Sweden · Delayed Price · Currency is SEK Sdiptech AB Earnings Call Transcripts
Fiscal Year 2026
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Net sales grew 14% year-over-year with strong organic and M&A-driven growth, while adjusted EBITDA rose 11%. The group completed a major divestment program and added two new companies, maintaining a stable leverage ratio and strong cash flow. Strategic focus is on disciplined M&A and improving return on capital employed.
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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% and profit after tax fell to SEK 74 million. Staff cost inflation, especially in the U.K., pressured margins, while acquisitions and a new credit facility supported stability.
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.