Bravida Holding Ab · OMXSTO:BRAV
Bravida Holding Ab — Q1 2026 Earnings Presentation
20 slides from Bravida Holding Ab's earnings presentation, May 5, 2026
Slide 1: Q1 2026 Interim Report
Q1 2026 Interim Report Solid sales and margin development with increased order backlog Bravida Q1 2026 Mattias Johansson, President & CEO Petra Vranjes, CFO Stockholm, 5 May 2026 Mattias Johansson, President & CEO Petra Vranjes, CFO May 5th, 2026
Slide 2: Bravida starts 2026 with a good momentum
Bravida starts 2026 with a good momentum Net sales Cash conversion Order intake 7,045 77% +5% (6,888) (101) (-1) EBITA margin Net debt / EBITDA Order backlog 4.6% 1.1x +7% (4.5) (1.0) (-13) (=Q12025)
Slide 3: Positive organic growth and stable EBITA margin
Positive organic growth and stable EBITA margin • Business model and geographic presence contribute • 6% (4) EBITA growth to 325 (307) MSEK, EBITA margin to resilience, in a stabilized, but diverse market. was 4.6% (4.5). EBITA impacted by restructuring costs of -20 MSEK. EBITA margin LTM was 5.9% (
Slide 4: Share buyback program part of optimizing capital structure
Share buyback program part of optimizing capital structure • AGM 2026 resolved to authorize Bravida’s Board to repurchase shares. • Purpose of the authorization is part of optimizing the capital structure and creating long-term shareholder value. • The Board intends to evaluate share buyback program
Slide 5: Active acquisition agenda
Active acquisition agenda • A good pipeline of attractive companies with a suitable business and culture. 22 acquisitions No. acquisitions 2014-2025 Net sales 3.0 SEKbn 166 Sverige Finland Norge SEK ~12.5 bn Acquired sales 2014-2025 21 acquisitions Net sales 2.4 SEKbn 28 acquisitions Net sales 1.8 S
Slide 6: Society's transformation benefits Bravida's business
Society's transformation benefits Bravida's business Reliable Data center security systems Defence industry Industrial Hospital buildings with projects Energy saving operational security in buildings Infrastructure project 6 Presentation Interim Report Q1 2026
Slide 7: Increased order intake and order backlog
Increased order intake and order backlog Order intake increaseed 5% (-1) YoY Order backlog increased 7% (-13) YoY MSEK MSEK MSEK 9,000 35,000 20,000 8,236 17,835 7,915 7,823 18,000 17,334 8,000 16,727 30,000 16,243 6,844 15,586 16,000 7,000 6,553 25,000 14,000 6,000 12,000 5,000 20,000 10,000 4,000
Slide 8: Selection of new customer assignments during the quarter
Selection of new customer assignments during the quarter Sweden Denmark Norway Finland Bravida and Bravida has signed an Bravida has signed a Bravida has signed a EcoDataCenter have agreement for installation contract to deliver heating, service and maintenance signed an agreement for work at Sommer
Slide 9: Financials
Financials Petra Vranjes CFO Presentation Interim Report Q1 2026
Slide 10: Positive organic growth and stable EBITA margin
Positive organic growth and stable EBITA margin • 2% (-5) sales growth to 7,045 (6,888) MSEK • 6% (4) EBITA growth to 325 (307) MSEK • 3% (2) acquisition • Restructuring costs of -20 MSEK. Additional costs of • 1% (-6) organic ~50-60 MSEK during 2026. Annual savings ~65 MSEK. • FX -2% (-1) • EBITA m
Slide 11: Q1 2026: Sweden
Q1 2026: Sweden MSEK Quarterly net sales and EBITA margin LTM % MSEK Q1 2026 Q1 2025 4,500 8 4,000 6.5% 7 3,473 3,411 Net sales 3,411 3,256 3,500 3,256 6 EBITA 152 165 3,000 5 2,500 EBITA margin,% 4.5 5.1 4 2,000 Order intake 4,009 3,442 3 1,500 2 Order backlog 8,278 8,326 1,000 500 1 0 0 • 5% (-6)
Slide 12: Q1 2026: Denmark
Q1 2026: Denmark MSEK Quarterly net sales and EBITA margin LTM % MSEK Q1 2026 Q1 2025 2,500 8 5.4% 7 Net sales 1,789 1,708 2,000 1,789 1,633 1,708 6 EBITA 90 60 5 1,500 EBITA margin,% 5.0 3.5 4 1,000 3 Order intake 1,861 2,082 2 Order backlog 4,587 4,080 500 1 0 0 • 5% (5) net sales growth; 10% (5)
Slide 13: Q1 2026: Norway
Q1 2026: Norway MSEK Quarterly net sales and EBITA margin LTM % MSEK Q1 2026 Q1 2025 2,500 8 6.1% 7 Net sales 1,336 1,419 2,000 6 1,621 EBITA 68 74 1,419 5 1,500 1,336 EBITA margin,% 5.1 5.2 4 1,000 Order intake 1,449 1,634 3 Order backlog 2,242 2,151 2 500 1 0 0 • -6% (-12) sales growth; 1% (0) acq
Slide 14: Q1 2026: Finland
Q1 2026: Finland MSEK Quarterly net sales and EBITA margin LTM % MSEK Q1 2026 Q1 2025 2,500 8 7 Net sales 537 548 2,000 6 EBITA 7 8 5 1,500 EBITA margin,% 1.3 1.4 4 1,000 2.1% Order intake 945 709 3 573 548 537 2 Order backlog 1,619 1,030 500 1 0 0 • -2% (-4) sales growth;11% (13) acquisition, 2403
Slide 15: Good cash flow and low net debt
Good cash flow and low net debt Operating cash flow Highlights MSEK 500 Financial position Q1 2026 • Cash conversion was 77% (101), which 450 follows from large projects execution cycle Cash balances 895 400 354 • Ruling expected in June 2026 for one Term loan, RCF, Commercial paper -1,885 350 large
Slide 16: Long-term perspective in our sustainability efforts
Long-term perspective in our sustainability efforts LTIFR Proportion of electric vehicles 5.0 46% (5.6) (38) Change in CO2e emissions Scope 1 Change in tonnes CO2e Scope 1/net sales -34% -31% (-18) (-18) (=Q12025)
Slide 17: The results of the first quarter 2026 show strength and stability in a diverse market
The results of the first quarter 2026 show strength and stability in a diverse market Organic growth EBITA margin EPS 1% 4.6% 1.17 (-6) (4.5) (1.11) Cash conversion Net debt / EBITDA LTIFR 77% 1.1x 5.0 (101) (1.0) (5.6) (=Q12025) 17 Presentation Interim Report Q1 2026
Slide 18: Outlook
Outlook • Solid net sales, positive organic growth and margin development, combined with increased order intake and order backlog, in a stabilized, but diverse market. • Good cash flow and low net debt gives us desired flexibility to act. • Continue our growth ambitions combined with a focus on “mar
Slide 19: Financial calendar
Financial calendar Q2 2026 Interim Report 13 July, 2026 Q3 2026 Interim Report 23 October, 2026
Slide 20: Q&A
Q&A