Largest assets in great shape
This afternoon, Byggmästaren hosted Byggmästardagen 2024. The agenda included presentations from the Chairman and the CEO, and from the CEOs of Safe Life (46% of GAV), Green Landscaping (32% of GAV), and Infrea (3% of GAV). So far, 2024 has been an active year for the company, including the meaningful acquisition activity in Safe Life and Green Landscaping. The divestments in Team Olivia, Ge-Te Media, and Fasticon of late have furthermore facilitated dividends to Byggmästaren, further strengthening its balance sheet. Byggmästaren has, for example, also taken significant steps in refining its processes, strategy and communication, and it has completed its listing transfer to the Nasdaq Main Market. Despite temporary inventory challenges affecting distributor sales, Safe Life continues to capture market share. With a strong track record of organic growth (13–14%), substantial acquisition contributions, and high recurring revenue, it is solidifying its leadership in the fragmented global AED market. Green Landscaping is demonstrating robust growth and profitability despite market challenges, with increased acquisition activity year-over-year. The CEO highlighted opportunities to enhance margins in underperforming subsidiaries. Infrea, meanwhile, has made strides in improving efficiency across the group and remains optimistic about market opportunities and further progress. We also sense that acquisitions may soon be back on the table
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