Orthex Oyj · OMXHEX:ORTHEX
Orthex Oyj — Q1 2025 Earnings Presentation
24 slides from Orthex Oyj's earnings presentation, May 15, 2025
Slide 1: Interim Report January–March 2025
INTERIM REPORT January–March 2025 15 May 2025 Alexander Rosenlew, CEO Saara Mäkelä, CFO Hanna Kukkonen, CMSO
Slide 2: Content
Content 1. Introduction to Orthex 2. January-March 2025 in brief 3. Strategy 4. Financials 5. Q&A Q1 INTERIM REPORT | JANUARY–MARCH 2025 | 15 MAY 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 (68% of sales1)) (21% 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–March 2025 in brief
JANUARY–MARCH 2025 IN BRIEF Interim Report January–March 2025
Slide 6: CEO comments on Q1 2025
CEO comments on Q1 2025 Lower sales and profitability in uncertain market conditions Tough business climate continued during the first months of the year The growing geopolitical and macroeconomic challenges resulted in very low consumer confidence across all our markets and influenced our first q
Slide 7: Q1 2025: Negative consumer sentiment affected sales and profitability
Q1 2025: Negative consumer sentiment affected sales and profitability Net sales and Invoiced sales Net sales decreased by 4.7% to EUR 21.0 million (22.0) Invoiced sales decreased by 4.9% to EUR 21.8 million (22.9) Negative consumer sentiment affected retail customers’ purchasing volumes across
Slide 8: Invoiced sales by geography & product category
Invoiced sales by geography & product category Invoiced sales by geography, EUR million Invoiced sales by product category, EUR million 20 18 17,5 17,3 15,6 18 16 14,5 16 14 14 12 12 10 10 8 8 5,3 6 4,7 6 4,3 4,1 4 3,2 4 2,6 2 2 0,1 0,1 0 0 Nordics Rest of Europe Rest of the world Storage Kitchen Ho
Slide 9: Strategy
STRATEGY Interim report January-March 2025
Slide 10: 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 11: Celebrating SmartStore Classic: 30 years of storing memories
Clear category strategy Growth through strong in-store visibility – focusing on storage Celebrating SmartStoreTM Classic: 30 years of storing memories Q! INTERIM REPORT | JANUARY–MARCH 2025 | 15 MAY 2025
Slide 12: Ambiente fair in Frankfurt
Ambiente fair in Frankfurt
Slide 13: Sustainability news during Q1
Showing the way in sustainability Sustainability news during Q1 Recognitions In January, Orthex was ranked in 7th place among the Nasdaq Helsinki small- cap companies in the Nordic Business Diversity Index examining the diversity of senior leadership in Nordic listed companies. Reporting Orthe
Slide 14: Strategy in Action - Maintain a high innovation rate
Maintain a high innovation rate Strategy in Action - Maintain a high innovation rate Q1 INTERIM REPORT | JANUARY–MARCH 2025 | 15 MAY 2025
Slide 15: Financials
FINANCIALS Interim report January–March 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 2,5 20 2,0 1,7 18 2024 1,6 2024 2025 1,5 2025 16 1,0 14 12 0,5 10 0,0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 In Q1 2025, the Group’s Net sales decreased by Ad
Slide 17: Development of raw material price indexes
Development of raw material price indexes Normal fluctuation in index prices during Q1 The cost inflation in Europe increased the price pressure on raw material manufacturers European raw material suppliers are balancing their capacity to defend prices Geopolitical uncertainty might affect i
Slide 18: Investments & net debt
Investments & net debt Investments in tangible and intangible assets, EUR million Net debt, EUR million & Leverage 1,4 45 3,0 1,2 40 1,2 1,1 2,5 1,0 35 2,4 1,0 0,9 30 2,0 2,0 0,8 0,7 25 1,5 1,6 1,5 20 1,4 1,4 1,3 1,3 1,2 0,6 15 1,0 0,4 10 0,5 0,2 5 - - - Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 20
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 -4.7% total growth to exceed 5 per cent on a Group level, GROWTH Outside Nordics >10% and 10 per cent outside the Nordic region” -17.2% outside Nordics* “Improving EBITA ma
Slide 20: Reporting dates 2025
Reporting dates 2025 Orthex will publish its financial reports in 2025 as follows: 21 August 2025: Half-year financial report January–June 2025 13 November 2025: Interim report January–September 2025 Q1 INTERIM REPORT | JANUARY– MARCH 2025 | 15 MAY 2025
Slide 21: Summary
SUMMARY FULL FOCUS ON SALES GROWTH NEGATIVE CONSUMER SENTIMENT
Slide 22: Q&A
Q&A www.investors.orthexgroup.com
Slide 23: Key Figures
Key Figures Q1 INTERIM REPORT | JANUARY–MARCH 2025 | 15 MAY 2025
Slide 24: Practical is Beautiful
orthex” Practical is Beautiful