Hexatronic Group Ab · OMXSTO:HTRO
Hexatronic Group Ab — Q3 2025 Earnings Presentation
24 slides from Hexatronic Group Ab's earnings presentation, Oct 24, 2025
Slide 1: Q3 2025 Earnings call presentation
Q3 2025 Earnings call presentation October 24, 2025
Slide 2: Hexatronic is a global Group with diversified exposure and multiple growth avenues
Q3 2025 Presentation Hexatronic is a global Group with diversified exposure and multiple growth avenues We provide complete connectivity solutions whether you connect homes, antennas, ROVs, or data centers North Revenue around SEK 7.5 bn America 18 production facilities, in 9 countries 35% Europe Ap
Slide 3: Q3 2025 Key highlights – Overall results in line with expectation
Q3 2025 Presentation Q3 2025 Key highlights – Overall results in line with expectation • Sales of SEK 1.9bn, with +2% organic growth Sales, SEK m • Adjusted EBITA at SEK 146 million, corresponding to 7.7% adjusted EBITA margin 1,883 • Strategic shift continues, with Data Center and Harsh Environment
Slide 4: Q3 2025 Events
Q3 2025 Presentation Q3 2025 Events • Fiber Solutions performance improvement program launched. The first step – consolidating our footprint - is progressing well with full run rate impact by end of Q1 2026 • Financial targets by business area introduced at investor update in September • Global roll
Slide 5: Financial targets by Business Area
Q3 2025 Presentation Financial targets by Business Area Fiber solutions Engineered Essential services for connected solutions for and solutions for societies challenging data centers conditions Level of High in niches like submarine cable, High High Differentiation lower in pipes and ducts Capex Low
Slide 6: Diversification continues, with Data Center and Harsh Environment accounting for over 50% of EBITA
Q3 2025 Presentation Diversification continues, with Data Center and Harsh Environment accounting for over 50% of EBITA Fiber solutions Engineered Essential services for connected solutions for and solutions for societies challenging data centers conditions 65% 17% 18% of Group sales of Group sales
Slide 7: Fiber Solutions
Q3 2025 Presentation Business Area Fiber Solutions Sales, SEK m • Continuation of demand softness in the FTTH market, -14% primarily for microduct 1 457 1 430 1 255 1 299 1 234 1 230 1 236 • Net Sales -14% of which -7% was organic. Sequentially sales were flat versus Q2. • North America was -26% dow
Slide 8: Fiber Solutions shortfall driven by FTTH shift to home connections
Q3 2025 Presentation Fiber Solutions shortfall driven by FTTH shift to home connections Homes passed build-out slowing, shift Microducts towards connecting customers Conduit Volume positive, pricing negative (YoY) Transport networks growing on the Fiber Cable* back of data center build-out Tools & E
Slide 9: Harsh Environment
Q3 2025 Presentation Business Area Harsh Environment Sales, SEK m +8% • Sales grew 8%, reaching SEK 314 m in Q3, with 331 organic growth of 15% 319 291 296 314 273 286 • EBITA margin at 11.1%, in line with expectation • Efficiency measures are underway in Rochester Cables in the US – continued impro
Slide 10: Data Center
Q3 2025 Presentation Business Area Data Center Sales, SEK m +43% • Q3 was another record quarter 362 344 334 • Sales grew 43% to SEK 334 m driven by a strong development in our service offering in NAM and 256 250 233 233 Europe • Organic growth of 39% in Q3 • EBITA margin increased to 16.9% compared
Slide 11: Revenue generated across several customer segments with a large customer base
Sales breakdown Revenue generated across several customer segments with a large customer base* Products & services Customer segment Customer breakdown breakdown concentration Top 10 ICT Services Connectivity Hyperscale Colo / Cloud Containment LAN Enterprise Other Services account Cloud segment acco
Slide 12: Financial Summary
Q3 2025 Presentation Financial Summary
Slide 13: Financial summary Q3 2025 Hexatronic Group
Q3 2025 Presentation Financial summary Q3 2025 Hexatronic Group 2025 2024 2025 2024 24/25 2024 SEK m Q3 Q3 ∆% Jan-Sep Jan-Sep ∆% R12 Full year Net sales decrease of -3% compared to last year Net Sales 1883 1951 -3% 5 671 5 757 -1% 7 495 7 581 • Organic sales increase of 2% Adjusted Gross margin % 37
Slide 14: Performance improvement program according to plan
Performance improvement program according to plan 1. Consolidating footprint • Closure of Weterings plant in the Netherlands, to • Full run rate impact of performance improvement program step 1 end Q1 2026 with target of cost saving of SEK 110m EBITA effect consolidate volumes to modern facilities i
Slide 15: Fiber Solutions
Q3 2025 Presentation Business area Fiber Solutions Sales by geography in Q3 2025 2025 2024 2025 2024 24/25 2024 SEK m Q3 Q3 ∆% Jan-Sep Jan-Sep ∆% R12 Full-year Net sales 1 236 1 430 -14% 3 700 4 143 -11% 4 999 5 441 Adjusted EBITA 66 180 -63% 249 452 -45% 384 587 North America, 32% Adjusted EBITA %
Slide 16: Harsh Environment
Q3 2025 Presentation Business area Harsh Environment Sales by geography in Q3 2025 2025 2024 2025 2024 24/25 2024 SEK m Q3 Q3 ∆% Jan-Sep Jan-Sep ∆% R12 Full-year Net sales 314 291 8% 931 882 6% 1 227 1 178 North America, 46% Adjusted EBITA 35 34 3% 104 98 6% 127 121 Europe, 47% Adjusted EBITA % 11,1
Slide 17: Data Center
Q3 2025 Presentation Business area Data Center Sales by geography in Q3 2025 2025 2024 2025 2024 24/25 2024 SEK m Q3 Q3 ∆% Jan-Sep Jan-Sep ∆% R12 Full-year Net sales 334 233 43% 1 040 739 41% 1 273 972 Adjusted EBITA 56 34 65% 196 125 57% 225 154 North America, 35% Adjusted EBITA % 16,9% 14,6% 18,8%
Slide 18: Strong cash conversion of 117% in the quarter
Q3 2025 Presentation Strong cash conversion of 117% in the quarter Investments mainly related to Cash equivalent bridge Strong cash conversion maintenance SEKm Operating cash flow after WC changes (SEKm), % of Capex investments (SEKm), % of net sales Cash flow from operating activities before change
Slide 19: Continued solid financial position
Q3 2025 Presentation Continued solid financial position Interest-bearing net debt decreased by SEK 96m compared to the previous quarter, stable leverage sequentially Continued solid financial position Net debt / adjusterad EBITDA pro forma excl IFRS 16, R12* Net debt as of Q3 2025 (SEKm) 3 000 1,7 1
Slide 20: Summary
Q3 2025 Presentation Summary
Slide 21: Q3 2025 - Summary
Q3 2025 Presentation Q3 2025 - Summary • Organic sales growth of 2% to SEK 1.9bn • Adjusted EBITA of SEK 146 million, corresponding to 7.7% margin • Fiber Solutions performance improvement program in full swing with one-time costs (adj) of SEK 202 million • Data Center +43% sales growth and 16.9% ad
Slide 22: Outlook
Q3 2025 Presentation Outlook • Seasonality − Expecting the normal pattern with lower activity in Q4 and Q1 for Fiber solutions. Data center typically lower in H2 compared to H1 • Fiber Solutions − Stable market situation expected through Q4 − Performance improvement program continues to ramp up as p
Slide 23: Q&A
Q&A
Slide 24: KASAAGSAS
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