Alimak Group: Interim report January – June 2022
Strong order intake and profitable growth
- Strong order intake driven by Facade Access, Construction and Industrial
- Group revenue increased by 13% and by 2% organically
- Group EBITA increased by 12%
- Initiatives to accelerate growth continue to gain traction
Second quarter 2022
– Order intake increased by 37% to MSEK 1,249 (915) with an organic increase of 24%
– Strong growth in order intake in Facade Access of 78%, Construction of 27% and in Industrial of 35%
– Equipment orders in the Group increased 56% with an organic increase of 44%
– Revenue increased by 13% to MSEK 1,078 (951) with an organic increase of 2%. Revenue grew in three out of four divisions.
– EBITA increased to MSEK 141 (126), margin 13.1% (13.2)
– Earnings per share, basic and diluted, increased to SEK 1.82 (1.45)
– Cash flow from operations was MSEK 37 (151) impacted by increased trade receivables and timing issues related to project payments
January – June 2022
– Order intake increased by 16% to MSEK 2,302 (1,988) with an organic increase of 6%
– Strong organic order intake growth in Facade Access and in Industrial, an increase of 15% and 26% respectively
– Revenue increased by 12% to MSEK 2,014 (1,797) with an organic growth of 3%. Service revenue organic growth increased by 9%
– EBITA increased to MSEK 248 (221), margin 12.3% (12.3)
– Earnings per share, basic and diluted, increased to SEK 3.12 (2.60)
– Cash flow from operations was MSEK 73 (263) impacted by increased trade receivables, timing of project payment milestones, and planned inventory build-up
– Dividends of MSEK 176 (162) paid in May
Events after period end
– On July 18, Alimak Group entered into an agreement to acquire 100 % of the shares in Tall Crane Equipment Ltd, based in Canada
Telephone conference / Presentation
A telephone conference for investors, analysts and financial media will be held at 10.00 CET on Tuesday, July 19, 2022. President and CEO Ole Kristian Jødahl and Chief Financial Officer Thomas Hendel 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: +46 8 505 246 42
UK: +44 20 8610 3526
US: +1 (646) 307 1951
If needed, please state title of the call or conference ID 9546728
Link to audiocast:
https://streams.eventcdn.net/alimak/q22022
For more information, please contact:
Thomas Hendel, CFO, Alimak Group, +46 70 297 74 00
This information is information that Alimak Group AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 08.00 CET on July 19, 2022.
About Alimak Group
Alimak Group is a world-leading provider of vertical access solutions for professional use, listed on Nasdaq OMX Stockholm. 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, 10 production and assembly facilities in 8 countries and 2,030 employees around the world. www.alimakgroup.com