SkartaNYAB Plc’s business review 1 July – 30 September 2022: Strong growth despite a challenging operating environment

11.11.22

SkartaNYAB Plc
COMPANY ANNOUNCEMENT
11 November 2022 at 12:00

SkartaNYAB Plc’s business review 1 July – 30 September 2022: Strong growth despite a challenging operating environment

  • Revenue for the third quarter was 90.3 million euros (pro forma Q3/2021: 68.0 million euros), increasing 32.7%
  • EBITA for the review period was 5.3 million euros (pro forma Q3/2021: 7.0 million euros) and EBITA margin 5.9% (7.1%)
  • After the review period, the company published strategic objectives for 2022-2024, the realization of which is proceeding according to plan in all areas
  • Contemplated transaction to establish a joint venture with CapMan fund for the development of renewable energy projects would have a significant positive impact on EBITA for the financial year. Preliminary estimate of the positive impact on profit is in the region of 20 million euros.

Key figures of SkartaNYAB Plc Group

SkartaNYAB Plc Group 07–09/2022
(3 months)
07–09/2021
(3 months)
01–09/2022
(9 months)
01–09/2021
(9 months)
01–12/2021
(12 months)
Revenue, 1000 EUR 90 326 14 221 157 763 14 753 41 646
EBITDA, 1000 EUR 6 060 1 301 8 601 203 1 895
-share of revenue 6,7 % 9,1 % 5,5 % 1,4 % 4,6 %
EBITA, 1000 EUR 5 341 1 015 6 857 -84 1 317
-share of revenue 5,9 % 7,1 % 4,3 % -0,6 % 3,2 %
Operating profit (EBIT)*,
1000 EUR
-374 63 -5 615 -1 225 -838
-share of revenue -0,4 % 0,4 % -3,6 % -8,3 % -2,0 %
Profit for the period,
1000 EUR
-1 354 -121 -9 090 -4 856 -4 885
-share of revenue -1,5 % -0,9 % -5,8 % -32,9 % -11,7 %
Equity ratio 73,5 % 70,6 % 73,5 % 70,6 % 72,2 %
Shares at the end of period 706 658 238 278 285 034 706 658 238 278 285 034 288 397 790

*EBIT is significantly affected by amortization of consolidated goodwill that was 5.7 million euros for 07-09/2022 and 12.5 million euros for 01-09/2022

Pro forma key figures*

07–09/2022
(3 months)
07–09/2021
(3 months)
01–09/2022
(9 months)
01–09/2021
(9 months)
01–12/2021
(12 months)
Revenue, 1000 EUR 90 326 68 060 175 769 143 723 209 165
EBITDA, 1000 EUR 6 060 7 590 7 943 13 386 21 916
-share of revenue 6,7 % 11,2 % 4,5 % 9,3 % 10,5 %
EBITA, 1000 EUR 5 341 6 961 5 831 11 807 19 800
-share of revenue 5,9 % 10,2 % 3,3 % 8,2 % 9,5 %

*Financial information of NYAB Sverige AB subgroup for 1 January–31 March 2022, when the companies did not belong to SkartaNYAB Plc Group, has been added to the pro forma figures for 01-06/2022. Information for financial year 2021 consists of combined financial information of Skarta Finland Oy subgroup and NYAB Sverige AB subgroup. Skarta Finland Oy subgroup has been consolidated to SkartaNYAB Plc’s official consolidated income statement as of 1 August 2021, and NYAB Sverige AB subgroup as of 1 April 2022.

CEO Johan Larsson’s review

SkartaNYAB’s business operations developed according to plan in all areas during the third quarter. In accordance with the strategic objectives that we published in October, we focus on continuing profitable growth, accelerating the monetization of renewable energy projects, as well as strengthening an entrepreneurial culture.

Revenue grew for yet another quarter, in line with expectations.

In Sweden, we have once again continued stable growth in the construction of sustainable infrastructure. In Northern Sweden, perennial maintenance contracts, as well as various projects that relate to the ongoing investment projects in the region, have contributed to our significant organic growth. Power Forze AB that we acquired in August strengthens our position in energy construction and services. We see an increasing demand for our services due to society’s need to boost energy production as well as energy infrastructure.

In the Stockholm region, where our revenue is already four times as much as three years ago, we have also successfully expanded our activities to underwater construction with recruitments and first projects. Demand in this segment is growing due to urbanization, and we see it as likely to reach even higher margins than in our current business in energy and infrastructure construction.

In Finland, we have carried out several measures to improve our profitability during the autumn. We have been cutting fixed costs and reorganizing our structures, so that we ensure our future competitiveness. Leadership is more a matter of personality than a title. Therefore, I am very happy to see how different employees have shown leadership and taken responsibility, both by accepting new positions and adapting to changes. Our level of specialization has increased due to earlier announced changes in management. Together these above-mentioned measures have contributed to the fact that September was the first profitable month in Finnish operations this year. This turnaround in profitability shows our strength, as it has happened although we have not yet got to monetize our investments in our renewable energy project portfolio. I also feel very confident that we will continue improving and that the full effect of taken and ongoing measures will be seen from the coming spring on.

As mentioned, we have so far been at a development stage regarding our own projects in renewable energy. Accelerating the monetization of energy projects, as defined in our strategy, took a major step forward this week. As we got to announce the planned establishment of a joint venture with CapMan fund. The finalization of the transaction continues as mentioned in our announcement. The process is expected to be completed by the end of the year. When it comes to individual energy projects, our solar project in Utajärvi has proceeded furthest. The first phase of the project has been granted an action permit, and the connection agreement signed in October enables the constructed solar farm to be connected to Fingrid’s main grid.

Skarta and NYAB now have two quarters of common path behind. I am very happy to see the progress that we have made. As for all companies in the industry, external factors such as interest rates, inflation and energy prices have slightly diluted our margins in our construction business. However, we have handled the challenging operating environment well. We have already built a much better foundation for the years to come. Our contemplated joint venture provides us an anticipation of reaching a double-digit EBITA margin. The related preferred partnership for engineering, procurement, and construction contracts would markedly increase our future possibilities as well, as the scope of the initial business plan is even more than 500 MW of renewable energy projects in coming five years.

However, in line with our strategy, we have entrepreneurs in every part of the company: as owners, in our board and management, and on our project sites. It means that we always strive for better by recognizing and correcting our weaknesses. Our entrepreneurship also makes us strive and drive to capture good business.

I believe we will be even stronger together when operating under one brand in all our construction business operations in Finland and Sweden. NYAB in Sweden has achieved continuous profitable growth for ten years. Therefore, it is a good name to build a common future on. We intend to launch our new brand in mid-December.

To sum it up, we have a skilled organization, diversified business, diversified backlog and exposure to non-cyclical and counter-cyclical markets, as well as a solid financial position. Therefore, I am very confident that we will deliver long-term value for both society and stakeholders.

Business operations and financial performance

Revenue was 90.3 million euros for the third quarter. Revenue increased 32.7% from pro forma revenue for the comparison period. EBITA, i.e. operating profit before amortization of goodwill and other intangible assets, was 5.3 million euros for the third quarter, i.e. 5.9% of revenue (pro forma 2021: 7.0 million euros, 7.1%). The decrease in relative profitability was affected by cost inflation, the depreciation of Swedish krona, margin reductions in certain individual projects, as well as increased expenses in group administration. Amortization of consolidated goodwill that is originated from corporate acquisitions of the group was 5.7 million euros for the review period, which significantly affected the operating profit that was -0.4 million euros.

Business operations of the Group during the review period concentrated especially in the execution of diverse orderbook that was built during the first half of the year. The most significant new contract was the 32-million-euro contract that was done at the beginning of July and that regards a wind park that is constructed in the city of Oulainen in Northern Ostrobothnia. Responsibilities of the company in the comprehensive BoP project include land improvement, foundation construction, and internal grid works for the wind farm, as well as the construction of a substation, main transformers, and a 110 kV power line. Other new contracts have been done especially in infrastructure construction in Northern Sweden and Stockholm region. Contracts made during the review period relate to several public sector projects regarding the construction of roads, plumbing, and electric grids, for example. The company has also expanded its activities in Stockholm region to underwater construction and has received first projects regarding maritime routes in the archipelago.

At the end of August, SkartaNYAB Plc acquired all shares in Swedish Power Forze AB. Power Forze AB is a company that operates particularly in Northern Sweden and offers services regarding power installations for industry and wind power, as well as construction and maintenance of electric grids. Purchase price for the share was approximately 3.6 million euros, of which 0.8 million euros was paid as a cash consideration and the remaining by arranging a directed share issue for Power Forze AB’s shareholders. Power network construction business of the Group also took steps forward in Finland, as Skarta Finland Oy was granted Qualification B for Fingrid’s supplier register. Previous substation contracts of the company have related to BoP projects in wind power construction, beside which it will now be able to execute Fingrid’s 110 kV electrical substation projects.

Operating environment and risks

SkartaNYAB’s most significant risks and uncertainties relate to changes in the operating environment, as well as currency rate fluctuations that have an impact on the reported euro-denominated financial information of the Group.

Prognoscentret that analyzes Swedish markets estimated in September that investments in the construction industry are expected to start decreasing next year because of recession. SkartaNYAB’s business operations in Sweden have concentrated on projects in the public sector and with large-scale industrial clients, whose demand is relatively stable regardless of business cycles. For example, investment plan of the government for 2022-2033 that was released in the summer includes a record number of investments in transportation infrastructure, more than 80 billion euros, which balances the expected decrease in the private sector. However, delays in other private sector projects may increase competition in SkartaNYAB’s business areas and therefore have a detrimental effect on the profitability of the group.

In Finland, RAKSU group that studies trends in construction and is led by the Ministry of Finance estimated at the end of August that the increase in prices and challenges in the availability of materials is relieving. However, general inflation development, increase in interest rates and increase in energy prices have a negative effect to the realization of construction projects. Uncertainty is high especially in the construction of business premises, and the public sector may not have sufficient funding for all scheduled projects in infrastructure and industrial construction. Volumes in land and water construction are expected to slightly decrease in 2022 and 2023. Wind power construction is a significant part of SkartaNYAB’s business operations and, on the other hand, is at a rapid growth. There are approximately 300 wind power plants at planning and construction stages, and their related investments amount to approximately 1.5 billion euros.

The construction of solar power will be providing significant growth potential for SkartaNYAB’s business operations. According to European Commission’s solar energy strategy that was published in May, solar power is in a key position to end dependency on fossil fuels. At the entire EU level, the share renewable energy sources in electricity distribution are expected to grow from 37 percent in 2021 to 69 percent in 2030. Finland and Sweden are suitable areas for the construction of solar power, as sun is shining around the clock in the summer, and snow reflects more radiation from the sun that is low over the horizon to the solar panels.

Rapidly increasing production of renewable energy, as well as increased electricity consumption resulting from the investment projects in Northern Sweden, require strengthening of the transmission capacity as well. Fingrid and Svenska Kraftnät have planned to invest more than 12 billion euros to the main grid over the next ten years. One of the most significant cross-border projects is the 380-kilometer-long Aurora Line, the first construction agreements of which were signed in summer 2022 and will provide potential projects also for SkartaNYAB’s group companies.

Share and shareholders

SkartaNYAB Plc’s total number of shares at the end of the review period was 706,658,238 shares and the average number of shares for the review period 704,650,063. The number of shares increased with 9 950 shares in July, as the company arranged a share issue without payment for its personnel as a part of the new share-based incentive programs of the group, and with 4 006 400 shares in September, as the company directed a share issue with a payment for Power Forze AB’s shareholders as a consideration for the acquisition of all shares in Power Forze AB.

On 30 September 2022, SkartaNYAB Plc had a total of 3555 shareholders that had been registered in the shareholder register of the company. The largest shareholders of the company were Holding Investment Förvaltning i Luleå AB (a company under joint control of Board member and CEO Johan Larsson and Board and Executive Management Team member Mikael Ritola, ownership 33.4%), Andament Group Oy (a company that is in control of Board member Jukka Juola and where Chairman of the Board Markku Kankaala exercises significant influence, ownership 19.1%), and Säthergrens Entreprenad AB (ownership 10.6%).

Members of the Board and Executive Management Team of the Company, including companies under their control, owned a total of 57.4% of all shares in the Company at the end of the review period. On 30 September 2022, the share capital of the parent company was 80 000 euros, and the total equity was 255,5 million euros.

Significant events after the review period

The company has continued measures to improve its profitability in Finnish business operations. In October, Skarta Finland Oy launched change negotiations with its personnel with the aim of finding ways to make operations more efficient, streamlined and to achieve cost savings. The negotiations concern a total of 50 employees, and they are expected to end at the end of November. According to preliminary assessment, the planned measures could, if implemented, lead to a substantial change in the terms of employment or dismissal of a maximum of 10 people.

At the end of October, the company published strategic objectives set for 2022-2024 including continuing profitable growth, accelerating the monetization of renewable energy projects, and strengthening an entrepreneurial culture. At the same time, the company published an invitation to an Extraordinary General Meeting that is held on 22 November 2022 and is intended to decide on changing the name of the company to NYAB Plc. The purpose of the change is to simplify the brand portfolio of the group and strengthen as hared culture between Finland and Sweden by taking the NYAB name in use in construction business activities in both Finland and Sweden. The change is proposed to come into effect on 14 December 2022.

In addition, Shareholders’ Nomination Board has proposed to the General Meeting that Lars-Eric Aaro is elected as a new member of the Board of Directors in addition to the current members. Lars-Eric Aaro has been, for example, CEO at LKAB between 2009-2015, and Head of Corporate Sales and Executive Vice President at AFRY between 2015-2018. Nomination Board sees that Lars-Eric Aaro’s long management experience in major industrial companies, as well as his expertise and network in SkartaNYAB’s essential market area in Northern Sweden, would be a valuable addition to SkartaNYAB’s competences.

SkartaNYAB and CapMan Nordic Infrastructure II fund signed a Memorandum of Understanding on 10 November 2022, where the parties have expressed their intent to enter into a partnership for the purposes of developing, owning and operating solar and other renewable energy projects. In the contemplated transaction, parties would establish a joint venture, of which the fund would own 60% and SkartaNYAB 40% and that would acquire all shares in SkartaNYAB Group company Skarta Energy Ltd. The signing of binding transaction documents and closing of the transaction are targeted to take place by the end of 2022. Transaction would have a significant positive impact on SkartaNYAB’s EBITA. Preliminary estimate of the positive impact on profit is in the region of 20 million euros.

Consolidated income statement

SkartaNYAB Plc Group
(1000 euros)
07–09/2022
(3 months)
07–09/2021
(3 months)
01–09/2022
(9 months)
01–09/2021
(9 months)
REVENUE 90 326 14 221 157 763 14 753
Other operating income 627 135 2 448 634
Materials and services -74 344 -10 545 -125 776 -10 545
Personnel expenses -7 327 -1 660 -17 476 -2 448
Other operating expenses -3 223 -850 -8 358 -2 191
Depreciation, amortization, and reduction in value -6 434 -1 238 -14 216 -1 428
OPERATING PROFIT (LOSS) -374 63 -5 615 -1 225
Financial income and expenses -241 -33 -1 456 -3 480
PROFIT (LOSS) BEFORE APPROPRIATIONS AND TAXES -610 30 -7 030 -4 705
Income taxes -744 -150 -2 060 -150
PROFIT (LOSS) FOR THE PERIOD -1 354 -121 -9 090 -4 856

Consolidated balance sheet

SkartaNYAB Plc Group
(1000 euros)
30.9.2022 30.9.2021
Intangible assets 213 395 32 390
Tangible assets 13 945 5 435
Investments 4 324 6 411
NON-CURRENT ASSETS 231 664 44 766
Stocks 3 355 854
Long-term receivables 367 1 458
Short-term receivables 91 131 24 529
Investments 35 35
Cash and cash equivalents 7 985 1 783
CURRENT ASSETS 102 873 28 561
TOTAL ASSETS 334 537 73 426
Subscribed capital 80 80
Reserves 275 495 69 934
Retained earnings -20 466 -13 999
Profit (loss) for the period -9 090 -4 856
TOTAL CAPITAL AND RESERVES 246 019 51 160
Appropriations 175 37
Provisions 3 0
Long-term loans 17 239 6 421
Short-term liabilities 71 101 15 808
TOTAL CREDITORS 88 339 22 327
TOTAL CAPITAL, RESERVES, AND LIABILITIES 334 537 73 426

Disclosure regulation

This business review is not a quarterly financial report within the meaning of the Rulebook of Nasdaq First North Growth Market Finland. SkartaNYAB Plc applies half-yearly reporting, as defined in the rulebook, and publishes business reviews for the first and third quarter, where essential information regarding the financial performance of the company is presented. Financial information presented in the business review is unaudited.

Contacts

About SkartaNYAB Oyj

SkartaNYAB is a builder of a clean future with decades of experience in complex and demanding projects. We are enabling green transition in the Nordics by providing engineering, construction, and maintenance services to public and private sector clients regarding the construction of renewable energy and sustainable infrastructure. SkartaNYAB is headquartered in Oulu and it has more than 300 employees at different locations in Finland and Sweden.

SkartaNYAB Plc's Certified Adviser is Augment Partners AB, info@augment.se, phone +46 8 604 22 55.

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NYAB Oyj – Managers’ Transactions

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Erik Petersen to strengthen NYAB Plc’s Executive Management Team

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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Anton Sandgren – Site Manager at NYAB

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NYAB signs two new contracts with Svenska kraftnät

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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Skarta Energy and Business Tornio plan an industrial-scale solar farm in Tornio

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NYAB Plc’s business review 1 January – 31 March 2023: Accelerating balanced growth

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Ensuring safety through cooperation

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NYAB wins SEK 66 million contract at Arlanda for Swedavia

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NYAB wins two contracts in Kiruna municipality – infrastructure projects for Infranord

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NYAB Plc: Organizing of the Board of Directors

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NYAB Plc: Resolutions of the Annual General Meeting

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NYAB as the company of the month

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NYAB Plc: Technical amendments to the merger plan between NYAB Plc and Andament II Sulautuva Oy

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NYAB signed a settlement agreement with the city of Mikkeli (inside information)

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Plc: Notice to the Annual General Meeting

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NYAB Plc: Proposals of the Shareholders’ Nomination Board to the Annual General Meeting

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Matilda Stjärnström – QHES Manager, NYAB Sverige

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NYAB Plc: Annual report 2022 has been published

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NYAB Plc: Annual report from financial year 2022 has been published

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB signed 10 MEUR agreement with Swedish Transport Administration

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Plc’s financial statement release 2022 and management webcast

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NYAB Plc’s financial statement release 1 January – 31 December 2022: Strong organic growth continued in Sweden – Finnish operations turned profitable during the end of the year

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NYAB Plc and Andament Group Oy have signed a merger plan, whereby the company demerging from Andament Group Oy merges into NYAB Plc

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Over EUR 13 million in investment aid for Skarta Energy’s solar farm to be built in Utajärvi

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB and Energiequelle sign BoP contract for Mikonkeidas wind farm

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Plc: Judgement of the District Court regarding Mikkeli wastewater treatment plant projects (inside information)

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Plc: Change in the Executive Management Team

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NYAB Plc: Establishment of a joint venture with CapMan fund has been successfully completed

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NYAB approved as a builder of transmission lines in Fingrid’s supplier register

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB signs a contract to prepare for the construction of Aurora Line

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Skarta Energy and Solarigo’s 61 million euro solar farms project enabled by investment aid

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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SkartaNYAB renamed to NYAB

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SkartaNYAB Oyj – Managers’ Transactions

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Vastuullisuus noston kuva

SkartaNYAB establishes a joint venture with CapMan fund to construct renewable energy producing facilities exceeding 500 MW

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SkartaNYAB Plc raises its financial guidance for 2022 (inside information)

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SkartaNYAB Plc establishes a joint venture with CapMan fund to construct renewable energy producing facilities exceeding 500 MW (inside information)

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SkartaNYAB Plc: Resolutions of the Extraordinary General Meeting

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SkartaNYAB Plc has started the process of establishing a joint venture for the development of renewable energy projects (inside information)

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SkartaNYAB Plc: Notice to an Extraordinary General Meeting

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SkartaNYAB Plc changes its name to NYAB Plc and sets strategic objectives for 2022-2024

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Composition of SkartaNYAB Plc’s Shareholders’ Nomination Board

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Fingrid concludes first solar power plant connection agreement with Skarta Energy – Utajärvi project moves forward

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Change negotiations to be launched at Skarta Finland Oy – the aim is to find ways to make operations more efficient, streamlined and achieve cost savings

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SkartaNYAB Oyj – Managers’ Transactions

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Skarta was accepted into Fingrid’s supplier register

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SkartaNYAB Oyj – Managers’ Transactions

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SkartaNYAB Oyj – Managers’ Transactions

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NYAB was accepted into Fingrid’s supplier register

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SkartaNYAB Oyj – Managers’ Transactions

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SkartaNYAB Oyj – Managers’ Transactions

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SkartaNYAB Oyj – Managers’ Transactions

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SkartaNYAB Oyj – Managers’ Transactions

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SkartaNYAB Oyj – Managers’ Transactions

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Skarta and Tohmajärvi municipality to begin cooperation – Eastern Finland’s largest energy project under planning

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SkartaNYAB Oyj – Managers’ Transactions

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SkartaNYAB Oyj – Managers’ Transactions

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Utajärvi

Skarta’s Near Energy project in Utajärvi is progressing – action permit for a solar power plant and Horizon research funding from the EU

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SkartaNYAB Oyj – Managers’ Transactions

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SkartaNYAB Oyj – Managers’ Transactions

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SkartaNYAB Plc: Share issue directed to Power Forze AB’s shareholders has been executed and trading in new shares begins

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SkartaNYAB Oyj – Managers’ Transactions

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SkartaNYAB Oyj – Managers’ Transactions

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SkartaNYAB strengthens its position on the energy construction market in Norrbotten by acquiring Power Forze AB

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Changes in SkartaNYAB Plc’s Executive Management Team

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SkartaNYAB Plc’s half-yearly report 1 January-30 June 2022: Profitable growth in Sweden – challenges in Finland

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SkartaNYAB Plc acquires Power Forze AB and arranges a directed share issue

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SkartaNYAB Plc lowers financial guidance for 2022 and publishes preliminary information on key figures of the first half of the year

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Sitema has been awarded ISO 9001, 14001 and 45001 certificates

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SkartaNYAB Oyj – Managers’ Transactions

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SkartaNYAB Plc – Managers’ Transactions

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SkartaNYAB Plc: The final outcome of the personnel share issue 2022

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SkartaNYAB and Uusiutuva Energia Karahka Oy have signed a BoP agreement for a Karahka wind park in Oulainen

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SkartaNYAB and Uusiutuva Energia Karahka Oy have signed a BoP agreement for a Karahka wind park in Oulainen

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Skarta will build a wind farm in Pajuperänkangas with a new customer, ABO Wind

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Skarta signed a contract with SSAB regarding construction project of new office building, as well as research and laboratory facility, to Raahe plant

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Skarta and the Centre for Economic Development, Transport and the Environment for Lapland signed an extensive contract on the Jokikylä bridge in Oulu

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SkartaNYAB has signed a comprehensive framework agreement with the Swedish Transport Administration

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SkartaNYAB has signed a significant frame agreement with Swedish Transport Administration

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SkartaNYAB Plc establishes new share-based incentive plans

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Skarta signs two contracts with LKAB for the execution of infrastructure projects

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Skarta will be making everyday life effortless and clean also in Pirkanmaa – Skarta was awarded the contract for the building of pumping stations for Tampere Region Central Wastewater Treatment Plant

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SkartaNYAB Plc – Managers’ Transactions

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NYAB wins customer trust

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SkartaNYAB Plc – Managers’ Transactions

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SkartaNYAB Plc publishes new long-term financial targets

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SkartaNYAB Plc’s business review 1 January-31 March 2022 (unaudited): Stable performance in seasonally weakest quarter, high orderbook enables good outlook for the rest of the year

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SkartaNYAB Plc: Resolutions of the Annual General Meeting

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SkartaNYAB has signed a financing agreement of SEK 135 million

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SkartaNYAB Plc – Managers’ Transactions

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SkartaNYAB Plc – Managers’ Transactions

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NYAB signs extensive agreement with Piteå municipality

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SkartaNYAB Plc: Notice to the Annual General Meeting

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SkartaNYAB Plc – Managers’ Transactions

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SkartaNYAB Plc: Annual report from financial year 2021 has been published

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SkartaNYAB Plc – Managers’ Transactions

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SkartaNYAB Oyj – Managers’ Transactions

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Magnus Granljung takes over as CEO of NYAB

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SkartaNYAB Plc – Managers’ Transactions

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SkartaNYAB Plc: Trading in new shares began at First North marketplace

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SkartaNYAB Oyj – Managers’ Transactions

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SkartaNYAB Oyj – Managers’ Transactions

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SkartaNYAB Plc – Managers’ Transactions

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SkartaNYAB Plc – Managers’ Transactions

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Johan Larsson appointed as CEO of SkartaNYAB Plc – also other changes in the management team

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SkartaNYAB Plc: Decisions of the Board of Directors’ organizing meeting

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SkartaNYAB Plc publishes pro forma information regarding the acquisition of NYAB Group

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SkartaNYAB Plc: Board of Directors decided on the closing of the NYAB transaction – changes in the name and members of the Board of Directors

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The strongest actors in solar energy to cooperate – Skarta and Solarigo aim to build 1,000 megawatts of solar power

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Skarta founded a new business unit – electrical grid business to complement the value chain

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NYAB moves cultural buildings on behalf of LKAB

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NYAB signs framework agreement with Huddinge municipality

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NYAB is awarded three projects in the Ore Fields

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Skarta Group Plc clarifies the structuring of the NYAB arrangement and timetable, and summons an Extraordinary General Meeting

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NYAB is awarded an energy project in Umeå

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NYAB is awarded the “Operating area Överkalix & Övertorneå” by the Swedish Transport Administration

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Tuulivoimalan perustukset raudoitustyön alkuvaiheessa Juurakon tuulipuistossa Kalajoella. Laadunvarmistus on olennainen osa työvaihetta, ja siihen mennessä työmaalla on dokumentoitu jo monta suunnitelmaa ja pöytäkirjaa.

Quality is the basis of everything for Skarta

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Skarta Group Plc joins forces with Swedish NYAB Group to step up the pace of building a clean future

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Skarta joins forces with Swedish NYAB Group to step up the pace of building a clean future

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Skarta, builder of a clean future, developed a model for the calculation of CO2 emissions that relate to the infrastructure of wind farms

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NYAB contracted for projects in Stockholm and Umeå

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Near Energy at the center of the development of Skarta’s energy business

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NYAB is awarded an infrastructure contract worth 130 million for Huddinge municipality

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Skarta aims at being at the forefront of hydrogen economy – acquires the first new-generation hydrogen car in Finland for its use

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NYAB wins assignments in the Stockholm area

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First of its kind in Finland – Skarta had a major role in the closure of the Hitura mine

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The bridge over Siikajoki, built by Skarta, was opened to traffic

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Skarta completed the construction work for the Jämsä central sewage treatment plant three months early

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Skarta starts building a wind farm for Puhuri – a third common project for markets in clean energy

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New project for Skarta in Metsä Group’s bioproduct mill site

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NYAB is building a wind farm in Kalajoki at full power

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Skarta has launched new financial targets and strategic main directions – Activities will be expanded towards overall projects in wind power, solar energy, and hydrogen solutions

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Trading in Skarta Group Plc’s new shares began on the First North marketplace

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Skarta’s journey to become a First North company is progressing according to plan – the Board of Directors to have strong expertise in the energy sector

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Skarta got an order worth MEUR 10 from LKAB

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Skarta to build the foundations for EPV Energia’s wind farm in Närpiö

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NYAB wins the Group’s largest contract of all time

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Kuvituskuva, nainen ja mies tietokoneella

Job opportunities at Skarta

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NYAB is awarded assignments by Nacka municipality and the Swedish Fortifications Agency in Kiruna municipality

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Skarta Group seeks momentum for growth on the stock market

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Skarta to partner with Atria on a major wind power project

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NYAB is building a new road and bridge for Skellefteå municipality

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Skarta Energy Oy to be a new wind power subsidiary

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NYAB is awarded a bridge contract in Stockholm

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Skarta Finland started work on the construction site of the Kemi bioproduct factory

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HS-Vesi invests in Paroinen treatment plant in Hämeenlinna

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VSB selected NYAB as the main contractor for the Juurakko wind farm

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