Margin improvements
- Currency translation effects had negative impact on reported order intake, revenue and earnings
- Organic order intake growth of 7%
- Revenue flat organically as expected due to incoming order backlog and continued effects of the COVID-19 pandemic
- Margin improvements in all divisions and cost savings programme on track
- Strong Cash Flow and further strengthened financial position
First quarter
- Order intake increased by 1% to MSEK 1,073 (1,067) with an organic increase of 7%
- Revenue decreased by 8% to MSEK 846 (916) with an organic decrease of 1%
- EBITA increased by 20% to MSEK 95 (79), corresponding to a margin of 11.2% (8.7)
- Result for the period increased to MSEK 63 (41)
- Earnings per share, basic and diluted, increased by 51% to SEK 1.15 (0.76)
Telephone conference/Presentation
A telephone conference for investors, analysts and financial media will be held at 10.00 CET on Thursday April 22, 2021. CEO Ole Kristian Jødahl and Interim CFO Bernt Ingman will present and comment on the report. The presentation, held in English, can also be followed via audiocast.
To participate by phone – please call:
SE: +46 850558358
UK: +44 3333009270
US: +1 8332498404
Link to audiocast:
https://streams.eventcdn.net/alimak/q1-2021/
Link to the report
The interim report is attached to this press release and will also be available, together with presentation material and a link to the audiocast, at https://www.alimakgroup.com/English/investor-relations/
For further information, please contact:
Bernt Ingman, Interim 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 on April 22, 2021.
About Alimak Group
Alimak Group is a world-leading provider of vertical access solutions for professional use. Through a global reach covering more than 100 countries, the Group provides products and unmatched service and support solutions leading to improved safety, productivity, resource efficiency, under the brands Alimak, CoxGomyl, Manntech, Avanti and Alimak Service. The Group has an installed base of more than 70,000 elevators, hoists, platforms, service lifts and building maintenance units around the world. Founded in Sweden 1948, the Group has its headquarters in Stockholm, 11 production and assembly facilities in 8 countries and 2,000 employees around the world. www.alimakgroup.com