Embellence Group Ab · OMXSTO:EMBELL
Embellence Group Ab — Q1 2025 Earnings Presentation
13 slides from Embellence Group Ab's earnings presentation, May 6, 2025
Slide 1: Embellence Group
embelleace GROUP
Slide 2: Today's presenters
Today’s presenters Johan Andgren Karin Lidén CEO CFO embellence GROUP
Slide 3: Continued improved profitability
Q1 2025 Continued improved profitability Net sales, MSEK EBITA, MSEK EBITA Margin 202 (214) 32 (34) 16.0% (15.7) * Negative sales growth of -6% (including +1% from exchange rates), affected by the extraordinary strong comparison quarter for the Artscape business. * Gross margin improved with 3.7 p.p
Slide 4: Segment highlights
Ql 2025 Segment highlights Brands (-9%) Manufacturing (+39%) * Sales growth negative impacted by the * Strong growth continues extraordinary strong comparison quarter for the Artscape business * Sales growth mainly attributable to a continued * Bordstapeter and Cole & Son returned increase in income
Slide 5: • • • -9% • 2% • 7% 141 23 25 -4% 93 94
• • • 179 197 -9% 674 693 • 79 78 2% 274 273 • 39 36 7% 144 141 23 25 -4% 93 94 11 12 -4% 46 46 • 25 46 -45% 118 139 24 17 39% 91 85 202 214 -6% 766 778
Slide 6: Cole & Son
Cole &7 Son’ London design week March 2025 Launch of the first Classic Collections to celebrate 150th anniversary, comprising of designs that have lived within the archive since the house’s founding in 1875 embelleace GROUP
Slide 7: Bordstapeter and Boras Tapetfabrik
pai o BA AA BORASTAPETER -BORAS TAPETFABRIK- * Celebrating 120 years * Waldemar Andrén started producing wallpaper in Boras in 1905, the company that is now Bordstapeter and Boras Tapetfabrik. * Vallmo from early 1900s - both in traditional printed version and digital made to measure. embelleace — G
Slide 8: Wall&decò
Wall&decd * Successful exhibition at Salone del Mobile and Fuirisalone in Milan, * Showcasing d.ecodura™, AQUABOUT and a new essentional collection * Many exhibitors and visitors
Slide 9: Q1 2025 Financials
Q1 2025 FINANCIALS Strong gross margin and improved EBITA margin Sales growth Gross margin EBITA Margin Op. Cash Flow 6% 62.0% 16.0% 5 MSEK - fo) . fo) . fo) Jon-March 2025 Jan-March 2024 a MSEK R12 2024 Net sales 202 214 766 778 Gross profit 126 125 466 466 Gross margin (%) 62.0 58.3 609 599 EBITA
Slide 10: New bank agreement with new partner
Q1 2025 FINANCIALS New bank agreement with new partner Operating Cash Flow (MSEK) & Net Debt/ EBITDA 125 2.5 * Continued strong Operating Cash Flow (R12) at 103 MSEK 100 2.0 * Net Debt/EBITDA at 0.7x 75 1.5 * New bank agreement with better terms and more flexibility 50 1.0 25 0.5 0 0.0 Q2 Q3 Q4 Ql Q
Slide 11: Net sales and EBITA development
Q1 2025 FINANCIALS Net sales and EBITA development Net sales and Net sales R12 (MSEK) EBITA (MSEK) & EBITA Margin (%) 250 1000 40 20% 200 800 32 16% {| Hl 150 600 24 12% 100 400 16 8% 50 200 8 4% 10) 10) 0 0% Q2 Q3 Q4 QI Q2 Q3 Q4 QI Q2 Q3 Q4 QI Q2 G3 4 Ql 23 23 23 24 24 24 24 25 23 23 23 24 24 24 24
Slide 12: Summary & Looking ahead
Summary & Looking ahead Q1 2025: Continued improved profitability * Sales growth in large wallpaper brands, while Artscape impacted by tough comparison quarter * Improved gross margin and EBITA margin thanks to product mix and manufacturing efficiencies * New bank agreement with more flexibility and
Slide 13: Q&A
Q&A embelleace GROUP