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Alimak Group: Interim report January – March 2022

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Focus on profitable growth

  • Continued profit improvement driven by revenue growth and improved gross margin
  • Continued strong order growth in Services
  • Organic revenue growth of 3% for the Group despite impacts from exiting of tower internals
  • Full speed to execute on phase three of the New Heights Programme, profitable growth

First quarter 2022

  • Order intake decreased by 2% to MSEK 1,053 (1,073) with an organic decrease of 9%
  • Service order intake increased 7% organically excluding Rental
  • Revenue increased by 11% to MSEK 936 (846) with an organic increase of 3%. Growth in three out of four divisions, Wind lower due to a challenging Chinese market and exit from tower internals
  • EBITA increased to MSEK 107 (95), margin 11.5% (11.2)
  • Earnings per share, basic and diluted, increased to SEK 1.30 (1.15)
  • Timing of shipments, project payment milestones and planned inventory build-up impacted cash flow from operations negatively, which amounted to MSEK 36 (112)
  • Strong financial position with a net debt/EBITDA of 0.56 (1.29)

Telephone conference / Presentation

A telephone conference for investors, analysts and financial media will be held at 10.00 CET on Wednesday, April 27, 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

Link to audiocast:
https://streams.eventcdn.net/alimak/q12022/

For more information, please contact:
Chief Financial Officer Thomas Hendel, thomas.hendel@alimakgroup.com or
Head of Corporate Communications Charlotte Holmbergh, charlotte.holmbergh@alimakgroup.com

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 CET on April 27, 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 

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