Troax Group Ab Class A · OMXSTO:TROAX
Troax Group Ab Class A — Q1 2025 Earnings Presentation
15 slides from Troax Group Ab Class A's earnings presentation, Apr 23, 2025
Slide 1: Troax Group First Quarter 2025 Presentation
THIS IS TROAX »TROAX GROUP« FIRST QUARTER 2025 PRESENTATION 23rd of April, 2025 MARTIN NYSTRÖM, PRESIDENT AND CEO ANDERS EKLÖF, CFO
Slide 2: Troax Group has an updated organization
Troax Group has an updated organization • Valid from 1 Jan 2025 • We have decentralized the organization aiming to put more decision-making and empowerment closer to our customers • Our new structure will cater for different customer preferences across the globe while keeping our global standard tog
Slide 3: Summary Q1, 2025
Summary Q1, 2025 Slower Europe, Stronger Americas and Asia • North Europe continues to develop weaker driven by the construction segment in the Nordics and General industry in Central Europe – the demand started slower than usual but improved during the quarter • Americas had solid growth, mainly co
Slide 4: Market development Q1 (Order intake)
Market development Q1 (Order intake) Total -5% Automotive Warehouse Construction Process Other Total ~15% ~35% ~10% ~10% ~30% 100% Share of sales OI change (2024) (YoY) Northern Europe -13% 79% Southern Europe -12% Americas 16% 7% APAC 5% 94% < -5% -5% to 5% >5%
Slide 5: Order intake development
Order intake development Order intake by quarter (MEUR) Growth -4% -4% 72,3 0,3 0,5 69,5 -3,6 0% +1% 72,3 69,5 -5% 69,5 20-Q1 21-Q1 22-Q1 23-Q1 24-Q1 24-Q2 24-Q3 24-Q4 25-Q1 Q1-24 Organic Structure FX Q1-25 Order intake (MEUR) 69.5 (-4%)
Slide 6: Net sales development
Net sales development Sales by quarter (MEUR) Growth -4% -4% 70,9 0,3 0,6 68,3 -3,5 0% +1% 70,9 68,3 -5% 68,3 20-Q1 21-Q1 22-Q1 23-Q1 24-Q1 24-Q2 24-Q3 23-Q4 25-Q1 Q1-24 Organic Structure FX Q1-25 Sales (MEUR) 68.3 (-4%)
Slide 7: EBITA development
EBITA development 20 -13% 25 EBITA margin (%) 19,7 20 15 15,5 16,8 17,2 14.0% (-13%) 14,0 15 10 10 • Lower volumes in Europe put 5 11,0 9,5 pressure to the EBITA-margin 5 • Price discipline and continuous 0 0 improvements counterbalance lower 20-Q1 21-Q1 22-Q1 23-Q1 24-Q1 24-Q2 24-Q3 24-Q4 25-Q1 org
Slide 8: Working capital development
Working capital development 70 -4% 25 20,4 20,4 Working Capital 60 20 50 55.8 MEUR (-4%) 40 15 30 58,0 55,8 10 • Slight decline in working capital 20 5 sequentially - overall stable 10 0 0 21-Q1 22-Q1 23-Q1 24-Q1 24-Q2 24-Q3 24-Q4 25-Q1 NOTE: Working capital is defined as 3 month rolling (Accounts r
Slide 9: Operating cash flow development
Operating cash flow development 25 140 120 Free operating cash flow 20 100 15 3.8 MEUR 80 60 • Q1 is usually a weak quarter for 10 37 39 the Group 40 5 • Decent cash flow based on 20 working capital development 0 0 20-Q1 21-Q1 22-Q1 23-Q1 24-Q1 24-Q2 24-Q3 24-Q4 25-Q1 Operating cash flow (MEUR) R3 C
Slide 10: Net debt development
Net debt development 90 3,0 Financial Net debt / EBITDA 80 2,5 Target: Net debt/EBITDA <2.5 70 2,0 0.9 (R12) 60 1,4 1,5 50 0,8 0,9 0,8 0,9 1,0 • Net debt kept stable and well below target 40 0,6 0,5 • Significant fire power for acquisitions 30 • Market for acquisitions is somewhat 20 0,0 20-Q4 21-Q4
Slide 11: Financial summary, Q1 2025
Financial summary, Q1 2025 KEY FINANCIALS (MEUR) Q1 2024 Q1 2025 Order intake 72.3 69.5 GROWTH (YoY) OI Revenues Organic -5 -5 Sales 70.9 68.3 Structure +/-0 +/-0 EBITA 11.0 9.5 Organic + structure -5% -5% EBITA (%) 15.5% 14.0% Currency +1 +1 Net debt / EBITDA 0.9 0.9 Total -4% -4% EPS (adjusted) 0.
Slide 12: Summary Q1, 2025
Summary Q1, 2025 Slower Europe, Stronger Americas and Asia • North Europe continues to develop weaker driven by the construction segment in the Nordics and General industry in Central Europe – the demand started slower than usual but improved during the quarter • Americas had solid growth, mainly co
Slide 13: Caring for everyday safety
A safety authority -Caring for everyday safety We believe your everyday safety matters. In essence, is it all about providing you with peace of mind. Our people make the difference Everyday safety means bringing every employee back home safe, businesses sustainably higher productivity, and valuables
Slide 14: Q&A
i »Q&A
Slide 15: Appendix – orders and sales by region
Appendix – orders and sales by region 2024 Order intake Q1 Q1 Q2 Q3 Q4 Full year MEUR 2025 2024 2024 2024 2024 2024 EMEA North 36,3 41,5 38,7 35,3 37,8 153,3 EMEA South 15,2 17,3 17,8 16,1 14,9 66,1 Americas 11,0 10,3 9,1 12,5 11,3 43,2 APAC 6,2 3,2 3,9 3,2 4,0 14,3 Total excl Currency 68,7 72,3 69,