Alimak Group: Interim report January – March 2017

Solid Performance

  • The integration of the acquired businesses progressed according to plan
    • Avanti Wind Systems was consolidated from 1 February 2017
    • Facade Access Group was consolidated from 1 March 2017
  • EBITA margin adj. of 11.7% (13.2), due to lower margins in the acquired businesses and in line with company expectations
  • Organic revenue growth was 6%, while reported revenues increased 71%
  • Organic order intake growth was 14%, while reported order intake grew 66%
  • The acquired companies contributed significantly to Group order intake and sales

First quarter

  • Order intake increased by 66% to MSEK 942.8 (569.4)
  • Revenue increased by 71% to MSEK 776.6 (455.3) with organic growth of 6.4% (0.4)
  • EBITA adj. increased to MSEK 90.9 (60.3), margin 11.7% (13.2)
  • EBITA increased to MSEK 85.8 (60.3), margin 11.0% (13.2)
  • EBIT increased by 32% to MSEK 79.0 (60.0), margin 10.2% (13.2)
  • Net profit amounted to MSEK 50.4 (29.2) impacted by M&A activities
  • Earnings per share amounted to SEK 1.16 (0.67)[1]
  • Operating cash flow amounted to MSEK 43.6 (30.5)[1]

Management assessment: If the acquired companies would have been fully consolidated by 1 January 2016: Organic order intake growth YoY, would have been 26% and organic revenue growth YoY, would have been 3%, (please find proforma figures on page 17, table 2 in the report.)

[1] Prior period numbers not including acquisitions & divestments

Presentation / Audiocast / Telephone conference

A telephone conference will be held 26 April 10.00 CET. CEO Tormod Gunleiksrud and CFO Per Ekstedt will present and comment on the report for the first quarter.

Details for the telephone conference;

  •  SE: +46 856642697
  •  UK: +44 2030089809

The presentation can also be followed via webcast;

https://wonderland.videosync.fi/alimak-group-q1-report-2017

For more information, please contact:

  • Per Ekstedt, CFO, telephone: +46 (0)8-402 14 57
  • Sofia Wretman, Head of Communications and IR, telephone: +46 (0)8–402 14 41

This information in this release is such that Alimak Group AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 08.00 CET on 26 April, 2017.