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THE YEAR IN BRIEF

AddLife 2025

In 2025, the companies within AddLife continued to develop positively, with improved profitability and stronger cash flows.
The demand for healthcare is constantly increasing, while new technologies in diagnostics and research enable earlier and more patient-specific diagnostics. At the same time, there is an ongoing staff shortage and growing patient waiting lists. In this environment, solutions that increase productivity, free up time for healthcare professionals, and improve clinical outcomes are becoming increasingly important. During the year, AddLife’s companies have met this need with advanced products, digital solutions, and strong, trusted local service organisations that ensure that new technologies and methods work in customers’ operations.

20250925 CONGRESO SEGOVIA MBA 62 1000PX

3%

ORGANIC GROWTH

8%

EBITA GROWTH*

12.1%

ADJUSTED EBITA MARGIN*

1,392

CASH FLOW SEKm


Improving margins remained the highest priority during the year. Through efficiency improvements, more active pricing and a gradual shift in the product portfolios towards more advanced and profitable offerings, the companies have further strengthened their positions and margins. Both business areas clearly improved their EBITA margins for the full year, with Labtech at 12.5 percent (11.7) and Medtech at 12.4* percent (11.5).

* Adjusted for divestment of operations

Chart: Earnings growth

Our business areas

Medtech is the largest business area and accounts for 62 percent of sales, while Labtech accounts for 38 percent.

Medtech

6,495
SEKm

62%

Labtech

3,953
SEKm

38%

 

Net sales by market and region 2025

Net sales, adjusted for currency effects, developed in line with market growth. Organic growth amounted to 3 percent, acquired growth was 1 percent and changes in exchange rates had a negative impact of 3 percent on net sales.

Chart: Net sales by market 2025
9% 38% 19% 32% 2% CENTRAL &EASTERN EUROPE WESTERN EUROPE SOUTHERN EUROPE NORDICS REST OF THE WORLD

Through dedicated efforts in the companies, cash flow has improved significantly in recent years and continued to strengthen in 2025. The ambition to reduce debt has been achieved and even exceeded.

In 2025, three acquisitions were completed that strengthen AddLife’s position in selected markets and within prioritised segments. The company is thus entering 2026 with improved profitability, a stronger financial position, and a clear plan to combine organic growth with increased, acquisition-driven expansion.

SEKm 2025 2024 2023
Net sales 10,442 10,286 9,685
EBITA 1,417 1,159 1,135
EBITA margin, % 13.6 11.3 11.7
Adjusted EBITA 1,259 1,165 1,015
Adjusted EBITA margin, % 12.1 11.3 10.5
Profit for the year 562 254 192
Earnings growth, % 121 32 -60
Cash flow from operating activities 1,392 1,095 773
Financial net liabilities/EBITDA, multiple 2.2 3.2 3.5
Number of acquisitions 3 1 1

Events during the year 2025

DECEMBER APRIL 2025 2026 DECEMBER AddLife acquiresEdge Medical AddLife acquiresOpitek International AddLife acquiresPharmacold 2.2xNet debt/EBITDA

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