Bergman & Beving Ab Class B · OMXSTO:BERG_B
Bergman & Beving Ab Class B — Q2 2025 Earnings Presentation
19 slides from Bergman & Beving Ab Class B's earnings presentation, Oct 22, 2025
Slide 1: Financial Report 1 April – 30 September 2025
FINANCIAL REPORT 1 April – 30 September 2025 22 October 2025 Magnus Söderlind – CEO Peter Schön - CFO 1
Slide 2: Highlights Second Quarter 2025/2026
HIGHLIGHTS Second Quarter 2025/2026 Market remains sluggish ❖ No pick up in the Construction and Industry sectors in the Nordics Increased earnings, profitability & EPS ❖ Turnover totalled MSEK 1,127 ❖ EBITA1) increased 11 percent – 23 consecutive quarter with improved profit ❖ EBITA margin1) 11.8 p
Slide 3: Highlights Second Quarter 2025/2026
HIGHLIGHTS Second Quarter 2025/2026 Market remains sluggish Increased earnings, profitability & EPS Structural measures to strengthen our companies ❖ In addition to divestment of Skydda's Nordic ❖ Divested Luna Baltics operations in a MBO (turnover ~100 MSEK) ❖ Luna better conditions to streamline i
Slide 4: Six Acquisitions 2025/2026 – On Acquisition Target of MSEK 50–80
SIX ACQUISTIONS 2025/2026– ON ACQUISITION TARGET OF MSEK 50–80 Annual Revenue EBITA P/WC Division MSEK % % Q1 Safety Ontec Technology 45 >>>15 >>>45 Core Raintite Solutions 90 >15 >>45 Industrial Mann & Co Equipment 30 ~15 45 Q2 Core H C Coils Solutions 130 >15 >>45 Safety Donut Safety Systems Techn
Slide 5: 23 Consecutive Quarters with Increased EBITA
23 CONSEQUTIVE QUARTERS WITH INCREASED EBITA EBITA per quarter % MSEK 14 140 130 133 1) EBITA EBITA % 12 125 120 121 116 119 120 ❖ EBITA1) increased 11 percent to MSEK 133 (120) 107 110 10 103 104 105 ❖ EBITA CAGR 24 percent 94 100 88 91 81 84 84 ❖ EBITA margin1) 11.8 percent (10.5) 8 78 73 80 66 68
Slide 6: Organic Net Sales
ORGANIC NET SALES REFLECTS THE REALITY MANY OF OUR COMPANIES ARE OPERATING IN Revenue per quarter Quarterly Revenue, % MSEK 1,400 Revenue Revenue Trend 1,300 -1 1,200 -4 5 1,100 -2 1,000 Currency Actual 900 Organic Acquisitions 800 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 20
Slide 7: Own Products Share at Target Level
OWN PRODUCTS SHARE AT TARGET LEVEL 75% OWN PRODUCTS latest FY2526 NEW COMPANIES DO NOT ENHANCE GROSS MARGIN Gross margin per quarter Revenue per type of products Rolling 12 months % 50 GM GM Trend Own Proprietary Products 48 Other Products 46 23% 30% 28% 26% 44 42 40 38 72% 74% 77% 36 70% 34 32 30 Q
Slide 8: Group Target Overview and Status
GROUP TARGET OVERVIEW AND STATUS 50 45 40 31 33 26 30 20 22 20 22 21 45% P/WC 20 16 latest FY2627 10 0 17/18 18/19 19/20 20/21 21/22 22/23 23/24 24/25 2509 26/27 R12 600 500 500 399 406 400 339 372 298 EBIT 300 216 236 189 247 500 MSEK 200 100 latest FY2526 0 17/18 18/19 19/20 20/21 21/22 22/23 23/2
Slide 9: Items Affecting Comparability
ITEMS AFFECTING COMPARABILITY CONSOLIDATED INCOME STATEMENT Purchase Q2 2025 MSEK Q2 2025 Skydda Baltic cons. adj Revenue 1,127 1,127 Other operating income 58 -15 -37 6 Total operating income 1,185 -15 0 -37 1,133 Total operating expenses -1,117 66 22 -1,029 Operating profit 68 51 22 -37 104 Financ
Slide 10: EPS Continues to Improve
EPS CONTINUES TO IMPROVE SEK EPS Q R12 9.00 8.00 7.00 6.00 5.00 4.00 3.00 2.25 2.00 2.05 2.05 1.90 1.95 1.95 1.95 1.95 2.05 2.00 2.00 1.80 1.85 1.85 1.80 1.70 1.80 1.70 1.50 1.45 1.60 1.60 1.00 0.00 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 20/21 21/22 22/23 23/24 24/25 25/26
Slide 11: Inventory Level – Divestments Reduced Inventory
INVENTORY LEVEL – DIVESTMENTS REDUCED INVENTORY BY MSEK 110 MSEK ITO 1,600 3.0 Inventory R12 ITO R12 1,500 1,400 ❖ Inventory amounted to MSEK 1,075 (1,136) 1,300 2.0 ❖ Divested businesses reduced inventory by MSEK 110 1,200 1,100 ❖ Organic inventory reduction MSEK 30 1,000 1.0 ❖ ITO continued to imp
Slide 12: Cash Flow from Operating Activities – According to Plan
CASH FLOW FROM OPERATING ACTIVITIES – ACCORDING TO PLAN Cash flow per quarter MSEK 250 Cashflow Cash flow Trend 207 207 200 187 179 176 182 150 142 145 133 133 ❖ Cash flow from operating activities MSEK 112 (87) 110 112 100 94 94 87 57 79 ❖ Lower Working capital 59 50 50 28 0 -25 -50 -36 Q1 Q2 Q3 Q4
Slide 13: Acquisitions and Dividend Increased Net Debt
ACQUISITIONS AND DIVIDEND INCREASED NET DEBT MSEK ND/EBITDA 1,600 5.0 Operational Net Debt ND / EBITDA excl IFRS 16 4.5 1,400 ❖ Operational Net Debt MSEK 1,424 (1,115) 4.0 1,200 3.5 ❖ Net Debt/EBITDA 2.5 (2.1) 1,000 ❖ Increased due to MSEK 205 in 3.0 acquisitions during the quarter and MSEK 737 duri
Slide 14: Core Solutions
CORE SOLUTIONS Demand from the Nordic construction sector remained stable but at a low level ❖ Acquired HC Coils July 15 ❖ Revenue increased 31 percent to MSEK 436 (334) ❖ EBITA increased by 51 percent to MSEK 59 (39) ❖ EBITA margin increased to 13.5 percent (11.7) MSEK MSEK Revenue R12 EBITA % R12
Slide 15: Safety Technology
SAFETY TECHNOLOGY Several companies experienced increased demand, while overall demand remained relatively weak ❖ Acquired Donut Safety Systems August 1 ❖ Revenue amounted to MSEK 2881) (362) ❖ EBITA increased by 14 percent to MSEK 33 (29) ❖ EBITA margin increased to 11.5 percent (8.0) MSEK Revenue
Slide 16: Industrial Equipment
INDUSTRIAL EQUIPMENT Demand varied depending on companies end markets. In total, a slightly weaker demand. ❖ Demand varied depending companies' end markets ❖ Luna & Teng Tools, selling to retailers, experienced continued weak demand. Polartherm (mobile heaters) also experienced continued low demand.
Slide 17: Towards the Target 500/Ten/45, Albeit with a Few Quarters of Delay
TOWARDS THE TARGET 500/TEN/45, ALBEIT WITH A FEW QUARTERS OF DELAY UNDERLYING MARKET ❖ Market recovery WHAT WE ALWAYS DO ❖ Profit expansion over revenue growth ❖ B&B Focus Model guides capital allocation company-by-company ❖ Group support – B&B Tool Box ❖ Acquisition of highly profitable B2B compani
Slide 18: Contact Calendar
Contact Calendar Investor Relations 4 February 2026 Peter Schön Interim Report 1 April – 31 December 2025 +46 70 339 89 99 13 May 2026 ir@bb.se Financial Report 1 April 2025 – 31 March 2026 18
Slide 19: Shaping Great Companies Since 1906
SHAPING GREAT COMPANIES SINCE 1906