Ad
Friday, August 8, 2025
25.1 C
London

The Voice of Scaffolding Since 2008  |  U.K. Edition

HAKI Reports Organic Growth and Stronger Margins

- Advertisement -

HAKI Safety AB, a Swedish scaffolding and safety solutions firm, has posted positive results for the third quarter of 2024, showing organic growth and improved profitability.

The company’s net sales rose by 1 per cent to SEK 253 million (£18.6 million), with a 13 per cent boost from organic sales. However, divestments and exchange rate fluctuations partially offset this, which negatively impacted overall revenue.

Operating profit for the quarter climbed to SEK 25 million (£1.8 million), an increase from SEK 18 million last year. Adjusted EBITA also more than doubled, reaching SEK 18 million (£1.3 million). Net profit after tax stood at SEK 16 million (£1.2 million), up from SEK 10 million in the same period of 2023.

Sverker Lindberg, President and CEO of HAKI Safety, described the performance as a result of operational efficiencies, despite headwinds from divestments and a volatile market. “Our focus on organic growth has paid off, and we’re encouraged by our improved margins,” he said.

Year-to-date performance subdued

Despite the strong quarterly results, HAKI’s performance from January to September saw net sales fall 17 per cent to SEK 758 million (£55.8 million). The company attributed this to divestments and an 8 per cent organic decline.

However, gross margins improved to 35.7 per cent from 33.5 per cent last year, reflecting efforts to tighten operational controls.

The company’s equity/assets ratio remained solid at 48 per cent, while net debt was reduced to SEK 312 million (£23 million) from SEK 333 million in 2023.

HAKI also confirmed a second dividend payment of SEK 0.45 (£0.03) per share, set for November 2024.

The firm, which specialises in scaffolding systems and workplace safety products, is listed on the Nasdaq Stockholm Small Cap and remains a key player in ensuring safe working environments across industries.

- Advertisement -

Popular Categories

Most Read >

Scaffolding Association Joins Build UK to Boost Industry Voice

The Scaffolding Association has formally joined Build UK as...

Pilosio Partners with Sky Climber to Bring FlyDeck System to North America

Italian scaffolding manufacturer Pilosio has entered the North American...

New Zealand to Ease Scaffolding Rules on Construction Sites

New Zealand is set to overhaul its scaffolding regulations...

Scaffolding Industry Mourns the Loss of Founding Leader David Spice

Christchurch, New Zealand — The scaffolding community across New...

TG30 Update Drives Surge in Scaffold Compliance Downloads

The National Access and Scaffolding Confederation (NASC) has seen...
- Advertisements -

Related Articles >

HAKI Finalises Acquisition of Swedish Distributor Trimtec

HAKI Safety has completed the acquisition of Trimtec, a Swedish distributor of high-tech precision equipment, in a deal worth up to SEK 100 million (£7.5m). The move strengthens HAKI’s digital offering and expands...

Latest Topics

NASC and SAIA Join Forces to Elevate Global Scaffold Standards

The National Access & Scaffolding Confederation (NASC) and the...

Pilosio Partners with Sky Climber to Bring FlyDeck System to North America

Italian scaffolding manufacturer Pilosio has entered the North American...

Scaffolding Association Joins Build UK to Boost Industry Voice

The Scaffolding Association has formally joined Build UK as...

ScaffCycle Launches to Help Firms Trade Surplus Scaffold

A new online platform designed to help scaffolding companies...
- Advertisement -