Karnell Group Ab Class B · OMXSTO:KARNEL_B
Karnell Group Ab Class B — Karnell Group AB ser. B — Q1 2025 Earnings Presentation
13 slides from Karnell Group Ab Class B's earnings presentation, May 7, 2025
Slide 1: Interim Report January – March 2025
INTERIM REPORT JANUARY – MARCH 2025 Q1 7 MAY 2025
Slide 2: Today's agenda and presenters
Today’s agenda and presenters: Petter Moldenius 01. Introduction 02. Q1 2025 Lars Neret 03. New companies 04. Q&A 2
Slide 3: Karnell Group Q1 2025 – a quarter of strong performance (SEKm)
INTRODUCTION Q1 - 2025 NEW COMPANIES Karnell Group Q1 2025 – a quarter of strong performance (SEKm) Net Sales EBITA Operating cash flow Net debt / EBITDA* 359 38 13 1.0x (Q1 2024: 286) (Q1 2024: 20) (Q1 2024: 12) (Q1 2024: 0.5x) *Net debt excl. leasing / EBITDA excl. leasing Net Sales (SEKm) EBITA (
Slide 4: 2025 Q1: A strong performance in the first quarter of 2025
INTRODUCTION Q1 - 2025 NEW COMPANIES 2025 Q1: A strong performance in the first quarter of 2025, despite continued macroeconomic uncertainty. Net Sales and EBITA% development LTM (SEKm) Highlights during the quarter: 2,100 16 12.6% 12.4% 12.5% 14 • Net sales for the period increased by 25.8% to 359M
Slide 5: Breakdown of quarterly performance in net sales and EBITA
INTRODUCTION Q1 - 2025 NEW COMPANIES Breakdown of quarterly performance in net sales and EBITA Net Sales (SEKm) EBITA (SEKm) +26% 359 -6 +92% 58 38 -1 286 22 10 8% 20% -2% 9 20 43% 53% -4% Q1 2024 Organic growth Acquired Growth Currency effects Q1 2025 Q1 2024 Organic growth Acquired Growth Currency
Slide 6: Product owning companies – Continued Q1 growth
INTRODUCTION Q1 - 2025 NEW COMPANIES Product owning companies – Continued Q1 growth, driven by strong organic performance and acquisitions Net Sales (SEKm) EBITA (SEKm) +47% 173 -2 +54% 37 18 +27% -0 20 117 6 +73% 93 11 1 17% 32% -1% 7 6% 48% -1% Q1 2023 Q1 2024 Organic growth Acquired Currency Q1 2
Slide 7: Niched manufacturers – stable performance compared to softer previous year
INTRODUCTION Q1 - 2025 NEW COMPANIES Niched manufacturers – Gradually normalized markets – stable performance compared to softer previous year Net Sales (SEKm) EBITA (SEKm) +25% +11% 31 +9% 186 -1 -4 -8% 21 6 168 27 1 155 25 1 1% 12% -2% 6% 22% -3% Q1 2023 Q1 2024 Organic growth Acquired Currency Q1
Slide 8: Growing cash flow from operating activities
INTRODUCTION Q1 - 2025 NEW COMPANIES Growing cash flow from operating activities Cash flow from operating activities (LTM) (SEKm) +28% 173 174 175 137 136 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 • Increased cash flow in Q1 on an LTM basis. Increased profits contributed to growth but somewhat higher
Slide 9: Stable capital structure with low leverage as a base for further acquisitions
INTRODUCTION Q1 - 2025 NEW COMPANIES Stable capital structure with low leverage as a base for further acquisitions Net debt excl. leasing (SEKm) SEKm 2022 2023 2024 Q1 2025 1.7x 1.2x 0.9x 1.0x Interest bearing debt 340 376 460 519 Cash and cash equivalents 149 190 286 290 229 191 Net debt excl. leas
Slide 10: Männistö
INTRODUCTION Q1 - 2025 NEW COMPANIES Examples of products: Männistö – A pipe support and insulation fastener product specialist for marine applications. Product company with an attractive market position Pro-forma sales and EBITA margin (EURm) • Männistö Oy is a Finnish manufacturer specializing in
Slide 11: Warwick SASCo
INTRODUCTION Q1 - 2025 NEW COMPANIES Examples of products: Warwick SASCo – A provider of medical hollowware for hospital decontamination, surgery rooms and patient care. Medical product company Pro-forma sales and EBITA margin (GBPm) • Warwick SASCo designs and supplies reusable specialist 7,5 42 pl
Slide 12: Q1 2025 key takeaways
INTRODUCTION Q1 - 2025 NEW COMPANIES Q1 2025 - Both revenue and EBITA increased at the group level, with all business units contributing positively, a strengthened portfolio through one platform acquisition, and a solid foundation to drive further expansion in 2025 Key take aways: • Strong financial
Slide 13: Thanks for listening
Thanks for listening Questions?
Karnell Group AB ser. B — Q1 2025 Earnings Presentation on 6ix