Indutrade Ab · OMXSTO:INDT
Indutrade Ab — Q3 2025 Earnings Presentation
18 slides from Indutrade Ab's earnings presentation, Oct 21, 2025
Slide 1: Q3 Report 2025
An entrepreneurial world where people make the difference Bo Annvik, President and CEO Q3 Report 2025 Patrik Johnson, CFO 21 October 2025
Slide 2: Highlights third quarter 2025
Highlights third quarter 2025 ▪ Improved demand – organic order growth of 3%. ‒ 4 out of 5 business areas and more than half of the companies grew Net Sales organically ‒ Strong demand from customers within medical technology & pharmaceuticals 7.8BSEK ‒ Good demand development within several of the
Slide 3: Improved demand
Improved demand Order intake Net Sales MSEK MSEK 9,000 30% 9,000 30% 8,000 25% 8,000 25% 20% 20% 7,000 7,000 15% 15% 6,000 6,000 10% 10% 5,000 5,000 5% 5% 4,000 4,000 0% 0% 3,000 -5% 3,000 -5% 2,000 -10% 2,000 -10% 2020 2021 2022 2023 2024 2025 2020 2021 2022 2023 2024 2025 Q Order intake Q Organic
Slide 4: Organic sales development Q3 – major countries
Organic sales development Q3 – major countries Nordics Rest of Europe Rest of the world Sweden Benelux North America Denmark UK/Ireland Asia Finland Germany Norway Switzerland & Austria Total Nordics Total Rest of Europe Total Rest of the world 4
Slide 5: Strong EBITA-margin
Strong EBITA-margin EBITA & EBITA margin Quarterly growth MSEK Q growth 1,400 16% 15% 1,200 15% 10% 1,000 14% 13% 5% 3% 800 1% 12% 0% 600 11% 400 -5% -2% 10% -5% 200 9% -10% 0 8% -15% 2020 2021 2022 2023 2024 2025 Organic Acquisitions Divestments Currency Q EBITA Q EBITA margin Q3-25 MARGIN Q GROWTH
Slide 6: Net Sales by Business Area
Net Sales by Business Area Total growth: 1% -6% -4% 2% -2% ▪ Strongest organic development in Process, Energy & Water, and unchanged in 10.0% Technology & Systems Solutions. 8.0% 6.0% ▪ Weak general business climate impacting Business Areas Infrastructure & Construction 4.0% and Industrial & Enginee
Slide 7: EBITA margin by Business Area
EBITA margin by Business Area EBITA margin development ▪ Record high Q3 gross margin. ▪ Organic expenses slightly higher than last 20% 17.9% year. 14.7% 16.0% 15.9% ▪ EBITA margin improved in two business 15% areas. Q EBITA margin 12.4% ▪ Infrastructure & Construction impacted positively 10% by acqu
Slide 8: Increased acquisition pace
Increased acquisition pace # Company Country Business area Announced Annual sales 1. Germany Industrial & Engineering Q1 150 MSEK 2. Ireland Life Science Q1 185 MSEK 3. Sweden Industrial & Engineering Q2 55 MSEK 4. Netherlands Technology & Systems Solutions Q3 35 MSEK 5. Italy Life Science Q3 85 MSE
Slide 9: Successful acquisition track record
Successful acquisition track record No. of acquired companies per year Quarterly financial effects acquisitions* 18 100 25% 16 90 14 80 20% 70 12 EBITA (MSEK) EBITA margin 60 15% 10 50 8 40 10% 6 30 4 20 5% 2 10 0 0 0% No. of acquired companies No. of acquired companies (3 yr avg) Acquired EBITA Acq
Slide 10: Key data summary
Key data summary MSEK 2025-Q3 2024-Q3 Change 2025-YTD 2024-YTD Change Order Intake 7,735 7,537 3% 24,487 23,870 3% Net Sales 7,846 7,973 -2% 24,003 24,208 -1% Gross margin, % 35.5 34.0 35.4 34.8 EBITA 1,143 1,182 -3% 3,352 3,468 -3% EBITA-margin, % 14.6 14.8 14.0 14.3 Net financial items -99 -143 -3
Slide 11: Cash Flow from operating activities
Cash Flow from operating activities Cash Flow development ▪ Operating cash flow during the quarter MSEK amounted to SEK 1,016 million (1,019), 1,800 160% in line with corresponding period last 1,600 140% year. 1,400 1,200 120% ▪ Lower total organic working capital and 100% 1,000 inventory than last
Slide 12: Earnings per share
Earnings per share EPS development ▪ EPS decreased 4% in the quarter to SEK SEK SEK 1.85 (1.92) per share. 2.5 9.0 8.0 ▪ 3- and 5-year rolling 4Q earnings per 2.0 7.0 share CAGR, were 2% and 10%. 6.0 1.5 5.0 4.0 1.0 3.0 0.5 2.0 1.0 0.0 0.0 2020 2021 2022 2023 2024 2025 Q EPS R12 EPS 12
Slide 13: Strong financial position
Strong financial position Net debt development ▪ The interest-bearing net debt MSEK decreased since same period last year 12,000 100% to SEK 8,100 million (8,843). 90% 10,000 80% ▪ Net debt/equity ratio was 48% (56%). 8,000 70% ▪ Net debt/EBITDA was 1.4x (1.6x). 60% Excluding earn-out liabilities 1.
Slide 14: Companies adapt their cost base and head count
Companies adapt their cost base and head count Organic change in FTEs since Q3 24 +2% -6% Companies with growing order intake Companies with declining order intake 14
Slide 15: Key takeaways
Key takeaways ▪ The positive demand development continues – order intake up 3% organically. ▪ Slightly lower organic sales, mainly due to challenging references. ▪ Strong EBITA margin of 14.6%. Capital Markets Day 2025 ▪ Companies continue to work actively with adapting costs to their respective mar
Slide 16: Thank you! Q&A
Thank you! Indutrade
Slide 17: Financial calendar & contact details
Financial calendar & contact details 29 J ANUARY 2026 Q4 Report 1 A PRIL 2026 AGM 24 A PRIL 2026 Q1 Report 16 J ULY 2026 Q2 Report 23 O CTOBER 2026 Q3 Report Contact: ir@indutrade.com +46 8 703 03 00
Slide 18: Trusted by entrepreneurs
MT indutrade Trusted by entrepreneurs