Q3 2025 Addtech AB Earnings Call Transcript
Key Points
- Addtech AB (ADDHY) reported an 11% increase in sales, with 3% being organic growth.
- EBITA growth was strong at 17%, with margins improving to 14.4% from 13.6% in the same quarter last year.
- The company completed 11 acquisitions during the fiscal year, adding SEK1.4 billion in sales.
- Energy segment showed robust growth, driven by infrastructure products for electrical transmission and niche products for power distribution.
- The company's financial position remains strong, with stable cash flow and a well-filled order backlog.
- Demand was weaker than expected in some segments, particularly in Finland and the DACH region.
- Automation segment faced margin pressure due to an unfavorable product mix and negative calendar effects.
- Building and installation markets remained weak, impacting overall performance.
- The sawmill sector within Industrial Solutions experienced a weak market, affecting order intake.
- Inventory levels increased in relation to sales, posing a challenge for maintaining efficient operations.
(audio in progress ) to the Addtech Q3 2024 report presentation. (Operator Instructions) Now, I will hand the conference over to CEO Niklas Stenberg and CFO Malin Enarson. Please go ahead.
Thank you, and most welcome, everyone, to Addtech third-quarter report presentation. As usual, we will spend approximately 15, 20 minutes to summarize and give our comments on the results, and then followed by a Q&A session.
Let's start with some highlights from the quarter. Overall, the activity in the quarter remained high, and we increased our sales by 11%, of which 3% were organic. We report a very satisfying EBITA growth of 17% and increased our margins to 14.4%, comparable with 13.6% same quarter last year.
Our cash flow remained on good levels. And we kept the high pace of acquisitions in the quarter, now totaling 11 acquisitions during the fiscal year, adding a total of SEK1.4 billion in sales. So in conclusion, a strong result in the quite demanding environment.
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