Mixed start to the year
- Order intake decreased by 8% to MSEK 1,729 (1,870), an organic decrease of -7%
- Revenue decreased by 1% to MSEK 1,736 (1,745), and was flat organically
- Adjusted EBITA margin of 16.4% (16.6%)
- Cash flow from operations increased to MSEK 214 (108)
January - March
- Order intake decreased by 8% to MSEK 1,729 (1,870), mainly due to the lower order intake in the Facade Access division. The order intake was on par with revenue in the quarter.
- Revenue decreased by 1% to MSEK 1,736 (1,745). The Industrial division delivered strong growth, while the Construction division reported lower revenue due to the soft order intake in the fourth quarter 2023.
- EBITA adjusted for the period was MSEK 285 (289), corresponding to a margin of 16.4% (16.6). Despite the significantly lower margin in the Construction division, the Group reported a stable margin level.
- EBITA as reported, amounted to MSEK 281 (286) including items affecting comparability of MSEK -4 (-3) that are mainly related to the transformation activity in the Facade Access division.
- EBIT amounted to MSEK 228 (248).
- Basic earnings per share was SEK 1.24 (1.72), and diluted SEK 1.24 (1.72).
- Cash flow from operations increased to MSEK 214 (108).
- Net debt/EBITDA amounted to 2.25 (3.72).
Telephone conference/presentation
A conference for investors, analysts and financial media will be held at 10.00 CEST on Thursday 25 April. CEO Ole Kristian Jødahl and CFO Sylvain Grange will present and comment on the report. The presentation, held in English, can also be followed via webcast.
If you wish to participate via webcast, please use the link below. Via the webcast you will be able to ask written questions.
https://ir.financialhearings.com/alimak-group-q1-report-2024
If you wish to participate via teleconference, please register on the link below. After registration you will be provided phone numbers and a conference ID to access the conference. You can ask questions verbally via the teleconference.
https://conference.financialhearings.com/teleconference/?id=50049103
For more information, please contact:
Sylvain Grange, CFO, Alimak Group
sylvain.grange@alimakgroup.com
Johnny Nylund, CCO, Alimak Group, +46 76 852 5759
johnny.nylund@alimakgroup.com
About Alimak Group
Alimak Group is a global provider of sustainable vertical access and working at height solutions, listed on Nasdaq Stockholm. With presence in more than 120 countries, the Group develops, manufactures, sells and services vertical access and working at height solutions with focus on adding customer value through enhanced safety, higher productivity and improved cost efficiency. The Group has a large installed base of elevators, service lifts, temporary and permanent hoists and platforms and building maintenance units around the world. The solutions portfolio also comprises of height safety protective equipment, load measurement & control, lifting & handling, and a global after-sales business model, with recurring revenue from spare parts and services such as inspection, certification, maintenance, refurbishments, replacements and training. Founded in Sweden 1948, the Group has its headquarters in Stockholm, 26 production and assembly facilities in 15 countries and approximately 3,000 employees. corporate.alimakgroup.com
This information is information that Alimak Group is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-04-25 08:00 CEST.
