Beijer Alma Ab

Latest Results (23.01.2026):

Beijer Alma AB — third quarter 2025: net revenue rose 12% to MSEK 1,886 (1,683; organic +7%). Adjusted operating profit (EBITA) improved to MSEK 299 (230) with a margin of 15.8% (13.7). Reported EBIT was MSEK 278 (398) and profit after net financial items MSEK 234 (341). Earnings per share were SEK 2.91 (5.02). Order bookings increased to MSEK 1,771 and operating cash flow strengthened to MSEK 366 (212). Net debt was MSEK 2,496 (net debt/adjusted EBITDA 1.8x).

Revenue and profitability (Q3 2025)

Net revenue MSEK 1,886 (+12% YoY: organic +7%; acquisitions +8%; currency -3%). Adjusted EBITA rose to MSEK 299 (margin 15.8%), driven by lower costs and healthy volumes. Reported EBIT and EBT were lower than Q3 2024 largely because Q3 2024 included positive items affecting comparability. Net financial items improved to -44 (‑57) reflecting lower market interest rates.

Lesjöfors (Q3 2025)

Lesjöfors net revenue MSEK 1,236 (+7%) and adjusted EBITA MSEK 223 (margin 18.0%). Chassis Springs and Industrial Springs both contributed to the profit increase; Germany, UK and Asia were strong while the US remained weak. A fire at Åminnefors reduced Q3 earnings by about MSEK -3. The action plan to strengthen profitability is underway and expected to largely complete in Q4 2025.

Beijer Tech (Q3 2025)

Beijer Tech net revenue MSEK 650 (+24% YoY; organic +8%) and adjusted EBITA MSEK 84 (margin 12.9%). All business areas reported revenue and earnings growth; recent acquisitions (e.g., Swemas) contributed to the top-line and profit improvement.

Cash flow and financial position

Operating cash flow for Q3 improved to MSEK 366 (212). Jan–Sep operating cash flow was MSEK 641 and cash flow from investing activities before acquisitions was MSEK 483. Total assets were MSEK 9,863 (30 Sep 2025) and net debt rose to MSEK 2,496 (increase driven by acquisitions).

Acquisitions & corporate developments

During 2025 Beijer Alma completed several bolt‑on acquisitions (UPH, Swemas, Roykon and 51% of IIS in India). After the quarter Beijer Tech acquired Clara Nordic Oy (Ewona). Oscar Fredell will become President & CEO on 3 November 2025.

Market trends and risks

Demand varied by region and business: Nordic, European and Asian sales contributed most of growth while US demand was generally weaker. Material risks noted include currency exposure (large share of Lesjöfors sales outside Sweden), inflation/interest-rate risk, geopolitical effects on supply chains and refinancing risk at Parent level.