--- title: "Mendole: Consolidating a fragmented market – Kalqyl | Kalqyl" url: https://kalqyl.se/analyser/mendole-consolidating-a-fragmented-market description: "Kalqyl - En modern analystjänst för svenska investerare." lang: sv --- Alla analyser: https://kalqyl.se/analyser Image: Mendole: Consolidating a fragmented market (https://ilnynstosvnspbjavvmh.supabase.co/storage/v1/object/public/media/companies/covers/1788251375834.jpg) # Mendole: Consolidating a fragmented market Analys (https://kalqyl.se/analyser)· 1 september 2026 · Albin Eriksson (https://kalqyl.se/analytiker/albin-eriksson) Mendole: https://kalqyl.se/bolag/mendole Mendole has established a platform for continued consolidation of the fragmented Danish technical property services market, with the acquisition of Rebo representing a significant step in the Group’s development. The planned capital raise of up to DKK 59m is required to complete the acquisition and is intended to strengthen the financial capacity for future acquisitions. On a pro forma basis including Rebo, the Group is expected to reach revenue of DKK 300–350m and EBITDA of DKK 30–40m in 2026, with 2028 targets of DKK 500m and DKK 50m, respectively. With more than ten identified acquisition targets, Mendole has favourable conditions to continue its acquisition-driven growth, where increased scale can create additional value through synergies and cross-selling. The business model does, however, involve risks related to financing, integration and the ability to maintain profitability in a rapidly growing group. If Mendole succeeds in combining continued acquisition activity with organic growth and the gradual realisation of synergies, there is potential to establish a significantly larger and more profitable platform in the Danish market. If Mendole achieves its pro forma EBITDA and trades in line with peers at ~8x, would it imply an enterprise value of approximately DKK 280m. Öppna fullständig analys (PDF) Öppnas direkt på sajten https://ilnynstosvnspbjavvmh.supabase.co/storage/v1/object/public/analyses/pdfs/1788255176991.pdf Tyckte du analysen var intressant? Dela med andra investerare. Dela Dela på LinkedIn (https://www.linkedin.com/sharing/share-offsite/?url=https%3A%2F%2Fkalqyl.lovable.app%2Fanalyser%2Fmendole-consolidating-a-fragmented-market)Dela på X (https://twitter.com/intent/tweet?text=Mendole%3A%20Consolidating%20a%20fragmented%20market&url=https%3A%2F%2Fkalqyl.lovable.app%2Fanalyser%2Fmendole-consolidating-a-fragmented-market) Har du frågor om analysen? Hör av dig direkt till Albin Eriksson – svar inom kort. Ställ en fråga till Albin (albin@kalqyl.se) Analytiker Albin Eriksson (https://kalqyl.se/analytiker/albin-eriksson) ### Albin Eriksson Analytiker, Kalqyl Albin har en master i finans och tidigare erfarenhet från köpsidan. Han drivs av att hitta bolag som marknaden missförstår och viljan att alltid ligga steget före andra. På fritiden gillar han sport, matupplevelser och kall öl. Den i teamet som uppskattar natur, bottenfärg och skog mest av alla. https://kalqyl.se/analytiker/albin-eriksson X: gnuinvestor (https://x.com/gnuinvestor)albin@kalqyl.se070-306 90 94 LinkedIn (https://www.linkedin.com/in/albin-eriksson-40187b236/) ### Få nästa analys direkt i mailen Prenumerera på Kalqyls nyhetsbrev — nya analyser, VD-intervjuer och bolagsuppdateringar samlat på ett ställe. Vi delar aldrig din e-post. Avsluta när du vill. Läs också ## Fler analyser Alla analyser (https://kalqyl.se/analyser) Vuxen Group ### Vuxen Group: Rapportkommentar Q1'26/27 30 sep. 2026 https://kalqyl.se/analyser/vuxen-group-rapportkommentar-q1-26-27 QBIM ### QBIM: Rapportkommentar Q2'26 9 sep. 2026 https://kalqyl.se/analyser/qbim-rapportkommentar-q2-26 NordAmps ### NordAmps: Tar nästa generations halvledarteknologi till First North 8 sep. 2026 https://kalqyl.se/analyser/nordamps-tar-nasta-generations-halvledarteknologi-till-first-north ### Följ Kalqyl Få våra senaste analyser och uppdateringar direkt i ditt flöde. X (Twitter): https://x.com/kalqyl LinkedIn: https://www.linkedin.com/company/kalqyl/ YouTube: https://www.youtube.com/@kalqyl-play5628