25.10.2017

Alimak doubles revenues

Swedish mastclimber, hoist and suspended platform specialist Alimak, has reported a strong third quarter in terms of revenues.

Total revenues for the nine months to the end of September were SK2.95 billion ($359 million) an increase of 103 percent on last year, thanks to the major acquisitions such as Façade Access Group at the end of last year. Order intake was slightly ahead of revenues, and pre-tax profit came in almost 40 percent higher at SK290.3 million ($35.3 million).

In the third quarter revenues were 108 percent higher at SK979.8 million ($119 million) with order intake of SK868.8 million ($105.6 million) 70 percent higher than this time last year. Construction sales were slower, but still ended the quarter up four percent. Pre-tax profits were 32 percent higher at SK94.2 million ($11.5 million), while the industrial division saw revenues rise 31 percent thanks to acquisitions. After sales revenues jumped 44 percent, due almost entirely to the acquisitions.

Chief executive Tormod Gunleiksrud said: “The integration of the acquired companies continues with good progress through our launched integration projects addressing After Sales, purchasing, production and cross selling opportunities to name a few. We remain confident that our started integration and strategic initiatives will support the achievement of our Mid-term financial targets.”

“As part of our integration activities to expand our After Sales business, we have recently launched a pilot-project in the US introducing a joint sales and service organisation. This will further enhance our offering and support to customers. This concept will, after evaluation and fine-tuning, be rolled out in additional markets during 2018. In Rental, organic order intake and revenue grew 18 percent and one percent respectively during the quarter with positive development in all geographical markets.”