Framery Group Oyj · OMXHEX:FRAMERY
Framery Group Oyj — H1 2026 Earnings Presentation
19 slides from Framery Group Oyj's earnings presentation, Jul 27, 2026
Slide 1: Strong profitability development and underlying revenue growth continued
Strong profitability development and underlying revenue growth continued Samu Hällfors, CEO | Lauri Isotalo, CFO Framery Group Plc | 27 July 2026 Half-year report | January−June 2026
Slide 2: Disclaimer
Disclaimer This material contains, or may be deemed to materially different from those expressed or Framery Group Plc assumes no obligation to contain, “forward-looking statements”. These implied by any forward-looking statements. By update or revise any forward-looking statements relate to future e
Slide 3: Welcome: Agenda for today
Welcome Agenda for today Samu Hällfors Lauri Isotalo CEO CFO Highlights of business Financial performance and strategy
Slide 4: Strong profitability development and underlying revenue growth continued
Strong profitability development and underlying revenue growth continued Q2 2026 H1 2026 Revenue Adjusted EBIT Revenue Adjusted EBIT 51M€ 12M€ 110M€ 26M€ 23% of revenue 24% of revenue (Q2 2025: 53 M€, - 3.7%) (H1 2025: 112M€, - 1.9%) (Q2 2025: 10M€, (H1 2025: 27M€, Underlying revenue growth* +7% 19%
Slide 5: North America drove growth in Q2, while EMEA and APAC were impacted
MARKET ENVIRONMENT North America drove North America HQ, factory Finland, Tampere growth in Q2, while factory EMEA and APAC were impacted by APAC logistic hub challenging macro and global environment AMER EMEA APAC Revenue EUR 18 mill. EUR 28 mill. EUR 6 mill. Q2 2026 Growth, % y-o-y 4% -4% -21% Und
Slide 6: Executing strategic focus areas
GROWTH STRATEGY Executing strategic focus areas MAIN THEME STRATEGIC PROJECTS 1. Best smart pods and Further strengthen our leading product - market - fit in all key regions smart office solutions 2. Drive the adoption of the smart office solution to scale the SaaS business 3. Effortless Drive growt
Slide 7: Successful product line launch for the fast-growing North American market
GROWTH STRATEGY Strategy highlight: Successful product line launch for the fast-growing North American market • The Framery Gradus line for North America has successfully launched. Sales are underway with Q3 deliveries scheduled, though material revenue impact is expected by H1 2027 at the earliest.
Slide 8: Market outlook
M ARKE T E N VIRON ME N T Market outlook • Despite the current volatile environment, Framery maintains a favorable medium - and long - term outlook, as the fundamental drivers for product demand and market growth remain unchanged. • In North America, good momentum is evidenced by a 44% underlying gr
Slide 9: Financial performance
Financial performance
Slide 10: Underlying revenue growth and improved profitability in Q2
Underlying revenue growth and improved profitability in Q2 • Q2/2026 Revenue was EUR 51.4 million and decreased slightly y - o- y (53.3) • When excluding the single largest end customer, revenue was EUR 49.0 million (45.8) representing 6.9% growth y - o- y • H1/2026 Revenue reached EUR 109.7 million
Slide 11: KPI summary
KPI summary *Adjusted with items affecting comparability, which are considered unusual significant items outside the ordinary course of b usi ness. Items affecting comparability include, e.g., costs related to changes in Group structure, non - recurring consulting and legal expenses, people - re lat
Slide 12: Revenue and adjusted EBIT bridges Q2 2025 to Q2 2026
Revenue and adjusted EBIT bridges Q2 2025 to Q2 2026 Items affecting comparability include a non - recurring tariff refund from 2025 tariff expenses in Q2/26 and share based incentive payout in Q2/25
Slide 13: Revenue and adjusted EBIT bridges H1 2025 to H1 2026
Revenue and adjusted EBIT bridges H1 2025 to H1 2026 Items affecting comparability include a non - recurring tariff refund from 2025 tariff expenses in Q2/26 and share based incentive payout in Q2/25
Slide 14: U.S. IEEPA tariff refund received in Q2
U.S. IEEPA tariff refund received in Q2 • Following the U.S. Supreme Court decision in February, the 15% IEEPA tariff was declared unlawful and to be returned to the importers with interest • The Company received the refund at the end of the second quarter, totalling EUR 4.7 million • EUR 1.7 millio
Slide 15: Positive cash flow development and sustained robust cash conversion
Positive cash flow development and sustained robust cash conversion despite typical quarterly fluctuations • Q2/2026 Operating Free Cash Flow positive at EUR 14.4 million (7.5) • Cash conversion was 106.2% (65.4%) for the quarter, with tariff refund and typical quarterly fluctuation visible • H1/202
Slide 16: ROCE at a high level with continued good profitability
ROCE at a high level with continued good profitability High ROCE at 104.2% despite the increase in average Net Working Capital from end of the year 2025, with quarterly fluctuation typical for the business EURm 2023 2024 2025 2026 Q1 LTM 2026 Q2 LTM Adjusted EBIT 31,0 33,0 50,5 47,8 49,8 Average fix
Slide 17: Low leverage and strong financial position
Low leverage and strong financial position • Stable leverage with strong cash position at EUR 15.5 million in cash or cash equivalents • Net Debt decreased to EUR 69.4 million (99.8) • Dividends paid in May
Slide 18: Framery's mid- and long-term financial targets
Framery’s mid- and long-term financial targets GROWTH PROFITABILITY LEVERAGE DIVIDENDS >10% 25% <2.0x 70 –90% Average annual organic Adjusted operating Net debt/adjusted Part of the distribution revenue growth from 2025 profit margin in the mid - EBITDA may be executed through baseline term Share bu
Slide 19: Q&A
Q&A