Sweden · Delayed Price · Currency is SEK Sdiptech AB Earnings Call Transcripts
Fiscal Year 2026
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Q1 saw 7% organic sales growth and 4% organic profit growth, with strong results in Energy & Electrification and Safety & Security, despite currency headwinds and a capital loss from divestments. M&A activity is set to increase, and the outlook remains positive.
Fiscal Year 2025
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Reported SEK 4.5 billion in revenue and SEK 968 million adjusted EBITDA for 2025, with strong cash flow and progress on divestments. Outlook for 2026 is positive, with increased M&A activity and continued focus on capital efficiency and organic growth.
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New financial targets aim for 15% annual EBITDA growth and 15% ROCE by 2030, with a unified focus on disciplined M&A, capital efficiency, and proactive ownership. Portfolio will be sharpened through divestments, cluster strategies, and expansion into new geographies, especially Germany.
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Streamlined to a 30-company core, divesting 11 units and writing down SEK 500 million in goodwill, with Q3 net sales up 9% and adjusted EBITDA margin rising to 21.3%. Strong cash flow and disciplined M&A continue amid market uncertainty and a focus on reducing leverage.
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Q2 2025 saw a 4% sales decline and a 10% drop in adjusted EBITDA, mainly due to postponed orders and market uncertainty. Strategic divestments and management changes are underway to boost organic growth and capital efficiency, with a cautiously optimistic outlook for H2 2025.
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Net sales rose 4% year-over-year, but organic sales declined 4% amid customer caution and higher staff costs, especially in the U.K. Adjusted EBITDA was flat, with acquisitions offsetting organic weakness, and cash flow remained strong. Management remains cautious on guidance for organic profit growth.
Fiscal Year 2024
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Sales grew 13% and adjusted EBITDA surpassed SEK 1 billion, with stable margins and record cash flow. Five acquisitions were completed, construction sector exposure reduced, and a new organizational structure was implemented. Debt increased due to acquisitions, but financial position remains strong.
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Q3 2024 saw 7% sales growth and stable adjusted EBITA, with strong acquisition activity and a major divestment. The group is reorganizing for clarity and expects continued solid demand, despite high comparables and some margin pressure.
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Q2 2024 saw 19% sales growth (9% organic), stable margins, and strong cash flow, with key contributions from new acquisitions and ongoing restructuring in the elevator business. Leverage is decreasing, and the outlook remains positive with a robust acquisition pipeline.