Instalco AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 09, 2021 at 03:30 pm IST
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Instalco AB (publ) reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was SEK 1,989 million compared to SEK 1,643 million a year ago. Revenue was SEK 2,021 million compared to SEK 1,650 million a year ago. Net income was SEK 129 million compared to SEK 105 million a year ago. Basic earnings per share from continuing operations was SEK 0.494 compared to SEK 0.402 a year ago. Diluted earnings per share from continuing operations was SEK 0.484 compared to SEK 0.394 a year ago.
For the nine months, sales was SEK 6,242 million compared to SEK 5,044 million a year ago. Revenue was SEK 6,309 million compared to SEK 5,075 million a year ago. Net income was SEK 394 million compared to SEK 308 million a year ago. Basic earnings per share from continuing operations was SEK 1.488 compared to SEK 1.208 a year ago. Diluted earnings per share from continuing operations was SEK 1.46 compared to SEK 1.178 a year ago.
Instalco Intressenter AB is a Sweden-based installation and service supplier within areas of heating and plumbing, electrical, ventilation, cooling and industrial solutions. The Company offers installation and regular repairs of district heating, plumbing replacement, new construction and preventive maintenance; design, installation, and maintenance of electrical installation; technical solutions and installation of ventilation solutions for air treatment, air conditioning and indoor climate; design, installation and maintenance of water sprinklers; industrial pipe systems, machinery installation and installations of cooling systems, as well as installation of switchgear, transformers, busbars and power stations, among others. The services are designed mainly for commercial premises, housing, public construction, warehousing, offices and retail trade, as well as process industries. The Company operates in Sweden, Norway and Finland through numerous subsidiaries.