Troax Group Ab Class A · OMXSTO:TROAX
Troax Group Ab Class A — Q3 2025 Earnings Presentation
13 slides from Troax Group Ab Class A's earnings presentation, Oct 29, 2025
Slide 1: This is Troax – Third Quarter 2025 Presentation
THIS IS TROAX »TROAX GROUP« THIRD QUARTER 2025 PRESENTATION 29th of October, 2025 MARTIN NYSTRÖM, PRESIDENT AND CEO ANDERS EKLÖF, CFO
Slide 2: Summary Q3, 2025
Summary Q3, 2025 Strong in APAC, delayed recovery in Europe, and hesitant Americas • APAC continued strongly – significant growth in all countries • Europe largely continued as in Q2 - overall slow and waiting for recovery • • Some early signs of recovery for the warehousing segment Somewhat lower d
Slide 3: New financial targets for 2030
New financial targets for 2030 PREVIOUS TARGETS NEW FINANCIAL TARGETS > Market growth Sales of 550 MEUR (2030) Sales growth growth through the cycle - corresponding to 15% sales growth (CAGR) 2025 net sales as baseline 20% over the cycle At least 20% over the cycle Profitability Adjusted EBITA margi
Slide 4: Market development Q3 (Order intake, YoY)
Market development Q3 (Order intake, YoY) Total -7% Automotive Warehouse Construction Process Other Total ~15% ~35% ~10% ~10% ~30% 100% Share of sales OI change (2024) (YoY) Northern Europe -7% 79% Southern Europe -4% Americas 16% -26% APAC 5% 66% < -5% -5% to 5% >5%
Slide 5: Order intake development
Order intake development Order intake by quarter (MEUR) Bridge -7% -7% 67,0 62,2 +0% -1% -6% 67,0 OI bridge 62,2 20-Q3 21-Q3 22-Q3 23-Q3 24-Q3 24-Q4 25-Q1 25-Q2 25-Q3 24-Q3 Organic Structure FX 25-Q3 Order intake (MEUR) 62.2 (-7%) NOTE: One-off impact from factory transfer of ~3MEUR
Slide 6: Net sales development
Net sales development Sales by quarter (MEUR) Bridge -7% -7% 69,0 0,5 64,2 -4,4 -0,9 +0% 69,0 -6% -1% 64,2 20-Q3 21-Q3 22-Q3 23-Q3 24-Q3 24-Q4 25-Q1 25-Q2 25-Q2 24-Q3 Organic Structure FX 25-Q3 Sales (MEUR) 64.2 (-7%)
Slide 7: EBITA (adj) development
EBITA (adj) development Adj. EBITA margin (%) 20 25 19,7 16.1% 20 15 17,2 • Sequential improvement to H1 16,1 14,0 14,3 15 • Lower volumes in EMEA and Americas 10 put pressure to the EBITA-margin 10 13,6 • Factory transfer in Europe diluted the 5 10,3 5 EBITA with ~100 bps • Delayed pricing adjustme
Slide 8: Operating cash flow development
Operating cash flow development 25 160 122 140 Free operating cash flow 20 101 120 15 100 12.6 MEUR 80 • Strong cash flow generated from 10 60 operations 12,6 40 5 • Cash conversion rate of 122% 20 0 0 20-Q3 21-Q3 22-Q3 23-Q3 24-Q3 24-Q4 25-Q1 25-Q2 25-Q3 Operating cash flow (MEUR) R3 Cash conversio
Slide 9: Net debt development (excl. IFRS16)
Net debt development (excl. IFRS16) 220 5,0 200 4,5 Financial Net debt / EBITDA 180 4,0 160 3,5 1.0 (R12) 140 3,0 Target: Net debt/EBITDA <2.5 120 2,5 100 2,0 • Net debt kept stable and well below 80 1,5 target 1,0 1,0 60 0,6 0,7 0,7 1,0 0,4 • Significant fire power for acquisitions 40 0,5 20 0,0 20
Slide 10: Financial summary, Q3 2025
Financial summary, Q3 2025 KEY FINANCIALS (MEUR) Q3 2024 Q3 2025 GROWTH (YoY) OI Sales Order intake 67.0 62.2 Organic -6 -6 Sales 69.0 64.2 Structure +/-0 +/-0 Adj. EBITA 13.6 10.3 Organic + structure -6% -6% Adj. EBITA (%) 19.7% 16.1% Currency -1 -1 Net debt / EBITDA 0.9 1.0 Total -7% -7% EPS (adju
Slide 11: Summary Q3, 2025
Summary Q3, 2025 Strong in APAC, delayed recovery in Europe, and hesitant Americas • APAC continued strongly – significant growth in all countries • Europe largely continued as in Q2 - overall slow and waiting for recovery • • Some early signs of recovery for the warehousing segment Somewhat lower d
Slide 12: Troax Group Capital Markets Day 2025 – November 5th
Troax Group Capital Markets Day 2025 – November 5th • Presentation of our business and future ambitions • New financial targets • Meet group management members • Factory tour and product • Q&A • When: 5 November 2025, 12-16 • Where: Hillerstorp, Sweden • More information available @ troax.com
Slide 13: Q&A
i »Q&A