Slide 1: Mips' presentation of the Q1 2025 Interim Report
24 April 2025 Mips’ presentation of the Q1 2025 Interim Report 1
Slide 2: Key highlights
Key highlights • Strong performance with +42% organic growth in the first quarter. Good development in all three categories and good growth in most geographies. • Strong sales to European customers fueled by improving consumer market. Good growth also in US, despite a more careful consumer spending.
Slide 3: Current situation and expected impact from tariffs
Current situation and expected impact from tariffs • The rapid implementation of tariffs have brought uncertainty to the short-term outlook in all our three categories in the US market. • Our customers main uncertainty is; short-term sourcing, levels of pricing with impact both on competitive positi
Slide 4: Sports – progress continues
Sports Sports – progress continues • Strong performance in Sports with +40% net sales growth. • Inventory back at healthy levels, market conditions in Europe improving but US consumer market more uncertain. Uncertainty fueled by the implementation of tariffs. • The long-term positive outlook in the
Slide 5: Strong growth in Moto
Moto Strong growth in Moto • Good performance with +32% net sales growth in the quarter. • Situation more normalized with customers buying from us again, but challenging market conditions remain. • Successful roll-out of Integra TX and retail activation program. • No change in long-term outlook, goo
Slide 6: Good development in Safety
Safety Good development in Safety • Good momentum in Safety with the largest quarter since entry in the category, with +60% net sales growth. • Roll-out of all the new helmet models equipped with our technology is starting to generate the expected market demand. • We remain positive on the outlook f
Slide 7: Development of net sales in our categories
CATEGORIES Development of net sales in our categories SPORTS MOTO SAFETY Sports Q1 Motorcycle Q1 Safety Q1 Revenue SEKm 100 (71) Revenue SEKm 10 (8) Revenue SEKm 6 (4) Growth % 40 Growth % 32 Growth % 60 2025 I Q1 Interim Report 7
Slide 8: Development in the first quarter
FINANCIAL PERFORMANCE Development in the first quarter • Strong development in the first quarter with increase in net SEKm Q1 25 Q1 24 sales of 40%, adjusting for FX, net sales increased 42% organically. Net sales 116 83 40% • Gross profit increased with 46%. Gross margin of 72.1% (69.4), increase m
Slide 9: Balance sheet and cash flow
Balance sheet Cash flow from operating activities (SEKm) and cash flow • Cash and Cash Equivalents at SEK 408m (400). • Dividend of SEK 6.50 (6.00) per share being proposed. Corresponding to 122% of the Group’s net earnings for Mips group (SEKm) Q1 25 Q1 24 FY 24 2024. Total assets 742 751 739 • Ope
Slide 10: Summary
Summary • Good start of the year with +42% organic growth in the first quarter. • Good performance in all our three categories. Strong increase in market share and penetration of the market. Inventory situation fully normalized. • Our current assessment is that near term sales development to our cus
Slide 11: Mips Safety for helmets
Mins Safety for helmets
Slide 12: Disclaimer
Disclaimer IMPORTANT MESSAGE FROM MIPS AB This presentation has been prepared by Mips AB (publ) (the “Company”) solely for use at this presentation and is furnished to you solely for your information and may not be reproduced or redistributed, in whole or in part, to any other person. The presentati