Addtech AB (FRA:AZZ2)
€ 30.14 -0.12 (-0.4%) Market Cap: 8.24 Bil Enterprise Value: 8.78 Bil PE Ratio: 40.95 PB Ratio: 10.61 GF Score: 98/100

Q2 2026 Addtech AB Earnings Call Transcript

Oct 23, 2025 / 08:00AM GMT
Release Date Price: €29.76 (+5.08%)

Key Points

Positve
  • Addtech AB (ADDHY) reported a solid second quarter with a 6% increase in net sales, 4% of which was organic.
  • The company achieved an EBITDA growth of 11%, maintaining a high margin of 15.5% compared to 14.9% in the same quarter last year.
  • Cash flow increased significantly during the quarter, and the company completed one acquisition.
  • The company has a strong balance sheet with low leverage, providing room for future acquisitions and growth.
  • Addtech AB (ADDHY) has a diversified and decentralized business model, which has proven resilient in a challenging market environment.
Negative
  • The automation business area continues to face a challenging market situation, with lower sales volumes in mechanical and defense segments.
  • The electrical transmission segment experienced a flattening trend, with flat sales development due to tough comparisons.
  • The sawmill business, despite strong performance this quarter, is expected to have weaker sales in the second half of the year.
  • There were one-off costs of approximately 10 million related to restructuring in the automation segment, impacting results and margins.
  • The company faces a higher effective tax rate due to increased business in countries with higher tax rates.
Operator

Welcome to the Addtech Q2 2025 report presentation. (Operator Instructions)

Now I will hand the conference over to CEO, Niklas Stenberg; and CFO, MalinEnarson. Please go ahead.

Niklas Stenberg
Addtech AB - President, Chief Executive Officer, Director

Good morning and most welcome everyone to the A second quarter report presentation.

The setup is as usual that Mo and I will use approximate approximately 20 minutes to summarize and give our comments on the results followed by a Q&A session.

Before we dig into the results, just a very quick summary of the key fundamentals of Adtech, we are a group of 150 independent and strictly decentralized companies operating in 20 countries, with a clear business to business offering.

Since 1st of October, we operate in 6 business areas, all with the clear strategies and the value propositions centered around niche products and solutions, primarily to the manufacturing and infrastructure sectors.

I will come back to more details about the reorganization later in my

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