Interim report
Page 1
Alimak Group AB ALIG, SE0007158910 JANUARY – SEPTEMBER 2026 Interim report Order intake growth and resilient profitability ⎯ Order intake increased by 16% to MSEK 1,789 (1,547), an organic increase of 4% ⎯ Revenue increased by 8% to MSEK 1,783 (1,658), an organic decrease of 2% ⎯ Adjusted EBITA margin increased to 17.8% (17.3%) ⎯ Cash flow from operations was MSEK 196 (196), and Net debt/EBITDA was 2.82 (1.79) ⎯ Pro-Bel was consolidated from 16 July onwards THIRD QUARTER ⎯ Order intake increased by 16% (4% organic increase) to MSEK 1,789 (1,547), with organic growth in the Industrial, Wind, Construction and Height Safety and Productivity Solutions divisions, while the Facade Access division reported an organic decrease. ⎯ Revenue increased by 8% (2% organic decrease) to MSEK 1,783 (1,658), with organic growth in the Wind and Industrial divisions, while the Construction, Facade Access and Height Safety and Productivity Solutions divisions reported an organic decrease. ⎯ Adjusted EBITA amounted to MSEK 318 (287), an 11% increase (4% organic decrease). This corresponds to a margin of 17.8% (17.3%). Pro-Bel contributed 106 bps to the quarterly margin. ⎯ EBITA, as reported, amounted to MSEK 300 (246). Items Affecting Comparability totalled MSEK -18 (-41) primarily related to cost reduction and efficiency activities. ⎯ EBIT increased to MSEK 251 (211). ⎯ Basic earnings per share before dilution increased to SEK 1.42 (1.25). ⎯ Cash flow from operations was MSEK 196 (196). ⎯ Net debt/EBITDA was 2.82 (1.79). Including 12 months of Pro-Bel earnings, Net debt/EBITDA was 2.60. KEY FIGURES, GROUP Q3 2026 Q3 2025 ∆ Jan-Sep 2026 Jan-Sep 2025 ∆ Order intake*, MSEK 1,789 1,547 15.6% 5,318 5,272 0.9% Revenue, MSEK 1,783 1,658 7.5% 5,198 5,182 0.3% EBITA adj*, MSEK 318 287 10.7% 896 909 -1.4% EBITA adj*, margin, % 17.8% 17.3% 17.2% 17.5% EBITA*, MSEK 300 246 21.6% 876 896 -2.2% EBITA* margin, % 16.8% 14.9% 16.9% 17.3% EBIT, MSEK 251 211 19.2% 758 790 -4.1% EBIT margin, % 14.1% 12.7% 14.6% 15.2% Result for the period, MSEK 150 133 13.2% 464 501 -7.3% Earnings per share, before dilution, SEK 1.42 1.25 13.3% 4.38 4.73 -7.4% Earnings per share adj., before dilution*, SEK 1.88 1.78 5.4% 5.32 5.53 -3.8% Cash flow from operations, MSEK 196 196 0.0% 551 554 -0.5% Net debt/EBITDA*, ratio 2.82 1.79 58.2% 2.82 1.79 58.2% *Alternative performance measure, see Definitions Q3
Page 2
Alimak Group AB 2 Interim Report Q3 January – September 2026 Comments by the CEO The Group delivered solid order intake growth and improved profitability in the third quarter, despite continued challenging conditions in construction-related markets. Order intake increased by 16% to MSEK 1,789, corresponding to an organic increase of 4%. The integration of Pro -Bel progressed according to plan and contributed positively to both order intake and profitability during the quarter. The acquisition strengthens our position in attractive end - markets and supports our strategy of building a more di versified and profitable business. Revenue increased by 8% to MSEK 1,783, while organic revenue decreased by 2%, as strong organic growth in Wind and Industrial was offset by lower organic revenue in Construction, Facade Access and Height Safety & Productivity Solutions. Adjusted EBITA increased to MSEK 318, corresponding to a margin of 17.8% compared with 17.3% in the third quarter last year. Cash flow from operations was MSEK 196. To further strengthen profitability and adapt our cost base to current market conditions, we are implementing cost reduction and efficiency activities across the Group, while maintaining investments in strategic growth initiatives. These activities are exp ected to generate annual savings of approximately MSEK 80, with full impact from Q2 2027. Total implementation costs are expected to amount to approximately MSEK 40, of which MSEK 15 were recognised in the third quarter. Following the acquisition of Pro -Bel, net debt/EBITDA increased to 2.82x. Supported by the Group’s strong cash flow generation, leverage is expected to return below our target level of 2.5x by year - end. Building a stronger and more diversified business Facade Access delivered a significant improvement in profitability, with the EBITA margin increasing from 13.0% to 18.3%. The division continued to improve operational performance through stronger project execution and improved project profitability across the business. Pro-Bel contributed significantly to the margin expansion during the quarter, while also creating a more diversified and resilient business with greater exposure to low- and mid-rise segments. Industrial delivered a solid quarter. Demand remained good across several end markets and geographies, supported by mining, ports and power-related projects. At the same time, we continue to strengthen the division through new products and solutions that e xpand our addressable market. Construction remains our primary focus area for improvement, as results were again disappointing. We are taking decisive action to strengthen performance and profitability, while continuing to invest in attractive growth opportunities. On the positive side, the division reported order intake growth for the second consecutive quart er, driven by strategic growth initiatives and increasing activity in selected markets. Height Safety & Productivity Solutions delivered strong order intake growth, supported by continued demand from elevator customers and increasing activity in specialised applications. We continue to broaden the business through service expansion and produc t innovation, driving long-term growth. Wind delivered another good quarter and continues to benefit from its strong market position and close customer relationships. Increasing offshore activity, long-term electrification trends and continued focus on execution provide attractive opportunities. Looking ahead The market environment remains challenging in construction -related markets. Our strategic direction, however, remains clear. Across the Group, we continue to invest in initiatives that support growth and expand our addressable markets at the same time as we are taking decisive actions to strengthen performance and profitability. With positive order intake momentum, a more diversified business and a solid financial position, we are well positioned to continue executing on our strategy and create long -term value. 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 0 300 600 900 1,200 1,500 1,800 2,100 2,400 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026 Order intake & revenue Order intake Revenue Order intake R-12 Revenue R-12 MSEK MSEK 0 2 4 6 8 10 12 14 16 18 20 0 60 120 180 240 300 360 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026 EBITA adj & EBITA adj % EBITA adj. EBITA adj. % EBITA adj. R-12 % %MSEK Ole Kristian Jødahl, President and CEO