Fasadgruppen Group AB (publ)
STO:FG
Fasadgruppen Group AB (publ)
Fasadgruppen Group AB engages in the installation and renovation of building facades. The company is headquartered in Stockholm, Stockholm. The company went IPO on 2020-12-09. The Company’s operations are based on local entrepreneurial subsidiary companies on the Nordic market. The offering consists primarily of construction contracts for facade work on properties. In addition to this, there are also sales of goods related to the construction contracts and a number of services. Fasadgruppen possesses experience in all aspects of exterior work on properties. Its offering includes services within facade renovation, energy efficiency, window replacement, balcony and roof renovation. The Company’s customers are property owners, property management companies, cooperative apartment associations, operations managers, consultants, and construction companies.
Fasadgruppen Group AB engages in the installation and renovation of building facades. The company is headquartered in Stockholm, Stockholm. The company went IPO on 2020-12-09. The Company’s operations are based on local entrepreneurial subsidiary companies on the Nordic market. The offering consists primarily of construction contracts for facade work on properties. In addition to this, there are also sales of goods related to the construction contracts and a number of services. Fasadgruppen possesses experience in all aspects of exterior work on properties. Its offering includes services within facade renovation, energy efficiency, window replacement, balcony and roof renovation. The Company’s customers are property owners, property management companies, cooperative apartment associations, operations managers, consultants, and construction companies.
Organic Sales Decline: Fasadgruppen saw an organic sales drop of about 10% in Q1, mainly due to low new build activity, though total sales rose 12.2% due to acquisitions.
Profitability Up: Adjusted EBITA jumped to about SEK 77 million (margin 6.5%), up from SEK 20 million (1.9% margin) last year, largely thanks to the Clear Line acquisition.
Order Backlog Strength: The order backlog increased organically by around 4%, with Sweden showing its first improvement since 2022, supported by renovation demand.
Leverage Still High: Net debt to adjusted EBITDA improved slightly to 3.25x, but management stressed ongoing focus on bringing it below 2.5x.
Cash Flow Impacted: Working capital was a significant negative in Q1 due to business ramp-up and a one-off GBP 3 million payment tied to the Clear Line acquisition.
Clear Line Performing: Clear Line is contributing strongly, with high margins and good cash conversion, and demand for its niche services remains robust.
Mixed Market Outlook: Renovation market looks positive, but new build activity is still low; management remains cautious on the full-year outlook.
