Increased competition
Local and larger contractors can bid into Netel's project areas and pressure pricing.
- Scope
- Regional and national infrastructure projects
- Materiality
- high
Netel Holding
Netel Holding AB is a Nordic infrastructure contractor that designs, builds, and maintains critical networks and civil works for telecom, power, district heating, water, and sewage systems. The group operates through decentralized local subsidiaries across several European markets, combining regional execution with group-wide project and technical capabilities.
807
1.48
1.46
| % | |
|---|---|
| Telecom | 35% Buildout and maintenance of mobile and fixed network infrastructure for operators. |
| Power | 35% Construction and servicing of electricity distribution and regional grid networks. |
| Infraservices | 30% Civil engineering and utility projects including water, sewage, and district heating. |
Netel sells mainly to infrastructure owners and operators that need specialized contractors for network buildout,...
- Telecom operatorsprimary
Mobile and fixed-network operators that buy fiber, mobile, and network expansion services.
- Energy companiesprimary
Private and publicly owned utilities that buy power grid and network reinforcement services.
- Municipalitiessecondary
Local public customers that buy civil works, water, sewage, and district heating projects.
- Private infrastructure customerssecondary
Regional private companies that buy tailored infrastructure and maintenance services.
Netel is rooted in the Nordic region and has expanded into selected Northern European markets, with operations...
- •Nordic markets are the core operating base
- •Sweden and Norway are key markets for power and infraservices
- •Telecom work spans mobile and fixed networks in several countries
- •Germany is an expansion market for telecom and power activities
- •Local regulations and permitting shape project execution
Netel’s strategy centers on serving critical infrastructure markets that benefit from electrification, digitalisation,...
01
Grow in power and infrastructure servicesmedium-term
These areas benefit from electrification and aging utility networks.
02
Maintain strong local market positionsshort-term
Local knowledge and permitting capability are key to winning projects.
03
Broaden customer and geography mixmedium-term
Diversification reduces reliance on any single end market or country.
Netel is exposed to project execution risk, competition, and the availability of skilled project managers and technical...
Shortage of project managers
Delivery depends on experienced managers to run complex infrastructure projects.
- Scope
- Project execution capacity
- Materiality
- high
Inability to attract and retain skilled personnel
The business relies on technical staff and senior leaders to execute contracts.
- Scope
- Operations and growth
- Materiality
- high
Weather-related disruption
Outdoor infrastructure work is sensitive to winter conditions and storms.
- Scope
- Excavation and power-line assignments
- Materiality
- medium
IT and cyber security
New systems and digital tools can disrupt operations and increase security exposure.
- Scope
- Project administration and internal systems
- Materiality
- medium
Revenue recognition on construction contracts
Reported revenue and EBIT can move with project estimates
Goodwill and brand impairment testing
Potential impairment charges if assumptions weaken
IFRS 16
Lease accounting under IFRS 16
Balance sheet and EBITDA presentation
Acquisition accounting
Future impairment and fair value remeasurement risk
: 11/08/2026