Revenue for the year amounted to 996.3 mEUR, corresponding to organic growth of 0.2%. Reported growth was -3.1%, impacted by negative FX effects and the divestment of the US high-pressure washer business. Adjusted for the backlog release in the US in H1 2024, underlying organic growth was positive by 3.2%.

Gross margin for the year was 42.0%, negatively impacted by increased US tariffs, partly offset by pricing measures and operational efficiencies. EBITDA margin before special items amounted to 13.0%, reflecting disciplined pricing, cost control, and targeted investments throughout the year.

Jon Sintorn, CEO of Nilfisk, comments:
“2025 was a year of focused execution and clear choices. Despite external disruptions and varying regional market conditions, our teams stayed close to customers, strengthened our cost base, and continued to deliver on our strategic roadmap. We improved our competitiveness in North America, enhanced our operating model, and executed structural efficiency initiatives. As a result, Nilfisk ends the year more robust, more competitive, and better positioned for the future.”

 

Performance by business segment
The Professional Business delivered revenue of 558.1 mEUR, corresponding to -0.7% organic growth. Growth in EMEA and APAC, driven by Floorcare, was offset by softer order intake in the Americas region. The Service Business’s revenue ended at 296.1 mEUR, with 1.7% organic growth, supported by moderate growth in EMEA and the Americas region, partly offset by a decline in APAC. The Specialty Business delivered 3.0% organic growth and revenue of 65.7 mEUR, driven by strong growth in the Americas region and continued momentum in APAC. The Consumer Business delivered revenue of 76.4 mEUR and -1.0% organic growth, reflecting weaker market demand across Europe. This was partly countered by market share gains in five out of nine markets including Denmark, Spain, the Netherlands, France, and Germany.

Performance by region
EMEA delivered 2.3% organic growth, supported by strong commercial execution and market share gains in key markets. APAC grew organically by 3.9%, driven by solid performance outside China and continued traction in the Professional Business. The Americas saw negative 4.9% organic growth, affected by the 2024 backlog release and softer order intake. Adjusted for the backlog effect, the Americas region delivered growth of 4.9%, which is above GDP growth, reflecting measurable progress.

 

Strategic execution and operational improvements
Throughout 2025, Nilfisk continued to execute its strategic roadmap with a clear focus on three priority areas: improving the competitive position in North America, enhancing the operating model, and delivering structural efficiency improvements. While the overall financial performance did not fully meet expectations, the progress made within these areas was tangible and strengthened Nilfisk’s foundation for long-term value creation.

Improving the competitive position in North America
Nilfisk took concrete steps to strengthen its commercial and operational platform in North America, focusing on improved customer engagement, targeted sales execution, and increased competitiveness in the Professional Business. Adjusted for the backlog effects from 2024, the Americas region delivered solid underlying growth, demonstrating progress from these initiatives.

Enhancing the operating model
The company advanced several initiatives to simplify and strengthen its operating model, including deeper customer segmentation, increased cross-functional collaboration, and the rollout of new product platforms. These efforts supported more targeted market approaches, faster execution, and improved alignment across product, sales, service, and operations.

Executing structural efficiency improvements
Nilfisk delivered on previously announced efficiency programs, achieving sustained cost reductions through production footprint consolidation, portfolio simplification, and stronger working capital management. The consolidation of manufacturing in Hungary and the relocation of US large machine production to Mexico are expected to improve utilization, productivity, and supply chain resilience going forward.

 

Profitability and outlook
For 2026, organic revenue growth is expected to be between -1% and 2% and the EBIT margin before special items is expected to be in the range of 7% to 9%.
The organic growth is expected to be driven by diverse performance across business segments and regions. The EBIT margin before special items is expected to be driven by an increased focus on profitability across the business as well as tariffs being offset with supply chain activities.
Potential trade barriers continue to present additional uncertainty for Nilfisk. The financial outlook for 2026 is based on several assumptions including:

• Stable economic climate
• Trade wars do not intensify and/or lead to a recession

 

Financial highlights

mEUR	2025	2024
Revenue	996.3	1,027.9
Organic growth	0.2%	1.2%
Gross margin	42.0%	42.2%
Overhead costs	356.6	362.0
Overhead cost ratio	35.8%	35.2%
EBITDA before special items	129.2	139.8
EBITDA margin before special items	13.0%	13.6%
Operating profit (EBIT) before special items	67.4	75.9
Operating profit (EBIT) margin before special items	6.8%	7.4%
Special items, net	-93.1	-6.4
CAPEX ratio	3.1%	4.5%
Free cash flow	-15.4	7.7
Net interest-bearing debt	307.3	270.1
Financial gearing	2.4x	1.9x
Basic earnings (loss) per share (EPS)	-1.35	1.31

 

Read the full Annual Report here

 

Press contact
Nynne Jespersen Lee
Head of Investor Relations & Group Communications
T: +45 42310007 
M: njespersen@nilfisk.com 

About Nilfisk
Nilfisk was founded in 1906 by the Danish engineer P.A. Fisker. Today, the company is a world-leading global provider of professional cleaning equipment and services. More than 90% of sales are to professional customers, while the remaining part of the business is aimed at consumers. Nilfisk’s products and services are sold in more than 100 countries and produced at 5 manufacturing sites across the globe. The company has approximately 4,500 employees and generated revenue of 996.3 mEUR in 2025. The largest single market is the US (24% of revenue), followed by Germany (15%), France (11%), Denmark (7%), and the UK (5%).