Investment Ab Latour Class B · OMXSTO:LATO_B
Investment Ab Latour Class B — Q1 2025 Earnings Presentation
17 slides from Investment Ab Latour Class B's earnings presentation, Apr 29, 2025
Slide 1: Interim report January – March 2025
Interim report January – March 2025
Slide 2: Latour – a mixed investment company
Latour – a mixed investment company WHOLLY-OWNED INVESTMENT OPERATIONS PORTFOLIO Bemsiq Group Alimak Group Caljan ASSA ABLOY Hultafors Group CTEK Innovalift Fagerhult Nord-Lock Group HMS Networks Swegon Nederman Latour Industries Securitas Sweco Latour Future Solutions Tomra Part-owned holdings Troa
Slide 3: Active principal owner in listed holdings
Active principal owner in listed holdings Net sales, m SEK if not stated otherwise Ebit , m SEK if not stated otherwise 8 000 1 600 200 000 30 000 1 500 150 10 000 1 000 5 000 1 000 1 250 125 8 000 800 4 000 800 6 000 1 200 150 000 22 500 1 000 100 6 000 600 3 000 600 4 000 800 100 000 15 000 750 75
Slide 4: Total return for the listed portfolio 2025
Total return for the listed portfolio 2025 The total return including share price growth and dividend, for each investment company compared with the SIXRX benchmark index. Page 4
Slide 5: The wholly-owned industrial operations
The wholly-owned industrial operations Quarterly results Orders received Net sales Adjusted operating profit Page 5
Slide 6: Acquisitions during 2025: SEK 1.6 billion
Acquisitions during 2025 Total annual contribution SEK 1.6 billion Page 6
Slide 7: Good growth in a challenging market
Good growth in a challenging market Net sales and adjusted operating profit SEK M Q1 2025 Q1 2024 2 100 500 1 800 554 498 400 Net sales 1 500 1 200 300 Adjusted operating profit* 120 114 900 200 600 100 Operating margin %* 21.7 22.9 300 0 0 2021 2022 2023 2024 TTM Q1 * EBIT adj. (excl. IFRS 16) Net
Slide 8: Strong order intake and increased backlog
Strong order intake and increased backlog Net sales and adjusted operating profit SEK M Q1 2025 Q1 2024 3 000 600 2 500 500 Net sales 291 315 2 000 400 Adjusted operating profit* 37 32 1 500 300 1 000 200 Operating margin %* 12.7 10.0 500 100 0 0 2021 2022 2023 2024 TTM Q1 * EBIT adj. (excl. IFRS 16
Slide 9: Challenging market conditions
Challenging market conditions Net sales and adjusted operating profit SEK M Q1 2025 Q1 2024 10 000 1 500 1,731 1,645 8 000 1 200 Net sales 6 000 900 Adjusted operating profit* 257 252 4 000 600 2 000 300 Operating margin %* 14.9 15.3 0 0 2021 2022 2023 2024 TTM Q1 * EBIT adj. (excl. IFRS 16) Net sal
Slide 10: Good growth through acquisitions
Good growth through acquisitions Net sales and adjusted operating profit SEK M Q1 2025 Q1 2024 3 000 450 400 2 500 Net sales 802 601 350 2 000 300 250 Adjusted operating profit* 77 53 1 500 200 1 000 150 100 Operating margin %* 9.6 8.8 500 50 0 0 2021 2022 2023 2024 TTM Q1 * EBIT adj. (excl. IFRS 16
Slide 11: Building the basis for future business areas
Building the basis for future business areas Net sales and adjusted operating profit SEK M Q1 2025 Q1 2024 2 000 200 1 750 175 Net sales 516 483 1 500 150 1 250 125 Adjusted operating profit* 29 41 1 000 100 750 75 500 50 Operating margin %* 5.6 8.5 250 25 0 0 2021 2022 2023 2024 TTM Q1 * EBIT adj.
Slide 12: Strong performance
Strong performance Net sales and adjusted operating profit SEK M Q1 2025 Q1 2024 2 500 500 511 481 2 000 400 Net sales 1 500 300 Adjusted operating profit* 135 121 1 000 200 500 100 Operating margin %* 26.3 25.2 0 0 2021 2022 2023 2024 TTM Q1 * EBIT adj. (excl. IFRS 16) Net sales Adjusted operating
Slide 13: Strong order intake
Strong order intake Net sales and adjusted operating profit SEK M Q1 2025 Q1 2024 10 000 1 500 2,483 2,104 8 000 1 200 Net sales 6 000 900 Adjusted operating profit* 244 256 4 000 600 2 000 300 Operating margin %* 9.8 12.1 0 0 2021 2022 2023 2024 TTM Q1 * EBIT adj. (excl. IFRS 16) Net sales Adjusted
Slide 14: Net asset value SEK per share by end of March
Net asset value SEK 213 per share by the end of March Investment Portfolio Wholly-owned Operations Part-owned Operations 86.3 64.9 0.2 Less net debt, etc. Development during the year -1.2 per cent -15.4 Latour’s net asset value 136.0 SEK per share All amounts are in SEK billion unless 213 stated oth
Slide 15: Financial targets
Financial targets Annual growth (minimum for all operations) >10% Operating margin (average for all operations) >15% Return on operating capital (minimum for all operations) >15% Page 15
Slide 16: Responsible active owner Creating value for our shareholders
Latour – a long-term sustainable investment company Responsible active owner Creating value for our shareholders Page 16
Slide 17: p LATOUR
a p LATOUR Q8A