Kreate Group (KREATE) Status update summary

Strategic direction and vision

• Focus on sustainable profitability for 2024–2027, emphasizing technical excellence and being the preferred infrastructure partner.

• Core values include integrity, ambition, simplicity, and humanity, guiding all operations.

• Mission centers on building a better country every day, with courage, specialized expertise, and solution orientation as key strengths.

Market environment and growth

• Operates in stable, counter-cyclical infrastructure markets in Finland and Sweden, with the Finnish market at €9 billion and Sweden more than double.

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

• Has outpaced market growth, with a 12.1% annual revenue increase from 2017–2023 versus the market's 1.5%.

Business model and operational strengths

• Executes over 100 projects annually with a lean balance sheet and flexible cost structure.

• Maintains high profitability, having weathered crises from 2020–2023.

• Specializes in demanding infrastructure projects, with 78% of revenue from bridge, foundation, and engineering construction, and 22% from road and rail projects.

• Selective tendering process, focusing on projects with clear expertise and resources, resulting in over 96% project profitability.