Slide 1: Ferronordic Second quarter 2026
Ferronordic Second quarter 2026
Slide 2: Q2 2026: Increased earnings in all markets
Q2 2026: Increased earnings in all markets • Revenue increased 43% to SEK 1,558m (1,088), up 54% in fixed currency, with growth in all segments • Gross margin of 15.8% (16.3) on higher equipment share of revenue; up in the US • Operating profit improved to SEK 68m (-5), with all three segments profi
Slide 3: Q2 2026 Increased earnings in all markets
Q2 2026 Increased earnings in all markets Revenue up 54% in fixed currency • Strong quarter with higher earnings in all markets • Improvements of recent years increasingly visible in results • Driven above all by high US sales, with June a record month • Focus remains on existing operations and thei
Slide 4: US: Strong demand and strong execution
US Strong demand and strong execution Sales up 53% in USD • Strong demand from infrastructure activity and accelerating data center construction across our territory • Sales up 53% in USD, with equipment up 89%, aftermarket up 22% and rental up 15% • Equipment growth driven by articulated haulers an
Slide 5: Germany: Strong deliveries and higher aftermarket sales
Germany Strong deliveries and higher aftermarket sales Sales up 52% in EUR • Continued signs of recovery, with registrations in our territory up 7% • Truck deliveries up 52% in EUR, with 267 units delivered vs 100 in Q1 • Each truck delivered expands the population that drives aftermarket demand • A
Slide 6: Kazakhstan: Higher sales and earnings in soft market
Kazakhstan Higher sales and earnings in soft market Sales up 88% • Sales up 88% to SEK 49m (26), driven by higher equipment sales • Market remained weak, partly due to delays in government payments on infrastructure projects • Gross margin flat at 23.8% (24.0) Operating profit • Operating profit of
Slide 7: Q2 2026 Income statement
Q2 2026 Income statement Q2 2025 Q2 2026 % change • Revenue up 43% to SEK 1,558m SEKm US Germany Kazakhstan Group US Germany Kazakhstan Group Group o US 62%, Germany 35%, Kazakhstan (USD/SEK, EUR/SEK, 3% 10.17 11.09 50.40 9.25 10.79 52.61 SEK/KZT) o Equipment and trucks 62%, New units sold 59 155 6
Slide 8: Q2 2026 Balance sheet
Q2 2026 Balance sheet SEKm Q2 2025 Q1 2026 US Q2 2026 Q2 2026 • PP&E increased Y-o-Y, mainly on an expanded US rental fleet, but also currency USD/SEK 9.51 9.52 9.74 EUR/SEK 11.15 10.94 9.74 11.09 effects SEK/KZT 54.94 50.73 49.98 • US working capital down from 19% to 14% of Property, plant and equi
Slide 9: Group EBIT Y-o-Y
Group EBIT Y-o-Y 80 70 0 4 60 20 50 SEKm 1 40 68 30 65 20 47 10 0 -5 EBIT Q4 19 EBIT Q4 20 -10 EBIT Q2 2025 US Germany Kazakhstan HQ EBIT Q2 2026 9 1 Totals may not always reconcile as figures in the chart are rounded to SEK m.
Slide 10: Group EBIT Q-o-Q
Group EBIT Q-o-Q 80 -2 70 3 3 60 50 27 SEKm 1 40 30 65 68 20 37 10 EBIT Q4 19 EBIT Q4 20 0 EBIT Q1 2026 US Germany Kazakhstan HQ EBIT Q2 2026 10 1 Totals may not always reconcile as figures in the chart are rounded to SEK m.
Slide 11: Group assets by segment
Group assets by segment Split by main items and segment as at 30.06.2026 5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 0 Real estate Rental fleet Other PP&E Goodwill Inventories Trade and other Cash and Other assets* receivables equivalents * Including deferred tax assets US Germany Kaza
Slide 12: Group liabilities by segment
Group liabilities by segment Split by main items and segment as at 30.06.2026 5,000 4,500 4,000 3,500 3,000 2,500 2,000 SEK 1,409m SEK 97/share 1,500 1,000 500 0 Trade and other Bank loans VFS floor plan Lease liabilities Other liabilities* NAV payables US Germany Kazakhstan Group 12 * Including def
Slide 13: Financial objectives and dividend policy
Financial objectives and dividend policy KPI Objective LTM Q2 2026 Double 2024 revenue in current Revenue 1.02x markets over 5 years1 Operating margin >6% 3.4% <3x Net debt / EBITDA 3.0x (over a business cycle) At least 50% of net profit shall be distributed if net debt after dividend is below 1.0x
Slide 14: Outlook
Outlook We remain optimistic about our US operations and the market environment ahead. Infrastructure spending remains at a high level, and the scale of AI- related data center investments across our territory continues to grow, supporting construction activity and equipment demand for years to come
Slide 15: Thank you
IN FERRONORDIC Thank you