Slide 1: Q2 2025 Results Presentation
Q2 2025 Results Presentation Kristoffer Ljungfelt, CEO Henrik Skogsfors, CFO
Slide 2: Nobia Group, highlights Q2
Nobia Group, highlights Q2 • Continued improvements in financial performance; higher EBIT, EBIT-margin and cash flow. 2024 Q2 2025 Q2 • Nordics EBIT margin of 8.9% despite soft market conditions Net sales (SEKm) 2,933 2,695 • Group net sales decline due to a soft project market and Organic growth (%
Slide 3: Kitchen market development, Nordic region
Kitchen market development, Nordic region Housing starts per quarter (thousands) Consumer market 20 • Gradual recovery continues 18 • Slight recovery in housing transactions 16 • Government grants support home renovations 14 • Continued increase in footfall and kitchen design Sweden 12 meetings 10 N
Slide 4: Kitchen market development, UK
Kitchen market development, UK Housing starts per quarter (thousands) Consumer market 80 • Consumer confidence continues to trend low 70 • House price index trend upwards • Gradual increase in residential house transactions 60 50 Project segment • Housing completions and housing starts remain well 4
Slide 5: Strategic updates
Strategic updates Maximising cost • New Group organisation; decentralisation and local accountability will enable further cost saving measures efficiency and • Run rate cost improvements of prior launched programs exceeds SEK 600m reduction of net debt • Disciplined group-wide cost control to contin
Slide 6: Ramp-up of new Nordic factory
Ramp-up of new Nordic factory Ramp-up of new Nordic factory • Factory property received prestigious sustainability certification – BREEAM “Excellent” • Kitchen components, assembled and flat-pack cabinets being distributed from Jönköping to the Nordic supply chain • Gradual ramp up of shipments of c
Slide 7: Nordic region Q2
Nordic region Q2 Share of R12 sales by segment Share of R12 sales by country Finland • Organic net sales down -3% (-14% in Q2-24) 6% Norway Project Retail • Consumer sales up, while project segment sales continues 46% 37% 19% Denmark to decline Sweden 52% 23% • Gross margin impacted by ramp-up costs
Slide 8: Region UK Q2
Region UK Q2 Share of R12 sales by segment Share of R12 sales by channel Other Project • Organic sales decreased -7% (+5% in Q2-24) 19% DIY 12% 18% – Project market decline Project Retail 15% 45% • Adjusted for store closures, net sales were unchanged Trade Stores 70% 21% • Gross margin improvement
Slide 9: Financial position
Financial position Cash flow 2024 Q2 2025 Q2 Cash flow from operating activities 165 236 • Cash flow improvement driven by operating profit, Operating cash flow -53 100 working capital and lower investments Of w. operating profit* -171 -12 • Investments in Jönköping factory SEK 120m (157) Of w. chan
Slide 10: Priorities going forward
Priorities going forward • Advance on our strategic agenda - Ramp-up Jönköping factory - Turnaround of the UK operations - Deliver on our cost out programs • Leverage on our strong brands and new organisation - Capture growth in consumer sales with proven model - Increase average order values - Prod
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