Embellence Group Ab · OMXSTO:EMBELL
Embellence Group Ab — Q3 2024 Earnings Presentation
12 slides from Embellence Group Ab's earnings presentation, Oct 24, 2024
Slide 1: v 2) S < 7) £
v 2) S < 7) 2 £ 5 GROUP
Slide 2: Today's presenters
Today’s presenters Olle Svensk Karin Lidén CEO CFO embellence GROUP
Slide 3: Q3 2024 Highlights Group
Q3 2024 Highlights Group Net sales, MSEK EBITA, MSEK EBITA Margin 170 (183) 26(26) 15.1% (14.4) A weak quarter with sales decline of -7%, primarily due to soft retail demand Gross margin improved to 60.7% (57.7) thanks to product mix EBITA margin improved to 15.1% Continued strong growth in Manufact
Slide 4: Q3 2024 Highlights Segments
Q3 2024 Highlights Segments Brands (— 13%) * Cautious retailers in main markets * Positive product mix * Less launches in the quarter compared to last year Net Sales, MSEK 151 (174) Manufacturing (+97%) * Continued strong growth in the quarter * Increased market share in Nordic region Net External S
Slide 5: Shinrin YOKU collection introduced at FOCUS/24 in London
The Japan inspired hand- painted collection Shinrin YOKU was introduced to media, interior decorators and trade during the FOCUS/24 design event in London. FOCUS/24 had more than 600 brands showing their products at more than 130 show rooms in London with strong international media crowd attending.
Slide 6: Borastapeter at Formex in Stockholm
BORASTAPETER Bordstapeter showcased iconic wallpaper and fabric designs at Formex in Stockholm. Formex is the leading Nordic interior decoration fair with more than 8 000 visitors from more than 40 countries. embelleace — GROUP
Slide 7: Pappelina limited edition LINA rug
To pappelina Discover the craftsmanship behind our limited Gelittem UNA rug. I a ' ( Celebrating 25 years LINA - Limited Edition This design pays direct tribute to the first material that started it all, featuring 100% linen with a beautiful fringe - embodying simplicity and elegance. erally : GROUP
Slide 8: Q3 2024 Financials
Q3 2024 FINANCIALS Improved margins despite weak Brand sales Sales growth Grossmargin _ EBITA Margin Op. cash flow -7% 60.7% 15.1% 17 MSEK MSEK July-Sep July-Sep = Jan-Sep = Jan-Sep Oct 2023- FY 2024 2023 2024 2023 Sep 2024 2023 Net sales 170 183 576 551 765 740 Gross profit 103 106 343 B23 453 433
Slide 9: Net sales and EBITA development
Q3 2024 FINANCIALS Net sales and EBITA development Net sales and Net sales R12 (MSEK) EBITA (MSEK) & EBITA-Margin (%) 250 900 40 16% 35 14% 200 800 30 12% 150 700 25 10% 20 8% 100 600 45 6% 50 500 |° % 5 2% 0 400 0 0% Q4 Ql Q2 QB Q4 QI Q2 QB Q4 Ql @2 Q3 @4 Ql @2 Q3 22 23 23 23 23 24 24 24 22 23 23 2
Slide 10: • -13 -1 -7 -3 • -19 117 -10 20 23 -14 70 71
• 151 174 -13 515 518 -1 61 66 -7 200 206 -3 • 33 40 -19 105 117 -10 20 23 -14 70 71 -1 • 11 12 -9 36 37 -2 • 27 32 -18 104 88 18 • 19 10 97 61 33 84 170 183 -7 576 551 5 •
Slide 11: Summary
Summary Q3 * Cautious retail channel in major markets impacts Segment Brands * Market share gains in Segment Manufacturing * Gross margin improves to 60.7% * EBITA-margin improves to 15.1% YTD September * Solid sales growth of +5% * Gross margin improves to 59.6% * EBITA-margin improves to 14.6% MSE
Slide 12: Q&A
Q&A embelleace GROUP