Stainless steel maker Alleima's Q1 revenue beats estimates on Kanthal growth

Alleima AB

27/04/2026 10:41

Overview

Sweden advanced alloys maker's Q1 revenue fell 11% yr/yr but beat analyst expectations

Adjusted EBIT margin declined, affected by weaker markets and significant currency headwind

Company cites challenging Tube division demand, with growth in Medical and Industrial Heating

Outlook

Alleima expects targeted measures to generate annual cost savings of just over SEK 200 mln

Alleima continues to invest in growth initiatives and capacity expansion in key segments

Result Drivers

TUBE DIVISION WEAKNESS - Co said challenging market conditions and postponed investments in Oil and Gas, Chemical and Petrochemical, and Industrial segments hurt Tube division demand

CURRENCY HEADWINDS - Co said adjusted EBIT was negatively impacted by SEK 93 mln in currency effects compared to prior year

KANTHAL DIVISION GROWTH - Co said Kanthal division saw good organic order growth, especially in Medical and Industrial Heating, driven by demand for electric heating solutions

Company press release: ID:nWkr6c27lT

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
SEK 4.58 bln
SEK 4.51 bln (5 Analysts)
Q1 Adjusted EBIT
SEK 386 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the iron & steel peer group is "buy."

Wall Street's median 12-month price target for Alleima AB is SEK78.00, about 6.4% below its April 24 closing price of SEK83.30

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 14 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)