Alimak Group (ALIG) Q1 2025 earnings summary

Executive summary

• Order intake rose 16% year-over-year to over SEK 2 billion (MSEK 2,005), with strong contributions from Industrial, Wind, Facade Access, and Height Safety & Productivity Solutions divisions.

• Revenue remained flat at SEK 1.73 billion (MSEK 1,732), with Construction up and Industrial down; book-to-bill ratio remained high.

• Adjusted EBITDA rose 5% to SEK 300 million, with margin improving to 17.3% from 16.4%; reported EBITA was MSEK 328, aided by a MSEK 28 gain from the Mammendorf real estate sale.

• Net result/profit increased 40–41% year-over-year to SEK 184 million (MSEK 184), with EPS up to SEK 1.74 (from 1.24) and adjusted EPS at SEK 1.79 (from 1.66).

• Maintained a solid financial position, with net debt/EBITDA reduced to 1.58 from 2.25–2.26 year-over-year.

Financial highlights

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

• Operating cash flow was SEK 175 million (MSEK 175), slightly below last year due to higher inventories.

• Return on capital employed (ROCE) up to 25.4% excluding goodwill, 10.4% including goodwill.

• Operating expenses (excl. comparability items) at 23.2–25.2% of revenue.

• Cash and cash equivalents at quarter-end were MSEK 1,114.

Outlook and guidance

• Confident in ability to manage ongoing market uncertainty and tariffs, with no significant impact expected from U.S.-China tariffs.

• Order intake reflects underlying volume growth rather than price effects.

• Legacy projects in facade access division to be phased out during 2025, with margin improvement expected thereafter.

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

• Sustainability focus: CO₂ reduction >18% by 2025, employee NPS >40, LTIFR <2, and ESG assessment of suppliers >80%.