“Our good profitability is the result of a specialized offer, a limited risk profile as well as competent employees and close cooperation with our customers and partners. We see a continued good demand for the Group's services, which is not least reflected by a strong order intake. The ambition is to continue our growth journey both organically and through new acquisitions”, says Johan Halvardsson, CEO of Eleda Group.

Eleda's market is generally characterized by a stable and growing demand in all service areas. During the second quarter, the company saw some increased local competition in some service areas, primarily due to that certain companies, specializing in projects related to housing construction, have searched for new areas to operate within. The competitive situation after the summer has reverted to previous conditions.

Net sales during the 12-month period from July 2018 to June 2019 amounted to SEK 2,562 million with an adjusted EBITA result of SEK 213 million, corresponding to a margin of 8.3 percent. Furthermore, as of June 28, Eleda has acquired all shares in Salboheds Bygg & Anläggningstjänst AB, which performs traditional civil engineering works in Västerås and its surrounding areas. The company, which has sales of just over SEK 300 million on an annual basis, will become a fourth regional company within Eleda Group.

“Together with all the Group's employees, I look forward to the coming quarters and the mission to establish Eleda Group as a leading national player,” concludes Johan Halvardsson, CEO of Eleda Group.

¹Items affecting comparability are revenues and expenses of a comparative nature such as capital gains on the sale of units, transaction costs on acquisitions or acquisitions, external costs related to making the company listed, greater integration costs as a result of acquisitions or reorganizations according to a defined plan and costs arising from strategic decisions and major restructuring that lead to the decommissioning of units.