Alimak Group AB

Latest Results (21.01.2026):

Alimak Group AB — Interim report for Q3 2025: In Q3 2025 Alimak Group AB reported resilient results in a challenging market: order intake fell 3% to MSEK 1,547 (Q3 2024: 1,592) but was up 4% organically, revenue fell 5% to MSEK 1,658 (1,742) with a 1% organic increase, adjusted EBITA declined to MSEK 287 (310) and adjusted EBITA margin dropped to 17.3% (17.8). Cash flow from operations was MSEK 196 (265) in the quarter and net debt/EBITDA improved to 1.79 (2.12).

Headline volumes

Q3 2025 order intake: MSEK 1,547 (-2.8% vs Q3 2024; +4% organically). Q3 2025 revenue: MSEK 1,658 (-4.8% vs Q3 2024; +1% organically). Year-to-date (Jan–Sep) order intake MSEK 5,272 (+3% / +8% organic) and revenue MSEK 5,182 (-2% / +2% organic).

Profitability

Adjusted EBITA Q3 2025: MSEK 287 (-7.3% vs Q3 2024) with margin 17.3% (17.8). Reported EBITA Q3: MSEK 246 (308). EBIT Q3: MSEK 211 (260). Jan–Sep adjusted EBITA MSEK 909 (902) with margin 17.5% (17.1).

Cash flow and leverage

Cash flow from operations Q3 2025: MSEK 196 (265). Jan–Sep operating cash flow: MSEK 553 (643). Net debt as of 30 Sept 2025: MSEK 2,585 (2,963), net debt/EBITDA 1.79 (2.12). Cash and cash equivalents: MSEK 1,023.

EPS and shareholder cash returns

Q3 2025 basic EPS: SEK 1.25 (1.46); diluted EPS SEK 1.24 (1.46). Jan–Sep 2025 basic EPS: SEK 4.73 (4.05). Dividend paid during the period: MSEK 317 (265).

Divisional snapshot — Q3 2025

Performance was mixed across divisions: Industrial and Facade Access improved margins, while Construction, HSPS and Wind faced soft demand in some regions. Reported division Q3 highlights below.

Facade Access (Q3 2025)

Order intake MSEK 379 (453), revenue MSEK 491 (479). EBITA MSEK 64 (55) — EBITA margin 13.0% (11.5). The division saw margin improvement but a lower quarter order intake and recognised restructuring-related costs.

Construction (Q3 2025)

Order intake MSEK 361 (350), revenue MSEK 333 (427). EBITA MSEK 44 (74) — margin 13.3% (17.4). Revenue and margins were hit by weak new-hoist demand in Europe and North America and low factory load at Skellefteå.

Industrial, HSPS and Wind (Q3 2025)

Industrial: order intake MSEK 356 (342), revenue MSEK 376 (354), EBITA MSEK 92 (81) — margin 24.5%. HSPS: order intake MSEK 305 (312), revenue MSEK 310 (335), EBITA MSEK 57 (64) — margin 18.5%. Wind: order intake MSEK 157 (161), revenue MSEK 160 (180), EBITA MSEK 30 (35) — margin 18.6%.

M&A, restructuring and other events

Q3 acquisition: Century Elevators’ permanent industrial elevator business (MUSD ~9.7). Post-quarter: agreement signed to acquire Swedish Interlift (annual turnover ~MSEK 50) expected to close by end-Nov 2025. Facade Access restructuring: total estimated cost MSEK 60 (MSEK 40 recognised in Q3) with expected annual savings ~MSEK 30 from 2026.

Currency & other items noted by management

Management highlighted a strengthened SEK that negatively impacted earnings (~6% reported), and Q3 included items affecting comparability (MSEK -41 in the quarter, mainly Facade Access restructuring). Jan–Sep items affecting comparability totaled MSEK -13 (partly offset by Mammendorf real estate sale).

Outlook / CEO comment

Alimak’s CEO stated market conditions remain weak near-term (notably construction and US wind), but the “New Heights” strategy is delivering organic growth and profitable expansion; the company emphasised a stable opportunity pipeline and an active M&A funnel backed by a strong financial position.