Svedbergs Group Ab Class B · OMXSTO:SVED_B
Svedbergs Group Ab Class B — Svedbergs i Dalstorp — Q4 2025 Earnings Presentation
27 slides from Svedbergs Group Ab Class B's earnings presentation, Feb 4, 2026
Slide 1: Svedbergs Group Q4 2025
SVEDBERGS GROUP Q4 2025
Slide 2: Svedbergs Group at a glance
Svedbergs Group at a glance Products within Brands Net sales, SEKm2 bathroom furniture, shower 8 2 253 enclosures, bathtubs, brassware, WCs, mirrors and accessories 4 production EBITA, SEKm2 facilities and sales 344 in 15 countries EBITA-margin2 531 employees1 15,2% 1On average 2025 2The figures ref
Slide 3: Our development
Our development From a well-established market leader in To a well-established market leader in bathroom bathroom products in Sweden furniture in the Nordics and Northern Europe 1920 1962 1997 2016 2020 2021 2023 Today Founded Launch of the first Listing on Nasdaq Acquisition of Acquisition of Acqui
Slide 4: Our business model: Cooperation without confusion
Our business model: Cooperation without confusion Central organisation Cooperation Brand segments Joint management and Synergies Centrally governed Local responsibility Opportunities • Strategy and business development • Purchasing cooperation • Branding and Marketing • Accounting & finance • Leader
Slide 5: Highlights Q4
Highlights Q4 • The fourth quarter showed strong and profitable growth with net sales increasing by 10% organically • Improved profitability with EBITA margin reaching 15,6% • All brand companies contributed to organic sales growth and continued strong positive EBITA trends • Robust free cash flow s
Slide 6: Sustainability highlights Q4
Sustainability Driving sustainable change – Key actions this quarter highlights Q4 • Ecovadis silver medal top 15% for the second year in a row and silver for the third time • Focus on collecting data for GHG protocol scope 1,2 and 3 • Meetings with trade association and consultants for staring proj
Slide 7: Net Sales per segment/geography Q4 2025
Net Sales per segment/geography Q4 2025 • Strong sales in Macro Design SE, Cassøe DK, Roper Rhodes UK and Thebalux NL • Roper Rhodes and Thebalux have changed the market mix, Q4 34% in the Nordics (Q3 26%) • Svedbergs segment seems to be stabilized • Roper Rhodes stands for 47%
Slide 8: Net Sales per segment/geography YTD 2025
Net Sales per segment/geography YTD 2025 • Strong sales in Macro Design SE, Cassøe DK, Roper Rhodes UK and Thebalux NL • Roper Rhodes and Thebalux have changed the market mix, YTD 29% in the Nordics • Svedbergs segment seems to be stabilized • Roper Rhodes stands for 52%
Slide 9: Svedbergs (Dalstorp, Västra Götaland, Sweden)
Svedbergs (Dalstorp, Västra Götaland, Sweden) • Turnover 2025: MSEK 414 • FTE (SE, FI, NO, DK)1: 128 • Geography: Nordic Q4-25 Q4-24 Idx YTD 25 YTD 24 Idx Ext sales 121 102 119 414 393 105 EBITA 13 6 228 28 17 167 EBITA% 11,1 5,8 191 6,8 4,3 158 1 Average YTD 2025
Slide 10: Macro Design (Laholm, Halland, Sweden)
Macro Design (Laholm, Halland, Sweden) • Turnover 2025: MSEK 173 • FTE (SE, NO)1: 42 • Geography: Sweden and Norway Q4-25 Q4-24 Idx YTD 25 YTD 24 Idx Ext sales 50 45 111 173 165 105 EBITA 12 5 222 31 16 190 EBITA% 23,2 11,6 200 17,7 9,8 181 1 Average YTD 2025
Slide 11: Cassøe (Herning, Jylland, Danmark)
Cassøe (Herning, Jylland, Danmark) • Turnover 2025: MSEK 84 • FTE (DK)1: 15 • Geography: Denmark and Norway Q4-25 Q4-24 Idx YTD 25 YTD 24 Idx Ext sales 21 21 102 84 86 97 EBITA 4 4 109 15 17 91 EBITA% 19,4 18,1 107 17,8 19,1 93 1 Average YTD 2025
Slide 12: Roper Rhodes (Bath, UK)
Roper Rhodes (Bath, UK) • Turnover 2025: MSEK 1 164 • FTE (UK, IRE)1: 241 • Geography: UK and Ireland Q4-25 Q4-24 Idx YTD 25 YTD 24 Idx Ext sales 265 275 96 1 164 1 138 102 EBITA 51 60 85 219 214 102 EBITA% 19,4 21,9 89 18,8 18,8 100 1 Average YTD 2025
Slide 13: Thebalux (Zutphen/Veghel, the Netherlands)
Thebalux (Zutphen/Veghel, the Netherlands) • Turnover 2025: MSEK 418 • FTE (NL)1: 101 • Geography: NL, DE, BE Q4-25 Q4-24 Idx YTD 25 YTD 24 Idx Ext sales 101 95 106 418 401 104 EBITA 19 17 112 95 89 106 EBITA% 19,0 18,0 105 22,7 22,3 102 1 Average YTD 2025
Slide 14: Q4 in numbers
Q4in numbers — es
Slide 15: Net Sales development Q4 2025
Net Sales development Q4 2025 • Net sales for the quarter amounted to SEK 557 million (537), corresponding to an increase of 3,7 percent compared to previous year 3,7% • Organic growth 10,0 percent -34 54 557 • Currency negative impact on sales by 537 -6,3 percent Q4 2024 Organic FX Q4 2025
Slide 16: Net Sales development YTD 2025
Net Sales development YTD 2025 • Net sales amounted to SEK 2 253 million (2 184), corresponding to an increase of 3,2 percent compared to previous year 3,2% • Organic growth 6,4 percent -70 2’253 138 • Currency negative impact on sales by 2’184 -3,2 percent YTD 2024 Organic FX YTD 2025
Slide 17: Net Sales Development Q4 2025
Net Sales Development Q4 2025 • Net Sales 3,7 percent higher vs PY • Organic growth for all segments (local currency) • Organic growth for the Group positive with 10,0 percent
Slide 18: Profit & Margins Q4 2025
Profit & Margins Q4 2025 • Gross Margin and EBITA maintained at a good level • High focus on driving growth • High focus on cost control
Slide 19: Profit & Margins YTD 2025
Profit & Margins YTD 2025 • Stronger margins and strategic initiatives drive solid performance • High focus on driving growth • High focus on cost control
Slide 20: Cash flow and Financial position 2025
Cash flow and Financial position 2025 • Strong Cash flow! • Operating activities positive impact Q4 YTD Change Change 2025 2024 SEKm 2025 2024 SEKm • Investments mainly assigned Cash flow from operating activities before changes in working capital 94 74 20 352 265 88 to production equipment, Change
Slide 21: Net debt and leverage Q4 2025
2025 2024 2023 YTD YTD YTD Net Debt, Mkr 797 740 1 102 Net debt and leverage Investments, Mkr 36 61 26 Equity Ratio, % 50 49 34 Return on Capital Employed, % 16,2 15,8 13,9 Q4 2025 Return on equity, % Net Debt/EBITDA 13,9 1,9 12,2 2,0 12,0 3,8 EBITDA R12 416 375 292 EPS 4,07 3,25 3,19 • Increased eq
Slide 22: Net debt excluding IFRS16 Q4 2025
Net debt excluding IFRS16 Q4 2025 • Net debt 326 MSEK (651) • Improved Net debt excluding IFRS16 driven by strong free cash flow • Net Debt/EBITDA ratio improved by decreased Net debt and increased EBITDA • Net Det ratio excluding IFRS16 0.8 (1.7)
Slide 23: Development Net debt and leverage
Development Net debt and leverage • Net Debt ratio Q4/YTD 2025 1.9 (2.0) • IFRS16 adjustments assigned to new Distribution Center in UK, SEK ~360 million.
Slide 24: Outlook and summary
Outlook and summary •Solid organic growth of 10% in Q4 •EBITA of SEK 87 million, representing a margin of 15,6% – strong quarterly margin, YTD EBITA 15,2% •Strong performance across the portfolio – all brand companies shows strong EBITA •Robust business model – The decentralized structure with auton
Slide 25: Questions
Questions • We will now answer questions live and previously sent to ir@svedbergsgroup.com • To participate, please follow the link in the press release from 21 January, which you find on www.svedberggroup.se under Press.
Slide 26: Thank you! Upcoming events
Thank you! Upcoming events Financial calendar 2026 Per-Arne Andersson, CEO Q1 23 April Ann-Sofie Davidsson, CFO AGM 28 April Q2 15 July Q3 22 October
Slide 27: Q&A Per-Arne Andersson CEO
Q&A Per-Arne Andersson CEO Ann-Sofie Davidsson CFO