Alimak Group (ALIG) Q3 2025 earnings summary

Executive summary

• Organic order intake grew 4% in Q3, with four out of five divisions showing growth; year-to-date organic order intake up 8%.

• Revenue increased 1% organically in Q3; year-to-date organic revenue up 2%. Adjusted EBITA margin was 17.3%, down from 17.8%.

• Acquisitions of Century Elevators (closed) and Interlift (signed) strengthen market position and product offering.

• Challenging construction and wind markets in Europe and North America, with wind division impacted by US policy.

• Solid financial position supports continued investment and acquisition strategy.

Financial highlights

• Q3 order intake: SEK 1,547 million (down 3% reported, up 4% organic); revenue: SEK 1,658 million (down 5% reported, up 1% organic).

• Adjusted EBITA: SEK 287 million (down from 310 million), margin 17.3% (17.8%).

• Net income for the period: SEK 133 million, down 14% year-over-year; adjusted EPS SEK 1.78 (down 1%).

• Cash flow from operations: SEK 196 million; net debt stable at SEK 2.6 billion; leverage at 1.79.

• Equity ratio improved to 53.2% (51.7%); return on capital employed: 26% excl. goodwill, 10.6% incl. goodwill.

Outlook and guidance

• Construction market expected to remain challenging, especially in Europe and North America.

• Service and aftermarket business expected to grow, especially as more equipment comes out of warranty.

• Positive momentum anticipated in wind and industrial segments, with strong order pipelines and APAC growth.

• Inventory reduction targeted in coming quarters.

• Continued focus on margin improvement, profitable growth, and operational excellence under New Heights 2.0.