Alimak Group (ALIG) Q4 2025 earnings summary

Executive summary

• Organic order intake grew 8% year-over-year, with Q4 organic growth at 6%, despite significant negative currency effects and a subdued construction market.

• Adjusted EBITA margin for the year was 17.4% (17.2%), reflecting resilience amid external headwinds.

• The New Heights strategy and operational improvements, especially in Facade Access and Wind, supported performance.

• Board proposes a 10% higher dividend at SEK 3.30 per share, reflecting a strong financial position.

• Profit performance was mixed due to market headwinds, currency effects, and weak construction markets.

Financial highlights

• Q4 order intake was MSEK 1,808 (down 2% reported, up 6% organic); revenue was MSEK 1,692 (down 7% reported, up 1% organic).

• Adjusted EBITA for Q4 was MSEK 284 (margin 16.8%), down from MSEK 320 (17.6%), with 11% decline year-over-year, 8% due to currency.

• Net earnings for Q4 were SEK 103 million, down 47% year-over-year; adjusted EPS was SEK 1.64, down 26%.

• Cash flow from operations for Q4 was MSEK 276 (506); net debt at MSEK 2,374, leverage at 1.76x.

• Full-year revenue was MSEK 6,874, with full-year adjusted EBITA at MSEK 1,194 (margin 17.4%).

Outlook and guidance

• Construction market expected to remain subdued for at least the first half of the year, with some improvement possible in the second half, especially in Europe.

• Industrial and Wind divisions expected to continue strong performance; positive signs in Facade Access and HSPS after transformation efforts.

• Geopolitical tensions anticipated to drive localisation and regionalisation of investments.

• Focus remains on profitable growth, operational excellence, and long-term value creation.

• No additional restructuring planned; focus on cost efficiency and selective investments in R&D, sales, and marketing.