Kreate Group (KREATE) DNB Carnegie Finnish Construction Ecosystem Seminar presentation summary

Strategic vision and market positioning

• Focus on sustainable profitability and a light balance sheet, with growth and internationalization as key pillars for 2024–2027.

• Operates in a large, predictable infrastructure market, avoiding residential construction and specializing in demanding projects.

• Values-driven approach emphasizing straightforwardness, ambition, simplicity, and humanity.

Financial performance and targets

• 2023 revenue reached €320 million, with an EBITA margin of 3.2% and return on invested capital at 12.9%.

• Order backlog stands at €225 million, with over 500 employees and a strong employee net promoter score of 49.

• Annual revenue growth averaged 8.4% from 2017 to 2024.

• Financial targets for 2024–2027: EBITA margin above 5%, annual revenue growth of 5–10%, and net debt/EBITDA below 2.5.

• Dividend policy aims to distribute at least half of annual net profit, with dividends growing for four consecutive years.

Market and customer portfolio

• Infrastructure construction is less cyclical than residential, providing stability.

• Balanced customer portfolio: 51% public sector (state), 35% municipalities/cities, 14% private sector.

• 85% of revenue from Finland, 15% from Sweden, with Sweden targeted to double revenue by 2027.