Bergman & Beving Ab Class B · OMXSTO:BERG_B
Bergman & Beving Ab Class B — Q3 2024/2025 Earnings Presentation
18 slides from Bergman & Beving Ab Class B's earnings presentation, Feb 5, 2025
Slide 1: Interim Report 1 April – 31 December 2024
INTERIM REPORT 1 April – 31 December 2024 5 February 2025 Magnus Söderlind – CEO Peter Schön - CFO 1
Slide 2: Highlights Third Quarter 2024/2025
HIGHLIGHTS Third Quarter 2024/2025 Increased earnings, profitability & EPS ❖ Turnover increased 6 percent ❖ EBITA increased 10 percent ❖ 20 consecutive quarters with increased profits ❖ EBITA margin increase to 9,6 percent (9,3) ❖ Profitability (P/WC) increased 6 percentage units ❖ EPS R12 improved
Slide 3: Highlights Third Quarter 2024/2025
HIGHLIGHTS Third Quarter 2024/2025 Increased earnings, profitability & EPS ❖ Turnover increased 6 percent ❖ EBITA increased 10 percent ❖ 20 consecutive quarters with increased profits ❖ EBITA margin increase to 9,6 percent (9,3) ❖ Profitability (P/WC) increased 6 percentage units ❖ EPS R12 improved
Slide 4: Six acquisitions Q1-3 – delivered on acquisition target
SIX ACQUISTIONS Q1-3 – DELIVERED ON ACQUIRE TARGET OF MSEK 50–80 Annual Revenue EBITA P/WC Division MSEK % % Q1 Industrial Maskinab Equipment 35 >15 >>45 Core Q2 Spraylat Solutions 40 >15 >>45 Core Q3 Levypinta Solutions 180 ~15 >>45 Core Ovesta Solutions 35 >15 >>45 Safety Collinder Technology 60 ~
Slide 5: 20 consecutive quarters with increased EBITA
20 CONSEQUTIVE QUARTERS WITH INCREASED EBITA EBITA per quarter % MSEK 14 140 EBITA EBITA % 120 121 12 116 119 120 110 103 104 105 107 ❖ EBITA increased by 10 percent to MSEK 121 (110) 10 91 94 100 88 ❖ EBITA improved 20 quarters in a row 81 84 84 78 8 73 80 ❖ EBITA CAGR 27 percent 66 68 64 57 ❖ EBIT
Slide 6: Six percentage growth despite a continued sluggish underlying market
SIX PERCENTAGE GROWTH DESPITE A CONTINUED SLUGGISH UNDERLYING MARKET Revenue per quarter Quarterly Revenue, % MSEK 1 300 Revenue R4Q/4 1 200 6 1 100 11 -5 1 000 0 Currency Actual Organic Acquisitions 900 800 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 20/21 21/22 22/23 23/24 24/25 6
Slide 7: Own products share continues to increase, underlying gross margin stabilizing
OWN PRODUCTS SHARE CONTINUES TO INCREASE UNDERLYING GROSS MARGIN STABILIZING Gross margin per quarter Revenue per type of products Rolling 12 months % 50 GM R12 Own Proprietary Products Other Products 48 46 32% 30% 28% 26% 44 42 40 38 36 68% 70% 72% 74% 34 32 30 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q
Slide 8: Group target overview
GROUP TARGET OVERVIEW 50 45 40 30 30 26 20 22 16 20 22 21 45% P/WC 20 10 latest FY2627 0 17/18 18/19 19/20 20/21 21/22 22/23 23/24 2412 24/25 25/26 26/27 R12 600 500 500 395 400 339 372 298 EBIT 300 200 216 236 189 247 500 MSEK 100 latest FY2526 0 17/18 18/19 19/20 20/21 21/22 22/23 23/24 2412 24/25
Slide 9: EPS continue to increase
EPS CONTINUE TO INCREASE SEK EPS Q R12 8,00 7,00 6,00 5,00 4,00 3,00 1,90 1,90 2,00 2,05 2,05 1,90 1,95 1,95 1,95 2,00 2,00 1,80 1,80 1,70 1,80 1,70 1,50 1,45 1,60 1,60 1,00 0,00 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 20/21 21/22 22/23 23/24 24/25 9
Slide 10: Inventory level – reduction in slower pace
INVENTORY LEVEL – REDUCTION IN SLOWER PACE MSEK ITO 1 600 3,0 ❖ Inventory amounted to MSEK 1,227 Inventory R12 ITO (1,268) 1 500 ❖ Organic inventory reduction 1 400 MSEK 90 1 300 2,0 ❖ Increased due to acquisition ❖ ESSVE build up in preparation for 1 200 spring orders 1 100 ❖ ITO still not on “pre
Slide 11: Cash flow from operating activities - all time high
CASH FLOW FROM OPERATING ACTIVITIES - ALL TIME HIGH MSEK 250 Cashflow R4Q/4 214 207 200 194 179 176 ❖ Cash flow from operating activities MSEK 214 (207) 150 142 145 ❖ Stronger profitability 133 133 110 ❖ Lower WC 101 100 94 94 79 57 59 50 50 0 -25 -50 -36 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Slide 12: Acquisitions increased net debt
ACQUISITIONS INCREASED NET DEBT MSEK ND/EBITDA 1 400 4,0 Operational Net Debt ND / EBITDA excl IFRS 16 1 200 3,5 3,0 ❖ Operational Net Debt MSEK 1,223 (1,108) 1 000 ❖ Increased credit facility with MSEK 500 to 2,5 Bn SEK 2,5 800 2,0 ❖ Net Debt/EBITDA increased due to aquisitions 600 ❖ Acquisitions o
Slide 13: Core Solutions
CORE SOLUTIONS Still facing a slow underlying market, acquisitions secured a profit increase ❖ Majority of division companies faced a weaker demand including ESSVE ….but ESSVE increased turnover in some markets due to new customer contracts ❖ Fastit discontinued its operations in Asia ❖ ESSVE three
Slide 14: Safety Technology
SAFETY TECHNOLOGY Similar performance levels, in a slow market ❖ Skydda's efficiency measures and product phase-out have a positive impact, but the underlying market remains slow ❖ Acquired Collinder December 2 ❖ Cresto Group first rescue equipment order from another global wind power manufacturer ❖
Slide 15: Industrial Equipment
INDUSTRIAL EQUIPMENT Profit continues to expand, mainly driven by acquired companies ❖ Nordic industry customers demand stabile but on a lower level ❖ The profit and margin improvement is primarily related to acquired companies ❖ Luna's cost reductions and product phase-outs had a positive impact bu
Slide 16: How to reach '500/ten/45'
HOW TO REACH ‘500/ten/45’ UNDERLYING MARKET ❖ Market recovery – expected earliest first half of the next financial year. WHAT WE ALWAYS DO ❖ Profit expansion over revenue growth ❖ B&B Focus Model guides capital allocation company-by-company ❖ Group support – B&B Tool Box ❖ Acquisition of highly prof
Slide 17: Contact Calendar
Contact Calendar Investor Relations 9 May 2025 Peter Schön Financial Report 1 April 2024 – 31 March 2025 +46 70 339 89 99 16 July 2025 ir@bb.se Interim Report 1 April – 30 June 2025 17
Slide 18: Shaping great companies since 1906
SHAPING GREAT COMPANIES SINCE 1906
Bergman & Beving — Q3 2024/2025 Earnings Presentation on 6ix