Investment Ab Latour Class B · OMXSTO:LATO_B
Investment Ab Latour Class B — Q2 2025 Earnings Presentation
17 slides from Investment Ab Latour Class B's earnings presentation, Aug 19, 2025
Slide 1: Interim report January – June 2025
Interim report January – June 2025
Slide 2: Latour – a mixed investment company
Latour – a mixed investment company WHOLLY-OWNED INVESTMENT OPERATIONS PORTFOLIO Bemsiq Group Alimak Group Caljan ASSA ABLOY Hultafors Group CTEK Innovalift Fagerhult Nord-Lock Group HMS Networks Swegon Nederman Latour Industries Securitas Sweco Latour Future Solutions Tomra Part-owned holdings Troa
Slide 3: Active principal owner in listed holdings
Active principal owner in listed holdings Net sales, m SEK if not stated otherwise Ebita , m SEK if not stated otherwise 8 000 1 600 200 000 30 000 1 500 150 10 000 1 000 5 000 1 000 1 250 125 8 000 800 4 000 800 6 000 1 200 150 000 22 500 1 000 100 6 000 600 3 000 600 4 000 800 100 000 15 000 750 7
Slide 4: Total return for the listed portfolio 2025
Total return for the listed portfolio 2025 The total return including share price growth and dividend, for each investment company compared with the SIXRX benchmark index. Page 4
Slide 5: The wholly-owned industrial operations
The wholly-owned industrial operations M SEK 40,000 4000 36,000 3600 32,000 3200 28,000 2800 24,000 2400 20,000 2000 16,000 1600 12,000 1200 8,000 800 4,000 400 0 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Quarterly results Orders
Slide 6: Acquisitions during 2025
Acquisitions during 2025 Total annual contribution SEK 1.8 billion Page 6
Slide 7: Growth despite a challenging market
Growth despite a challenging market Net sales and adjusted operating profit SEK M Q2 2025 Q2 2024 2 500 500 554 498 2 000 400 Net sales 1 500 300 Adjusted operating profit* 120 109 1 000 200 500 100 Operating margin %* 21.6 21.8 0 0 2021 2022 2023 2024 TTM Q2 * EBIT adj. (excl. IFRS 16) Net sales Ad
Slide 8: Strong net sales and profitability
Strong net sales and profitability Net sales and adjusted operating profit SEK M Q2 2025 Q2 2024 2 500 500 450 374 2 000 400 Net sales 1 500 300 Adjusted operating profit* 86 50 1 000 200 500 100 Operating margin %* 19.0 13.4 0 0 2021 2022 2023 2024 TTM Q2 * EBIT adj. (excl. IFRS 16) Net sales Adjus
Slide 9: Challenging market conditions
Challenging market conditions Net sales and adjusted operating profit SEK M Q2 2025 Q2 2024 10 000 1 500 1,597 1,685 8 000 1 200 Net sales 6 000 900 Adjusted operating profit* 205 270 4 000 600 2 000 300 Operating margin %* 12.9 16.0 0 0 2021 2022 2023 2024 TTM Q2 * EBIT adj. (excl. IFRS 16) Net sal
Slide 10: Good growth, both acquired and organically
Good growth, both acquired and organically Net sales and adjusted operating profit SEK M Q2 2025 Q2 2024 4 000 600 Net sales 867 643 3 000 450 Adjusted operating profit* 102 62 2 000 300 1 000 150 Operating margin %* 11.7 9.6 0 0 2021 2022 2023 2024 TTM Q2 * EBIT adj. (excl. IFRS 16) Net sales Adjus
Slide 11: Building the basis for future business areas
Building the basis for future business areas Net sales and adjusted operating profit SEK M Q2 2025 Q2 2024 3 000 450 518 503 360 Net sales 2 250 270 Adjusted operating profit* 37 38 1 500 180 750 90 Operating margin %* 7.2 7.6 0 0 2021 2022 2023 2024 TTM Q2 * EBIT adj. (excl. IFRS 16) Net sales Adju
Slide 12: Strong performance and record quarter
Strong performance and record quarter Net sales and adjusted operating profit 3 000 600 SEK M Q2 2025 Q2 2024 2 500 500 Net sales 527 485 2 000 400 Adjusted operating 1 500 300 profit* 157 118 1 000 200 29.8 24.0 500 100 Operating margin %* 0 0 2021 2022 2023 2024 TTM Q2 * EBIT adj. (excl. IFRS 16)
Slide 13: Good performance on a challenging market
Good performance on a challenging market Net sales and adjusted operating profit SEK M Q2 2025 Q2 2024 10 000 1 500 2,588 2,338 8 000 1 200 Net sales 6 000 900 Adjusted operating profit* 282 300 4 000 600 2 000 300 Operating margin %* 10.9 12.8 0 0 2021 2022 2023 2024 TTM Q2 * EBIT adj. (excl. IFRS
Slide 14: Net asset value: -1.9 per cent
Net asset value SEK 207 per share by the end of June Investment Portfolio Wholly-owned Operations Part-owned Operations 8484 65 0.2 Less net debt, etc. Development during the year -1.9 per cent -17 Latour’s net asset value 132 SEK per share All amounts are in SEK billion unless 207 stated otherwise.
Slide 15: Financial targets
Financial targets Annual growth (minimum for all operations) >10% Operating margin (average for all operations) >15% Return on operating capital (minimum for all operations) >15% Page 15
Slide 16: Responsible active owner Creating value for our shareholders
Latour – a long-term sustainable investment company Responsible active owner Creating value for our shareholders Page 16
Slide 17: p LATOUR
a p LATOUR Q8A