Slide 1: Nimbus Group Q1 report 2026
Nimbus Group Q1 report 2026 28 April 2026
Slide 2: Today’s Presenters
Today’s Presenters Johan Inden Christian Johansson CEO CFO
Slide 3: First Quarter in summary
First Quarter in summary • Net sales amounted to 257 MSEK (300), driven by a further decrease in the North American market • Order book for Commercial Sales amounted to 285 (470) • Order book for Retail Sales amounted to 146 (154) • Gross profit amounted to 13 MSEK (37) corresponding to a margin of
Slide 4: First Quarter trends
First Quarter trends NET SALES EBITA OPERATING CASH FLOW MSEK MSEK, margin % MSEK 700 2500 60 6% 150 40 4% 100 600 2000 2% 50 500 20 0% 1500 0 0 400 -2% -20 -50 300 1000 -4% -40 -100 200 -6% 500 -60 -150 100 -8% -200 -80 -10% 0 0 2024 2025 2026 2024 2025 2026 2024 2025 2026 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q
Slide 5: Orderbook and market environment
Orderbook and market environment ORDER BOOK ORDER BOOK • Geopolitical uncertainty, market COMMERCIAL SALES, MSEK RETAIL SALES, MSEK sentiment shifted into wait and see and 700 180 cautious dealer behavior 600 160 140 • Market volumes at the lowest level in a 500 120 decade, signs of stability at thi
Slide 6: Market highlights
Market highlights • ’Your waters’ campaign for the Nimbus brand, building on ’staycation’ theme • Spring show season started with Helsinki, Stockholm, Southampton • ’Feel the difference’ tour across key markets in North America • Nimbus 495 Fly success. 18 sold during 18 months. Three new units to N
Slide 7: Nimbus Group is on a journey
Nimbus Group is on a journey Initiatives to improve performance: Nimbus Group design, produce, sell and service boats for leisure as well as commercial use. 1. Further strengthen the Nimbus brand 2. Turn the trend in North America, Edgewater Nimbus Group boats are sold globally through our 3. Improv
Slide 8: Turn the trend in North America, Edgewater in focus
Turn the trend in North America, Edgewater in focus #1 Edgewater competes in the saltwater sportfish segment • Center Consoles is the largest boating segment in North America. • The segment is highly competitive, and market volume reduced significantly from 2023 to 2025 #2 Edgewater actions to impro
Slide 9: Workboats & Governmental sales opportunities - update
Workboats & Governmental sales opportunities - update We are building capabilities to capture opportunities in the workboat and governmental sales sector. Nimbus Group competitive advantages: #1 Serial production capability • The defense sector is expanding. Historically most production is done in a
Slide 10: Key financial items Q1
Key financial items Q1 Gross Profit - Bridge 2025Q1 vs 2026Q1 • EBITA -30 MSEK (-13) lower operating expenses could not MSEK compensate for lower volumes and weaker gross margin 40 37 35 30 -5 • Gross profit 13 MSEK (37) due to lower sales volume, lower 25 margins on sales of stock boats, underabsor
Slide 11: Commercial Sales – development Q1
Commercial Sales – development Q1 • Sales 205 MSEK (244), organic growth – 11 % Net Sales Q1 (2024, 2025, 2026) 350 295 • Sales in Nordics increased, Europe was stable while North 300 244 America declined 250 205 200 • Order intake 134 (230), declined in all regions 150 116 116 100 76 80 91 85 • Ord
Slide 12: Retail Sales – development Q1
Retail Sales – development Q1 • Overall stable and normal quarter for the season despite Net Sales Q1 (2024, 2025, 2026) 57 demanding market and a long Nordic winter 60 52 49 50 • Sales 52 MSEK (57) 40 27 24 30 21 • Order intake 114 MSEK (120) 20 13 14 15 15 16 13 10 • Orderbook 146 MSEK (154) 0 Own
Slide 13: Cash Flow & Net working capital
Cash Flow & Net working capital Operating cash flow improved vs LY, NWC still too high Operating cash flow* MSEK Q1 Q1 MSEK 2026 2025 Change 800 47% 44% 47% 44% 47% 50% 700 41% 45% P&L from operations -11 -7 -4 39% 40% 600 35% 34% Interest & tax paid -9 -19 10 35% 500 Inventories -23 -47 24 30% Acco
Slide 14: Financial targets
Financial targets Growth >10% EBITA margin 10% Capital structure - No Financial debt Dividend policy 30%
Slide 15: Q&A
Q&A AGM 19 May Q2 16 July NIMBUS GROUP