Embellence Group Ab · OMXSTO:EMBELL
Embellence Group Ab — Q1 2026 Earnings Presentation
18 slides from Embellence Group Ab's earnings presentation, May 5, 2026
Slide 1: Interim report Q1 2026
PAPPELINA: MONO BLUSH Interim report Q1 2026 JANUARY–MARCH 2026
Slide 2: First quarter 2026
INTERIM REPORT Q1 / QUARTERLY OVERVIE W First quarter 2026 • Net sales amounted to MSEK 201 (202), down 1%. SIGNIFICANT EVENTS Organic growth amounted to 3% and exchange rate DURING THE QUARTER effects had an impact of –4%. • New Managing Director of Cole & Son • The gross margin amounted to 62.8% (
Slide 3: Focus on organic growth and strategic initiatives
INTERIM REPORT Q1 / CEO STATEMENT Focus on organic growth and strategic initiatives Currency-adjusted organic growth for the quarter DIRECT-TO-CONSUMER INITIATIVES Cole & Son also participated in Paris Déco Off, where amounted to +3%, while the strong SEK had a negative YIELD RESULTS they presented
Slide 4: Strategic investments in growth areas
INTERIM REPORT Q1 / CEO STATEMENT STRATEGIC INVESTMENTS IN IMPROVED SERVICE OFFERING FOR GROWTH AREAS THE HOSPITALITY CHANNEL We continue to focus on our strategic initiatives and are During the quarter, we continued to broaden our product seeing increased direct-to-consumer sales and positive offer
Slide 5: Group performance
INTERIM REPORT Q1 / GROUP PERFORMANCE Group performance CONSOLIDATED NET SALES CASH FLOW Net sales for the quarter amounted to MSEK 201 (202), Cash flow from operating activities amounted to MSEK 14 down 1% compared with the year-earlier quarter. (8). Changes in working capital amounted to MSEK –19
Slide 6: Operational performance
INTERIM REPORT Q1 / OPER ATIONAL PERFORMANCE Operational performance BRANDS Net sales in Brands for the quarter amounted to MSEK COLE & SON PAPPELINA 173, down 3% compared with the year-earlier quarter. Cole & Son’s sales for the quarter amounted to MSEK Pappelina’s sales for the quarter amounted to
Slide 7: Other
INTERIM REPORT Q1 / OTHER Other Group ORGANISATION Accounting policies and the basis of calculations are the The number of FTEs on 31 March 2026 was 225 (228). same as the policies applied in the company’s most recent annual report. The carrying amount is a good approxima- RELATED-PARTY TRANSACTIONS
Slide 8: Signatures and assurance
INTERIM REPORT Q1 / SIGNATURES Signatures and assurance The undersigned assure that the interim report provides a true and fair view of the Parent Company and the Group’s operations, financial position and earnings and describes the material risks and uncertainties faced by the Parent Company and th
Slide 9: Condensed consolidated income statement
INTERIM REPORT Q1 / FINANCIAL INFORMATION Condensed consolidated income statement Jan–Mar Jan–Mar Full-year MSEK 2026 2025 2025 Net sales 201 202 765 Cost of goods sold –75 –77 –293 Gross profit 127 126 471 Selling and administrative expenses –103 –99 –383 Other operating income 2 2 6 Other operatin
Slide 10: Condensed consolidated balance sheet and indebtedness
INTERIM REPORT Q1 / FINANCIAL INFORMATION Condensed consolidated balance sheet Indebtedness 31 Mar 31 Mar 31 Dec 31 Mar 31 Mar 31 Dec MSEK 2026 2025 2025 MSEK 2026 2025 2025 Assets Lease liabilities 52 59 54 Intangible non-current assets 312 336 311 Bank overdraft facility — 46 1 Tangible non-curren
Slide 11: Condensed consolidated cash flow statement
INTERIM REPORT Q1 / FINANCIAL INFORMATION Condensed consolidated cash flow statement Jan–Mar Jan–Mar Full-year MSEK 2026 2025 2025 OPERATING ACTIVITIES Operating profit 24 28 91 Adjustments for non-cash items Depreciation and amortisation 11 11 43 Other 3 –4 –9 Cash flow from changes in working capi
Slide 12: Condensed consolidated statement of changes in equity
INTERIM REPORT Q1 / FINANCIAL INFORMATION Condensed consolidated statement of changes in equity MSEK 31 Mar 2026 Opening balance 1 Jan 2026 513 Net profit for the period 18 Other comprehensive income 11 Closing balance 31 Mar 2026 542 MSEK 31 March 2025 Opening balance 1 Jan 2025 538 Net profit for
Slide 13: Condensed Parent Company income statement
INTERIM REPORT Q1 / FINANCIAL INFORMATION Condensed Parent Company income statement Jan–Mar Jan–Mar Full-year MSEK 2026 2025 2025 Net sales 6 4 21 Administrative expenses –10 –8 –32 Operating loss –4 –4 –12 Net financial items –4 2 –3 Loss after financial items –8 –2 –15 Group contributions — — 85 O
Slide 14: Condensed Parent Company balance sheet
INTERIM REPORT Q1 / FINANCIAL INFORMATION Condensed Parent Company balance sheet 31 Mar 31 Mar 31 Dec 31 Mar 31 Mar 31 Dec MSEK 2026 2025 2025 MSEK 2026 2025 2025 Assets Equity and liabilities Deferred tax assets 2 — 1 Share capital 59 59 59 Financial non-current assets 618 618 618 Statutory reserve
Slide 15: Quarterly overview
INTERIM REPORT Q1 / FINANCIAL INFORMATION Quarterly overview GROUP MSEK Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Net sales 191 170 202 202 193 174 195 201 Gross profit 115 103 123 126 120 105 121 127 Gross margin, % 60.1% 60.7% 60.7% 62.0% 61.9% 60.6% 61.8% 62.8% EBITA 25 26 2
Slide 16: Notes
INTERIM REPORT Q1 / FINANCIAL INFORMATION Notes NOTE 1 Earnings per share MSEK Jan–Mar 2026 Jan–Mar 2025 Full-year 2025 Net profit for the period (SEK) Earnings per share before dilution 0.75 1.00 2.93 Earnings per share after dilution 0.75 1.00 2.93 Performance measures used in the calculation of e
Slide 17: Definitions
INTERIM REPORT Q1 / OTHER INFORMATION Definitions NUMBER OF EMPLOYEES NET DEBT/EBITDA Total number of employees included on Embellence Net debt divided by EBITDA, rolling 12 months. Group’s payroll at the end of the period. NET SALES – ORGANIC GROWTH GROSS MARGIN Change in net sales after adjustment
Slide 18: Publication about Embellence Group AB
WALL&DECÒ: MOVIMENTO LIEVE PUBLICATION ABOUT EMBELLENCE GROUP AB This information is information that Embellence Embellence Group, founded in 1905, is a leading Group AB (publ) is obliged to make public European company in interior decoration with a pursuant to the EU Market Abuse Regulation. The fo