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Zengun

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Zengun Group AB - Company Research Report



Company Overview



  • Name: Zengun Group AB

  • Mission: Engagerade och lösningsorienterade projektteam som bryr sig. The company is driven by the goal of enhancing property portfolios with their expertise and partnership throughout the project lifecycle.

  • Founded: 15 years ago (no specific founding year provided)

  • Founders: No information is available

  • Key People:

  • Mick Salonen - CEO and Group Chief Executive

  • Oskar Björklund - CFO

  • Erika Wiberg - Site Manager

  • Lovisa Dyrefors - Site Manager at Zengun re:do

  • Mattias Bystedt - Site Manager

  • Julia Kågström - Site Manager

  • Kajsa Flack - Site Manager

  • Helena Swahn Lepre - Head of People

  • Caroline Hill - Sustainability Manager

  • David Thunberg - Business Controller

  • Headquarters: Torsgatan 21, 113 21 Stockholm, Sweden

  • Number of Employees: Approximately 150 employees as of 2023

  • Revenue: Approximately SEK 2.8 billion in 2023

  • Known For: Zengun is recognized as one of the leading construction contractors in Greater Stockholm, known for their commitment to quality building projects.


Products and Services



  • Real Estate Developments:

  • Zengun specializes in construction projects in the commercial, public, and residential sectors. They provide a variety of services, such as tenant adjustments, rebuilds, extensions, and construction services.


  • Key Features:

  • Zengun re:do: This subsidiary focuses on quick-response tenant adaptations and construction services, actively engaging with ongoing building maintenance needs.


Recent Developments



  • New Projects and Partnerships:

  • Zengun signed a significant contract for the renovation and reconstruction of Söderhallarna with Atrium Ljungberg, valued at SEK 775 million. The project's aim is to enhance its status as a culinary and creative meeting place and includes both external and internal renovations.

  • They have collaborated with Fastighets AB Förvaltaren to develop Kvarnstugan in Ursvik, incorporating a hybrid wooden structure and constructing 113 rental apartments, cafes, restaurants, and cultural spaces.


  • Awards and Recognitions:

  • Haga Norra kv.1 in Solna was awarded "Årets Fasad 2024" (Facade of the Year 2024) for its innovative use of reused bricks.

  • AMF Fastigheter's new office in Mood-kvarteret, completed by Zengun Redo, won "Sveriges snyggaste kontor 2024" (Sweden's Most Beautiful Office 2024).


  • Sustainability Efforts:

  • The Söderhallarna project is set to be environmentally certified according to BREEAM SE Bespoke to a "Very good" level.

  • Contribution to Stockholm's first Reuse Park in Arenastaden, built with reused materials with the collaboration of local trade students.


  • Financial Performance:

  • The third quarter of 2024 showed a net revenue of SEK 499.2 million, with an EBITDA of SEK 29.2 million and an EBITDA-margin of 5.8%. The order intake in the same period was substantial, amounting to SEK 939 million.


  • Employee Initiatives:

  • Launched an individual health initiative with IMR, aimed at achieving the goal of being Sweden's most active and well-being-focused company.


Conclusion



Zengun Group AB has established itself as a prominent player in the construction industry in Stockholm and Uppsala, focusing firmly on quality projects, sustainability, and long-term collaborations. The company’s strategic projects and emphasis on sustainability underscore its vision of contributing positively to urban development.