Equity story
Proven decentralised European compounder of technical installers with high historical organic growth and industry-leading margins
- Sizeable market with attractive growth pockets demonstrating resilience, supported by favourablemarket drivers
- Leading positions in highly fragmented markets, with a proven compounder platform, having acquired +45 local champions in 3 years
- Scalable decentralised model with exceptional owner-manager satisfaction
- Multidisciplinary and resilient business model with diversified revenue streams, making the green transition a reality in thebuilt environment
- Highly experienced founding management team with deep industry knowledge supported by lean HQ
- Impressive track-record of high profitable growth, industry-leading margins and strong cash generation
- Tangible strategic plan for future value creation in place with a well-defined M&A playbook for further international expansion
InstallatørGruppen's financial mid-term ambitions
| Organic revenue growth | 3-5% |
| EBITA margin¹ | ~9% |
| Annual acquired EBITA (combined adjusted)² | DKK 100-150m |
| Cash conversion (before M&A and pre-tax) | +85% |
| ROCE | ~20% |
| Leverage (Net interest-bearing debt / EBITDA) | <2.5x |
Capital allocation policy (prioritised order)
- Repayment of debt when leverage is above target
- Value-adding acquisitions in DK, CH and a potential third market
- Distribution of surplus cash to shareholders
Notes: 1) Reported; 2) Combined figures, encompassing the calendarisedfull-year effect of all entities acquired throughout the 12-month period Source: Company information