Adapteo in brief

Adapteo is a leading Northern European provider of modular space solutions*. We operate in Sweden, Finland, Norway, Denmark and Germany. Adapteo is a new brand with over 30 years of experience, born from the acquisition of Nordic Modular Group and the demerger from Cramo. We offer premium modular space solutions to schools, day care centres, offices, accommodation and events for temporary and permanent needs.

In 2018, Adapteo’s pro forma net sales were
EUR 221 million. Pro forma net sales include the modular space business of Cramo Plc and acquired Nordic Modular Group’s net sales for full year.

A changing society needs adaptable space. At Adapteo, we make sure everyone has the right kind of space, so that people can grow, and societies can move ahead. We create flexible modular spaces that are good for the planet and great for the future. Adapteo is listed on Nasdaq Stockholm.

Key highlights
  • Net sales in 2018: EUR 220.6 million
  • We are the market leader in Northern Europe*
  • EBIT: EUR 35.2 million, EBIT margin 2018: 15.9%
  • Comparable EBITDA 2018: EUR 83.6 million, comparable EBITDA margin 2018: 37.9%
  • Fleet size ~1,012,000 sq m (09/2019)

Net sales, EBIT, EBIT margin, comparable EBITDA and comparable EBITDA margin are based on Adapteo’s unaudited pro forma-figures that have been presented in the demerger prospectus published on June 4, 2019. Adapteo’s unaudited pro forma financial information illustrate the impact of the acquisition of Nordic Modular Group Holding AB and the demerger as well as the related refinancing as if they had occurred earlier.

*Management Consultant Analyses. Measured by revenue. Revenues used in the assessment of Adapteo’s market share in the Rental Market are estimates based on information from public sources on the combined 2017 revenue of the operational companies of Cramo’s Modular Space business division operating in Sweden, Finland, Norway, Denmark and Germany as well as the Swedish, Finnish, Danish, and Norwegian companies of Temporent.

**Average number of FTEs

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