Q3 2026 Addtech AB Earnings Call Transcript
Key Points
- Addtech AB (ADDHY) reported a solid EBITDA growth of 9% with an improved margin of 15.6% compared to 14.4% in the same quarter last year.
- The company strengthened its cash flow from high levels and signed 4 acquisitions during the quarter, with an additional agreement to acquire a large company in Germany.
- The business area Electrification was a main driver of sales, showing strong demand and solid order intake in key segments.
- Addtech AB (ADDHY) maintained a consistently strong return on capital employed of 22%, demonstrating efficient use of capital.
- The company has a positive view of the acquisition market with a well-filled pipeline, expecting to continue acquisitions at a good pace in 2026.
- Net sales increased by only 1%, with a negative currency effect of 3%, indicating challenges in achieving higher organic growth.
- The business areas Medical, Sawmill, and Defense experienced weaker development due to tough comparisons.
- Automation and Energy & Safety saw a sales drop year-over-year, with Automation still facing a challenging market situation.
- The market situation for Safety remained challenging, with large variations between segments and tough comparisons in demand and sales.
- Input costs increased in some companies within Electrification, hampering earnings growth and profitability.
Welcome to the Addtech Q3 2025 report presentation. (Operator Instructions)
Now I will hand conference over to CEO, Niklas Stenberg; and CFO, Malin Enarson. Please go ahead.
Good morning, everyone, and most welcome to Addtech's third quarter report presentation. We will use approximately 20 minutes to summarize and give our comments on the results and then followed by a Q&A session. Before we dig into that, a very quick summary of the key fundamentals of Addtech.
We have a group of plus 115 independent and strict decentralized companies in 20 countries with a clear business-to-business offering. We operate now in 6 business areas, all with clear strategies and value proposition centered around niche products and solutions primarily to manufacturing and infrastructure sectors. Since this is the first quarter according to the new organization, I will come back with a few comments to that a bit later.
We have dual growth ending. Our focus is to develop and
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