Slide 1: Q2 report 2025/26
2025/26 Q2 report Webcast December 4th Roland Kasper, CEO Anders Ulff, CFO 1
Slide 2: Agenda
Agenda 01 Systemair in brief 02 First quarter summary 03 Q2 Financials 04 Sustainability highlights 05 Projects and product launches 06 Q&A 2 Systemair Q2 | 2025/26
Slide 3: Systemair in brief
Systemair in brief 1974 51 Number of Operating from the core values of simplicity Established in countries with and reliability, our business concept is to Skinnskatteberg, own sales develop, manufacture and market energy- Sweden, today HQ companies efficient, high-quality ventilation products. ~1,1
Slide 4: Strategic update Q2
→ Asokdas, Managing Director of Systemair India, elected new Strategic AMCA President update Q2 → Bertrand Poirier, PA Officer NA at Systemair, has been elected Chairman of the Board at Home Ventilating → All time high quarter in sales Institute (HVI) and operating profit → Completion of acquisition
Slide 5: 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 (16) (44) & the CIS (13) (12) (15) 5 System
Slide 6: Net sales Q2 25/26
Net sales 3271 3186 3146 25,0 +8.2 % 20,0 Organic 15,0 Growth 10,0 5,0 0,0 Q2 21/22 Q2 22/23 Q2 23/24 Q2 24/25 Q2 25/26 -5,0 -10,0 +4.0 % Growth Q2 Q2 Q2 Organic quarterly growth 2023/2024 2024/2025 2025/2026 Organic growth R12 6 Systemair Q2 | 2025/26
Slide 7: Growth analyze Q2
Growth analyze Q2 Total growth +4.0% Organic 12,0 10,0 Organic growth in all regions. 8,0 Acquisitions 6,0 Effect from the acquisitions of NADI in 4,0 India. 2,0 Currency 0,0 Organic Aquisitions Currency Strengthened SEK against +8.2% 1.4% -5.6% USD, CAD and EUR 7 Systemair Q2 | 2025/26
Slide 8: Geographic breakdown Q2
Geographic breakdown Q2 Nordic region 2025/26 Aug – Change in of which Sales growth was good in DK, FI and SE, while the NO Oct sales Organic market developed negatively during the quarter. 3 mths Western Europe Nordic region 584.9 2.2% 4.2% DE, IT and the NL showed positive sales development during
Slide 9: Adjusted operating profit Q2
Adjusted operating profit Q2 The gross margin amounted to 37.7 percent 390 (37.3). 347 321 The operating profit for the second quarter 297 amounted to SEK 390.2 million (346.9). The operating margin amounted to 11.9 percent (11.0). Selling and administrative expenses for the quarter amounted to SEK
Slide 10: Profit after tax Q2
Profit after tax Q2 265 247 236 Net financial items for the second quarter 218 amounted to SEK -37,4 million (-24.7). Currency effects on long term receivables, loans and bank balances amounted to a net of SEK -16.3 million (-7.0). Interest expenses for the quarter amounted to SEK -18.8 million (-19
Slide 11: Cash flow analysis Q2
Cash flow analysis Q2 Q2 2025/26 Q2 2024/25 Cash flow from 448.7 420.0 operating activities Change in working capital -121.1 -15.6 Net investments, excl -140.0 -80.6 acqusitions Free cash flow 187.6 323.8 Net debt 1,167.1 1,019.7 Changes in working capital mainly due to increased trade receivables +
Slide 12: Heat Pump Innovation of the Year Award for Menerga CO₂mpass AHU
“Heat Pump Innovation of the Year” Award for Menerga CO₂mpass AHU" Menerga was rewarded for its CO₂mpass air- handling unit with integrated heat pump at the ATMOsphere Europe Summit. The CO₂mpass AHU uses R-744 (CO₂) as a refrigerant; minimal global warming potential, PFAS-free, non-toxic and non-fl
Slide 13: New Mercedes-Benz car factory in Spain
New Mercedes-Benz car factory in Spain → Mercedes-Benz’s second largest car factory is located in Vitoria, Spain. This plant is now being further expanded with brand-new production lines for electric vehicles. → For the new paint shop, Systemair will supply high-performance Geniox air handling units
Slide 14: Energy efficient chemical operations in the port of Antwerp
Energy efficient chemical operations in the port of Antwerp → Systemair has signed a contract with Alfa- Technical Installation, working on INEO’s Project ONE, aiming at becoming one of the most energy-efficient and raw materials efficient olefin complexes in Europe, with minimal environmental impac
Slide 15: = is?) E ie) yy Y > Y
= is?) E ie) yy Y > Y