Slide 1: Q2 2026 Results Presentation
Q2 2026 Results Presentation Jesper Gylling Olsen, CEO Robert Belkic, Interim CFO
Slide 2: Highlights Q2
Highlights Q2 Leadership and equity changes 2025 Q2 2026 Q2 • Jesper Gylling Olsen new group CEO in June • A reverse share split conducted in May Net sales (SEKm) 1,513 1,498 Organic growth (%) -3 -1 Q2 highlights – cautious stabilisation • Volatile low demand market with favourable development in S
Slide 3: The kitchen market
The kitchen market Share of R12 sales by channel Share of R12 volume by channel Business to business B2C 22% B2C • Housing starts still on low levels, with flat to slightly 35% declining trend in Denmark, Sweden and Norway B2B B2B 65% 78% • Finland continues to decline Business to consumer • Soft co
Slide 4: Strategic priorities
Strategic priorities • Restore customer-centric approach: the top priority, given trust has been tested • Reset the operating model to deliver profitability that holds up even in a subdued, low-growth Nordic market • Unified Nordic supply chain: Nobia Park ramp-up, close the gap on volumes and autom
Slide 5: Reaching production excellence
Reaching production excellence Nobia Park • Performance not yet where it needs to be: volumes and automation below target • Action underway; further assessment planned to pinpoint root causes and close gaps • Ramp-up plan has shifted over time, adding difficulty for teams on the ground • Kitchen vol
Slide 6: Financial performance Q2 2026
Financial performance Q2 2026
Slide 7: Financial highlights
Financial highlights Gross margin improvement • Favourable average order value • Mix in B2B impacted positively • Cost control • Negatively effected by price increases due to turbulence in the Middle East IAC • IACs in COGS at SEK -45m, mainly related to Nobia Park, SEK -58m including restructuring
Slide 8: Financial position
Financial position • Cash flow from operating activities amounted to SEK Cash flow 2025 Q2 2026 Q2 129m (236), driven by an unfavourable change in Cash flow from operating activities 236 129 working capital, due to timing effects from a stronger Free cash flow 13 -32 than normal Q1 Of w. operating p
Slide 9: Priority going forward – get back to business excellence and customer focus
Priority going forward – get back to business excellence and customer focus Start delivering • Nordic-focused footprint now largely in place • We are not satisfied with where we stand. Restoring trust remains the top priority • Reset the operating model to profitability in all markets conditions • L
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