Bergman & Beving Ab Class B · OMXSTO:BERG_B
Bergman & Beving Ab Class B — Q4 2024/2025 Earnings Presentation
18 slides from Bergman & Beving Ab Class B's earnings presentation, May 9, 2025
Slide 1: Financial Report 1 April 2024 – 31 March 2025
FINANCIAL REPORT 1 April 2024 – 31 March 2025 9 May 2025 Magnus Söderlind – CEO Peter Schön - CFO 1
Slide 2: Highlights Fourth Quarter 2024/2025
HIGHLIGHTS Fourth Quarter 2024/2025 Market remains sluggish ❖ Employees Construction & Industry Nordics –2 percent (CQ1 SWE & FIN, CQ4 NOR) Increased earnings, profitability & EPS ❖ Turnover increased 8 percent ❖ EBITA increased 8 percent ❖ EBITA margin 9.5 percent (9.6) ❖ EBT (adjusted) increased 2
Slide 3: Highlights Fourth Quarter 2024/2025
HIGHLIGHTS Fourth Quarter 2024/2025 Market remains sluggish ❖ Employees Construction & Industry Nordics –2 percent (CQ1 SWE & FIN, CQ4 NOR) Increased earnings, profitability & EPS ❖ Turnover increased 8 percent ❖ EBITA increased 8 percent ❖ EBITA margin 9.5 percent (9.6) ❖ EBT (adjusted) increased 2
Slide 4: Six acquisitions FY on acquisition target of MSEK 50–80
SIX ACQUISTIONS FY– ON ACQUISITION TARGET OF MSEK 50–80 Annual Revenue EBITA P/WC Division MSEK % % Q1 Industrial Maskinab Equipment 35 >15 >>45 Core Q2 Spraylat Solutions 40 >15 >>45 Core Q3 Levypinta Solutions 180 ~15 >>45 Core Ovesta Solutions 35 >15 >>45 Safety Collinder Technology 60 ~15 >>45 I
Slide 5: 21 consecutive quarters with increased EBITA
21 CONSEQUTIVE QUARTERS WITH INCREASED EBITA EBITA per quarter % MSEK 14 140 125 EBITA EBITA % 120 121 12 116 119 120 110 103 104 105 107 ❖ EBITA increased by 8 percent to MSEK 125 (116) 10 91 94 100 88 ❖ EBITA CAGR 26 percent 81 84 84 78 8 73 80 ❖ EBITA margin totalled 9.5 percent (9.6) 66 68 64 6
Slide 6: Eight percentage revenue growth despite a continued sluggish underlying market
EIGHT PERCENTAGE REVENUE GROWTH DESPITE A CONTINUED SLUGGISH UNDERLYING MARKET Revenue per quarter Quarterly Revenue, % MSEK 1,400 Revenue R12 1,300 8 9 1,200 0 -1 1,100 1,000 Currency Actual Organic Acquisitions 900 800 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 20/21 21/22 22/23 2
Slide 7: Own products share continues to increase
OWN PRODUCTS SHARE CONTINUES TO INCREASE NEW CUSTOMER ONBOARDING DRIVES ONE-OFF GROSS MARGIN EFFECTS Gross margin per quarter Revenue per type of products Rolling 12 months % 50 GM R12 Own Proprietary Products Other Products 48 46 32% 30% 28% 26% 44 42 40 38 36 68% 70% 72% 74% 34 32 30 Q1 Q2 Q3 Q4 Q
Slide 8: Group target overview and status
GROUP TARGET OVERVIEW AND STATUS 50 45 40 31 22 22 26 30 20 20 21 20 16 45% P/WC 10 latest FY2627 0 600 500 500 372 399 400 339 EBIT 300 216 236 189 247 298 500 MSEK 200 latest FY2526 100 0 17/18 18/19 19/20 20/21 21/22 22/23 23/24 24/25 25/26 12 10 10 7,9 8.0 EBIT- 8 6 5.6 6.0 4.7 5.7 6.5 7.1 >10%
Slide 9: EPS all time high
EPS ALL TIME HIGH SEK EPS Q R12 9.00 8.00 7.00 6.00 5.00 4.00 3.00 2.30 2.00 2.05 2.05 1.90 1.95 1.95 1.95 2.00 2.00 1.80 1.90 1.90 1.80 1.70 1.80 1.70 1.50 1.45 1.60 1.60 1.00 0.00 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 20/21 21/22 22/23 23/24 24/25 9
Slide 10: Inventory level – YoY organic reduction by MSEK 80
INVENTORY LEVEL – YoY ORGANIC REDUCTION BY MSEK 80 MSEK ITO 1,600 3.0 Inventory R12 ITO ❖ Inventory amounted to MSEK 1,157 (1,189) 1,500 ❖ Organic inventory reduction 1,400 MSEK 80 1,300 2.0 ❖ ESSVE delivering spring orders 1,200 ❖ Improved ITO but still not on “pre covid levels” 1,100 ❖ Reduction w
Slide 11: Cash flow from operating activities – seasonally lower
CASH FLOW FROM OPERATING ACTIVITIES – SEASONALLY LOWER MSEK 250 Cashflow R4Q/4 207 207 200 187 179 176 ❖ Cash flow from operating activities MSEK 28 (94) 150 142 145 ❖ Main reason increased AR 133 133 ❖ ESSVE invoicing för Spring order 110 100 94 94 ❖ ESSVE start orders for new customer 87 79 ❖ Lowe
Slide 12: Acquisitions increased net debt
ACQUISITIONS INCREASED NET DEBT MSEK ND/EBITDA 1,400 4.0 Operational Net Debt ND / EBITDA excl IFRS 16 1,200 3.5 3.0 ❖ Operational Net Debt MSEK 1,278 (1,057) 1,000 2.5 ❖ Net Debt/EBITDA 2,3 (2,1) 800 ❖ Increased due to MSEK 402 in acquisitions 2.0 during the year 600 ❖ Acquisition target remains in
Slide 13: Core Solutions
CORE SOLUTIONS Still facing a slow underlying market, acquisitions enabled profit growth ❖ ESSVE three large customer agreements with significant ‘take-back’ volumes’ ❖ Raintite acquired April 16 ❖ Revenue increased 30 percent to MSEK 455 (349) ❖ EBITA increased by 11 percent to MSEK 51 (46) ❖ EBITA
Slide 14: Safety Technology
SAFETY TECHNOLOGY Shaping a stronger future through structural change ❖ Agreement March 27 to divest Skydda Sverige, Finland and Norge (Skydda Nordics) to Ahlsell ❖ Venue of MSEK 550, underlying EBITA of MSEK 45. ❖ EV MSEK 300 & possible earn-out of MSEK 80. ❖ Subject to approval of competition auth
Slide 15: Industrial Equipment
INDUSTRIAL EQUIPMENT Companies supplying construction and industrial resellers saw weak demand, especially Luna, Teng Tools, and Polartherm ❖ Revenue totalled MSEK 417 (459) ❖ EBITA MSEK 45 (51) - lower sales & gross margin, partly offset by lower operational expenses ❖ EBITA margin 10.8 percent (11
Slide 16: The way to '500/ten/45'
THE WAY TO ‘500/ten/45’ UNDERLYING MARKET ❖ Market recovery – expected earliest second half of this financial year. WHAT WE ALWAYS DO ❖ Profit expansion over revenue growth ❖ B&B Focus Model guides capital allocation company-by-company ❖ Group support – B&B Tool Box ❖ Acquisition of highly profitabl
Slide 17: Contact Calendar
Contact Calendar Investor Relations 16 July 2025 Peter Schön Interim Report 1 April – 30 June 2025 +46 70 339 89 99 22 October 2025 ir@bb.se Interim Report 1 April – 30 September 2025 17
Slide 18: Shaping great companies since 1906
SHAPING GREAT COMPANIES SINCE 1906
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