Inin Group AS

Inin Group AS

3.42
NOK
+0.06
(+1.79%)
357.03MMarket Cap
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
- -
- -
- -
- -
0.51
5.07
6.56
7
- -
Basic EPS, GAAP
-0.03
-0.04
-0.19
-0.91
-1.09
-0.48
-0.59
-1.06
-0.66
- -
Free Cash Flow per Basic Share
- -
-0.06
-0.16
-1.29
-0.84
-0.39
0.54
0.58
0.79
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
0.02
- -
- -
- -
Book Value per Share
0.06
0.05
0.15
1.92
2.45
2.06
1.58
0.56
-0.03
2.63
Tangible Book Value per Share
-0.01
-0.06
-0.02
1.51
0.9
1.02
-0.06
-1.9
-1.51
0.69
Basic Weighted Avg Shares
70
70
70
34
97
131
135
135
135
130
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
67
683
884
943
- -
Operating Margin (%)
-3,668.51
-3,486.15
-44,082.56
- -
-21,139.85
-71.55
-3.03
-12.69
-1.16
- -
Depreciation Expense
- -
- -
- -
- -
7
12
33
106
64
- -
Net Income, GAAP
-2
-3
-13
-31
-106
-63
-80
-143
-89
- -
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-3,828.61
-3,757.9
-45,306.55
- -
-39,918.42
-93.86
-11.69
-16.16
-9.41
- -
Working Capital
2
-2
3
107
112
85
-26
-283
-156
-127
LT Debt
3
3
5
10
16
21
91
125
66
79
Total Equity
5
4
11
135
287
268
269
182
137
398
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
-66.18
-189.52
-42.96
-50.33
-22.8
-33.96
-101.84
- -
- -

Capital Structure

NOK

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
80
315
88
LT Borrowings
391
1
6
LT Finance Leases
146
64
73
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
131
130
130
Market Capitalization
315
412
357

Working Capital

NOK

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
687
926
217
Cash, Cash Equivalents & STI
145
60
28
Accounts Receivable, Net
400
59
86
Inventories
17
8
8
Total Current Liabilities
715
1,082
344
Payables & Accruals
- -
- -
- -
ST Debt
80
315
88
Deferred Revenue
- -
- -
- -

Growth Rates

NOK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
10.04%
-24.51%
Free Cash Flow
- -
-29.67%
35.5%
Net Income, GAAP
- -
53.51%
-37.92%
Sales/Revenue/Turnover
- -
- -
6.61%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

NOK

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
884
2025
- -
- -
943
2026
- -
- -
- -

Semi-annual Earnings Per Share

NOK

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
-1.06
2025
- -
- -
-0.66
2026
- -
- -
- -

Semi-annual Dividends Per Share

NOK

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

CEO
Anders Granshagen
Full Time Employees
728
Sector
Producer manufacturing
Industry
Industrial machinery
Address
Beddingen 8 Oslo PS Norway 0250
IPO Date
Jul 17, 2020
Website
inin.no
Business
Inin Group AS, an industrial owner focused on investments in infrastructure and industry services niches in the Nordics, engages in vertical buy-and-build strategies to create value through portfolio company consolidation and growth initiatives. The company centers its activities around three main investment platforms—Rail Infrastructure, Power Distribution, and Testing, Inspection & Certification (TIC)—with a pipeline that includes additional platforms such as Mass Handling & Recycling upon close of strategic acquisitions; it operates as a holding company with a portfolio approach to build scale and profitability across fragmented markets. Headquartered in Oslo, Norway, Inin Group AS seeks to drive sustainable growth by partnering with portfolio companies to enhance operational efficiency, expand geographic reach, and deliver specialized services to infrastructure and industrial segments. MANDATORY - Main Products and Services: Inin Group AS delivers a diversified suite of core offerings through its portfolio companies, including: - Rail Infrastructure services: railway construction, maintenance, and related civil works; signaling and safety infrastructure support; ballast, track, and civil engineering services within rail corridors. - Power Distribution services: electrotechnical installation and maintenance for electrical distribution networks; substation construction and upgrade services; electrical infrastructure integration for utilities and large-scale projects. - Testing, Inspection & Certification (TIC): third-party inspection, testing, and certification of infrastructure assets and industrial facilities; non-destructive testing (NDT) services; compliance audits and quality assurance programs; training and certification services for technical personnel; software development related to asset management and inspection workflows. - Additional platform capabilities (as they close): Mass Handling & Recycling services related to material handling and waste processing; ancillary engineering, project management, and asset lifecycle services aligned with core platforms. - Portfolio-level services: strategic advisory, M&A execution support, consolidation services, and cross-portfolio technology sharing to drive efficiency and standardization. Latest Major Company Changes: - Strategic acquisitions and M&A activity across 2022–2024, expanding the Rail Infrastructure, TIC, and Power Distribution platforms; multiple acquisitions reported to bolster geographic coverage and service breadth. - Planned expansion into Mass Handling & Recycling through the acquisition of TW Gruppen AS, adding a fourth investment platform upon closing and broadening environmental and waste-management capabilities. - Ongoing consolidation strategy with multiple share purchase agreements and term sheets for potential acquisitions, signaling an active buy-and-build model to deepen market positions in the Nordics and adjacent regions. - Corporate evolution from Elop-branded entities to Inin Group AS, reflecting a reorganization and branding consolidation to reflect a broader Nordic infrastructure and industry services investment platform. - Continued development of portfolio companies under the group’s infrastructure and services umbrella, with emphasis on operational improvements, cross-platform collaboration, and expanding service lines to meet evolving client needs. Additional Context: - Industry and segments: infrastructure services; rail construction and maintenance; electrical distribution and substation works; asset inspection, testing, and certification; software development for asset management and inspection workflows. - Target markets: Nordic region with emphasis on Norway, Sweden, and Denmark, extending to international infrastructure-based projects as opportunities arise. - Geographic operations: Nordics with domestic Norway focus and cross-border projects in neighboring markets; potential expansion into broader European markets via pipeline acquisitions. - Founding year and headquarters: headquarters in Oslo, Norway; founding year referenced in public materials as part of the group’s evolution from prior branding. - Subsidiaries/parent relationships: operates as an industrial owner with a portfolio of subsidiary companies across Rail Infrastructure, Power Distribution, TIC, and Mass Handling & Recycling platforms; positioned as a holding company with a buy-and-build strategy, under the broader umbrella of Inin Group AS.