Assemblin Interim Financial Information January–March 2024

Strengthened cash flow, high order intake and continued margin improvement

Regulatory press release

“Together with Caverion, our operations become more diversified, with a higher proportion of services, making us stronger, more resilient, and better equipped to meet future challenges and opportunities.”
Mats Johansson, President and CEO, Assemblin Caverion Group AB (former Assemblin Group AB)

First quarter (January–March) 20241)

  • Net sales for the quarter decreased by 2.1 percent to SEK 3,576 million (3,654), of which a negative 5.0 percentage points were organic growth, 3.2 percentage points were acquisition-driven, and a negative 0.3 percentage points were currency-driven.
  • The adjusted EBITA increased to SEK 248 million (241), and the adjusted EBITA margin strengthened to 6.9 percent (6.6). Items affecting comparability amounted to an expense of SEK 16 million (13).
  • The loss for the quarter amounted to SEK 84 million (profit 88). The change is explained by amortisation intangible assets (PPA related) of SEK 154 (10) million included in sales and administration expenses.
  • Order intake amounted to SEK 3,489 million (3,221).
  • At the end of the quarter, order backlog increased to SEK 9,286 million (9,115).
  • Two acquisitions, with combined 21 employees and about SEK 45 million in annual sales, were made during the quarter.

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

  1. The 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 May 30, 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

Q2 Interim Financial Information January–June 2024 28 August 2024
Q3 Interim Financial Information January–September 2024 November 2024
Q4 Full-year Financial Information January–December 2024 February 2025
Annual and Sustainability Report 2024 April 2025
Q1 Interim Financial Information January–March 2025 May 2025

Additional related information

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 EVP Communications, HR & 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 14.7 billion and more than 7,100 dedicated employees at more than 100 locations in the Nordic region. Read more at

About Assemblin Caverion Group (from 1 April 2024)
Assemblin Caverion Group is a leading northern European technical service and installation company. The Group employs some 21,500 skilled professionals in 10 countries, sharing the passion for smart and sustainable solutions. We deliver installations, technical services and solutions along the full lifecycle of the built environment to support our customers and their increasing demand for energy efficiency, sustainability, and automation for buildings, infrastructure and industrial sites. Assemblin Caverion Group was formed in April 2024 through the combination of Assemblin Group and Caverion Corporation. Our combined revenue amounts to approx. SEK 43 billion​. Read more at