ALLIGO-BNasdaq StockholmConsumer DiscretionaryIFRS · SEK

Alligo

Alligo is a prominent player in the Nordic region, specializing in workwear, personal protective equipment, tools, and consumables. The company has established a strong presence through its concept brands Swedol and Tools, alongside independent brands, catering to professional users across Sweden, Norway, and Finland. Alligo's integrated organization and scalable platform enable it to drive sustainable growth both organically and through acquisitions. The company is committed to becoming a leader in sustainable development within its industry.

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Revenue9,551m SEK
+2.3 %y/y
Operating profit (EBIT)471m SEK
−6.7 %y/y
EBIT margin4.9%
−0.5 ppy/y
Net income269m SEK
−3.6 %y/y
Free cash flow798m SEK
−7.1 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

02,0004,0006,0008,00010,000m SEK2021: 8,475 m SEK2021: EBIT 427 m SEK20212022: 9,211 m SEK2022: EBIT 669 m SEK20222023: 9,335 m SEK2023: EBIT 748 m SEK20232024: 9,333 m SEK2024: EBIT 505 m SEK20242025: 9,551 m SEK2025: EBIT 471 m SEK2025TTM 2026: 9,818 m SEKTTM 2026: EBIT 531 m SEKTTM9,818531
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year

Business

Share of revenue
Workwear and PPE40 %

Includes a range of protective clothing and equipment for various industries.

Tools and Consumables30 %

Comprises tools and consumable products for industrial use.

Concept Brands15 %

Swedol and Tools brands offering a standardized product range.

Independent Brands10 %

Products in niche areas like welding and product media.

Digital Solutions5 %

Smart solutions and digital channels for customer interaction.

Customers

Alligo serves a diverse range of corporate customers across Sweden, Norway, and Finland. Its customer base includes small and medium-sized enterprises, large industrial companies, and public-sector agencies. This mix provides a balanced and resilient customer segment that supports stable growth. Alligo's focus on professional users ensures that its products and services meet the specific needs of various industries, enhancing customer satisfaction and loyalty.

SMEs

Purchase workwear and tools for operational needs.

Large Industrial Companies

Require comprehensive PPE and tools for safety and efficiency.

Public Sector

Procure standardized safety equipment for various applications.

Strategy

Alligo's strategic priorities focus on leveraging its scalable platform for growth, enhancing operational efficiency, and expanding through acquisitions. The company aims to increase competitiveness by developing its own brands and offering unique product ranges. Sustainability is a core component of Alligo's strategy, with efforts to lead in sustainable development within its industry. The company is also focused on maintaining financial stability and achieving profitable growth.

Scalable GrowthMedium term

To drive long-term profitability and market expansion.

Sustainability LeadershipLong term

To reduce risk and enhance competitiveness.

Geography

Alligo operates primarily in the Nordic region, with a significant presence in Sweden, Norway, and Finland. The company has established a network of stores and digital channels to serve its customers effectively. Sweden accounts for the largest share of revenue, followed by Norway and Finland. This geographic distribution allows Alligo to leverage stable markets and mitigate risks associated with economic fluctuations.

Risks

Alligo faces several risks, including economic fluctuations, geopolitical uncertainties, and competitive pressures. The weak economy and market challenges can impact demand and profitability. Geopolitical tensions and protectionism may affect raw material prices and supply chains. Additionally, currency fluctuations, particularly a weak Swedish krona, can increase costs and pressure margins. The company mitigates these risks through diversification and strategic planning.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Economic Fluctuations1Geopolitical Uncertainty2Currency Fluctuations3
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Economic FluctuationsImpact: HighLikelihood: High

    Affects demand and profitability in core markets.

  2. Geopolitical UncertaintyImpact: MediumLikelihood: Medium

    Impacts raw material prices and supply chains.

  3. Currency FluctuationsImpact: MediumLikelihood: Medium

    Weak krona increases costs, affecting margins.

Accounting

Judgemental items
Fair Value Measurements

Significant judgment in valuing contingent considerations.

Impact: Affects liabilities and profit

Business Combinations

Influences revenue and EBITA through acquisitions.

Impact: Reported financial performance

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Last updated: 24/09/2026