Karnell Group Ab Class B · OMXSTO:KARNEL_B
Karnell Group Ab Class B — Karnell Group AB ser. B — Q2 2025 Earnings Presentation
13 slides from Karnell Group Ab Class B's earnings presentation, Jul 18, 2025
Slide 1: Interim Report January – June 2025
INTERIM REPORT JANUARY – JUNE 2025 Q2 18 JULY 2025
Slide 2: Today's agenda and presenters
Today’s agenda and presenters: Petter Moldenius 01. Introduction 02. Q2 2025 Lars Neret 03. New companies 04. Q&A 2
Slide 3: Karnell Group Q2 2025 – a quarter of solid performance (SEKm)
INTRODUCTION Q2 - 2025 NEW COMPANIES Karnell Group Q2 2025 – a quarter of solid performance (SEKm) Net Sales EBITA Operating cash flow Net debt / EBITDA* 431 63 20 1.4x (Q2 2024: 357) (Q2 2024: 41) (Q2 2024: 30) (Q2 2024: 0.6x) *Net debt excl. leasing / EBITDA excl. leasing Net Sales (SEKm) EBITA (S
Slide 4: 2025 Q2: A solid performance in the second quarter of 2025
INTRODUCTION Q2 - 2025 NEW COMPANIES 2025 Q2: A solid performance in the second quarter of 2025, platform acquisition, organic growth and a record high EBITA margin on LTM basis. Net Sales and EBITA% development LTM (SEKm) Highlights during the quarter: 2,400 13.3% 14 • Net sales for the period incr
Slide 5: Breakdown of quarterly performance in net sales and EBITA
INTRODUCTION Q2 - 2025 NEW COMPANIES Breakdown of quarterly performance in net sales and EBITA Net Sales (SEKm) EBITA (SEKm) +21% +54% 431 63 -7 -1 +23% 76 17 357 5 +14% 291 7 41 1% 21% -2% 36 17% 41% -3% Q2 2023 Q2 2024 Organic growth Acquired Currency Q2 2025 Q2 2023 Q2 2024 Organic growth Acquire
Slide 6: Product owning companies – Continued Q2 growth, driven by acquisitions
INTRODUCTION Q2 - 2025 NEW COMPANIES Product owning companies – Continued Q2 growth, driven by acquisitions Net Sales (SEKm) EBITA (SEKm) +22% 218 +33% -3 +45% 32 -1 54 179 +103% -12 11 24 -3 124 -7% 30% -2% 12 -11% 46% -2% Q2 2023 Q2 2024 Organic growth Acquired Currency Q2 2025 Q2 2023 Q2 2024 Org
Slide 7: Niched manufacturers – Gradually normalized markets
INTRODUCTION Q2 - 2025 NEW COMPANIES Niched manufacturers – Gradually normalized markets – driven by strong organic performance compared to softer previous year Net Sales (SEKm) EBITA (SEKm) +19% 213 -4 +51% +6% 22 178 17 42 -1 168 5 -5% 10 29 28 9% 12% -2% 35% 20% -3% Q2 2023 Q2 2024 Organic growth
Slide 8: Growing cash flow from operating activities
INTRODUCTION Q2 - 2025 NEW COMPANIES Growing cash flow from operating activities Cash flow from operating activities (LTM) (SEKm) +22% 173 174 175 165 136 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 • Increased cash flow in Q2 on an LTM basis compared to Q2 2024 but decreased on LTM basis compared to Q1
Slide 9: Stable capital structure with low leverage as a base for further acquisitions
INTRODUCTION Q2 - 2025 NEW COMPANIES Stable capital structure with low leverage as a base for further acquisitions Net debt excl. leasing (SEKm) SEKm 2022 2023 2024 Q2 2025 1.7x 1.2x 0.9x 1.4x Interest bearing debt 340 376 460 501 Cash and cash equivalents 149 190 286 169 332 Net debt excl. leasing
Slide 10: Warwick SASCo
INTRODUCTION Q2 - 2025 NEW COMPANIES Examples of products: Warwick SASCo – A provider of medical hollowware for hospital decontamination, surgery rooms and patient care. Medical product company Pro-forma sales and EBITA margin (GBPm) • Warwick SASCo designs and supplies reusable specialist 7,5 42 pl
Slide 11: LundHalsey - Premium consoles used in control rooms
INTRODUCTION Q2 - 2025 NEW COMPANIES LundHalsey - Premium consoles used in control rooms to monitor mission-critical Examples of products: operations across sectors including broadcast, security, industrial processes and aviation Product company with an attractive market position Pro-forma sales and
Slide 12: Q2 2025 - Both revenue and EBITA increased at the group level
INTRODUCTION Q2 - 2025 NEW COMPANIES Q2 2025 - Both revenue and EBITA increased at the group level, organic growth, a strengthened portfolio through one platform acquisition, and a solid foundation to drive further expansion in 2025 Key take aways: • Solid financial performance in Q2, supported by o
Slide 13: Thanks for listening
Thanks for listening Questions?
Karnell Group AB ser. B — Q2 2025 Earnings Presentation on 6ix