Overview Key strengths Key risks Leading market position in the German facility management services market, with a focus on technical facility management services. Relatively small scale and limited geographic diversification relative to some other leading global facility management services providers. Strong revenue visibility, supported by order backlog, longstanding customer relationships, and low customer turnover. Financial sponsor ownership and high S&P Global Ratings-adjusted debt to EBITDA. Continued EBITDA margin improvement in recent years, supported by cost savings and profitability enhancement measures. Highly competitive and fragmented market, as well as high exposure to labor costs and labor shortages, creating pressure on margins. On a pro forma basis, we expect Apleona Group GmbH?s revenue to increase by 15.3% year on year to about
