Strong order intake
- Order intake of MSEK 1,104 (869), an organic growth of 17% driven by strong quarter for Industrial Equipment and After Sales
- Revenue for the quarter at MSEK 1,099 (980), an organic growth of 5%
- EBITA adj. of MSEK 136 (101), representing a margin of 12.4% (10.3). Improvements within all business areas
- Operational cash flow of MSEK 113 (74) in the quarter, a catch up after the weak first half of the year
Third quarter
- Order intake increased by 27% to MSEK 1,104 (869) with an organic increase of 17%
- Revenue increased by 12% to MSEK 1,099 (980) with an organic increase of 5%
- EBITA adj. increased to MSEK 136 (101), margin 12.4% (10.3)
- EBITA increased to MSEK 117 (82), margin 10.6% (8.3)
- EBIT increased to MSEK 105 (69), margin 9.6% (7.0)
- Net profit amounted to MSEK 68 (72)
- Earnings per share amounted to SEK 1.26 (1.33)
- Operating cash flow amounted to MSEK 113 (74)
January – September
- Order intake increased by 13% to MSEK 3,407 (3,005) with an organic increase of 3%
- Revenue increased by 7% to MSEK 3,170 (2,951) with an organic decrease of 2%
- EBITA adj. increased to MSEK 396 (365), margin 12.5% (12.4)
- EBITA increased to MSEK 347 (338), margin 10.9% (11.5)
- EBIT amounted to MSEK 306 (304), margin 9.6% (10.3)
- Net profit amounted to MSEK 200 (201)
- Earnings per share amounted to SEK 3.70 (3.90)
- Operating cash flow amounted to MSEK 92 (162)
Management assessment: If the acquired companies would have been fully consolidated in the Group by 1 January 2017, order intake during January-September 2018 would have increased 2% and revenue would have remained flat at 0% growth compared to the same period 2017.
Telephone conference / Audiocast
A telephone conference will be held on Thursday October 25th at 10:00 CEST. 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/20181025/
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 CEST at 25 October 2018.
About Alimak Group
Alimak Group is a world-leading provider of vertical access solutions for the industry and construction sectors. With a presence in more than 100 countries, the Group develops, manufactures, sells 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 Group has an installed base of more than 67,000 elevators, hoists, platforms, service lifts and building maintenance units around the world. Founded in Sweden 1948, the Group has its headquarters in Stockholm, 12 manufacturing facilities in 8 countries and 2,400 employees around the world. www.alimakgroup.com