Kreate’s Board of Directors has set the following financial targets in connection with the listing. The financial targets are forward-looking statements and are not guarantees of Kreate’s financial performance in the future. Kreate’s actual future results may differ materially from those expressed or implied by these forward-looking statements as a result of many factors.

Kreate’s Board of Directors has set the following financial targets:

  • Net sales of EUR 300 million in 2024 through a balanced combination of organic growth and selective bolt-on acquisitions;
  • EBITA margin of above 5 per cent in the medium term; and
  • Net debt to EBITDA below 2.0x.

Result guidance for 2022 (published on 26 January 2022)

Kreate estimates that the company revenue (2021: EUR 237.6 million) and EBITA (2021: EUR 10.5 million) will grow compared to 2021.

Guidance rationale

Kreate’s strong order backlog and specialisation in demanding construction as well as the stable infrastructure construction market support the company’s strategic growth forecast.

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Result guidance for 2021 (published on 23 November 2021)

Kreate estimates that its revenue and EBITA will remain at the 2020 level (2020: revenue EUR 235.3 million and EBITA EUR 10.5 million).

Guidance rationale

The changes in the revenue guidance are due to the positive development of the order backlog in the current year and significant projects being kicked off in Q4.

Kreate has not previously published the EBITA guidance for 2021. In the future Kreate is going to publish a guidance concerning revenue and EBITA.

Previous result guidance for 2021 (published on 8 February 2021)

Kreate estimates that the company revenue (2020: EUR 235.3 million) will decrease in 2021 compared to 2020.

On 31 Dec 2020, Kreate’s order backlog amounted to EUR 134.9 million (31 Dec 2019: EUR 177.2 million). Of this sum, approximately EUR 111 million was expected to be realised during 2021 (31 Dec 2019: EUR 130.3 million during 2020). In the past three years (2018–2020), Kreate has generated, on average, a revenue of EUR 107 million during the financial year in addition to the order backlog at the beginning of the financial year. Kreate estimates on 8 February 2020 that the expected order backlog profitability was at a normal level on 31 December 2020.