Systemair (SYSR) Q4 24/25 earnings summary

Executive summary

• Achieved annual turnover of EUR 1.1 billion, operating in 135 countries with 6,700 employees.

• Organic growth in all European regions, with Q4 organic growth at 0.5% year-over-year.

• Opened a new 19,000 m² manufacturing facility in Hyderabad, India, in March.

• Science Based Targets initiative approved emission targets, marking a sustainability milestone.

• Launched new air handling units, including Topvex and Geniox with integrated heat pump, and Menerga CO₂mpass using CO₂ as refrigerant.

Financial highlights

• Q4 net sales were SEK 3,002.2 million, a decrease of 2.2% year-over-year; organic growth was 0.5%.

• Gross margin improved to 36.5% from 35.1% year-over-year.

• Adjusted operating profit reached SEK 259.7 million (8.7% margin), up from 6.8% last year.

• Profit after tax was EUR 218 million, up from EUR 167 million, despite negative currency effects.

• Free cash flow increased to SEK 240.3 million from SEK 76.0 million year-over-year.

Outlook and guidance

• Optimism for volume recovery in North America as market uncertainty eases and seasonality returns.

• Indian operations expected to ramp up after factory relocation, with a strong backlog.

• European markets show stabilization, especially in Germany.

• M&A pipeline is positive with several projects nearing decision.

• Science-based targets set for net-zero greenhouse gas emissions by fiscal year 2050/51.