Bifogade filer
Inin Group - Q2 2024 presentation
Beskrivning
| Land | Norge |
|---|---|
| Lista | Euronext Growth Oslo |
| Sektor | Informationsteknik |
| Industri | Elektronisk utrustning |
2024-08-30 08:01:20
30 August 2024 - ININ Group today reports estimated net asset value (NAV) of NOK
755 million as of 30 June 2024, up from NOK 745 million at the beginning of the
quarter. Inin Group delivered a solid EBITDA-result of NOK 37 million in the
second quarter, and grew its order backlog to a record-high NOK 1,039 million.
The NAV of NOK 755 million represents a return of 2.2x on ININ Group's
investments in its platform companies, reflecting solid value creation in the
group's three platform companies. ININ Group is an industrial owner with
investments in companies within infrastructure services niches in the Nordics.
STRONG GROWTH
ININ Group delivered revenue of NOK 463 million in the second quarter, up from
NOK 252 million in the previous quarter. Reported EBITDA was NOK 37 million, up
from NOK -39 million in the previous quarter which was affected by the low
activity winter season. Adjusted for M&A cost, EBITDA was NOK 44 million,
equivalent to a margin of 9 percent, in this year's second quarter (ININ Group
did not report second quarter figures last year, hence the comparison with the
previous quarter).
"We have moved into the busy season for outdoor railway maintenance work and the
solid second quarter reflects strong production and revenue generation. We are
experiencing high activity levels across all our investment platforms," says
Øivind Horpestad, CEO of ININ Group.
ININ Group grew its order backlog to a record high NOK 1,039 million at the end
of this year's second quarter, following numerous contract awards in the period.
INVESTMENT PLATFORM UPDATE
Currently, ININ Group consists of three investment platforms: Rail
Infrastructure