Lindab International Ab · OMXSTO:LIAB
Lindab International Ab — Q1 2025 Earnings Presentation
12 slides from Lindab International Ab's earnings presentation, May 6, 2025
Slide 1: For a better climate – Lindab Group Q1 report
For a better climate TM Lindab Group Q1 report 6 May 2025 Ola Ringdahl President & CEO Lars Ynner CFO
Slide 2: Q1 highlights
Q1 highlights Stable result in a challenging market Q1/25 Q1/24 environment • Highest ever Q1 sales for Ventilation Sales (SEK m) 3,214 3,147 Systems, driven by acquisitions. • Operating profit showed resilience. Organic growth -3% -10% • Challenging market situation in Acquired growth +5% +7% sever
Slide 3: Growth driven by acquisitions
Growth driven by acquisitions Sales per quarter, SEK m SEK m Lindab Group Ventilation Systems SEK m 4 000 3 000 3 500 2 500 3 000 2 000 2 500 1 500 2 000 1 000 1 500 500 1 000 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 500 22 22 22 22 23 23 23 23 24 24 24 24 25 0 SEK m Profile Systems Q1 Q2 Q3 Q4 Q1 Q
Slide 4: Operating profit shows resilience in the quarter
Operating profit shows resilience in the quarter Adj. EBIT per quarter and 12 months Lindab Group Ventilation Systems SEK m % SEK m % 300 18,0% 450 14,0% Adj. EBIT, SEK m 250 15,0% 400 12,0% Adj. EBIT R12 months, % 350 200 12,0% 10,0% 300 150 9,0% 250 8,0% 100 6,0% 200 6,0% 50 3,0% 150 4,0% 100 0 0,
Slide 5: Cash flow according to expectations
Cash flow according to expectations Strong cash flow supports additional acquisitions • Cash flow from operating activities amounted to SEK 160 m (208). • Net debt on stable level at SEK 4,366 m (4,477), of which SEK 1,559 m (1,501) is related to leasing liabilities. • Net debt/EBITDA amounted to 2.
Slide 6: Focus areas 2025
Focus areas 2025 6
Slide 7: Focus areas 2025: priorities for profitable growth
Focus areas 2025: priorities for profitable growth Full Divestments Acquisitions implementation of cost program 7
Slide 8: Ventilation Systems: Structural measures and cost reductions are progressing according to plan
Ventilation Systems: Structural measures and cost reductions are progressing according to plan Full implementation of cost program Action Status (May) Closure of 10 sites for 8 sites closed warehousing, stores and local production Personnel cut involving 180 full- Reduction of 150 FTEs (of which tim
Slide 9: Profile Systems: The exit from Eastern Europe is progressing according to plan
Profile Systems: The exit from Eastern Europe is progressing according to plan Divestments Status, closing and divestments Country Status Czech Rep. ✓ Closed in Q4 Slovakia ✓ Divested (completed 2 April) Estonia ✓ Closed in Q1 Poland Hungary and ✓ Closed in Q1 Expected to be divested in Romania Q2,
Slide 10: Acquisitions of high-quality companies
Acquisitions of high-quality companies Acquisitions Sales* Consolidated RECENT ACQUISTIONS SEK m as of 2025 Ventia 240 H2 2025** 2024 Acomat 80 1 Jan (2025) ATIB 250 2 Oct Venti 120 2 Jul TGA KlimaPartner 50 2 Apr Airmaster 542 1 Mar Vicon 260 8 Feb 1,542 * Annual sales communicated at the time of t
Slide 11: Ready for take-off when the market recovers
Ready for take-off when the market recovers • No immediate impact on Lindab from the uncertainty in the global economy and the risk of trade conflicts. • Ventilation Systems: Market remains challenging. Demand is expected to pick up slowly during H2 2025. • Profile Systems: Early signs of recovery.
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