Alimak Group: Interim report January – March 2019

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Double-digit growth and improved earnings

  • Strong revenue growth in all business areas
  • EBITA margin adj. at 13.2% (11.6%) following increases in Industrial and Construction Equipment
  • New acquisition makes way for strong vertical access IoT offering

First quarter

  • Order intake decreased by 2% to MSEK 1,101 (1,121) with an organic decrease of 8%
  • Revenue grew by 22% to MSEK 1,167 (960) with an organic increase of 13%
  • EBITA adj. increased to MSEK 153 (111), margin 13.2% (11.6%)
  • Result for the period amounted to MSEK 98 (53)
  • Earnings per share was SEK 1.82 (0.97)
  • Cash flow from operations amounted to MSEK 36 (-7)
  • Leverage at March 31, 2019 was 1.94 (1.71 as of March 31, 2018 and 1.55 as of December 31, 2018)

A telephone conference will be held on Friday April 26th 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

For further 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 26 April 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.