Q1 2026 Addtech AB Earnings Call Transcript
Key Points
- Addtech AB (ADDHY) reported a strong start to the fiscal year with a 7% increase in net sales, including 1% organic growth.
- The company achieved an 11% growth in EBITDA, with a margin improvement to 15.8% from 15.3% in the same quarter last year.
- Addtech AB (ADDHY) maintained a strong cash flow and completed two acquisitions during the quarter, enhancing its strategic niches.
- The Energy segment delivered exceptional growth, driven by strong organic sales and a favorable product mix.
- The company's financial position remains robust, with low gearing and leverage, providing ample room for future growth and acquisitions.
- The Automation business area faced challenges with weak sales development, negatively impacting earnings due to low demand in previous quarters.
- Currency effects had a negative impact on the financial results, with a 4% adverse effect on net sales.
- The Process Technology segment experienced delays in project deliveries, affecting sales negatively.
- The book-to-bill ratio was slightly below one, indicating potential challenges in maintaining order intake momentum.
- The market for special vehicles and the sawmill industry, while showing some improvement, remains uncertain and from relatively low levels.
Welcome to Addtech's first quarter report presentation. We start with Addtech in brief. If there are any newcomers on the call, a quick summary of the key fundamentals. We are a group of 150 independent and strictly decentralized companies in 20 countries with a clear business to business offering in five business areas.
The value proposition is centered around high-tech products and solutions primarily to the manufacturing and infrastructure sectors. We have a dual growth ending approach focused to develop and grow the business organically together with our entrepreneurs and then complement and strengthen our strategic niches with acquisitions funded by our own cash flow.
Size wise, we have a turnover of over SEK22 billion around the operations with an EBITDA margin of 15% and employee around 4,500 people throughout the organization. Highlights of Q1 then in summary, a strong start of the year with continued growth and improved profitability. The overarching activity remained high and we increased our net sales
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