24.10.2025

soft quarter for Alimak

Swedish international hoist, mastclimber and façade access group Alimak has reported a weak third quarter with both revenues and profits declining.

Year to date

Revenues for the nine months to the end of September declined two percent compared to same period last year at SK5.18 billion ($550.7 million). Pre-tax profit increased 19 percent to SK671 million ($71.3 million).

The individual divisions were as follows:

Façade: revenues were 0.8% higher at Sk1.47 billion ($156 million) with an operating profit of Sk166 million ($18.3 million) +10.1%.

Construction: revenues came in 5.9% lower at SK1.15 billion ($122 million) with an operating profit of Sk179 million ($19 million) down 2.8%

Height Safety & Productivity Solutions: posted revenues of SK981 million ($104.2 million) a drop of 6.3%, while operating profit fell 6.3% to SK182 million ($19.3 million)

Industrial: Sk1.12 billion ($119 million) + 1.4% with an operating profit 6.5 % higher at SK287 million ($30.5 million)

Wind: Sk491 million ($52.2 million) -6.8% with an operating profit of Sk96 million ($10.1 million) -7.6%

Third quarter

Total revenues for the third quarter were Sk1.66 billion ($176 million) – 4.8%, while Pre-tax profit declined 12% to Sk176 million ($18.7 million).

Façade: revenues were SK491 million ($52.1 million) +2.4% while operating profits jumped 13% to SK64 million ($6.8 million)

Construction: revenues were SK333 million ($35.4million) -22.1% with a profit of SK44 million ($4.7 million) -40.3 %

Height Safety & Productivity Solutions:revenues slipped 7.4% to Sk310 million ($32.9 million) with an operating profit of SK57 million ($6 million) -10.7%

Industrial: Sk376 million ($40 million) +6% while the operating profit was SK92 million ($9.8 million) +13.1%

Wind: Sk160 million ($17 million)-11.1% with an operating profit of Sk30 million ($3.1 million) -14.5%

Chief executive Ole Kristian Jødahl said: In the third quarter, we saw continued adverse market conditions particularly affecting demand in construction related activities. The strengthened krone had a negative impact of six percent on our earnings. Improved earnings in the Industrial and Facade Access divisions were offset by a weak Construction margin and slightly lower margins within the HSPS and Wind divisions."

"The Facade Access division continues to drive and deliver on its profit improvement journey. While we reported a lower order intake, reflecting the irregularity of the business, the opportunity pipeline looks good. This is thanks to our focused efforts in infrastructure, consultancy services and aftermarket."

"The Construction division continues to face a challenging market, with investments in new hoists in Europe and North America at a very low level, affecting our load in the Skelleftea factory. Our growth initiatives and cost reduction actions in recent years play an important role in maintaining the business at a decent level and we are in a strong position to capitalise on the market rebound that will come."

"The HSPS division was temporarily affected by the challenging construction sector and faced soft demand during the summer months. We are now at full speed in transforming our setup to ensure accelerated profitable growth, and we are already starting to see the effects of this work."

"Our Industrial division is continuing its upwards development, with Q3 delivering yet another very good performance. Our customer focused, decentralised and profitable growth strategy is clearly working."

"The Wind division faced headwinds in the US, driven by the US administration’s negative stance on wind energy, which is having a short-term negative effect. However, the opportunity pipeline remains stable and promising going forward."

"In the third quarter, we welcomed Century Elevators into our US industrial business, further strengthening our position in this important market. Recently we also signed an agreement to acquire Swedish Interlift that will expand our product portfolio in lifting and height safety solutions in the Nordics."

Vertikal Comment

This is another reasonable result from Alimak, its strategy of diversification within the work at height market continues to deliver, as does the move to increase the percentage of aftermarket services in its revenues.

The company’s acquisition strategy now looks sensible, logical and conservative, which suits the current economic climate, yet it is in a good place should a too good to pass up opportunity pops up.