Investment AB Latour Earnings Call Transcripts
Fiscal Year 2026
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Organic growth and resilient profitability marked Q1, with strong order intake and net sales despite currency headwinds. Acquisition activity was high, and most business areas showed robust performance, especially Nord-Lock and Caljan, while Innovalift continues to expand and improve margins.
Fiscal Year 2025
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Record Q4 and full-year results with strong organic growth, high acquisition activity, and improved profitability despite market headwinds. Net asset value and cash flow increased, supporting a higher dividend and continued investment focus.
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Operations showed resilience with strong order intake and robust M&A activity, despite a weak business climate and margin pressure from investments and currency effects. Key segments delivered growth, and the company maintains a solid financial position with reduced net debt.
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Organic growth in order intake and net sales was achieved despite a tough market, with strong segment performances, especially from Nord-Lock Group. Acquisitions contributed SEK 1.8 billion in annual net sales, and the order backlog supports a stable outlook.
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Strong Q1 with 21% order intake and 30% net sales growth, driven by acquisitions and organic gains. Segment performance was robust, especially in logistics and industrials, despite market headwinds and currency impacts. Net debt rose to SEK 15.4 billion after active M&A.
Fiscal Year 2024
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Order intake and net sales grew organically in 2024, with strong profitability and cash flow despite a weak business climate. Nine acquisitions added scale, and a 12.2% dividend increase is proposed. Margin recovery is expected if markets improve.
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Organic growth and strong profitability were achieved despite a subdued market, with six acquisitions adding SEK 2.4 billion in annual sales. The listed portfolio outperformed benchmarks, and a healthy M&A pipeline supports future growth.
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Q2 saw 5% organic order intake growth and resilient margins despite a weak business climate, with strong M&A activity adding nearly 10% acquired growth for the year. Key segments like Swegon and Nord-Lock performed well, while construction-exposed areas faced headwinds.