Slide 1: Q1 Report 2026
An entrepreneurial world where people make the difference Bo Annvik, President and CEO Q1 Report 2026 Patrik Johnson, CFO 24 April 2026
Slide 2: Highlights first quarter 2026
Highlights first quarter 2026 ▪ Improved demand with order intake growth of 2%, of which 1% organically. Net Sales ‒ Slightly more than half of the companies had organic order growth. ‒ Strongest demand from customers within Medtech/Pharma, Energy and parts of Process Industry. 8.1BSEK ▪ Net sales a
Slide 3: Further strengthened order backlog
Further strengthened order backlog Order intake Net Sales MSEK MSEK 9,000 30% 9,000 30% 8,000 25% 8,000 25% 20% 20% 7,000 7,000 15% 15% 6,000 6,000 10% 10% 5,000 5,000 5% 5% 4,000 4,000 0% 0% 3,000 -5% 3,000 -5% 2,000 -10% 2,000 -10% 2021 2022 2023 2024 2025 2026 2021 2022 2023 2024 2025 2026 Q Orde
Slide 4: Organic sales development Q1 – major countries
Organic sales development Q1 – major countries Nordics Rest of Europe Rest of the world Sweden Benelux North America Denmark UK/Ireland Asia Finland Germany Norway Switzerland & Austria Total Nordics Total Rest of Europe Total Rest of the world 4
Slide 5: Stable underlying EBITA margin
Stable underlying EBITA margin EBITA & EBITA margin Quarterly growth MSEK Q growth 1,400 17% 15% 1,200 15% 10% 7% 1,000 13% 5% 800 0% 11% 0% 600 9% -5% 400 -3% 200 7% -10% -6% 0 5% -15% 2021 2022 2023 2024 2025 2026 Organic Acquisitions Divestments Currency Q EBITA Q EBITA margin Q MARGIN Q GROWTH 1
Slide 6: Net Sales by Business Area
Net Sales by Business Area Total growth: 5% -7% 4% -2% -2% ▪ Strongest organic sales development in Industrial & Engineering and Life Science, 10.0% due to the good demand development in 8.0% 2025. 6.0% ▪ Infrastructure & Construction and 4.0% Technology & System Solutions still impacted Q organic g
Slide 7: EBITA margin by Business Area
EBITA margin by Business Area EBITA margin development ▪ Industrial & Engineering impacted positively by gross margin improvement, organic sales growth and margin accretive acquisitions. 20% 17.0% ▪ Positive effects from restructuring and 14.4% divestments in Infrastructure & 15% 13.2% Construction.
Slide 8: Three acquisitions YTD - two larger in Q1
Three acquisitions YTD - two larger in Q1 # Company Country Business area Announced Annual sales 1. Belman A/S Denmark Process, Energy & Water Q1 255 MSEK 2. CAT Ricambi S.r.l. Italy Industrial & Engineering Q1 320 MSEK 3. Axotan AB Sweden Life Science Q2 50 MSEK Total 625 MSEK 8
Slide 9: Successful acquisition track record
Successful acquisition track record No. of acquired companies per year Quarterly financial effects acquisitions* 18 100 25% 16 90 14 80 20% 70 12 EBITA (MSEK) EBITA margin 60 15% 10 50 8 40 10% 6 30 4 20 5% 2 10 0 0 0% No. of acquired companies No. of acquired companies (3 yr avg) Acquired EBITA Acq
Slide 10: Key data summary
Key data summary MSEK 2026-Q1 2025-Q1 Change R12 2025 Order Intake 8,609 8,462 2% 32,830 32,683 Net Sales 8,063 8,036 0% 32,256 32,229 Gross margin, % 36.0 35.4 35.5 35.4 EBITA 1,070 1,094 -2% 4,442 4,446 EBITA-margin, % 13.3 13.6 13.7 13.8 Net financial items -98 -119 -18% -416 -437 Tax -194 -185 5
Slide 11: Cash Flow from operating activities
Cash Flow from operating activities Cash Flow development ▪ Operating cash flow during the quarter MSEK was in line with last year and 1,800 160% amounted to SEK 638 million (644). 1,600 140% 1,400 ▪ Inventories lower than last year but 120% 1,200 reductions offset by increased 100% 1,000 receivable
Slide 12: Earnings per share
Earnings per share EPS development ▪ EPS decreased 4% in the quarter to SEK SEK SEK 1.64 (1.71) per share. 2.5 9.0 8.0 ▪ 3- and 5-year rolling 4Q earnings per 2.0 7.0 share CAGR, were -5% and 8%. 6.0 1.5 5.0 4.0 1.0 3.0 0.5 2.0 1.0 0.0 0.0 2021 2022 2023 2024 2025 2026 Q EPS R12 EPS 12
Slide 13: Strong financial position
Strong financial position Net debt development ▪ Interest-bearing net debt increased MSEK compared to same period last year to 12,000 100% SEK 8,146 million (7,721), due to 90% 10,000 increased acquisition pace 80% 8,000 70% ▪ Low debt ratios: 60% ▪ Net debt/equity ratio was 45% (47%). 6,000 50% 40%
Slide 14: Key takeaways
Key takeaways ▪ Continued improved demand - organic order growth of 2% and stable organic sales. ▪ Strong gross margin but the EBITA margin impacted by the organic sales development and slightly higher expenses. ▪ Slightly larger order backlog and a gradual improved financial development in the quar
Slide 15: Thank you! Q&A
Thank you! Indutrade
Slide 16: Financial calendar & contact details
Financial calendar & contact details 16 J ULY 2026 Q2 Report 23 O CTOBER 2026 Q3 Report 27 J ANUARY 2027 Q4 Report Contact: ir@indutrade.com +46 8 703 03 00
Slide 17: Trusted by entrepreneurs
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