Alimak Group (ALIG) Q1 2025 earnings summary

Executive summary

• Order intake increased 16% year-over-year to SEK 2.005 billion, with strong contributions from all divisions, especially Industrial, Wind, Facade Access, and Height Safety & Productivity Solutions.

• Revenue remained flat at SEK 1.732 billion, while adjusted EBITA margin improved to 17.3% from 16.4% year-over-year.

• Net profit for the period rose 40% to SEK 184 million, with basic EPS up to SEK 1.74 (from 1.24) and adjusted EPS at SEK 1.79 (from 1.66).

• Maintained a solid financial position, reducing net debt/EBITDA to 1.58 from 2.25 year-over-year, and continued execution of the New Heights transformation program.

• Managed global uncertainties, including U.S. tariffs, with effective pricing and supply chain strategies, and minimal direct impact from China imports.

Financial highlights

• Order intake rose 16% year-over-year to SEK 2.005 billion; revenue was flat at SEK 1.732 billion.

• Adjusted EBITDA increased to SEK 300 million (margin 17.3% vs 16.4% last year); EBIT grew 28% year-over-year.

• Gross margin expanded to 42.1% (from 40.2%), and EBITDA margin reached 22.4% (from 19.4%).

• Net result for the period up 40% to SEK 184 million; adjusted EPS at SEK 1.79 vs SEK 1.66 last year.

• Cash flow from operations was SEK 175 million, slightly below last year due to higher inventories.

Outlook and guidance

• Confident in managing market uncertainty and tariffs, with no significant impact expected from U.S. tariffs or China imports.

• Committed to financial targets: 6–10% revenue growth, EBITA margin >18%, leverage <2.5x, and 40–60% dividend payout.

• Order intake growth is volume-driven, not significantly influenced by price increases.

• Europe remains slow but is expected to improve gradually; Americas and APAC are growing.

• Continued investment in technology, organic growth, and acquisitions.