Bergman & Beving Ab Class B · OMXSTO:BERG_B
Bergman & Beving Ab Class B — Q3 2025/2026 Earnings Presentation
20 slides from Bergman & Beving Ab Class B's earnings presentation, Feb 4, 2026
Slide 1: Financial Report 1 April – 31 December 2025
FINANCIAL REPORT 1 April – 31 December 2025 4 February 2026 Magnus Söderlind – CEO Peter Schön - CFO 1
Slide 2: Highlights Third Quarter 2025/2026
HIGHLIGHTS Third Quarter 2025/2026 Market uncertainty ❖ Positive outlook at the turn of the year, including increased investment activity in the Nordic construction sector ❖ Geopolitics remain highly uncertain -adverse macro scenarios could dampen the pick up Continued Earnings, Margin, Return and E
Slide 3: Highlights Third Quarter 2025/2026 – Structural Initiatives
HIGHLIGHTS Third Quarter 2025/2026 Market uncertainty Continued Earnings, Margin, Return & EPS Improvement Structural Initiatives to Further Strengthen B&B ❖ New divisional structure implemented ❖ Two acquisitions during the period, annual sales MSEK 75 ❖ After the quarter ❖ Acquired A1S, annual sal
Slide 4: Eight acquisitions 2025/2026 – above acquisition target of MSEK 50–80
EIGHT ACQUISTIONS 2025/2026– ABOVE ACQUISITION TARGET OF MSEK 50–80 Annual Revenue EBITA P/WC Division MSEK % % Safety Q1 Ontec Technology 45 >>>15 >>>45 Core Raintite Solutions 90 >15 >>45 Safety Mann & Co Technology 30 ~15 45 Core H C Coils Solutions 130 >15 >>45 Q2 Safety Donut Safety Systems Tec
Slide 5: 24 consecutive quarters with increased EBITA
24 CONSEQUTIVE QUARTERS WITH INCREASED EBITA EBITA per quarter % MSEK 14 1) 135 140 EBITA EBITA % 130 133 12 125 120 121 116 119 120 107 110 ❖ EBITA increased 12 percent, MSEK 135 (121) 10 103 104 105 94 100 91 ❖ EBITA margin 10.7 percent (9.6) 88 81 84 84 8 78 73 80 66 68 64 6 57 60 4 37 40 2 20 0
Slide 6: Net Sales
NET SALES POSITIVE ORGANIC REVENUE GROWTH FOR THE FIRST TIME IN 14 QUARTERS Revenue per quarter Quarterly Revenue, % MSEK 1,400 Revenue Revenue Trend 1,300 4 -4 1,200 -1 -1 1,100 Organic Currency Acquisitions/ Actual Divestments 1,000 900 800 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Slide 7: Own products share above target level
OWN PRODUCTS SHARE ABOVE TARGET LEVEL DIVESTMENTS, ORGANIC IMPROVEMENTS AND ACQUISTIONS ENHANCE GROSS MARGIN Gross margin per quarter Revenue per type of products Rolling 12 months % 55 Other Products GM GM Trend Own Proprietary Products 26% 21% 50 30% 28% 45 40 74% 79% 70% 72% 35 30 Q1 Q2 Q3 Q4 Q1
Slide 8: Group target overview and status
GROUP TARGET OVERVIEW AND STATUS 50 45 40 35 31 30 26 20 22 20 22 21 P/WC 20 16 45% 10 0 17/18 18/19 19/20 20/21 21/22 22/23 23/24 24/25 2512 26/27 R12 600 500 500 399 412 400 339 372 298 300 216 236 189 247 EBIT 200 500 MSEK 100 0 17/18 18/19 19/20 20/21 21/22 22/23 23/24 24/25 2512 25/26 R12 12 10
Slide 9: EPS continues to improve
EPS CONTINUES TO IMPROVE SEK EPS Q R12 9.00 8.00 7.00 6.00 5.00 4.00 3.00 2.25 2.00 2.05 2.05 1.90 1.95 1.95 1.95 1.95 2.05 2.00 2.15 2.00 1.80 1.85 1.85 1.80 1.70 1.80 1.70 1.50 1.45 1.60 1.60 1.00 0.00 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 20/21 21/22 22/23 23/24 24/
Slide 10: Inventory level – slower reduction pace
INVENTORY LEVEL – SLOWER REDUCTION PACE MSEK ITO 1,600 3.0 Inventory R12 ITO R12 1,500 1,400 ❖ Inventory amounted to MSEK 1,103 (1,227) 1,300 2.0 ❖ Organic inventory reduction MSEK 55 1,200 ❖ ITO levelled out 1,100 1,000 1.0 900 800 700 0.0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Slide 11: Cash flow from operating activities – according to plan
CASH FLOW FROM OPERATING ACTIVITIES – ACCORDING TO PLAN Cash flow per quarter MSEK 250 Cashflow Cash flow Trend 207 207 200 187 179 176 182 150 142 145 133 133 ❖ Cash flow from operating activities 125 MSEK 125 (207) 110 112 100 94 94 87 57 79 59 50 50 28 0 -25 -50 -36 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Slide 12: Acquisitions and repurchase of shares increased net debt
ACQUISITIONS AND REPUCHASE OF SHARES INCREASED NET DEBT MSEK ND/EBITDA 1,800 5.0 Operational Net Debt ND / EBITDA excl IFRS 16 1,600 4.5 ❖ Operational Net Debt MSEK 1,529 (1,223) 4.0 1,400 3.5 ❖ Net Debt/EBITDA 2.6 (2.3) 1,200 ❖ Increased due to MSEK 87 in 3.0 acquisitions during the quarter and 1,0
Slide 13: New division structure
NEW DIVISION STRUCTURE Core Solutions Components and solutions such as fastering products, metal liners, heat exchangers and access panels Safety Technology Safety products and solutions, such as personal-area-, technical- and fire safety Machinery & Equipment Machinery, equipment, supply tools, app
Slide 14: Core Solutions
CORE SOLUTIONS Construction sector remained stable, although varied across sub-segments. Early signs of recovery emerging. ❖ Revenue increased 15 percent to MSEK 378 (329) ❖ EBITA increased by 104 percent to MSEK 53 (26) ❖ EBITA margin increased to 14.0 percent (7.9) Focus driving organic growth in
Slide 15: Safety Technology
SAFETY TECHNOLOGY Organic demand mixed - overall somewhat stronger, acquisitions primary driver behind earnings growth ❖ Revenue increased 26 perecnt to MSEK 316 (251) ❖ EBITA increased by 50 percent to MSEK 51 (34) ❖ EBITA margin increased to 16.1 percent (13.5) ❖ Acquired Modus Gauges October 1 Fo
Slide 16: Machinery & Equipment
MACHINERY & EQUIPMENT Demand varied, performance weak due to lower contribution margins & higher operating expenses ❖ Revenue amounted to MSEK 134 (131) ❖ Adjusted EBITA totalled MSEK 10 (25) ❖ EBITA margin 7.5 percent (19.1) Initial focus is to restore and strengthen margins and returns, ❖ New divi
Slide 17: PPE & Utilities
PPE & UTILITIES Underlying performance stronger than figures indicate ❖ Revenue totalled MSEK 424 (558) but need to consider divested impact ❖ Skydda contributed approximately SEK 100 million comparison period ❖ Luna Baltics around SEK 30 million ❖ EBITA MSEK 32 (44) ❖ EBITA margin 7.5 percent (7.9)
Slide 18: Towards the target 500/Ten/45
TOWARDS THE TARGET 500/TEN/45 ALBEIT WITH SEVERAL QUARTERS OF DELAY UNDERLYING MARKET ❖ Positive outlook end 2025 - adverse macro scenarios could dampen the pick up WHAT WE ALWAYS DO ❖ Profit expansion over revenue growth ❖ B&B Focus Model guides capital allocation company-by-company ❖ Group support
Slide 19: Contact Calendar
Contact Calendar Investor Relations 13 May 2026 Peter Schön Financial Report 1 April 2025 – 31 March 2026 +46 70 339 89 99 ir@bb.se 16 July 2026 Interim Report 1 April – 30 June 2026 19
Slide 20: Shaping great companies since 1906
SHAPING GREAT COMPANIES SINCE 1906
Bergman & Beving — Q3 2025/2026 Earnings Presentation on 6ix