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Nordic Modular’s Annual Report 2015

The annual report from Nordic Modular Group AB is now available in English at www.nordicmodular.com

Nordic Modular Group AB 2015

· The Group’s net sales figures increased by 11 percent to SEK 739 million (668)
· Rental revenues increased by 8 percent to SEK 288 million (267)
· EBITDA increased by 14 percent and amounted to SEK 232 (203)

Comments from the Group Chief Executive Per Johansson

” 2015 was yet another strong year. The strong economy in Sweden coincided with a demand for premises for schools and childcare driven by demographic changes. The result 2015 is the best result to date for the Nordic Modular Group and we enter the new year with a business volume that is so good that it could be yet another successful year .”

About Nordic Modular

Modular conducts development, manufacture, sale and rental of relocatable buildings for professional customers in the Nordic countries. The typical use is offices, schools and preschools. Nordic Modular’s operation is run exclusively through its subsidiaries: Temporent, Flexator and Nordic Modular Leasing. Our vision is to lead the
development of a Nordic market for modular buildings. Modular buildings are industrially manufactured sectional units made into finished rooms – floor, walls and roof elements are fitted together and then finished at the factory with a surface layer, permanent fixtures and installations.The modules are then transported to the building site, lifted into place and set up on a prepared foundation. The whole process takes anywhere from a few weeks to a couple of months. Nordic Modular Group AB is owned by Nalka Invest AB which operate as an investment company within the Inter IKEA Group, through subsidiaries.

Read more: www.nordicmodular.com

Contact

Per Johansson, Managing Director Nordic Modular Group AB, tel +46 8 590 990 43, per.johansson@nordicmodular.com (per.johansson@nordicmodular.comKim)
Kim Viitanen, Chief Financial Officer, Nordic Modular AB, tel +46 8 590 994 42, kim.viitanen@nordicmodular.com