Continued strong order intake
- Strong order intake growth in the quarter for both Construction and Industrial. An organic growth of 5%, up to MSEK 1,214 (1,096)
- Revenue for the quarter at MSEK 1,150 (1,050), an organic growth of 4%
- EBITA adj. of MSEK 159 (145), representing a margin of 13.8%
- Positive effects of integration starting to materialise
Fourth quarter
- Order intake increased by 11% to MSEK 1,214 (1,096) with an organic growth of 5%
- Revenue increased by 10% to MSEK 1,150 (1,050) with an organic growth of 4%
- EBITA adj. increased to MSEK 159 (145), margin 13.8% (13.8)
- EBITA increased to MSEK 144 (127), margin 12.5% (12.1)
- EBIT increased to MSEK 134 (113), margin 11.6% (10.8)
- Net profit increased to MSEK 144 (90)
- Earnings per share increased to SEK 2.65 (1.67)
- Operating cash flow decreased to MSEK 148 (174)
January – December
- Order intake increased by 13% to MSEK 4,621 (4,101) with an organic growth of 4%
- Revenue increased by 8% to MSEK 4,320 (4,001) while organic growth was flat
- EBITA adj. increased to MSEK 555 (510), margin 12.8% (12.8)
- EBITA increased to MSEK 490 (465), margin 11.4% (11.6)
- EBIT increased to MSEK 439 (417), margin 10.2% (10.4)
- Net profit increased to MSEK 344 (292)
- Earnings per share increased to SEK 6.35 (5.38)
- Operating cash flow decreased to MSEK 240 (335)
- The Board of Directors propose a dividend of SEK 2.75 per share (2.30)
Management assessment: If the acquired companies would have been fully consolidated in the Group by 1 January 2017, order intake during January-December 2018 would have increased 4% and revenue would have increased 3% compared to the same period 2017.
Telephone conference / Audiocast
A telephone conference will be held on Friday February 22nd at 10:00 CET. CEO Tormod Gunleiksrud and CFO Tobias Lindquist will present and comment on the report. The presentation, that will be held in English, can also be followed via audiocast.
To participate by phone – please call:
SE: +46856642661
UK: +442031940544
US: +18552692604
Link to audiocast:
https://alimak.eventcdn.net/20190222
For more information, please contact:
Mathilda Eriksson, Investor Relations Manager, Phone: +46 (0)8 402 14 41
Tobias Lindquist, CFO, Phone +46 (0)8 402 14 40
This information is information that Alimak Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 08.00 CET at 22 February 2019.
About Alimak Group
Alimak Group is a world-leading provider of vertical access solutions for professional use. With sales to more than 100 countries, the Group designs, develops, manufactures, distributes and provides service to vertical access solutions with focus on adding customer value through greater safety, higher productivity and improved cost efficiency. The Group's products and solutions are sold under the brands Alimak, CoxGomyl, Manntech, Avanti and Alimak Service. Alimak has an installed base of around 70,000 elevators, hoists, platforms, service lifts and building maintenance units around the world. Founded in Sweden 1948, Alimak Group has its headquarters in Stockholm, 12 manufacturing facilities in 8 countries and 2,400 employees around the world. www.alimakgroup.com.