Beijer Alma (BEIA) Q3 2025 earnings summary

Executive summary

• Net revenue grew 12% year-over-year in Q3 2025, with 7% organic growth and strong contributions from acquisitions, especially in the Nordics, Europe, and Asia.

• Adjusted operating profit (EBITA) rose 30% to MSEK 299, with margin improvement to 15.8% from 13.7% in Q3 2024.

• Demand improved across most segments, with notable strength in Chassis Springs (especially in Germany and the UK) and stable performance in the Nordic region.

• Leadership transition announced, with Oscar Fredell starting as CEO and President in November 2025.

• Profit after net financial items and EPS declined due to a positive one-time item in Q3 2024.

Financial highlights

• Net revenue: MSEK 1,886 (up from 1,683 in Q3 2024), with 7% organic growth.

• Adjusted EBITA: MSEK 299 (230), margin 15.8% (13.7%).

• Order bookings: MSEK 1,771 (1,650), up 7.3%.

• Cash flow from operating activities: MSEK 366 (212), supported by profitability and lower inventory build-up.

• Profit after net financial items: MSEK 234 (341); EPS: SEK 2.91 (5.02), down 41.9% year-over-year.

Outlook and guidance

• Focus remains on organic growth and profitability improvement, with continued pursuit of strategic acquisitions.

• The action plan for Lesjöfors is progressing and expected to complete main actions by Q4 2025.

• No anticipated drop in market strength for Q4, especially in Chassis Springs.

• Alcomex margins expected to gradually reach group average over the next few years as restructuring continues.