Interim report: January – March 2025

Core Insights - The company reported a strong start to the year with a significant increase in order intake and net sales, indicating positive market trends despite challenges [3][5][8] Financial Performance - Order intake for the first quarter reached SEK 930 million, a growth of 97% year-over-year, with 12% being organic growth [3][8] - Net sales for the quarter amounted to SEK 890 million, reflecting a 44% increase, although organic sales decreased by 17% due to a large order book from the previous year [5][8] - Adjusted EBIT was SEK 218 million, corresponding to a 24.5% adjusted operating margin, showing improvement from the previous year [8][10] - Cash flow from operating activities was SEK 187 million, significantly higher than the previous year's SEK 58 million [8][10] Divisional Performance - The company has reorganized into three divisions: Industrial Data Solutions (IDS), Industrial Network Technology (INT), and New Industries (NI), all showing positive development [4][12] - The INT division contributed the most to growth, benefiting from customers' inventory adjustments [4] Geographic Insights - The USA market is performing better compared to Germany and Central Europe, with strong growth noted in the Middle East [7][8] Acquisitions - The integration of last year's acquisitions, Red Lion Controls and PEAK-System, has shown positive momentum, contributing to the company's growth [4][11] Market Outlook - The company anticipates challenges due to tariffs affecting exports from the EU to the US, with 15% of sales impacted [14][17] - Long-term growth is expected in the Industrial ICT sector, driven by increased manufacturing in the US [18]