Alimak Group: Alimak Group Q4 and Year-End Report 2024

Solid quarter with strong order intake, profit and cash flow

• Order intake increased by 8% to MSEK 1 837 (1 696), an increase of 8% at constant currency
• Revenue decreased by 1% to MSEK 1 817 (1 838), a decrease of 2% at constant currency
• Adjusted EBITA margin increased to 17.6% (15.7%)
• Strong cash flow from operations of MSEK 506 (363), and Net debt/EBITA was 1.79 (2.26)
• The Board of Directors proposes an ordinary dividend for 2024 of SEK 3.00 (2.50) per share

Fourth quarter

• Order intake increased by 8% (8% at constant currency) to MSEK 1 837 (1 696). Strong performance in the Construction and Industrial divisions, while the Facade Access, HSPS and Wind divisions reported lower order intake.
• Revenue decreased by 1% (-2% at constant currency) to MSEK 1 817 (1 838), with positive contribution from the Facade Access and Industrial divisions, while revenue decreased in the Construction and HSPS divisions.
• Adjusted EBITA increased to MSEK 320 (288), corresponding to a margin of 17.6% (15.7%).
• EBITA, as reported, amounted to MSEK 314 (258), negatively affected by a net difference of MSEK -6 in Items Affecting Comparability (IAC). The IAC of MSEK -6 (-30) related this quarter to the closure of the Mammendorf assembly facility.
• EBIT amounted to MSEK 263 (205).
• Basic earnings per share increased to SEK 1.83 (1.13) and diluted to SEK 1.83 (1.13).
• Cash flow from operations was MSEK 506 (363).

January - December

• Order intake decreased by 1% (-1% at constant currency) to MSEK 6 947 (7 027), negatively impacted by the Facade Access, HSPS and Wind divisions. The Industrial and Construction divisions contributed positively.
• Revenue was flat (+1% at constant currency) at MSEK 7 099 (7 097), with a strong performance in the Industrial and Wind divisions.
• Adjusted EBITA for the period was MSEK 1 221 (1 150), corresponding to a margin of 17.2% (16.2%).
• EBITA, as reported, amounted to MSEK 1 198 (1 145). It was negatively impacted by Items Affecting Comparability (IAC) of MSEK -23 (-5) related this year to the closure of the Mammen Dorf assembly facility and was partially offset by the earn-out adjustment for the Tall Crane acquisition.
• EBIT amounted to MSEK 998 (945).
• Basic earnings per share increased to SEK 5.89 (5.25) and diluted to SEK 5.87 (5.25).
• Cash flow from operations was MSEK 1 149 (1 067).
• Net debt/EBITDA decreased to 1.79 (2.26).

Telephone conference/presentation

A conference for investors, analysts and financial media will be held at 10.00 CET on 13 February. 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://alimak-group.events.inderes.com/q4-report-2024

If you wish to participate via teleconference, please register on the link below. After registration you will be provided with phone numbers and a conference ID to access the conference. You can ask questions verbally via the teleconference.

https://events.inderes.com/alimak-group/q4-report-2024/dial-in

For more information, please contact:
Sylvain Grange, CFO, Alimak Group
[e-mail]

Johnny Nylund, CCO, Alimak Group, [phone]
[e-mail]

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 2025-02-13 08:00 CET.