Slide 1: MEKO January – March 2026
MEKO January – March 2026 May 7, 2026
Slide 2: Q1: Measures that yield results – and further actions to boost profitability
Q1: Measures that yield results – and further actions to boost profitability Strong cash flow from operating activities of 441 MSEK Leverage reduced to 3.6x, with a strong focus to return to our target of 2.0-3.0x Slight organic growth – continued efforts to increase sales EBIT increased somewhat, w
Slide 3: Continued focus on increasing organic growth
Continued focus on increasing organic growth +10 % Examples: in Q1 • Strong development in tire sales Growth of 10 percent during the first quarter • Continued roll-out of ”Every part matters” Tailored for cars with higher milage 3
Slide 4: New AI solution for faster service and a better car owner experience
New AI solution for faster service and a better car owner experience • Workshops can spend less time diagnosing cars • More time for serving car owners Rollout ongoing Improving profitability Improving customer satisfaction • Multilingual • Part of MEKO’s workshop portal 4
Slide 5: Leadership changes in Norway and Denmark
Leadership changes in Norway and Denmark • One role responsible for Norwegian operations Geir Hoff takes over Sørensen og Balchen as Morten Birkeland retires • Mikael Bjørnskov new Managing Director in Denmark CEO of KOMPAN's Norwegian and Danish Geir Hoff Mikael Bjørnskov operations Extensive
Slide 6: Earnings recovery and strong cash flow
Earnings recovery and strong cash flow Slight organic sales growth outpaced by negative FX movements Gross margin negatively impacted by sales mix and continued price competition in Poland and Finland Strong cash flow generation, partly driven by working capital improvements Rolling 2025 SEK M
Slide 7: Strengthened inventory management, Capex level reined in
Strengthened inventory management, Capex level reined in MSEK Inventory 6,000 5,000 4,000 Focused inventory management 3,000 and reduction initiatives executed 2,000 in Q1 1,000 0,000 Working capital also benefitting 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4 2026 Q1 from mo
Slide 8: Committed to returning to the 2–3x target range
Committed to returning to the 2–3x target range Net debt Net debt/ MSEK EBITDA* 5,000 x 12,0 11,0 10,0 Q1 net debt of 2,458 (3,013) MSEK 4,000 9,0 8,0 Leverage of 3.6 times, measured 3,000 7,0 as net debt/EBITDA excl IFRS 16 6,0 5,0 Solid liquidity position with 2,000 4.0 3.4 3.6 4,0 available
Slide 9: Gross margin impacted by price competition and mix effects
Gross margin impacted by price competition and mix effects Gross margin (%) bridge 2025 Q1 to 2026 Q1 42,8 0,3 0,7 0,8 41,7 • Negative impact from strong price 0,8 competition in Poland, Finland and Denmark. • Currency had a positive effect in the quarter, primarily due to a weaker EUR against SEK,
Slide 10: First wave of enhancing initiatives
Efficiency First wave ofenhancing initiatives efficiency efforts nearing ongoing completion, with further measures underway to turn around the Polish business FTEs 6 600 -440 • Additional staff reduction in Poland started 6,402 in Q1 2026 – ca 10% reduction vs 6 400 beginning of year as part of turn
Slide 11: Poland/The Baltics – Actions launched to improve profitability
Poland/The Baltics – Actions launched to improve profitability • Reported net sales declined by 1% but organic growth of 5%, driven by strong development in the Baltics and export markets. • Adjusted EBIT declined as cost-saving measures could not fully offset lower gross profit and negative currenc
Slide 12: Denmark – Improved margins and flat organic growth
Denmark – Improved margins and flat organic growth • Reported net sales declined by 5%, with flat organic growth. Signs of stabilized demand, while strong competition and price pressure continued to dominate market development • Adjusted EBIT in line with last year despite lower sales, supported by
Slide 13: Finland – Positive shift in profitability and margins
Finland – Positive shift in profitability and margins • Reported net sales growth of 8 per cent, of which 13 per cent organic, driven by strong sales of tires and batteries. Development impacted by continued fierce competition and price pressure 8% • Adjusted EBIT improved due to cost reductions and
Slide 14: Sweden/Norway – Profitability improved on strong cost control
Sweden/Norway – Profitability improved on strong cost control • Reported net sales declined by 3%, with organic sales down 2% as price increases did not fully offset lower volumes. Net sales were negatively impacted by increased competition • Adjusted EBIT increased slightly on efficiency measures a
Slide 15: Sørensen og Balchen – Temporary impact from warehouse transition
Sørensen og Balchen – Temporary impact from warehouse transition • Reported net sales declined by 10%, with organic sales of -8%, as warehouse relocation disruptions and weak market conditions 5% weighed on performance • Weak profitability reflects lower sales and higher cost allocation related to t
Slide 16: Q1: Measures that yield results – and further actions to boost profitability
Q1: Measures that yield results – and further actions to boost profitability Strong cash flow from operating activities of 441 MSEK Leverage reduced to 3.6x, with a strong focus to return to our target of 2.0-3.0x Slight organic growth – continued efforts to increase sales EBIT increased somewhat, w
Slide 17: Q&A
Q&A 17
Slide 18: We enable mobility - today, tomorrow and in the future
WE ENABLE MOBILITY - TODAY, TOMORROW AND IN THE FUTURE 18
Slide 19: Appendix
APPENDIX 19
Slide 20: Strong Group footprint
Strong Group footprint Market shares per geography Net sales per geography, 2026Q1 Denmark 28% Number of branches: 42 (25Q4: 48) Number of affiliated workshops: 894 (25Q4: 903) Finland 25% Number of branches: 149 (25Q4: 155) Number of affiliated workshops: 390 (25Q4: 397) Norway 25% Number of branch
Slide 21: Largest owners 2026-03-31
Largest owners 2026-03-31 Voting rights and share capitals, % LKQ Corporation 26,6 Fjärde AP-fonden 8,6 Nordea Funds 4,0 Unionen 4,0 Carnegie Fonder 3,7 Swedbank Robur Fonder 3,6 Eva Fraim Påhlman 3,1 Handelsbanken Fonder 2,4 Dimensional Fund Advisors 2,2 Avanza Pension 2,2 Total 10 largest sharehol
Slide 22: Profitability impacted by lower gross margin
Profitability impacted by lower gross margin Adjusted EBIT (SEK M) bridge 2025 Q1 to 2026 Q1 3 2 • Denmark and Sweden/Norway 231 18 28 steady at solid return levels 24 200 2 • Finland approaching break-even with help from organic growth • Sørensen og Balchen affected by supply disruptions • Actions
Slide 23: Long term financial targets
Long term financial targets Sales growth Adjusted EBIT growth Annual sales growth of at least 5 percent Annual adjusted EBIT growth of at least 10 percent. - through a combination of organic growth and smaller acquisitions, but excluding selective M&A. Net debt/EBITDA Dividend policy Net debt/EBITDA