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Alimak Group
Quarterly Report • Oct 23, 2025
2997_10-q_2025-10-23_16ee6398-e20e-4351-9fe2-be6faae99ce3.pdf
Quarterly Report
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Interim report
Showing resilience in a challenging market
- ⎯ Order intake decreased by 3% to MSEK 1,547 (1,592), an organic increase of 4%
- ⎯ Revenue decreased by 5% to MSEK 1,658 (1,742), an organic increase of 1%
- ⎯ Adjusted EBITA margin decreased to 17.3% (17.8%)
- ⎯ Cash flow from operations was MSEK 196 (265), and Net debt/EBITDA was 1.79 (2.12)
THIRD QUARTER
- ⎯ Order intake decreased by 3% (4% organic increase) to MSEK 1,547 (1,592). Positive contributions from the Construction and Industrial divisions, while the Facade Access division reported a lower order intake.
- ⎯ Revenue decreased by 5% (1% organic increase) to MSEK 1,658 (1,742), with a strong performance from the Industrial and Facade Access divisions, while revenue decreased in the Construction, Height Safety & Productivity Solutions and Wind divisions.
- ⎯ Adjusted EBITA decreased to MSEK 287 (310), mainly due to currency effects, corresponding to a margin of 17.3% (17.8%). The weak Construction margin was partially offset by improved margins in the Industrial and Facade Access divisions.
- ⎯ EBITA, as reported, amounted to MSEK 246 (308). Items Affecting Comparability was MSEK -41 (-2) primarily consisting of restructuring costs in the Facade Access division.
- ⎯ EBIT decreased to MSEK 211 (260).
- ⎯ Basic earnings per share decreased to SEK 1.25 (1.46) and diluted to SEK 1.24 (1.46).
- ⎯ Cash flow from operations was MSEK 196 (265).
JANUARY - SEPTEMBER
- ⎯ Order intake increased by 3% (8% organic increase) to MSEK 5,272 (5,110). Strong performance in the Industrial and Facade Access divisions, while the Construction division reported a lower order intake.
- ⎯ Revenue decreased by 2% (2% organic increase) to MSEK 5,182 (5,283), with positive contributions from the Industrial and Facade Access divisions while revenue decreased in the Construction, Wind and Height Safety & Productivity Solutions divisions.
- ⎯ Adjusted EBITA amounted to MSEK 909 (902), growing organically by 5%. The margin was 17.5% (17.1%).
- ⎯ EBITA, as reported, amounted to MSEK 896 (885). Items Affecting Comparability was MSEK -13 (-17) and related to restructuring costs in the Facade Access division, partially offset by the Mammendorf real estate sale.
- ⎯ EBIT increased to MSEK 790 (734).
- ⎯ Basic earnings per share increased to SEK 4.73 (4.05) and diluted to SEK 4.69 (4.04).
- ⎯ Cash flow from operations was MSEK 553 (643).
- ⎯ Net debt/EBITDA was 1.79 (2.12).
| KEY FIGURES, GROUP | Q3 2025 | Q3 2024 | ∆ | Jan-Sep 2025 | Jan-Sep 2024 | ∆ |
|---|---|---|---|---|---|---|
| Order intake*, MSEK | 1,547 | 1,592 | -2.8% | 5,272 | 5,110 | 3.2% |
| Revenue, MSEK | 1,658 | 1,742 | -4.8% | 5,182 | 5,283 | -1.9% |
| EBITA adj*, MSEK | 287 | 310 | -7.3% | 909 | 902 | 0.8% |
| EBITA adj*, margin, % | 17.3% | 17.8% | 17.5% | 17.1% | ||
| EBITA*, MSEK | 246 | 308 | -19.9% | 896 | 885 | 1.3% |
| EBITA* margin, % | 14.9% | 17.7% | 17.3% | 16.7% | ||
| EBIT, MSEK | 211 | 260 | -18.9% | 790 | 734 | 7.6% |
| EBIT margin, % | 12.7% | 14.9% | 15.2% | 13.9% | ||
| Result for the period, MSEK | 133 | 155 | -14.4% | 501 | 429 | 16.7% |
| Earnings per share, before dilution, SEK | 1.25 | 1.46 | -14.4% | 4.73 | 4.05 | 16.8% |
| Earnings per share, after dilution, SEK | 1.24 | 1.46 | -15.1% | 4.69 | 4.04 | 16.1% |
| Earnings per share adj., before dilution*, SEK | 1.78 | 1.79 | -0.6% | 5.53 | 5.24 | 5.5% |
| Cash flow from operations, MSEK | 196 | 265 | -26.0% | 553 | 643 | -14.0% |
| Net debt/EBITDA*, ratio | 1.79 | 2.12 | -15.3% | 1.79 | 2.12 | -15.3% |
*Alternative performance measure, see Definitions
Comments by the CEO
In the third quarter, we saw continued adverse market conditions particularly affecting demand in construction related activities. The strengthened SEK had a negative impact of 6% on our earnings. We reported an adjusted EBITA margin of 17.3% (17.8) in the quarter, which is below our ambitions. Improved earnings in the Industrial and Facade Access divisions were offset by a weak Construction margin and slightly lower margins within the HSPS and Wind divisions.
The New Heights strategy continues to serve us well and we are reporting an organic growth of 4% in order intake and 1% in revenues in the quarter, something that I'm pleased with. Year to date, we see strong organic growth and a decent profit expansion, with 8% organic order intake growth and 5% organic adjusted EBITA growth. Quarterly cash flow from operations remained solid at MSEK 196 (265), despite lower earnings, and Net debt/EBITDA was 1.79 (2.12).
Mixed divisional performance
The Facade Access division continues to drive and deliver on its profit improvement journey. While we reported a lower order intake, reflecting the irregularity of the business, the opportunity pipeline looks good. This is thanks to our focused efforts in infrastructure, consultancy services, and aftermarket (including replacement, retrofit, and refurbishment).
The Construction division continues to face a challenging market, with investments in new hoists in Europe and North America at a very low level, affecting our load in the Skelleftea factory. Our growth initiatives and cost reduction actions in recent years play an important role in maintaining the business at a decent level and we are in a strong position to capitalise on the market rebound that will come.
The HSPS division was temporarily affected by the challenging construction sector and faced soft demand during the summer months. We are now at full speed in transforming our setup to ensure accelerated profitable growth, and we are already starting to see the effects of this work.
Our Industrial division is continuing its upwards development, with Q3 delivering yet another very good performance. Our customer focused, decentralised and profitable growth strategy is clearly working.
The Wind division faced headwinds in the US, driven by the US administration's negative stance on wind energy, which is having a short-term negative effect. However, the opportunity pipeline remains stable and promising going forward.
In Q3, we welcomed Century Elevators into our US industrial business, further strengthening our position in this important market. Recently we also signed an agreement to acquire Swedish Interlift that will expand our product portfolio in lifting and height safety solutions in the Nordics. Our M&A funnel is growing and with our strong financial position, I feel confident that we will add more value-accretive businesses.
Looking forward
The market conditions are not expected to materially change in the near future. However, with our proven New Heights strategy, we remain humble yet confident in our ability to continue addressing those market conditions and drive a strong profitable growth journey for the Group.
As previously announced, we will host a Capital Market Day in Stockholm on 25 November, where we will take a deeper dive into our plans and ambitions for the years to come.
I would like to extend my sincere thanks to all our
employees, customers, suppliers, partners, and shareholders for your continued contribution, commitment and support!
Ole Kristian Jødahl, President and CEO
Group Performance
THIRD QUARTER
Order intake in the period decreased by 3% (4% organic increase) to MSEK 1,547 (1,592). The Construction and Industrial divisions had strong growth, while the Facade Access division reported a lower order intake.
Revenue decreased by 5% (1% organic increase) to MSEK 1,658 (1,742), with a strong contribution from the Industrial and Facade Access divisions, while revenue decreased in the Construction, Height Safety & Productivity Solutions and Wind divisions.
Adjusted EBITA decreased to MSEK 287 (310), mainly due to currency effects, corresponding to a margin of 17.3% (17.8%). The weak Construction margin was partially offset by improved margins in the Industrial and Facade Access divisions.
EBITA, as reported, decreased to MSEK 246 (308). Items Affecting Comparability was MSEK -41 (-2) for the period, consisting primarily of restructuring costs in the Facade Access division, and minor acquisition-related costs.
| ORDER INTAKE* | Q | 3 | Jan-Sep | ||
|---|---|---|---|---|---|
| ORDER INTAKE | 2025 | 2024 | 2025 | 2024 | |
| Orders, MSEK | 1 547 | 1 592 | 5 272 | 5 110 | |
| Change, MSEK | -45 | -86 | 162 | -220 | |
| Change, % | -2.8% | -5.1% | 3.2% | -4.1% | |
| Whereof: | |||||
| Volume & price, % | 4.1% | -1.8% | 8.0% | -3.1% | |
| Currency, % | -7.0% | -3.3% | -4.9% | -1.0% | |
| Acquisition & divestment, % | 0.1% | 0.0% | 0.0% | 0.0% |
| REVENUE | C | 13 | Jan-Sep | ||
|---|---|---|---|---|---|
| KEVENOE | 2025 | 2024 | 2025 | 2024 | |
| Revenue, MSEK | 1 658 | 1 742 | 5 182 | 5 283 | |
| Change, MSEK | -83 | 12 | -101 | 24 | |
| Change, % | -4.8% | 0.7% | -1.9% | 0.5% | |
| Whereof: | |||||
| Volume & price, % | 1.1% | 4.1% | 2.4% | 1.4% | |
| Currency, % | -6.6% | -3.5% | -4.5% | -0.9% | |
| Acquisition & divestment, % | 0.7% | 0.0% | 0.2% | 0.0% |
| EBITA adj.* | Q | 13 | Jan-Sep | ||
|---|---|---|---|---|---|
| EBITA auj. | 2025 | 2024 | 2025 | 2024 | |
| EBITA adj., MSEK | 287 | 310 | 909 | 902 | |
| EBITA adj*, margin % | 17.3% | 17.8% | 17.5% | 17.1% | |
| Change, MSEK | -23 | 31 | 7 | 39 | |
| Change, % | -7.3% | 11.2% | 0.8% | 4.6% | |
| Whereof: | |||||
| Volume & price, % | -2.4% | 15.2% | 4.9% | 5.5% | |
| Currency, % | -5.8% | -4.0% | -4.3% | -0.9% | |
| Acquisition & divestment, % | 0.8% | 0.0% | 0.3% | 0.0% | |
| *Alternative performance measure, se | e Definitions |
Amortisation for the period amounted to MSEK 36 (45).
EBIT for the period was MSEK 211 (260).
The financial net amounted to MSEK -35 (-61), interest net was MSEK -25 (-53), impacted mainly by lower interest rates.
Tax expense for the period was MSEK 44 (45), corresponding to a tax rate of 24.9% (22.4%).
Result for the period amounted to MSEK 133 (155).
Basic earnings per share was SEK 1.25 (1.46) and diluted was SEK 1.24 (1.46).
Cash flow from operations amounted to MSEK 196 (265) affected by lower earnings and phasing of tax payments.
Net investments in fixed assets for the period totalled MSEK 17 (13), of which MSEK 6 (7) was related to additions to the rental fleet.
JANUARY – SEPTEMBER
Order intake in the period increased by 3% (8% organic increase) to MSEK 5,272 (5,110). A strong performance in the Facade Access and Industrial divisions, while the Construction division reported lower order intake.
Revenue decreased by 2% (2% organic increase) to MSEK 5,182 (5,283), with a positive contribution from the Industrial and Facade Access divisions while revenue decreased in the Construction, Wind and Height Safety & Productivity Solutions divisions.
Adjusted EBITA for the period was MSEK 909 (902), growing organically by 5%. Corresponding to a margin of 17.5% (17.1%).
EBITA, as reported, amounted to MSEK 896 (885). Items Affecting Comparability was MSEK -13 (-17) and mainly related to restructuring costs in the Facade Access division, partially offset by the Mammendorf real estate sale.
Amortisation for the period amounted to MSEK 106 (147).
EBIT for the period was MSEK 790 (734).
The financial net amounted to MSEK -119 (-172). Interest net was MSEK -83 (-164), impacted mainly by lower interest rates. The remaining change related to currency impacts.
Tax expense for the period was MSEK 171 (134), corresponding to a tax rate of 25.4% (23.8%).
Result for the period amounted to MSEK 501 (429).
Basic earnings per share increased to SEK 4.73 (4.05) and diluted to SEK 4.69 (4.04).
Cash flow from operations amounted to MSEK 553 (643).
Net investments in fixed assets for the period totalled MSEK 93 (62), of which MSEK 53 (36) was related to additions to the rental fleet.
During the period, a dividend of MSEK 317 (265) was paid to the shareholders.
FINANCIAL POSITION
As of 30 September 2025, net debt totalled MSEK 2,585 (2,963).
The equity ratio was 53.2% (51.7) and the leverage ratio (net debt/EBITDA) was 1.79 (2.12).
EMPLOYEES
As of 30 September 2025, there were 2,993 (2,968) FTEs in the Group.
Alimak Group AB 5
Interim Report Q3 January – September 2025
SIGNIFICANT EVENTS DURING THE REPORTING PERIOD JANUARY – SEPTEMBER 2025
Organisational changes
As of 1 March 2025, José Maria Nevot was promoted to EVP of the Height Safety & Productivity Solutions division and Rafael Peña Guinaliu was promoted to EVP of the Wind division. On 1 August 2025, Hervé Ros was promoted to EVP of the Facade Access division replacing Philippe Gastineau, who decided to leave the Group.
Change in Board of Directors
Dr Annette Rinck was elected as a new member of the Board of Directors at the Annual General Meeting, on 30 April 2025.
Acquired industrial elevator business in the US
During the third quarter, Alimak Group acquired the permanent industrial elevator business of Century Elevators Inc., which has an annual turnover of approximately MUSD 9.7. The acquisition brought several strategic benefits, including a strengthened market position in both the US and Canada through the distribution of highquality industrial elevators and an expanded service footprint. It also added a team of highly skilled professionals, further enhancing the Group's capabilities and expertise. For further details please see Note 5.
Actions to further improve Facade Access margins
To ensure the proper margin uplift for the division, we saw the need to adjust the division's fixed costs. This involved capacity reduction in Spain and cost savings in Luxembourg. The estimated total restructuring cost is MSEK 60, whereof MSEK 40 was recognised in the quarter. The expected annual savings are MSEK 30, starting in 2026.
FINANCIAL TARGETS AND POLICIES
Please refer to alimakgroup.com
SIGNIFICANT EVENTS AFTER THE REPORTING PERIOD
Agreement signed on 21 October to acquire Swedish company Interlift
With an annual turnover of approximately MSEK 50, it will join the Height Safety & Productivity Solutions division and brings new products and a better access to the Nordic market. The transaction is expected to close by the end of November 2025.
Facade Access
Order intake decreased by 16% (9% decrease at constant currency) to MSEK 379 (453), reflecting the irregularity of the business. The year-to-date trend remains positive, with 13% growth compared to last year at constant currency. Notable orders in the quarter included several replacement orders in the Netherlands and a major building maintenance unit project won in the Middle East. The positive momentum in North America continued, where our Integrated Design Services and low-complexity solutions performed well. In addition, we signed an important contract within the nuclear industry.
Revenue increased by 2% (11% increase at constant currency) to MSEK 491 (479), with a strong performance in North America and Asia-Pacific.
EBITA increased to MSEK 64 (55), corresponding to an EBITA margin of 13.0% (11.5). Margins continued to improve, supported by better project pricing, planning and execution. This was partially offset by low margins in legacy projects in their final stages, and adverse currency effects. The low factory load in the quarter, due to soft BMU volume, was compensated by the cost savings generated by the 2024 restructuring activities.
| ORDER INTAKE* | Q3 | Jan-Sep | ||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Orders, MSEK | 379 | 453 | 1,326 | 1,240 |
| Change, MSEK | -74 | 77 | 86 | -62 |
| Change, % | -16.3% | 20.4% | 7.0% | -4.8% |
| Whereof: | ||||
| Volume & price, % | -8.8% | 25.4% | 12.5% | -3.8% |
| Currency, % | -7.6% | -5.0% | -5.6% | -1.0% |
| Acquisition & divestment, % | 0.0% | 0.0% | 0.0% | 0.0% |
| REVENUE | Q3 | Jan-Sep | ||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenue, MSEK | 491 | 479 | 1,472 | 1,460 |
| Change, MSEK | 12 | -28 | 12 | -27 |
| Change, % | 2.4% | -5.5% | 0.8% | -1.8% |
| Whereof: | ||||
| Volume & price, % | 10.7% | -2.2% | 6.3% | -0.8% |
| Currency, % | -8.3% | -3.3% | -5.4% | -1.0% |
| Acquisition & divestment, % | 0.0% | 0.0% | 0.0% | 0.0% |
| Q3 | Jan-Sep | ||||
|---|---|---|---|---|---|
| EBITA* | 2025 | 2024 | 2025 | 2024 | |
| EBITA, MSEK | 64 | 55 | 166 | 150 | |
| EBITA, % | 13.0% | 11.5% | 11.3% | 10.3% | |
| Change, MSEK | 9 | 15 | 15 | 56 | |
| Change, % | 15.8% | 39.0% | 10.1% | 58.6% | |
| Whereof: | |||||
| Volume & price, % | 27.1% | 46.6% | 18.5% | 62.7% | |
| Currency, % | -11.3% | -7.6% | -8.4% | -4.1% | |
| Acquisition & divestment, % | 0.0% | 0.0% | 0.0% | 0.0% |
*Alternative performance measure, see Definitions
Construction
Order intake increased by 3% (11% increase at constant currency) to MSEK 361 (350), supported by orders of mast climbing work platforms in the United Arab Emirates, reflecting our focused commercial efforts in the region. Additional contributions came from material transport platforms in the UK, as well as used equipment orders in Denmark and Korea. These gains helped offset continued weak demand for new hoists in North America and Europe, as the current market does not encourage fleet owners to invest.
Revenue decreased by 22% (16% decrease at constant currency) to MSEK 333 (427), mainly due to low order intake in the second quarter.
EBITA decreased to MSEK 44 (74), corresponding to a margin of 13.3% (17.4). The decline was primarily driven by the reduced revenue and its impact on the Skelleftea factory, coming from the weak European and North American construction hoist volume.
| ORDER INTAKE* | Q3 | Jan-Sep | ||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Orders, MSEK | 361 | 350 | 1,178 | 1,288 |
| Change, MSEK | 11 | -139 | -110 | -146 |
| Change, % | 3.1% | -28.5% | -8.6% | -10.2% |
| Whereof: | ||||
| Volume & price, % | 11.2% | -26.6% | -3.7% | -9.3% |
| Currency, % | -8.1% | -1.8% | -4.9% | -0.9% |
| Acquisition & divestment, % | 0.0% | 0.0% | 0.0% | 0.0% |
| REVENUE | Q3 | Jan-Sep | |||
|---|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | ||
| Revenue, MSEK | 333 | 427 | 1,152 | 1,225 | |
| Change, MSEK | -95 | -12 | -72 | -84 | |
| Change, % | -22.1% | -2.8% | -5.9% | -6.4% | |
| Whereof: | |||||
| Volume & price, % | -16.0% | 0.3% | -1.2% | -5.6% | |
| Currency, % | -6.1% | -3.0% | -4.7% | -0.8% | |
| Acquisition & divestment, % | 0.0% | 0.0% | 0.0% | 0.0% |
| EBITA* | Q3 | Jan-Sep | ||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| EBITA, MSEK | 44 | 74 | 179 | 184 |
| EBITA, % | 13.3% | 17.4% | 15.5% | 15.0% |
| Change, MSEK | -30 | -8 | -5 | -55 |
| Change, % | -40.3% | -9.6% | -2.8% | -23.1% |
| Whereof: | ||||
| Volume & price, % | -35.6% | -7.4% | 1.8% | -22.4% |
| Currency, % | -4.7% | -2.2% | -4.6% | -0.7% |
| Acquisition & divestment, % | 0.0% | 0.0% | 0.0% | 0.0% |
*Alternative performance measure, see Definitions
Height Safety & Productivity Solutions
Order intake decreased by 2% (3% increase at constant currency) to MSEK 305 (312), reflecting weaker demand in the European market during July and August. This was partially compensated by a positive trend in September and good momentum in emerging markets. We accelerate investments in product development, sales and marketing to increase profitable growth.
Revenue in the quarter decreased by 7% (2% decrease at constant currency) to MSEK 310 (335), following a similar pattern to order intake.
EBITA decreased to MSEK 57 (64), corresponding to a margin of 18.5% (19.2%), impacted by the lower revenue in the quarter.
| ORDER INTAKE* | Q3 | Jan-Sep | ||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Orders, MSEK | 305 | 312 | 1,002 | 1,000 |
| Change, MSEK | -7 | -39 | 2 | -49 |
| Change, % | -2.3% | -11.0% | 0.2% | -4.7% |
| Whereof: | ||||
| Volume & price, % | 3.0% | -8.3% | 3.8% | -4.1% |
| Currency, % | -5.3% | -2.7% | -3.6% | -0.6% |
| Acquisition & divestment, % | 0.0% | 0.0% | 0.0% | 0.0% |
| REVENUE | Q3 | Jan-Sep | |||
|---|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | ||
| Revenue, MSEK | 310 | 335 | 981 | 1,043 | |
| Change, MSEK | -25 | 9 | -62 | -17 | |
| Change, % | -7.4% | 2.8% | -6.0% | -1.6% | |
| Whereof: | |||||
| Volume & price, % | -2.2% | 6.5% | -2.4% | -1.0% | |
| Currency, % | -5.2% | -3.7% | -3.6% | -0.7% | |
| Acquisition & divestment, % | 0.0% | 0.0% | 0.0% | 0.0% |
| EBITA* | Q3 | Jan-Sep | ||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| EBITA, MSEK | 57 | 64 | 182 | 195 |
| EBITA, % | 18.5% | 19.2% | 18.6% | 18.7% |
| Change, MSEK | -7 | 14 | -12 | -10 |
| Change, % | -10.7% | 26.8% | -6.3% | -5.0% |
| Whereof: | ||||
| Volume & price, % | -5.8% | 32.3% | -3.0% | -4.7% |
| Currency, % | -4.9% | -5.4% | -3.3% | -0.3% |
| Acquisition & divestment, % | 0.0% | 0.0% | 0.0% | 0.0% |
*Alternative performance measure, see Definitions
Industrial
Order intake increased by 4% (10% organic increase) to MSEK 356 (342), supported by the refurbishment business, which is an area of strategic focus. The ports, power and other heavy industries segments also contributed positively.
Revenue increased by 6% (9% organic increase) to MSEK 376 (354), supported by solid new equipment deliveries, including contributions from the Century acquisition. The aftermarket business continued to develop positively.
EBITA increased to MSEK 92 (81), corresponding to a margin of 24.5% (23.0). The business delivered further solid margin improvement.
| Jan-Sep | |||
|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 |
| 356 | 342 | 1,269 | 1,112 |
| 13 | 14 | 156 | 40 |
| 3.9% | 4.3% | 14.0% | 3.7% |
| 9.9% | 8.3% | 18.7% | 4.9% |
| -6.4% | -3.9% | -4.8% | -1.2% |
| 0.4% | 0.0% | 0.1% | 0.0% |
| Q3 |
| REVENUE | Q3 | Jan-Sep | |||
|---|---|---|---|---|---|
| 2025 | 2024 | 2024 | |||
| Revenue, MSEK | 376 | 354 | 1,129 | 1,113 | |
| Change, MSEK | 21 | 23 | 16 | 132 | |
| Change, % | 6.0% | 7.0% | 1.4% | 13.4% | |
| Whereof: | |||||
| Volume & price, % | 9.0% | 10.5% | 4.3% | 14.6% | |
| Currency, % | -6.3% | -3.5% | -3.9% | -1.2% | |
| Acquisition & divestment, % | 3.3% | 0.0% | 1.0% | 0.0% |
| Q3 | Jan-Sep | ||||
|---|---|---|---|---|---|
| EBITA* | 2025 | 2024 | 2025 | 2024 | |
| EBITA, MSEK | 92 | 81 | 287 | 269 | |
| EBITA, % | 24.5% | 23.0% | 25.4% | 24.2% | |
| Change, MSEK | 11 | 9 | 18 | 42 | |
| Change, % | 13.1% | 12.3% | 6.5% | 18.4% | |
| Whereof: | |||||
| Volume & price, % | 14.6% | 15.4% | 8.4% | 19.3% | |
| Currency, % | -4.6% | -3.1% | -2.8% | -0.9% | |
| Acquisition & divestment, % | 3.2% | 0.0% | 1.0% | 0.0% |
*Alternative performance measure, see Definitions
Wind
Order intake decreased by 2% (3% increase at constant currency) to MSEK 157 (161), as the US market remained slow due to the US administration's negative stance on wind energy. However, we now see signs of a trend reversal. The Asia-Pacific region continued to demonstrate strong momentum, while the offshore market in Northern Europe starts to improve.
Revenue declined by 11% (6% decrease at constant currency) to MSEK 160 (180), mainly due to softer order intake in Southern Europe and Americas in the second quarter. China delivered consistent results, reinforcing its strategic importance.
EBITA amounted to MSEK 30 (35), corresponding to a margin of 18.6% (19.4). The gross margin was impacted by negative geographical mix effects and the overall lower revenue. However, our strong business model and good cost control supported the profitability level.
| Jan-Sep | ||
|---|---|---|
| 2024 | ||
| 538 | ||
| -9 | ||
| -1.7% | ||
| -0.5% | ||
| -1.2% | ||
| 0.0% | ||
| Q3 | Jan-Sep | ||||
|---|---|---|---|---|---|
| REVENUE | 2025 | 2024 | 2024 | ||
| Revenue, MSEK | 160 | 180 | 491 | 527 | |
| Change, MSEK | -20 | 11 | -36 | 19 | |
| Change, % | -11.1% | 6.8% | -6.8% | 3.8% | |
| Whereof: | |||||
| Volume & price, % | -6.0% | 10.9% | -2.6% | 5.0% | |
| Currency, % | -5.1% | -4.1% | -4.2% | -1.2% | |
| Acquisition & divestment, % | 0.0% | 0.0% | 0.0% | 0.0% |
| EBITA* | Q3 | Jan-Sep | |||
|---|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | ||
| EBITA, MSEK | 30 | 35 | 96 | 104 | |
| EBITA, % | 18.6% | 19.4% | 19.5% | 19.7% | |
| Change, MSEK | -5 | 2 | -8 | 8 | |
| Change, % | -14.5% | 6.3% | -7.6% | 8.4% | |
| Whereof: | |||||
| Volume & price, % | -10.3% | 11.6% | -3.2% | 9.3% | |
| Currency, % | -4.3% | -5.2% | -4.4% | -1.0% | |
| Acquisition & divestment, % | 0.0% | 0.0% | 0.0% | 0.0% |
*Alternative performance measure, see Definitions
Alimak Group AB 11
Interim Report Q3 January – September 2025
DECLARATION
The CEO declares that the interim report presents a true and fair view of the operations, financial position and results of the Parent Company and Group and describes the significant risks and uncertainties facing the Parent Company and the companies forming part of the Group.
Stockholm, 23 October 2025
Alimak Group AB (publ) corporate identity number 556714-1857
Ole Kristian Jødahl Board Member President and CEO
Alimak Group AB 12
Interim Report Q3 January – September 2025
Review report
Alimak Group AB (publ), corporate identity number 556714-1857
Introduction
We have reviewed the condensed interim report for Alimak Group AB (publ) as of September 30, 2025 and for the nine months period then ended. The Board of Directors and the Managing Director are responsible for the preparation and presentation of this interim report in accordance with IAS 34 and the Swedish Annual Accounts Act. Our responsibility is to express a conclusion on this interim report based on our review.
Scope of review
We conducted our review in accordance with the International Standard on Review Engagements, ISRE 2410 Review of Interim Financial Statements Performed by the Independent Auditor of the Entity. A review consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing and other generally accepted auditing standards in Sweden. The procedures performed in a review do not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
Conclusion
Based on our review, nothing has come to our attention that causes us to believe that the interim report is not prepared, in all material respects, in accordance with IAS 34 and the Swedish Annual Accounts Act regarding the Group, and in accordance with the Swedish Annual Accounts Act regarding the Parent Company.
Stockholm October 23, 2025
Ernst & Young AB
Andreas Mast Authorized Public Accountant
Condensed consolidated statement of comprehensive income
| Amounts in MSEK | Note | Q3 2025 | Q3 2024 | Jan-Sep 2025 | Jan-Sep 2024 |
|---|---|---|---|---|---|
| Revenue | 2 | 1,658 | 1,742 | 5,182 | 5,283 |
| Cost of sales | -1,023 | -1,045 | -3,071 | -3,149 | |
| Gross profit | 635 | 697 | 2,111 | 2,134 | |
| Operating expenses | -425 | -437 | -1,321 | -1,400 | |
| Participations in the results of associated companies | 0 | 0 | 0 | 0 | |
| Operating profit (EBIT) | 211 | 260 | 790 | 734 | |
| Financial net | -35 | -61 | -119 | -172 | |
| Profit before tax (EBT) | 176 | 200 | 671 | 563 | |
| Income tax | -44 | -45 | -171 | -134 | |
| Net profit | 133 | 155 | 501 | 429 | |
| Attributable to owners of the parent company | 133 | 155 | 501 | 429 | |
| Earnings per share, basic, SEK | 1.25 | 1.46 | 4.73 | 4.05 | |
| Earnings per share, diluted, SEK | 1.24 | 1.46 | 4.69 | 4.04 | |
| OTHER COMPREHENSIVE INCOME | |||||
| Items that will not be reclassified to net profit for the period | |||||
| Remeasurements of defined benefit pension plans | 4 | -12 | 10 | -44 | |
| Income tax relating to remeasurements of pension plans | -1 | 3 | -3 | 13 | |
| Total | 3 | -9 | 8 | -31 | |
| Items that may be reclassified to net profit for the period | |||||
| Foreign exchange translation differences | -64 | -118 | -535 | 98 | |
| Change in fair value of cash flow hedges | -3 | 2 | 8 | -5 | |
| Income tax relating to change in fair value of cash flow hedges | 1 | 0 | -2 | 1 | |
| Total | -66 | -117 | -529 | 94 | |
| Other comprehensive income | -63 | -126 | -522 | 63 | |
| Total comprehensive income | 69 | 29 | -21 | 492 | |
| Attributable to owners of the parent company | 69 | 29 | -21 | 492 | |
Condensed consolidated statement of financial position
| Amounts in MSEK | Note | 30 Sep 2025 | 30 Sep 2024 | 31 Dec 2024 |
|---|---|---|---|---|
| ASSETS | ||||
| Goodwill and Intangible assets | 8,024 | 8,387 | 8,545 | |
| Property, plant and equipment | 616 | 647 | 680 | |
| Right-of-use assets | 324 | 290 | 299 | |
| Deferred tax assets | 134 | 183 | 148 | |
| Financial and other non-current assets | 4 | 224 | 223 | 252 |
| Total non-current assets | 9,321 | 9,730 | 9,923 | |
| Inventories | 1,272 | 1,263 | 1,249 | |
| Contract assets | 324 | 369 | 321 | |
| Trade receivables | 4 | 1,234 | 1,332 | 1,341 |
| Other receivables | 4 | 252 | 245 | 210 |
| Prepaid expenses and accrued income | 4 | 187 | 163 | 133 |
| Short-term investments | 4 | 32 | 29 | 45 |
| Cash and cash equivalents | 4 | 1,023 | 805 | 1,095 |
| Total current assets | 4,325 | 4,206 | 4,394 | |
| TOTAL ASSETS | 13,647 | 13,936 | 14,317 | |
| EQUITY AND LIABILITIES | ||||
| Shareholders equity | 7,260 | 7,191 | 7,600 | |
| Long-term borrowings | 4 | 3,305 | 3,489 | 3,428 |
| Lease liabilities | 4 | 206 | 189 | 197 |
| Deferred tax liabilities | 799 | 860 | 849 | |
| Other long term liabilities | 4 | 278 | 314 | 303 |
| Total non-current liabilities | 4,588 | 4,852 | 4,777 | |
| Short-term borrowings | 4 | 1 | 7 | 0 |
| Lease liabilities | 4 | 130 | 111 | 113 |
| Contract liabilities | 256 | 283 | 311 | |
| Trade payables | 4 | 352 | 429 | 444 |
| Other current liabilities | 4 | 1,060 | 1,064 | 1,073 |
| Total current liabilities | 1,799 | 1,894 | 1,940 | |
| TOTAL EQUITY AND LIABILITIES | 13,647 | 13,936 | 14,317 |
Condensed consolidated statement of changes in equity
| Amounts in MSEK | Share capital |
Other paid-in capital |
Translation reserve |
Hedging reserve |
Retained earnings |
Total equity |
|---|---|---|---|---|---|---|
| Opening balance, 1 Jan 2024 | 2 | 5,277 | 324 | -11 | 1,363 429 |
6,955 429 |
| Result for the period | - | - | - | - | ||
| Changes of fair value | - | - | - | -5 | - | -5 |
| Revaluation of pension plans | - | - | - | - | -44 | -44 |
| Tax attributable to revaluations | - | - | - | 1 | 13 | 14 |
| Translation difference | - | - | 98 | - | - | 98 |
| Total comprehensive income | - | - | 98 | -4 | 398 | 492 |
| Dividend | - | - | - | - | -265 | -265 |
| Issued call options | - | 9 | - | - | - | 9 |
| Closing balance, 30 Sep 2024 | 2 | 5,286 | 422 | -14 | 1,496 | 7,191 |
| Result for the period | - | - | - | - | 194 | 194 |
| Changes of fair value | - | - | - | 0 | - | 0 |
| Revaluation of pension plans | - | - | - | - | 9 | 9 |
| Tax attributable to revaluations | - | - | - | 0 | 6 | 6 |
| Translation difference | - | - | 200 | - | - | 200 |
| Total comprehensive income | - | - | 200 | 0 | 209 | 409 |
| Closing balance, 31 Dec 2024 | 2 | 5,286 | 623 | -15 | 1,705 | 7,600 |
| Opening balance, 1 Jan 2025 | 2 | 5,286 | 623 | -15 | 1,705 | 7,600 |
| Result for the period | - | - | - | - | 501 | 501 |
| Changes of fair value | - | - | - | 8 | - | 8 |
| Revaluation of pension plans | - | - | - | - | 10 | 10 |
| Tax attributable to revaluations | - | - | - | -2 | -3 | -5 |
| Translation difference | - | - | -535 | - | - | -535 |
| Total comprehensive income | - | - | -535 | 6 | 507 | -22 |
| Dividend | - | - | - | - | -317 | -317 |
| Exercised call options | - | 0 | - | - | - | 0 |
| Issued call options | - | 8 | - | - | - | 8 |
| Repurchase call options | - | -10 | - | - | - | -10 |
| Closing balance, 30 Sep 2025 | 2 | 5,286 | 88 | -9 | 1,893 | 7,260 |
Condensed consolidated statement of cash flow
| Amounts in MSEK | Q3 2025 | Q3 2024 | Jan-Sep 2025 | Jan-Sep 2024 |
|---|---|---|---|---|
| Operating activities | ||||
| Profit before tax | 176 | 200 | 671 | 563 |
| Depreciation, amortisation, impairment | 86 | 111 | 278 | 341 |
| Other non-cash items | -25 | 11 | -31 | 9 |
| Income taxes paid | -50 | -21 | -158 | -114 |
| Cash flow before change in working capital | 188 | 301 | 760 | 799 |
| Change in working capital | ||||
| Change in inventory | -26 | -26 | -119 | -60 |
| Change in contract assets | 34 | -12 | 14 | -24 |
| Change in current receivables | 26 | 96 | -59 | -18 |
| Change in current liabilities | -26 | -94 | -43 | -54 |
| Cash flow from change in working capital | 9 | -36 | -207 | -157 |
| Cash flow from operating activities | 196 | 265 | 553 | 642 |
| Investing activities | ||||
| Acquisition of business combinations, net of cash acquired* | -100 | - | -128 | - |
| Purchase of intangible assets | -1 | 0 | -6 | -2 |
| Purchase of property, plant and equipment | -15 | -12 | -87 | -60 |
| Disposal of property, plant and equipment | - | - | 77 | - |
| Net change in short term financial investments | -7 | -2 | 9 | 7 |
| Cash flow from investing activities | -123 | -15 | -135 | -55 |
| Financing activities | ||||
| Proceeds from borrowings | - | 50 | - | 250 |
| Repayment of borrowings | - | -207 | - | -424 |
| Repayment of lease liability | -39 | -32 | -100 | -95 |
| Exercised call options | - | - | 0 | - |
| Issued call options | 0 | 1 | 8 | 9 |
| Repurchase of call options | -2 | - | -10 | - |
| Dividends paid | - | - | -317 | -265 |
| Cash flow from financing activities | -40 | -189 | -418 | -525 |
| Net change in cash and cash equivalents | 34 | 62 | 0 | 63 |
| Cash & cash equivalents at beginning of period | 993 | 755 | 1,095 | 739 |
| Exchange rate differences in cash and cash equivalents | -3 | -12 | -72 | 4 |
| Cash & cash equivalents at end of period | 1,023 | 805 | 1,023 | 805 |
*Includes contingent considerations for previous acquisition
Key figures
| KEY FIGURES MSEK | 2025 | 2024 | |||||
|---|---|---|---|---|---|---|---|
| Q3 | Q2 | Q1 | Q4 | Q3 | Q2 | Q1 | |
| INCOME STATEMENT ITEMS (MSEK) | |||||||
| Order intake* | 1,547 | 1,720 | 2,005 | 1,837 | 1,592 | 1,789 | 1,729 |
| Revenue | 1,658 | 1,791 | 1,732 | 1,817 | 1,742 | 1,806 | 1,736 |
| EBITDA* | 297 | 383 | 389 | 375 | 372 | 366 | 339 |
| EBITA adj* | 287 | 322 | 300 | 320 | 310 | 307 | 285 |
| EBITA adj %* | 17.3% | 18.0% | 17.3% | 17.6% | 17.8% | 17.0% | 16.4% |
| EBITA* | 246 | 322 | 328 | 314 | 308 | 296 | 281 |
| EBIT | 211 | 288 | 292 | 263 | 261 | 247 | 228 |
| Result for the period | 133 | 184 | 184 | 194 | 155 | 143 | 131 |
| Items affecting comparability* | -41 | - | 28 | -6 | -2 | -11 | -4 |
| Total comprehensive income, MSEK | 67 | 85 | -286 | 409 | 29 | 69 | 394 |
| BALANCE SHEET ITEMS (MSEK) | |||||||
| Total assets | 13,647 | 13,623 | 13,653 | 14,317 | 13,935 | 14,148 | 14,208 |
| Capital employed* | 9,845 | 9,840 | 9,692 | 10,199 | 10,153 | 10,361 | 10,443 |
| Equity | 7,260 | 7,192 | 7,314 | 7,600 | 7,191 | 7,162 | 7,349 |
| Net debt* | 2,585 | 2,648 | 2,378 | 2,599 | 2,963 | 3,198 | 3,094 |
| Goodwill and intangible assets | 8,024 | 8,059 | 8,034 | 8,545 | 8,387 | 8,538 | 8,674 |
| Capital employed, excluding goodwill* | 4,054 | 4,046 | 3,917 | 4,091 | 4,200 | 4,326 | 4,353 |
| Working capital* | 1,826 | 1,791 | 1,702 | 1,581 | 1,718 | 1,736 | 1,815 |
| Cash and cash equivalents | 1,023 | 993 | 1,114 | 1,095 | 805 | 755 | 728 |
| CASH FLOW ITEMS (MSEK) | |||||||
| Cash flow from working capital | 9 | -96 | -120 | 256 | -36 | -61 | -60 |
| Cash flow from operating activities | 196 | 182 | 175 | 506 | 265 | 164 | 214 |
| Cash flow for the period | 34 | -155 | 121 | 270 | 62 | 38 | -37 |
| Depreciation | -50 | -61 | -61 | -61 | -63 | -69 | -58 |
| Amortisation | -36 | -35 | -36 | -51 | -48 | -49 | -53 |
| Purchase of intangible fixed assets | -1 | -2 | -3 | -4 | 0 | -1 | -1 |
| Purchase of property, plant and equipment | -15 | -28 | -44 | -60 | -12 | -29 | -19 |
| Rolling 12 Months | |||||||
| Order intake* | 7,109 | 7,153 | 7,223 | 6,947 | 6,807 | 6,893 | 6,886 |
| Revenue | 6,998 | 7,082 | 7,096 | 7,099 | 7,121 | 7,110 | 7,088 |
| EBITDA* | 1,443 | 1,517 | 1,501 | 1,451 | 1,397 | 1,395 | 1,372 |
| EBITA adj* | 1,229 | 1,251 | 1,236 | 1,221 | 1,190 | 1,159 | 1,146 |
| EBITA adj %* | 17.6% | 17.7% | 17.4% | 17.2% | 16.7% | 16.3% | 16.2% |
| EBITA* | 1,271 | 1,245 | 1,198 | 1,148 | 1,140 | ||
| EBIT | 1,210 | 1,102 | 1,062 | 998 | 1,143 939 |
935 | 924 |
| Result for the period | 1,053 695 |
717 | 676 | 623 | 550 | 536 | 522 |
| Items affecting comparability* | -19 | 20 | 9 | -23 | -47 | -11 | -6 |
| Total comprehensive income | 274 | 236 | 259 | 901 | 231 | 234 | 625 |
| Cash flow from operating activities | 1,059 | 1,127 | 1,110 | 1,149 | 1,006 | 1,131 | 1,173 |
| Cash flow for the period | 269 | 297 | 490 | 332 | 143 | 68 | -13 |
*Alternative performance measure, see Definitions
Key figures (cont)
| 2025 | 2024 | ||||||
|---|---|---|---|---|---|---|---|
| Q3 | Q2 | Q1 | Q4 | Q3 | Q2 | Q1 | |
| GROWTH (Year-Over-Year) | |||||||
| Order intake*, total % | -2.8% | -3.9% | 15.9% | 8.3% | -5.1% | 0.4% | -7.5% |
| Order intake*, organic % | 4.1% | 3.8% | 15.7% | 7.7% | -1.8% | -0.2% | -7.1% |
| Order intake*, acquisitions % | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Revenue, total % | -4.8% | -0.8% | -0.2% | -1.2% | 0.7% | 1.2% | -0.5% |
| Revenue, organic % | 1.1% | 6.6% | -0.4% | -1.8% | 4.1% | 0.7% | -0.4% |
| Revenue, acquisitions % | 0.7% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| FINANCIAL RATIOS | |||||||
| Gross margin % | 38.3% | 41.7% | 42.1% | 39.5% | 40.0% | 40.9% | 40.2% |
| EBITDA margin* % | 17.9% | 21.4% | 22.4% | 20.8% | 21.3% | 20.3% | 19.4% |
| EBITA margin* % | 14.9% | 18.0% | 18.9% | 17.4% | 17.7% | 16.4% | 16.2% |
| Operating expenses % of revenue | 25.6% | 25.6% | 25.2% | 25.0% | 25.1% | 27.3% | 27.1% |
| Depreciation and amortisation % of revenue | 5.2% | 5.3% | 5.6% | 6.2% | 6.4% | 6.6% | 6.4% |
| Investments % of revenue | 1.0% | 1.7% | 2.7% | 3.1% | 0.7% | 1.7% | 1.1% |
| Equity ratio* % | 53.2% | 52.8% | 53.6% | 53.1% | 51.6% | 50.6% | 51.7% |
| Return on equity* % | 9.6% | 10.0% | 9.2% | 8.2% | 7.6% | 7.4% | 7.3% |
| Return on capital employed* % | 10.6% | 11.0% | 10.4% | 9.7% | 9.1% | 8.9% | 8.8% |
| Return on capital employed, excluding goodwill* % | 25.9% | 26.8% | 25.4% | 23.6% | 21.7% | 21.0% | 20.5% |
| Net debt/EBITDA, ratio* | 1.79 | 1.74 | 1.58 | 1.79 | 2.12 | 2.29 | 2.25 |
| Interest coverage ratio*, times | 5.8 | 7.7 | 6.8 | 5.6 | 4.3 | 3.5 | 3.4 |
| SHARE RATIOS (SEK) | |||||||
| Basic average shares outstanding, thousands | 105,831 | 105,831 | 105,831 | 105,831 | 105,831 | 105,831 | 105,831 |
| Diluted average shares outstanding, thousands | 106,409 | 106,409 | 106,393 | 106,300 | 106,249 | 106,228 | 106,089 |
| Dividend per share | - | 3.00 | - | - | - | 2.50 | - |
| Earnings per share, before dilution, SEK | 1.25 | 1.74 | 1.74 | 1.83 | 1.46 | 1.35 | 1.24 |
| Earnings per share, after dilution, SEK | 1.24 | 1.73 | 1.73 | 1.83 | 1.46 | 1.34 | 1.24 |
| Earnings per share adj*, before dilution, SEK | 1.78 | 1.98 | 1.79 | 2.21 | 1.79 | 1.78 | 1.66 |
| Earnings per share adj*, after dilution, SEK | 1.77 | 1.97 | 1.78 | 2.20 | 1.79 | 1.77 | 1.66 |
| Equity per share* | 68.60 | 67.95 | 69.11 | 70.65 | 66.85 | 66.58 | 68.32 |
| Cash flow per share* | 0.32 | -1.46 | 1.14 | 2.51 | 0.57 | 0.35 | -0.34 |
| OTHER | |||||||
| Number of Employees - Full Time Equivalent | 2,993 | 2,956 | 2,928 | 2,956 | 2,968 | 2,959 | 2,954 |
*Alternative performance measure, see Definitions
Historical quarterly data 2023 – 2025
| 2025 | 2024 | 2023 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Amounts in MSEK | Q3 | Q2 | Q1 | Q4 | Q3 | Q2 | Q1 | Q4 | Q3 | Q2 | Q1 |
| Order Intake* | |||||||||||
| Facade Access | 379 | 451 | 496 | 480 | 453 | 364 | 423 | 512 | 376 | 433 | 493 |
| Construction | 361 | 327 | 490 | 468 | 350 | 454 | 484 | 319 | 489 | 476 | 469 |
| Height Safety & Productivity Solutions | 305 | 316 | 382 | 336 | 312 | 352 | 336 | 357 | 351 | 350 | 350 |
| Industrial | 356 | 481 | 432 | 436 | 342 | 442 | 328 | 384 | 328 | 373 | 372 |
| Wind | 157 | 158 | 217 | 132 | 161 | 202 | 175 | 141 | 152 | 187 | 208 |
| Interdivision elimination | -10 | -14 | -12 | -16 | -26 | -24 | -18 | -18 | -18 | -37 | -21 |
| Total | 1,547 1,720 | 2,005 | 1,837 | 1,592 | 1,789 | 1,729 | 1,696 | 1,678 | 1,782 | 1,870 | |
| Revenue | |||||||||||
| Facade Access | 491 | 500 | 482 | 526 | 479 | 496 | 485 | 505 | 507 | 495 | 485 |
| Construction | 333 | 407 | 413 | 401 | 427 | 426 | 371 | 440 | 440 | 402 | 467 |
| Height Safety & Productivity Solutions | 310 | 321 | 349 | 317 | 335 | 354 | 354 | 349 | 326 | 373 | 362 |
| Industrial | 376 | 399 | 354 | 422 | 354 | 362 | 397 | 404 | 331 | 339 | 311 |
| Wind | 160 | 179 | 153 | 166 | 180 | 194 | 153 | 166 | 169 | 188 | 151 |
| Interdivision elimination | -11 | -15 | -18 | -14 | -34 | -27 | -24 | -26 | -42 | -13 | -32 |
| Total | 1,658 1,791 | 1,732 | 1,817 | 1,742 | 1,806 | 1,736 | 1,838 | 1,730 | 1,784 | 1,745 | |
| EBITA* | |||||||||||
| Facade Access | 64 | 56 | 46 | 82 | 55 | 50 | 46 | 30 | 40 | 26 | 29 |
| Construction | 44 | 68 | 66 | 44 | 74 | 71 | 39 | 76 | 82 | 71 | 86 |
| Height Safety & Productivity Solutions | 57 | 55 | 70 | 56 | 64 | 69 | 61 | 64 | 51 | 79 | 75 |
| Industrial | 92 | 105 | 90 | 108 | 81 | 82 | 106 | 95 | 73 | 81 | 74 |
| Wind | 30 | 38 | 28 | 29 | 35 | 39 | 30 | 25 | 33 | 38 | 25 |
| Items affecting comparability | -41 | - | 28 | -6 | -2 | -11 | -4 | -31 | 34 | -6 | -3 |
| Total | 246 | 322 | 328 | 314 | 308 | 296 | 281 | 258 | 312 | 288 | 286 |
| EBIT | |||||||||||
| Facade Access | 54 | 47 | 36 | 60 | 35 | 28 | 22 | 8 | 18 | 7 | 18 |
| Construction | 38 | 62 | 60 | 38 | 68 | 64 | 32 | 69 | 75 | 63 | 80 |
| Height Safety & Productivity Solutions | 39 | 37 | 51 | 36 | 44 | 49 | 42 | 46 | 31 | 58 | 61 |
| Industrial | 92 | 105 | 89 | 108 | 81 | 82 | 105 | 94 | 72 | 81 | 73 |
| Wind | 29 | 37 | 27 | 28 | 34 | 37 | 27 | 18 | 26 | 32 | 19 |
| Items affecting comparability* | -41 | - | 28 | -6 | -2 | -11 | -4 | -31 | 34 | -4 | -3 |
| Total | 211 | 288 | 292 | 263 | 260 | 247 | 228 | 205 | 256 | 236 | 248 |
*Alternative performance measure, see Definitions
Alternative performance measures Bridge
EBITA*, EBITDA* and EBITA adj*
| Q3 2025 | Q3 2024 | Jan-Sep 2025 | Jan-Sep 2024 |
|---|---|---|---|
| 211 | 260 | 790 | 734 |
| 36 | 48 | 106 | 150 |
| 246 | 308 | 896 | 885 |
| 50 | 63 | 172 | 191 |
| 297 | 371 | 1,068 | 1,076 |
| 246 | 308 | 896 | 885 |
| 41 | 2 | 13 | 17 |
| 287 | 310 | 909 | 902 |
Earnings per share adjusted*
| In MSEK | Q3 2025 | Q3 2024 | Jan-Sep 2025 | Jan-Sep 2024 |
|---|---|---|---|---|
| Net profit | 133 | 155 | 501 | 429 |
| Add back: | ||||
| Items affecting comparability | 41 | 2 | 13 | 17 |
| Acquisition related amortisation | 33 | 45 | 101 | 147 |
| Tax effect | -19 | -12 | -29 | -38 |
| Net profit adj. | 187 | 190 | 585 | 556 |
| Basic average shares outstanding, thousands | 105,831 | 105,831 | 105,831 | 105,831 |
| Diluted average shares outstanding, thousands | 106,409 | 106,249 | 106,404 | 106,189 |
| Earnings per share adj*, before dilution, SEK | 1.78 | 1.79 | 5.53 | 5.24 |
| Earnings per share adj*, after dilution, SEK | 1.77 | 1.79 | 5.48 | 5.23 |
Net debt* and Capital Employed*
| In MSEK | 30 Sep 2025 | 30 Sep 2024 | 31 Dec 2024 |
|---|---|---|---|
| Non-current interest bearing debts | 3,305 | 3,491 | 3,430 |
| Current interest bearing debts | 1 | 7 | 0 |
| Non-current lease liability | 206 | 189 | 197 |
| Current lease liability | 130 | 111 | 113 |
| Deduct: | |||
| Long term interest bearing receivables | 0 | 0 | 0 |
| Short term interest bearing receivables | 32 | 29 | 45 |
| Cash and cash equivalents | 1,023 | 805 | 1,095 |
| Net debt* | 2,585 | 2,963 | 2,599 |
| Add: | |||
| Shareholders equity | 7,260 | 7,191 | 7,600 |
| Capital Employed* | 9,845 | 10,153 | 10,199 |
*Alternative performance measure, see Definitions
Parent company condensed income statement
| Amounts in MSEK | Q3 2025 | Q3 2024 | Jan-Sep 2025 | Jan-Sep 2024 |
|---|---|---|---|---|
| Revenue | 3 | 2 | 11 | 7 |
| Operating expenses | -11 | -7 | -37 | -21 |
| Operating profit/loss (EBIT) | -8 | -5 | -26 | -14 |
| Financial Net | 0 | 7 | 9 | 40 |
| Profit/loss before tax (EBT) | -8 | 2 | -18 | 26 |
| Income tax | 1 | 0 | 4 | -3 |
| Result for the period | -7 | 2 | -14 | 23 |
| Total comprehensive income | -7 | 2 | -14 | 23 |
Parent company condensed balance sheet
| Amounts in MSEK | 30 Sep 2025 | 30 Sep 2024 | 31 Dec 2024 |
|---|---|---|---|
| Non-current assets | |||
| Shares in group companies | 5,199 | 5,198 | 5,198 |
| Non-current receivables from group companies | 3,317 | 3,390 | 3,446 |
| Other non-current assets | 36 | 43 | 41 |
| Total non-current assets | 8,551 | 8,632 | 8,686 |
| Current assets | |||
| Receivables from group companies | 17 | 618 | 287 |
| Other short term receivables | 23 | 19 | 28 |
| Cash and cash equivalents | 318 | 116 | 398 |
| Total current assets | 358 | 754 | 714 |
| TOTAL ASSETS | 8,909 | 9,386 | 9,399 |
| EQUITY AND LIABILITIES | |||
| Restricted Equity | 202 | 202 | 202 |
| Unrestricted Equity | 5,234 | 5,587 | 5,567 |
| Untaxed reserves | 104 | 101 | 104 |
| Non-current liabilities, interest bearing | 3,317 | 3,440 | 3,446 |
| Liabilities to group companies | 4 | 0 | 18 |
| Other current liabilities | 48 | 55 | 63 |
| TOTAL EQUITY AND LIABILITIES | 8,909 | 9,386 | 9,399 |
Alimak Group AB 22
Interim Report Q3 January – September 2025
Notes
NOTE 1. ACCOUNTING POLICIES
This interim report was prepared in accordance with IAS 34, Interim Financial Reporting. The same accounting and valuation policies were applied as in the most recent annual report except for new and revised standards and interpretations effective from 1 January 2025. Non-IFRS measures are also presented in the report since they are considered to be important supplemental measures of the Alimak Group's performance. The definition of these can be found on page 28 of this report and a bridge from IFRS measures into non-IFRS measures is found on page 20 of this report.
Alimak Group AB is the Parent Company of Alimak Group. The Interim Report for the parent company has been prepared in accordance with the Annual Accounts Act and with the standard RFR 2 Accounting for Legal Entities, issued by the Swedish Corporate Reporting Board. The same accounting policies and calculation methods are applied in the interim financial statements as in the most recent Annual Report.
A detailed description of the Group's risks and uncertainties can be found in the Annual Report. There are no significant changes in risks since the Annual Report for 2024 was published on 21 March 2025.
All items are stated in MSEK without decimals and, therefore, rounding differences can occur.
NOTE 2. REVENUE SPLIT
| Regions EMEA 773 868 2,474 APAC 390 315 1,082 Americas 495 560 1,626 Total 1,658 1,742 5,182 Equipment Facade Access 285 286 882 Construction 181 271 703 Height Safety & Productivity Solutions 269 310 847 Industrial 164 156 477 Wind 104 122 308 Interdivision elimination -9 -23 -35 Total Equipment 994 1,122 3,182 Service Facade Access 205 193 590 Construction 152 157 450 Height Safety & Productivity Solutions 41 25 134 Industrial 211 198 652 Wind 56 58 183 Interdivision elimination -2 -11 -9 Total Service 663 621 2,000 Total 1,658 1,742 5,182 Over time Facade Access 285 286 882 Construction 68 81 204 Height Safety & Productivity Solutions - - - Industrial 29 35 53 Wind - - - Total over time 382 401 1,139 Point in time Facade Access 205 193 590 Construction 265 347 948 Height Safety & Productivity Solutions 310 335 981 Industrial 346 320 1,076 Wind 160 180 491 -11 -34 Interdivision elimination -44 Total point in time 1,276 1,341 4,042 Total 1,658 1,742 5,182 |
Amounts in MSEK | Q3 2025 | Q3 2024 | Jan-Sep 2025 | Jan-Sep 2024 |
|---|---|---|---|---|---|
| 2,618 | |||||
| 927 | |||||
| 1,738 | |||||
| 5,283 | |||||
| 890 | |||||
| 766 | |||||
| 918 | |||||
| 495 | |||||
| 362 | |||||
| -57 | |||||
| 3,375 | |||||
| 570 | |||||
| 459 | |||||
| 124 | |||||
| 618 | |||||
| 165 | |||||
| -28 | |||||
| 1,908 | |||||
| 5,283 | |||||
| 890 | |||||
| 240 | |||||
| - | |||||
| 82 | |||||
| - | |||||
| 1,212 | |||||
| 570 | |||||
| 985 | |||||
| 1,043 | |||||
| 1,031 | |||||
| 527 | |||||
| -85 | |||||
| 4,071 | |||||
| 5,283 |
NOTE 3. SEGMENT REPORTING
| Q3 2025 | |||||||
|---|---|---|---|---|---|---|---|
| Amounts in MSEK | Facade Access |
Construction | HS&PS | Industrial | Wind | Elimination and Other | Total, Group |
| Revenue, External | 490 | 333 | 300 | 376 | 160 | - | 1,658 |
| Revenue, Inter-Division | 1 | 0 | 10 | 0 | 0 | -11 | - |
| Total revenue | 491 | 333 | 310 | 376 | 160 | -11 | 1,658 |
| EBITA* | 64 | 44 | 57 | 92 | 30 | -41 | 246 |
| EBITA* % | 13.0% | 13.3% | 18.5% | 24.5% | 18.6% | - | 14.9% |
| Amortisation | -10 | -6 | -19 | 0 | -1 | 0 | -36 |
| Operating profit (EBIT) | 54 | 38 | 39 | 92 | 29 | -41 | 211 |
| Financial Net | - | - | - | - | - | -34 | -34 |
| Profit before Tax (EBT) | 54 | 38 | 39 | 92 | 29 | -75 | 176 |
| Trade receivables | 428 | 183 | 232 | 269 | 121 | 0 | 1,234 |
| Inventories & Contract Assets | 411 | 490 | 355 | 252 | 89 | 0 | 1,596 |
| Trade payables | -103 | -92 | -59 | -62 | -32 | -5 | -352 |
| Other receivables/liabilities | -396 | -70 | -64 | -112 | -34 | 25 | -652 |
| Working capital | 339 | 511 | 463 | 348 | 144 | 20 | 1,826 |
| Investments | 2 | 8 | 2 | 2 | 1 | 0 | 17 |
Q3 2024
| Amounts in MSEK | Facade Access |
Construction | HS&PS | Industrial | Wind | Elimination and Other | Total, Group |
|---|---|---|---|---|---|---|---|
| Revenue, External | 476 | 422 | 309 | 354 | 180 | - | 1,742 |
| Revenue, Inter-Division | 3 | 5 | 26 | 0 | - | -34 | - |
| Total revenue | 479 | 427 | 335 | 354 | 180 | -34 | 1,742 |
| EBITA* | 55 | 74 | 64 | 81 | 35 | -2 | 308 |
| EBITA* % | 11.5% | 17.4% | 19.2% | 23.0% | 19.4% | - | 17.7% |
| Amortisation | -20 | -7 | -20 | -1 | -1 | - | -48 |
| Operating profit (EBIT) | 35 | 68 | 44 | 81 | 34 | -2 | 260 |
| Financial Net | - | - | - | - | - | -61 | -61 |
| Profit before Tax (EBT) | 35 | 68 | 44 | 81 | 34 | -62 | 200 |
| Trade receivables | 404 | 298 | 242 | 234 | 154 | - | 1,332 |
| Inventories & Contract Assets | 485 | 492 | 302 | 246 | 107 | 0 | 1,632 |
| Trade payables | -152 | -91 | -60 | -67 | -52 | 0 | -421 |
| Other receivables/liabilities | -635 | -88 | 7 | -86 | -22 | 0 | -825 |
| Working capital | 102 | 611 | 491 | 327 | 188 | 0 | 1,718 |
| Investments | 2 | 7 | 2 | 1 | 1 | 0 | 13 |
| *** | D C |
*Alternative performance measure, see Definitions
| Jan-Sep 2025 | |||||||
|---|---|---|---|---|---|---|---|
| Amounts in MSEK | Facade Access |
Construction | HS&PS | Industrial | Wind | Elimination and Other | Total, Group |
| Revenue, External | 1,466 | 1,151 | 945 | 1,129 | 491 | 0 | 5,182 |
| Revenue, Inter-Division | 6 | 2 | 35 | 0 | 1 | -44 | - |
| Total revenue | 1,472 | 1,152 | 981 | 1,129 | 491 | -44 | 5,182 |
| EBITA* | 166 | 179 | 182 | 287 | 96 | -13 | 896 |
| EBITA* % | 11.3% | 15.5% | 18.6% | 25.4% | 19.5% | - | 17.3% |
| Amortisation | -29 | -18 | -56 | -1 | -3 | 0 | -106 |
| Operating profit (EBIT) | 137 | 161 | 127 | 286 | 93 | -13 | 790 |
| Financial Net | - | - | - | - | - | -119 | -119 |
| Profit before Tax (EBT) | 137 | 161 | 127 | 286 | 93 | -132 | 671 |
| Trade receivables | 428 | 183 | 232 | 269 | 121 | 0 | 1,234 |
| Inventories & Contract Assets | 411 | 490 | 355 | 252 | 89 | 0 | 1,596 |
| Trade payables | -103 | -92 | -59 | -62 | -32 | -5 | -352 |
| Other receivables/liabilities | -396 | -70 | -64 | -112 | -34 | 25 | -652 |
| Working capital | 339 | 511 | 463 | 348 | 144 | 20 | 1,826 |
| Investments | 9 | 64 | 9 | 9 | 3 | - | 94 |
| J | an-Sep 2024 | ||||||
|---|---|---|---|---|---|---|---|
| Amounts in MSEK | Facade Access |
Construction | HS&PS | Industrial | Wind | Elimination and Other | Total, Group |
| Revenue, External | 1,453 | 1,214 | 975 | 1,113 | 527 | - | 5,283 |
| Revenue, Inter-Division | 7 | 10 | 68 | 0 | 0 | -85 | - |
| Total revenue | 1,460 | 1,225 | 1,043 | 1,113 | 527 | -85 | 5,283 |
| EBITA* | 150 | 184 | 195 | 269 | 104 | -17 | 885 |
| EBITA* % | 10.3% | 15.0% | 18.7% | 24.2% | 19.7% | - | 16.7% |
| Amortisation | -65 | -20 | -59 | -2 | -5 | - | -150 |
| Operating profit (EBIT) | 86 | 164 | 136 | 267 | 99 | -17 | 734 |
| Financial Net | - | - | - | - | - | -172 | -172 |
| Profit before Tax (EBT) | 86 | 164 | 136 | 267 | 99 | -189 | 563 |
| Trade receivables | 404 | 298 | 242 | 234 | 154 | 0 | 1,332 |
| Inventories & Contract Assets | 485 | 492 | 302 | 246 | 107 | 0 | 1,632 |
| Trade payables | -152 | -91 | -60 | -67 | -52 | 0 | -421 |
| Other receivables/liabilities | -634 | -88 | 5 | -86 | -22 | 0 | -825 |
| Working capital | 104 | 611 | 489 | 327 | 188 | 0 | 1,718 |
| Investments | 7 | 38 | 7 | 3 | 4 | 4 | 62 |
*Alternative performance measure, see Definitions
NOTE 4. FINANCIAL INSTRUMENTS
| Amounts in MSEK | То | tal carrying amo | unt |
|---|---|---|---|
| AITIOURIS III WISEK | 30 Sep 2025 | 30 Sep 2024 | 31 Dec 2024 |
| FINANCIAL ASSETS | |||
| Derivative financial instruments | 12 | 6 | 4 |
| Other financial receivables | 1,580 | 1,691 | 1,709 |
| Cash and cash equivalents | 1,023 | 805 | 1,095 |
| Total | 2,615 | 2,502 | 2,807 |
| FINANCIAL LIABILITIES | |||
| Derivative financial instruments | 4 | 6 | 8 |
| Interest bearing debts | 3,306 | 3,498 | 3,430 |
| Other financial liabilities | 1,095 | 1,207 | 1,229 |
| Total | 4,404 | 4,710 | 4,667 |
The interest rates on interest-bearing liabilities are in line with market terms at September 30, 2025, and the fair value at the end of the reporting period therefore in all material aspects corresponds to the carrying amount.
| FINANCIAL ASSETS AND LIABILITIES AT FAIR VALUE | |||||||
|---|---|---|---|---|---|---|---|
| 30 Sep 2025 | Level 2 | Level 3 | |||||
| Financial assets | |||||||
| Other financial receivables | - | 11 | |||||
| Currency derivatives | 12 | - | |||||
| Total | 12 | 11 | |||||
| Financial liabilities | |||||||
| Currency derivatives | 4 | - | |||||
| Total | 4 | - | |||||
| 30 Sep 2024 | Level 2 | Level 3 | |||||
| Financial assets | |||||||
| Currency derivatives | 6 | - | |||||
| Total | 6 | - | |||||
| Financial liabilities | |||||||
| Currency derivatives | 6 | - | |||||
| Other short term liabilities | - | 28 | |||||
| Total | 6 | 28 | |||||
Level 1 - quoted prices in active markets for identical financial instruments
Level 2 - inputs other than quoted prices included in level 1 that are observable for the financial instrument, either directly (i.e., as prices) or indirectly (i.e., derived from prices)
Level 3 – inputs for the financial instrument that are not based on observable market data (unobservable inputs)
Currency derivatives are valued at fair value by discounting the difference between the contracted forward rate and the rate that can be subscribed for on the balance sheet date for the remaining contract term.
The item Other financial receivables is related to investment in financial instruments and was calculated according to fair value.
The financial liability for the Tall Crane earnout was paid in the first quarter of 2025.
There were no transfers between Level 2 and Level 3 fair value measurements during the period.
NOTE 5. ACQUISITIONS
Alimak Group acquired one division of Century Elevators Inc. on 31 July, 2025. The acquired division sells and services permanent industrial rack-and-pinion elevators and is a part of the Alimak Group Industrial division. The acquisition offers several strategic advantages, including a strengthened market position in both the US and Canada through the distribution of high-quality industrial elevators and a robust service presence. Additionally, the transaction brings on board a team of highly skilled professionals, further enhancing the Group's expertise. The assumed Goodwill arising from the acquisition is attributable to future customers, market position and assembled workforce.
The annual revenue of the acquired business in 2024 amounted to MSEK 102 (MUSD 9.7) and consists of 10 employees. The purchase price was MSEK 99 (MUSD 10.5), subject to changes based on the net working capital assumed. Acquisition-related costs of MSEK 1 were recorded as an operating expense in the Condensed Consolidated Statement of Comprehensive Income. The net sales, contributed by the acquired business combination included in the Condensed Consolidated Statement of Comprehensive Income, since the acquisition date amounted to MSEK 12. The business also contributed with a positive operating income during this period.
Alimak Group AB 27
Interim Report Q3 January – September 2025
NOTE 6. ASSETS PLEDGED AND CONTINGENT LIABILITIES
As of 30 September 2025, the maximum potential future payments Alimak Group could be required to make under issued financial guarantees totalled MSEK 578 (30 September 2024, MSEK 694) of which MSEK 577 (30 September 2024, MSEK 693) refers to indemnity bonds for commitments to customers. Assets pledged totalled MSEK 39 (30 September 2024, MSEK 41).
Interim Report Q3 January – September 2025
DEFINITIONS
Alimak Group presents certain financial measures that are not defined in the interim report in accordance with IFRS. Alimak Group believes that these measures provide useful supplemental information to investors and the company's management when they allow evaluation of trends and the company's performance. As not all companies calculate the financial measures in the same way, these are not always comparable to measures used by other companies. These financial measures should not be seen as a substitute for measures defined under IFRS.
Rolling 12-month (R12M)
Numbers for the last 12 months measured backwards from the reporting period.
Average number of shares
Weighted average number of shares outstanding during the period, plus potential additional shares.
Earnings per share
Earnings after tax in relation to the average number of shares basic and diluted in accordance with IAS33.
EBITA
Operating profit before amortisation of intangible assets.
EBITA adj
Operating profit before amortisation of intangible assets. Items affecting comparability are added back.
EBITA adj %
EBITA adj in relation to net revenue.
EBITDA
Operating profit before depreciation and amortisation of property, plant and equipment and intangible assets.
Equity/assets ratio
Shareholders' equity as a percentage of total assets.
Equity per share
Shareholders' equity in relation to the number of basic shares outstanding at the end of the period.
Net debt
Interest bearing liabilities minus cash and cash equivalents.
Interest coverage ratio
EBIT in relation to interest expenses.
Items affecting comparability (IAC)
Items of a non-recurring character such as acquisition-related costs, restructuring costs and other items that have a major impact on the financial statements and are of significance to an understanding of the earnings trend. Adjusting for items affecting comparability between periods provides a better understanding of the company's underlying operating activities.
Net Profit adj
Net profit excluding items affecting comparability and acquisition related amortisation, net of tax.
Earnings per share adj
Net profit excluding items affecting comparability and acquisition related amortisation, net of tax, in relation to the average number of shares before dilution in accordance with IAS33.
Net debt/EBITDA ratio
Interest-bearing liabilities net (excluding shareholder loans) and assets, plus cash and cash equivalents.
Net debt/equity ratio
Net debt in relation to shareholders' equity.
Organic growth
Growth adjusted for acquisitions/divestments and currency effects.
Operating margin (EBIT %)
Operating profit (EBIT), as a percentage of revenue during the period.
Operating profit (EBIT)
Profit before financial items and tax.
Order intake
All orders where contracts have been signed and confirmed during the relevant accounting period. Order intake generally cannot be used to accurately predict future revenues or operating performance. Orders can be cancelled, delayed or modified by the customer. Cancelled orders affect the reported order intake if cancellation takes place during the year in which the order was booked.
Return on capital employed
Operating profit (EBIT), rolling 12-month amount, as a percentage of average capital employed. Capital employed is the sum of net debt plus shareholders' equity plus shareholder loans. Average capital employed is calculated as the average of the balances at 1 October, 31 December, 31 March, 30 June and 30 September.
Return on equity
Profit after tax for the period, rolling 12-month amount, as a percentage of the average shareholders' equity excluding non controlling interest shares
FINANCIAL CALENDAR
- ⎯ A Capital Markets Day will be arranged on 25 November 2025
- ⎯ The Interim Report for the fourth quarter of 2025 will be published on 10 February 2026
- ⎯ The Annual and Sustainability Report 2025 will be published on 17 March 2026
- ⎯ The Interim Report for the first quarter of 2026 will be published on 28 April 2026
- ⎯ The Annual General Meeting will be held on 30 April 2026
- ⎯ The Interim Report for the second quarter of 2026 will be published on 17 July 2026
- ⎯ The Interim Report for the third quarter of 2026 will be published on 23 October 2026
Alimak Group's financial calendar is available athttps://corporate.alimakgroup.com/en/investors/
TELEPHONE CONFERENCE/PRESENTATION
A conference for investors, analysts and financial media will be held at 10.00 CEST on 23 October. CEO Ole Kristian Jødahl and CFO Sylvain Grange will present and comment on the report. The presentation, held in English, can also be followed via webcast.
If you wish to participate via webcast, please use the link below. Via the webcast you will be able to ask written questions.
https://events.inderes.com/alimak-group/q3-report-2025
If you wish to participate via teleconference, please register on the link below. After registration you will be provided with phone numbers and a conference ID to access the conference. You can ask questions verbally via the teleconference.
https://events.inderes.com/alimak-group/q3-report-2025/dial-in
For further information, please contact:
Sylvain Grange, CFO
Email: [email protected] or [email protected]
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 23 October 2025.
About Alimak Group
Alimak Group is a global provider of sustainable vertical access and working at height solutions, listed on Nasdaq Stockholm. With presence in more than 120 countries, the Group develops, manufactures, sells and services vertical access and working at height solutions with focus on adding customer value through enhanced safety, higher productivity and improved cost efficiency. The Group has a large installed base of elevators, service lifts, temporary and permanent hoists and platforms and building maintenance units around the world. The solutions portfolio also comprises of height safety protective equipment, load measurement & control, lifting & handling, and a global after-sales business model, with recurring revenue from spare parts and services such as inspection, certification, maintenance, refurbishments, replacements and training. Founded in Sweden 1948, the Group has its headquarters in Stockholm, 26 production and assembly facilities in 15 countries and approximately 3,000 employees.
https://corporate.alimakgroup.com/en/
