The integration of the acquired businesses progressed according to plan
Avanti Wind Systems was consolidated from 1 February 2017
Facade Access Group was consolidated from 1 March 2017
EBITA margin adj. of 11.7% (13.2), due to lower margins in the acquired businesses and in line with company expectations
Organic revenue growth was 6%, while reported revenues increased 71%
Organic order intake growth was 14%, while reported order intake grew 66%
The acquired companies contributed significantly to Group order intake and sales
First quarter
Order intake increased by 66% to MSEK 942.8 (569.4)
Revenue increased by 71% to MSEK 776.6 (455.3) with organic growth of 6.4% (0.4)
EBITA adj. increased to MSEK 90.9 (60.3), margin 11.7% (13.2)
EBITA increased to MSEK 85.8 (60.3), margin 11.0% (13.2)
EBIT increased by 32% to MSEK 79.0 (60.0), margin 10.2% (13.2)
Net profit amounted to MSEK 50.4 (29.2) impacted by M&A activities
Earnings per share amounted to SEK 1.16 (0.67)¹
Operating cash flow amounted to MSEK 43.6 (30.5)¹
Management assessment: If the acquired companies would have been fully consolidated by 1 January 2016: Organic order intake growth YoY, would have been 26%andorganic revenue growth YoY, would have been 3%, (please find proforma figures on page 17, table 2 in the report.)
¹ Prior period numbers not including acquisitions & divestments
Presentation / Audiocast / Telephone conference
A telephone conference will be held 26 April 10.00 CET.CEO Tormod Gunleiksrud and CFO Per Ekstedt will present and comment on the report for the first quarter.
Details for the telephone conference;
SE: +46 856642697
UK: +44 2030089809
The presentation can also be followed via webcast;
Sofia Wretman, Head of Communications and IR, telephone: +46 (0)8-402 14 41
This information in this release is such that Alimak Group AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 08.00 CET on 26 April, 2017.
Alimak Group Alimak Group is a world-leading provider of vertical access solutions for industrial and construction industries. With presence in more than 100 countries, Alimak develops, manufactures, sells and provides service to vertical access solutions with focus on adding customer value through greater safety, higher productivity and improved cost efficiency. The Group´s products and solutions are sold under the brands Alimak Hek, CoxGomyl, Manntech and Avanti. Alimak has an installed base of more than 60,000 elevators, hoists, platforms, service lifts and building maintenance units around the world. Founded in Sweden 1948 Alimak has its headquarters in Stockholm, 12 manufacturing facilities in 8 countries and 2,400 employees around the world.www.alimakgroup.com
Alimak Group AB published this content on 26 April 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 April 2017 06:04:14 UTC.
Original documenthttp://www.alimakgroup.com/en/alimak-group-interim-report-january-march-2017/
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Alimak Group publ AB is a Sweden-based company active in industrial equipment sector. It offers vertical access solutions to customers in the construction industry, as well as other sectors. The Company develops and manufactures construction hoists, industrial elevators, mast climbing work platforms, transport platforms and material hoists. It operates in four business segments: Construction Equipment, which designs, develops, manufactures and distributes lifts for temporary installation; Industrial Equipment, providing lifts for permanent installations; Rental, offering renting and service of the Companyâs equipment; and After Sales, comprising service, spare parts, upgrades and trainings. Its product lines are Alimak, Champion, Heis-Tes and Hek. The Company is active in Norway, France, Germany, the United Kingdom, Korea, Singapore, Malaysia, Italy, Spain, China, the United States, Brazil and India, among others.