22 slides from Lagercrantz Group Ab Class B's earnings presentation, Jul 18, 2025
Slide 1: Interim Report Q1 2025/26
Interim Report Q1 2025/26 April – June 2025 (3 months) July 18, 2025 Jörgen Wigh, CEO Peter Thysell, CFO
Slide 2: Tech Group with leading positions in expansive niches
Introduction to Lagercrantz Group Tech Group with leading positions in expansive niches Lagercrantz Group Electrify Control TecSec Niche Products International 18 companies 16 companies 13 companies 17 companies 18 companies 11 countries 8 countries 10 countries 8 countries 9 countries ◼ B2B Tech Gr
Slide 3: Revenues and profits
Interim Report Q1 2025/26 Revenues and profits Rolling 12 months, quarterly data 14 000 1 400 13 000 Towards 1 300 2 Billion! Profits after financial items, MSEK 12 000 1 200 11 000 Towards 1 100 Net sales, MSEK 1 Billion 10 000 1 000 9 000 900 8 000 Organic growth & 800 more acquisitions 7 000 700
Slide 4: Q1 - Business conditions
Interim Report Q1 2025/26 Q1 - Business conditions ◼ The market situation was generally stable and somewhat better during the first quarter compared to the same period the previous year. ◼ Demand continued to vary across companies and segments, with strongest demand in the Electrify and Niche Produc
Slide 5: Q1 2025/26 April - June 2025
Interim Report Q1 2025/26 Q1 2025/26 April - June 2025 ◼ Net revenues increased by 10% to MSEK 2,473 (2,253) ◼ Acquisitions 10%, organic growth 3%, currency -3% ◼ EBITA increased 12% to MSEK 432 (386) ◼ EBITA-margin at 17.5% (17.1) ◼ Cashflow from operations increased 23% to MSEK 288 (235) ◼ Profits
Slide 6: Outcome by division
NET SALES 2025/26 2024/25 2023/24 MSEK Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Electrify 672 588 603 533 561 449 450 421 480 Control Outcome by division 319 330 322 281 264 284 255 219 249 TecSec 525 550 572 511 538 517 540 480 528 Niche Products 569 642 559 472 495 511 435 390 420 International 388 393 406 375
Slide 7: Comments by division
Interim Report Q1 2025/26 Comments by division Electrify Revenues +20%, of which acquisitions 9%, organically 13% and FX -2%. EBITA +37% to MSEK 123 (90) i.e., an EBITA-margin of 18.3% (16.0). The market situation remained favorable within both electrification and infrastructure, which contributed t
Slide 8: Comments by division
Interim Report Q1 2025/26 Comments by division TecSec Revenues -2%, of which acquisitions 6%, organically -5% and FX -3%. EBITA amounted to MSEK 84 (98) i.e., an EBITA-margin of 16.0% (18.2). Several of the safety & security companies in the division performed well in a continued favorable market si
Slide 9: Comments by division
Interim Report Q1 2025/26 Comments by division Niche Products Revenues +15%, excl Nikodan and MH Modules, of which acquisitions +17%, organically +1% and FX -3%. EBITA +14% to MSEK 114 (100) i.e., an EBITA-margin of 20.0% (20.2). Niche Products delivered a stable quarter, with a continued favorable
Slide 10: Comments by division
Interim Report Q1 2025/26 Comments by division International Revenues -2%, of which acquisitions 0%, organically 3% and FX -5%. EBITA +1% to MSEK 70 (69) i.e., an EBITA-margin of 18.0% (17.5). The International Division delivered a stable quarter with good profitability and completed two exciting ac
Slide 11: Vision and financial goals
Lagercrantz towards Two billion Vision and financial goals Sustainable supplier of value- adding technologies with market-leading positions in several expansive niches. ❖ Annual profit (EBT) growth >15% At least 1/3 organically and the rest through 8-12 acquisitions per year. ❖ Return on equity (ROE
Slide 12: Continue building the 5 divisions
Lagercrantz towards Two billion Continue building the 5 divisions Electrify Control TecSec Niche Products International 18 companies 16 companies 13 companies 17 companies 18 companies 11 countries 8 countries 10 countries 8 countries 9 countries Niched companies Measure and Security and safety B2B
Slide 13: Aim of 85% proprietary products
Lagercrantz towards Two billion Aim of 85% proprietary products Percentage share of Group sales, moving 12-months based on quarterly data 3 4 4 5 4 4 4 3 3 3 3 2 3 3 2 2 2 2 2 2 5 4 4 3 3 3 3 3 6 5 6 6 6 5 5 8 9 9 8 8 7 5 5 5 5 10 8 10 9 12 14 12 12 13 12 12 15 13 15 14 13 13 13 13 Proprietary produ
Slide 14: Acquisitions
Lagercrantz towards Two billion Acquisitions >85 acquisitions since 2006, including: ◼ Actively acquiring leading B2B Tech 2020 as Group (Niche Products) companies in expansive niches. 2022. Westmatic Group (Niche Products) ARAS Security (TecSec) ◼ 8-12 companies per year PcP Corporation (TecSec) St
Slide 15: MT Miljøteknik
MT Miljøteknik ◼ MT Miljøteknik is a leading supplier of safety products for freshwater and wastewater distribution networks. ◼ Product range includes manhole covers, locking devices, safety grates and ventilation solutions, with municipal utility companies constitutes an important customer group. ◼
Slide 16: Orax
Orax ◼ Orax is a leading Swedish supplier of products for handling and maintenance within the funeral and cemetery sectors. ◼ The product range consists of both in-house manufactured products and traded goods. ◼ The annual turnover is just over MSEK 50 with an EBIT of approximately MSEK 9. ◼ The com
Slide 17: Epoke
Epoke ◼ Epoke is a leading manufacturer equipment for winter road maintenance equipment and road safety, especially for spreading sand and salt. ◼ The company is market leader in Denmark and one of the major suppliers in the European market with strong positions in the Netherlands and Germany. ◼ Ann
Slide 18: Friggeråkers Verkstäder
Friggeråkers Verkstäder ◼ Friggeråker is a a leading Swedish manufacturer of sand and salt spreaders sold under the Falköping brand. ◼ The company is market leader in Sweden and Norway and the key customer segments include road contractors, municipalities, and airports. ◼ Annual revenue of approx. M
Slide 19: Financial overview
Interim Report Q1 2025/26 Financial overview MSEK 25/26 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21 21/22 22/23 23/24 24/25 RTM Q1 Net Sales 2,546 2,846 3,057 3,096 3,410 3,932 4,180 4,091 5,482 7,246 8,129 9,389 9,609 EBITA 256 295 355 409 436 519 565 616 895 1,205 1,431 1,646 1,692 EBITA,% 10.
Slide 20: Lagercrantz Group
Lagercrantz Group www.lagercrantz.com
Slide 21: Board of Directors and Group Management
Appendix Board of Directors Group Mgmt Jörgen Wigh Jonas Ahlberg President & CEO Executive VP Head of M&A Fredrik Börjesson Anna Almlöf Chairman of the Board Peter Thysell CFO Malin Nordesjö Anna Marsell Division Mgmt Peter Baaske Andreas Heder Head of Electrify Head of Control Anders Claeson Jörgen
Slide 22: The share & owners
The share & owners • B share listed on Nasdaq Owners 2025-06-30 Shares Votes Stockholm, Large Cap Anders Börjesson & Tisenhult-gruppen 5.6% 29.0% • Ticker: LAGR B Fidelity Investments (FMR) 9.7% 6.9% SEB Investment Funds 7.6% 5.4% Swedbank Robur Funds 6.9% 4.9% Lannebo Asset Management 6.1% 4.4% Cap