Bravida Holding Ab · OMXSTO:BRAV
Bravida Holding Ab — Q2 2025 Earnings Presentation
18 slides from Bravida Holding Ab's earnings presentation, Jul 11, 2025
Slide 1: Bravida Q2 2025
Bravida Q2 2025 Mattias Johansson, Group President & CEO Petra Vranjes, Group CFO 11 July 2025 The experience of when it just works Some things in life we just expect to work. You expect the light to turn on when you press the switch, for water to flow from the tap and to be able to trust the securi
Slide 2: Bravida in figures
Bravida in figures Presence in 84,000 customers 190 350 branches locations in the Nordic countries 40 regions 14,000 SEK 29.7 4 Countries Employees in 2024 billion sales in 2024 1 Group
Slide 3: We welcome Petra Vranjes to Bravida!
We welcome Petra Vranjes to Bravida! New Group CFO and member of the Group Management team 3
Slide 4: Q2 highlights
Q2 highlights Net sales growth • Net sales -9%, organic growth -8% and growth from acquisitions +1% and currency effect -3% -9% • Order intake increased +9%, due to strong order intake in Denmark • The order backlog increased SEK 1,267m in the Service sales growth EBITA-margin quarter • EBITA-margin
Slide 5: Net sales performance in Q2, SEKm
Net sales performance in Q2, SEKm Sales growth -9% ▪ Organic growth -8% ▪ Growth in service -7% ▪ Growth in installation -12% ▪ Growth from acquisitions +1% ▪ FX effects -3% 5
Slide 6: EBITA in Q2, SEKm
EBITA in Q2, SEKm • EBITA-margin increased to 5.4% (4.5%) • EBITA-margin improved in Sweden, Norway and Denmark • EBITA-margin in Denmark improved to 4.3% (0.1%) • EBITA-margin in Sweden improved 0.1 percentage point to 6.1% • EBITA-margin in Norway improved .0.2 percentage 5.4% 4.5% points to 5.9%
Slide 7: Order intake and backlog, SEKm
• Order intake increased 9% YoY • Order intake increased in Denmark YoY but decreased in Order intake and backlog, SEKm the other countries • One large order from an Industrial company in Denmark • The order backlog increased SEK1,267m in the quarter • The order backlog increased in Denmark and Norw
Slide 8: ESG
ESG LTIFR (Lost Time Injury Frequency Rate) LTM • 40 % of all 8,500 vehicles are electric driven • Change in CO2 emissions LTM from vehicles, -14.9% • The change in CO2 vehicles in relation to net sales LTM compared to 2020 was -40 percent • Decreasing LTIFR on Group level to 5.2 • Lower LTIFR in Sw
Slide 9: Acquisitions 2025
Acquisitions 2025 • One acquisitions completed in Q2, adding SEK 346m in annual sales • One acquisition completed in the beginning of Q3 in Finland, SEK 45m in annual sales • Interesting M&A discussion countinuous Finland Sweden ongoing • Currently, it is demanding to identify good Norway acquisitio
Slide 10: Sweden Q2 2025
Sweden Q2 2025 • Sales decreased -9% explained by the soft market in the south part of Sweden, sales in the south part of Sweden declined by SEK 230m YoY • Service sales growth -7%, and installation sales growth -11% • Organic growth -10%, growth from acquisitions +1% • EBITA-margin improved to 6.1%
Slide 11: Denmark Q2 2025
Denmark Q2 2025 • Growth in sales +1% • Organic growth +6% and effect from FX -5% • EBITA-margin improved to 4.3% (0.1%) due to better performance in both the service and the installation business • Order intake +78% YoY, explained by one large order from an industrial company • The order backlog in
Slide 12: Norway Q2 2025
Norway Q2 2025 • Growth in sales -18%, decreasing sales in both the installation and the service business • Organic growth -13% and effect from FX -5% • Growth in the installation business, -27%, explained by high production in some large projects 2024 • Growth in the service business -10% • EBITA-m
Slide 13: Finland Q2 2025
Finland Q2 2025 • Growth in sales -15% • Growth in the installation business, -12% • Growth in the service business, -20% • Organic growth -18%, growth from acquisitions +4% and from FX -1% • EBITA-margin decreased to 2.7%, due to decreased margin in the service business • Order intake decreased by
Slide 14: Net debt and cash flow, SEKm
Net debt and cash flow, SEKm Operating cash flow, SEKm Key highlights Financial position Q2 2025 ▪ Cash conversion declined to 80% (112%) ▪ Two larger unpaid receivables, expected to Cash balances 329 be resolved within the next 6 months Term loan, RCF, Commercial paper -2,026 ▪ One large unpaid rec
Slide 15: Market outlook 2025
Market outlook 2025 1.Service activity continues to be stable 2.Challenges in installation continuing – variation between geographies 3.Favourable market conditions for projects in e.g., infrastructure, industry, defence facilities and civil engineering – providing business opportunities 4.We will m
Slide 16: Summary Q2 2025
Summary Q2 2025 • Sales growth -9%, • Installation sales -12% and service sales -7% • Organic growth -8% • Growth from acquisitions +1% and FX -3% • Increased order intake in Denmark YoY • Increased order backlog in Denmark and Norway in the quarter • Improved EBITA to SEK 378m (343) and EBITA-margi
Slide 17: bravida
~+>bravida
Slide 18: bravida
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