Systemair reports 6 percent growth as profitability nears target
Systemair AB posted a 6 percent rise in net sales to SEK 3,281 million for the first quarter of the 2026/27 financial year. The Sweden-based ventilation firm saw its adjusted operating margin climb to 9.9 percent, bringing the company within striking distance of its stated 10 percent profitability goal.
Organic growth mirrored the overall sales increase, bolstered by strong performances in North America and Eastern Europe, where both regions recorded double-digit expansion. CEO Robert Larsson attributed the improved figures to targeted internal initiatives, noting that all operating regions contributed to the positive quarterly result. Adjusted operating profit reached SEK 324 million, up from SEK 288 million in the same period last year.
The company also expanded its footprint in July by acquiring Temspec Incorporated, a Canadian manufacturer specializing in decentralized ventilation systems. While operating profit rose to SEK 311 million, cash flow from operating activities dipped slightly to SEK 183 million compared to the previous year’s SEK 218 million. Systemair, which operates in 51 countries, maintains a consistent track record of profitability dating back to its founding in 1974.
Comments (0)
No comments yet. Be the first!