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Regulatory press release

Alimak Group: Q4 and Year-end report 2023

Alimak Group
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Solid end to a great year

  • Revenue of MSEK 1,838, representing an increase of 31%, and an organic increase of 4%
  • Order intake of MSEK 1,696, representing an increase of 22%, and an organic decrease of 2%
  • Adjusted EBITA-margin of 15.7% (15.5%). Aggregated EBITA increased by 4%*
  • Outstanding cash flow from operations of MSEK 363
  • Deleveraging to net debt/EBITDA of 2.26

Fourth quarter

  • Order intake increased by 22% to MSEK 1,696 (1,396), corresponding to an organic decrease of 2%. Acquisitions contributed with 22%.
  • Revenue increased by 31% to MSEK 1,838 (1,403), corresponding to an organic growth of 4%. Acquisitions contributed with 25%.
  • EBITA adjusted for the quarter was MSEK 288 (217), corresponding to a margin of 15.7% (15.5).
  • The aggregated* adjusted EBITA compared to Q4 2022 increased by 4%.
  • EBITA as reported amounted to MSEK 258 (237), including items affecting comparability of MSEK -30 (19). Most of the MSEK -30 relate to the Facade Access transformation, partially offset by the insurance indemnification in France.
  • EBIT amounted to MSEK 205 (208).
  • Earnings per share basic, SEK 1.13 (1.81)*** and diluted to SEK 1.13 (1.81)***.
  • Cash flow from operations increased to MSEK 363 (293), driven by higher earnings and improved working capital management.

January – December

  • Order intake increased by 47% to MSEK 7,027 (4,784), corresponding to an organic decrease of 4%. Acquisitions contributed with 47%.
  • Revenue increased by 57% to MSEK 7,097 (4,512), an organic growth of 5%. Acquisitions contributed with 49%.
  • EBITA adjusted for the period was MSEK 1,150 (616), corresponding to a margin of 16.2% (13.6). The increase was driven by strong operational performance and the Tractel acquisition.
  • The aggregated* adjusted EBITA compared to 2022 increased by 12%, reflecting higher revenue and improved operational performance.
  • EBITA as reported, amounted to MSEK 1,145 (603) including items affecting comparability of MSEK -5 (-13).
  • EBIT increased to MSEK 945 (546).
  • Earnings per share basic was SEK 5.25 (5.26)*** and diluted SEK 5,25 (5.26)***.
  • Cash flow from operations was MSEK 1,067 (501).
  • Net debt/EBITDA decreased to 2.26 (8.00).
  • The Board of Directors proposes an ordinary dividend for 2023 of SEK 2.50 (1.82) per share based on the current number of outstanding shares.


*Aggregated numbers for 2022 as if Tractel was acquired as of 1 January 2022
***Earnings per share have been recalculated in comparison period to consider the rights issue

TELECONFERENCE/PRESENTATION
A teleconference for investors, analysts and financial media will be held at 10.00 CET on Monday 12 February. CEO Ole Kristian Jødahl and CFO Sylvain Grange will present and comment on the report. The presentation, held in English, can also be followed via webcast.

If you wish to participate via webcast, please use the link below. Via the webcast you will be able to ask written questions.

https://ir.financialhearings.com/alimak-group-q4-report-2023

If you wish to participate via teleconference, please register on the link below. After registration you will be provided phone numbers and a conference ID to access the conference. You can ask questions verbally via the teleconference.

https://conference.financialhearings.com/teleconference/?id=50048449

For more information, please contact:
Sylvain Grange, CFO, Alimak Group
sylvain.grange@alimakgroup.com

Johnny Nylund, CCO, Alimak Group, +46 76 852 5759
johnny.nylund@alimakgroup.com

About Alimak Group
Alimak Group is a global provider of sustainable vertical access and working at height solutions, listed on Nasdaq Stockholm. With presence in more than 120 countries, the Group develops, manufactures, sells and services vertical access and working at height solutions with focus on adding customer value through enhanced safety, higher productivity and improved cost efficiency. The Group has a large installed base of elevators, service lifts, temporary and permanent hoists and platforms and building maintenance units around the world. The solutions portfolio also comprises of height safety protective equipment, load measurement & control, lifting & handling, and a global after-sales business model, with recurring revenue from spare parts and services such as inspection, certification, maintenance, refurbishments, replacements and training. Founded in Sweden 1948, the Group has its headquarters in Stockholm, 26 production and assembly facilities in 15 countries and approximately 3,000 employees. corporate.alimakgroup.com

This information is information that Alimak Group 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 2024-02-12 08:00 CET.

Attachments
Alimak Group Q4 2023 ENG