Nilfisk CEO, Jon Sintorn, comments on the results:
“2025 was a year of focused execution and clear priorities. In a challenging macroeconomic environment, we managed to grow our business and materially improve our cost position by the end of the year. Our teams stayed close to customers, strengthened our cost base, and continued to execute our strategic roadmap. As a result, Nilfisk is more robust, more competitive, and better positioned for the future,” says Jon Sintorn, CEO of Nilfisk.
Financial highlights
|
mEUR |
2025 |
2024 |
|
Revenue |
996.3 |
1,027.9 |
|
Organic growth |
0.2% |
1.2% |
|
Gross margin |
42.0% |
42.2% |
|
Overhead costs |
356.6 |
362.0 |
|
Overhead cost ratio |
35.8% |
35.2% |
|
EBITDA before special items |
129.2 |
139.8 |
|
EBITDA margin before special items |
13.0% |
13.6% |
|
Operating profit (EBIT) before special items |
67.4 |
75.9 |
|
Operating profit (EBIT) margin before special items |
6.8% |
7.4% |
|
Special items, net |
-93.1 |
-6.4 |
|
CAPEX ratio |
3.1% |
4.5% |
|
Free cash flow |
-15.4 |
7.7 |
|
Net interest-bearing debt |
307.3 |
270.1 |
|
Financial gearing |
2.4x |
1.9x |
|
Basic earnings (loss) per share (EPS) |
-1.35 |
1.31 |
Full-year 2025 highlights
Nilfisk delivered organic growth of 0.2% in 2025, in line with the revised outlook communicated on December 11, 2025. Revenue amounted to 996.3 mEUR, corresponding to reported growth of -3.1%, impacted by negative foreign exchange effects and the divestment of the US high-pressure washer business. The 2025 organic growth was negatively impacted by a significant backlog release in the US in H1 2024. Adjusted for the backlog release, the underlying organic growth was positive by 3.2%.
Profitability remained robust, with an EBITDA margin before special items of 13.0%, reflecting disciplined pricing, cost control, and targeted investments. Gross margin was 42.0%, negatively impacted by increased tariffs but partially offset by operational improvements and pricing initiatives.
By region, EMEA and APAC delivered positive organic growth of 2.3% and 3.9%, respectively, supported by solid commercial execution and market share gains. Performance in the Americas continued to be impacted by a negative backlog effect, primarily in the US Professional Business, and softer order intake resulting in organic growth of -4.9%, although progress was made during the year. Adjusted for the backlog effect, the Americas region delivered growth of 4.9%.
Nilfisk continued to execute structural efficiency initiatives in 2025, including production consolidations and cost reduction programs, which are now visible in a more competitive cost base. Working capital discipline and portfolio actions, including the divestment of the US high-pressure washer business, supported financial resilience and will, going forward, positively impact our emissions footprint.