Lindab International AB (publ) (LIAB) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to this presentation of Lindab Group's Q4 report. I'm Ola Ringdahl, President and CEO of Lindab Group and next to me I have our CFO Lars Ynna. We will begin by presenting the results for the quarter and then we will move over to our focus areas for the year and an outlook. Following the presentation there will be a Q&A session. Let's begin with some highlights. Overall, I'm pleased to see a strengthening of the result compared to last year. Adjusted operating profit increased despite negative currency effects. Cash flow was strong and the board proposes a dividend of 5.60 SEC, an increase from 5.40 SEC the previous year. The positive development is driven by continued profitability improvements in our largest business area ventilation systems. Our efficiency measures have delivered according to plan, contributing substantially to the stronger margins. After a longer period of weak market conditions, ventilation systems achieved some small but important organic growth in the quarter. For business area profile systems, the challenges remain. However, an important milestone in the transformation of the business is that the exit from Eastern Europe is under completion. Now let's take a look at our sales development. In ventilation systems, growth in comparable units was positive for the first time since 2022, with 1%. That's a sign of strength in a challenging market. The important Nordic region showed strong sales performance, with Sweden demonstrating the most significant improvement. France, Ireland, and Italy also delivered solid sales numbers. However, Germany continues to decline due to a challenging market situation. When we look at our smaller business area profile systems, we saw a continued decline in sales. Sales decreased on the two most imp...