Nimbus Group Ab · OMXSTO:BOAT
Nimbus Group Ab — Q3 2025 Earnings Presentation
12 slides from Nimbus Group Ab's earnings presentation, Oct 23, 2025
Slide 1: Nimbus Group Q3 report
Nimbus Group Q3 report 23 October 2025
Slide 2: Today’s Presenters
Today’s Presenters Johan Inden Rasmus Alvemyr CEO CFO
Slide 3: Third Quarter in summary
Third Quarter in summary • Net sales amounted to 263 MSEK NET SALES EBITA (378), primarily driven by soft market MSEK MSEK, margin % in North America 700 2500 60 8% • Gross profit amounted to 8 MSEK (47) 600 40 6% 2000 corresponding to a margin of 2.9% 500 20 4% (12.5%). 400 1500 0 2% • EBITA amount
Slide 4: Orderbook and market environment
Orderbook and market environment ORDER BOOK ORDER BOOK • Market volumes at the lowest point in COMMERCIAL SALES, MSEK RETAIL SALES, MSEK a decade 1000 180 900 160 • Softening market in North America 800 140 700 • Retail pace remain low but stable 120 600 100 • Dealer stock on low levels 500 80 400 •
Slide 5: Improve performance
Improve performance Nimbus Group - Premium brand portfolio with global exposure on a market with long term growth potential. Opportunities within the work boat segment with the FMV project. Initial observations and improvement areas: • Turn the trend in North America • Secure brand and product portf
Slide 6: Market highlights
Market highlights • New dealers appointed in Switzerland, Turkey, Florida, Oslo • FMV ’Swedish Defense Material Administration’ has approved the design of the Alukin workboat • Launch of the Edgewater 250 CC to the North American market • Aquador 400HT nominated to Best of Boats in the category ’’Be
Slide 7: Key financial items
Key financial items • Restructuring costs 17 MSEK in quarter (affecting GP -12 MSEK and operating costs -5 MSEK) Gross Profit - Bridge 2024Q3 vs 2025Q3 50 47 • Restructuring costs in combination with campaigns to 45 reduce inventory and cost under absorption effects from 40 low sales / production ha
Slide 8: Commercial Sales – development Q3
Commercial Sales – development Q3 • Sales drop by -38% (-99 MSEK) Net Sales Q3 (2023, 2024, 2025) 400 363 • Soft (net) order intake driven by NA re-valuation of order 350 book 300 264 250 207 201 • Sales up in Europe 200 165 150 100 71 74 • The order from FMV not included, only the pre-series 100 37
Slide 9: Retail Sales – development Q3
Retail Sales – development Q3 Net Sales Q3 (2023, 2024, 2025) • Sales decreased by -14% to 98 MSEK 120 114 114 98 100 • Order intake up by 11% to 61 (55) YoY 80 52 57 • Increased sale and order intake of own brands YoY 60 42 43 45 38 40 20 15 16 • Positive development of order book 20 0 Own brands T
Slide 10: Cash Flow & Net working capital
Cash Flow & Net working capital Operating Cash Flow Q3 NWC • Operating CF in Q3 amounted to net -43 80 800 47% 47% 50% MSEK (-69) 78 41% 44% 45% 60 700 39% 35% 40% • Inventory down 29 MSEK (5) in the quarter 600 34% 40 26% 30% 35% • NWC is turning downwards YoY for the 20 500 30% first time since Q4
Slide 11: Financial targets
Financial targets Growth >10% EBITA margin 10% Capital structure - No Financial debt Dividend policy 30%
Slide 12: Q&A, Financial Calendar
Q&A, Financial Calendar Q4 2025 Report, February 4th 2026