Alimak Group: Interim Report January – December 2021
Delivering margin improvements
- Significant profit improvement and strong cash flow in line with New Heights Programme
- Solid quarter for Industrial, Construction and BMU
- Organic revenue growth of 7%
- Strategic review of the Wind division to explore future strategic alternatives, including a potential divestment
Fourth quarter 2021
- Order intake increased by 8% to MSEK 912 (844) with an organic increase of 5%
- Strong service order intake growth organically 14%.
- Revenue increased by 10% to MSEK 1,028 (933) with an organic increase of 7%. Strong growth in three out of four divisions, Wind lower due to the market situation and exit from tower internals
- EBITA increased to MSEK 143 (86), margin 13.9% (9.2)
- Earnings per share, basic and diluted, increased to SEK 1.70 (0.92)
- Cash flow from operations continued to be strong, MSEK 139 (164)
January – December 2021
- Order intake in line with last year MSEK 3,772 (3,761) with an organic increase of 2%
- Strong organic order intake growth in Industrial, up 18%, Construction, up 8%, and BMU up 6%. Wind down -26% due to the market situation and exit from tower internals
- Strong organic service order intake growth, up 18%
- Revenue in line with last year MSEK 3,728 (3,740) with an organic growth of 1%
- EBITA increased to MSEK 483 (319), margin 13.0% (8.5)
- Earnings per share, basic and diluted, increased to SEK 5.68 (3.37)
- Cash flow from operations was MSEK 646 (505)
- The Board of Directors propose a dividend of SEK 3.30 per share (3.00)
Telephone conference / Presentation
A telephone conference for investors, analysts and financial media will be held at 09.00 CET on Thursday, February 10th, 2022. CEO Ole Kristian Jødahl and CFO Thomas Hendel will present and comment on the report. The presentation, held in English, can also be followed via audiocast.
Link to presentation and live audiocast:
https://streams.eventcdn.net/alimak/q4/
To participate by phone – please call:
Sweden: +46 8 505 246 42
UK: +44 20 8610 3526
US: +1 646 307 1951
For more information, please contact:
Chief Financial Officer Thomas Hendel, [email protected] or
Head of Corporate Communications Charlotte Holmbergh, [email protected]
About Alimak Group
Alimak Group is a world-leading provider of vertical access solutions for professional use, listed on Nasdaq OMX Stockholm. 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. 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. www.alimakgroup.com