Alimak Group AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 24, 2023 at 02:00 am EDT
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Alimak Group AB (publ) reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was SEK 1,730 million compared to SEK 1,095 million a year ago. Net income was SEK 141 million compared to SEK 77 million a year ago. Basic earnings per share from continuing operations was SEK 1.32 compared to SEK 1.08 a year ago. Diluted earnings per share from continuing operations was SEK 1.32 compared to SEK 1.08 a year ago.
For the nine months, sales was SEK 5,259 million compared to SEK 3,109 million a year ago. Net income was SEK 395 million compared to SEK 246 million a year ago. Basic earnings per share from continuing operations was SEK 4.14 compared to SEK 3.45 a year ago. Diluted earnings per share from continuing operations was SEK 4.14 compared to SEK 3.45 a year ago.
Alimak Group publ AB is a Sweden-based company active in industrial equipment sector. It offers vertical access solutions to customers in the construction industry, as well as other sectors. The Company develops and manufactures construction hoists, industrial elevators, mast climbing work platforms, transport platforms and material hoists. It operates in four business segments: Construction Equipment, which designs, develops, manufactures and distributes lifts for temporary installation; Industrial Equipment, providing lifts for permanent installations; Rental, offering renting and service of the Companyâs equipment; and After Sales, comprising service, spare parts, upgrades and trainings. Its product lines are Alimak, Champion, Heis-Tes and Hek. The Company is active in Norway, France, Germany, the United Kingdom, Korea, Singapore, Malaysia, Italy, Spain, China, the United States, Brazil and India, among others.
ALIMAK GROUP AB 
