Alimak Group (ALIG) Q1 2026 earnings summary

Executive summary

• Delivered resilient Q1 2026 results with 3% organic revenue growth, but order intake fell 11% year-over-year (4% organically) due to weak construction markets and global uncertainties.

• Book-to-bill ratio of 1.08 supported backlog growth, though adjusted EBITA margin declined to 16.7% from 17.3% year-over-year.

• Continued investment in product development, sales, and operational excellence, with a focus on executing the New Heights strategy.

• Strong decentralised divisional structure enabled customer-centric decision-making.

• Currency headwinds and adverse weather, especially in North America, negatively impacted order intake and adjusted EBITDA.

Financial highlights

• Revenue: SEK 1,653 million, down 5% reported but up 3% organically year-over-year.

• Adjusted EBITA: SEK 275 million, down 8% year-over-year, with margin at 16.7%.

• Net earnings: SEK 147 million, down 20% year-over-year; EPS SEK 1.39 vs. SEK 1.74.

• Operating cash flow: SEK 75 million, impacted by lower earnings, higher tax payments, and increased accounts receivable.

• Net debt/EBITDA at 1.85, well below the 2.5x target, with equity ratio at 56.5%.

Outlook and guidance

• Focus remains on executing the New Heights strategy for accelerated profitable growth through 2030.

• Industrial margins expected to recover in coming quarters as mix effects are seen as temporary.

• Wind division maintains strong growth outlook, supported by global energy trends.

• Market uncertainty, especially in construction, is expected to persist due to geopolitical and inflationary pressures.

• Value-accretive M&A opportunities are being pursued.