Framery Group Oyj · OMXHEX:FRAMERY
Framery Group Oyj — Q3 2026 Earnings Presentation
18 slides from Framery Group Oyj's earnings presentation, Nov 2, 2026
Slide 1: Profitable growth continued, driven by North America
Profitable growth continued, driven by North America Samu Hällfors, CEO | Lauri Isotalo, CFO Framery Group Plc | 2 November 2026 Interim report | January−September 2026
Slide 2: Disclaimer
Disclaimer This material contains, or may be deemed to materially different from those expressed or Framery Group Plc assumes no obligation to contain, “forward - looking statements”. These implied by any forward - looking statements. By update or revise any forward - looking statements relate to fu
Slide 3: Welcome: Agenda for today
Welcome Agenda for today Samu Hällfors Lauri Isotalo CEO CFO Highlights of business Financial performance and strategy
Slide 4: Strong profitability development and underlying revenue growth continued
Strong profitability development and underlying revenue growth continued Q3 2026 January - September 2026 Revenue Adjusted EBIT Revenue Adjusted EBIT 53M€ 13M€ 163M€ 39 M€ 24% of revenue 24% of revenue (Q3 2025: 52 M€, + 2.3%) (YTD 2025: 164M€, - 0.5%) (Q3 2025: 12M€, (YTD 2025: 39M€, Underlying rev
Slide 5: North America continued to drive growth in Q3
MARKET DEVELOPMENT North America HQ, factory North America continued to drive factory Finland, Tampere growth in Q3 APAC logistic hub Key actions: • AMER: U.S. assembly has begun delivering the new local Gradus line, with 200+ units ordered for dealer showrooms. Broadscale salesforce expansion in 20
Slide 6: Determined progress on our strategic initiatives to secure future growth
GROWTH STRATEGY Determined progress on our strategic initiatives to secure future growth MAIN THEME STRATEGIC PROJECTS 1. Best smart pods and Further strengthen our leading product - market - fit in all key regions smart office solutions 2. Drive the adoption of the smart office solution to scale th
Slide 7: Strategy highlight: Successful ramp-up in the fast-growing North American market
GROWTH STRATEGY Strategy highlight: Successful ramp-up in the fast-growing North American market We are driving North American mass adoption and accelerating growth through proactive positioning: Supply chain is ready: • Local assembly facility in Michigan began operations on schedule in Q3 Demand g
Slide 8: Market environment
MARKET ENVIRONMENT Market environment Despite current market volatility, Framery retains a highly favorable medium - and long - term trajectory, underpinned by steadfast core demand and growth drivers. Although regional headwinds persist across EMEA and APAC due to macroeconomic softness and geopoli
Slide 9: Prioritize strategic growth investments while ensuring attractive shareholder return
CAPITAL ALLOCATION We will continue to prioritize strategic growth investments while ensuring a steady and attractive return for our shareholders 1. GROWTH INVESTMENTS North - America assembly facility New Framery Gradus product line New One Work smart workstation pod 2. CONSISTENT, GROWING BASE DIV
Slide 10: Financial performance
Financial performance
Slide 11: Underlying revenue growth and strong profitability in Q3
Underlying revenue growth and strong profitability in Q3 • Q3 revenue was EUR 53.4m , up 2.3% (up 1.5% at comparable exchange rates). Excluding the largest single end - customer, growth was +11.6% y - o- y. • The Americas led growth: +32% reported and +63% excluding the largest customer. EMEA was –9
Slide 12: Revenue and adjusted EBIT development Q3 2025 to Q3 2026
Revenue and adjusted EBIT development Q3 2025 to Q3 2026
Slide 13: Revenue and adjusted EBIT development YTD 2025 to YTD 2026
Revenue and adjusted EBIT development YTD 2025 to YTD 2026
Slide 14: Solid cash flow and robust cash conversion despite quarterly fluctuations
Solid cash flow and robust cash conversion despite typical quarterly fluctuations • Q3 operating free cash flow was EUR 10.8m (18.5m) and cash conversion 75.4% (138.2%). • The difference comes from working capital: EUR 2.4m was tied up in Q3, while EUR 6.1m was released in Q3 2025. • YTD operating f
Slide 15: ROCE at a high level with continued strong profitability
ROCE at a high level with continued strong profitability • LTM ROCE was 106.9% (129.6%), improving each quarter from 100.7% (Q1) and 104.2% (Q2). • Capital employed rose to EUR 47.3m (41.1m) because of normal fluctuation in the average working capital and increase in fixed assets. The fixed - asset
Slide 16: Low leverage and strong financial position
Low leverage and strong financial position • Net debt to LTM adjusted EBITDA was 1.1x (1.5x), well below the <2.0x target. • Net debt fell to EUR 62.2m (90.0m; EUR 66.9m at year - end 2025), helped by the roughly EUR 20m IPO share issue and strong operating cash flow. • Liquidity: EUR 23.0m cash, pl
Slide 17: Framery's mid- and long-term financial targets
Framery’s mid- and long-term financial targets GROWTH PROFITABILITY LEVERAGE DIVIDENDS >10% 25% <2.0x 70 –90% Average annual organic Adjusted EBIT margin in Net debt/adjusted Part of the distribution revenue growth from 2025 the mid - term EBITDA may be executed through baseline Share buybacks
Slide 18: Q&A
Q&A