Alimak Group Ab · OMXSTO:ALIG
Alimak Group Ab — Q3 2025 Earnings Presentation
25 slides from Alimak Group Ab's earnings presentation, Oct 23, 2025
Slide 1: Alimak Group
Alimak Group 23 October 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: Accelerating profitable growth with New Heights 2.0
Accelerating profitable growth with New Heights 2.0 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 businesses
Slide 4: Financial and sustainability targets
Financial and sustainability targets Financial targets Revenue growth EBITA margin Leverage ratio Dividend pay-out ratio 6-10% >18% <2.5x 40-60% Sustainability targets CO2 reduction Employee LTIFR ESG assessment of direct material to 2025 * NPS Injury rate per mn suppliers** working hours 30% >40 <2
Slide 5: Showing resilience in a challenging market
Business update – Q1 FOR INTERNAL USE ONLY Showing resilience in a challenging market Q3 ▪ Order intake up 4% organically, and revenue up 1% organically ▪ Continued challenging construction market – Very low level of capex investments in new hoists in Europe and North America – Summer months slow in
Slide 6: Group quarterly summary
Group quarterly summary Q3 ▪ Order intake was MSEK 1,547, -3% (+4% organic growth) Order intake & revenue ‒ Positive contribution from the Industrial and MSEK MSEK 8 000 Construction divisions 2 400 2 100 7 000 1 800 6 000 ‒ Decrease in the Facade Access division 1 500 5 000 1 200 4 000 ‒ Year to da
Slide 7: Service order intake and revenue
Service order intake and revenue Q3 ▪ Service is a key value driver in all divisions Share of order intake Share of revenue ‒ Order intake decreased by 1% (6% organic growth) to 60% 60% MSEK 599 (605). Organic growth driven by the 40% 40% Industrial and HSPS divisions ‒ Revenue increased by 7% (14%
Slide 8: Facade Access Q3
Facade Access Q3 ▪ Order intake was MSEK 379, -16% (-9% at constant currency) Order intake & revenue ‒ Reflecting the irregularity of the business ▪ Order intake was MSEK 512, +41 % (+24% from MSEK MSEK 600 2 500 ‒ Several replacement acquisitions. +18% organically) orders in the Netherlands and a m
Slide 9: Facade Access – business update
Facade Access – business update Q3 ▪ Restructuring in Europe ‒ Capacity reduction on schedule and within budget in Spain and Luxembourg ‒ Two thirds of the announced MSEK 60 restructuring cost incurred in Q3, and MSEK 30 recurring cost savings expected from beginning 2026 ▪ Growing diversified reven
Slide 10: Construction Q3
Construction Q3 ▪ Order intake was MSEK 361, 3% (11% at constant currency) Order intake & revenue ‒ Supported by orders of mast climbing work platforms in MSEK MSEK the United Arab Emirates, reflecting our focused 600 2 500 500 2 000 commercial efforts in the region 400 1 500 300 ‒ Contributions fro
Slide 11: Construction – business update
Construction – business update Q3 ▪ Launching the new Alimak Levato 450 ‒ Designed for emerging markets ‒ Manufactured in our China factory for cost efficiency and proximity ‒ Increased value for customers through compatibility and flexibility ▪ Example of new project win: Hard Rock Casino – Athens
Slide 12: Height Safety & Productivity Solutions Q3
Height Safety & Productivity Solutions Q3 ▪ Order intake was MSEK 305, -2% (+3% at constant Order intake & revenue currency) MSEK 500 MSEK 1 600 1 400 ‒ Soft order intake in a slow European market during 400 1 200 July and August 300 1 000 800 200 600 ‒ Partially compensated by a positive trend in S
Slide 13: HSPS – business update
HSPS – business update Q3 ▪ Prioritising sectors and regions generating positive momentum ‒ Focus on value-added solutions in segments like elevator, water waste management, electric grid, and energy ‒ Investing in more sales resources in the Middle East, Australia and Brazil ‒ Strengthened partners
Slide 14: HSPS – signed agreement to acquire Interlift
HSPS – signed agreement to acquire Interlift Q3 ▪ Signed agreement on 21 October to acquire Swedish Interlift ̶ Revenue of approximately MSEK 50 ̶ Expected closing by the end of November 2025 ̶ Vertically integrated business model ̶ Strengthens our position in the Nordic market ̶ Adds complementary
Slide 15: Industrial Q3
Industrial Q3 ▪ Order intake was MSEK 356, +4% (+10% organic growth) Order intake & revenue ‒ Supported by the refurbishment business, which is an area of MSEK MSEK 500 2 000 strategic focus 400 1 500 ‒ The ports, power and other heavy industries segments also 300 1 000 contributed positively 200 50
Slide 16: Industrial – business update
Industrial – business update Q3 ▪ Closed the acquisition of Century Elevators – Integration process is running as planned – Cost synergy through acquisition of the Century Elevator site and building – Century opportunity pipeline developing well – Actively targeting the Century installed base to dri
Slide 17: Wind Q3
Wind Q3 ▪ Order intake was MSEK 157, -2% (+3% at constant currency) Order intake & revenue – Orders in US remained slow, but we now see signs of a MSEK MSEK 250 800 trend reversal 700 200 600 – Continued strong momentum in Asia-Pacific 150 500 400 100 – Offshore market in Northern Europe starts to i
Slide 18: Wind – business update
Wind – business update Q3 ▪ Wind market overview – China: Chinese wind energy market is experiencing robust momentum, not only within domestic but also through a growing emphasis on expanding international footprint – North America: Constraints in the US market have persisted due to regulatory uncer
Slide 19: Profit & loss summary
Profit & loss summary Q3 MSEK Q3 2025 Q3 2024 YTD 2025 YTD 2024 Order intake 1 547 1 592 -3% 5 272 5 110 3% ▪ EBITA adj. Organic order growth 4% 8% ‒ 7% decline year-over-year, of which 6% is Revenue 1 658 1 742 -5% 5 182 5 283 -2% attributable to strengthened SEK Organic revenue growth 1% 2%
Slide 20: Gross margin and operating expenses
Gross margin and operating expenses Q3 Gross margin ▪ To be added ▪ Gross margin was 38.3% (40.0) % 48 ‒ Primarily impacted by IAC 40 ‒ Beyond IAC, improved margin in Industrial division, 32 24 while Construction and Wind divisions margins 16 decreased mainly due to lower revenue 8 0 Q3 Q4 Q1 Q2 Q3
Slide 21: Result for the period and EPS
Result for the period and EPS Q3 ▪ Result for the period was MSEK 133 (155), -14% Result for the period and EPS* ▪ Excluding IAC (Items Affecting Comparability), result MSEK SEK for the period was MSEK 163 (157), +4% 220 200 2,50 180 2,00 ▪ Earnings per share was SEK 1.25 (1.46), -14% 160 140 1,50 1
Slide 22: Operating cash flow
Operating cash flow Q3 ▪ Cash flow from operations was MSEK 196 (265) Operating cash flow, MSEK MSEK MSEK ‒ Still on a good level despite lower earnings and 550 1 400 phasing of tax payments 500 1 200 450 400 1 000 350 300 800 250 600 200 150 400 100 200 50 0 0 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2023 2024 2
Slide 23: Net debt and return on capital employed
Net debt and return on capital employed Q3 Net debt and leverage ▪ Net debt is BSEK 2.6 (2.6 in Q2 2025) MSEK X ▪ Net debt/EBITDA 1.79 (2.12) 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 growth 2 00
Slide 24: Summary
Summary Q3 ▪ We continue to deliver on the New Heights programme – Organic growth of 4% in order intake and 1% in revenue – Adjusted EBITA margin of 17.3% (17.8) – Year to date, organic growth of 8% in order intake and 5% in adjusted EBITA – Closed acquisition of Century Elevator in the quarter and
Slide 25: Q&A
Q&A Investor Update November 20, 2024