Beijer Alma AB (FRA:6O4) Q4 2025 Earnings Call Highlights: Strong Asian Growth and Strategic ...

This article first appeared on GuruFocus .

Release Date: February 06, 2026

For the complete transcript of the earnings call, please refer to the full earnings call transcript .

Positive Points

• Beijer Alma AB ( FRA:6O4 ) achieved a 15% EBITA margin growth in 2025, aligning with their annual growth target.

• The company reported a strong performance in Asia, with new customer acquisitions and positive market trends.

• Beijer Alma AB ( FRA:6O4 ) completed two acquisitions in the quarter, expanding their presence in Finland and Sweden.

• The aftermarket business for car springs, accounting for 20% of turnover, has returned to pre-pandemic levels.

• The company has secured new financing with Nordic banks, providing flexibility for future growth and acquisitions.

Negative Points

• Currency fluctuations, particularly the weak dollar, negatively impacted financial results and are expected to continue affecting performance.

• The U.S. market remains slow, with a decline in medical business and halted export of door springs affecting volumes.

• Capital efficiency is below target, currently at 46% against a goal of 50%, indicating room for improvement.

• The company faces challenges in manufacturing enough springs, leading to low stock levels.

• There is ongoing volatility in the Alcom X business, with profitability not yet at desired levels.

Q & A Highlights

• Warning! GuruFocus has detected 7 Warning Sign with FRA:6O4.

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Q: Can you elaborate on the profitability improvement in Levos during Q4 2025? A: The profitability improvement in Levos is primarily due to a positive mix effect with chassis growth and the impact of our savings program, which is delivering the expected results. - CFO Peter Forsland

Q: How should we interpret the 1% organic order intake growth in Levos for Q4 2025? A: The 1% organic order intake growth is mainly due to timing effects, particularly related to door springs. - Acting President and CEO Johnny Alverson

Q: With the strategic shifts in 2025 and changes in leadership, how is the organization adapting? A: The organization is in the early stages of adapting to the new strategic goals, which have been well accepted internally. - Acting President and CEO Johnny Alverson

Q: Regarding the AI chip spring opportunity, how significant is this business for Beijer Alma? A: The AI chip spring opportunity is an interesting market development, but it's too early to provide specific figures on its potential impact. - Acting President and CEO Johnny Alverson