Lagercrantz Group Ab Class B · OMXSTO:LAGR_B
Lagercrantz Group Ab Class B — Q2 2026 Earnings Presentation
25 slides from Lagercrantz Group Ab Class B's earnings presentation, Oct 24, 2025
Slide 1: Interim Report Q2 2025/26
Interim Report Q2 2025/26 April – September 2025 (6 months) October 24, 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 17 companies 11 countries 8 countries 10 countries 8 countries 9 countries ◼ B2B Tech Gr
Slide 3: Revenues and profits
Interim Report Q2 2025/26 Revenues and profits Rolling 12 months, quarterly data 15 000 1 500 14 000 Towards 1 400 2 Billion! Profits after financial items, MSEK 13 000 1 300 12 000 1 200 Towards Net sales, MSEK 11 000 1 Billion 1 100 10 000 1 000 9 000 900 Organic growth & 8 000 more acquisitions 8
Slide 4: Q2 - Business conditions
Interim Report Q2 2025/26 Q2 - Business conditions ◼ The market situation was generally stable and slightly better during the second quarter compared to the same period the previous year. ◼ Demand continued to vary across companies and segments, with strongest demand in the Electrify, International
Slide 5: July - September 2025
Interim Report Q2 2025/26 Q2 2025/26 July - September 2025 ◼ Net revenues increased by 13% to MSEK 2,457 (2,172) ◼ Acquisitions 14%, organic growth 1%, currency -2% ◼ EBITA increased 14% to MSEK 440 (387) ◼ EBITA-margin at 17.9% (17.8) ◼ Profits after financial items increased 17% to MSEK 343 (293)
Slide 6: April - September 2025
Interim Report Q2 2025/26 6M 2025/26 April - September 2025 ◼ Net revenues increased by 11% to MSEK 4,930 (4,425) ◼ Acquisitions 12%, organic growth 2%, currency -3% ◼ EBITA increased 13% to MSEK 872 (772) ◼ EBITA-margin at 17.7% (17.4) ◼ Profits after financial items increased by 15% to MSEK 686 (5
Slide 7: Outcome by division
NET SALES 2025/26 2024/25 2023/24 MSEK Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Electrify 622 672 588 603 533 561 449 450 421 Control Outcome by division 317 319 330 322 281 264 284 255 219 TecSec 492 525 550 572 511 538 517 540 480 Niche Products 520 569 642 559 472 495 511 435 390 International 506 388 393 406
Slide 8: Electrify
Comments by division Electrify Interim Report Q2 2025/26 ◼ Revenues +17%, of which acquisitions 9%, organically 9% and FX -1%. ◼ EBITA +32% to MSEK 132 (100) i.e., an EBITA-margin of 21.2% (18.8). ◼ Favourable market within both electrification and infrastructure, which contributed to a strong secon
Slide 9: Control
Comments by division Control Interim Report Q2 2025/26 ◼ Revenues +13% to MSEK 317 (281), of which acquisitions 13%, organically 3% and FX -3%. ◼ EBITA +43% to MSEK 48 (34) i.e. an EBITA-margin of 15.1% (12.1). ◼ A stable market situation combined with successful acquisitions contributed to good imp
Slide 10: TecSec
Comments by division TecSec Interim Report Q2 2025/26 ◼ Revenues -4% to MSEK 492 (511) of which acquisitions 0%, organically -1% and FX -2%. ◼ EBITA amounted to MSEK 68 (87) i.e., an EBITA-margin of 13.8% (17.0). ◼ Several of the safety & security companies in the division performed well in a contin
Slide 11: Niche Products
Comments by division Niche Products Interim Report Q2 2025/26 ◼ Revenues +10% to MSEK 520 (472) of which acquisitions +17%, organically -5% and FX -2%. ◼ EBITA amounted to MSEK 102 (108) i.e., an EBITA-margin of 19.2% (22.9). ◼ Niche Products reported a slightly weaker quarter, due to soft organic d
Slide 12: International
Comments by division International Interim Report Q2 2025/26 ◼ Revenues up 35% to MSEK 506 (375) of which acquisitions 39%, organically 0% and FX -4%. ◼ EBITA +47% to MSEK 97 (66) i.e., an EBITA-margin of 19.2% (17.6). ◼ Market conditions were stable and the International division delivered a strong
Slide 13: 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 14: Building 5 divisions
Lagercrantz towards Two billion Building 5 divisions Electrify Control TecSec Niche Products International 18 companies 16 companies 13 companies 17 companies 17 companies 11 countries 8 countries 10 countries 8 countries 9 countries Niched companies Measure and Security and safety B2B product with
Slide 15: 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 11 15 13 15 14 13 13 13 13 Proprietary produ
Slide 16: Acquisitions
Lagercrantz towards Two billion Acquisitions >85 acquisitions since 2006, including: 2020 as Group (Niche Products) 2022. Westmatic Group (Niche Products) ◼ Actively acquiring leading B2B Tech ARAS Security (TecSec) companies in expansive niches. PcP Corporation (TecSec) Stegborgs EL-evator (Control
Slide 17: 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 18: 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 19: 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 20: 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.
Slide 21: Qvintus
Qvintus ◼ Qvintus manufactures and supplies instruments for measuring temperature and pressure. ◼ The company has a wide range of industrial thermometers, pressure gauges and valves, with its own manufacture and assembly of parts of the range. ◼ The annual turnover is just over MSEK 25. ◼ The compan
Slide 22: Financial overview
Interim Report Q2 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 Q2 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 9,894 EBITA 256 295 355 409 436 519 565 616 895 1,205 1,431 1,646 1,746 EBITA,% 10.
Slide 23: Lagercrantz Group
Lagercrantz Group www.lagercrantz.com
Slide 24: Board of Directors, Group Mgmt
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 Daniel Andersson Andreas Heder Head of Electrify Head of Control Anders Claeson Jö
Slide 25: The share & owners
The share & owners • B share listed on Nasdaq Owners 2025-09-30 Shares Votes Stockholm, Large Cap Anders Börjesson & Tisenhult-gruppen 5.6% 29.0% • Ticker: LAGR B Fidelity Investments (FMR) 9.4% 6.6% SEB Investment Funds 7.7% 5.4% Swedbank Robur Funds 6.9% 4.9% Lannebo Asset Management 6.3% 4.4% Jör