Q3 2024 Alimak Group AB (publ) Earnings Call Transcript
Key Points
- Alimak Group AB (LTS:0R8W) delivered a solid performance in Q3 2024 with an adjusted EBITA margin of 17.8%, nearing their target of over 18%.
- The Facade Access division showed significant improvement with an EBITA margin increase to 11.5% from 7.8% last year.
- The company has a strong balance sheet and cash conversion, with leverage reduced to 2.12, aligning with their target of being below 2.5.
- Order intake in the Facade Access division increased by 20% and 25% in constant currency, supported by significant infrastructure projects.
- Alimak Group AB (LTS:0R8W) continues to focus on sustainability targets, including a CO2 reduction goal of 30% by 2025/19 and an ESG assessment for over 80% of suppliers.
- Order intake for the group was down 5% overall, with a 2% decrease at constant currencies, indicating challenges in some divisions.
- The construction division faced a challenging market with a 28% decrease in order intake, reflecting ongoing difficulties in the sector.
- The company's backlog is reportedly down between 5% and 10% compared to the end of Q3 last year, raising concerns about future sales growth.
- The construction market is expected to remain challenging for the next 2-3 quarters, potentially impacting future performance.
- Despite improvements, the wind division operates in a challenging market dependent on government regulations and larger OEMs, which could affect stability.
Please go ahead.
Thank you and welcome everyone to this quarter, 3 2024 call. And with me, as you know, I have SYLVAIN ,so turning page first, a short recap.
Yeah, you know, but I guess most of you know, we are a diversified global industrial company present all around the world, operating out of five customer centric divisions. And I think also important to mention is that we have some good fundamentals for our business supported by global trends, like the health and safety focus, more regulations in this area, urbanization, more happening at height, but also in general in industrial investments.
I think it's also a very important element which is helping to drive our fundamentals for growth.
We do have a leading market position, Indonesia is where we operate. We have a large installed base throughout history in the out in the market all around the world. And we also drive a very important service business in all our divisions. And with that base, of course, we
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