Lindab International AB

Latest Results (13.10.2025):

Lindaba International AB reported its interim financial results for the first half of 2025, showing a decline in both net sales and operating profit compared to the previous year. Despite challenging market conditions and negative currency effects, the Ventilation Systems business area demonstrated resilience with a strong operating margin.

Net Sales

For the first half of 2025, Lindab International AB reported net sales of SEK 6,467 million, representing an 8% decrease from SEK 6,667 million in the same period the previous year. Organic sales growth was -4%, partially offset by acquisitions and divestments which contributed positively by 2%, while currency effects had a negative impact of 2%.

Operating Profit

Operating profit for January-June 2025 amounted to SEK 509 million, a 10% decrease compared to SEK 563 million in the previous year. The operating margin declined to 7.9% from 8.4%, primarily due to lower sales volumes and adverse currency movements.

Ventilation Systems Performance

Lindaba’s largest business area, Ventilation Systems, achieved an operating margin of 9.9% despite the challenging market conditions. The division benefited from increased gross margins and successful cost reduction initiatives, demonstrating strong performance in a difficult economic environment.

Profile Systems Challenges

Profile Systems experienced a decrease in operating margin to 6.1%, impacted by low volumes in the project business and continued subdued construction activity, particularly in key markets like Sweden and Germany. Sales through builders’ merchants saw growth, although major projects remained delayed.

Strategic Actions

During the first half of 2025, Lindab completed the divestment of its subsidiary Lindab a.s. in Slovakia and successfully acquired the Polish ventilation specialist Ventia. These strategic moves are part of ongoing efforts to restructure and strengthen the company’s market position in Europe.

Market Outlook

Lindaba remains cautiously optimistic about the future, anticipating stabilization in sales during the second half of 2025 and a potential market recovery in 2026. The company continues to implement efficiency improvements and cost-cutting measures to enhance profitability.

Summarized from source with an LLMView Source