24.04.2025

Solid start for Alimak

Swedish mastclimber and hoist supplier Alimak has reported a strong pick up in first quarter order intake, while revenues were flat, and profits soared.
Total revenues came in very marginally lower at SK1.73 billion (€158 million), while order intake jumped 16 percent to a record SK2 billion (€187 million) and Pre-tax profit soared 39 percent to SK247 million (€22.5 million) thanks to lower cost of sales - higher gross margins, a reduction in operating costs and lower interest and financing costs.
Net Debt at the end of the quarter was just over 10 percent lower at SK2.38 billion (€217 million).

Chief executive Ole Kristian Jødahl said: “We had a solid start to 2025, and continued to deliver profitable growth, reporting strong order intake and increased results. This again showcases the strength of the New Heights programme that we have executed over the last years. Despite increased market uncertainty, we continue to manage the business well and we are confident that our decentralised, agile and entrepreneurial organisation will effectively navigate the current market challenges.”

“I am very pleased with the strong order intake in the quarter, to which all divisions contributed, with the strongest performance seen in the Industrial and Wind divisions, while the Facade Access and HSPS divisions also delivered double digit growth. Although the growth in order intake was only one percent in construction, it was against a high comparable, making it a solid quarter for the division.”

“During the quarter, we acquired intangible assets from the Spanish company Camac Minor, which complements our light construction products. We also continue to work actively on our pipeline of promising acquisition targets.”

“Increased market uncertainty due to tariffs imposed by the US The recently imposed tariffs by the US have increased global market uncertainty. We are closely monitoring the developments and are well-prepared to manage the direct impacts on our business. Mitigation efforts primarily include price management but also the optimising of our supply chain. The impact on global growth and investment decisions is more uncertain, but we will manage that as well and remain committed to our financial targets.”

Vertikal Comment

Given the current economic uncertainties this a great start for Alimak which seems to be doing one of the more challenging business moves of pulling together a disparate group of companies and businesses into a well-functioning group.

New products and an increasing focus on product diversification while keeping within a tight focus on working and transporting people and materials to height, and at the same time building a strong service and support operation/revenue stream really appears to be paying off.

All in all a good start to the quarterly reporting season.