Alimak Group (ALIG) Q2 2026 earnings summary

Executive summary

• Stable Q2 2026 performance despite challenging market conditions, with four out of five divisions performing well and Wind achieving record margins.

• Initiated a focused review and leadership change in the Construction division to address underperformance.

• Acquisition of Pro-Bel, a North American provider of suspended access and fall protection systems, closed during the quarter, enhancing Facade Access and business diversification.

• Continued execution of the New Heights strategy, targeting profitable growth and resilience through 2030.

Financial highlights

• Q2 order intake was SEK 1.741 billion, up 1% year-over-year; revenue SEK 1.762 billion, down 2%.

• Adjusted EBITA SEK 303 million, down 6% year-over-year; margin 17.2% vs. 18% last year.

• Net earnings SEK 167 million, down 9% year-over-year; EPS SEK 1.57 vs. SEK 1.74.

• Cash flow from operations SEK 280 million, up from SEK 180 million last year.

• Gross margin for Q2 was 41.8%, slightly up year-over-year.

Outlook and guidance

• Strong project pipeline and order book visibility; management confident in future conversion rates.

• Long-term targets: 8–12% average annual revenue growth and adjusted EBITA margin of 20% by 2028.

• Leverage ratio expected to return below 2.5x by year-end after Pro-Bel acquisition.

• Continued focus on service growth, operational excellence, and diversification.

• Market environment remains uncertain due to geopolitical factors, especially in the Middle East.