Selskabsmeddelelse

Alimak Group: Interim report January – March 2023

Alimak Group

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A very strong start to the year

Adjusted EBITA-margin of 16.6%. Aggregated EBITA increased by 41%*
Increased order intake of 78%, corresponding to an organic increase of 6%
Wind division contributing positively
Integration of Tractel and Tall Crane develops well and according to plan
Rights issue of MSEK 2,500 successfully completed and bridge loan repaid
Net debt/EBITDA decreased to 2.87 (aggregated, including R12 months of Tractel EBITDA)

January – March

Order intake increased by 78% to MSEK 1,870 (1,053), corresponding to an organic growth of 6%, mainly driven by Industrial and Wind. Acquisitions contributed with 65%
Revenue increased by 86% to MSEK 1,745 (936), corresponding to an organic growth of 12% with strong contributions from Construction, HSPS, Industrial and Wind. Acquisitions contributed with 67%
EBITA adjusted for the quarter was MSEK 289 (107), corresponding to a margin of 16.6% (11.5). The increase was driven by the Tractel acquisition and strong operational performance
The aggregated* adjusted EBITA compared to Q1 2022 increased by 41%, reflecting higher revenue and improved operational performance
EBITA as reported, amounted to MSEK 286 (107) including items affecting comparability of MSEK 3 (0), consisting of transaction related costs
EBIT amounted to MSEK 248 (98)
Earnings per share basic, increased to SEK 1.72 (0.98) and diluted to SEK 1.72 (0.98)
Cash flow from operations was MSEK 108 (36)
The rights issue was fully subscribed and provided Alimak Group with approximately MSEK 2,500
Net debt/EBITDA decreased to 3.72 compared to 8.0 at year end 2022. Aggregated* leverage is 2.87, including R12 months of Tractel EBITDA

* Aggregated numbers as if Tractel was acquired as of 1 January 2022

Telephone conference / presentation

A teleconference for investors, analysts and financial media will be held at 10.00 CEST on Wednesday 3 May. CEO Ole Kristian Jødahl and CFO Sylvain Grange will present and comment on the report. The presentation, held in English, can also be followed via webcast.

If you wish to participate via webcast, please use the link below. Via the webcast you will be able to ask written questions.

https://ir.financialhearings.com/alimak-group-q1-2023

If you wish to participate via teleconference, please register via the link below. After registration you will be provided phone numbers and a conference ID to access the conference. You can ask questions verbally via the teleconference.

https://conference.financialhearings.com/teleconference/?id=2001171

About Alimak Group
Alimak Group is a global provider of sustainable vertical access and working at height solutions, listed on Nasdaq Stockholm. With presence in more than 120 countries, the Group develops, manufactures, sells and services vertical access and working at height solutions with focus on adding customer value through enhanced safety, higher productivity and improved cost efficiency. The Group has a large installed base of elevators, service lifts, temporary and permanent hoists and platforms and building maintenance units around the world. The solutions portfolio also comprises of height safety protective equipment, load measurement & control, lifting & handling, and a global after-sales business model, with recurring revenue from spare parts and services such as inspection, certification, maintenance, refurbishments, replacements and training. Founded in Sweden 1948, the Group has its headquarters in Stockholm, 24 production and assembly facilities in 15 countries and approximately 3,100 employees. corporate.alimakgroup.com