Alimak Group AB

ALIG

Equity

ISIN SE0007158910 / Valor 28468930

NASDAQ Nordic Exchange Stockholm, Equities (2024-12-23)

SEK 113.00+0.18%

Alimak Group AB
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About company

Alimak Group AB is a global provider of vertical access solutions and working at height systems, operating through a network of sales offices and distributors in over 120 countries. The company focuses on delivering products and services that enhance safety, productivity, and cost efficiency for its customers. Alimak Group's offerings include construction hoists, industrial elevators, and other vertical access equipment designed to meet the needs of various industries. By maintaining close relationships with its clients and understanding their specific business requirements, Alimak Group aims to provide high-quality service and long-term value.

Summarized from source with an LLMView SourceSector: Industrials

Revenue Overview

In the first quarter of 2024, Alimak Group AB reported a slight decrease in revenue, amounting to MSEK 1,736 compared to MSEK 1,745 in the same quarter of the previous year. This represents a marginal decline of 1%, with the revenue being organically flat. The Industrial division showed strong growth, offsetting lower revenues in the Construction division, which was impacted by softer order intake in the fourth quarter of 2023.

Profitability Metrics

Alimak Group AB's adjusted EBITA for Q1 2024 was MSEK 285, slightly down from MSEK 289 in Q1 2023, translating to an adjusted EBITA margin of 16.4%, slightly below the 16.6% reported in the previous year. The reported EBITA also saw a small decrease to MSEK 281 from MSEK 286, including items affecting comparability mainly related to transformation activities in the Facade Access division.

Cash Flow and Debt

The company demonstrated a strong improvement in cash flow from operations, which increased to MSEK 214 in Q1 2024 from MSEK 108 in Q1 2023, a significant rise of 98.8%. This improvement in cash flow has positively impacted Alimak Group AB's financial position, with net debt to EBITDA ratio improving to 2.25 from 3.72 year-over-year.

Earnings Per Share

Alimak Group AB reported a decrease in earnings per share, with basic and diluted earnings per share at SEK 1.24 for Q1 2024, down from SEK 1.72 in the same quarter the previous year. This decline reflects the slight drop in profitability despite stable revenue levels.

Outlook and Strategic Focus

Despite the mixed financial performance in the first quarter of 2024, Alimak Group AB remains focused on its strategic initiatives under the New Heights programme, which includes investments in sales, marketing, and product development. The company aims to enhance its market position and financial health through cost reduction measures and continued innovation in its product offerings.

Summarized from source with an LLMView Source

Key figures

39.7%1Y

36.4%3Y

9.36%5Y

Performance

25.3%1Y

33.4%3Y

34.9%5Y

Volatility