Orthex Oyj · OMXHEX:ORTHEX
Orthex Oyj — H1 2025 Earnings Presentation
23 slides from Orthex Oyj's earnings presentation, Aug 21, 2025
Slide 1: Half-Year Financial Report January–June 2025
HALF-YEAR FINANCIAL REPORT January–June 2025 21 August 2025 Alexander Rosenlew, CEO Saara Mäkelä, CFO Hanna Kukkonen, CMSO
Slide 2: Content
Content 1. Introduction to Orthex 2. January-June 2025 in brief 3. Strategy 4. Financials 5. Q&A HALF-YEAR FINANCIAL REPORT | JANUARY–JUNE 2025 | 21 AUGUST 2025
Slide 3: A leading Nordic houseware company with strong brands and sustainable products
A leading Nordic houseware company with strong brands and sustainable products 8 sales organisations >40 customer countries 3 factories (incl. warehouses) >90% own brands ~300 employees (FTE) Sustainability focus
Slide 4: Mission to make everyday life easier
Mission to make everyday life easier STORAGE KITCHEN HOME & GARDEN (69% of sales1)) (20% of sales1)) (11% of sales1)) Functional and award-winning design Long-lasting high-quality products Forerunner in sustainability ~ 10% of sales from new launches 1) Invoiced sales split by product category (LTM)
Slide 5: January–June 2025 in brief
JANUARY–JUNE 2025 IN BRIEF Half-year financial report January–June 2025
Slide 6: CEO comments on Q2 2025
CEO comments on Q2 2025 Operating environment remained challenging due to continued low consumer confidence Strong sales growth in Europe, cautious customer behaviour in the Nordics In the Rest of Europe, very strong sales growth through improving distribution, successful new product launches and
Slide 7: Q2 2025: Strong sales growth in Europe, Nordic consumer demand still challenging
Q2 2025: Strong sales growth in Europe, Nordic consumer demand still challenging Net sales and Invoiced sales Net sales decreased by 2.3% to EUR 20.5 million (21.0) Invoiced Sales growth in Rest of Europe 22.1% In the Nordics, some customers have been cautious in their buying patterns resultin
Slide 8: H1 2025: Net sales decreased by 3.5% and adjusted EBITA was EUR 3.4 million
H1 2025: Net sales decreased by 3.5% and adjusted EBITA was EUR 3.4 million Net sales Net sales decreased by 3.5% to EUR 41.5 million (43.0) Invoiced sales decreased by 3.4% and totalled EUR 43.1 million (44.6) Adjusted EBITA Adjusted EBITA was EUR 3.4 million (4.3) Adjusted EBITA margin was
Slide 9: Invoiced sales by geography
Invoiced sales by geography Invoiced sales by geography quarterly, EUR million Invoiced sales by geography, EUR million 20 40 18 17,2 34,7 15,9 35 33,2 16 30 14 12 25 10 20 8 15 6 5,1 9,5 9,5 4,2 10 4 2 5 0,2 0,2 0,3 0,4 0 0 Nordics Rest of Europe Rest of the world Nordics Rest of Europe Rest of the
Slide 10: Invoiced sales by product category
Invoiced sales by product category Invoiced sales by product category quarterly, EUR million Invoiced sales by product category, EUR million 16 35 13,4 13,5 29,0 14 30 28,1 12 25 10 8 20 6 4,7 4,4 15 3,5 3,3 4 9,5 8,5 10 6,0 6,5 2 0 5 Storage Kitchen Home & Garden 0 Storage Kitchen Home & Garden 4-6
Slide 11: Strategy
STRATEGY Half-year financial report January-June 2025
Slide 12: Clear growth strategy to deliver objectives
Clear growth strategy to deliver objectives 4 Market consolidation #1 storage 3 brand in 2 Europe 1 Accelerating Accelerating growth in the growth through international the online retail markets through channel ~€90m Solid actions to strong customer ~€86m keep winning collaboration A leading ~€84m i
Slide 13: Sustainability news during Q2 2025
Showing the way in sustainability Sustainability news during Q2 2025 Materiality assessment Orthex conducted a sustainability materiality assessment with key stakeholders during the spring. The assessment was conducted in accordance with the CSRD following the principles of double materiality
Slide 14: Strategy in Action - Maintain a high innovation rate
Maintain a high innovation rate Strategy in Action - Maintain a high innovation rate HALF-YEAR FINANCIAL REPORT | JANUARY–JUNE 2025 | 21 AUGUST 2025
Slide 15: Financials
FINANCIALS Half-year financial report January–June 2025
Slide 16: Net sales and profitability
Net sales and profitability Net sales quarterly, EUR million Adjusted EBITA quarterly, EUR million 26 3,5 23,9 3,0 24 22,8 3,0 2,9 2,8 22,0 22 21,0 21,0 20,5 2,5 20 2,0 1,7 1,7 18 2024 2024 1,6 2025 1,5 2025 16 14 1,0 12 0,5 10 0,0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 In Q2 2025, the Group’s Net sales decrease
Slide 17: Development of raw material price indexes
Development of raw material price indexes 2 500 € Raw material index prices Propylene (C3) Contract EUR/t ICIS 3rd LOW (PPC) EUR/t Stable market conditions 2 000 € A slight decrease in raw material prices in the range of normal fluctuation in index prices 1 500 € during Q2 European raw materia
Slide 18: Investments & net debt
Investments & net debt Net debt, EUR million & Leverage Investments in tangible and intangible assets, EUR million 45 3,0 1,4 40 1,2 2,5 1,2 1,1 35 2,4 1,0 1,0 0,9 30 2,0 2,0 0,7 25 0,8 1,6 20 1,4 1,5 1,4 1,4 1,5 1,3 1,3 1,2 0,6 0,4 15 1,0 0,4 10 0,5 0,2 5 - - - Q1 Q2 Q3 Q4 Q1 2023 Q2 2023 Q3 2023 Q
Slide 19: Long-term financial targets
Long-term financial targets Target Description Latest reported SALES Total growth of >5% “An over time annual organic net sales -3.5% total growth to exceed 5 per cent on a Group level, GROWTH Outside Nordics >10% and 10 per cent outside the Nordic region” 0.0% outside Nordics* “Improving EBITA marg
Slide 20: Summary
SUMMARY STRONG SALES GROWTH IN EUROPE CAREFUL CONSUMERS
Slide 21: Q&A
Q&A www.investors.orthexgroup.com
Slide 22: Key Figures
Key Figures Key Performance Indicators EUR million 4-6/2025 4-6/2024 Change 1–6/2025 1–6/2024 Change 2024 Invoiced sales 21.2 21.6 -1.7% 43.1 44.6 -3.4% 92.3 Net sales 20.5 21.0 -2.3% 41.5 43.0 -3.5% 89.7 Gross margin 5.8 5.7 1.8% 11.6 12.4 -6.2% 25.7 Gross margin, % 28.1% 27.0% 27.9% 28.7% 28.6% EB
Slide 23: Practical is Beautiful
orthex” Practical is Beautiful