Lagercrantz Group Ab Class B · OMXSTO:LAGR_B
Lagercrantz Group Ab Class B — Q2 2026/27 Earnings Presentation
27 slides from Lagercrantz Group Ab Class B's earnings presentation, Oct 23, 2026
Slide 1: Interim Report Q2 2026/27
Interim Report Q2 2026/27 July – September 2026 (3 months) October 23, 2026 Jörgen Wigh, CEO Karin Mellegård Djärf, CFO
Slide 2: Tech Group with leading positions in expansive niches
Introduction to Lagercrantz Group Tech Group with leading positions in expansive niches Lagercrantz Group Electrify Control TecSec Niche Products International 17 companies 18 companies 15 companies 21 companies 16 companies 11 countries 9 countries 10 countries 10 countries 8 countries ◼ B2B Tech G
Slide 3: Revenues and profits
Interim Report Q2 2026/27 Revenues and profits Rolling 12 months, quarterly data 18 000 1 800 17 000 1 700 16 000 1 600 Profits after financial items, MSEK 15 000 1 500 14 000 Towards 1 400 2 Billion! 13 000 1 300 12 000 1 200 Organic growth & 11 000 1 100 more acquisitions 10 000 1 000 9 000 900 8
Slide 4: Q2 - Business conditions
Interim Report Q2 2026/27 Q2 - Business conditions ◼ The market conditions remained positive during Q2 ◼ Businesses exposed to electrification, infrastructure, security and defence delivered particularly strong growth, while demand in the construction sector remained sluggish. ◼ Customer activity an
Slide 5: Q2 2026/27
Interim Report Q2 2026/27 Q2 2026/27 July – September 2026 ◼ Revenues up 22% to MSEK 2,990 (2,457). ◼ Acquisitions +9%, organic growth +12%, currency +1%. ◼ EBITA up 21% to MSEK 531 (440). ◼ EBITA-margin at 17.8% (17.9). ◼ Profit after financial items up 24% to MSEK 425 (343). ◼ Cashflow from operat
Slide 6: 6M 2026/27
Interim Report Q2 2026/27 6M 2026/27 April – September 2026 ◼ Revenues increased by 20% to MSEK 5,897 (4,930). ◼ Acquisitions +11%, organic growth +9%, currency 0%. ◼ EBITA increased 18% to MSEK 1,029 (872). ◼ EBITA-margin at 17.4% (17.7). ◼ Profit after financial items increased by 21% to MSEK 830
Slide 7: Electrify
Comments by division Electrify Interim Report Q2 2026/27 ◼ Revenues +22% to MSEK 758 (622), of which acquisitions +4%, organically +18% and FX 0%. ◼ EBITA +19% to MSEK 157 (132) i.e., an EBITA-margin Elpress of 20.7% (21.2). ◼ Favourable market conditions drove strong organic growth. ◼ Broad-based g
Slide 8: Control
Comments by division Control Interim Report Q2 2026/27 ◼ Revenues +29% to MSEK 410 (317), of which acquisitions +12%, organically +16% and FX 1%. ◼ EBITA MSEK 53 (48) i.e. an EBITA-margin of 12.9% (15.1). Earnings were affected by non-recurring restructuring costs CP Cases and acquisition-related ex
Slide 9: TecSec
Comments by division TecSec Interim Report Q2 2026/27 ◼ Revenues +37% to MSEK 672 (492) of which acquisitions +23%, organically +13% and FX 1%. CW Lundbergs ◼ EBITA +32% to MSEK 90 (68) i.e., an EBITA-margin of 13.4% (13.8). ◼ Several of the division’s security businesses, including Idesco and ISG N
Slide 10: Niche Products
Comments by division Niche Products Interim Report Q2 2026/27 ◼ Revenues +19% to MSEK 618 (520) of which acquisitions +11%, organically +7% and FX 1%. ◼ EBITA +43% to MSEK 146 (102) i.e., an EBITA-margin of 23.6% (19.6). Tormek ◼ A strong second quarter with solid growth both organically and through
Slide 11: International
Comments by division International Interim Report Q2 2026/27 ◼ Revenues +5% to MSEK 532 (506), of which acquisitions 0%, organically +5% and FX 0%. ◼ EBITA MSEK 92 (97) i.e., an EBITA-margin of 17.3% (19.2). ◼ Stable overall market conditions supported solid growth across Libra the division. ◼ Impro
Slide 12: Outcome by division
Interim Report Q2 2026/27 Outcome by division 12
Slide 13: Vision and financial goals
Vision and financial goals Sustainable supplier of value- adding technologies with market-leading positions in several expansive niches. ❖ Annual profit (EBT) growth >15% At least 1/3 organically and the rest through 8-12 acquisitions per year. ❖ Return on equity (ROE) > 25%. 13
Slide 14: Building divisions
Building 5 divisions Electrify Control TecSec Niche Products International 17 companies 18 companies 15 companies 21 companies 16 companies 11 countries 9 countries 10 countries 10 countries 8 countries B2B product Niche companies Focus Electrification and Measurement and Security and companies, bui
Slide 15: Financial targets
Financial targets Updated Jan 2026 ◼ Reiterating ◼ Profit growth target of >15%/year ◼ EBT SEK 2 billion within 5 years, communicated in Oct 2023. ◼ EBITA%-target of 20% in 2-3 years. ◼ P/WC >60% (previously >45%) ◼ Target for existing and acquired businesses. ◼ Reiterating ROE target of >25%. www.l
Slide 16: Revenues grew 22% in Q2, highest organic growth since 2021/22
Revenues grew 22% in Q2, i.e. the highest organic growth since 2021/22 Revenue growth by source, Group, % vs. same quarter prior year Organic growth M&A FX Total growth 50% 41% 39% 38% 40% 33% 31% 30% 29% 30% 28% 22% 23% 20% 20% 18% 16% 16% 16% 13% 13% 10% 10% 12% 10% 6% 6% 0% -10% Q1 Q2 Q3 Q4 Q1 Q2
Slide 17: Acquisitions
Lagercrantz towards Two billion Acquisitions >95 acquisitions since 2006, including: 2020 as Group (Niche Products) 2023. Sassenus Packaging (Asept Group, Niche Products) ◼ Actively buying and building leading Glova Rail (International) Supply Plus (International) B2B Tech companies in expansive Fir
Slide 18: bf1systems
bf1systems ◼ bf1systems, a leading supplier of high- performance measurement sensors for pressure, temperature, force, position and speed. ◼ Sales are predominantly generated from the motorsport sector, with a growing presence in the defence, industrial, and marine markets. ◼ bf1 is based in Diss an
Slide 19: MSSL - Michael Smith Switchgear
MSSL - Michael Smith Switchgear ◼ MSSL is a UK-based designer and manufacturer of bespoke low-voltage switchgear and electrical distribution assemblies, headquartered in Leicester. ◼ The company operates in a niche, engineering-intensive segment with a strong position in customized solutions based o
Slide 20: Hycon
Hycon ◼ Hycon is a leading supplier of high-performance hydraulic tools and power packs for cutting, drilling, and pumping in harsh environments. ◼ Hycon is based in Støvring, Denmark, and serves customers in over 80 countries through a network of distributors. ◼ Acquisition of 95% of the shares, MD
Slide 21: Nivex Topsafe
Nivex Topsafe ◼ Nivex Topsafe is a leading manufacturer and distributor of safe storage products such as security cabinets, fire cabinets and safe rooms to private and public customers. ◼ The company has a strong market position in Sweden and adds to the division’s current operations (Profsafe) with
Slide 22: Stalon
Stalon ◼ Stalon is a manufacturer of silencers for hunting firearms. ◼ The company sells its products through distributors to specialized retailers and operates in approximately 20 countries, with Sweden and Germany as its largest markets. ◼ Annual revenue amounts to approximately SEK 36 million, wi
Slide 23: Marsden
Marsden ◼ With 100 years of expertise, Marsden is a trusted and innovative provider of weighing equipment and related services. ◼ Customers include hospitals, community healthcare teams, GP practices and care homes as well as industrial customers and veterinary practices. ◼ Annual revenues of approx
Slide 24: Financial overview
Interim Report Q2 2026/27 Financial overview MSEK 26/27 16/17 17/18 18/19 19/20 20/21 21/22 22/23 23/24 24/25 25/26 RTM Q2 Revenues 3,096 3,410 3,932 4,180 4,091 5,482 7,246 8,129 9,389 10,609 11,576 EBITA 409 436 519 565 616 895 1,205 1,431 1,646 1,923 2,080 EBITA,% 13.2% 12.8% 13.2% 13.5% 15.1% 16
Slide 25: Lagercrantz Group - Buying & Building Niche Businesses
Lagercrantz Group Buying & Building Niche Businesses www.lagercrantz.com
Slide 26: Board of Directors and Group Management
Appendix Board of Directors Group Mgmt Jörgen Wigh Jonas Ahlberg President & CEO EVP & Head of M&A Fredrik Börjesson Anna Almlöf Chairman Karin Mellegård Djärf CFO Malin Nordesjö Anna Marsell Division Mgmt Daniel Andersson Andreas Heder Head of Electrify Head of Control Anders Claeson Jörgen Wigh Pr
Slide 27: The share and owners
The share and owners Owners 2026-09-30 Shares Votes • B-share listed on Nasdaq Anders Börjesson & Tisenhult-gruppen 5.6% 29.0% Stockholm, Large Cap Fidelity Investments (FMR) 10.1% 7.8% • Ticker: LAGR B Swedbank Robur Fonder 7.5% 5.2% SEB Investment Fonder 6.8% 4.8% Lannebo Asset Management 6.1% 4.3