Organic Sales Growth and Revenue
Organic sales of SEK 131 billion in FY2025, representing organic sales growth of 3.9% (close to the 4% mid-term target).
Improved Operating Income
Operating income of SEK 3.7 billion (2.8% of net sales) for FY2025, an improvement of 0.8 percentage points versus prior year.
Major Cost Reduction Delivered
Reached SEK 4.0 billion in cost reductions (upper end of the SEK 3.5–4.0bn communicated range) driven by procurement, value engineering and factory efficiency.
Strong Cash Generation in Q4
Very strong Q4 operating cash flow of SEK 5.2 billion, contributing to full-year operating cash flow of SEK 2.0 billion; Q4 working capital benefited from a SEK 3.0 billion reduction in inventory.
Market Share Gains and Regional Outperformance
Gained market share in Europe, Asia Pacific, Middle East & Africa and Brazil; Europe/APACMEA organic growth in the quarter +3.6% while the market was down 1% (Western Europe -1%, Eastern Europe +2%).
Strong Latin America Performance
Latin America delivered a very strong quarter with volume growth and value market share gains in Brazil; performance was supported by strong Black Friday activity and favorable weather (heat wave).
Sustainability Progress
Meaningful progress on sustainability targets in 2025: reached 45% of the 2021–2030 Scope 1 & 2 reduction target, 33% of the Scope 3 target, 23% recycled material in products (target 35%), and an incident rate of 0.33 (close to 0.3 target).
Solid Liquidity and Leverage Improvement
Liquidity including revolving facilities SEK 32.7 billion; net debt/EBITDA improved to ~3.0x; no financial covenants and a balanced maturity profile (noting an upcoming Oct 2026 maturity).