Slide 1: Q2 Report 2026
An entrepreneurial world where people make the difference Bo Annvik, President and CEO Q2 Report 2026 Patrik Johnson, CFO 16 July 2026
Slide 2: Highlights second quarter 2026
Highlights second quarter 2026 ▪ Strong demand with order intake growth of 14%, of which 8% organically. Net Sales ‒ Book to bill 105% ‒ Majority of the companies had organic order growth. ‒ Strongest demand from customers within Medtech/Pharma and Energy. 9.0BSEK ▪ 11% net sales growth, totalling r
Slide 3: Strong top line growth
Strong top line growth Order intake Net Sales MSEK MSEK 10,000 30% 10,000 30% 9,000 25% 9,000 25% 8,000 20% 8,000 20% 7,000 15% 7,000 15% 6,000 10% 6,000 10% 5,000 5% 5,000 5% 4,000 0% 4,000 0% 3,000 -5% 3,000 -5% 2,000 -10% 2,000 -10% 2021 2022 2023 2024 2025 2026 2021 2022 2023 2024 2025 2026 Q Or
Slide 4: Organic sales development Q2 – major countries
Organic sales development Q2 – major countries Nordics Rest of Europe Rest of the world Sweden Benelux North America Denmark UK/Ireland Asia Finland Germany Norway Switzerland & Austria Total Nordics Total Rest of Europe Total Rest of the world 4
Slide 5: All-time-high EBITA and improved EBITA margin
All-time-high EBITA and improved EBITA margin EBITA & EBITA margin Quarterly growth MSEK Q growth 1,400 17% 15% 11% 1,200 15% 10% 8% 1,000 13% 5% 800 1% 11% 0% 600 9% -5% -1% 400 200 7% -10% 0 5% -15% 2021 2022 2023 2024 2025 2026 Organic Acquisitions Divestments Currency Q EBITA Q EBITA margin Q MA
Slide 6: Net Sales by Business Area
Net Sales by Business Area Total growth: 13% -4% 19% 12% 6% ▪ Strongest organic sales growth in Life Science, supported by good demand trend in 15.0% 2025 and 2026, particularly in medical 13% technology distribution. 10.0% ▪ Process, Energy & Water and Industrial & Engineering also achieved strong
Slide 7: EBITA margin by Business Area
EBITA margin by Business Area EBITA margin development ▪ Industrial & Engineering impacted positively by organic sales growth and gross margin improvement. 20% 18.0% ▪ Cost savings and positive effects from 15.3% 15.2% restructuring and divestments in 15% 13.7% Infrastructure & Construction. Q EBITA
Slide 8: Acquisitions 2026
Acquisitions 2026 # Company Country Business area Announced Annual sales 1. Belman A/S Denmark Process, Energy & Water Q1 255 MSEK 2. CAT Ricambi S.r.l. Italy Industrial & Engineering Q1 320 MSEK 3. Axotan AB Sweden Life Science Q2 50 MSEK 4. PHACOTEC Produkt-Service GmbH Germany Life Science Q2 30
Slide 9: Successful acquisition track record
Successful acquisition track record No. of acquired companies per year Quarterly financial effects acquisitions* 18 100 25% 16 90 14 80 20% 70 12 EBITA (MSEK) EBITA margin 60 15% 10 50 8 40 10% 6 30 4 20 5% 2 10 0 0 0% No. of acquired companies No. of acquired companies (3 yr avg) Acquired EBITA Acq
Slide 10: Key data summary
Key data summary MSEK 2026-Q2 2025-Q2 Change 2026-YTD 2025-YTD Change Order Intake 9,413 8,290 14% 18,022 16,752 8% Net Sales 8,988 8,121 11% 17,051 16,157 6% Gross margin, % 35.6 35.3 35.8 35.3 EBITA 1,322 1,115 19% 2,392 2,209 8% EBITA-margin, % 14,7 13.7 14,0 13.7 Net financial items -111 -116 -4
Slide 11: Cash Flow from operating activities
Cash Flow from operating activities Cash Flow development ▪ Operating cash flow during the quarter MSEK increased 20% and amounted to SEK 1,800 160% 882 million (735). 1,600 140% 1,400 ▪ Inventories in line with last year. 120% 1,200 100% ▪ Continued strong cash conversion, on 1,000 or above 130% fo
Slide 12: All-time-high Earnings per share
All-time-high Earnings per share EPS development ▪ EPS increased 23% in the quarter to SEK SEK SEK 2.15 (1.75) per share, an all time 2.5 9.0 high 8.0 2.0 7.0 ▪ 3- and 5-year rolling 4Q earnings per 6.0 share CAGR, were -2% and 7%. 1.5 5.0 4.0 1.0 3.0 0.5 2.0 1.0 0.0 0.0 2021 2022 2023 2024 2025 202
Slide 13: Strong financial position
Strong financial position Net debt development ▪ Interest-bearing net debt increased MSEK compared to same period last year to 12,000 100% SEK 9,821 million (8,544), due to 90% 10,000 increased acquisition pace 80% 8,000 70% ▪ Low debt ratios: 60% ▪ Seasonal high quarter 6,000 50% 40% ▪ Net debt/equ
Slide 14: New appointments to Group Management
New appointments to Group Management Anna Vilogorac Håkan Svensson CFO (14 January 2027, at the latest) Senior Vice President, Infrastructure & Construction (1 August 2026) Work experience: CFO Ratos AB (current position), CFO Work experience: CEO Dahrén Group, Executive Vice Nuent Group, CFO Rock P
Slide 15: Key takeaways
Key takeaways ▪ Strong top line and EPS growth! ▪ All-time-high EBITA and improved EBITA margin – good operational leverage and continued strong gross margin. ▪ Slightly larger order backlog and good acquisition pace, however, market uncertainty remains high due to the middle east conflict. ▪ 9 acqu
Slide 16: Thank you! Q&A
Thank you! Indutrade
Slide 17: Financial calendar & contact details
Financial calendar & contact details 23 O CTOBER 2026 Q3 Report 27 J ANUARY 2027 Q4 Report Contact: ir@indutrade.com +46 8 703 03 00
Slide 18: Trusted by entrepreneurs
MT indutrade Trusted by entrepreneurs