Alimak Group AB Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 12, 2024 at 02:00 am EST
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Alimak Group AB (publ) reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was SEK 1,838 million compared to SEK 1,403 million a year ago. Net income was SEK 121 million compared to SEK 130 million a year ago. Basic earnings per share from continuing operations was SEK 1.13. Diluted earnings per share from continuing operations was SEK 1.13.
For the full year, sales was SEK 7,097 million compared to SEK 4,512 million a year ago. Net income was SEK 515 million compared to SEK 376 million a year ago. Basic earnings per share from continuing operations was SEK 5.25.
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 
