An exciting year comes to its end

3 highlights and lessons learned from our CEO Henrik

In February, I had the opportunity to board the Alteco train and immediately felt extremely welcome. Joining a company that has made such an impressive journey was both exciting and a little nervous. But as I got to know my new colleagues, I quickly realized what the value is in our company - our employees! The fact that I get the opportunity to contribute with leadership, vision and commitment to drive us and my colleagues forward feels very good. Together, we are all important pieces of the puzzle in Alteco's continued success.

2024 has been a learning year in many ways. Despite a declining market, we have not only stood firm – we have continued to develop, increased our turnover and seen positive results in our businesses. Success for us has been about staying the course, making well-considered decisions and, above all, seeing the opportunities in what others may perceive as obstacles. When I look back on the year, I see that our joint effort – focusing on the right goals and always supporting each other, is the key that has led us to a result that we can be very proud of.

1. Gazelle company for the second year in a row In 2023, we were designated a Gazelle company – an award that less than 1% of Swedish companies receive. The fact that we managed to repeat that achievement in 2024 feels both great and significant. Becoming a Gazelle company two years in a row is an achievement that very few succeed in, and it reminds us that, through hard work and a strong community, we have built something that lasts. I would like to extend a warm thank you to our employees and customers, without you this would not have been possible.

2. We have grown in number and are even happier! In 2024, we have welcomed six new colleagues, Magnus, Camilla, Emil, Nils-Arne and Nicklas, who all strengthen our team and give us even greater capacity to take on new assignments. It is the competence and commitment of my colleagues that make us who we are and I look forward to continuing to grow together with you.

It is also very gratifying to see the results in our employee surveys, which are very positive. At Alteco, we enjoy our work, and that is something we are very proud of. We value a good work environment where we can find a balance between interesting and challenging work and meaningful leisure time. We know that our employees are the company's greatest asset, and we strive to create a workplace where personal and professional development go hand in hand.

3. Long-term partnerships and great trust In recent years, we have had the privilege of being involved in many exciting assignments, which we are already looking forward to continuing in 2025. This reflects the great trust our customers have in us and we are proud to have received continued trust to deliver solutions that really make a difference.

Another initiative that has developed very positively during the year is our focus on complete projects. By offering complete solutions, we can help our customers more effectively and create long-term partnerships. Our focus on lifting aids and smaller cranes through our product Kranco has also been a success. With our lifting solutions, we improve our customers' working environment, safety and productivity. The products have been positively received and continue to develop in a good direction, which strengthens Alteco's position in the market.

The future – a continued positive journey As we look ahead to 2025, I feel full of energy and enthusiasm. We have a strong foundation to stand on and are fully committed to continuing our positive journey. With a continued focus on innovation, sustainability and developing our customer offering, we look forward to a new year filled with new opportunities and challenges. We look forward to continuing to develop together with our customers, partners and employees. We now head towards 2025 with great confidence and look forward to continuing to be a driving force in our industry. Together, we will continue to create the solutions of the future – and do so with full energy and joy!

/Henry