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Arjo (ARJO) investor relations material
Arjo Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Organic sales grew 3.4% in Q4 and for the full year, reaching the lower end of the 3-5% target interval, with stable global demand but continued weakness in the UK and profitability pressured by currency, tariffs, and product mix.
North America and several European and emerging markets showed growth, while the UK market remained challenging.
Cash flow from operations improved, with Q4 cash conversion at 119.9% and full-year at 79.3%, meeting the 80% target.
Board recommends maintaining the dividend at SEK 0.95 per share.
A new strategy process is underway, with updated financial targets to be presented in H2 2026.
Financial highlights
Q4 gross margin was 42.1%, down from 44.7% year-over-year, mainly due to currency, tariffs, and unfavorable product mix.
Q4 adjusted EBIT was SEK 249 million (down from 375 million); EBIT margin decreased to 8.9% (from 12.5%).
Q4 adjusted EBITDA was SEK 526 million (653 million); full-year adjusted EBITDA was SEK 1,922 million (2,086 million).
Operating cash flow improved to SEK 600 million in Q4, up SEK 121 million year-over-year.
Proposed dividend of SEK 0.95 per share, totaling SEK 259 million.
Outlook and guidance
Organic sales growth for 2026 expected within the 3-5% target interval.
New strategy and financial targets to be presented in H2 2026.
No specific margin or profitability guidance for 2026; focus remains on efficiency and cost control.
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- FSV
Annual revenue up 5% to $5.50B; Adjusted EBITDA and EPS both saw double-digit growth. - QLINEA
Over 400% revenue growth in 2025, with US expansion and breakeven targeted for 2027. - OMV
Clean CCS Operating Result down 10% year-over-year, with strong cash flow and 9.3% dividend yield. - UPM
Strong Q4 cash flow and strategic moves support growth despite lower sales and EBIT. - GSK
7% sales growth and 12% EPS rise, led by Specialty and HIV, with strong 2026 outlook. - UBSG
Net profit surged 56% YoY, with accelerated capital repatriation and robust capital ratios. - EQNR
Record production, strong cash flow, and 3% growth outlook drive robust capital returns. - EVR
Record $3.9bn net revenue, 45% from non-M&A, margin expansion, and strong capital return. - GODREJAGRO
Q3 FY26 revenue up 11% to ₹2,718 crore, with strong profit and margin growth across key segments. - HUDCO
Net profit up to ₹2,053.06 crore, record disbursements, strong asset quality, and robust liquidity.
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