Bufab Ab · OMXSTO:BUFAB
Bufab Ab — Q1 2026 Earnings Presentation
20 slides from Bufab Ab's earnings presentation, Apr 23, 2026
Slide 1: Q1 Report
D I S C O V E R I N G T H E N E X T S O L U T I O N Q 1 R E P O R T
Slide 2: Q1 highlights
NOVIA GROUP D I S C O V E R I N G T H E N E X T S O L U T I O N Q 1 R E P O R T Q1 highlights Erik Lundén President & CEO
Slide 3: Q1 highlights – strong start to the year
D I S C O V E R I N G T H E N E X T S O L U T I O N Q 1 R E P O R T Q1 highlights – strong start to 2,500 50 the year 2,000 2,149 2,184 2,222 40 1,500 30 30.3% 32.9% 29.1% • Continued strong execution of our strategy with a clear focus on value 1,000 20 creation for our customers 500 10 • Organic sa
Slide 4: Financial highlights
TILKA D I S C O V E R I N G T H E N E X T S O L U T I O N Q 1 R E P O R T Financial highlights Marcus Söderberg CFO
Slide 5: Organic growth, but underlying demand remains cautious
D I S C O V E R I N G T H E N E X T S O L U T I O N Q 1 R E P O R T Organic growth, but underlying demand remains cautious Net sales by quarter Growth development in the quarter 2,500 2,250 2,222 2,184 2,222 2,039 -0.5% 2,200 2,184 2,000 1,917 1,931 2.2% -6.5% 6.5% 2,150 1,500 2,100 1,000 2,050 500
Slide 6: Strong gross margin momentum and good cost control
D I S C O V E R I N G T H E N E X T S O L U T I O N Q 1 R E P O R T Strong gross margin momentum and good cost control Gross Profit Margin Opex & Opex in percent of Net Sales 35 500 25 34 33.8% 419 32.7% 32.9% 33 400 363 391 20 376 368 21.7% 32 31.1% 18.9% 31 18.0% 17.6% 30.3% 300 17.2% 15 30 29 33.
Slide 7: Clear improvement in operating margin – well on track to reach our margin target
D I S C O V E R I N G T H E N E X T S O L U T I O N Q 1 R E P O R T Clear improvement in operating margin – well on track to reach our margin target EBITA adjusted and EBITA margin adjusted 350 18 • Strong gross margin in combination with good cost control led to a clear improvement in operating 300
Slide 8: Higher cash flow, mainly explained by improved results
D I S C O V E R I N G T H E N E X T S O L U T I O N Q 1 R E P O R T Higher cash flow, mainly explained by improved results Cash flow from operating activities, MSEK Cash flow from operating activities, MSEK 300 293 126 -105 245 250 224 316 201 200 -136 164 201 150 100 50 0 Operating Non Cash Interes
Slide 9: Strengthened balance sheet - Net Debt/EBITDA improved to 2.4x
D I S C O V E R I N G T H E N E X T S O L U T I O N Q 1 R E P O R T Strengthened balance sheet - Net Debt/EBITDA improved to 2.4x Net Debt, MSEK Adjusted Net Debt/EBITDA Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 2.8 2.8 2.7 2.6 2.5 2.5 2.4 2.4 2.3 2,330 Net Fin debt 2,548 2,580 2,721 2,815 597 Leasing 567 620 2
Slide 10: Regional highlights
JENNY WALTLE D I S C O V E R I N G T H E N E X T S O L U T I O N Q 1 R E P O R T Regional highlights Erik Lundén President & CEO
Slide 11: Europe North & East
D I S C O V E R I N G T H E N E X T S O L U T I O N Q 1 R E P O R T 1,000 50 Region 868 772 Europe North & East 800 762 40 600 30 33.8% 27.2% 30.8% 400 20 • Total growth was -1.3%, of which organic growth was 1.7% 200 10 • Demand in the furniture and kitchen sector remained weak, while defence and d
Slide 12: Europe West
D I S C O V E R I N G T H E N E X T S O L U T I O N Q 1 R E P O R T 749 750 35 Region 30 601 Europe West 600 490 27.5% 25 450 25.3% 20 25.1% 300 15 • Total growth was 24.7%, of which 23.7% was acquisitions and 6.3% was organic growth 10 150 5 • Strong demand in mechatronics, aerospace and defence 0
Slide 13: Americas
D I S C O V E R I N G T H E N E X T S O L U T I O N Q 1 R E P O R T 500 50 Region 41.9% Americas 400 35.2% 278 34.2% 40 300 274 257 30 • Total growth was -6.1% and the organic growth was 11.6%, mainly 200 20 driven by price increases 100 10 • Stable demand but on a low level for the RV and trailer m
Slide 14: UK & Ireland
D I S C O V E R I N G T H E N E X T S O L U T I O N Q 1 R E P O R T 500 50 Region 398 400 UK & Ireland 400 351 40 300 30 34.3% 32.8% 32.3% 200 20 • Total growth was -12.2%, of which the organic growth was -3.8% 100 10 • Low demand in the manufacturing industry impacted Bufab UK and Ireland combined
Slide 15: Asia-Pacific
D I S C O V E R I N G T H E N E X T S O L U T I O N Q 1 R E P O R T 180 40 Region 31.5% 138 150 Asia-Pacific 35.5% 30 120 116 32.1% 103 90 20 • Total growth amounted to -25.3%, of which -14.0% was organic growth and -11.3% was currency 60 10 30 • Lower demand from some large customers impacted Bufab
Slide 16: Market update
PAJO BOLTE D I S C O V E R I N G T H E N E X T S O L U T I O N Q 1 R E P O R T Market update Erik Lundén President & CEO
Slide 17: We help out in turbulent times
D I S C O V E R I N G T H E N E X T S O L U T I O N Q 1 R E P O R T We help out in turbulent times The Middle East conflict Trade barriers Our Position & Opportunity • So far limited impact on demand. • Tariffs in US well managed, and • Reliability is key in turbulent times we are acting proactively
Slide 18: Summary, Outlook & Priorities
BUFAB HUNGARY D I S C O V E R I N G T H E N E X T S O L U T I O N Q 1 R E P O R T Summary, Outlook & Priorities Erik Lundén President & CEO
Slide 19: Summary, outlook & priorities
CDA BUFAB D I S C O V E R I N G T H E N E X T S O L U T I O N Q 1 R E P O R T Summary, outlook & priorities ✓ Strong performance in Q1 with organic growth and clear improvement in gross and operating margins, despite cautious demand ✓ The strong momentum in gross margin is expected to continue durin
Slide 20: Q&A
HT BENDIX D I S C O V E R I N G T H E N E X T S O L U T I O N Q 1 R E P O R T Q&A