Infrastructure builder Kreate has been one of the strongest growing and most profitable companies in its sector. Kreate's above-market growth has been driven by its expertise in demanding infrastructure construction projects and the company's success in executing these projects has given it a good market position in its field.

Kreate's second quarter was promising in terms of both profitability and outlook. Profitability improved for the third consecutive quarter, while at the same time the market outlook for the different business areas has improved.

Kreate has signed an extension with the Finnish Transport Agency for two previous railway projects that Kreate is currently building between Kytömaa and Ainola. The signed contract is worth 34 MEUR.

Kreate announced on Thursday that it has won the tender for the Tampere passenger railway yard project and will now start planning the construction of the project with its alliance partners (the Finnish Transport Infrastructure Agency, the City of Tampere, VR-Group Plc and Fintraffic Railway Ltd).

Kreate's Swedish subsidiary has acquired the remaining shares in the associated company Karell Schakt AB, in which it held a 34% stake prior to the transaction.

Yesterday, Kreate hosted a Capital Markets Day where the company presented its 2024-2027 strategy and financial targets. During the new strategy period, the company will focus on improving profitability and is now aiming for more moderate growth to support the development of profitability.

The first months of the year for Kreate went almost as expected in a seasonally weaker Q1. The profitability trend is moving in the right direction, as the results improved for the second quarter in a row. The market is now also showing clear signs of recovery, which bodes well for the delivery of profitable projects in line with Kreate's specialized expertise.