“Over a full percentage point improvement in adjusted EBITA margin, solid order intake and order backlog, strong cash conversion, despite some market headwinds, are true testaments of our capabilities and future potential.”
Jacob Götzsche, Group CEO
Q4 | October–December 2025 (“the quarter”)
- Revenue for the quarter increased by 4.0 percent to SEK 11,498 million (11,060). Organic growth was 5.6 percent whilst acquisitions and currency effects were 1.3 percent and -3.0 percent, respectively.
- Adjusted EBITA increased by 19.8 percent to SEK 1,107 million (924), and adjusted EBITA margin was 9.6 percent (8.4).
- EBITA increased to SEK 1,223 million (38), and EBITA margin was 10.6 percent (0.3). Items affecting comparability had a positive impact and amounted to SEK -116 million (886).
- The result for the quarter amounted to SEK 593 million (-654).
- During the quarter, three acquisitions were completed with a total of 55 new employees and combined estimated annual net sales of SEK 143 million. In addition, one divestment was completed involving 12 employees and SEK 20 million in annual revenue.
- Order intake increased to SEK 12,887 million (10,444).
Q1-Q4 | January–December 2025 (“the period”)
- Revenue for the period decreased by 2.2 percent to SEK 41,079 million (42,020). Organic growth was -0.7 percent whilst acquisitions and currency effects were 0.6 percent and -2.1 percent, respectively.
- Adjusted EBITA increased by 14.3 percent to SEK 3,238 million (2,832), and adjusted EBITA margin was 7.9 percent (6.7).
- EBITA increased to SEK 3,323 million (1,323), and EBITA margin was 8.1 percent (3.1). Items affecting comparability had a positive impact and amounted to SEK -85 million (1,509).
- The result for the period amounted to SEK 1,254 million (-590).
- During the period, 17 acquisitions were completed with a total of 302 new employees and combined estimated annual net sales of SEK 744 million, as well as one divestment in the fourth quarter.
- Order intake increased to SEK 43,431 million (42,302).
- Order backlog at the end of the period amounted to SEK 31,534 million (30,805).
Invitation to an investor presentation
On 27 February 2026, at 10:00 CET, the company’s Group CEO and the Deputy Group CEO and Group CFO will present the developments in the quarter in a webcast.
To access the webcast, please use this link to register in advance:
https://assemblincaveriongroup.videosync.fi/2025-q4
To listen to the presentation by telephone, please use this link to register and receive the conference call details:
https://player.videosync.fi/assemblincaveriongroup/2025-q4/dial-in
The presentation material, and a recording of the webcast, will be published on the company’s website at https://www.assemblincaverion.com/investors/reports-and-presentations/.
Additional related information
Additional disclosure for holders of Assemblin Caverion Group Senior Secured Notes, is published on the corporate website under “Investors” https://www.assemblincaverion.com/investors/reports-and-presentations/.
For further information, contact:
For questions concerning this report, please contact Deputy Group CEO and Group CFO Philip Carlsson (philip.carlsson@assemblin.se, tel. +46 10 475 39 50).
For questions concerning operations in general, contact Group CEO Jacob Götzsche (jacob.goetzsche@caverion.com, tel. +45 20 12 11 73) or Head of Group Communications and Sustainability Åsvor Brynnel (asvor.brynnel@assemblin.se, tel. +46 10 475 39 48).
For more information, please visit our website at www.assemblincaverion.com.