Market and financial development

Market

Throughout the year, strong momentum was noted in the mining segment, driven by favorable commodity prices. The quest to improve mining operations from a sustainable and operational perspective continued to spur investments in digital solutions. The infrastructure market was soft at the beginning of the year but improved throughout the second half. This was most evident in the US, but there were also positive signs in Europe. The improvements were noted across both the demolition and recycling, and aggregates segments.

Financial development

Order intake, at fixed exchange rates, increased by 4 percent, of which 3 percent was organic. Equipment grew by 5 percent and the aftermarket business grew by 2 percent. Revenues at fixed exchange rates increased by 5 percent, of which 5 percent was organic. Pricing and tariff surcharges contributed to the positive revenue development.

Adjusted EBITA amounted to SEK 1,546 million. The operating profit margin was 14.8 percent, negatively impacted by currency. Tariffs were fully mitigated thanks to swift implementation of tariff surcharges.