Brdr A & O Johansen A/s Class B · OMXCOP:AOJ_B
Brdr A & O Johansen A/s Class B — Broedrene A O Johansn New — Q1 2026 Earnings Presentation
22 slides from Brdr A & O Johansen A/s Class B's earnings presentation, May 1, 2026
Slide 1: Interim Financial Report 2026
Company Announcement No. 7/2026 Interim Financial Report 2026 For the period 1 January – 31 March 2026 Brødrene A & O Johansen A/S Rørvang 3, DK-2620 Albertslund, Denmark CVR no. 58 21 06 17
Slide 2: Contents
Interim financial report for Q1 2026 2 Contents 3 Highlights for Q1 2026 Webcast 4 AO agrees to acquire JMV Cables A/S AO will host a webcast for investors and analysts on Friday, 1 May 2026 at 1:00 p.m. CET. 5 Expectations for the year The webcast and the presentation can be accessed 6 Financial an
Slide 3: Highlights for Q1 2026
Interim financial report for Q1 2026 3 Highlights for Q1 2026 Revenue (DKKm) · The activity level in the first quarter was adversely · A new store was opened in Falkenberg, bringing the affected by the weather conditions. The activity total number of stores in Sweden to 10. 355.8 380.3 picked up ove
Slide 4: AO agrees to acquire JMV Cables A/S
Interim financial report for Q1 2026 4 AO agrees to acquire JMV Cables A/S AO has agreed to acquire 100% of JMV Cables A/S. The acquisition supports AO’s strategic focus on electrification and the growing market demand for larger and more specialised cable solutions. With this transaction, AO streng
Slide 5: Expectations for the year
Interim financial report for Q1 2026 5 Expectations for the year The 2026 guidance remains unchanged and is as follows Outlook 2026 The Q1 revenue development was in line with expectations and confirmed our assumptions regarding the 2026 guidance. Margins remained broadly in line with the first quar
Slide 6: Financial and operating data for the AO Group
Interim financial report for Q1 2026 6 Financial and operating data for the AO Group Q1 Q1 Full Year Q1 Q1 Full Year DKK millions 2026 2025 2025 2026 2025 2025 Key figures Financial ratios* Consolidated revenue 1,582.0 1,486.1 6,120.8 Organic growth adjusted for acquisitions 5.3% 10.1% 8.4% Gross ma
Slide 7: Management’s review
Interim financial report for Q1 2026 7 Management’s review Revenue development improved during the quarter, resulting in revenue in line with expectations. Organic sales increased by 5.3%, while VVS-Eksperten.dk contributed a further 1.2 percentage points of growth. Margins were in line with both la
Slide 8: Development in net debt (DKKm)
Interim financial report for Q1 2026 8 EBITDA Income tax Cash flows Change in payables contributed with DKK 20.2m (DKK EBITDA ended at DKK 98.9m (DKK 93.5m), corre- Income tax amounted to DKK -11.1m (DKK -9.9m). Total change in net working capital at the end of the -142.0m). sponding to an EBITDA ma
Slide 9: B2B business development
Interim financial report for Q1 2026 9 B2B business development Distribution of B2B sales channels LTM AO's B2B segment serves professional tradesmen and large Physical Digital construction companies out of 55 stores in Denmark and 10 stores in Sweden. Roughly 70% of the B2B revenue originates from
Slide 10: B2C business development
Interim financial report for Q1 2026 10 B2C business development B2C revenue per quarter* DKK 350 300 AO is the market leader within online DIY home improvement 250 sales in Denmark. More than 20 webshops operating on shared 200 150 back-end platforms are servicing sales across Scandinavia. 100 Mark
Slide 11: Additional information
Interim financial report for Q1 2026 11 Additional information Investor contacts Financial calendar Forward-looking CEO Niels A. Johansen CFO, Deputy CEO Per Toelstang 2026-08-17 Quarterly Report Q2 2026 statements 2026-10-28 Quarterly Report Q3 2026 Head of IR Nicolaj Harmundal Petersen This interi
Slide 12: Management’s statement
Interim financial report for Q1 2026 12 Management’s statement Today the Board of Directors and the Executive Board Further, in our opinion the Management’s review includes Albertslund, 30 April 2026 have discussed and approved the interim financial report a fair review of the development in the Gro
Slide 13: Income statement and statement of comprehensive income
Interim financial report for Q1 2026 13 Income statement and statement of comprehensive income Q1 Q1 Full year Q1 Q1 Full year DKK millions Note 2026 2025 2025 DKK millions Note 2026 2025 2025 Revenue 3 1,582.0 1,486.1 6,120.8 Other comprehensive income Cost of sales (1,135.8) (1,065.8) (4,366.3) It
Slide 14: Balance sheet
Interim financial report for Q1 2026 14 Balance sheet Assets Q1 Q1 Full year Q1 Q1 Full year DKK millions Note 2026 2025 2025 DKK millions Note 2026 2025 2025 Non-current assets Current assets Intangible assets Inventories 5 912.8 820.5 896.6 Goodwill 4 760.3 760.7 760.9 Trade receivables 6 811.3 73
Slide 15: Balance sheet
Interim financial report for Q1 2026 15 Balance sheet Equity and liabilities Q1 Q1 Full year Q1 Q1 Full year DKK millions Note 2026 2025 2025 DKK millions Note 2026 2025 2025 Equity Current liabilities Share capital 28.0 28.0 28.0 Credit institutions 582.7 530.6 401.0 Reserve for foreign currency tr
Slide 16: Cash flow statement
Interim financial report for Q1 2026 16 Cash flow statement Q1 Q1 Full year Q1 Q1 Full year DKK millions Note 2026 2025 2025 DKK millions Note 2026 2025 2025 Operating profit or loss for the period 58.1 60.4 292.6 Purchase of intangible assets (42.4) (12.4) (65.7) Depreciation and amortisation 40.8
Slide 17: Statement of changes in equity
Interim financial report for Q1 2026 17 Statement of changes in equity Proposed Proposed Foreign dividend Foreign dividend currency for the currency for the Share translation financial Retained Share translation financial Retained DKK millions capital adjustment year earnings Total equity DKK millio
Slide 18: Notes
Interim financial report for Q1 2026 18 Notes 1.0 Accounting policies 2.0 Accounting estimates and judgements 3.0 Segment information The interim financial report has been prepared in accord- Estimation uncertainty The Group operates primarily in Denmark, and no single ance with IAS 34 "Interim Fina
Slide 19: Notes
Interim financial report for Q1 2026 19 Notes Segment information Q1 2026 Segment information Q1 2025 DKK millions B2B B2C Total DKK millions B2B B2C Total Revenue 1,297.1 284.9 1,582.0 Revenue 1,240.8 245.3 1,486.1 Cost of goods sold (963.6) (171.7) (1,135.3) Cost of goods sold (914.0) (151.9) (1,0
Slide 20: Notes
Interim financial report for Q1 2026 20 Notes 4.0 Goodwill and intangible assets 5.0 Inventories The annual impairment test of intangible assets, including No unusual inventory write-downs or reversals of inventory goodwill and intellectual property rights, is performed at write-downs have been reco
Slide 21: Interim financial and operating data for the AO group
Interim financial report for Q1 2026 21 Interim financial and operating data for the AO group Q1 Q4 Q3 Q2 Q1 Q1 Q4 Q3 Q2 Q1 DKK millions 2026 2025 2025 2025 2025 2026 2025 2025 2025 2025 Key figures Financial ratios* Consolidated revenue 1,582.0 1,672.8 1,465.2 1,496.7 1,486.1 Organic growth adjuste
Slide 22: Brødrene A & O Johansen A/S
Brødrene A & O Johansen A/S Rørvang 3, DK-2620 Albertslund, Denmark CVR no. 58 21 06 17
Broedrene A O Johansn New — Q1 2026 Earnings Presentation on 6ix