Mixed fourth quarter for Alimak

“2025 was a demanding year, with several external headwinds affecting performance,” said Ole Kristian Jødahl, President and CEO of Alimak in the company’s fourth quarter results.

Revenue decreased by 7% to SEK1,692 million ($190.2 million) in the quarter, said the company. Despite these challenges, the company delivered organic order intake growth of 8% and an adjusted EBITA margin of 17.4%, for the full year, compared to 17.2% in the previous financial year.

PHoto: Alimak Group

Jødahl added that US tariffs had impacted demand and the global construction market remained subdued. “Consequently, the year became one of consolidation, as we protected profitability, strengthened our market leading positions, and continued investing for accelerated profitable growth.”

There was a mixed performance in the quarter across divisions in the quarter and overall adjusted Earnings before Interest, Taxes, and Amortization (EBITA) declined to 16.8% from 17.6%, which Jødahl said was a disappointing level. Cash flow from operations was at a good level, however, at SEK 276 million ($31.02 million), “demonstrating our operational discipline and effective working capital management.”

The Facade Access division reported strong order intake and continues to develop well, with ongoing operational improvements. The quarter included a loss of SEK 40 million ($4.5 million) of related to the final phasing out of one significant legacy project, but the company added that all loss-making legacy projects were now behind it.

The Construction division delivered a weak quarter. “Investment in new machinery remains at a very low level for our customers in this challenging environment,” said Jødahl. “In the quarter, the aftermarket was also affected as a significant share of the equipment fleet owned by our customers remained underutilised.

“Although the market remains very weak, we are continuing to invest into new segments, industries and products where we can find growth.”

Karin Bååthe, Executive Price President, Construction division. (Image: Bååthe).

New appointment for construction 

During the quarter Karin Bååthe was appointed EVP of the Construction division and will assume her role 7 April 2026. “Her broad industrial background and strong leadership experience will be important to strengthen performance and drive profitable growth,” said Jødahl.

Order intake developed well, while profitability was low due to low revenue, some one‑off costs and increased investments in product development, sales and marketing, added the company.

The Industrial division delivered a strong performance overall, while order intake growth was slightly lower than expected due to timing effects.

Wind reported strong order intake in the quarter. The US business showed a clear recovery, while Europe continued to advance and APAC countries operated at a solid level with ongoing market share gains, said the company.

“We remain very positive regarding the market opportunities ahead. Geopolitical tensions will drive investments within infrastructure, defence, general industries and energy in the coming years, while we still expect a subdued construction market for at least the first half of this year,” Jødahl commented.

“As we move forward, we will continue to execute with discipline on the New Heights agenda, which has served us well, focusing on profitable growth, operational excellence and long‑term value creation.”