Lindab International Ab · OMXSTO:LIAB
Lindab International Ab — Q4 2025 Earnings Presentation
11 slides from Lindab International Ab's earnings presentation, Feb 12, 2026
Slide 1: Lindab Group Q4 report 2025
Lindab Group Q4 report 2025 12 February 2026 Ola Ringdahl President & CEO Lars Ynner CFO
Slide 2: Q4 highlights
Q4 highlights Improved profitability for Ventilation Systems Lindab Group Q4/25 Q4/24 • Operating profit and margin for the Group Sales (SEK m) 3,134 3,308 strengthened. • Dividend increased to SEK 5.60 per share. Organic growth - 3% - 5% • Ventilation Systems Acquired growth* +2% +6% Currency effec
Slide 3: Stabilisation of sales in Ventilation Systems
Stabilisation of sales in Ventilation Systems Sales per quarter, SEK m SEK m Ventilation Systems SEK m Lindab Group 3 000 4 000 2 500 Sales, SEK m 3 500 2 000 3 000 1 500 2 500 1 000 2 000 500 1 500 0 1 000 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 22 23 23 23 23 24 24 24 24 25 25 25 25 500 0 SEK m Pro
Slide 4: Continued margin improvement in Ventilation Systems
Continued margin improvement in Ventilation Systems Adj. EBIT per quarter SEK m Ventilation Systems % SEK m Lindab Group % 300 18% 400 16% 250 15% 350 14% Adj. EBIT, SEK m 200 12% 300 12% Adj. EBIT R12 months, % 150 9% 250 10% 100 6% 200 8% 50 3% 150 6% 0 0% 100 4% Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q
Slide 5: Solid cash flow from operating activities
Solid cash flow from operating activities • Cash flow from operating activities amounted to SEK 521 m (629). • Net debt decreased to SEK 4,262 m (4,510), of which SEK 1,476 m (1,581) is related to leasing liabilities. • Net debt/EBITDA amounted to 2.6 (2.5). Financial net debt/EBITDA amounted to 2.1
Slide 6: Focus on profitable growth
- = 4 Focus on profitable growth
Slide 7: Profitability improvements in Ventilation Systems
Profitability improvements in Ventilation Systems Cost-efficient organisation • Structural measures and cost reductions have improved the gross margin and lowered the cost base. Successful integrations • Automation and insourcing contribute to increased gross margins. More room for improvement • Fur
Slide 8: Exit of Profile Systems from Eastern Europe is completed
Exit of Profile Systems from Eastern Europe is completed On 11 December 2024, Lindab Group announced a restructuring of operations in Eastern Europe. That has now been completed, with no additional write-downs. Profile Systems 2024 Profile Systems 2026 Status, closing and divestments Country Status
Slide 9: Acquisition focus continues in 2026
Acquisition focus continues in 2026 Most recent acquisitions 2024-2025 • 29 acquisitions in total since 2020, adding ˃4 billion SEK in revenue. • Actively developing our acquisition pipeline. July 2025 December 2024 October 2024 July 2024 Ventia, Poland Acomat, France Atib, France Venti, Denmark Apr
Slide 10: Somewhat brighter market outlook, but with uncertainties
Somewhat brighter market outlook, but with uncertainties • Gradually improved ventilation market Forecast: European construction market expected in 2026, with Germany as the Source: Euroconstruct (Nov-25) exception. Non-residential Residential Total buildings (non-res + res) 6 • For Profile Systems,
Slide 11: For a better climate
Lindab Group For a better climate.