Weakness In U.S. MarketAn 8% decline in the Americas, driven by U.S. weakness, reflects structural commercial execution challenges in a key market. Prolonged underperformance there can erode share in a high-margin region, require sustained remedial investment, and limit medium-term revenue recovery.
Low Return On EquityA modest ROE (~3.15%) and low net margins indicate limited returns on shareholder capital. Persistently low profitability constrains organic funding for growth, raises pressure on management to improve margins or alter product mix, and can limit long-term shareholder value creation.
Order Volatility / Backlog RiskA SEK 2.2bn backlog cancellation following a stricter order review highlights structural sensitivity to tender terms and project criteria. Such order volatility reduces revenue visibility across quarters and increases execution risk in large, timetable-dependent capital-equipment sales.