Solid performance
- Order intake decreased by 5% to MSEK 1 592 (1 678), a decrease of 2% at constant currency
- Revenue increased by 1% to MSEK 1 742 (1 730), an increase of 4% at constant currency
- Adjusted EBITA margin increased to 17.8% (16.1%)
- Good cash flow from operations of MSEK 265 (390), deleveraging Net debt/EBITA to 2.12 (2.53)
Third quarter
- Order intake decreased by 5% (2% at constant currency) to MSEK 1 592 (1 678). A strong performance in the Facade Access, Industrial and Wind divisions, while the Construction and Height Safety and Productivity Solutions divisions reported lower order intake.
- Revenue increased by 1% (4% at constant currency) to MSEK 1 742 (1 730), with a positive contribution from the Height Safety and Productivity Solutions, Industrial and Wind divisions.
- Adjusted EBITA increased to MSEK 310 (279), corresponding to a margin of 17.8% (16.1%).
- EBITA, as reported, amounted to MSEK 308 (312), negatively affected by a net difference of MSEK -36 in Items Affecting Comparability (IAC). The IAC of MSEK -2 (34) related this quarter to the closure of the Mammendorf assembly facility and was partially offset by the earn-out adjustment for the Tall Crane acquisition.
- EBIT amounted to MSEK 260 (256).
- EPS before dilution increased to SEK 1.46 (1.32) and diluted to SEK 1.46 (1.32).
- Cash flow from operations was MSEK 265 (390).
January – September
- Order intake decreased by 4% (3% at constant currency) to MSEK 5 110 (5 330), negatively impacted by the Facade Access, Construction and Height Safety and Productivity Solutions divisions. Industrial contributed positively.
- Revenue was flat (+1% at constant currency) at MSEK 5 283 (5 259), with a strong performance from the Industrial and Wind divisions.
- Adjusted EBITA for the period was MSEK 902 (862), corresponding to a margin of 17.1% (16.4%).
- EBITA, as reported, amounted to MSEK 885 (887), negatively affected by a net difference of MSEK -42 in Items Affecting Comparability (IAC). The IAC of MSEK -17 (25) related this year to the closure of the Mammendorf assembly facility and was partially offset by the earn-out adjustment for the Tall Crane acquisition.
- EBIT amounted to MSEK 734 (740).
- Basic earnings per share decreased to SEK 4.05 (4.14) and diluted to SEK 4.04 (4.14).
- Cash flow from operations was MSEK 643 (704).
- Net debt/EBITDA amounted to 2.12 (2.53).
Telephone conference/presentation
A conference for investors, analysts and financial media will be held at 10.00 CET on 29 October. 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://ir.financialhearings.com/alimak-group-q3-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://conference.financialhearings.com/teleconference/?id=50049105