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Alimak Group: Interim report January – September 2021

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Continued profit improvements

  • Continued strong order intake in Construction and Industrial
  • Strong service growth, up 26% in the quarter
  • New Heights Programme delivering margin improvements in line with plan
  • Still challenges in Wind and BMU (Building Maintenance Units)

Third quarter

  • Order intake decreased by 2% to MSEK 872 (888) with an organic decrease of 3%
  • Strong organic order intake growth in Construction, up 14%, and in Industrial, up 19%
  • Revenue decreased by 1% to MSEK 902 (916) with an organic decrease of 5%
  • EBITA increased to MSEK 119 (67), margin 13.2% (7.3)
  • Result for the period increased to MSEK 74 (41)
  • Earnings per share, basic and diluted, increased to SEK 1.37 (0.75)
  • Cash flow from operations increased to MSEK 244 (206)

January – September

  • Order intake decreased by 2% to MSEK 2,860 (2,917) with an organic increase of 2%
  • Strong organic order intake growth in Construction, up 10%, and in Industrial, up 15%
  • Revenue decreased by 4% to MSEK 2,699 (2,807) with an organic growth in line with last year
  • EBITA increased to MSEK 339 (233), margin 12.6% (8.3)
  • Result for the period increased to MSEK 215 (133)
  • Earnings per share, basic and diluted, increased to SEK 3.97 (2.45)
  • Cash flow from operations was MSEK 507 (341)
  • Leverage (Net Debt/EBITDA) at September 30, 2021 was 0.82 (1.50 as of December 31, 2020)

Telephone conference / Presentation
A telephone conference for investors, analysts and financial media will be held at 09.00 CET on Thursday, October 21, 2021. Chief Executive Officer 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:
DK: +45 823 33 194
SE: +46 856 642 703
UK: +44 333 300 9032
US: +1 833 5268 381

Link to audiocast:
https://streams.eventcdn.net/alimak/january-september-2021/

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 October 21, 2021.


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 2,100 employees around the world. www.alimakgroup.com 

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