Karnell Group Ab Class B · OMXSTO:KARNEL_B
Karnell Group Ab Class B — Karnell Group AB ser. B — Q2 2026 Earnings Presentation
12 slides from Karnell Group Ab Class B's earnings presentation, Jul 17, 2026
Slide 1: Interim Report January – June 2026
INTERIM REPORT JANUARY – JUNE 2026 Q2 17 JULY 2026
Slide 2: Today's agenda and presenters
Today’s agenda and presenters: Petter Moldenius 01. Introduction 02. Q2 2026 Niklas Svensson 03. New companies 04. Q&A 2
Slide 3: Milestone Q2 — EBITA surpasses SEK 100 million
INTRODUCTION Q2 - 2026 New companies Milestone Q2 — EBITA surpasses SEK 100 million, as LTM margin reaches our 15% target Sales +36% | EBITA +59% | Operating cash flow +210% Net Sales EBITA Operating cash flow Net debt / EBITDA* 584 100 62 1.9x (Q2 2025: 431) (Q2 2025: 63) (Q2 2025: 20) (Q2 2025: 1.
Slide 4: LTM EBITA margin reaches 15.4%
INTRODUCTION Q2 - 2026 New companies LTM EBITA margin reaches 15.4% — surpassing our 15% target for the first time Net Sales and EBITA% development LTM (SEKm) Highlights during the quarter: 2,700 15.4% 16 14.6% 15 • Net sales for the period increased by 36% to SEK 584 million (431), with 13.8% 13.3%
Slide 5: Group development
INTRODUCTION Q2 - 2026 New companies Group development – Broad-based growth — both organic delivery and acquisitions contributed strongly Net Sales (SEKm) EBITA (SEKm) +36% +59% 584 100 -4 -1 82 17 +21% 75 431 +54% 21 357 63 17% 19% -1% 41 34% 26% -1% Q2 2024 Q2 2025 Organic growth Acquired Currency
Slide 6: Product companies
INTRODUCTION Q2 - 2026 New companies Product companies – Strong quarter in line with plan, driven by both organic growth and acquisitions Net Sales (SEKm) EBITA (SEKm) +40% +56% 305 50 -2 -0 54 8 +22% 218 34 +33% 10 32 179 16% 25% -1% 24 32% 26% -1% Q2 2024 Q2 2025 Organic growth Acquired Currency e
Slide 7: Niched manufacturers
INTRODUCTION Q2 - 2026 New companies Niched manufacturers – Continued exceptional and broad-based organic momentum lifts EBITA margin to 23.1% Net Sales (SEKm) EBITA (SEKm) +31% +54% 279 65 -2 -1 28 8 +19% 41 213 +51% 15 178 42 19% 13% -1% 28 36% 20% -1% Q2 2024 Q2 2025 Organic growth Acquired Curre
Slide 8: Operating cash flow up 86% on LTM basis
INTRODUCTION Q2 - 2026 New companies Operating cash flow up 86% on LTM basis Cash flow from operating activities (LTM) (SEKm) +86% 307 265 220 175 165 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 • Increased cash flow in Q2 on an LTM basis compared to last year and previous quarters, driven by increased
Slide 9: Active acquirer, disciplined balance sheet: 1.9x leverage
INTRODUCTION Q2 - 2026 New companies Active acquirer, disciplined balance sheet: 1.9x leverage Net debt excl. leasing (SEKm) SEKm 2023 2024 2025 Q2 2026 Interest bearing debt 376 460 370 771 1.2x 0.9x 1.2x 1.9x Cash and cash equivalents 190 286 57 145 627 Net debt excl. leasing 186 174 313 627 EBITD
Slide 10: flex7 — UK niche specialist in modular lighting connection & control
INTRODUCTION Q2 - 2026 New companies flex7 — UK niche specialist in modular lighting connection & control Examples of products: Product company with strong market position and structural tailwinds Sales and EBITA margin* (GBPm) • Founded in 1998 and headquartered in Twyford (Berkshire), 14 33% the C
Slide 11: Q2 2026 — Broad-based organic growth
INTRODUCTION Q2 - 2026 New companies Q2 2026 – Broad-based organic growth, improved margins and a new acquisition in the UK. For the first time, we have achieved our financial target of an EBITA margin of at least 15 per cent. Key take aways: • Milestone quarter — EBITA surpassed SEK 100 million for
Slide 12: Thanks for listening
Thanks for listening Questions?
Karnell Group AB ser. B — Q2 2026 Earnings Presentation on 6ix