INTERIM REPORT 1 APRIL - 31 DECEMBER 2025

Niklas Stenberg, President and CEO, and Malin Enarson, CFO

ADDTECH IN BRIEF

Net sales

SEK >22 bn

EBITA-margin

15.5%

Employees

~4,500



MORE THAN 150 COMPANIES IN 20 COUNTRIES

LEADING TECHNICAL SOLUTIONS FOR A SUSTAINABLE TOMORROW AUTOMATION ELECTRIFICATION ENERGY INDUSTRY PROCESS SAFETY

  • International B2B value proposition in six business areas

    ▪ +150 independent companies offering high-tech products and solutions - primarily to manufacturing and infrastructure sectors

  • Dual growth engine: Organic growth & acquisitions in strategic niches

  • Listed since 2001

R12 2025/26

QUARTER 3

  • Solid quarter with high demand, good earnings growth and high acquisition pace

  • Net sales up 1% of which 1% organic - FX-effects effected negatively with -3%

  • EBITA increased 9% with a high margin of 15.6%

▪

▪

High acquisition pace

First quarter according to the new

organisation

HIGHLIGHTS

Net sales

SEK 5,556 m, +1%



EBITA-margin

15.6%

From 14.4%



QUARTER 3

NET SALES DEVELOPMENT

  • Solid business situation overall - variations between segments remains

  • Total net sales up 1% of which 1% was organic - FX effected negatively with -3%

  • Strongest business momentum during the quarter in the energy and special vehicles segments - partly offset by a weaker development within medical, sawmill and defence

  • High customer activity with solid order intake and a positive book-to-bill



    QUARTER 3

    EBITA DEVELOPMENT

  • Continued good earnings growth

  • EBITA increased 9% with an improved margin of 15.6% (14.4)

  • The operative cashflow strengthened from high levels and our long-term target P/WC increased to 78% (74)













    INDUSTRY 4.0 SMART PRODUCTION DEFENCE

DECARBONISATION ENERGY STORAGE POWER SUPPLY

RENEWABLE ENERGY POWER GRID BUILD OUT

ENERGY-INTENSIVE INDUSTRY

FIBER BASED MATERIALS DRIVERS ERGONOMY WASTE MANAGEMENT

AIR/WATER REGULATIONS

ENERGY EFFICIENCY/OPTIMIZED FLOW

GREEN ENERGY

~25

COMPANIES

3,449

R12 NET SALES, SEKM

10.9

R12 EBITA MARGIN,%

~30

COMPANIES

3,420

R12 NET SALES, SEKM

13.9

R12 EBITA MARGIN,%

~20

COMPANIES

4,124

R12 NET SALES, SEKM

18.9

R12 EBITA MARGIN,%

~35

COMPANIES

4,642

R12 NET SALES, SEKM

20.1

R12 EBITA MARGIN,%

~30

COMPANIES

3,912

R12 NET SALES, SEKM

14.3

R12 EBITA MARGIN,%

~20

COMPANIES

3,082

R12 NET SALES, SEKM

13.9

R12 EBITA MARGIN,%

THREAT LANDSCAPE DIGITALIZED WORLD LEGAL REQUIREMENTS

SAFETY

PROTECTION SOLUTIONS

SYSTEM SECURITY

PROCESS

PROCESS SYSTEMS EMISSION CONTROL PROCESS CONTROL

INDUSTRY

MATERIAL PROCESSING

VECHICLE SOLUTIONS GENERAL INDUSTRY

ENERGY

SUPPLY UTILITIES

ELECTRIFICATION

BATTERY SYSTEMS MOBILITY

POWER PRODUCTS

AUTOMATION

MOTION & DRIVES IT & SENSORS





STRONG POSITION IN SIX AREAS

QUARTER 3



AUTOMATION

MOTION & DRIVES IT & SENSORS

BUSINESS AREA DEVELOPMENT

Net sales SEK 863 m (920) -6%

EBITA SEK 95 m (105) -9%

EBITA-margin 11.1% (11.3)

ELECTRIFICATION

BATTERY SYSTEMS MOBILITY

POWER PRODUCTS

Net sales SEK 847 m (796) 6%

EBITA SEK 106 m (99) 8%

EBITA-margin 12.6% (12.5)

ENERGY

SUPPLY UTILITIES

Net sales SEK 960 m (988) -3%

EBITA SEK 200 m (158) 27%

EBITA-margin 20.8% (15.9)

INDUSTRY

MATERIAL PROCESSING

VECHICLE SOLUTIONS GENERAL INDUSTRY

Net sales SEK 1,130 m (1,063) 6%

EBITA SEK 232 m (203) 15%

EBITA-margin 20.5% (19.0)

PROCESS

PROCESS SYSTEMS EMISSION CONTROL PROCESS CONTROL

Net sales SEK 1,007 m (930) 8%

EBITA SEK 124 m (122) 1%

EBITA-margin 12.3% (13.2)

SAFETY

PROTECTION SOLUTIONS

SYSTEM SECURITY

Net sales SEK 758 m (793) -4%

EBITA SEK 118 m (109) 8%

EBITA-margin 15.6% (13.9)

    • Improved business situation in Q3

    • The overall market situation was good with strengthened demand within mechanical industry and defence while medical and process industry were unchanged

    • Positive effects in the quarter from initiated restructuring measures

    • Strong market situation during the quarter with solid development in all key segments

    • The business situation was overall stable, but a weaker product mix and high input costs had a negative impact on the result and margins

    • Overall, a stable quarter supported by a recovery in demand for infrastructure products

    • The market situation was good within renewable power generation, niche products for power distribution, transport and mechanical while the demand was weak within medical and telecom

    • Improved product mix and good leverage on increased sales volumes improved the margin

    • Very good demand situation during the quarter

    • The weak market situation within the sawmill industry remained but was offset by good development within subsea, data and telecom and special vehicles

    • Positive effects on margins from an improved product mix and solid contribution from acquisitions

    • Stable market situation in the third quarter

    • Favorable market situation within energy and special vehicles while mechanical industry and forestry & process was stable. Marin and medical was weak

    • A weaker product mix and too high costs in a couple of companies effected the margins negatively

    • The market situation was overall stable but with large variation between segments

    • The demand within medical and data halls decreased, building and installation remained challenging while it was favorable within traffic safety, electronics and energy

    • Improved product mix and initiated restructuring measures improved the margin



      PERIOD 1 APRIL - 31 DECEMBER

      SOLID TREND

  • Net sales increased by 5% to SEK 16,845 m (16,046)

  • The organic growth amounted to 2%, acquired growth amounted to 6% and the negative FX-effect was -3%



  • EBITA increased by 10% and amounted to SEK 2,630 m (2,385) corresponding to an EBITA-margin of 15.6% (14.9)

  • Operating profit increased by 10% and amounted to SEK 2,223 m (2,014) corresponding to an operating margin of 13.2% (12.6)

  • Profit after tax increased by 14% and amounted to SEK 1,591 m (1,397)

  • Cash flow from operating activities amounted to SEK 2,134 m (1,848)

  • Earnings per share before dilution amounted to SEK 5.70 (5.05)

    KEY FINANCIALS SUMMARY

    Group Summary, SEKm

    Q3 25/26

    Q3 24/25

    Change

    YTD 25/26

    YTD 24/25

    Change

    Net sales

    5,556

    5,481

    1%

    16,845

    16,046

    5%

    EBITA

    864

    790

    9%

    2,630

    2,385

    10%

    EBITA-margin %

    15.6

    14.4

    15.6

    14.9

    Net financial items

    -41

    -69

    -42%

    -151

    -203

    -26%

    Tax

    -159

    -136

    17%

    -481

    -414

    16%

    EPS, SEK

    1.90

    1.65

    15%

    5.70

    5.05

    13%

    Operating cash flow

    798

    653

    22%

    2,134

    1,848

    15%

    P/WC, % R12

    78

    74

    Net debt/EBITDA, multiple R12

    1.2

    1.6

    Return on capital empl, % R12

    22

    22

    QUARTER 3

    CONTINUED POSITIVE MARGIN TREND



  • Operating margin continues to improve

  • Product mix, pricing power and good contributions from acquisitions as well as good leverage on sales growth

  • Positive effect on profit of SEK 13 m (3) from revaluations of earn-outs

  • Currency effect from revaluation of balance sheet items significantly less positive effect on other income and expenses than last year due to the stronger SEK

  • Restructuring measures are taken in businesses with persistently lower market conditions

  • One-off costs of approx. SEK 6 m in Automation

  • Overhead costs in relation to sales continued good development

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Addtech AB published this content on February 05, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on February 05, 2026 at 08:49 UTC.