Troax Group Ab Class A · OMXSTO:TROAX
Troax Group Ab Class A — Q2 2025 Earnings Presentation
15 slides from Troax Group Ab Class A's earnings presentation, Jul 18, 2025
Slide 1: Troax Group Second Quarter 2025 Presentation
THIS IS TROAX »TROAX GROUP« SECOND QUARTER 2025 PRESENTATION 18th of July, 2025 MARTIN NYSTRÖM, PRESIDENT AND CEO ANDERS EKLÖF, CFO
Slide 2: Summary Q2, 2025
Summary Q2, 2025 Slower Europe and Americas - flattish Asia • North Europe continued to develop weakly driven by the automotive and warehousing segments • Southern Europe grew driven by general industry as well as process segments • Americas became more hesitant due to ‘liberation day’ after math an
Slide 3: Reducing cost and optimizing supply footprint
Reducing cost and optimizing supply footprint Press release 25th June, 2025 Cost reduction program launched during Q2, 2025 1) Reduction of employees in Q2 • ~100 employees based on lower volumes, SG&A efficiency potential and strategic priorities • Runrate savings of ~5 MEUR/year effective Q3 2025
Slide 4: Save the date: Troax Group Capital Markets Day 2025
Save the date: Troax Group Capital Markets Day 2025 • Update on our business and future ambitions • Meet group management members • Factory tour • Q&A • When: 5 November 2025, 12-16 • Where: Hillerstorp, Sweden • More information and invitations to come during Q3 • More information will be available
Slide 5: Market development Q2 (Order intake, YoY)
Market development Q2 (Order intake, YoY) Total -6% Automotive Warehouse Construction Process Other Total ~15% ~35% ~10% ~10% ~30% 100% Share of sales OI change (2024) (YoY) Northern Europe -13% 79% Southern Europe +5% Americas 16% -14% APAC 5% 0% < -5% -5% to 5% >5%
Slide 6: Order intake development
Order intake development Order intake by quarter (MEUR) Growth -6% -6% 69,6 65,3 +1% -1% 69,6 -6% 65,3 20-Q2 21-Q2 22-Q2 23-Q2 24-Q2 24-Q3 24-Q4 25-Q1 25-Q2 Q2-24 Organic Structure FX Q2-25 Order intake (MEUR) 65.3 (-6%)
Slide 7: Net sales development
Net sales development Sales by quarter (MEUR) Growth -4% -4% 71,9 0,5 68,7 -3,3 -0,4 +1% -4% -1% 71,9 68,7 20-Q2 21-Q2 22-Q2 23-Q2 24-Q2 24-Q3 23-Q4 25-Q1 25-Q2 Q2-24 Organic Structure FX Q2-25 Sales (MEUR) 68.7 (-4%)
Slide 8: EBITA (adj) development
EBITA (adj) development Adj. EBITA margin (%) 20 -18% 25 14.4% 19,7 20 15 16,8 17,2 14,4 • Sequential improvement to Q1 14,0 15 10 • Lower volumes in Europe put pressure 10 to the EBITA-margin 12,1 • Negative impact from FX loss ~70 bps. 5 9,9 5 Excl FX 15.1% (vs. 16.5% Q2 2024) • Price discipline a
Slide 9: Working capital development
Working capital development 80 30 Working Capital 70 25 -5% 60 50 20 55.8 MEUR (-5%) 40 15 30 59,0 55,8 • Stable and lower working capital 10 20 5 10 0 0 20-Q2 21-Q2 22-Q2 23-Q2 24-Q2 24-Q3 24-Q4 25-Q1 25-Q2 NOTE: Working capital is defined as 3 month rolling (Accounts receivables + inventory – Acco
Slide 10: Operating cash flow development
Operating cash flow development 25 140 120 Free operating cash flow 20 15 84 90 100 8.9 MEUR 80 60 • Solid cash flow generated from 10 operations 40 5 20 0 0 20-Q2 21-Q2 22-Q2 23-Q2 24-Q2 24-Q3 24-Q4 25-Q1 25-Q2 Operating cash flow (MEUR) R3 Cash conversion %
Slide 11: Net debt development
Net debt development 250 4,0 3,5 Financial Net debt / EBITDA 200 Target: Net debt/EBITDA <2.5 3,0 150 2,5 1.1 (R12) 2,0 100 1,4 1,5 1,1 • Net debt kept stable and well below target 0,8 0,9 0,8 1,0 50 0,6 0,5 • Significant fire power for acquisitions 0 0,0 • Market for acquisitions is somewhat ‘hesit
Slide 12: Financial summary, Q2 2025
Financial summary, Q2 2025 KEY FINANCIALS (MEUR) Q2 2024 Q2 2025 GROWTH (YoY) OI Sales Order intake 69.5 65.3 Organic -6 -4 Sales 71.9 68.7 Structure +1 +1 Adj. EBITA 12.1 9.9 Organic + structure -5% -5% Adj. EBITA (%) 16.8 14.4 Currency -1 -1 Adj. EBITA (%, excl FX) 16.5 15.1 Total -6% -4% Net debt
Slide 13: Summary Q2, 2025
Summary Q2, 2025 Slower Europe and Americas - flattish Asia • North Europe continued to develop weakly driven by the automotive and warehousing segments • Southern Europe grew driven by general industry as well as process segments • Americas became more hesitant due to ‘liberation day’ after math an
Slide 14: Caring for everyday safety
A safety authority -Caring for everyday safety We believe your everyday safety matters. In essence, is it all about providing you with peace of mind. Our people make the difference Everyday safety means bringing every employee back home safe, businesses sustainably higher productivity, and valuables
Slide 15: Q&A
i »Q&A