Alimak Group: Interim report January – June 2019

Solid Group performance, mixed outcomes within the business areas

  • Order intake decrease mainly stemming from weak development in Construction Equipment. Another all-time high of orders in a quarter for After Sales
  • Strong revenue growth in Construction Equipment compensates slight decrease in Industrial Equipment
  • Margin improvement both year-over-year and sequentially for the Group, EPS increase of 37%

Second quarter

  • Order intake decreased by 3% to MSEK 1,150 (1,182) with an organic decrease of 7%
  • Revenue grew by 7% to MSEK 1,193 (1,112) with an organic increase of 3%
  • EBITA adj. increased to MSEK 172 (149), margin 14.4% (13.4)
  • Result for the period increased to MSEK 108 (79)
  • Earnings per share amounted to SEK 2.00 (1.46)
  • Cash flow from operations amounted to MSEK 106 (-14)

January – June

  • Order intake decreased by 2% to MSEK 2,251 (2,303) with an organic decrease of 7%
  • Revenue grew by 14% to MSEK 2,360 (2,071) with an organic increase of 8%
  • EBITA adj. increased to MSEK 325 (260), margin 13.8% (12.6)
  • Result for the period amounted to MSEK 207 (132)
  • Earnings per share amounted to SEK 3.82 (2.43)
  • Cash flow from operations amounted to MSEK 142 (-21)
  • Leverage at June 30, 2019 was 1.90 (2.16 as of June 30, 2018 and 1.55 as of December 31, 2018)

Telephone conference/Presentation
A telephone conference will be held on Wednesday August 21st 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/201908H1/

For further information, please contact:
Mathilda Eriksson, Investor Relations and Group Communications 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 on 21 August 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