Slide 1: Fast forward in a slow market
Q2 – 2025 Fast forward in a slow market Margin expansion, Leden integration and strategic defense acquisition Audiocast, July 22, 2025 Erik Stenfors, CEO Lars Åkerblom, CFO 1
Slide 2: Agenda
Agenda Progress report Sustainability and Financial development Conclusions and Outlook Q&A 22 HANZA Q2 2025
Slide 3: The Leden acquisition
Leden unit The Leden acquisition HANZA unit In March, HANZA completed the acquisition of Leden Group Oy Contract manufacturer in mechanics, approx. 600 new colleagues, Jukka Haapalainen, 4 production facilities in Finland and 1 in Estonia. President Cluster Finland (former CEO Leden) Strengthening c
Slide 4: The LYNX program
The LYNX program The LYNX program Started in March 2025… HANZA's response to a changing security situation A new security situation in Europe is creating significantly increased in Europe. Focus on the demand for advanced defense-related products. defense industry HANZA is perfectly positioned with
Slide 5: Milectria joins HANZA
Finland ~ 700 HC Sweden ~700 HC Baltics Milectria joins HANZA ~ 1,100 HC Germany Central Europe Milectria brings one manufacturing unit in ~ 300 HC ~ 600 HC Finland, two in Estonia and one unit in UAE (Abu Dhabi, for offset agreement) Total of about 3,500 colleagues China Annual sales approx. 300 MS
Slide 6: Sustainability, main activities in Q2
Sustainability, main activities in Q2 Energy use (MWh/MSEK) Hazardous waste (ton/MSEK) Leden is included in sustainability reporting as of Q2 2025 2023 2023 2024 0.25 2024 11.6 0.21 0.23 We have globally reviewed and updated our 2025 Jan-Jun 10.15 8.3 2025 Jan-Jun double materiality analysis (DMA) f
Slide 7: Q2 Financials: Sales and Earnings
Q2 Financials Sales (MSEK) 1600 Sales 1400 1200 Net sales increased 24%, and reached a record of 1,516 MSEK, driven 1000 by the acquisition of Leden and organic growth of 3%. 800 600 Pro forma sales HY1, including Leden for the full period, amounts to 400 3,051 MSEK. 200 Several customers indicates
Slide 8: Q2 Financials: Cash flow and financial position
Cash flow development, MSEK Q2 Financials 300 250 200 Cash flow 150 Strong operating cash flow amounted to 163 MSEK (135), driven by increased profit and reduction of working capital. 100 Cash flow peaked in Q4 2024 following the previous acquisition (see 50 graph). Leden is also expected to contrib
Slide 9: Q2 Financials: Main markets and Other markets
Q2 Financials Segment Main markets Net sales up 27% to 917 MSEK (723) Sales up 6% adjusted for acquisitions and currency. Adjusted operating profit totaled 70 MSEK (52), corresponding to an operating margin of 7.6% (7.2) EBITA EBITA and for comparable units were 8,9%. 80 12% 60 9% Delivery challenge
Slide 10: Ownership & Share
Ownership & Share Main owners as of July 21 2025 % Färna Invest AB 21.75 Francesco Franzé 8.30 Some shareholding updates Number of shares increased in March by Första AP-fonden 4.88 2,3 M to 46.0 M Ritter Beteiligungs Gmbh 4.58 Dividend 0.80 SEK (1.20) paid in Q2 corresponding to 37 MSEK ODIN Fonder
Slide 11: The Milectria acquisition
The Milectria acquisition Acquisition of 100% the shares in the contractual The purchase price may increase by a maximum of manufacturing part of Milectria, including the real estates. 18 MEUR, based on revenue growth during the period 2025–2027. The maximum additional purchase price is The purchase
Slide 12: Summary and Outlook
Summary and Outlook Fast development Looking ahead: Work on HANZA 2028 during a slow economy Demand is picking up in its final phase In addition to the major Signs that the economic Close dialogue with customers projects, many other activities downturn that began in early on the optimal development
Slide 13: Q&A
Q&A 13 13 HANZA Q2 2025
Slide 14: www.hanza.com
www.hanza.com 14 14 HANZA Q2 2025
Slide 15: Disclaimer
Disclaimer This presentation and the information contained herein are being presented by HANZA Holding AB (publ) (the “Company”). By attending a meeting where this presentation is presented, or by reading this presentation, you agree to be bound by the following limitations and notifications. This pr