Fagerhult Group Ab · OMXSTO:FAG
Fagerhult Group Ab — Q4 2025 Earnings Presentation
25 slides from Fagerhult Group Ab's earnings presentation, Feb 18, 2026
Slide 1: We light up your world
We light up your world 2025 Q4 results presentation 17 februari, 2026
Slide 2: CEO comments
CEO comments • The quarter was the strongest of the financial year • Strengthening the Group through efficiency, stability, and innovation • Driving growth through strategic expansion, sustainability, and smart innovation • Our acquired brands Trato TLV and Capelon are progressing according to plan
Slide 3: Q4 2025 in figures
Q4 2025 in figures 3 000 300 Order intake: 1 ,844 MSEK (2,008) 2 500 250 -9.8% organic Net sales: 2,077 MSEK (2,040) 2 000 200 -1.6% organic 1 500 150 EBITA before IAC : 215 MSEK (159) 1 000 100 Operating profit before IAC: 196 MSEK (143) 500 50 Operating margin before IAC: 9.4 (7.0)%. Earnings per
Slide 4: YTD 2025 in figures
YTD 2025 in figures 9 000 800 Order intake: 7,928 MSEK (8,114) -2.5% organic 700 Net sales: 7,891 MSEK (8,305) -5.8% organic 8 000 600 EBITA before IAC : 688 MSEK (820) Operating profit before IAC : 607 MSEK (741) 500 Operating margin before IAC: 7.7 (8.9)% Earnings per share before IAC: 1.93 SEK (2
Slide 5: Smart Outdoor Lighting
Smart Outdoor Lighting The right light, at the right time, in the right place 5
Slide 6: Smart lighting growth drivers
Smart lighting growth drivers Phasing out high-pressure Energy savings and demand The obsolescence of 2G Asset management and sodium lamps for more sustainable solutions networks means they need to maintenance optimization be phased out. 6
Slide 7: Market development for smart street lighting
Market development for smart street lighting Annual light controlled (LCU) units shipments in Europe Market development & opportunity 6 000 000 • Europe holds the largest installed base of 11.7 million LCUs (35% globally), only a modest portion of these are equipped 5 000 000 with luminaire control.
Slide 8: LED penetration and number of street lights - a vast installed base awaiting upgrade
LED penetration and number of street lights - a vast installed base awaiting upgrade Region Number of street lights installed LED penetration Nordics 6.0 M 40% 8
Slide 9: Capelon: A three-step journey towards a smarter city
Capelon: A three-step journey towards a smarter city Cabinet control Luminaire control Street lighting as infrastructure Centralized group control Individual luminaire control Enabling smart city implementations • On/Off Control: • Dimming • Open infrastructure as back-bone • Grid Monitoring & Meter
Slide 10: Why partners choose Capelon
Why partners choose Capelon A trusted and proven partner • Proven solution with strong track record and focus on open APIs • Strong brand and recognition in the Swedish market - Approx. 23% municipalities already onboard • Strong tail-wind in securing further municipal contracts • Opportunity to up-
Slide 11: Illuminating Göteborg
Illuminating Göteborg Göteborg is one of Capelon’s oldest and most longstanding customers. The city manages its lighting through around 950 of their control cabinets and nearly 200,000 connected luminaires, together lighting up and dimming almost the entire city. 11
Slide 12: Financial update
Financial update
Slide 13: Financial summary Q4
Financial summary Q4 MS EK Q4 20 25 Q4 20 24 Ne t s a le s 2 ,0 77 2 ,0 4 0 1.8 % - Organic growth -33 -1.6 % - FX-diffe re nce s and acquis itions 70 EBITA b e fo re IAC 2 15 15 9 3 5 .2 % EBITA margin be fore IAC, % 10 .4% 7.8 % +2,6 p.p. O p e ra tin g p ro fit b e fo re IAC 19 6 14 3 3 7.1% Ope
Slide 14: Financial summary YTD
Financial summary YTD MS EK YTD 2 0 2 5 YTD 2 0 2 4 Ne t s a le s 7 891 8 30 5 -5 ,0 % - Organic growth -479 -5,8 % - FX-diffe re nce s and acquis itions 65 EBITA b e fo re IAC 688 8 20 -16 ,1% EBITA margin be fore IAC, % 8 ,7% 9 ,9 % -1,2 p.p. O p e ra tin g p ro fit b e fo re IAC 607 74 1 -18 ,1%
Slide 15: Sales development
Sales development Net sales R12 Net sales R12, MSEK 15
Slide 16: Margin development
Margin development Operating marginbefore IAC by quarter and R12 Operating margin before IAC,% Rolling 12 months 16
Slide 17: Collection
Collection Financials Q4 ─ Order intake 774 (955) MSEK, organic -13.2% ─ Net sales 916 (965) MSEK, organic +0.9% ─ Operating margin before IAC 13.8% (7.3) Business update ─ Order intake growth YTD, organic +2.1% ─ Collection maintained good cost control and a stable gross margin ─ iGuzzini launched
Slide 18: Premium
Premium Financials Q4 ─ Order intake 572 (634) MSEK, organic -6.3% ─ Net sales 618 (666) MSEK, organic -3.7% ─ Operating margin before IAC 12.5% (11.8) Business update ─ Order intake decline YTD, organic -6.9% ─ Improved margins YTD despite tough markets ─ The renovation sector performed strongly; c
Slide 19: Professional
Professional Financials Q4 ─ Order intake 318 (246) MSEK, organic -14.4% ─ Net sales 398 (272) MSEK, organic -3.1% ─ Operating margin before IAC 5.4% (7.7) Business update ─ Year to date order intake growth of +19.0% (organic -3.1 %). The acquisition of Trato TLV is the main driver ─ Significant inc
Slide 20: Infrastructure
Infrastructure Financials Q4 ─ Order intake 164 (172) MSEK, organic +2.0% ─ Net sales 179 (205) MSEK, organic -7.1% ─ Operating margin before IAC +2.1% (9.3) Business update ─ Good control over fixed cost. Corrective measures to address margin pressure. ─ Both i-Valo and Designplan is showing growth
Slide 21: Cash flow
Cash flow Operating cash flow by quarter and R12 Cash flow by quarter, MSEK Rolling 12 months 21
Slide 22: Net debt development
Net debt development Net debt and Net debt/EBITDA ratio Net debt, MSEK Net debt/EBITDA* *EBITDA adjusted for acquisitions/divestments on a proforma basis and excluding items affecting comparability 22
Slide 23: Earnings per share
Earnings per share Earnings per share before IAC by quarter, SEK Rolling 12 months 23
Slide 24: Conclusion and recap
Conclusion and recap • Focus on structural improvements and efficiency, maintaining progress despite a tough market • The quarter was the strongest of the financial year • Gaining more momentum in cross-selling and sustainability efforts • Expansion of our smart outdoor segment with new deal in Modu
Slide 25: Q&A
Q&A