NOTEKNasdaq StockholmWaste ManagementIFRS · SEK

Norditek Group

Norditek Group AB is a Swedish environmental technology group that develops, sells and delivers mobile recycling and sorting plants. Its business is built around modular material-recovery solutions for customers that need to separate waste, soil and other materials more finely and efficiently.

Revenue108m SEK
+37.4 %y/y
Operating profit (EBIT)17.3m SEK
+0.0 %y/y
EBIT margin16.0%
−6.0 ppy/y
Net income0.7m SEK
+0.0 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

0255075100125m SEK2021: 72 m SEK2021: EBIT 9.3 m SEK20212022: 92 m SEK2022: EBIT 9.7 m SEK20222023: 78 m SEK2023: EBIT 5.7 m SEK20232024: 78 m SEK2024: EBIT 17 m SEK20242025: 108 m SEK2025: EBIT 17 m SEK202510817
RevenueOperating profit (EBIT)

Business

Share of revenue
Mobile recycling plants55 %

Mobile and flexible plants used to sort and recover materials from waste and soil streams.

Modular sorting systems25 %

Configurable modules combined into customer-specific recycling solutions.

Analysis and solution design10 %

Pre-sales analysis of waste streams, fractions and plant configuration.

Delivery, installation and service10 %

Project delivery, setup and related support for installed systems.

Customers

Norditek sells mainly to industrial and commercial customers that handle waste, soil, aggregates or other recyclable material streams. Buyers use its systems to increase sorting precision, recover more material and improve the economics of recycling operations.

Waste management and recycling operators

Buy mobile sorting and recycling plants to improve recovery rates and throughput.

Construction and earthworks companies

Use systems to separate soil, aggregates and mixed material streams on site.

Industrial material handlers

Need customized separation solutions for process waste and recyclable fractions.

Municipal and infrastructure-related users

Use equipment for local recycling and material handling projects.

Strategy

Norditek’s strategy is centered on developing better material-recovery solutions and selling them through a structured consultative process called Norditektrappan. The company also expands its platform through modular product design and selective acquisitions that add complementary capabilities.

Improve material-recovery solutionsMedium term

Better sorting performance strengthens customer economics and differentiation.

Use Norditektrappan in sales executionShort term

A structured analysis-led sales process improves solution fit and conversion.

Broaden the product platformMedium term

A wider equipment and service base increases relevance across customer projects.

Geography

Norditek is headquartered in Sweden and the reports identify Gothenburg/Askim and Umeå as key locations within the group structure. The business is primarily Nordic in character, with operations, customers and supply-chain exposure tied to Sweden and nearby markets.

Risks

Norditek is exposed to project execution, supply-chain and regulatory risks typical of industrial environmental equipment businesses. The reports also highlight dependence on component availability, logistics conditions and broader legal/regulatory developments that can affect delivery timing and customer demand.

Sorted by severity
Component shortages and long lead timesHigh

Mobile recycling plants depend on sourced components and equipment deliveries.

Exposure: Project delivery timing and customer commitments

Project execution riskHigh

Each solution is tailored, so design or installation issues can affect delivery and acceptance.

Exposure: Order fulfillment and customer satisfaction

Legal and regulatory changeMedium

Demand for recycling solutions depends on waste, environmental and permitting rules.

Exposure: Customer investment decisions

Logistics and raw material cost volatilityMedium

Equipment and transport costs can vary with market conditions and geopolitics.

Exposure: Margins and delivery schedules

Acquisition integration riskMedium

Newly acquired businesses must be integrated into the group’s operating model.

Exposure: TEPA Slitdelar AB and future acquisitions

Accounting

Judgemental items
Revenue recognition on equipment and project contracts

Sales may include design, delivery and installation elements that are recognized differently depending on contract terms.

Impact: Timing of revenue and profit recognition

Lease accounting

Use of premises and equipment can create right-of-use assets and lease liabilities.

Impact: Balance sheet leverage and operating cost presentation

Acquisition accounting

The TEPA Slitdelar acquisition may require allocation of purchase price to assets and liabilities.

Impact: Goodwill, amortization and future impairment risk

Borrowings and financing costs

The group reports credit facilities and interest expense that affect net income.

Impact: Net result and leverage metrics

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Norditek Group (NOTEK) Revenue, Earnings & Financials 2025 – Clarifo