Qben infra AB/ gamle ININ/Elop (QBEN)

[Ravioli]

Jeg syntes det var ok+. Q1 har normalt ca 15% av årlig omsetning, dvs godt i rute for guidet 2025. Segmentene rapporterer i ebita, så 33 mill i avskrivninger (D), er bakt inn. Men veldig høyt på finanskostnader, samt segmentet for construction leverte dårlig.

[Christian]

Hva tenker du om at de er veldig nære grensene for vilkårene for obligasjonslånet?

Denne biten likte jeg:

[Christian]

@Ravioli

segmentet for construction leverte dårlig

Kunne ikke finne noe om hvorfor de leverte så dårlig i Q1 2025 vs Q1 2024?

[Ravioli]

Tror dette er veldig dårlig periode for nybygg når det gjelder overleveringer ( og dermed bokførte inntekter) Dette er igangsettelse for typ 2 år siden og det var trått. Selvaag hadde også helt ekstreme tall. Pipeline er bedre, i hvert fall for selvaag, og dermed holder kursen seg sånn noenlunde. Veldig vanskelig å danne seg et bilde av qben construction sånn som de rapporterte i q1. De må gjøre et eller annet med den construction-delen, det er så mye hummer og kanari at ingen vil investere.

[Christian]

Igangsatt for 2 år siden med dårlige vilkår fordi ingen ville bygge noe?

Spørsmålet blir jo da, hva med de andre tingene de satte i gang med i 2023 og evt 2024. Like dårlig?

Man får nok først svaret i Q2…

[Ravioli]

Selvaag hadde 0 (!) ferdigstillelser i q1, men et par overleveringer som ga litt omsetning, men de har bra produksjon og bra salg nå, ting som vil gi inntekter i 2026 og utover. Men selvsagt ikke bra at man må bruke selvaag som proxy for å se hvordan det står til. Når det er sagt så rapporterer de på segmentnivå og her kan man se tall rapportert på gamlemåten, dvs bokførte inntekter etter fremdrift i prosjektene. Qben er også en blanding av entreprenør og eiendomsutvikler, som f eks Skanska og slik veidekke var før ( nå skilt ut til eget selskap Nordr). For entreprenørdelen er q1 lavsesong, og for eiendomsutvikling er markedet dårlig.

Tipper det skjer noe med denne delen av selskapet (også) snart, derfor lite guiding /dårlig rapportering. De hintet sterkt om dette i q1-rapporten.

[TekBot]

ININ Group share buyback program status

10 June 2025: Reference is made to the stock exchange notices from 16 December 2022 announcing a share buyback program for ININ Group AS (the Company). From 27 May 2025 through 4 June 2025, Pareto Securities AS has bought 12 500 shares on behalf of the Company at an average price of NOK 2,38 and a total value of NOK 29 800.

Additional information regarding the buyback program: The program consists of share purchases up to NOK 6 million and may be ended at the company’s discretion prior to fulfilment. The shares are purchased in accordance with the authorization granted at the company’s annual general meeting on 13 May 2024.
…

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Contact information: Patrik Egeland, CFO, tel: +47 916 06 519

This information is made public in accordance with the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

Kilde

[TekBot]

ININ Group share buyback program status

18 June 2025: Reference is made to the stock exchange notices from 16 December 2022 announcing a share buyback program for ININ Group AS (the Company). From 10 June 2025 through 12 June 2025, Pareto Securities AS has bought 5 810 shares on behalf of the Company at an average price of NOK 2,24 and a total value of NOK 13 023.

Additional information regarding the buyback program: The program consists of share purchases up to NOK 6 million and may be ended at the company’s discretion prior to fulfilment. The shares are purchased in accordance with the authorization granted at the company’s annual general meeting on 13 May 2024.
…

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Contact information: Patrik Egeland, CFO, tel: +47 916 06 519

This information is made public in accordance with the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

Kilde

[TekBot]

ININ Group AS: Inspection business to enter Finnish market through acquisition

24 June 2025 – Nordic Inspekt Group AB, a subsidiary of ININ Group AS, has agreed to the principal terms of an agreement to acquire Finland-based non-destructive testing and inspection companies NDT Inspection & Consulting Oy and Ropetech Oy.

Through this potential transaction, ININ Group’s testing, inspection and certification (TIC) business – Inspekt – will expand to the Finnish market. Today, the business is present in Sweden and Norway.
…

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“Our plan is to build an independent Nordic player that challenges the large incumbents in the Nordic markets. The planned acquisition of NDT Inspection & Consulting Oy & Ropetech Oy strengthens our team significantly and fits perfectly with this plan, as it gives us immediate market entry to the Finnish market,” says Niklas Persson, CEO of Nordic Inspekt Group AB.

ABOUT NDT INSPECTION & CONSULTING & ROPETECH
NDT Inspection & Consulting, established in 2003, is a Finnish company specialising in non-destructive testing (NDT) and quality assurance services. The company offers a comprehensive range of NDT and consulting services tailored to various industries, including energy, manufacturing, and construction.

Beyond standard NDT inspections, the company also provides drone Inspections, rope access services for high-altitude Inspections, tank inspections and bottom scanning, replica testing, positive material identification (PMI), condition assessments for tanks, piping and boilers, inspection object cleaning, installation supervision as well as quality control (QC), quality assurance (QA), and health, safety, environment and quality (HSEQ) supervision.

NDT Inspection & Consulting’s main offices are in southern Finland (Vantaa) and northern Finland (Oulu). The company also has offices all around Finland to offer local service, and with flexible employees and comprehensive vans and equipment, they can serve both smaller and bigger clients as needed. The company currently has approximately 50 employees, of which the large majority are inspection specialists.

For the last twelve months, the two companies have delivered revenue of approximately EUR 10 million and EBIT or EUR 2 million. The company has grown its revenues and steadily improved its profitability in recent years.

“We are incredibly excited about the prospect of joining forces with Inspekt. From our initial discussions, it became clear that our companies share a deep commitment to quality, innovation, and customer satisfaction. The alignment in our values and company culture is remarkable, and I am confident that this will create a strong foundation for a successful future together. Becoming part of Inspekt’s Nordic vision is a fantastic opportunity for our team, and we look forward to contributing our expertise to a larger, dynamic organization.” Says Jarno Penttilä, CEO and majority shareholder of NDT Inspection & Consulting and Ropetech.

TRANSACTION DETAILS
The transaction is subject to customary closing conditions, board approvals, satisfactory due diligence, and final transaction documentation. Signing of the final share purchase agreement and closing of transaction is expected to take place during the fourth quarter of 2025. Details of the financial terms of the transaction will be shared following the signing of a final share purchase agreement between the parties.

ININ Group AS is listed on Euronext Growth Oslo. The company’s majority shareholder, Qben Infra AB, is listed on Nasdaq First North Premier Growth Market in Stockholm, Sweden.

(ENDS)

For further information, please contact:
Patrik Egeland, CFO
Email: patrik.egeland@qben.se

About ININ Group AS
ININ Group is a listed investment company operating as an industrial owner with investments in companies within infrastructure and industry services niches in the Nordics. The group create value by identifying investment opportunities within profitable niches with potential for development, consolidation and growth, working in collaboration with the platform companies to deliver sustainable growth and superior profitability. For more information, please visit: www.inin.no

About Nordic Inspekt Group AB
Nordic Inspekt Group AB is a fast-growing leading player within testing, inspection and certification (TIC) services in the Nordic region. The company strives to deliver high-quality and reliable services that help customers ensure quality and compliance with standards. For more information, please visit: www.inspekt.se / www.inspekt.no

Kilde

[TekBot]

ININ Group AS: SPA signed to acquire critical infrastructure specialist

10 July 2025 – Inin Group’s subsidiary Skyttermoen Anlegg AS (part of Qben Power) has today signed a share purchase agreement to acquire 100 percent of the shares in Norway-based Jan Erik Hagelund AS – a specialist contractor within critical infrastructure.

The acquisition is strategically important for strengthening the group’s offering within energy and infrastructure projects. Jan Erik Hagelund AS will complement Skyttermoen Anlegg AS, enhancing capacity, competence, and delivery capability in a market with increasing demand for complex infrastructure solutions.
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ABOUT JAN ERIK HAGELUND AS
Jan Erik Hagelund AS is a specialized concrete contractor with over 35 years of experience in complex projects for critical infrastructure, including energy, water supply, and transportation. The company has established itself as a solid and reliable partner on projects for key public and private stakeholders. Jan Erik Hagelund AS will continue to operate as a separate unit, and the current management will remain with the company to ensure continuity and further development.

TRANSACTION DETAILS
Jan Erik Hagelund AS is valued at NOK 28 million in the transaction. The valuation is based on a guaranteed EBIT for 2025 of NOK 5.6 million, reflecting a multiple of 5. The transaction will be settled with NOK 10.5 million in cash and NOK 7 million in Qben Infra shares at closing, and a final payment of NOK 10.5 million in cash 30 days after the approval of the audited financial statements for 2025.
The transaction is expected to be completed during the third quarter of 2025 and is subject to standard closing conditions.

ININ Group AS is listed on Euronext Growth Oslo. The company’s majority shareholder, Qben Infra AB, is listed on Nasdaq First North Premier Growth Market in Stockholm, Sweden.
(ENDS)

For further information, please contact: Patrik Egeland, CFO and IR-contact Qben Infra Email: patrik.egeland@qben.se

About ININ Group AS ININ Group is a listed investment company with investments in companies within infrastructure services niches in the Nordics. The group aims to create value by identifying investment opportunities within profitable niches with potential for development, consolidation, and growth, working in close collaboration with the platform companies to deliver sustainable growth and profitability. For more information, please visit: www.inin.no

Kilde

[1894]

Liker disse små oppkjøpene. 5m ebit siste 2 år, ingen netto gjeld pr 31.12.2023, verdsetting 28m. Om man bare oppnådde høyere prising på aksjen hadde dette blitt enda mer attraktivt.

Må få orden på construction , Laje og Elop.

[TekBot]

ININ Group: Update - divestment of Rail Infrastructure platform on track

16 July 2025 - Reference is made to the press release dated May 13 where ININ Group AS, which is majority owned by Qben Infra AB, has agreed to the principal terms of an agreement and signed a letter of intent (LOI) with an undisclosed buyer regarding the potential divestment of the Qben Rail platform.

The due diligence process is on-going. No material findings have been reported, and the parties still intend to close the transaction at the terms outlined in the LOI. Finalization and signing of the agreement are expected to take place late in Q3 or early in Q4.
…

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ININ Group AS is listed on Euronext Growth Oslo. The company’s majority shareholder, Qben Infra AB, is listed on Nasdaq First North Premier Growth Market in Stockholm, Sweden.

(ENDS)

For further information, please contact:
Øivind Horpestad, board member, Qben Infra, tel: +47 910 00 626
Patrik Egeland, CFO, Qben Infra, tel: +47 91 60 65 19

About ININ Group AS
ININ Group is a listed investment company operating as an industrial owner with investments in companies within infrastructure and industry services niches in the Nordics. The group create value by identifying investment opportunities within profitable niches with potential for development, consolidation and growth, working in collaboration with the platform companies to deliver sustainable growth and superior profitability. For more information, please visit: www.inin.no

Kilde