Slide 1: We light up your world – Q3 results presentation
We light up your world Q3 results presentation 27 October, 2025
Slide 2: CEO comments
CEO comments • Continued macroeconomic uncertainty overall, slightly signs of improvement. • Stable order intake without contribution from any specific large projects, indicating an underlying steadiness in demand. • The integration of Trato TLV and Capleon is progressing according to plan. • We con
Slide 3: Q3 2025 in figures
Q3 2025 in figures 3 000 300 2 500 250 Order intake: 1 952 MSEK (1 873) +0,0% organic 2 000 200 Net sales: 2 027 MSEK (1 919) +1,0% organic 1 500 150 Operating profit before IAC : 147 MSEK (181) 1 000 100 Operating margin before IAC: 7,3% (9,4%) 500 50 Earnings per share before IAC: 0,47 SEK (0,58)
Slide 4: YTD 2025 in figures
YTD 2025 in figures 7 000 700 6 000 600 Order intake: 6 084 MSEK (6 106) +0,0% organic 5 000 500 Net sales: 5 815 MSEK (6 266) 4 000 400 -7,1% organic 3 000 300 Operating profit before IAC: 412 MSEK (598) 2 000 200 Operating margin before IAC: 7,1% (9,5%) 1 000 100 Earnings per share before IAC: 1,2
Slide 5: Our operating model
Our operating model Business areas Collection Premium Professional Infrastructure Exceptional lighting solutions for Lighting solutions for all the Lighting solutions for selected Specialty lighting solutions for critical architectural applications worldwide. European markets as well as for applicat
Slide 6: Infrastructure
Infrastructure Specialty lighting solutions for critical infrastructure and industry applications. Lighting solutions for environments with specific requirements for installation, durability and robustness World-leading companies with extensive experience in delivering the best solutions for eve
Slide 7: Infrastructure: Industrial lighting built for extreme conditions
Infrastructure Industrial lighting built for extreme conditions Founded within the Iittala glass factory in Finland, launched as a separate brand in 1963 Shifted focus in the 1970s to reliable industrial lighting for glass and paper industries Pioneer in luminaires built for harsh industrial c
Slide 8: Infrastructure: Innovative linear lighting for industrial spaces
Infrastructure Innovative linear lighting for industrial spaces Founded in 1975 in Schagen, the Netherlands Specialises in linear LED lighting for industrial spaces with a focus on energy efficiency and durability First worldwide to introduce linear lighting with integrated cable ducts, IP 65
Slide 9: Infrastructure: Durable lighting for challenging environments
Infrastructure Durable lighting for challenging environments Founded in the UK in 1963 Early focus on robust, waterproof luminaires with high-ingress protection and vandal resistance Products designed specifically for challenging environments such as transport, custodial, social housing, secur
Slide 10: Wrapped
Made in Sweden from recycled Solid board Wrapped Designed with sustainability and innovation at its core Minimal use of plastic and aluminium – always recycled Combines premium light quality with circular design The world’s first cardboard pendant luminaire made of paper Opens new opportun
Slide 11: Wrapped – our most sustainable pendant
Wrapped – our most sustainable pendant Developed and manufactured in Sweden, Habo, by Fagerhult Made from recycled Solid board Designed with sustainability and innovation at its core Minimal use of plastic and aluminium – always recycled Combines premium light quality with circular design
Slide 12: Financial update
Fagerhult Group Financial update
Slide 13: Financial summary Q3
Financial summary Q3 MSEK Q3 2025 Q3 2024 YTD 2025 YTD 2024 Ne t s a le s 2 027 1 919 5,6% 5 815 6 266 -7,2% - Orga nic growth 19 1,0% -446 -7,1% - FX-diffe re nce s a nd a cquis itions 89 -5 Ope ra ting profit be fore IAC 147 181 -18,9% 412 598 -31,1% Ope ra ting profit be fore IAC, % 7,3% 9,4% -2,
Slide 14: Financial summary YTD
Financial summary YTD MSEK Q3 2025 Q3 2024 YTD 2025 YTD 2024 Ne t s a le s 2 027 1 919 5,6% 5 815 6 266 -7,2% - Orga nic growth 19 1,0% -446 -7,1% - FX-diffe re nce s a nd a cquis itions 89 -5 Ope ra ting profit be fore IAC 147 181 -18,9% 412 598 -31,1% Ope ra ting profit be fore IAC, % 7,3% 9,4% -2
Slide 15: Sales development
Sales development Net sales R12 Net sales R12, MSEK 9000 8000 7000 6000 5000 4000 3000 2000 1000 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2022 2023 2024 2025 15
Slide 16: Margin development
Margin development Operating margin before IAC by quarter and R12 Operating margin before IAC,% Rolling 12 months 14.0% 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2022 2023 2024 2025 16
Slide 17: Collection
Collection Financials Q3 1200 12% ─ Order intake 816 (777) MSEK, organic +9,5% 1000 10% ─ Net sales 890 (854) MSEK, organic +8,4% 800 8% ─ Operating margin before IAC 9,7% (7,5%) 600 6% Business update 400 4% ─ Good order intake growth year to date +7,7% 200 2% 0 0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Slide 18: Premium
Premium 900 18% Financials Q3 800 16% ─ Order intake 551 (636) MSEK, organic -11,1% 700 14% ─ Net sales 603 (669) MSEK, organic -7,6% 600 12% ─ Operating margin before IAC 14,9% (17,1%) 500 10% 400 8% Business update 300 6% ─ We see an increasing number of customers choosing 200 4% retrofit solution
Slide 19: Professional
Professional 450 Financials Q3 15% 400 ─ Order intake 357 (247) MSEK, organic -9,1% 12% 350 9% ─ Net sales 410 (256) MSEK, organic +6,3% 300 6% ─ Operating margin before IAC 7,5% (5,1%) 250 3% 200 150 0% Business update ─ Acquisition of Trato and integration progress as planned 100 -3% ─ Year to dat
Slide 20: Infrastructure
Infrastructure 300 18% Financials Q3 16% ─ Order intake 223 (213) MSEK, organic +8,3% 250 14% ─ Net sales 180 (205) MSEK, organic -9,3% 12% 200 10% ─ Operating margin before IAC 3,4% (11,9%) 150 8% 6% Business update 100 4% ─ Designplan strengthens position within German transport sector 2% 50 0% ─
Slide 21: Cash flow
Cash flow Operating cash flow by quarter and R12 Cash flow by quarter, MSEK Rolling 12 months 1400 1200 1000 800 600 400 200 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 -200 2022 2023 2024 2025 21
Slide 22: Net debt development
Net debt development Net debt and Net debt/EBITDA ratio Net debt, MSEK Net debt/EBITDA* 5000 5.00 4500 4.50 4000 4.00 3500 3.50 3000 3.00 2500 2.50 2000 2.00 1500 1.50 1000 1.00 500 0.50 0 0.00 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2022 2023 2024 2025 *EBITDA adjusted for acquisitions/divestm
Slide 23: Earnings per share
Earnings per share Earnings per share by quarter and R12 Earnings per share before IAC by quarter, SEK Rolling 12 months 4 3.5 3 2.5 2 1.5 1 0.5 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2022 2023 2024 2025 23
Slide 24: Conclusion and recap
Conclusion and recap • Solid foundation for future growth, supported by a resilient business and quality order book. • Macro uncertainty remains globally. • Integration of Trato TLV and Capleon progressing well, strengthening our market position. • Continued focus on cost discipline and operational
Slide 25: Q&A
Q&A