Increased margin and earnings
- Strong improvement in Group earnings, EBITA adj. margin increase to 14% and EPS growth of 45%, following continued revenue growth in After Sales and improved margin in Industrial Equipment
- Order intake decrease mainly stemming from the Wind business unit within Industrial Equipment
- Lower orders and revenue in Construction Equipment with decrease coming from the UK and the Nordics while Rental recorded a strong quarterÂ
Third quarter
- Order intake decreased by 6% to MSEK 1,039 (1,104) with an organic decrease of 9%
- Revenue decreased by 1% to MSEK 1,084 (1,099) with an organic decrease of 5%
- EBITA adj. increased to MSEK 152 (136), margin 14.0% (12.4)
- Result for the period increased to MSEK 100 (68)
- Earnings per share, basic and diluted, increased to SEK 1.83 (1.26)
- Cash flow from operations increased to MSEK 134 (113)
January – September
- Order intake decreased by 3% to MSEK 3,290 (3,407) with an organic decrease of 8%
- Revenue grew by 9% to MSEK 3,444 (3,170) with an organic increase of 4%
- EBITA adj. increased to MSEK 477 (396), margin 13.9% (12.5)
- Result for the period increased to MSEK 306 (200)
- Earnings per share, basic and diluted, increased to SEK 5.65 (3.70)
- Cash flow from operations increased to MSEK 276 (92)
- Leverage (Net Debt/EBITDA) at September 30, 2019 was 1.68 (1.81 as of September 30, 2018 and 1.55 as of December 31, 2018)
Telephone conference/Presentation
A telephone conference for investors, analysts and financial media will be held at 10.00 CEST on Wednesday October 23, 2019. CEO Tormod Gunleiksrud and CFO Tobias Lindquist 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: +46856642661
UK: +442031940544
US: +18552692604
Link to audiocast:
https://alimak.eventcdn.net/2019q3/
For further information, please contact:
Mathilda Eriksson, Investor Relations and Group Communications Manager, Phone +46 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 CEST on October 23, 2019.
About Alimak Group
Alimak Group is a world-leading provider of vertical access solutions for professional use. With presence in more than 100 countries, the Group develops, manufactures, sells and services vertical access solutions with focus on adding customer value through greater safety, higher productivity and improved cost efficiency. Alimak Group's products and solutions are sold under the brands Alimak, CoxGomyl, Manntech, Avanti and Alimak Service. The Group has an installed base of around 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, 12 production and assembly facilities in 8 countries and 2,400 employees around the world. www.alimakgroup.com