Investment Ab Latour Class B · OMXSTO:LATO_B
Investment Ab Latour Class B — Q4 2025 Earnings Presentation
23 slides from Investment Ab Latour Class B's earnings presentation, Feb 11, 2026
Slide 1: Year-end report 2025
Year-end report 2025
Slide 2: Agenda
Agenda Latour Group key highlights Investment portfolio Wholly-owned operations Q &A Deep dive: Latour Industries Johan Hjertonsson, President and CEO Mikael J Albrektsson, CFO Tina Hultquist, CEO Latour Industries (deep-dive: Latour Industries) 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 and increasing profitability in the quarter OPERATIONS PORTFOLIO Bemsiq Group Alimak Group Caljan ASSA ABLOY Acquisitions and investments Hultafors Group CTEK On
Slide 5: Net asset value SEK 216 per share by the end of December
Net asset value SEK 216 per share by the end of December Development during the year Investment Portfolio Wholly-owned Operations Part-owned Operations (adjusted for dividend) 8884 65 0.3 2,4 per cent Less net debt, etc. 137.7 -0.7 +3.6 -2.6 137.9 -2.9 140.9 -15 Latour’s net asset value 138 SEK per
Slide 6: Proposed dividend increase
Proposed dividend increase 6,00 100% 5.10** 5,00 4.60 4.10 4,00 3.70 of received dividends from 3.30 3.00 Investment Portfolio 3,00 1.25* 2.50 2.25 40-60% 2.00 2,00 1,00 of net profit from wholly- owned operations 0,00 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 * Original proposed dividend 2.
Slide 7: Investment portfolio
ries pt LATOUR Investment portfolio
Slide 8: Total return for the listed portfolio 2025
Total return for the listed portfolio 2025 The total return including share price growth and dividend, for each investment company compared with the SIXRX benchmark index. Page 8
Slide 9: 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 10: Total return for the investment portfolio 2010 - 2025
Total return for the investment portfolio 2010 - 2025 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 -100% Page 10
Slide 11: Wholly-owned operations
ries pt LATOUR Wholly-owned operations
Slide 12: Long-term financial development, trailing 12-months performance
Long-term financial development, trailing 12-months performance M SEK 40 000 4000 36 000 3600 32 000 3200 28 000 2800 24 000 2400 20 000 2000 16 000 1600 12 000 1200 8 000 800 4 000 400 0 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Slide 13: Acquisitions during 2025
Acquisitions during 2025 Total annual contribution SEK 1.8 billion Page 13
Slide 14: Good growth despite a challenging market
Good growth despite a challenging market Net sales and adjusted operating profit SEK M Q4 2025 Q4 2024 2 500 500 513 471 2 000 400 Net sales 1 500 300 Adjusted operating profit* 94 86 1 000 200 500 100 Operating margin %* 18.4 18.2 0 0 2021 2022 2023 2024 2025 * EBIT adj. (excl. IFRS 16) Net sales A
Slide 15: Strong performance and profitability
Strong performance and profitability Net sales and adjusted operating profit SEK M Q4 2025 Q4 2024 2 500 500 456 356 2 000 400 Net sales 1 500 300 Adjusted operating profit* 109 45 1 000 200 500 100 Operating margin %* 23.9 12.6 0 0 2021 2022 2023 2024 2025 * EBIT adj. (excl. IFRS 16) Net sales Adju
Slide 16: Challenging market conditions
Challenging market conditions Net sales and adjusted operating profit SEK M Q4 2025 Q4 2024 10 000 1 500 1,793 1,893 8 000 1 200 Net sales 6 000 900 Adjusted operating profit* 301 355 4 000 600 2 000 300 Operating margin %* 16.8 18.7 0 0 2021 2022 2023 2024 2025 * EBIT adj. (excl. IFRS 16) Net sales
Slide 17: Good growth, both acquired and organically
Good growth, both acquired and organically Net sales and adjusted operating profit SEK M Q4 2025 Q4 2024 4 000 600 Net sales 955 696 3 000 450 Adjusted operating profit* 132 83 2 000 300 1 000 150 Operating margin %* 13.8 11.9 0 0 2021 2022 2023 2024 2025 * EBIT adj. (excl. IFRS 16) Net sales Adjust
Slide 18: Building the basis for future business areas
Building the basis for future business areas Net sales and adjusted operating profit SEK M Q4 2025 Q4 2024 3 000 450 463 479 360 Net sales 2 250 270 Adjusted operating profit* 30 47 1 500 180 750 90 Operating margin %* 6.4 9.9 0 0 2021 2022 2023 2024 2025 * EBIT adj. (excl. IFRS 16) Net sales Adjust
Slide 19: Strong performance with organic growth
Strong performance with organic growth Net sales and adjusted operating profit 3 000 600 SEK M Q4 2025 Q4 2024 2 500 500 Net sales 545 514 2 000 400 Adjusted operating 1 500 300 profit* 139 138 1 000 200 25.5 26.9 500 100 Operating margin %* 0 0 2021 2022 2023 2024 2025 * EBIT adj. (excl. IFRS 16) N
Slide 20: Organic growth and improved margins
Organic growth and improved margins Net sales and adjusted operating profit SEK M Q4 2025 Q4 2024 12 000 1 200 10 000 Net sales 2,695 2,610 900 8 000 Adjusted operating profit* 307 266 6 000 600 4 000 300 Operating margin %* 11.4 10.2 2 000 0 0 2021 2022 2023 2024 2025 * EBIT adj. (excl. IFRS 16) Ne
Slide 21: Financial targets
Financial targets Minimum December 2025 requirement trailing 12 months Annual growth (minimum for all operations) >10% 9% Operating margin (average for all operations) >15% 14% Return on operating capital (minimum for all operations) >15% 14% Page 21
Slide 22: A long-term perspective
A long-term perspective 0–5 5-10 years years Our core values >70% of the value 5-10 years Long-term perspective comes from holdings Businessmanship 10-20 years > 20 > 20 years years owned >20 years Trust & Accountability 10-20 years Development Page 22
Slide 23: Q&A
a p LATOUR Q8A