Kreate Group Plc · OMXHEX:KREATE
Kreate — Q1 2026 Earnings Presentation
19 slides from Kreate's earnings presentation, Apr 27, 2026
Slide 1: Order backlog nearly EUR 700 million – record-high Q1 revenue and EBITA reflect a new scale
ORDER BACKLOG NEARLY EUR 700 MILLION – RECORD-HIGH Q1 REVENUE AND EBITA REFLECT A NEW SCALE MIKKO LAINE, CFO 27 APRIL 2026 KREATE GROUP PLC / INTERIM REPORT JANUARY-MARCH 2026
Slide 2: Record-high order backlog provides long-term visibility
RECORD-HIGH ORDER BACKLOG PROVIDES LONG-TERM VISIBILITY ▪ Q1 exceptionally strong start to the year ▪ Strong operational performance ▪ Order backlog grew to a new level ▪ Acquisition: integration of operations progressing as planned ▪ Revenue EUR 98 million, growth of 86% ▪ Revenue record during the
Slide 3: Large core projects in the order backlog provide work for years ahead
LARGE CORE PROJECTS IN THE ORDER BACKLOG PROVIDE WORK FOR YEARS AHEAD Kuva: Väylävirasto Havainnekuva: Vantaan kaupunki TAMPERE PASSENGER RAIL YARD KURKELA-KUUSISTO VANTAA TRAMWAY, EAST SECTION JUNATIE METRO BRIDGE Execution contract Design and execution contract EUR Development phase: second phase
Slide 4: Order backlog development in the first quarter
ORDER BACKLOG DEVELOPMENT IN THE FIRST QUARTER Unannounced Q1 revenue 31 March 2026: additions* 98 MEUR 689 MEUR 136 MEUR Announced additions: 31 Dec 2025: 251 MEUR 400 MEUR • Tampere 152 M€ • Kurkela-Kuusisto 78 M€ • Malminkartano 9 M€ • Kannelmäki 8,5 M€ • Norway 3,5 M€ * Unannounced additions: pr
Slide 5: KFS Finland Oy reported as a subsidiary as of 1 April 2026
KFS FINLAND OY REPORTED AS A SUBSIDIARY AS OF 1 APRIL 2026 ▪ KFS Finland Oy is the market leader in specialist foundation construction in Finland, and it is owned equally by Kreate and Keller ▪ Kreate will have financial control of KFS Finland Oy going forward as a result of changes to the sharehold
Slide 6: Strategy in action during the first quarter of 2026
STRATEGY IN ACTION DURING THE FIRST QUARTER OF 2026 WE MUST: We have continued recruiting professionals – at the end of March we 1 already had nearly 750 employees, and once again a large number of BE THE BEST PLACE FOR THE BEST trainees will join us for the summer. Those who joined Kreate through I
Slide 7: Strategic steps through Q1 wins
STRATEGIC STEPS THROUGH Q1 WINS Strategic entry into the Norwegian market Joint project of railway and rock construction Projects won to the development phase Kreate Sverige has signed an agreement with The extensive nearly EUR 9 million renovation Kreate has signed a development phase agreement for
Slide 8: A large number of major projects in the market
A LARGE NUMBER OF MAJOR PROJECTS IN THE MARKET STRONG GROWTH DRIVERS BEHIND THE DEVELOPMENT INDUSTRIAL INVESTMENTS TRANSPORT INVESTMENTS CLASSIFIED PROJECTS The private sector is highly active, The public sector is investing in Confidential projects related to particularly in data center and critica
Slide 9: Execution phases have started – outlook positive
EXECUTION PHASES HAVE STARTED – OUTLOOK POSITIVE DEVELOPMENT OF THE MARKET MARKET OUTLOOK OUTLOOK SUITABLE TO KREATE Q1/26 < 6 MONTHS > 6 MONTHS (MANAGEMENT ASSESSMENT) FINLAND Market situation Very strong Bridge construction Stronger than usual Normal Rock construction Weaker than usual Foundation
Slide 10: Order backlog at a record level – half for the coming years
ORDER BACKLOG AT A RECORD LEVEL – HALF FOR THE COMING YEARS ▪ The order backlog at the end of March was EUR 689.0 million Order backlog Q1/24 – Q1/26, EUR million ▪ Change from the end of December: +71.9% ▪ Change year-on-year: 205.3% ▪ In Q1 2026, new projects worth EUR 337 million were recorded, i
Slide 11: Financial guidance for 2026
FINANCIAL GUIDANCE FOR 2026 UPDATED ON 30 MARCH 2026 Kreate estimates that its revenue in 2026 will grow and be EUR 510–550 million (2025: EUR 315 million) and its EBITA will grow and be EUR 18–22 million (2025: EUR 10.2 million). Basis for the guidance: The beginning of the year for the Kreate Grou
Slide 12: First quarter revenue at a record high
FIRST QUARTER REVENUE AT A RECORD HIGH Revenue, EUR million Revenue distribution 1-3/2026 86.1 % -3.6 % change from the same quarter in the previous year 12
Slide 13: EBITA increased significantly from the comparison period
EBITA INCREASED SIGNIFICANTLY FROM THE COMPARISON PERIOD ▪ In January–March, EBITA increased EBITA, EUR million ▪ EBITA in euros EUR 1.5 (0.1) million and ▪ Relative profitability 1.6% (0.1%) ▪ Compared to the comparison period, profitability was supported by higher volume ▪ Front-loaded growth inve
Slide 14: Net working capital increased – still at an excellent level
NET WORKING CAPITAL INCREASED – STILL AT AN EXCELLENT LEVEL Free cash flow from operating activities, EUR million ▪ Operating cash flow: ▪ January–March: EUR -7.0 (6.0) million ▪ Change in net working capital weakened cash flow by EUR 11.4 million during the first quarter and improved cash flow by E
Slide 15: Net debt increased due to the change in net working capital
NET DEBT INCREASED DUE TO THE CHANGE IN NET WORKING CAPITAL Interest-bearing net debt (EUR million) and equity ratio (%) ▪ Kreate’s interest-bearing net debt on 31 March 2026 was EUR 44.7 (31 March 2025: 24.4) million ▪ The most significant factor behind the year-on-year increase in net debt was the
Slide 16: Interest-bearing debt – maturity and average interest
INTEREST-BEARING DEBT – MATURITY AND AVERAGE INTEREST Loan portfolio on 31 March 2026, EUR million Repayment schedule for interest-bearing debt* on 31 March 2026, EUR million Average interest of interest- bearing debt, excluding lease liabilities recognised in the balance sheet 4.2 % * excluding lea
Slide 17: Key figures
KEY FIGURES EUR million 1-3/2026 1-3/2025 1-12/2025 Order backlog 689.0 225.7 400.8 Revenue 97.6 52.4 315.2 EBITDA 3.9 1.7 17.9 EBITDA, % 4.0% 3.2% 5.7% EBITA 1.5 0.1 10.2 EBITA, % 1.6% 0.1% 3.2% Operating profit 1.5 0.0 10.0 Operating profit, % 1.5% 0.0% 3.2% Result for the period 1.0 0.1 6.7 Retur
Slide 18: The future is built today
THE FUTURE IS BUILT TODAY
Slide 19: Kreate's shareholders on 31 March 2026
KREATE’S SHAREHOLDERS ON 31 MARCH 2026 SHAREHOLDERS BY SECTOR Shareholder Shares % of shares 1 Harjavalta Oy 1 783 689 19.85 2 Tirinom Oy 1 000 000 11.13 Public org. 3 Ilmarinen Mutual Pension Insurance Company 425 000 4.73 13,2 % 4 Valtonen Seppo Timo Johannes 361 526 4.02 International 5 Varma Mut