Fourth quarter of 2025
• Net sales increased by 3.7 percent to SEK 1,931 million (1,863). Organic growth
was 0.3 percent, and order intake was slightly higher than net sales.
• Adjusted operating profit (EBITA) amounted to SEK 252 million (201),
corresponding to an operating margin of 13.1 percent (10.8).
• Operating profit (EBITA) totalled SEK 233 million (179), with an operating
margin of 12.1 percent (9.6).
• Earnings per share were SEK 0.79 (0.59).
• Cash flow from operating activities amounted to SEK 224 million (125),
corresponding to a cash conversion of 93 percent (64).
• Net debt/EBITDA, adjusted, was 2.6 (2.8).
• Acquisition of novia Group with annual sales of approximately EUR 50 million
Growth has been somewhat lackluster for a while now, but considering this, they have managed to improve profitability incredibly well. They are extracting more and more value from acquisitions, and the overall performance will likely improve once organic growth picks up.
Major customer project with a world-leading supplier to the
semiconductor industry
Despite a challenging business climate, we have secured many new and
interesting customer project during the year. I am particularly proud of a new
contract with a world-leading manufacturer of semiconductor equipment,
which will generate large volumes in 2026/2027. It is our subsidiaries Bumax
and Flos that deliver 366 unique items and tailor-made logistics solutions,
resulting in shorter lead times, cost savings and sustainability benefits for the
customer.
I wonder what kind of volumes we are talking about?