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Alimak Group AB: Alimak Group: Interim report January – September 2020

Continuing efforts to safeguard profit margins

  • Still significant impacts from COVID-19, but sequentially improved operational result and cash flow
  • Orders and revenue affected by negative currency effects – organic decrease lower than in H1
  • New Heights programme launched – non-recurring costs of MSEK 35 taken in the quarter

Third quarter

  • Order intake decreased by 15% to MSEK 888 (1,039) with an organic decrease of 9%
  • Revenue decreased by 16% to MSEK 916 (1,084) with an organic decrease of 9%
  • EBITA adj. decreased to MSEK 103 (152), margin 11.2% (14.0)
  • Result for the period decreased to MSEK 41 (100)
  • Earnings per share, basic and diluted, decreased to SEK 0.75 (1.83)
  • Cash flow from operations increased to MSEK 206 (134)

January – September

  • Order intake decreased by 11% to MSEK 2,917 (3,290) with an organic decrease of 10%
  • Revenue decreased by 18% to MSEK 2,807 (3,444) with an organic decrease of 17%
  • EBITA adj. decreased to MSEK 269 (477), margin 9.6% (13.9)
  • Result for the period decreased to MSEK 133 (306)
  • Earnings per share, basic and diluted, decreased to SEK 2.45 (5.65)
  • Cash flow from operations was MSEK 341 (276)
  • Leverage (Net Debt/EBITDA) at September 30, 2020 was 1.68 (1.33 as of December 31, 2019)

Telephone conference/Presentation

A telephone conference for investors, analysts and financial media will be held at 10.00 CEST on Thursday October 22, 2020. CEO Ole Kristian Jødahl 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: +46850558354
US: +18335268397
UK: +44 3333000804 PIN: 92107187#    
Link to audiocast:

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

For further information, please contact:
Mathilda Eriksson, Investor Relations and Group Communications Manager, +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 22, 2020.

About Alimak Group
Alimak Group is a world-leading provider of vertical access solutions for professional use. With a global reach spanning more than 100 countries, the Group offers vertical access solutions adding customer value through greater safety, productivity and resource efficiency. Alimak Group's products and service 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, 11 production and assembly facilities in 8 countries and 2,300 employees around the world.