Berner Industrier: Worthy of the throne - SEB

Berner Industrier delivered another strong year in 2025, with margin gains and cost discipline lifting adj. EBITA by 57% y/y. Entering 2026 with a strengthened organisation, robust balance sheet and solid cash flows, improving demand and a book-to-bill above 1 underpin the shift from transformation to disciplined, value-accretive M&A.

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