Slide 1: Keeping the world together piece by piece
INTERIM REPORT Q4, 2025 Keeping the world together piece by piece
Slide 2: Agenda
Agenda Axel Berntsson, President & CEO Noteworthy items in Q4 Noteworthy items full year 2025 Anna Åkerblad, CFO Financial results Axel Berntsson, President & CEO Focus going forward
Slide 3: Noteworthy items Q4
Noteworthy items Q4 Recovery following customer cyberattack was stronger than anticipated Volumes improved towards the end of the quarter, though remaining below prior-year levels Continued margin discipline and operational focus supported underlying earnings development
Slide 4: Noteworthy items full year 2025
Noteworthy items full year 2025 Performance impacted by external factors, including customer cyberattack, currency effects & anti-dumping fees We finalised our reorganisation & decentralisation of the business Underlying operations demonstrated resilience despite lower volumes Continued prog
Slide 5: Financial results
Financial results BULTEN
Slide 6: Net sales
Net sales 1 600 6 000 1 400 5 000 1 200 4 000 1 000 Net sales – a decrease of -15.7% Q4 vs the same period previous year 800 3 000 600 2 000 400 1 000 200 0 0 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Net sales, MSEK 12-month rolling Net sales, MSEK 6
Slide 7: Net sales per customer group R12M
Net sales per customer group R12M January 2025 – December 2025 OEM, heavy vehicles 9,5% OEM, light vehicles (Δ-4.4 pp vs 2022) Consumer Electronics, Medical Technology 58,7% & Other industries (Δ+4.3 pp vs 2022) 16,1% Automotive suppliers 15,7% 7
Slide 8: EBIT level
EBIT level Quarter EBIT margin 3,0% 2,4% Adjusted EBIT SEK 37 (20) million with an Q4 adjusted EBIT margin of 3.0% (1.4) 1,4% 1,4% Q4 2025 Q4 2024 Reported Adjusted for non-recurring items 8
Slide 9: Key indicators
Key indicators Full year THE GROUP, 12 MONTHS 2025 2024 Return indicators Return on capital employed, % 4.1 9.2 Adjusted return on capital employed, % 6.1 9.2 Return on capital employed, (excluding financial lease) % 4.3 10.2 Adjusted return on capital employed, (excluding financial lease) % 6.6 10.
Slide 10: Focus going forward
Focus going forward Operational execution and disciplined cost management Continue the shift towards consumer electronics, medical technology & other industries outside automotive Continue to explore footprint reductions across the manufacturing base Continued focus on selected customer rela
Slide 11: Questions?
Questions? BULTEN