Alimak

• 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