Nimbus Group Ab · OMXSTO:BOAT

Nimbus Group Ab — Q1 2025 Earnings Presentation

10 slides from Nimbus Group Ab's earnings presentation, Apr 29, 2025

  1. Slide 1: Nimbus Group Q1 report

    Nimbus Group Q1 report 29 April 2025 1

  2. Slide 2: Today's Presenters

    Today’s Presenters Jan-Erik Lindström Rasmus Alvemyr CEO CFO 2

  3. Slide 3: Business update first quarter 2025

    Business update first quarter 2025  Sales amounted to 300 mSEK (344), down by -13%  EBITA -13 mSEK (-14)  Order intake 334 mSEK (360)  Weakening market in relation to estimate from YE affecting Commercial Sales with steep decline in Other markets (but only representing 4 % of our total business

  4. Slide 4: This is Nimbus Group

    This is Nimbus Group  Founded in 1968  Long history of international trade  True house of well-known brands  2022, June - Own establishment in North America  2023, May – Acquisition of EdgeWater Power Boats (enabling local US production)  2024, first US produced Nimbus boat in Q2  2024, sept

  5. Slide 5: Commercial Sales – development Q1

    Commercial Sales – development Q1 Net Sales Q1 (2023, 2024, 2025)  Sales drop by -17% (-51 MSEK) driven by ROW 350 295 300 238 244  Stronger order intake in Europe but North America softening 250 200  Only confirmed orders in the order book with pre-payment 150 116116 100 91 82 80 91 45 48 51  T

  6. Slide 6: Retail Sales – development Q1

    Retail Sales – development Q1 Net Sales Q1 (2023, 2024, 2025)  Seasonally small Quarter 70 66 57 60 49  Sales increased by +15% driven by own brands 50 40 34 27 30  Continued increase in order intake since Q2-24 20 20 19 13 14 13 16 16 10  Orderbook on highest level since Q1 -23 0 Own brands Tra

  7. Slide 7: P&L development

    P&L development Group Sales 1 898  Continued cost underabsorption effects from low sales and 1 751 1 619 1 576 1 455 production volumes  Focus on reducing finished goods had a negative impact on 927 gross margin 344 300  Improvement in EdgeWater Y/Y by +16 MSEK (EBITA) 2020 2021 2022 2023 2024 20

  8. Slide 8: CF & Working Capital

    CF & Working Capital Operating Cash Flow Q1  Q1 is normally the peak in NWC due to strong seasonal effects in 0 -20 -7 Retail Sales (Nordics) with high inventory levels -40 -19 -60  Operating CF in Q1 amounted to net -127 mSEK (-90) mostly -80 -48 driven by higher levels of receivables due to timi

  9. Slide 9: Financial Targets

    Financial Targets Growth >10% EBITA margin 10% Capital structure - No Financial debt Dividend policy 30% 9

  10. Slide 10: Q&A

    Q&A Financial calendar: Annual General Meeting 16 May Q2 report 2025 17 July 10

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