Alimak Group AB (publ)
STO:ALIG
Alimak Group AB (publ)
In the realm of vertical access solutions, Alimak Group AB stands as a prominent player, woven into the intricate tapestry of industries such as construction, infrastructure, and the energy sector. Hailing from Sweden, this innovative company roots its expertise in a history of engineering excellence dating back to 1948. Alimak provides specialized solutions that help clients overcome the challenges of height and access, manufacturing construction hoists, industrial elevators, and work platforms that facilitate both temporary and permanent applications. Their equipment is prized for its safety, efficiency, and reliability, supporting activities ranging from high-rise construction projects to complex maintenance tasks in harsh environments.
Alimak's success largely stems from its multifaceted business approach, which combines robust product sales with a strong service component. Revenue flows not only from the sale of equipment but also from an expansive aftermarket operation that includes spare parts, refurbishment services, and training. This suite of after-sales services ensures that clients maximize the longevity and performance of their equipment, fostering long-term relationships that open doors to recurring business. Additionally, Alimak capitalizes on its global presence, with operations spread across the Americas, Europe, and Asia, allowing it to serve clients with diverse needs and further penetrating varying market segments. Through strategic acquisitions and organic growth, Alimak Group continues to bolster its position in the vertical access segment, adeptly navigating the intricate dance between innovation and application in the heart of industrial progress.
In the realm of vertical access solutions, Alimak Group AB stands as a prominent player, woven into the intricate tapestry of industries such as construction, infrastructure, and the energy sector. Hailing from Sweden, this innovative company roots its expertise in a history of engineering excellence dating back to 1948. Alimak provides specialized solutions that help clients overcome the challenges of height and access, manufacturing construction hoists, industrial elevators, and work platforms that facilitate both temporary and permanent applications. Their equipment is prized for its safety, efficiency, and reliability, supporting activities ranging from high-rise construction projects to complex maintenance tasks in harsh environments.
Alimak's success largely stems from its multifaceted business approach, which combines robust product sales with a strong service component. Revenue flows not only from the sale of equipment but also from an expansive aftermarket operation that includes spare parts, refurbishment services, and training. This suite of after-sales services ensures that clients maximize the longevity and performance of their equipment, fostering long-term relationships that open doors to recurring business. Additionally, Alimak capitalizes on its global presence, with operations spread across the Americas, Europe, and Asia, allowing it to serve clients with diverse needs and further penetrating varying market segments. Through strategic acquisitions and organic growth, Alimak Group continues to bolster its position in the vertical access segment, adeptly navigating the intricate dance between innovation and application in the heart of industrial progress.
Organic Growth: Alimak Group delivered strong organic growth in Q4 and for the full year, with 4 out of 5 divisions showing positive momentum, despite mixed profit performance.
Profitability: Adjusted EBITA margin declined to 16.8% in Q4, down from 17.6% a year ago, mainly due to currency effects and weakness in the Construction division.
Construction Weakness: The Construction division saw order intake drop 36% and remains under pressure due to tough market conditions, especially in North America and Europe.
Service & Cash Flow: Service order intake was up organically, and the company reported strong cash flow in Q4 (SEK 276 million) and reduced leverage to 1.76.
Dividend Increase: The Board proposed a dividend of SEK 3.3 per share, up 10% from last year.
Guidance & Outlook: Management expects construction markets to remain subdued in the first half of 2026 but sees early signs of improvement in Europe, with macro trends like regionalization and electrification seen as long-term drivers.
