MastIT Group presents Interim report for the first quarter January – March 2023

May 16, 2023

MastIT Group reports its first quarter in accordance with the new company group structure with parent/holding company (including management) and operational subsidiaries supporting its partners. The company reports continued strong organic growth during the quarter and the EBITA margins continue to be at a solidly high level.

MastIT maintains the assessment that organic growth will continue to be strong in the coming years, mainly because 5G and the military sector will continue to show strong growth with large needs in installation areas for communication networks in the Swedish and Nordic the market. There is an increased activity of so-called swaps of existing sites, in parallel with a constant strong continued expansion of more capacity through new sites of the mobile networks in general. The increased demand for the company’s services in the installation area means that MastIT Group is actively looking for complementary acquisitions to strengthen its offer to our existing and new customers and partners.

The report can be shared on request through the company’s CEO Michael Alex.


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