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Systemair AB Year-End Report (2024-2025)

Overview

In the fourth quarter ending April 2025, Systemair AB reported an organic growth of 0.5%, a modest increase compared to the previous quarter's growth of 1.0%. Despite this growth, net sales experienced a decline of 2.2%, amounting to SEK 3,002 million, down from SEK 3,069 million. The adverse currency effects accounted for a 3.0% negative impact on revenue. The company also highlighted an adjusted operating profit (EBIT) of SEK 260 million, demonstrating a step up from the SEK 209 million reported a year prior, reflecting a strong adjusted operating margin of 8.7% for the quarter, compared to last year’s 6.8%.

Financial Performance

• - Operating Profit (EBIT): For the fourth quarter of the fiscal year, Systemair's operating profit totaled SEK 246 million, slightly improved from SEK 233 million in the prior year, maintaining an operating margin of 8.2%.
• - Profit After Tax: The company posted a profit after taxes of SEK 105 million, significantly lower compared to the previous year's SEK 190 million.
• - Earnings Per Share (EPS): Basic earnings per share were SEK 0.50, down from SEK 0.88 in the comparable period last year.
• - Cash Flow: The cash flow from operating activities for the quarter significantly improved to SEK +381 million, up from SEK +191 million, marking a positive trend amid challenging economic times.

For the full fiscal year from May 2024 to April 2025, Systemair exhibited organic growth of 2.0%, albeit a decrease from the 4.1% seen in the previous year. Total net sales increased slightly by 0.4%, reaching SEK 12,301 million, and the currency impact here was a negative 2.0%. The adjusted operating profit for this period totaled SEK 1,125 million, pushing the operating margin to 9.1%, up from 8.8% the previous year.

CEO Commentary

Roland Kasper, President and CEO of Systemair, commented on the report, stating:

“In our fourth quarter, organic growth was 0.5 percent. Given the current economic and geopolitical uncertainties, we are pleased to be able to report organic growth. The trend of the gross margin also remained positive, and the adjusted operating margin firmed up to 8.7 percent in the quarter. This improved performance confirms that our focused efforts are bearing fruit.”

He emphasized the company’s commitment to making long-term investments in production capacity and product portfolio, forecasting a robust outlook for future growth in a more stable market environment.

Dividend Proposal

The Board of Directors has proposed a dividend of SEK 1.35 per share, an increase from SEK 1.20 last year, reinforcing their commitment to returning value to shareholders.

Future Outlook

Systemair's broad international reach in ventilation solutions—with operations spanning across Europe, North America, the Middle East, Asia, Australia, and Africa—is a strategic asset. With sales reaching SEK 12.3 billion and a steadfast employee base of approximately 6,700, Systemair aims to leverage its growth potential in emerging markets even amidst economic fluctuations. The upcoming press and analyst meeting is scheduled for June 5, 2025, which will feature more detailed discussions on the company’s strategies moving forward.

Conclusion

As industries worldwide grapple with economic and geopolitical challenges, Systemair AB remains a resilient player by focusing on strategic investments and operational adjustments. With continued emphasis on improving internal processes and external market engagements, Systemair positions itself to navigate the complexities of the global market effectively.