Lagercrantz Group (LAGR) Q4 2025 earnings summary

Executive summary

• Net revenue rose 16% to MSEK 9,389, with profit after financial items up 16% to MSEK 1,298 and EPS after dilution up to SEK 4.93, marking a 15th consecutive record year.

• Growth was driven by both organic expansion and seven acquisitions, which contributed MSEK 825 in annual sales and supported geographic expansion.

• Strategic focus on proprietary products, now at 78% of sales, and international expansion beyond the Nordics.

• Board proposes a 16% higher dividend of SEK 2.20 per share.

Financial highlights

• Q4 net revenues up 16% to MSEK 2,503; EBITA up 24% to MSEK 446, with a margin of 17.8%.

• Full-year EBITA up 16% to MSEK 1,646; EBITA margin stable at 17.5%.

• Profit after tax up 16% to MSEK 1,019; return on equity reached 28%; equity ratio at 34%.

• Cash flow from operations at MSEK 1,322 in the year.

• Board proposes a 16% higher dividend at SEK 2.20 per share.

Outlook and guidance

• Ambition to double profits every five years, targeting 15% annual profit growth, with at least one-third organic and the rest from 8–12 acquisitions per year.

• Continued focus on expanding proprietary products and value-adding technologies in niche markets.

• Return on equity target above 25%; achieved 28% for the year.

• Management remains optimistic for 2025/26 despite geopolitical and trade uncertainties.

• Market conditions stable to improving, but construction sector and geopolitical risks persist.