Alimak Group (ALIG) Q4 2025 earnings summary

Executive summary

• Organic order intake grew 8% year-over-year, with Q4 organic growth at 6%, despite significant negative currency effects and a subdued construction market.

• Adjusted EBITA margin for the year was 17.4% (17.2%), reflecting resilience amid external headwinds.

• The year saw consolidation, with focus on profitability, market leadership, and investments for future growth, supported by the New Heights strategy.

• Board proposes a 10% higher dividend at SEK 3.30 per share, reflecting a solid financial position.

Financial highlights

• Q4 order intake was SEK 1,808 million (down 2% reported, up 6% organic); revenue SEK 1,692 million (down 7% reported, up 1% organic).

• Adjusted EBITA for Q4 was SEK 284 million (margin 16.8%), down 11% year-over-year, mainly due to currency effects.

• Net earnings for Q4 were SEK 103 million, down 47% year-over-year; adjusted EPS was SEK 1.64 (down 26%).

• Cash flow from operations for Q4 was SEK 276 million; net debt at SEK 2.4 billion, leverage at 1.76x.

• Full-year revenue was SEK 6,874 million, down 3% (2% organic growth); full-year adjusted EBITA was SEK 1,194 million (margin 17.4%).

Outlook and guidance

• Construction market expected to remain subdued for at least the first half of the year, with some improvement possible in the second half, especially in Europe.

• Continued investments in R&D, sales, and marketing to drive profitable growth.

• Focus remains on cost efficiency, operational improvements, and long-term value creation; no additional restructuring planned.

• Geopolitical tensions anticipated to drive localisation and regionalisation of investments.