Sweden · Delayed Price · Currency is SEK Beijer Alma AB Earnings Call Transcripts
Fiscal Year 2026
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Q3 sales grew 11% YoY, with acquisition-led growth and positive currency; cash flow was strong and capital efficiency reached 49.8%. Demand varied by region, while management anticipated Q4 acquisitions and a temporary sales impact from the Hagen move.
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Net revenue rose 5% in Q2 2026 with adjusted EBITDA at 14%, driven by strong U.S. and Beijer Tech performance. Five acquisitions boosted growth, and cash flow remained robust, keeping net debt at 1.7x. Limited impact from geopolitical turmoil was noted.
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Q1 saw improved margins and EPS, with strong demand in the US and Nordic regions and stable performance elsewhere. No acquisitions closed, but the financial position supports future deals. Strategic exits from low-margin business boosted profitability.
Fiscal Year 2025
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Q4 delivered 3% organic growth, strong EBITDA margin expansion, and robust performance from Beijer Tech, despite currency headwinds and market softness in the US and Nordics. Five acquisitions and a new focus on capital efficiency and European expansion underpin a 15% annual EBITDA growth target.
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Strong organic growth and margin expansion were driven by capacity increases, cost savings, and robust demand in key segments. Acquisition activity remains high, with a solid pipeline and financial flexibility to support further deals.
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Profitability improved with group order bookings up 10% and revenue up 7% year-over-year, driven by strong performance in Asia and Europe and successful acquisitions. Extraordinary items impacted earnings, but margin and organic growth remain key priorities.
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Q1 2025 saw 8% revenue growth and stable margins, with strong Nordic and industry performance. Margin improvement is a key focus, especially for Lesjöfors and Beijer Tech, while acquisitions and market instability remain central themes.
Fiscal Year 2024
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Organic growth and record operational results were achieved in Q4 despite a weak industrial economy, with strong performance in Asia and the Nordics and challenges in Central Europe. Acquisitions and capacity expansions supported growth, while profitability improved across segments.
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Modest organic growth was achieved in Q3 2024 amid a weakening industrial economy, with strong performance in the Nordics and growth from recent acquisitions. Lesjöfors and Beijer Tech both contributed positively, while Germany and Central Europe remained weak. Adjusted operating profit was SEK 212 million with a margin of 12.6%.
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Organic and acquisition-driven growth led to higher revenues and profits, with the Nordics as the strongest region. Two strategic acquisitions were announced, and cash flow and net debt improved year-over-year.