Slide 1: A strong start to the year
A strong start to the year 6 GROUP | | | Ni na | . 4 embellence mae
Slide 2: Today's Presenters
TODAY’S PRESENTERS Olle Svensk, CEO Karin Lidén, CFO
Slide 3: Q1 Highlights
Q1 HIGHLIGHTS A strong start to the year • Net sales amounted to MSEK 214 (+8,5% vs PY) • Strongest quarter ever with US as best market • EBITA amounted to MSEK 33.6 (27.1) • Strongest quarter ever • EBITA margin 15.7% (13.7%) • Economies of scale and improved product mix • Continued product develop
Slide 4: Exciting start of the year with strong sales & marketing focus
Exciting start of the year with strong sales & marketing focus • Q1/2024 was our strongest quarter ever with +8,5% • First quarter is a key trade fair period in the interior decoration industry • Maison et Objet in Paris • Deco off in Paris • Ambiente in Frankfurt • At these fairs our Brands launche
Slide 5: d.ecodura, the new paradigm in wallpaper
Ql REPORT 2024 Wall&cdecd d.ecedura d.ecodura™, the new paradigm in wallpaper Maison&Objet 18-22 January / Hall 7 - F 163 embelleace GROUP
Slide 6: Cole&Son
Cole&Son Selection of Hummingbirds
Slide 7: Own initiatives to build brand and drive sales growth
And we also dialled up a number of our own initiatives to build brand and drive sales growth • The first Jubilee Place Salon held at Cole&Son’s flagship gallery in London - design talks with industry leaders in interior decoration • In Stockholm Cole&Son hosted an event to celebrate almost 150 years
Slide 8: The first Jubilee Place Salon held at Cole&Son's flagship gallery
The first Jubilee Place Salon held at Cole&Son’s flagship gallery Lord Vaizey moderated a lively panel in which leaders in the design world, Louise Roe, Karen Howes and Cole & Son’s Marie Karlsson, discussed trends in interior design Q 1 R E P O R T 2 0 2 4
Slide 9: Celebration of almost 150 years of Cole & Son craftsmanship
Celebration of almost 150 years of Cole & Son craftsmanship Held at Hotel Ett Hem in Stockholm Q 1 R E P O R T 2 0 2 4
Slide 10: Boråstapeter
Borastapeter Bil |Orangeni
Slide 11: Wall&decò project won with WET system in Bonn
Wall&decò project won with WET system in Bonn Q 1 R E P O R T 2 0 2 4
Slide 12: Q1 2024 - Financials
Q1 2024 - Financials EMBELLENCE GROUP Sales growth Gross margin EBITA margin Op. Cash Flow - driven by US (MSEK) 8.5% 58.3% 15.7% 14.4 Q1 2024 Q1 2023 FY 2023 Net sales (MSEK) 214.2 197.5 740.5 Gross margin (%) 58.3 57.2 58.4 EBITA (MSEK) 33.6 27.1 92.0 EBITA margin (%) 15.7 13.7 12.4 Net profit for
Slide 13: Q1 2024 - Financials: Net sales and adjusted EBITA
Q1 2024 - Financials EMBELLENCE GROUP NET SALES AND R12 (MSEK) ADJ. EBITA (MSEK) & ADJ. EBITA-MARGIN (%) 250 1,000 40 16% 200 800 30 12% 150 600 20 8% 100 400 10 4% 50 200 0 0 0 0% Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 22 22 22 23 23 23 23 24 22 22 22 23 23 23 23 24 Q 1 R E P O R T 2 0 2 4
Slide 14: Q1 2024 – Sales development by region
Q1 2024 – Sales development by region NORDICS: EUROPE: REST OF WORLD: Continued cautious Stable development Sharp sales growth demand in the US MSEK 77.9 (-5.5%) MSEK 64.8 (+0.1%) MSEK 71.5 (+41.6%) • A slow start of the quarter • Good sales to the • Strong sales in the US, with and an early Easter
Slide 15: Looking Ahead
LOOKING AHEAD Positive momentum continues in our Brands in what is still an uncertain consumer market • Continued strong product launches at key events • Contained input costs and production efficiency improvements in our manufacturing entity • Still uncertain consumer market in especially UK and Sw
Slide 16: Summary
SUMMARY Strongest quarter ever with US as strongest market • Net sales amounted to MSEK 214 (197), up 8.5% • Third consecutive quarter with organic growth Improved EBITA-margin,15.7% • Economies of scale and improved product mix • Continued product development and marketing efforts in the quarter St
Slide 17: embellence
embellence
Slide 18: Thank you!
THANK YOU! at eerorr 2024 embellence GROUP