Fourth quarter of 2025
Order intake increased by 5% to 144,698 T.SEK (138,454)
Revenue increased by 75% to 145,571 T.SEK (83,251)
EBITDA (adjusted) increased to 17,514 T.SEK (5,401)
Operating profit (EBIT) increased to 6,239 T.SEK (-20,958)
Earnings per share were 0.00 SEK (-0.21)
Free cash flow is -16,464 T.SEK (36,137)
Full year of 2025
Order intake increased by 12% to 518,424 T.SEK (463,465)
Revenue increased by 72% to 441,802 T.SEK (257,046)
EBITDA (adjusted) increased to 52,943 T.SEK (-12,069)
Operating profit (EBIT) increased to 9,675 T.SEK (-64,806)
Earnings per share were -0.17 SEK (-0.62)
Free cash flow is -94,821 T.SEK (42,655)
The Board proposes not to pay dividends for 2025
The Annual report will be published no later than 22 April 2026.
The company reached its guidance for 2025 given on December 19, 2025
We achieved an all-time high revenue of 441,8 M.SEK, well within the range of 420-450 M.SEK
EBITDA margin (adjusted) was 12% and in the high end of the range of 7%-13%, achieving a threefold growth compared to 2024
2026 guidance (maintained from January 19)
Revenue: 540-640 M.SEK
EBITDA margin: 5% to 12%
Free cash flow: Negative for the full year 2026, reflecting planned scaling investments
The 2026 outlook represents continued profitable growth from 2025, with revenue increasing more than 30% (midpoint guidance), supported by a healthy order backlog and expanding market opportunities. This growth trajectory reflects the maturation of the existing Business Units and their increasing contribution to group profitability.
Free cash flow will be negative as significant strategic investments will exceed positive cash flow from operations. These investments are essential to capturing market momentum and supporting long-term ...