Q4 2026 Systemair AB Earnings Call Transcript
Key Points
- Systemair AB (STU:52SA) reported strong organic growth of almost 10% in Q4, despite challenging market conditions and geopolitical uncertainties.
- The company achieved a total net sales increase of 9.1% year-over-year, with organic growth at 9.6%, marking the seventh consecutive quarter of organic growth.
- Systemair AB (STU:52SA) has a diverse and global customer base, providing a solid foundation for profitable growth and resilience.
- The company launched new products and expanded its market presence, notably with the introduction of the Verox air handling unit in India, targeting high-growth industrial and commercial segments.
- Systemair AB (STU:52SA) has a strong balance sheet, with a net debt to EBITDA ratio of 0.54, enabling further investments for organic growth and strategic acquisitions.
- The gross margin slightly decreased to 36.3% from 36.5% last year, due to product mix and increased costs for components and freight.
- The company faced one-off restructuring costs in its German sales and service organization, impacting financial results.
- Currency effects, particularly the strength of the Swedish krona, negatively impacted sales by 1.8%.
- The Nordics region experienced flat organic sales development, with challenges in the Norwegian residential market and lower demand in Denmark.
- Free cash flow significantly decreased to $46 million from $264 million last year, primarily due to increased trade receivables and investments in production capacity.
Welcome to Systemare Q4 2025-26 report presentation. For the first part of the presentation, participants will be in listen-only mode. During the questions and answers session, participants are able to ask questions by dialing pound key 5 on their telephone keypad. Now I will hand the conference over to the President and CEO Robert Larsen and CFO Anders Ulf. Please go ahead.
Thank you very much. You are all most welcome to this presentation where me and Anders will cover the fourth quarter for System.
As you heard, after the presentations, we open up for the Q&A.
So the agenda, I think it's quite straightforward.
Let's move directly into slide number three.
So Systemare was established in Queenskatevari in 1,974 by Mr. Jara Rengstrom, who today remain as the main owner and Vice Chairman of the board.
And during the years, the company has grown consistently and has now achieved annual net sales of eur1.3 billionos.
Systemare was listed
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