During the second quarter of 2024, MastIT Group continued to deliver strong growth and operational stability. Revenue increased compared to the same period last year, supported by the successful execution of ongoing 5G rollout projects and continued expansion into complementary service areas.

EBITA margins remained solid, driven by high efficiency in project delivery, stable cost control, and increased use of in-house personnel. Cash flow from operations was positive, reflecting both strong profitability and improved working capital management.

MastIT strengthened its operational footprint further during the quarter through the continued establishment of local logistics and service hubs, most recently in southern and western Sweden. The Group has also initiated new customer dialogues and partnership discussions aimed at broadening its role in the national rollout and long-term maintenance of Sweden’s 5G infrastructure.

The outlook for the second half of 2024 remains optimistic. With a strong order book and expanded capacity, MastIT Group is well-positioned to continue its profitable growth journey and reinforce its position as a leading player in mobile infrastructure in Sweden.

For further information, please contact Michael Alex, CEO, MastIT Group AB.