Alimak Group (ALIG) Q1 2026 earnings summary

Executive summary

• Delivered resilient Q1 2026 performance amid challenging market conditions, with revenue up 3% organically but order intake down 4% organically year-over-year, supported by a solid book-to-bill ratio of 1.08.

• Adjusted EBITDA/EBITA margin declined to 16.7% from 17.3%, impacted by currency headwinds and temporary mix effects, especially in Industrial.

• Service business remained a fundamental and resilient contributor across all divisions.

• Continued investment in product development, sales, and operational excellence, with a focus on executing the New Heights strategy and customer-centric decision-making.

• Net debt/EBITDA increased to 1.85, with a solid equity ratio of 56.5%.

Financial highlights

• Revenue: SEK/MSEK 1,653, down 5% reported, up 3% organically year-over-year.

• Adjusted EBITDA/EBITA: SEK/MSEK 275, down 8% year-over-year, with SEK 24 million negative currency impact.

• Net earnings: SEK/MSEK 147, down 20% year-over-year; EPS SEK 1.39 vs. SEK 1.74.

• Operating cash flow: SEK/MSEK 75, affected by lower earnings, higher tax payments, and revenue phasing.

• Net debt/EBITDA at 1.85, well below the 2.5x target.

Outlook and guidance

• Expect continued challenging construction market and persistent market uncertainty due to geopolitical and inflationary pressures.

• Focus remains on executing the New Heights strategy for accelerated profitable growth through 2030, with continued investment in organic growth, acquisitions, and dividends.

• Industrial margins expected to recover as mix effects are temporary; Wind division outlook remains strong, supported by global energy trends.

• Currency headwinds likely to persist into Q2 if rates remain stable.