Slide 1: Interim Q1 2026
Interim Q1 2026 INTERIM REPORT Q1 2026 1
Slide 2: Table of Content
1. Highlights TABLE OF 2. Financials CONTENT 3. Summary 4. Q&A INTERIM REPORT Q1 2026 2
Slide 3: Highlights Q1 2026 – Group
Highlights Q1 2026 – Group Stable quarter with good profitability MSEK Net sales and EBITA, excl. IAC*, % 12 000 • Sales at 8 549 MSEK, corresponding to a growth of 3%, excl. FX 10 000 • Organic sales in line with LY 8 000 9,4% 9,4% • Weather-related branch closures in the US during January 6 000 •
Slide 4: Highlights Q1 2026 – Group
Highlights Q1 2026 – Group • OEM segment, organic growth of 5% • Strong growth in our green OEM products from SCM Frigo in both EMEA and APAC MSEK Organic sales per product segment Sales split • Higher level of activity in larger projects in APAC during the 10 000 quarter 0% • SCM Frigo and Fenagy e
Slide 5: Highlights Q1 2026 – Division EMEA
Highlights Q1 2026 – Division EMEA An underlying stable quarter MSEK Q1 26 Q1 25 Change, % R12 12M 25 Net sales 5 178 5 305 -2,4 22 433 22 559 • Division EMEA reported Q1 sales growth of 2%, excl. FX Organic growth, % -0,5 3,1 2,6 Change through acquisition, % 2,5 10,7 9,1 • Stable organic growth in
Slide 6: Highlights Q1 2026 – Division APAC
Highlights Q1 2026 – Division APAC All time high EBITA margin MSEK Q1 26 Q1 25 Change, % R12 12M 25 Net sales 1 615 1 678 -3,8 6 096 6 159 • Division APAC reported Q1 sales growth of 4%, excl. FX Organic growth, % 3,1 6,7 2,3 Change through acquisition, % 0,8 2,3 0,8 • Good organic growth of 3% (+7%
Slide 7: Highlights Q1 2026 – Division North America
Highlights Q1 2026 – Division North America Good performance and improved profitability MSEK Q1 26 Q1 25 Change, % R12 12M 25 Net sales 1 803 1 944 -7,3 8 308 8 449 • Division North America reported Q1 sales growth of 7%, excl. Organic growth, % -1,4 5,9 3,1 FX Change through acquisition, % 8,3 22,0
Slide 8: Financials Q1 2026 – Sales development
Financials Q1 2026 – Sales development, excl. FX, % % 45 40 35 30 25 45 20 39 35 15 29 10 14 15 15 5 11 12 8 5 2 3 0 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Of which organic growth 17,9 14,5 1,7 -4,4 -4,1 -4,1 2,2 2,7 6,3 4,3 2,0 5,0 -1,4 -0,2 INTERIM REPORT Q1
Slide 9: Financials Q1 2026 – EBITA development
Financials Q1 2026 – EBITA* development MSEK 1 400 14,0% 1 200 12,0% 1 000 10,0% 9,4% 9,4% 800 8,0% 600 6,0% 400 832 804 4,0% 200 2,0% 0 0,0% Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 EBITA EBITA, % * Excl. items affecting comparability (IAC) INTERIM REPORT Q1 2026 9
Slide 10: Financials Q1 2026
Financials Q1 2026 Organic EBITA* EPS change* Sales growth* growth (change in EBITA, %) (change in %) 3% 4% 5% 0% * Excl. currency effects INTERIM REPORT Q1 2026 10
Slide 11: Financials Q1 2026 – P&L
Financials Q1 2026 – P&L MSEK Q1 2026 Q1 2025 Change, % R12 12M 2025 Sales 8 549 8 898 -4% 36 718 37 067 EBITA excl. IAC 804 832 -3% 3 934 3 962 EBITA margin excl. IAC, % 9,4% 9,4% 10,7% 10,7% EBIT excl. IAC 746 778 -4% 3 712 3 744 Net financial income/expense -109 -131 -470 -493 Tax excl. IAC -156
Slide 12: Financials Q1 2026 – Earnings per share
Financials Q1 2026 – Earnings per share SEK 1,1 1,0 0% 0,9 0,8 0,7 0,6 0,5 0,94 0,94 0,4 0,3 0,2 0,1 0,0 Q1 25 Q1 26 INTERIM REPORT Q1 2026 12
Slide 13: Financials Q1 2026 – Operating cash flow
Financials Q1 2026 – Operating cash flow MSEK 1 200 1 100 1 000 900 -377 800 700 600 -93 500 1 011 -148 400 -8 300 200 385 100 0 EBITDA Working capital CapEx Leasing Other Q1 26 INTERIM REPORT Q1 2026 13
Slide 14: Financials Q1 2026 – Operating cash flow
Financials Q1 2026 – Operating cash flow MSEK 2 000 1 500 1 000 500 445 385 0 -500 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 INTERIM REPORT Q1 2026 14
Slide 15: Financials Q1 2026 – Net debt
Financials Q1 2026 – Net debt Net debt Net debt / EBITDA* excl. leasing and pension MSEK Q1 26 Q1 25 2,6 LTM EBITDA excl. IAC 4 746 4 681 2,4 2,2 2,1 LTM EBITDA impact of leasing (IFRS 16) -691 -667 2,0 2,0 1,9 1,9 LTM EBITDA excl. leasing (IFRS 16) and IAC 4 056 4 014 1,8 1,8 1,8 1,7 1,6 1,6 Net de
Slide 16: Summary Q1
Summary Q1 Q1 – Stable quarter with good profitability • Total sales growth of 3%, excl. FX (organic sales in line with LY) • EBITA growth of 4%, excl. FX. EBITA margin at 9.4% (9.4). • Seasonally good operating cash flow of 385 MSEK – eleven consecutive quarters with positive cash flow • Earnings p
Slide 17: Q&A
Q&A INTERIM REPORT Q1 2026 17
Slide 18: Thank you
Thank you INTERIM REPORT Q1 2026 18