Systemair AB Interim Report Q3 2024/25

PRESS RELEASE, 6 MARCH 2025

SKINNSKATTEBERG, Sweden, March 6, 2025 /PRNewswire/ --

Third quarter, November 2024 – January 2025

• Organic growth was +5.4 percent (+0.1).
• Net sales increased by 7.6 percent to SEK 3,042 million (2,827), of which the currency effect amounted to +1.6 percent.
• Adjusted operating profit (EBIT) totalled SEK 213 million (198). The Group's adjusted operating margin was 7.0 percent (7.0).
• Operating profit (EBIT) totalled SEK 201 million (73). The Group's operating margin was 6.6 percent (2.6).
• Profit after tax amounted to SEK 135 million (-24).
• Earnings per share (basic) were SEK 0.62 (-0.12).
• Cash flow from operating activities totalled SEK +206 million (403).

Nine months, May 2024 – January 2025 

• Organic growth was +2.5 percent (+5.2).
• Net sales increased by 1.2 percent to SEK 9,299 million (9,188), of which the currency effect amounted to -1.8 percent.
• Adjusted operating profit totalled SEK 866 million (858). The Group's adjusted operating margin was 9.3 percent (9.3).
• Operating profit (EBIT) totalled SEK 854 million (730). The Group's operating margin was 9.2 percent (7.9).
• Profit after tax amounted to SEK 581 million (464).
• Earnings per share totalled SEK 2.77 (2.23).
• Cash flow from operating activities totalled SEK +800 million (+1,142).

Roland Kasper, President and CEO, comments:

"The quarter shows organic growth of 5.4 percent. All regions except Eastern Europe grew during the quarter. Systemair's third quarter, covering the November–January period, is normally the seasonally weakest. This year's Christmas and New Year holidays brought fewer working days than usual in many of our factories and markets as a result of longer continuous holidays. Against that background, we are pleased to report an adjusted operating margin of 7.0 percent and a robust gross margin. Our consistent drive for continued organic growth and improved profitability is paying off."

Press and analyst meeting will be organised at 09:00 CET on March 6, 2025. The report will be presented by Roland Kasper, CEO, and Anders Ulff, CFO.

To participate in the webcast:

If you would like to participate in the webcast, please register via the link below.

There will be an opportunity to ask questions at any time during the presentation by submitting a written question via webcast.
Q3 Report 2024/2025 

If you wish to participate via teleconference, please register on the link below. After registration you will be provided phone numbers and a conference ID to access the conference. You can ask questions verbally via the teleconference in the end of the presentation.
Call Access

Above information is published at group.systemair.com 

After the event the presentation and webcast will be available on our web
https://group.systemair.com/investor-relations/reports-and-presentations/ 

For further information contact: 
Roland Kasper, CEO, + 46 73 094 40 13
Anders Ulff, CFO, + 46 70 577 40 09

Note: This is information such which Systemair is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 07:00 (CET) on 6 March 2025.

Systemair in brief

Systemair is a leading ventilation company operating in 51 countries in Europe, North America, the Middle East, Asia, Australia and Africa. The company had a turnover of SEK 12.3 billion in the 2023/24 financial year and employs approximately 6,600 employees today. Systemair has reported an operating profit yearly since 1974 when the company was founded. Over the past 10 years, growth has averaged 9.0 percent. Systemair helps improve the indoor climate through energy-efficient products that contribute to reduced carbon dioxide emissions.

Systemair has a well-established business in growth markets. Systemair shares have been quoted on the Nasdaq OMX Nordic Exchange in Stockholm since October 2007 and are today traded on the Large Cap List. The Group comprises about 90 companies.

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