Orthex Oyj · OMXHEX:ORTHEX
Orthex Oyj — Q1 2026 Earnings Presentation
28 slides from Orthex Oyj's earnings presentation, May 7, 2026
Slide 1: Interim Report January–March 2026
INTERIM REPORT January–March 2026 7 May 2026 Alexander Rosenlew, CEO Saara Mäkelä, CFO Hanna Kukkonen, CMSO
Slide 2: Content
Content 1. Introduction to Orthex 2. January-March 2026 in brief 3. Strategy 4. Financials 5. Q&A Q1 INTERIM REPORT | JANUARY–MARCH 2026 | 7 MAY 2026
Slide 3: A European houseware company with strong brands and sustainable products
A European houseware company with strong brands and sustainable products 8 sales organisations >40 customer countries 3 factories (incl. warehouses) >90% own brands ~300 employees (FTE) Sustainability focus Q1 INTERIM REPORT | JANUARY–MARCH 2026 | 7 MAY 2026
Slide 4: Mission to create long-lasting solutions for an organised and enjoyable home
Mission to create long-lasting solutions for an organised and enjoyable home HOME & STORAGE KITCHEN GARDEN (70% of sales1)) (19% of sales1)) (11% of sales1)) Functional and Long-lasting, ~ 10% of sales Benchmark in award-winning high-quality from new launches sustainability design products 1) Invoic
Slide 5: January–March 2026 in brief
JANUARY–MARCH 2026 IN BRIEF Interim Report January–March 2026
Slide 6: CEO comments on Q1/2026
CEO comments on Q1/2026 Solid sales and profitability in volatile market conditions Rest of Europe driving the growth, cautious consumers in the Nordics Net sales growth mainly driven by increased sales of storage products in Rest of Europe – increased distribution and enlarged shelf presence with
Slide 7: Q1 2026 Net sales, Invoiced sales and Adjusted EBITA
Q1 2026 Net sales and Invoiced sales Net sales increased by 2.7% to EUR 21.6 million compared to Q1 in the previous year (21.0) Invoiced sales growth in the Rest of Europe 16.2% In the Nordics, invoiced sales declined by 1.1% Adjusted EBITA Adjusted EBITA was EUR 2.1 million (1.7) Adjusted
Slide 8: Invoiced sales by geography & product category
Invoiced sales by geography & product category Invoiced sales by product category, EUR million Invoiced sales by geography, EUR million 18 15,8 20 16 14,5 17,3 17,1 18 14 16 14 12 12 10 10 8 8 6 6 4,3 5,0 4,1 3,8 4 3,2 2,9 4 2 0,1 0,3 2 0 0 Nordics Rest of Europe Rest of the world Storage Kitchen Ho
Slide 9: Strategy
STRATEGY Interim Report January-March 2026
Slide 10: Growth strategy
Growth strategy Storage category leader in Europe and Accelerated the benchmark for online growth quality, practicality and sustainability in Grow with major every home European retailers Nordic Category Captain M&A as and Novelties Champion a growth tool Build consumer Maintain a high Cost efficien
Slide 11: Ambiente fair in Frankfurt
Ambiente fair in Frankfurt
Slide 12: Build consumer preference
Build consumer preference Finland France Finland
Slide 13: Build consumer preference
Build consumer preference France France France
Slide 14: Sustainability news during Q1 2026
Leading the way in sustainability Sustainability news during Q1 2026 Recognitions SmartStore Module storage solution was awarded with the “Winner” at the German Design Awards 2026. Reporting requirements Orthex Annual and Sustainability report 2025 was published in March. Orthex continued to i
Slide 15: Sustainability news during Q1 2026
Leading the way in sustainability Sustainability news during Q1 2026 Annual and Sustainability Report 2025 Orthex Annual and Sustainability report 2025 was published in March. The report is available at Orthex Reports & Presentations - Orthex Group. Orthex continued to implement its sustainabili
Slide 16: Sustainability news during Q1 2026
Leading the way in sustainability Sustainability news during Q1 2026 Reusify project piloting reusable takeaway containers This spring, Orthex is testing reusable, deposit-based take-away food containers and their return system in collaboration with the K Group, the S Group and several other partn
Slide 17: Strategy in Action - Maintain a high innovation rate
Maintain a high Innovation rate Strategy in Action - Maintain a high innovation rate Q1 INTERIM REPORT | JANUARY–MARCH 2026 | 7 MAY 2026
Slide 18: Financials
FINANCIALS Interim report January–March 2026
Slide 19: Net sales quarterly and profitability
Net sales quarterly and profitability Net sales quarterly, EUR million Adjusted EBITA quarterly, EUR million 26 4,0 24 23,4 3,5 3,3 22,3 3,0 21,6 3,0 22 21,0 20,5 20 2,5 2,1 2025 2,0 1,7 1,7 2025 18 2026 2026 16 1,5 14 1,0 0,5 12 0,0 10 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 In Q1 2026, the Group’s net sales inc
Slide 20: Development of raw material price indexes
Development of raw material price indexes 2 500 € Rawmaterial index prices Propylene (C3) Contract EUR/t ICIS 3rd LOW (PPC) EUR/t Geopolitical escalation in Iran affecting the 2 000 € Strait of Hormuz and increasing cost pressures on plastic 1 500 € raw materials. Supply tightened and 1 000 € av
Slide 21: Investments & net debt
Investments & net debt Net debt, EUR million & Leverage Investments in tangible and intangible assets, EUR million 45 1,8 1,8 40 1,6 1,6 1,6 1,6 35 1,4 1,4 1,4 1,4 1,4 1,3 1,3 30 1,2 1,2 1,2 1,1 25 1,0 1,0 1,0 1,0 0,7 20 0,8 0,8 0,6 15 0,6 0,4 0,4 10 0,4 0,2 5 0,2 0,2 0,0 - - Q1 Q2 Q3 Q4 Q1 2024 Q2
Slide 22: Long-term financial targets
Long-term financial targets Target Description Latest reported SALES Total growth of >5% “An over time annual organic net sales 2.7% total growth to exceed 5 per cent on a Group level, GROWTH Outside Nordics >10% and 10 per cent outside the Nordic region” 19.3% outside Nordics* “Improving EBITA marg
Slide 23: Orthex recognized in the Best Investors pages competition
Orthex recognized in the Best Investors pages competition Finnish Foundation for Share Promotion (Pörssisäätiö) arranges annually competition for the best investor web pages. Winners are announced at the Stock market gala in January. Orthex earned 3rd place in this competition among the small
Slide 24: Summary
SUMMARY UNPREDICTABLE CONDITIONS – FULL FOCUS ON SALES GROWTH 2026 MITIGATION OF RISING COSTS
Slide 25: Q&A
Q&A www.investors.orthexgroup.com
Slide 26: Reporting dates 2026
Reporting dates 2026 Orthex will publish its financial reports in 2026 according to the following schedule 18 August 2026: Half-year financial report January–June 2026 5 November 2026: Interim report January–September 2026 Q1 INTERIM REPORT | JANUARY–MARCH 2026 | 7 MAY 2026
Slide 27: Key Figures
Key Figures Key Performance Indicators EUR million 1–3/2026 1–3/2025 Change 2025 Invoiced sales 22.5 21.8 3.1% 89.6 Net sales 21.6 21.0 2.7% 87.2 Gross margin 6.2 5.8 6.6% 25.0 Gross margin, % 28.8% 27.7% 28.7% EBITDA 3.4 2.9 14.9% 14.7 EBITDA margin, % 15.6% 14.0% 16.8% Adjusted EBITDA 3.4 2.9 14.9
Slide 28: Practical is Beautiful
orthex” Practical is Beautiful