Karnell Group Ab Class B · OMXSTO:KARNEL_B
Karnell Group Ab Class B — Karnell Group AB ser. B — Q4 2024 Earnings Presentation
13 slides from Karnell Group Ab Class B's earnings presentation, Feb 18, 2025
Slide 1: Year-End Report January – December 2024
YEAR-END REPORT JANUARY – DECEMBER 2024 Q4 18 FEBRUARY 2025
Slide 2: Today's agenda and presenters
Today’s agenda and presenters: Petter Moldenius 01. Introduction 02. Q4 2024 Lars Neret 03. New companies 04. Q&A 2
Slide 3: Karnell Group Q4 2024 – a quarter of solid performance
INTRODUCTION Q4 - 2024 NEW COMPANIES Karnell Group Q4 2024 – a quarter of solid performance (SEKm) Net Sales EBITA Operating cash flow Net debt / EBITDA* 403 (Q4 2023: 304) 50 (Q4 2023: 35) 86 (Q4 2023: 84) 0.9x (Q4 2023: 1.2x) *Net debt excl. leasing / EBITDA R12 excl. leasing Net Sales (SEKm) EBIT
Slide 4: Q4 concludes a transformative year: IPO, four acquisitions and organic growth
INTRODUCTION Q4 - 2024 NEW COMPANIES 2024 Q4: The fourth quarter marks the conclusion of a transformative year for Karnell, highlighted by a successful IPO, four strategic acquisitions and organic growth Net Sales and EBITA% development LTM (SEKm) Highlights during the year: 2,100 16 12.0% 12.6% 12.
Slide 5: Breakdown of quarterly performance in net sales and EBITA
INTRODUCTION Q4 - 2024 NEW COMPANIES Breakdown of quarterly performance in net sales and EBITA Net Sales (SEKm) EBITA (SEKm) +32% 403 +42% 3 50 77 -0 304 19 13 35 1 6% 25% 3% 3% 38% 1% Q4 2023 Organic growth Acquired Growth Currency effects Q4 2024 Q4 2023 Organic growth Acquired Growth Currency eff
Slide 6: Further breakdown of EBITA for the quarter
INTRODUCTION Q4 - 2024 NEW COMPANIES Further breakdown of EBITA for the quarter EBITA breakdown during Q4 (SEKm) Comments: 58 • Reported EBITA from subsidiaries amounted to SEKm 58 for Q4 2024 8 (43). 50 0 • Group costs of SEKm 8 (12). EBITA from Group costs Acquisition Reported subsidaries Cost 6
Slide 7: Product owning companies – continued Q4 growth
INTRODUCTION Q4 - 2024 NEW COMPANIES Product owning companies – Continued Q4 growth, driven by strong organic performance and acquisitions Net Sales (SEKm) EBITA (SEKm) +72% +53% 32 211 0 1 7 50 +15% +5% 137 22 6 19 120 18 16% 38% 1% 32% 39% 1% Q4 2022 Q4 2023 Organic growth Acquired Currency Q4 202
Slide 8: Niched manufacturers – softer market demand amid tough comparison
INTRODUCTION Q4 - 2024 NEW COMPANIES Niched manufacturers – Facing softer market demand amid tough year-on-year comparison Net Sales (SEKm) EBITA (SEKm) +15% +29% -9% 192 +14% 2 29 167 27 26 -4 0 146 22 -9 7 -2% 16% 1% -33% 23% 1% Q4 2022 Q4 2023 Organic growth Acquired Currency Q4 2024 Q4 2022 Q4 2
Slide 9: Growing cash flow from operating activities
INTRODUCTION Q4 - 2024 NEW COMPANIES Growing cash flow from operating activities Cash flow from operating activities (LTM) (SEKm) +31% 172 174 137 135 133 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 • Strong cash flow in Q4 and for the year. Increased profits and improves working capital contributed to
Slide 10: Stable capital structure with low leverage as a base for further acquisitions
INTRODUCTION Q4 - 2024 NEW COMPANIES Stable capital structure with low leverage as a base for further acquisitions Net debt excl. leasing (SEKm) SEKm 2021 2022 2023 2024 -1.2x 1.7x 1.2x 0.9x Interest bearing debt 200 340 376 460 Cash and cash equivalents 246 149 190 286 191 186 174 Net debt excl. le
Slide 11: Examples of Männistö products
INTRODUCTION Q4 - 2024 NEW COMPANIES Examples of Männistö products: – A pipe support and insulation fastener product specialist for marine applications. Product company with an attractive market position Pro-forma sales and EBITA margin (EURm) • Männistö Oy is a Finnish manufacturer specializing in
Slide 12: Q4 2024 key take aways
INTRODUCTION Q4 - 2024 NEW COMPANIES Q4 2024 - Despite a dynamic market environment, Karnell closed 2024 with strong growth, a strengthened portfolio through four platform acquisitions, and a solid foundation to drive further expansion in 2025 Key take aways: • Solid financial performance in Q4, sup
Slide 13: Thanks for listening
Thanks for listening Questions?
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