Alimak Group Ab · OMXSTO:ALIG
Alimak Group Ab — Q4 2025 Earnings Presentation
25 slides from Alimak Group Ab's earnings presentation, Feb 10, 2026
Slide 1: Alimak Group
Alimak Group 10 February 2025 Ole Kristian Jødahl, CEO Sylvain Grange, CFO
Slide 2: Alimak Group – a diversified global industrial company
Alimak Group – a diversified global industrial company Highlights Drivers for success ▪ Leading provider of sustainable vertical access and working at height solutions Supported by global trends ▪ 3,000 employees, sales in +120 countries, presence in 28 countries Leading market position in ▪ Decentr
Slide 3: Moving people, material and businesses safely to new heights
Moving people, material and businesses safely to new heights The New Heights programme New Heights 2.0 1 2 3 2020 2021 2022-2025 2026-2030 Establish the Secure margin Profitable Accelerating base improvements growth profitable growth ✓ Our mission: “Moving people, 2025 material and Updating division
Slide 4: Financial and sustainability targets
Financial and sustainability targets Financial targets Average annual revenue growth Adj. EBITA margin to be reached by 2028 Leverage ratio Dividend pay-out ratio 8-12% 20% <2.5x 40-60% Sustainability targets Employee LTIFR Direct material suppliers signing the CO2 reduction NPS Injury rate per mn A
Slide 5: Strong organic order intake growth and mixed profit performance
Business update – Q1 FOR INTERNAL USE ONLY Strong organic order intake growth and mixed profit performance Q4 ▪ Order intake up 6% organically, and revenue up 1% organically – New Heights continues to serve us well – Challenging construction market ▪ Significant adverse currency effect – Negative im
Slide 6: Profitable growth maintained in a difficult year
Business update – Q1 FOR INTERNAL USE ONLY Profitable growth maintained in a difficult year FY ▪ A demanding year with several external headwinds – Significant negative currency effect weighed on order intake, revenue and earnings – US tariffs impacted demand – Global construction market remained su
Slide 7: Group quarterly summary
Group quarterly summary Q4 Order intake & revenue ▪ Order intake was MSEK 1,808, -2% (+6% organic MSEK MSEK growth) 2 400 8 000 2 100 7 000 ‒ Strong contributions from the Facade Access, Wind 1 800 6 000 and HSPS divisions 1 500 1 200 5 000 4 000 900 3 000 ‒ Weak order intake in the Construction div
Slide 8: Service order intake and revenue
Service order intake and revenue Q4 ▪ Quarterly Share of order intake Share of revenue ‒ Order intake decreased by 5% (4% organic increase) 67% 61% to MSEK 604. Organic growth driven by the Facade 39% Access, Industrial and Wind divisions 33% ‒ Revenue decreased by 8% (flat organically) to MSEK Equi
Slide 9: Facade Access
Facade Access Q4 ▪ Order intake was MSEK 511, +6% (+18% at constant currency) Order intake & revenue ‒ Order intake exceeded revenue, driving backlog rebound MSEK MSEK 600 2 500 ‒ Strong market momentum in the Middle East; the Netherlands 500 2 000 delivered solid refurbishment wins; positive moment
Slide 10: Facade Access – business update Q4
Facade Access – business update Q4 ▪ Strong growth driven by multiple segments ‒ BMU wins in high-end segments in Asia: Malaysia, China and Hong Kong ‒ Integrated Design Services: landmark projects won in Las Vegas and Dubai ‒ Infrastructure: variation order for Canadian nuclear project ‒ RRR (Repla
Slide 11: Construction
Construction Q4 ▪ Order intake was MSEK 300, -36% (-29% at constant Order intake & revenue currency) MSEK MSEK 600 2,000 ‒ Adverse market conditions and weak new equipment 500 1,800 1,600 sales 400 1,400 1,200 300 1,000 800 ‒ Aftermarket affected as well since equipment fleet owned 200 600 400 by ou
Slide 12: Construction – business update Q4
Construction – business update Q4 ▪ Continued positive momentum for STS300 scaffolding transportation system ‒ New customers in UK and Australia ‒ Improved productivity, reduces labour requirements for scaffolding installation and less physical requirements ▪ Opus 350 mast climbing work platform lau
Slide 13: Height Safety & Productivity Solutions
Height Safety & Productivity Solutions Q4 ▪ Order intake was MSEK 358, +6% (+14% organic growth) Order intake & revenue MSEK MSEK ‒ Strong momentum in the Middle East and India elevator 500 1,600 segments, and in the North American market 400 1,400 1,200 1,000 ‒ Continued challenging construction ma
Slide 14: HSPS – business update Q4
HSPS – business update Q4 ▪ Continued execution of the HSPS strategy to drive sustainable growth ‒ Sales reorganisation ongoing in Europe, North America and new markets to stay closer to end customers ‒ Ongoing focus on high-potential segments ‒ Accelerated product development, with more than ten ne
Slide 15: Industrial
Industrial Q4 ▪ Order intake was MSEK 439, +1% (+4% organic growth) Order intake & revenue ‒ Strong equipment order intake in the Americas and Asia Pacific, MSEK MSEK 500 2 000 offset by timing effects in Europe 400 1 500 ‒ Several important projects won within the power, mining and oil 300 1 000 &
Slide 16: Industrial – business update Q4
Industrial – business update Q4 ▪ Mining segment focus and team expansion in Latin America delivering solid growth – Multiple substantial equipment orders in Brazil, Chile and Peru – Strengthening the service technician team and growing the mining aftermarket in Brazil – Leveraging new legislation i
Slide 17: Wind
Wind Q4 ▪ Order intake was MSEK 209, +59% (+72% at constant currency) Order intake & revenue ‒ A strong recovery in the US and continued solid progress in MSEK MSEK 250 800 Europe 700 200 600 – APAC maintained its high performance, supported by 150 500 400 ongoing market share gains 100 300 200 50 ▪
Slide 18: Wind – business update Q4
Wind – business update Q4 ▪ Wind market updates (Global Wind Energy Council 2025–2030 outlook) — Growth outlook slightly strengthened, with solid momentum in onshore — China continues to drive the majority of global onshore expansion — Offshore growth expectations remain high ▪ Product highlights —
Slide 19: Profit & loss summary
Profit & loss summary Q4 MSEK Q4 2025 Q4 2024 YTD 2025 YTD 2024 Order intake 1 808 1 837 -2% 7 080 6 947 2% ▪ EBITA adj. Organic order growth 6% 8% ‒ 11% decline year-over-year, of which 8% Revenue 1 692 1 817 -7% 6 874 7 099 -3% is attributable to strengthened SEK Organic revenue growth 1% 2%
Slide 20: Gross margin and operating expenses
Gross margin and operating expenses Q4 Gross margin ▪ To be added ▪ Gross margin was 38.3% (39.5) % 48 ‒ Primarily impacted by IAC 40 ‒ Expansion of margin excluding IAC driven by 32 24 Facade Access and Wind divisions 16 8 0 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 ▪ Operating expenses were 25.1% (22.2) as a rev
Slide 21: Result for the period and EPS
Result for the period and EPS Q4 ▪ Result for the period was MSEK 103 (194), -47% Result for the period and EPS* ▪ Excluding IAC (Items Affecting Comparability), result MSEK SEK for the period was MSEK 164 (200), -18% 220 200 2.50 180 2.00 ▪ Earnings per share was SEK 0.98 (1.83), -47% 160 140 1.50
Slide 22: Operating cash flow
Operating cash flow Q4 ▪ Cash flow from operations was MSEK 276 (506) Operating cash flow, MSEK MSEK MSEK ‒ On a good level despite lower earnings 550 1 400 ‒ Working capital was significantly reduced but to a 500 1 200 450 lower extent than in prior year 400 1 000 350 300 800 250 600 200 150 400 10
Slide 23: Net debt and return on capital employed
Net debt and return on capital employed Q4 Net debt and leverage ▪ Net debt is BSEK 2.4 (2.6 in Q3 2025) MSEK X ▪ Net debt/EBITDA 1.76 (1.79 in Q3 2025) 6 000 9 ‒ Well in line with our financial target of being below 2.5x 5 000 7 4 000 ▪ Capital allocation priorities: 3 000 5 ‒ Investing in organic
Slide 24: Summary Q4 & FY
Summary Q4 & FY ▪ Strong organic order intake growth and mixed profit performance in the quarter ▪ New Heights strategy continues to serve us well ▪ Geopolitical tensions will drive localisation and regionalisation of investments ▪ Construction market will remain subdued for at least the first half
Slide 25: Q&A
Q&A Investor Update November 20, 2024