3 Interim Financial Information January–September 2024 November 2024
Q4 Full-year Financial Information January–December 2024 February 2025

Additional disclosure for bond holders

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

For more information
For questions concerning this Interim Financial Information, 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 14.8 billion and more than 7,000 dedicated employees at more than 100 locations in the Nordic region. Read more at