Embellence Group Ab · OMXSTO:EMBELL
Embellence Group Ab — Q4 2025 Earnings Presentation
13 slides from Embellence Group Ab's earnings presentation, Feb 17, 2026
Slide 1: Embellence Group
embelleace GROUP
Slide 2: Today's presenters
Boråstapeter: Dahlia Garden Grand Today’s presenters Johan Andgren Karin Lidén CEO CFO 2 2
Slide 3: Stable quarter with continued strategic investments
Wall&decò: Niveum Q4 2025 Stable quarter with continued strategic investments Net sales, MSEK EBITA, MSEK EBITA Margin 195 (202) 26 (28) 13.2% (13.9) • +1% organic sales growth, -4% from Exchange rates, total sales growth of -3% • Gross Margin improves to 61.8% (60.7), driven by mix effects, pricing
Slide 4: Sales highlights
Cole & Son: Soli Q4 2025 Sales highlights • Boråstapeter growth of +9% with improved DtC offer with broadened Print on Demand offer. Fourth consecutive quarter with growth. • Cole&Son -16% and Wall&decò -15%. Both are still facing tough retail situation in key home markets Uk and Italy respectively.
Slide 5: Sales details
2025 Sales details • Boråstapeter: Growth in all quarters, with contributions from most markets and strongest development internationally. Oct- Oct- FY Dec. Dec. FY • Cole & Son: Decrease in sales mainly due to FX MSEK 2025 2024 ∆ 2025 2024 ∆ effects and soft demand in the UK market. BRANDS 166 178
Slide 6: Good progress on our strategic focus areas
FY 2025 Good progress on our strategic focus areas Accelerate Direct to Continue to expand Increase presence in the Consumer sales internationally Hospitality channel • DtC growth of 15% (18% • Growth for all of our major export • Enhanced focus leads to growth currency adjusted) markets, US include
Slide 7: Q4 launches focused on broadened offer within digital print-on-demand portfolio
Alvar Aalto Marie Mattson Björkdimma • 2025Q4 launches focused on broadened offer within digital print-on demand portfolio • Co-op designs with broad appeal launched in the quarter: • Iconic Finnish designer Alvar Sweet Pea Aalto x Boråstapeter • Swedish curtain atelier Gotain x Boråstapeter with wa
Slide 8: Broadened offer within reversible styles, woven in the Leksand factory
SS26 TOM • Broadened offer within reversible styles, woven in the Leksand factory Sweden. Positive reception of SS2026 styles ANYA, TOM and LEA • More focus on international SS26 LEA trade with participation at new fairs where we have not exposed in past years, like Maison Objet in Paris, in January
Slide 9: 2025 FY: Stable full year performance with continued strategic investments
Boråstapeter: Ellen 2025 FULL YEAR 2025 FY: Stable full year performance with continued strategic investments Net sales, MSEK EBITA, MSEK EBITA Margin 765 (778) 108 (112) 14.1% (14.4) • +1% organic sales growth, -2% from Exchange rates, total sales growth of -1% • Gross margin improved 1.7 p.p. to 6
Slide 10: Continued negative exchange rate effect
2025 FULL YEAR Continued negative exchange rate effect 14.0 13.5 • The negative impact from the 13.0 strengthened SEK increased in Q4 12.5 and will continue to impact GBP 12.0 negatively with current exchange 11.5 rates trends 11.0 10.5 EUR 2025 net sales split by currency 10.0 Others 9.5 USD 2% USD
Slide 11: Operating cash flow and net debt
Artscape: Heritage Q4 2025 FINANCIALS Operating cash flow and net debt Operating Cash Flow (MSEK) & Net Debt/EBITDA 2.5 • Operating Cash flow for Q4 at 42 125 2,5 MSEK (39), driven by lower working 100 2.0 2,0 capital. • Leverage (Net Debt/EBITDA) 75 1.5 1,5 reduced to 0.5x (0.7) 50 1.0 1,0 • Board
Slide 12: Summary & Looking ahead
Summary & Looking ahead Boråstapeter: Kultmarken Q4 2025: Stable quarter with continued strategic investments • Comparison figures affected by large positive one-off effects from Artscape in Q4 2024 • Strong SEK causes negative impact from currency, FX adjusted organic growth of 1% • Investments in
Slide 13: Q&A
Q&A embelleace GROUP