Bravida Holding Ab · OMXSTO:BRAV
Bravida Holding Ab — Q1 2025 Earnings Presentation
20 slides from Bravida Holding Ab's earnings presentation, May 6, 2025
Slide 1: Bravida Q1 2025
Bravida Q1 2025 ( Mattias Johansson, CEO Åsa Neving, CFO 6 May 2025
Slide 2: The experience of when it just works
The experience of when it just works Some things in life we just expect to work. You expect the light to turn on when you press the switch, for water to flow from the tap and to be able to trust the security systems in a building. Bravida provides technical solutions for everyday life and the future
Slide 3: Bravida in figures
Bravida in figures Presence in 84,000 customers 190 350 branches locations in the Nordic countries 40 regions 14,000 SEK 29.7 4 Countries employees billion sales in 2024 1 Group
Slide 4: Q1 highlights
Q1 highlights • Organic growth -6% and growth from acquisitions Net sales growth +2% and currency effect -1% • Order intake decreased -1%, based on a selective -5% tender strategy but increasing order intake in Norway, Denmark and Finland • The order backlog increased during the quarter in Service O
Slide 5: Net sales performance in Q1, SEKm
Net sales performance in Q1, SEKm Sales growth -5% 7,275 122 6,888 Organic growth -6% -460 -49 Growth in service -1% Growth in installation -9% Growth from acquisitions +2% FX effects -1% Net sales Q1 Organic growth M&A Currency effect Net sales Q1 2024 2025 5
Slide 6: EBITA in Q1, SEKm
EBITA in Q1, SEKm – • EBITA-margin 4.5% (4.0%) • EBITA-margin improved in all countries 307 – 294 • Denmark improved EBITA-margin to 3.5% (1.0%) • EBITA-margin in Norway improved to 5.2% (4.9%) • EBITA-margin in Sweden and Finland improved – 0.1 percentage point 4.5% 4.0% – – Q1 2025 Q1 2024 6
Slide 7: Order intake and backlog, SEKm
• Order intake increased in Norway, Denmark and Order intake and backlog, SEKm Finland YoY • Order intake in Sweden decreased due to strong comps YoY • The Order backlog increased in all countries in total, SEK 658m Order intake LTM and per quarter 20,000 Order backlog (installation only) 17,835 17,
Slide 8: ESG
ESG LTIFR (Lost Time Injury Frequency Rate) LTM • 38 % of all 8,800 vehicles are electric driven 15.0 14.8 • Change in CO2 emissions LTM from vehicles, -15% • The change in CO2 vehicles in relation to net sales 11.5 LTM compared to 2020 was -38 percent 10.3 • Stable LTIFR on Group level close to tar
Slide 9: Acquisitions 2025
Acquisitions 2025 • 10 acquisitions completed in 2024, adding SEK 580m in annual sales • One acquisition in the beginning of Q2 in Sweden. SEK 346m in net sales • No acquisitions in Denmark due to our focus Finland Sweden on improving profitability • No acquisitions in Norway due to the Norway exten
Slide 10: Sweden Q1 2025
Sweden Q1 2025 9,862 8,326 SEKm Q1 2025 Q1 2024 Q1 2025 Net sales 3,256 3,473 Q1 2024 EBITA 165 172 EBITA-margin 5.1% 5.0% 3,838 3,256 3,473 3,442 Order intake 3,442 3,838 Order backlog 8,326 9,862 • Sales decreased -6% explained by the soft Net sales Order intake Order backlog market in the south p
Slide 11: Norway Q1 2025
Norway Q1 2025 2,151 2,447 Q1 2025 1,621 1,634 SEKm Q1 2025 Q1 2024 1,514 Q1 2024 1,419 Net sales 1,419 1,621 EBITA 74 79 EBITA-margin 5.2% 4.9% Order intake 1,634 1,514 Order backlog 2,151 2,447 Net sales Order intake Order backlog • Growth in sales -12% related to decreasing sales in the installat
Slide 12: Denmark Q1 2025
Denmark Q1 2025 4,080 4,151 Q1 2025 SEKm Q1 2025 Q1 2024 Q1 2024 Net sales 1,708 1,633 EBITA 60 16 2,082 1,998 1,708 1,633 EBITA-margin 3.5% 1.0% Order intake 2,082 1,998 Order backlog 4,080 4,151 Net sales Order intake Order backlog • Growth in sales +5% due to strong growth in the 60 service busin
Slide 13: Finland Q1 2025
Finland Q1 2025 1,375 Q1 2025 Q1 2024 1,030 SEKm Q1 2025 Q1 2024 Net sales 548 573 709 EBITA 8 7 548 573 590 EBITA-margin 1.4% 1.3% Order intake 709 590 Order backlog 1,030 1,375 Net sales Order intake Order backlog • Growth in sales -4% 8 • Growth in the installation business, -10% 7 • Growth in th
Slide 14: Net debt and cash flow, SEKm
Net debt and cash flow, SEKm Operating cash flow, SEKm Key highlights 2,000 1,777 Cash conversion improved to 101% (90%) Financial position Q1 2025 Net debt remains low, providing capacity for 1,500 continued profitable M&A growth and Cash balances 608 shareholder distributions Two larger unpa
Slide 15: Market outlook 2025
Market outlook 2025 1. Service activity continues to be stable 2. Challenges in installation continuing – variation between geographies 3. Favourable market conditions for projects in e.g., infrastructure, industry, defence facilities and civil engineering – providing business opportunities 4. We wi
Slide 16: Financial targets
Financial targets >7% >100% <2.5x Net debt/EBITDA EBITA margin Cash conversion Target leverage ratio >5% >50% of net profit Sales growth Target pay-out ratio 16
Slide 17: Summary Q1 2025
Summary Q1 2025 • Sales growth -5%, mainly related to decreasing installation sales, -9% • Growth from acquisitions +2% • Increased order intake in Norway, Denmark and Finland YoY • Increased order backlog in all countries compared to last quarter • Improved EBITA-margin in all countries • Stable ca
Slide 18: Upcoming events
Upcoming events 11 July 2025 Interim Report Q2 2025 24 October 2025 Interim Report Q3 2025 18
Slide 19: bravida
~+>bravida
Slide 20: bravida
<>bravida