Indutrade AB (publ) (INDT) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Indutrade Q4 presentation for 2025. During the questions and answers session, participants are able to ask questions by dialing pound key five on their telephone keypad. Now I will hand the conference over to CEO Bo Amvik and CFO Patrik Johnson. Please go ahead. Welcome and good morning on our behalf as well. Let's start with a summary of the year 2025. It was a year with market uncertainty and continued dampened demand, although conditions improved throughout the year. We improved operationally and financially gradually during the year, and we also further strengthened our long-term strategic capability as our new segment structure now is fully established. In terms of financial numbers, 2% total growth in order intake, organically also plus 2%. Net saves decreased by 1% in total, of which minus 2% organically, driven mainly by backlog reductions during 2023 and 2024. The EBITDA margin of 13.8%, excluding extraordinary runoffs in the year, the EBITDA margin came in at 14.1%. The cash flow was continued on a high level, and the financial position of the group is very strong. In terms of acquisitions, we acquired 13 well-positioned and profitable companies during the year, with a total annual turnover of 1.3 billion SEK. The board proposes a dividend of Swedish krona 3.1 per share. Looking at the Q4 highlights, Organic order growth of plus 3%, with positive development in many companies and all larger customer segments. Three out of five business areas grew organically, and the remaining two were stable from last year. More than half of the companies had organic order growth. The strongest demand from customer was within energy, water and wastewater, and infrastructure and construction. Net sales decreased by 1% in total. Organically, it was unchanged. ...