About QMG

QMG is a Finnish technical building services contractor. The company operates with a decentralized model where what is done is decided locally (project selection, etc) but how it is done (reporting models, KPIs, follow-ups, etc) is centrally controlled.

The Journey

Creating technical building services contractor structured to deliver long-term sustainable profitability and cash-flow Key Highlights:
  • Implemented new operating model with local decision making but central control
  • Executed more than 15 add-on acquisitions
  • Divested Russian operations
  • Grew service business from less than 10% to more than 50% of sales
  • Doubled revenues to more than EUR 200 million and quadrupled profits from entry (2017) to exit (2021)

Financial Development

43% annualized growth