Investment Ab Latour Class B · OMXSTO:LATO_B
Investment Ab Latour Class B — Q1 2026 Earnings Presentation
23 slides from Investment Ab Latour Class B's earnings presentation, Apr 30, 2026
Slide 1: Interim report January – March 2026
Interim report January – March 2026
Slide 2: Agenda
Agenda Latour Group key highlights Investment portfolio Wholly-owned operations Q &A Deep dive: Innovalift Johan Hjertonsson, President and CEO Mikael J Albrektsson, CFO Andrea Veggian, CEO Innovalift (deep-dive: Innovalift) Page 2
Slide 3: Latour Group key highlights
ries pt LATOUR Latour Group key highlights
Slide 4: Latour – a mixed investment company
Latour – a mixed investment company Financial performance in the wholly-owned industrial operations WHOLLY-OWNED INVESTMENT Organic growth with profitability in line with last year OPERATIONS PORTFOLIO Bemsiq Group Alimak Group Caljan ASSA ABLOY The ongoing tension in the Middle East Hultafors Group
Slide 5: Net asset value SEK 203 per share by the end of March
Net asset value SEK 203 per share by the end of March Development during the year Investment Portfolio Wholly-owned Operations Part-owned Operations 8084 65 0.3 -5.9 per cent Less net debt, etc. 137.9 -7.9 +0.1 -0.3 129.8 -15 Latour’s net asset value 130 SEK per share All amounts are in SEK billion
Slide 6: Investment portfolio
ries pt LATOUR Investment portfolio
Slide 7: Total return for the listed portfolio January – March 2026
Total return for the listed portfolio January – March 2026 The total return including share price growth and dividend, for each investment company compared with the SIXRX benchmark index. Page 7
Slide 8: Active principal owner in listed holdings
Active principal owner in listed holdings Net sales, m SEK if not stated otherwise Ebita , m SEK if not stated otherwise 8 000 1 600 200 000 30 000 1 500 150 10 000 1 000 5 000 1 000 1 250 125 8 000 800 4 000 800 6 000 1 200 150 000 22 500 1 000 100 6 000 600 3 000 600 4 000 800 100 000 15 000 750 7
Slide 9: Total return for the investment portfolio 2010 – 2026 (Q1)
Total return for the investment portfolio 2010 – 2026 (Q1) 700% 600% Total return, Listed portfolio 500% 400% Total return, SIXRX 300% 200% 100% 0% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Q1 -100% Page 9
Slide 10: Wholly-owned operations
ries pt LATOUR Wholly-owned operations
Slide 11: Long-term financial development, trailing 12-months performance
Long-term financial development, trailing 12-months performance M SEK 40 000 4000 38 000 3800 36 000 3600 34 000 3400 32 000 3200 30 000 3000 28 000 2800 26 000 2600 24 000 2400 22 000 2200 20 000 2000 18 000 1800 16 000 1600 14 000 1400 12 000 1200 10 000 1000 8 000 800 6 000 600 4 000 400 2 000 20
Slide 12: Acquisitions during 2026
Acquisitions during 2026 Total annual contribution SEK 0.2 billion Page 12
Slide 13: Stable underlying performance
Stable underlying performance Net sales and adjusted operating profit SEK M Q1 2026 Q1 2025 2 500 500 550 554 2 000 400 Net sales 1 500 300 Adjusted operating profit* 121 120 1 000 200 500 100 Operating margin %* 22.0 21.7 0 0 2022 2023 2024 2025 TTM Q1 * EBIT adj. (excl. IFRS 16) Net sales Adjusted
Slide 14: Strong performance and profitability
Strong performance and profitability Net sales and adjusted operating profit SEK M Q1 2026 Q1 2025 2 500 500 380 291 2 000 400 Net sales 1 500 300 Adjusted operating profit* 63 37 1 000 200 500 100 Operating margin %* 16.5 12.7 0 0 2022 2023 2024 2025 TTM Q1 * EBIT adj. (excl. IFRS 16) Net sales Adj
Slide 15: Stable profitability despite lower volumes
Stable profitability despite lower volumes Net sales and adjusted operating profit SEK M Q1 2026 Q1 2025 10 000 1 500 1,680 1,731 8 000 1 200 Net sales 6 000 900 Adjusted operating profit* 250 257 4 000 600 2 000 300 Operating margin %* 14.9 14.9 0 0 2022 2023 2024 2025 TTM Q1 * EBIT adj. (excl. IFR
Slide 16: Volume decline mainly due to currency effects
Volume decline mainly due to currency effects Net sales and adjusted operating profit SEK M Q1 2026 Q1 2025 4 000 600 Net sales 782 802 3 000 450 Adjusted operating profit* 70 77 2 000 300 1 000 150 Operating margin %* 9.0 9.6 0 0 2022 2023 2024 2025 TTM Q1 * EBIT adj. (excl. IFRS 16) Net sales Adju
Slide 17: Building the basis for future business areas
Building the basis for future business areas Net sales and adjusted operating profit SEK M Q1 2026 Q1 2025 3 000 450 480 459 360 Net sales 2 250 270 Adjusted operating profit* 46 32 1 500 180 750 90 Operating margin %* 9.6 7.0 0 0 2022 2023 2024 2025 TTM Q1 * EBIT adj. (excl. IFRS 16) ** Figures adj
Slide 18: Record quarter and strong organic growth
Record quarter and strong organic growth Net sales and adjusted operating profit 3 000 600 SEK M Q1 2026 Q1 2025 2 500 500 Net sales 566 511 2 000 400 Adjusted operating 1 500 300 profit* 166 135 1 000 200 29.4 26.3 500 100 Operating margin %* 0 0 2022 2023 2024 2025 TTM Q1 * EBIT adj. (excl. IFRS 1
Slide 19: Continued market uncertainty
Continued market uncertainty Net sales and adjusted operating profit SEK M Q1 2026 Q1 2025 12 000 1 200 10 000 Net sales 2,302 2,483 900 8 000 Adjusted operating profit* 170 244 6 000 600 4 000 300 Operating margin %* 7.4 9.8 2 000 0 0 2022 2023 2024 2025 TTM Q1 * EBIT adj. (excl. IFRS 16) Net sales
Slide 20: Financial targets
Financial targets Minimum March 2026 requirement trailing 12 months Annual growth (minimum for all operations) >10% 5% Operating margin (average for all operations) >15% 14% Return on operating capital (minimum for all operations) >15% 14% Page 20
Slide 21: A long-term perspective
A long-term perspective Our core values >70% of the value Long-term perspective comes from holdings Businessmanship owned >20 years Trust & Accountability Development Page 21
Slide 22: Q&A
a p LATOUR Q8A
Slide 23: Deep-dive: Innovalift
ries pt LATOUR Deep-dive: Innovalift