Bravida Holding Ab · OMXSTO:BRAV
Bravida Holding Ab — Q3 2025 Earnings Presentation
16 slides from Bravida Holding Ab's earnings presentation, Oct 24, 2025
Slide 1: Bravida Q3 2025
Bravida Q3 2025 Mattias Johansson, Group President & CEO Petra Vranjes, Group CFO 24 October 2025
Slide 2: Bravida at a glance
Presence in 84,000 customers 190 350 branches locations in the Nordic countries 40 regions 14,000 SEK 29.7 4 Countries Employees in 2024 billion sales in 2024 1 Group
Slide 3: Q3 highlights
Q3 highlights • Strong performance in Denmark contributing to a Net sales growth EBITA-margin positive impact on the EBITA-margin, up 80 bps for the group -2.2% 5.3% • EPS increased 24% • Denmark executing better than previously communicated Net debt Cash conversion • Acquisitions contributed to a 2
Slide 4: Net sales performance in Q3, SEKm
Net sales performance in Q3, SEKm Sales growth -2.2% 6,575 162 6,433 Organic growth -3.0% -199 -105 Growth in service -4% Growth in installation 0% Growth from acquisitions +2.5% FX effects -1.6% Our strategy of restricted project selection, Net sales Q3 Organic growth M&A Currency effect
Slide 5: EBITA in Q3, SEKm
EBITA in Q3, SEKm – EBITA-margin increased to 5.3% (4.5%) 342 EBITA-margin in Denmark improved to 5.5% (-0.4%) – 294 EBITA-margin in Sweden decreased from 6.3 to 6.0% EBITA-margin in Norway unchanged at 5.7% – EBITA-margin in Finland decreased to 0.6% (5.1%) 5.3% 4.5% The driver behind our i
Slide 6: Order intake and backlog, SEKm
Order intake and backlog, SEKm Order intake LTM and per quarter Order backlog (installation only) 20,000 17,895 9,000 35,000 16,459 16,610 16,381 8,000 15,000 30,000 7,000 6,539 5,997 25,000 5,900 5,724 6,000 10,000 5,000 20,000 4,000 15,000 3,000 10,000 5,000 2,000 5,000 1,000 0 0 0 2209 2212 2303
Slide 7: ESG
ESG LTIFR (Lost Time Injury Frequency Rate) LTM 20.0 The change in CO2 vehicles in relation to net sales 16.4 LTM compared to 2020 was -42 percent 15.0 42% of all vehicles are electric driven and the change 11.1 in CO2 emissions LTM from vehicles is -14.5% 10.3 10.0 Decreasing LTIFR on Group l
Slide 8: Acquisitions 2025
Acquisitions 2025 Two acquisitions completed YTD. One in Sweden and one in Finland, adding SEK 391m in annual sales One acquisition in Norway in the beginning of Finland Sweden Q4 adding SEK 48m in annual sales One acquisition in Sweden in the beginning of Norway Q4 adding SEK 15m in annual sa
Slide 9: Sweden Q3 2025
Sweden Q3 2025 9,145 8,350 SEKm Q3 2025 Q3 2024 YTD 2025 YTD 2024 Q3 2025 Net sales 2,878 3,080 9,520 10,264 Q3 2024 EBITA 172 193 542 586 EBITA-margin 6.0% 6.3% 5.7% 5.7% Order intake 2,925 2,204 9,729 9,912 2,878 3,080 2,925 2,204 Order backlog 8,350 9,145 8,350 9,145 • Sales decreased -7% explain
Slide 10: Denmark Q3 2025
Denmark Q3 2025 4,649 4,313 Q3 2025 SEKm Q3 2025 Q3 2024 YTD 2025 YTD 2024 Q3 2024 Net sales 1,910 1,595 5,382 4,977 EBITA 105 -7 240 12 1,910 2,018 EBITA-margin 5.5% -0.4% 4.5% 0.2% 1,595 1,375 Order intake 1,375 2,018 6,247 5,587 Order backlog 4,649 4,313 4,649 4,313 Net sales Order intake Order b
Slide 11: Norway Q3 2025
Norway Q3 2025 2,129 2,061 Q3 2025 SEKm Q3 2025 Q3 2024 YTD 2025 YTD 2024 1,297 Q3 2024 1,165 Net sales 1,165 1,297 3,906 4,537 1,093 996 EBITA 66 73 218 245 EBITA-margin 5.7% 5.7% 5.6% 5.4% Order intake 996 1,093 4,113 4,097 Order backlog 2,129 2,061 2,129 2,061 Net sales Order intake Order backlog
Slide 12: Finland Q3 2025
Finland Q3 2025 1,253 Q3 2025 1,090 Q3 2024 SEKm Q3 2025 Q3 2024 YTD 2025 YTD 2024 749 Net sales 528 646 1,628 1,866 646 EBITA 3 33 26 71 528 452 EBITA-margin 0.6% 5.1% 1.6% 3.8% Order intake 749 452 1,980 1,603 Order backlog 1,253 1,090 1,253 1,090 Net sales Order intake Order backlog • Growth in s
Slide 13: Net debt and cash flow, SEKm
Net debt and cash flow, SEKm Operating cash flow, SEKm 1,200 1,140 Key highlights Financial position Q3 2025 1,048 Cash balances 616 Cash conversion declined to 63% (134%) 800 mainly due to large projects execution cycle Term loan, RCF, Commercial paper -2,691 Two large unpaid receivables, are i
Slide 14: Summary Q3 2025
Summary Q3 2025 • Improved EBITA to SEK 342m (294) and EBITA-margin to 5.3% (4.5%) driven by Denmark • EPS increased 24% • Sales growth -2.2% due to weak markets in all Nordic countries together with restricted project selection – Installation sales 0% and service sales -4% • Also, the decrease in o
Slide 15: Market outlook 2025-2026
Market outlook 2025-2026 1. Service activity continues to be stable 2. Challenges in installation continuing – variation between geographies 3. Favourable market conditions for projects in e.g., infrastructure, industry, defence facilities and civil engineering – providing business opportunities 4.
Slide 16: Q&A
Q&A The experience of when it just works