OTHER FINANCIAL INFORMATION
Profitability, financial position and cash flow
The return on equity at the end of the period was 28 percent (29) and return on capital employed was 22 percent (22). Return on working capital P/WC (EBITA in relation to working capital) amounted to 81 percent (77).
At the end of the period the equity ratio amounted to 42 percent (41). Equity per share, excluding non-controlling interest, totalled SEK 31.85 (26.95). The Group's net debt at the end of the period amounted to SEK 5,437 million (5,022), excluding pension liabilities of SEK 241 million (264). The net debt/equity ratio, calculated on the basis of net debt excluding provisions for pensions amounted to 0.6 (0.6).
Cash and cash equivalents consisting of cash and bank equivalents and approved but non-utilised credit facilities amounted to SEK 5,263 million (3,163) on 30 June 2026. During the first quarter of the 2026/2027 financial year, the financing structure was strengthened through the raising of new debt. Addtech AB entered into a loan agreement with Nordic Investment Bank for SEK 1,000 million with a tenor of 8 years.
Cash flow from operating activities amounted to SEK 605 million (477) during the period. Company acquisitions and disposals including settlement of contingent consideration regarding acquisitions implemented in previous years amounted to SEK 311 million (258). Investments in non-current assets totalled SEK 46 million (35) and disposal of non-current assets amounted to SEK 1 million (1). Repurchase of call options amounted to SEK 9 million (2) and exercised call options totalled SEK 21 million (6).
Employees
At the end of the period, the number of employees was 4 962 compared to 4 861 at the beginning of the financial year. During the period, completed acquisitions resulted in an increase of the number of employees by 83. The average number of employees in the latest twelve month period was 4 725.
Ownership structure
At the end of the period the share capital amounted to SEK 51.1 million.
| Class of shares | Number of shares | Number of votes | Percentage of capital | Percentage of votes |
| Class A shares, 10 votes per share | 12,864,384 | 128,643,840 | 4.7% | 33.1% |
| Class B shares, 1 vote per share | 259,929,600 | 259,929,600 | 95.3% | 66.9% |
| Total number of shares before repurchases | 272,793,984 | 388,573,440 | 100.0% | 100.0% |
| Repurchased class B shares | 2,714,958 | 1.0% | 0.7% | |
| Total number of shares after repurchases | 270,079,026 |
Addtech has three outstanding call option programmes for a total of 2,076,000 shares. Call options issued on repurchased shares entail a dilution effect of about 0.1 percent during the latest twelve month period. Addtech's own shareholdings fully meet the needs of the outstanding call option programmes.
| Outstanding programme | Number of options | Corresponding number of shares | Proportion of total shares | Exercise price | Expiration period |
| 2025/2029 | 761,575 | 761,575 | 0.3% | 392.70 | 5 Sep 2028 - 8 Jun 2029 |
| 2024/2028 | 639,925 | 639,925 | 0.2% | 388.80 | 6 Sep 2027 - 9 Jun 2028 |
| 2023/2027 | 674,500 | 674,500 | 0.2% | 221.00 | 7 Sep 2026 - 9 Jun 2027 |
| Total | 2,076,000 | 2,076,000 |
Acquisitions and disposal
On 1 April, Staka Holding B.V., Netherlands, was acquired to become part of the Safety business area. Staka designs, manufactures, and sells customized outdoor enclosures primarily to European installation and OEM customers across sectors such as energy, infrastructure and water management. The company has 60 employees and sales of around EUR 15 million.
On 19 may, Nijhuis Engineering B.V., Netherlands, was acquired to become part of the Electrification business area. Nijhuis develops and supplies patented system solutions for road and rail construction machinery. The offer includes safety, load handling, and electrical conversion systems and is sold under its own brand mainly to European retailers and end users, primarily within the railway segment. The company has 23 employees and sales of around EUR 6 million.
The purchase price allocation calculations for the acquisitions completed during the period 1 April - 30 June 2025 have now been finalised. No significant adjustments have been made to the calculations. Acquisitions completed as of the 2025/2026 financial year are distributed among the Group’s business areas as follows:
| Acquisitions 2025/2026 | Closing | Acquired share, % | Net sales, SEKm* | Number of employees* | Business Area |
| AMP Power Protection Ltd., Great Britain | April, 2025 | 100 | 70 | 20 | Electrification |
| Novatech Analytical Solutions Inc., Canada | April, 2025 | 90 | 260 | 60 | Process |
| innovatek OS GmbH, Germany | September, 2025 | 100 | 135 | 52 | Electrification |
| Cubro Acronet GesmbH, Austria | January, 2026 | 80 | 165 | 37 | Automation |
| BCK Holland B.V. and Kramer & Duyvis B.V., Netherlands | January, 2026 | 100 | 90 | 35 | Automation |
| Purenviro AS, Norway | January, 2026 | 100 | 50 | 7 | Process |
| Axion AG, Germany | January, 2026 | 80 | 255 | 28 | Industry |
| Kapp Nederland B.V., Netherlands | February, 2026 | 90 | 155 | 15 | Process |
| RAMME Electric Machines GmbH, Germany | March, 2026 | 100 | 415 | 156 | Electrification |
| Acquisitions 2026/2027 | Closing | Acquired share, % | Net sales, SEKm* | Number of employees* | Business Area |
| Staka Holding B.V., Netherlands | April, 2026 | 100 | 165 | 60 | Safety |
| Nijhuis Engineering B.V., Netherlands | May, 2026 | 100 | 65 | 23 | Electrification |
| * Refers to assessed condition at the time of acquisition on a full-year basis. | |||||
If all acquisitions which have taken effect during the period had been completed on 1 April 2026, their impact would have been an estimated SEK 51 million on the Group's net sales, about SEK 6 million on operating profit and SEK 5 million on profit after tax for the period.
Addtech normally employs an acquisition structure comprising basic purchase consideration and contingent consideration. The outcome of contingent purchase considerations is determined by the future earnings reached by the companies and is subject to a fixed maximum level. Of considerations not yet paid for acquisitions during the period, the discounted value amounts to SEK 16 million. The contingent purchase considerations fall due for payment within three years and the outcome is subject to a maximum of SEK 27 million.
Transaction costs for acquisitions that resulted in an ownership transfer during the period amounted to SEK 3 million (7) and are reported under Selling expenses.
Revaluation of contingent consideration had a positive net effect of SEK 14 million (17) during the period. The impact on profits is reported under Other operating income and Other operating expenses, respectively.
According to the preliminary acquisitions analyses, the assets and liabilities included in the acquisitions were as follows, during the period:
|
Fair value SEKm | 30 Jun 2026 | 30 Jun 2025 |
| Intangible non-current assets 1) | 87 | 158 |
| Other non-current assets | 15 | 1 |
| Inventories | 25 | 31 |
| Other current assets | 70 | 100 |
| Deferred tax liability/tax asset | -21 | -39 |
| Other liabilities | -35 | -88 |
| Acquired net assets | 141 | 163 |
| Goodwill 2) | 125 | 158 |
| Non-controlling interests 3) | - | -16 |
| Consideration 4) | 266 | 305 |
| Less: cash and cash equivalents in acquired businesses | -15 | -35 |
| Less: consideration not yet paid | -18 | -59 |
| Effect on the Group’s cash and cash equivalents | 233 | 211 |
| 1) Intangible assets refer to goodwill related to acquired customer and supplier relationships. | ||
| 2) Goodwill is justified by expected future sales trend and profitability as well as the personnel included in the acquired companies. | ||
| 3) Non-controlling interests have been measured at fair value, which entails that goodwill is also reported for non-controlling interests. | ||
| 4) The consideration is stated excluding transaction costs for the acquisitions. | ||
Parent Company
Parent Company's net sales during the period amounted to SEK 33 million (29) and profit after financial items was SEK 8 million (-18). Net investments in non-current assets were SEK 0 million (0). The Parent Company's financial net assets was SEK 1,362 million at the end of the period (831).