Growth and profit in an unstable market situation
The Algol Group’s business continued to develop steadily in 2025. Net sales increased by approximately two percent to EUR 198 million. The operating result was lower compared to the previous year and fell short of the target set for the year. However, achieving an operating result of almost EUR 7 million euros can still be considered satisfactory considering the unstable market situation.
Outlook for the current year continues to be stable
The current year still looks stable for Algol. Algol Group companies operate in many different sectors and regions, which provides stability also in times of uncertainty. In recent years, we have invested in growth across all our businesses through several corporate and business acquisitions, and we believe these investments will deliver significant performance improvements as demand improves. However, we also anticipate that the prolonged wars, conflicts and tensions may adversely affect demand and the availability of some of the products we sell.
According to our forecast, net sales and the result at the Group level will improve in 2026. We continue to aim for moderate growth, continuous longterm improvement in our results and strengthening our balance sheet.
| 2025 | 2024 | 2023 | |
| Net sales, MEUR | 198 | 194 | 208 |
| EBITDA, MEUR | 8,8 | 9,3 | 13,7 |
| EBIT, MEUR | 6,9 | 7,8 | 12,2 |
| Result after taxes, MEUR | 4,8 | 5,9 | 8,5 |
| ROE, % | 12,4 | 16 | 26 |
| Solidity, % | 51,3 | 49,6 | 44,7 |
| Net debt, MEUR | Net debt free | Net debt free | Net debt free |
| Number of personnel on average | 486 | 485 | 465 |
Further information
Joakim Flinck, CEO, Algol Oy, tel. +358 9 50991 (switchboard)
Algol in brief
Algol is a family-owned business and multi-branch group with more than 130 years of experience in international trade. Algol Group companies import, market and manufacture products for industry and the healthcare sector. In addition, our companies offer services related to their business areas, such as design services, tailored delivery solutions, and installation, maintenance and training services. We are building a successful and sustainable future for our partners. Algol employs approximately 500 experts in nine different countries.
