Slide 1: Q3 report 2025/26
2025/26 Q3 report Webcast March 5th Robert Larsson, CEO Anders Ulff, CFO 1
Slide 2: Systemair in brief
Systemair in brief 1974 51 Established in Number of Operating from the core values of simplicity Skinnskatteberg, countries with and reliability, our business concept is to Sweden, today HQ own sales develop, manufacture and market energy- companies efficient, high-quality ventilation products. ~1,1
Slide 3: Strategic update Q3
→ Succesful completion of our Strategic largest ever IT project update Q3 → Ongoing structural changes in major markets → Successful Systemair Days in → Organic growth of 1%. Karachi, Pakistan, together with Volatile quarter with currency our local partner headwind → Nearly 700 partners joined our →
Slide 4: Markets
Markets 15% 16% 11% We have a global and diversified customer base. This provides us with a 13% solid foundation for profitable growth 45% and high resilience. 16 % 45 % 13 % 11 % 15 % Nordic region Western Europe Eastern Europe North America Other markets (17) (43) & the CIS (12) (12) (16) 4 System
Slide 5: Net sales
Net sales 3,042 25.0 +1.0 % 20.0 Organic 2,827 2,862 15.0 Growth 10.0 5.0 0.0 Q3 20/21 Q3 21/22 Q3 22/23 Q3 23/24 Q3 24/25 Q3 25/26 -5.0 -10.0 -5.9 % Growth Q3 Q3 Q3 Organic quarterly growth 2023/2024 2024/2025 2025/2026 Organic growth R12 5 Systemair Q3 | 2025/26
Slide 6: Growth analyze Q3
Growth analyze Q3 Total growth -5.9% Organic 04 03 02 Organic growth in Western and 01 Eastern Europe. 00 - 01 Acquisitions - 02 - 03 Effect from the acquisitions of NADI in - 04 India. - 05 - 06 - 07 Currency Organic Aquisitions Currency +1.0% 1.8% -8.7% Strengthened SEK against several currencies
Slide 7: Geographic breakdown Q3
Geographic breakdown Q3 Nordic region 2025/26 All markets in the region developed negatively during Change in of which Nov – Jan sales Organic the quarter except for SE, which was at the same level 3 mths as the corresponding period last year. Nordic region 494.7 -13.7% -10.5% Western Europe UK, ES
Slide 8: Adjusted operating profit Q3
Adjusted operating profit Q3 The gross margin amounted to 36.3 percent 274 (35.3). The operating profit for the third quarter 207 213 199 amounted to SEK 224.2 million (201.4). The operating margin amounted to 7.8 percent (6.6). Operating profit included a capital gain on the sale of property in Nor
Slide 9: Profit after tax Q3
Profit after tax Q3 Net financial items for the third quarter 170 amounted to SEK -34.1 million (-17.3). 135 132 Currency effects on long term receivables, loans and bank balances amounted to a net of SEK -15.1 million (-3.2). Interest expenses for the quarter amounted to SEK -16.5 million (-15.8).
Slide 10: Cash flow analysis Q3
Cash flow analysis Q3 Q3 2025/26 Q3 2024/25 Cash flow from 241.2 240.5 operating activities Change in working capital 177.5 -34.2 Net investments, excl -90.3 -151.7 acqusitions Free cash flow 328.4 54.6 Net debt 849.0 981.5 Changes in working capital mainly due to decreased trade receivables -267 (-
Slide 11: Europe's largest fitness franchise
Europe’s largest fitness franchise → An agreement signed with Europe’s largest fitness franchise available in 12 countries → Starting in 2026, Geniox air handling units will be installed at fitness clubs in the Netherlands, Belgium, Luxembourg, France, Germany and Spain. → Geniox air handling units
Slide 12: MSG Arena in Milano
MSG Arena in Milano → To the new MSG arena in Milano, Systemair provided an almost complete ventilation and safety system, containing custom ventilation, air distribution, and fire safety systems valued around €1.5 million. → The arena is designed to switch between a freezing ice rink to a concert h
Slide 13: CEO First impressions & observations
CEO First impressions & observations → Strong culture, entrepreneurial spirit and dedicated people → Indoor air quality and energy efficiency – Sustainability is a natural part of our business → Well invested with a broad product portfolio and strong manufacturing operations → It’s now time for reac
Slide 14: Systemair
& systemair