Internal efficiency development to continue 34% adj. EBITA CAGR '24-'27e 9-5x EBITA '25e-'27e, 16-19% FCF yields
Has started the journey, but there is more to come.
Today, we welcomed Infrea's CEO, Martin Reinholdsson, to ABGSC's Investor Days. As well as emphasising the core of Infrea's decentralised business model and its historical growth through M&A, he highlighted the group's development of its own business over the past year. During this time, Infrea has paused M&A activity in order to focus on internal efficiency and development, and Mr Reinholdsson says that its companies have performed better and stably over the last five quarters as a result. However, he believes that the journey has only just begun, and that knowledge sharing and referencing between the companies are just two important areas for improvement.