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Lindab International (LIAB) investor relations material
Lindab International Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Ventilation Systems achieved record Q3 sales and results, with an adjusted operating margin of 10.6% and group margin at 9.7%, driven by efficiency improvements and cost reductions.
Profile Systems faced continued challenges due to low activity in large building projects, especially in Sweden, and focused on profitability measures.
Organic growth was seen in several key markets, though Germany and Sweden remained challenging.
Acquisitions of Ventia (Poland) and HAS-Vent (UK) were completed, strengthening market positions.
Divestment of Hungarian profile business and ongoing restructuring in Eastern Europe to focus on ventilation.
Financial highlights
Group Q3 sales were SEK 3,253m (Q3 2024: SEK 3,348m), with organic growth -4%, acquisitions/divestments +3%, and currency -2%.
Adjusted operating profit increased to SEK 315m (Q3 2024: SEK 304m), with an adjusted operating margin of 9.7%.
Cash flow from operating activities rose to SEK 335m in Q3.
One-off items, mainly a SEK 176m earnout reduction for AirMaster, positively impacted results but not cash flow.
Q3 profit for the period was SEK 400m (+153%), with EPS of SEK 5.19.
Outlook and guidance
Sales expected to stabilize at current levels for the rest of 2025, with gradual recovery anticipated in 2026.
Medium- and long-term market outlook remains positive, especially for energy-saving ventilation solutions.
Investments in automation and efficiency are expected to strengthen margins as volumes increase.
Profile Systems anticipates increased sales to smaller projects, while large projects remain subdued.
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