Karnell Group Ab Class B · OMXSTO:KARNEL_B
Karnell Group Ab Class B — Karnell Group AB ser. B — Q3 2026 Earnings Presentation
12 slides from Karnell Group Ab Class B's earnings presentation, Oct 23, 2026
Slide 1: Interim Report January–September 2026
INTERIM REPORT JANUARY – SEPTEMBER 2026 Q3 23 OCTOBER 2026
Slide 2: Today's agenda and presenters
Today’s agenda and presenters: Petter Moldenius 01. Introduction 02. Q3 2026 Niklas Svensson 03. Q&A 2
Slide 3: Record Q3 — EBITA up 73% to SEK 120 million, EBITA margin 20.6%
INTRODUCTION Q3 - 2026 Record Q3 — EBITA up 73% to SEK 120 million, an EBITA margin of 20.6% Sales +33% | EBITA +73% | Operating cash flow +191% Net Sales EBITA Operating cash flow Net debt / EBITDA* 582 120 135 1.4x (Q3 2025: 436) (Q3 2025: 69) (Q3 2025: 46) (Q3 2025: 1.6x) *Net debt / EBITDA LTM –
Slide 4: LTM EBITA margin rises to 16.7% — well above our 15% target
INTRODUCTION Q3 - 2026 LTM EBITA margin rises to 16.7% — well above our 15% target Net Sales and EBITA% development LTM (SEKm) Highlights during the quarter: 3.000 18 16,7% • Net sales increased by 33% to SEK 582 million (436), with organic growth 15,4% 16 2.700 14,6% of 18.8%. 13,8% 13,3% 13,6% 14
Slide 5: Group development – Record quarter with strong organic growth
INTRODUCTION Q3 - 2026 Group development – Record quarter — strong organic growth in both business areas, complemented by acquisitions Net Sales (SEKm) EBITA (SEKm) +33% +73% 582 120 0 0 64 21 +22% 82 436 +26% 30 357 19% 15% 0% 69 55 43% 31% -0.5% Q3 2024 Q3 2025 Organic growth Acquired Currency eff
Slide 6: Product companies – EBITA margin lifts to 22.8%
INTRODUCTION Q3 - 2026 Product companies – Organic growth, market share gains and accretive acquisitions lift EBITA margin to 22.8% Net Sales (SEKm) EBITA (SEKm) +25% +54% 310 71 0 0 +45% 32 11 249 29 +61% 14 46 171 30% 25% -1% 12% 13% -0.1% 29 Q3 2024 Q3 2025 Organic growth Acquired Currency effect
Slide 7: Niche production companies – EBITA margin lifts to 23.6%
INTRODUCTION Q3 - 2026 Niche production companies – Strong and increasingly broad-based organic growth lifts EBITA margin to 23.6% Net Sales (SEKm) EBITA (SEKm) +45% +87% 271 64 0 0 32 10 +1% 52 185 187 20 -1% 35 34 28% 17% 0.2% 57% 29% 0.2% Q3 2024 Q3 2025 Organic growth Acquired Currency effects Q
Slide 8: Operating cash flow per share (before dilution) and ROCE
INTRODUCTION Q3 - 2026 Operating cash flow per share (before dilution) and ROCE Operating cash flow per share, LTM (SEK) Return on capital employed (ROCE), LTM (SEKm and %) 600 8,0 600 18 7,2 7,5 17 550 550 16,4% 7,0 500 500 14,7% 16 6,5 5,8 15 450 6,0 450 13,8% 5,5 14 400 5,0 387 400 12,8% 5,0 12,5
Slide 9: Operating cash flow up 121% on LTM basis
INTRODUCTION Q3 - 2026 Operating cash flow up 121% on LTM basis Cash flow from operating activities (LTM) (SEKm) +121% 387 307 265 220 175 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 • Strong cash flow in Q3, driven by higher earnings and a positive contribution from working capital of SEK 19 million (-
Slide 10: Active acquirer, disciplined balance sheet: leverage down to 1.4x
INTRODUCTION Q3 - 2026 Active acquirer, disciplined balance sheet: leverage down to 1.4x Net debt excl. IFRS 16 (SEKm) SEKm 2023 2024 2025 Q3 2026 Interest bearing debt excl. IFRS 16 376 460 370 726 1.2x 0.9x 1.2x 1.4x Cash and cash equivalents 190 286 57 188 537 Net debt excl. IFRS 16 186 174 313 5
Slide 11: Q3 2026 – Record quarter with broad-based organic growth
INTRODUCTION Q3 - 2026 Q3 2026 – Record quarter with broad-based organic growth in both business areas. EBITA margin of 20.6% and an LTM margin of 16.7%, well above our 15 per cent target. Key take aways: • Record quarter — EBITA increased 73% to SEK 120 million and the EBITA margin reached 20.6%, t
Slide 12: Thanks for listening
Thanks for listening Questions?
Karnell Group AB ser. B — Q3 2026 Earnings Presentation on 6ix