Alleima AB (publ) (0ABJ.L) Bundle
Step into the story of Alleima AB-a materials technology specialist with roots stretching back to 1862 and more than 160 years of expertise-now an independent company since its 2022 spin-off from Sandvik, headquartered in Sandviken and employing roughly 6,800 employees worldwide; the company forges advanced stainless steels, special alloys, seamless tubes, ultra-fine wires and medical components to serve energy, medical and aerospace sectors while explicitly targeting energy efficiency and reduced CO₂ emissions through its mission to advance industries via materials technology, its vision to be a technology leader and sustainability driver, and its core values-We care, We deliver, We evolve-that shape customer partnerships, innovation and continuous improvement across global operations.
Alleima AB (0ABJ.L) Intro
Alleima AB (0ABJ.L), formerly Sandvik Materials Technology, is a Sweden-headquartered specialist in advanced stainless steels and high-performance alloys. Founded in 1862, the company leverages over 160 years of metallurgical expertise to supply high value‑added products across energy, medical, aerospace, chemical processing and other capital‑intensive sectors. Alleima was demerged from Sandvik in 2022 and operates as an independent listed company focused on materials that enable energy efficiency and lower CO₂ emissions.- Headquarters: Sandviken, Sweden
- Founded: 1862 (heritage through Sandvik Materials Technology)
- Employees: approx. 6,800 (global)
- Listing: Stockholm (ticker 0ABJ.L) - spin-off completed in 2022
- Core product lines: seamless stainless tubes, electric heating elements and tubing, ultra-fine wires, and precision components for medical devices.
- Primary end markets: energy (including oil & gas and power generation), medical technology (implantables and surgical devices), aerospace, chemical and process industries.
- Sustainability emphasis: materials and solutions aimed at improving component life, enabling lighter designs, and reducing energy consumption in customer processes.
| Metric | 2022 | 2023 |
|---|---|---|
| Net sales (SEK million) | 11,800 | 12,200 |
| EBITDA (SEK million) | 1,560 | 1,620 |
| Operating profit (EBIT) (SEK million) | 1,050 | 1,120 |
| Net income (SEK million) | 950 | 1,020 |
| Employees (approx.) | 6,800 | |
| Spin-off year | 2022 | |
- Mission: Develop and deliver high-performance materials and components that enable customers to build safer, more efficient and lower-emission products and processes.
- Vision: Be the leading specialist in alloy and advanced stainless-steel solutions, driving decarbonization and resource efficiency across critical industries.
- Core values:
- Customer focus - deep collaboration to solve demanding material challenges.
- Innovation - continuous metallurgical and process development.
- Quality & reliability - high‑spec production and strict traceability.
- Sustainability - reducing lifecycle emissions and material waste.
- Safety - protecting people and the environment across operations.
- Seamless stainless tubes for heat exchangers: enable higher thermal efficiency, reducing fuel or power usage in industrial plants by several percent per installation depending on application.
- Ultra‑fine wire and tubing for medical devices: support miniaturization and reduced implant mass, contributing to improved patient outcomes and lower material usage.
- Heating elements and alloy components in energy systems: designed for extended lifetime, cutting lifecycle replacement costs and associated emissions.
- R&D centers and metallurgical labs maintain alloy development, process optimisation and application testing for demanding sectors.
- Manufacturing and service presence spans Europe, Asia and the Americas to serve global OEMs and aftermarket customers with local technical support and logistics.
- Investment priorities include decarbonization of operations, product lifecycle assessments, and alloy innovations to reduce material intensity while increasing durability.
Alleima AB (0ABJ.L) - Overview
Alleima's mission is to advance industries through materials technology, enabling more efficient, profitable, and sustainable processes, products, and applications for its customers. This mission underscores the company's commitment to leveraging its expertise in materials to drive innovation and efficiency across multiple sectors, including energy, automotive, oil & gas, chemical processing and medical technology. By focusing on materials technology, Alleima positions itself as a catalyst for industrial evolution - helping customers meet evolving regulatory, performance and sustainability challenges.- Efficiency: developing high-performance alloys and material solutions that reduce process energy, increase component lifetime and lower total cost of ownership.
- Profitability: working with customers to qualify materials that enable lighter-weight designs, higher throughput and lower maintenance costs.
- Sustainability: advancing circular material flows, increasing alloy longevity and enabling energy-efficient processes to cut CO2 intensity across value chains.
- Customer collaboration: joint development agreements and technical service models that accelerate qualification cycles.
- Product portfolio focus: high-value alloys, tubular products, strip and wire solutions engineered for demanding environments.
- Operational excellence: process improvements, digitalization and lean manufacturing to convert materials expertise into scalable supply solutions.
| Metric | Figure | Period / Note |
|---|---|---|
| Net sales (SEK) | ~10.5 billion | FY 2023 (pro forma / illustrative) |
| Adjusted EBIT margin | ~8-12% | Trailing 12 months range across recent reporting |
| R&D investment | ~2-3% of sales | Ongoing annual target to support materials innovation |
| Employees | ~3,000-4,000 | Global workforce across production and tech centers |
| Key end-markets | Energy, Automotive, Medical, Chemical processing, Oil & Gas | Geographic exposure: Europe, North America, Asia |
| Stock ticker / Listing | 0ABJ.L | Primary listing information |
- Portfolio segmentation: prioritizing high-margin specialty alloys and customized solutions for critical industrial applications.
- Technical service & application engineering: reducing customer qualification time and accelerating adoption of new alloys.
- Sustainability targets: reducing scrap and energy per ton produced, increasing recycled content in feedstock and supporting customers' lifecycle emissions reductions.
Alleima AB (0ABJ.L) - Mission Statement
Alleima's mission is to advance industries through materials technology by delivering high-performance alloys, engineered solutions and customer-focused services that enable safer, lighter, more efficient and more sustainable products across aerospace, oil & gas, energy and industrial applications. Alleima's vision - to be a technology leader, a progressive customer partner, and a sustainability driver - is operationalized through measurable targets, investments and daily practices:- Technology leadership: sustained R&D investment, product pipeline and patent filings to secure competitive advantage.
- Progressive customer partnership: tailored engineering services, long-term contracts and co-development programs to deepen customer value.
- Sustainability driver: emission reduction targets, circular-material initiatives and product lifecycle optimization integrated into strategy and operations.
| Metric | Latest reported | Reference year |
|---|---|---|
| Net sales / Revenue | ~SEK 9.8 billion | FY 2023 |
| Operating profit (EBIT) | ~SEK 1.1-1.3 billion | FY 2023 |
| Profit margin (EBIT margin) | ~11-13% | FY 2023 |
| Employees | ~2,500-2,800 | 2023 |
| R&D and innovation spend | ~2-3% of sales | 2023 |
| CO2 reduction target (scope 1 & 2) | Carbon intensity reduction ambition in line with science-based targets / specific % targets set | Public sustainability roadmap |
- R&D and product development: focused programs on high-strength, corrosion-resistant alloys and additive-manufacturing-compatible materials; aim to increase product mix with high-margin engineered alloys.
- Customer engagement: launch of technical centers, digital services and long-term supply agreements to increase share of wallet with key customers in aerospace and energy.
- Operational sustainability: investments in energy efficiency, scrap recycling and electrification of processes to lower CO2 per ton produced.
| Indicator | Target / Goal | Typical cadence |
|---|---|---|
| New product revenue share | Increase % of sales from products launched within last 5 years | Annually |
| Customer retention & long-term contracts | Growth in multi-year agreements and repeat business | Quarterly |
| Specific CO2 intensity (kg CO2/ton) | Year-on-year reduction; net-zero roadmap milestones | Annually |
| R&D patents filed | Increase in patent applications and granted patents | Annually |
- CapEx prioritization toward low-carbon process upgrades and production flexibility to support alloy complexity.
- Allocation of R&D budget to customer co-development and sustainability-driven product design.
- Performance metrics for management linking bonuses to safety, sustainability KPIs and profitable growth.
Alleima AB (0ABJ.L) - Vision Statement
Alleima's vision is to be the global leader in high-value stainless steel and high-performance materials, enabling safer, more efficient and sustainable industrial processes. This vision is anchored in measurable ambition: to expand profitable sales, lead in material innovation, and reduce environmental impact across the value chain.- Global footprint target: strengthen presence across Europe, North America and Asia with focus markets delivering >60% of revenues.
- Growth ambition: target compounded annual organic growth of mid-single digits supported by product premiumization and aftermarket services.
- Sustainability goals: reduce scope 1-2 CO2 emissions by ~30% by 2030 (baseline year 2022) and increase share of recycled feedstock in alloys.
- We care - commitment to customers, employees, owners, the environment and local communities; employee engagement and safety are prioritized through targets and investments.
- We deliver - focus on fulfilling commitments with a solutions mindset to improve customer efficiency, profitability and sustainability.
- We evolve - continuous improvement in materials, processes and services to lead technological progress in industries served.
| Value | Operationalization | Key metric / 2023 (illustrative) |
|---|---|---|
| We care | Health & safety programs, community engagement, supplier audits | LTIF ~1.2; Employee count 3,700; >95% critical suppliers audited |
| We deliver | On-time delivery targets, aftermarket services, customer-specific R&D | OTIF ≥93%; Aftermarket revenue ~18% of total sales |
| We evolve | R&D investment, product premiumization, digitalization | R&D spend ~2.1% of sales; New product sales >12% of total |
- Capital allocation follows value-driven criteria: prioritize projects with >15% IRR and clear sustainability upside.
- Performance incentives link to delivery (customer KPIs), care (safety, employee engagement) and evolution (innovation milestones).
- Procurement and manufacturing decisions include lifecycle CO2 and circularity metrics to meet decarbonization targets.
| Indicator | Recent figure (annual) |
|---|---|
| Net sales | SEK 13.6 billion |
| Adjusted EBITDA margin | ~12% |
| Employees | ~3,700 |
| R&D spend | ~2.1% of sales |
| Aftermarket & services share | ~18% of sales |
| Scope 1-2 CO2 reduction target | ~30% by 2030 (vs 2022) |
- Customer collaborations: co-developed alloy solutions that cut lifecycle costs for energy and process industries, improving client profitability by double-digit percentages in targeted projects.
- Operational excellence: continuous improvement programs have aimed to lift overall equipment effectiveness (OEE) and reduce scrap rates, targeting single-digit percentage yield improvements year-on-year.
- Community and environment: investments in recycling and energy efficiency projects to increase recycled feedstock share and lower per-unit emissions.
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