Nilfisk (NLFSK) Q4 2025 earnings summary

Executive summary

• Delivered resilient financial performance amid macroeconomic uncertainty and external disruptions, with disciplined execution on strategic priorities and cost control.

• EMEA and APAC regions showed consistent performance and market share gains, while Americas faced negative backlog effects and softer demand.

• Significant progress on structural efficiency, portfolio focus, and sustainability integration, including divestment of US high-pressure washer business and consolidation of production sites.

• Announced a recommended voluntary takeover offer from Freudenberg, subject to shareholder and regulatory review.

Financial highlights

• Revenue was €996.3m, down 3.1% from 2024, with organic growth of 0.2% driven by Service and Specialty segments.

• EBITDA before special items was €129.2m (13.0% margin), down from €139.8m (13.6%) in 2024.

• Operating profit before special items was €67.4m (6.8% margin), but reported EBIT was a loss of €25.7m due to €93.1m in special items.

• Net loss for the year was €36.7m, compared to a profit of €35.4m in 2024.

• Free cash flow was negative €15.4m, compared to €7.7m in 2024.

• Net interest-bearing debt increased to €307.3m, with financial gearing at 2.4x (up from 1.9x in 2024).

Outlook and guidance

• 2026 organic revenue growth expected between -1% and 2%; EBIT margin before special items forecasted at 7–9%.

• Outlook assumes stable economic climate and no intensification of trade wars; trade barriers remain a key uncertainty.