Year-end report 2025, January – December

Core Insights - The company reported strong delivery volumes in the fourth quarter, driven by increased capacity in North America and the fulfillment of a significant order backlog from late 2024 and early 2025 [4][5] - The overall order intake for the quarter was SEK 854 million, reflecting a 3% organic increase despite challenging comparisons from the previous year [5] - Full-year revenue reached a record SEK 3,577 million, with a reported increase of 17% and an organic increase of 3% [6] Quarterly Performance - The fourth quarter's revenue was SEK 951 million, marking an organic increase of 23% compared to SEK 807 million in the same quarter of the previous year [6][11] - Adjusted EBIT for the quarter was SEK 268 million, corresponding to a margin of 28.2%, significantly higher than the previous year's margin of 20.2% [11] - Cash flow from operating activities for the quarter amounted to SEK 231 million, up from SEK 177 million year-over-year [12] Full-Year Performance - Total order intake for the year was SEK 3,456 million, representing a 10% organic increase from SEK 2,812 million in 2024 [5][8] - Adjusted EBIT for the full year reached SEK 911 million, with a margin of 25.5%, compared to 21.8% in the previous year [11] - The company proposed a dividend of SEK 4.80 per share, a significant increase from the previous year [8] Market and Regional Insights - The company observed continued improvement in Europe and the Middle East, with Germany showing growth in both revenue and order intake [7] - North America experienced a temporary decline in order intake compared to earlier in the year, but high delivery volumes were maintained [7][9] - The demand outlook for 2025 indicates a gradual improvement compared to 2024, particularly in the European market, despite a cautious customer approach [8] Strategic Developments - The company signed a binding agreement to acquire Molex's industrial communications business, expected to enhance its product offerings and create cross-selling opportunities [15] - A new organizational structure will be implemented from January 1, 2025, aimed at strengthening customer focus and cross-selling capabilities [8] - The company remains cautiously optimistic about short to medium-term growth, while acknowledging uncertainties in the macroeconomic environment [16]