Slide 1: Q1 report 2025/26
2025/26 Q1 report Webcast August 28th Roland Kasper, CEO Anders Ulff, CFO 1
Slide 2: Agenda
Agenda 01 Systemair in brief 02 First quarter summary 03 Q1 Financials 04 Sustainability highlights 05 Projects and product launches 06 Q&A 2 Systemair Q1 | 2025/26
Slide 3: Systemair in brief
Systemair in brief 1974 51 Number of Operating from the core values of simplicity Established in countries with and reliability, our business concept is to Skinnskatteberg, own sales develop, manufacture and market energy- Sweden, today HQ companies efficient, high-quality ventilation products. ~1,1
Slide 4: Strategic update Q1
Strategic → At the recently concluded Eurovent Middle East Meeting, update Q1 Systemair Public Affairs was invited to join and share its expertise at the Roundtable Discussion. → Positive growth trend in all → We are proud to be a driving markets except Eastern force in shaping the future of Europe,
Slide 5: Markets
Markets 15% 14% 12% We have a global and diversified customer base. This provides us with a solid foundation for profitable growth 13% 46% and high resilience. 14 % 46 % 13 % 12 % 15 % Nordic region Western Europe Eastern Europe North America Other markets (14) (45) & the CIS (13) (13) (15) 5 System
Slide 6: Net sales
Net sales 3175 3111 25,0 +5.7 % 3094 20,0 Organic 15,0 Growth 10,0 5,0 0,0 Q1 21/22 Q1 22/23 Q1 23/24 Q1 24/25 Q1 25/26 -5,0 -10,0 -0.6 % Growth Q1 Q1 Q1 Organic quarterly growth 2023/2024 2024/2025 2025/2026 Organic growth R12 6 Systemair Q1 | 2025/26
Slide 7: Growth analyze Q1
Growth analyze Q1 Total growth -0.6% Organic 7,0 6,0 Organic growth in all regions except 5,0 Eastern Europe despite challenging 4,0 market conditions 3,0 Acquisitions 2,0 1,0 No effect from acquisitions during the 0,0 quarter -1,0 Organic Aquisitions Currency Currency +5.7% 0% -6.3% Strengthened SE
Slide 8: Geographic breakdown Q1
Geographic breakdown Q1 Nordic region 2025/26 Change in of which DK developed negatively during the quarter while FI, May – Jul sales Organic SE and NO increased. 3 mths Western Europe Nordic region 436.5 3.3% 6.4% NL, IT and ES showed positive growth during the quarter, while sales in DE, UK and FR
Slide 9: Adjusted operating profit Q1
Adjusted operating profit Q1 The gross margin amounted to 36.4 percent 348 (36.0). 305 288 272 The operating profit for the first quarter amounted to SEK 267.9 million (305.2). The operating margin amounted to 8.7 percent (9.8). The operating profit included a capital loss on the sale of the associa
Slide 10: Profit after tax Q1
Profit after tax Q1 242 Net financial items for the first quarter 217 210 amounted to SEK -2.7 million (-16.8). 193 Currency effects on long term receivables, loans and bank balances amounted to a net of SEK +12.4 million (-0.4). Interest expenses for the quarter amounted to SEK -12.4 million (-15.6
Slide 11: Cash flow analysis Q1
Cash flow analysis Q1 Q1 2025/26 Q1 2024/25 Cash flow from 309.7 379.3 operating activities Change in working capital -91.6 -190.9 Net investments, excl -109.7 -97.1 acqusitions Free cash flow 108.4 91.3 Net debt 830.5 1,056.3 Changes in working capital mainly due to increased trade receivables +123
Slide 12: NADI joins Systemair – a pioneer in industrial fans
NADI joins Systemair – a pioneer in industrial fans with a strong people culture In August, Systemair completed the acquisition of NADI Airtechnics Ltd., a company with more than seventy years of experience in designing and manufacturing industrial fans. Headquartered in Chennai, India, NADI is prod
Slide 13: Systemair part of a new way to build Swimming Pool Halls in Sweden
Systemair part of a new way to build Swimming Pool Halls in Sweden → Structure designed with 30–40% less concrete, resulting in a significantly reduced CO₂ footprint. → Incorporates substantially more wood in the main construction, highlighting sustainable materials. → Features a unique energy-savin
Slide 14: Stockholm Metro – ventilation for a demanding environment
Stockholm Metro – ventilation for a demanding environment Systemair has been entrusted to deliver ventilation solutions for the Stockholm Metro Blue Line extension, a major infrastructure project expanding the line from Kungsträdgården to Nacka and Söderort. The extension will increase capacity betw
Slide 15: Swimming pool project in Krško, Slovenia
Swimming pool project in Krško, Slovenia Systemair has secured deliveries to a new public investment for the Krško swimming pool facility. The delivery includes air handling units along with two water-to-water heat pumps integrated into a hydraulic system for sanitary water. In addition, the project
Slide 16: New production facility in Saudi Arabia
New production facility in Saudi Arabia Systemair has taken a major step forward in its local expansion with the establishment of a new factory facility located in Modon Industrial City, one of Saudi Arabia most prominent industrial hubs. With the new plant covering 13,500 m², Systemair is enlarging
Slide 17: Q&A
Q&A 17