Alimak Group (ALIG) Q3 2025 earnings summary

Executive summary

• Organic order intake grew 4% in Q3, with year-to-date organic order intake up 8%; revenue increased 1% organically in Q3, with adjusted EBITA margin at 17.3% (down from 17.8%).

• Year-to-date, organic adjusted EBITA up 5%; net debt/EBITDA improved to 1.79.

• Acquisitions of Century Elevator (closed) and Interlift (signed) strengthen market position and product offering.

• Construction and wind divisions faced ongoing market challenges, especially in Europe and North America, with wind division impacted by US policy.

• Solid financial position supports continued investment, cost controls, and acquisition strategy.

Financial highlights

• Q3 order intake: SEK 1,547 million (down 3% reported, up 4% organic); revenue: SEK 1,658 million (down 5% reported, up 1% organic).

• Adjusted EBITA: SEK 287 million (down from SEK 310 million); margin at 17.3% vs. 17.8% last year.

• Net income for the period: SEK 133 million vs. SEK 155 million in Q3 2024 (14% decrease); adjusted EPS SEK 1.78 vs. SEK 1.79.

• Cash flow from operations: SEK 196 million (265 million last year); net debt/EBITDA: 1.79.

• Year-to-date, organic adjusted EBITDA up 5%.

Outlook and guidance

• Construction market remains challenging, especially in Europe and North America, with low CapEx investments expected to persist into Q4.

• Wind division expects service and aftermarket to grow as more turbines come out of warranty; equipment sales expected to remain solid.

• Continued focus on profitable growth and operational excellence under New Heights 2.0 strategy.

• Inventory reduction targeted in coming quarters to improve working capital.

• Capital Markets Day scheduled for 25 November to discuss strategic priorities.