Lindab International Ab · OMXSTO:LIAB
Lindab International Ab — Q2 2025 Earnings Presentation
13 slides from Lindab International Ab's earnings presentation, Jul 18, 2025
Slide 1: For a better climate - Lindab Group Q2 report
For a better climate TM Lindab Group Q2 report 18 July 2025 Ola Ringdahl President & CEO Lars Ynner CFO
Slide 2: Q2 highlights
Q2 highlights Ventilation Systems showed strength Lindab Group Q2/25 Q2/24 • Ventilation Systems – Strong results, driven by increased Sales (SEK m) 3,253 3,520 gross margin and cost reductions. – Organic growth in several markets. Organic growth -6% -3% • Profile Systems Acquired growth* +2% +8% –
Slide 3: Challenging market conditions had continued impact on sales
Challenging market conditions had continued impact on sales Sales per year, SEK m SEK m Ventilation Systems SEK m 3,000 4,000 Lindab Group Sales, SEK m 2,500 3,500 2,000 3,000 1,500 2,500 1,000 2,000 500 1,500 0 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 1,000 22 22 22 23 23 23 23 24 24 24 24 25 25 500
Slide 4: Strong result for Ventilation Systems
Strong result for Ventilation Systems Adj. EBIT per quarter and 12 months SEK m Ventilation Systems % % 300 18.0% SEK m Lindab Group 450 14.0% 250 15.0% 400 Adj. EBIT, SEK m 12.0% 200 12.0% 350 Adj. EBIT R12 months, % 10.0% 150 9.0% 300 250 8.0% 100 6.0% 200 6.0% 50 3.0% 150 0 0.0% 4.0% 100 Q2 Q3 Q4
Slide 5: Continued solid cash flow from operating activities
Continued solid cash flow from operating activities Strong cash flow supports additional acquisitions • Cash flow from operating activities amounted to SEK 331 m (342). • Net debt on stable level at SEK 4,456 m (4,517), of which SEK 1,504 m (1,480) is related to leasing liabilities. • Net debt/EBITD
Slide 6: Focus areas 2025
Focus areas 2025 6
Slide 7: Focus areas 2025: priorities for profitable growth
Focus areas 2025: priorities for profitable growth Full Divestments Acquisitions implementation of cost program 7
Slide 8: Ventilation Systems: Structural measures and cost reductions of 120 MSEK implemented
Ventilation Systems: Structural measures and cost reductions of 120 MSEK implemented Full implementation of cost program Action Status Closure of 10 sites for Target achieved warehousing, stores and local production ✓ Personnel cut Target achieved involving 180 full-time positions (160 in ✓ Ventilat
Slide 9: Profile Systems: The exit from Eastern Europe is progressing according to plan
Profile Systems: The exit from Eastern Europe is progressing according to plan Divestments Status, closing and divestments Country Status Czech Rep. ✓ Closed in Q4 Slovakia ✓ Divested (completed 2 April) Estonia ✓ Closed in Q1 Poland Hungary and ✓ Closed in Q1 Agreements expected to be Romania signe
Slide 10: Acquisitions completed
Acquisitions completed Acquisitions • Ventia (PL): Acquisition completed on 7 July. Net sales: 240 SEK m • HAS-Vent (UK): Acquisition was made in October 2023 and consolidated into Lindab. An investigation by the UK competition authority CMA was finalised on 1 July 2025. • 29 acquisitions in total s
Slide 11: Industry leader in sustainability
Industry leader in sustainability • Lindab among Europe’s climate leaders 2025 in Financial Times article. #2 in “Construction and Building Materials”. • Competitive products with a sustainability edge. 11
Slide 12: Outlook
Outlook • Ventilation Systems: Market remains challenging, especially in Germany and Sweden. Demand is expected to recover in 2026. • Profile Systems: Increasing sales to smaller projects, but larger projects remain on a low level in Sweden. • Some positive signs can be seen on the horizon and sever
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