Lindab International AB

Equities

LIAB

SE0001852419

Electrical Components & Equipment

Market Closed - Nasdaq Stockholm Other stock markets 12:00:00 2026-04-21 pm EDT			5-day change	1st Jan Change
160.40 ^SEK	-1.66%		+0.50%	-23.03%

Apr. 20	Emilshus Acquires SEK614 Million Industrial Properties From Catena	MT
Apr. 20	Emilshus Acquires Ten Light Industrial Properties	CI

Lindab International : Quarter 4 (lindab group q4 2025 )

Published on 02/12/2026 at 05:19 am EST

Publicnow

LINDAB INTERNATIONAL AB

-1.66%

‌Ola Ringdahl President & CEO

Lars Ynner CFO

‌highlights

Lindab Group

Sales (SEK m)

Organic growth Acquired growth* Currency effect

Adj. operating profit (SEK m)

Adj. operating margin

Cash flow, op. activities (SEK m)

Improved profitability for Ventilation Systems

Operating profit and margin for the Group strengthened.
Dividend increased to SEK 5.60 per share.
Ventilation Systems
- Organic growth in Ventilation Systems.
- Adjusted operating profit and margin considerably improved.
- Efficiency measures have achieved the
  intended effect.
Profile Systems
- Profitability challenges.
- Exit from Eastern Europe is completed.

‌Stabilisation of sales in Ventilation Systems

Sales per quarter, SEK m

SEK m

Ventilation Systems

SEK m

Lindab Group

Sales, SEK m

Q4 Q1

22 23

Q2 Q3

23 23

Q4 Q1 Q2

23 24 24

Q3 Q4

24 24

Q1 Q2

25 25

Q3 Q4

25 25

Q4 Q1 Q2

Sales, SEK m

Organic Acquired Currency

growth growth effects

Lindab Group

Ventilation Systems Profile Systems

22 23 23

Q3 Q4

23 23

Q1 Q2 Q3

24 24 24

Q4 Q1

24 25

Q2 Q3 Q4

25 25 25

SEK m

Profile Systems

Q4 Q1

22 23

Q2 Q3 Q4

23 23 23

Q1 Q2

24 24

Q3 Q4

24 24

Q1 Q2 Q3 Q4

25 25 25 25

‌Continued margin improvement in Ventilation Systems

Adj. EBIT per quarter

SEK m

Lindab Group

Adj. EBIT, SEK m

Adj. EBIT R12 months, %

SEK m

Ventilation Systems %

Q4 Q1 Q2

22 23 23

Q3 Q4

23 23

Q1 Q2

24 24

Q3 Q4

24 24

Q1 Q2

25 25

Q3 Q4

25 25

Q4 Q1

22 23

Q2 Q3

23 23

Q4 Q1

23 24

Q2 Q3

24 24

Q4 Q1

24 25

Q2 Q3 Q4

25 25 25

SEK m

Profile Systems %

Adj. EBIT, SEK m

Q4 Q1

22 23

Q2 Q3

23 23

Q4 Q1

23 24

Q2 Q3 Q4

24 24 24

Q1 Q2

25 25

Q3 Q4

25 25

‌Solid cash flow from operating activities

MSEK

Quarterly cash flow from operating activities

MSEK

Net debt

Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25

Quarter

R12 M

*Financial net debt: Net debt excluding leasing liabilities and pension related posts. 5

*Financial net debt/EBITDA excluding IFRS 16 : Average financial net debt in relation to EBITDA, excluding IFRS 16 and excluding leasing liabilities and pension related posts.

‌Focus on profitable growth

‌Profitability improvements in Ventilation Systems

Cost-efficient organisation

Structural measures and cost reductions have
improved the gross margin and lowered the cost base.
Successful integrations
Automation and insourcing contribute to increased gross margins.
More room for improvement

Further structural measures underway, leveraging

synergies in production, purchasing and sales.

‌Exit of Profile Systems from Eastern Europe is completed

On 11 December 2024, Lindab Group announced a restructuring of operations in

Eastern Europe. That has now been completed, with no additional write-downs.

Profile Systems 2024 Profile Systems 2026 Status, closing and divestments

Country		Status
Czech Rep.	✓	Closed, Q4 2024
Poland	✓	Closed, Q1 2025
Estonia	✓	Closed, Q1 2025
Slovakia	✓	Divested, Q2 2025
Hungary	✓	Divested, Q4 2025
Romania	✓	Divestment agreement, 23 Dec.*

*Expected to be finalised in Q1 2026.

‌Acquisition focus continues in 2026

29 acquisitions in total since 2020, adding ˃4 billion SEK in revenue.
Actively developing our acquisition pipeline.
Most recent acquisitions 2024-2025

July 2025
Ventia, Poland
December 2024
Acomat, France
October 2024
Atib, France
July 2024
Venti, Denmark

April 2024
TGA KlimaPartner, Germany
March 2024
Airmaster, Denmark
February 2024
Vicon, US 9

‌Somewhat brighter market outlook, but with uncertainties
Gradually improved ventilation market expected in 2026, with Germany as the exception.
For Profile Systems, gradual market stabilisation is expected for H1 and indications of some growth in H2.
Geopolitical uncertainty may affect the
investment climate.
Already implemented investment programme will give strong profitability development when volumes pick up.

Forecast: European construction market

Source: Euroconstruct (Nov-25)

Non-residential Residential Total buildings (non-res + res)

2.7

2,3

1,9

-2.0

-0.7

-2,7

2022

2023

2024

2025

2027

2028

2026

2,1

Real growth (%)

-2

-4

-6

‌For a better climate.

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Disclaimer

Lindab International AB published this content on February 12, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on February 12, 2026 at 10:18 UTC.

Latest news about Lindab International AB

Apr. 20	Emilshus Acquires SEK614 Million Industrial Properties From Catena	MT
Apr. 20	Emilshus Acquires Ten Light Industrial Properties	CI
Apr. 16	Lannebo Sweden Micro Cap shed 3.7 percent in March - small caps outperformed large caps	FW
Apr. 16	Lannebo Småbolag Select fell 5.7 percent in March – increased exposure to Medcap, trimmed Lindab	FW
Apr. 13	Handelsbanken Resumes Coverage of Lindab With Hold Rating	FW
Apr. 13	Handelsbanken initiates coverage on Lindab with Hold rating and SEK 170 price target	FW
Apr. 09	Nordea trims Lindab price target, cites short-term headwinds	FW
Apr. 09	PriorNilsson Sverige Aktiv down 6.30 percent in March - new positions in ABB, Nokia and Sobi	FW
Apr. 09	Nordea trims Lindab price target to SEK 226 (251), reiterates Buy	FW
Apr. 08	Lindab International AB Proposes Dividend for the Financial Year 2025	CI
Mar. 30	SEB cuts Lindab price target to SEK 165 (194), reiterates Hold	FW
Mar. 16	Öhman Småbolagsfond dipped 0.2 percent in February - small caps penalized during earnings season	FW
Mar. 16	Lannebo Småbolag Select rose 3.8 per cent in February - reduced holdings in Sagax and Lindab	FW
Mar. 13	Dometic proposes two new board members	FW
Mar. 10	PriorNilsson Sverige Aktiv rose 3.51 percent in February – four new holdings added	FW

Chart Lindab International AB

Duration

Period

LIAB: Dynamic Chart

Company Profile

Lindab International AB is a Sweden-based company that develops, manufactures and distributes products and system solutions for construction and indoor climate. The Companyâ€™s activities are divided into three business areas: Ventilation, which offers duct systems with accessories, as well as solutions for ventilation, heating and cooling for a controlled indoor climate; Building Components, providing steel products and systems for roof drainage, roof and wall cladding, as well as steel profiles for walls, roof and beam constructions; and Building Systems, which supplies pre-engineered steel building systems and a information technology (IT) software, which enables the project planning and quotation process for designers and contractors. Furthermore, the Company operates worldwide through a number of subsidiaries in Sweden, the Czech Republic, Denmark, Russia, the United Kingdom, Luxembourg, Poland, Hungary, Germany, and Switzerland, among others.

Employees

4,958

Sector

Electrical Components & Equipment

Calendar

May. 06 - Earnings release - Q1 2026

More about the company