Beijer Alma (BEIA) Q2 2025 earnings summary

Executive summary

• Profitability and sales improved in Q2 2025, with organic and acquisition-driven growth in both Lesjöfors and Beijer Tech, despite challenging market conditions and mixed regional demand.

• Two major acquisitions completed: International Industrial Springs in India and Roykon in Denmark, expanding geographic and product reach.

• Lesjöfors experienced weaker markets in the Nordics and US, but growth in Asia and Europe offset declines.

• Beijer Tech maintained stable demand, with notable organic growth and successful recent acquisitions.

• Extraordinary items, including restructuring and inventory write-downs, impacted reported earnings.

Financial highlights

• Group order bookings increased by 10% to MSEK 2,071, and net revenue rose 7.3% year-over-year to MSEK 2,023, with 3–5% organic growth.

• Adjusted EBITA rose to MSEK 305, with a margin of 15.1% (up from 14.3%).

• Lesjöfors: Order bookings up 6% to MSEK 1,341, net revenue up 4% to MSEK 1,317, adjusted EBITA up to MSEK 234.

• Beijer Tech: Order bookings up 16% to MSEK 730, net revenue up 15% to MSEK 706, adjusted EBITA up to MSEK 83.

• Reported EBIT fell 33% to MSEK 163 due to MSEK -120 in restructuring costs; EPS dropped to SEK 1.36.

Outlook and guidance

• Management prioritizes organic growth, margin improvement, and continued acquisitions, leveraging a strong financial position.

• Action plan in Lesjöfors expected to yield annual savings of approximately MSEK 35.

• Market conditions remain mixed, with strength in Europe and Asia but continued weakness in the Nordics and US.