Svedbergs Group Ab Class B · OMXSTO:SVED_B
Svedbergs Group Ab Class B — Svedbergs i Dalstorp — Q2 2025 Earnings Presentation
25 slides from Svedbergs Group Ab Class B's earnings presentation, Jul 18, 2025
Slide 1: Svedbergs Group Q2 2025
SVEDBERGS GROUP Q2 2025
Slide 2: Svedbergs Group at a glance
2 Svedbergs Group at a glance Products within Brands Net sales, SEKm2 bathroom furniture, shower 8 2 184 enclosures, bathtubs, brassware, WCs, mirrors and accessories 4 production EBITA, SEKm2 facilities and sales 312 in 15 countries EBITA-margin2 532 employees1 14,3% 1On average 2024 2The figures r
Slide 3: Our development
3 Our development From a well-established market leader in To a well-established market leader in bathroom bathroom products in Sweden furniture in the Nordics and Northern Europe 1920 1962 1997 2016 2020 2021 2023 Today Founded Launch of the first Listing on Nasdaq Acquisition of Acquisition of Acq
Slide 4: Our business model: Cooperation without confusion
4 Our business model: Cooperation without confusion Central organisation Cooperation Brand segments Joint management and Synergies Centrally governed Local responsibility Opportunities • Strategy and business development • Purchasing cooperation • Branding and Marketing • Accounting & finance • Lead
Slide 5: Highlights Q2
5 Highlights Q2 • The second quarter showed strong performance • Good performance in all segments except Cassøe with increased sales, gross margin and EBITA • Strong development in Roper Rhodes & Macro Design • Improved sales in the UK, Netherlands and Sweden, a stable foundation for future growth.
Slide 6: Sustainability highlights Q2
Sustainability Driving sustainable change – Key actions this quarter highlights Q2 • Roper Rhodes is maintaining its investment of EUR 10,000 in Sustainable Maritime Fuels • Strategic suppliers assessed ensuring reduction plans. • Roper Rhodes now uses 100% recycled plastic in cisterns and toilet se
Slide 7: Net Sales per segment/geography Q2 2025
7 Net Sales per segment/geography Q2 2025 • Strong sales in Macro Design SE, Cassoe DK, Roper Rhodes UK and Thebalux NL • Roper Rhodes and Thebalux have changed the market mix, Q2 29% in the Nordics • Svedbergs segment seems to be stabilized • Thebalux stands for 19%
Slide 8: Net Sales per segment/geography YTD 2025
8 Net Sales per segment/geography YTD 2025 • Strong sales in Macro Design SE, Cassoe DK, Roper Rhodes UK and Thebalux NL • Roper Rhodes and Thebalux have changed the market mix, YTD 29% in the Nordics • Svedbergs segment seems to be stabilized • Thebalux stands for 19%
Slide 9: Svedbergs (Dalstorp, Västra Götaland, Sweden)
Svedbergs (Dalstorp, Västra Götaland, Sweden) • Turnover 2024: MSEK 393 • FTE (SE, FI, NO, DK) 142 • Geography: Nordic Q2-25 Q2-24 Idx YTD 25 YTD 24 Idx Ext sales 103 102 100 211 215 98 EBITA 4 1 284 11 10 118 EBITA% 3,6 1,3 283 5,3 4,4 120 “A room to live and enjoy”
Slide 10: Macro Design (Laholm, Halland, Sweden)
Macro Design (Laholm, Halland, Sweden) • Turnover 2024: MSEK 165 • FTE (SE, NO) 45 • Geography: Sweden and Norway Q2-25 Q2-24 Idx YTD 25 YTD 24 Idx Ext sales 43 43 100 88 86 103 EBITA 7 4 174 13 8 163 EBITA% 16,2 9,3 174 15,1 9,5 159 “Attractive design, functionality and quality at a lower price fou
Slide 11: Cassøe (Herning, Jylland, Danmark)
Cassøe (Herning, Jylland, Danmark) • Turnover 2024: MSEK 86 • FTE (DK) 16 • Geography: Denmark and Norway Q2-25 Q2-24 Idx YTD 25 YTD 24 Idx Ext sales 20 25 82 43 47 92 EBITA 3 5 63 8 9 83 EBITA% 15,5 20,2 77 18,0 19,9 90 ”Cassøe markets and distributes designed quality products with the customer in
Slide 12: Roper Rhodes (Bath, UK)
Roper Rhodes (Bath, UK) • Turnover 2024: MSEK 1 138 • FTE (UK, IRE) 232 • Geography: UK and Ireland Q2-25 Q2-24 Idx YTD 25 YTD 24 Idx Ext sales 295 285 103 601 574 105 EBITA 55 49 111 110 98 111 EBITA% 18,5 17,2 107 18,2 17,1 106 “UK's bathroom brand of choice, by providing excellent and sustainable
Slide 13: Thebalux (Zutphen/Veghel, the Netherlands)
Thebalux (Zutphen/Veghel, the Netherlands) • Turnover 2024: MSEK 401 • FTE (NL) 92 • Geography: NL, DE, BE Q2-25 Q2-24 Idx YTD 25 YTD 24 Idx Ext sales 109 107 102 224 211 106 EBITA 26 28 93 56 54 104 EBITA% 23,9 26,2 91 25,0 25,5 98
Slide 14: Q2 in numbers
14 Q2 in numbers
Slide 15: Net Sales development Q2 2025
15 Net Sales development Q2 2025 • Net sales for the quarter amounted to SEK 571 million (562), corresponding to an increase of 1,4 percent compared to the previous year 1,4% • Organic growth 5 percent -20 28 571 • Currency negative impact on sales by 562 -3,5 percent Q2 2024 Organic FX Q2 2025
Slide 16: Net Sales development YTD 2025
16 Net Sales development YTD 2025 • Net sales for the first half-year amounted to SEK 1 167 million (1 134), corresponding to an increase of 2,9 percent compared to the previous 3% year -16 1’167 • Organic growth 4,3 percent 49 1’134 • Currency negative impact on sales by - 1,4 percent Q2 2024 Organ
Slide 17: Net Sales Development Q2 2025
17 Net Sales Development Q2 2025 • Net Sales 1,4 percent higher vs PY • Organic growth positive with 5 percent • Good performance in almost all segments
Slide 18: Profit & Margins Q2/YTD 2025
18 Profit & Margins Q2/YTD 2025 • Gross Margin and EBITA at a good level in Q2, good performance in major segments • High focus on driving growth • High focus on cost control
Slide 19: Cash flow and Financial position 2025
19 Cash flow and Financial position 2025 • Free Cash Flow YTD positive outcome vs previous year mainly assigned to operating activities • Investments assigned to production equipment, product development and IT Q2 YTD Change Change 2025 2024 SEKm 2025 2024 SEKm Cash flow from operating activities 78
Slide 20: Net debt and leverage Q2 2025
20 Net debt and leverage Q2 2025 • Increased equity ratio 52% (47) • Net debt 612 MSEK (767) • Net debt IFRS16 impact MSEK 79 (78) • Net Debt/EBITDA at 1.5 (2.3) incl Earn Out, MSEK 24 (196) • Net Det ratio excluding IFRS16 1.3 (2.0)
Slide 21: Development Net debt and leverage
21 Development Net debt and leverage • Net debt and leverage sustainable trend • Net Debt ratio YTD Q2 2025 1.5 (2.3)
Slide 22: Outlook and summary
22 Outlook and summary •Solid organic growth of 5% in Q2 •EBITA of SEK 83 million, representing a margin of 14,6% – strong quarterly margin, YTD EBITA 15,2% •Strong performance across the portfolio – Several branded companies, notably Roper Rhodes, Thebalux, and Macro Design, reported growth and imp
Slide 23: Questions
23 Questions • We will now answer questions live and previously sent to ir@svedbergsgroup.com • To participate, please follow the link in the press release from 9 July, which you find on www.svedberggroup.se under Press.
Slide 24: Thank you!
24 Thank you! Upcoming events Financial calendar 2025 Per-Arne Andersson, CEO Q3 - 29 October Ann-Sofie Davidsson, CFO 2026 Q4 – 4 February Q1 – 23 April AGM – 28 April Q2 – 15 July Q3 – 22 October
Slide 25: Q&A
Q&A Per-Arne Andersson CEO Ann-Sofie Davidsson CFO