32 slides from Lagercrantz Group Ab Class B's earnings presentation, May 19, 2026
Slide 1: Year-end Report 2025/26
Year-end Report 2025/26 April 2025 – March 2026 (12 months) May 19, 2026 Jörgen Wigh, CEO Karin Mellegård Djärf, CFO
Slide 2: Tech Group with leading positions in expansive niches
Introduction to Lagercrantz Group Tech Group with leading positions in expansive niches Lagercrantz Group Electrify Control TecSec Niche Products International 17 companies 17 companies 14 companies 20 companies 16 companies 11 countries 9 countries 10 countries 10 countries 8 countries ◼ B2B Tech G
Slide 3: Revenues and profits
Year-end Report 2025/26 Revenues and profits Rolling 12 months, quarterly data 16 000 1 600 15 000 1 500 Towards 14 000 1 400 Profits after financial items, MSEK 2 Billion! 13 000 1 300 12 000 1 200 Net sales, MSEK 11 000 Towards 1 100 10 000 1 Billion 1 000 9 000 900 Organic growth & 8 000 more acq
Slide 4: Q4 - Business conditions
Year-end Report 2025/26 Q4 - Business conditions ◼ The overall market situation continued to be stable in the fourth quarter. ◼ Businesses with exposure to electrification, infrastructure, security and defence showed a particularly good development, while demand in the construction sector remained w
Slide 5: Q4 2025/26 January – March 2026
Year-end Report 2025/26 Q4 2025/26 January – March 2026 ◼ Net revenues up 13% to MSEK 2,825 (2,503) ◼ Acquisitions +12%, organic growth +6%, currency -4% ◼ EBITA up 20% to MSEK 536 (446) ◼ EBITA-margin at 19.0% (17.8) ◼ Cashflow from operations up 20% to MSEK 410 (342) ◼ Profits after financial item
Slide 6: FY 2025/26 April 2025 – March 2026
Year-end Report 2025/26 FY 2025/26 April 2025 – March 2026 ◼ Net revenues up 13% to MSEK 10,609 (9,389) ◼ Acquisitions +13%, organic growth +3%, currency -3% ◼ EBITA up 17% to MSEK 1,923 (1,646) ◼ EBITA-margin at 18.1% (17.5) ◼ Cashflow from operations up 14% to MSEK 1,502 (1,322) ◼ Profits after fi
Slide 7: Outcome by division
Year-end Report 2025/26 Outcome by division 7
Slide 8: Electrify
Comments by division Electrify Year-end Report 2025/26 ◼ Revenues +8% to MSEK 633 (588), of which acquisitions +1%, organically +9% and FX -2%. ◼ EBITA +38% to MSEK 138 (100) i.e., an EBITA-margin of 21.8% (17.0). ◼ Favourable market within both electrification and infrastructure. ◼ Strong quarter w
Slide 9: Control
Comments by division Control Year-end Report 2025/26 ◼ Revenues +9% to MSEK 359 (330), of which acquisitions +10%, organically 3% and FX -4%. ◼ EBITA +15% to MSEK 68 (59) i.e. an EBITA-margin of 18.9% (17.9). ◼ The quarterly result was influenced by successful acquisitions combined with an overall s
Slide 10: TecSec
Comments by division TecSec Year-end Report 2025/26 ◼ Revenues +21% to MSEK 668 (550) of which acquisitions +16%, organically +10% and FX -5%. ◼ EBITA amounted to MSEK 96 (83) i.e., an EBITA-margin of 14.4% (15.1). ◼ The division’s largest company, PcP, and the more construction- related businesses
Slide 11: Niche Products
Comments by division Niche Products Year-end Report 2025/26 ◼ Revenues +1% to MSEK 649 (642) of which acquisitions +10%, organically -4% and FX -5%. ◼ EBITA +3% to MSEK 146 (142) i.e., an EBITA-margin of 22.5% (22.1). ◼ A stable quarter with good profitability in several of the businesses. ◼ Truxor,
Slide 12: International
Comments by division International Year-end Report 2025/26 ◼ Revenues +31% to MSEK 516 (393), of which acquisitions +25%, organically +12% and FX -6%. ◼ EBITA +45% to MSEK 100 (69) i.e., an EBITA-margin of 19.4% (17.6). ◼ The market situation was stable overall and despite negative currency effects,
Slide 13: Return on Working Capital (P/WC) per division
Year-end report 2025/26 Return on Working Capital (P/WC) per division Return on working capital (P/WC) % 2025/26 2024/25 2023/24 Electrify 81 66 62 Control 92 90 75 TecSec 80 98 107 Niche Products 94 83 83 International 82 76 76 GROUP TOTAL 81 79 77 www.lagercrantz.com 13
Slide 14: Net Sales per segment
Year-end Report Net Sales per segment Share of groups Net Sales, percentage 100% = 100% = 100% = 100% = MSEK 7,246 MSEK 8,129 MSEK 9,389 MSEK 10,609 www.lagercrantz.com 14
Slide 15: Vision and financial goals
Vision and financial goals Sustainable supplier of value- adding technologies with market-leading positions in several expansive niches. ❖ Annual profit (EBT) growth >15% At least 1/3 organically and the rest through 8-12 acquisitions per year. ❖ Return on equity (ROE) > 25%. 15
Slide 16: Scale Lagercrantz
Lagercrantz towards Two billion Scale Lagercrantz Organisation & Culture Sustainably deliver M&A opportunities > 15% (N:o & Quality) EBT-growth annually Financing (Free cashflow from operations) www.lagercrantz.com 16
Slide 17: Building 5 divisions
Lagercrantz towards Two billion Building 5 divisions Electrify Control TecSec Niche Products International 17 companies 17 companies 14 companies 20 companies 16 companies 11 countries 9 countries 10 countries 10 countries 8 countries Niched companies Focus Electrification and Security and B2B produ
Slide 18: Updated financial targets
Updated financial targets ◼ Reiterating ◼ Profit growth target of >15%/year ◼ EBT SEK 2 billion within 5 years, communicated in Oct 2023. ◼ EBITA%-target of 20% in 2-3 years. ◼ P/WC >60% (previously >45%) ◼ Target for existing and acquired businesses. ◼ Reiterating ROE target of >25%. www.lagercrant
Slide 19: Aim of 85% proprietary products
Lagercrantz towards Two billion Aim of 85% proprietary products Percentage share of Group sales, moving 12-months based on quarterly data 3 4 4 5 4 4 4 3 3 3 3 2 3 3 2 2 2 2 2 2 5 4 4 3 3 3 3 3 6 5 6 6 6 5 5 8 9 9 8 8 7 5 5 5 5 10 8 10 9 12 14 12 12 13 12 10 15 13 15 14 13 13 13 13 Proprietary produ
Slide 20: Acquisitions
Lagercrantz towards Two billion Acquisitions >90 acquisitions since 2006, including: ◼ Actively acquiring leading B2B Tech 2020 as Group (Niche Products) companies in expansive niches. 2023. Sassenus Packaging (Asept Group, Niche Products) Glova Rail (International) ◼ 8-12 companies per year Supply
Slide 21: I Holland
I Holland ◼ Founded in 1946, I Holland is a world leader in supply of punches, dies and other critical products to tablet producers. I Holland creates innovative solutions to tableting manufacturing problems such as sticking, corrosion, and abrasion. ◼ I Holland is based in Nottingham, England servi
Slide 22: MSSL - Michael Smith Switchgear
MSSL - Michael Smith Switchgear ◼ MSSL is a UK-based designer and manufacturer of bespoke low-voltage switchgear and electrical distribution assemblies, headquartered in Leicester. ◼ The company operates in a niche, engineering-intensive segment with a strong position in customized solutions based o
Slide 23: Nivex Topsafe Group
Nivex Topsafe Group ◼ Nivex Topsafe is a leading manufacturer and distributor of safe storage products such as security cabinets, fire cabinets and safe rooms to private and public customers. ◼ The company has a strong market position in Sweden and adds to the divisions current operations within saf
Slide 24: Hycon
Hycon ◼ Hycon is a leading supplier of high-performance hydraulic tools and power packs for cutting, drilling, and pumping in harsh environments ◼ The company develops and manufactures proprietary hydraulic products, which are sold globally under the Hycon brand. In addition Hycon provides power pac
Slide 25: Financial overview
Year-end Report 2025/26 Financial overview MSEK 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21 21/22 22/23 23/24 24/25 25/26 Net Sales 2 546 2 846 3 057 3 096 3 410 3 932 4 180 4 091 5 482 7 246 8 129 9 389 10 609 EBITA 256 295 355 409 436 519 565 616 895 1 205 1 431 1 646 1 923 EBITA,% 10,1% 10,4%
Slide 26: Lagercrantz Group - Buying & Building Niche Businesses
Lagercrantz Group Buying & Building Niche Businesses www.lagercrantz.com
Slide 27: Board of Directors and Group Management
Appendix Board of Directors Group Mgmt Jörgen Wigh Jonas Ahlberg VD och koncernchef vVD & Head of M&A Fredrik Börjesson Anna Almlöf Styrelseordförande Karin Mellegård Djärf CFO Malin Nordesjö Anna Marsell Division Mgmt Daniel Andersson Andreas Heder Head of Electrify Head of Control Anders Claeson J
Slide 28: The share and owners
The share and owners Owners 2026-03-31 Shares Votes • B-aktien noterad på Nasdaq Anders Börjesson & Tisenhult-gruppen 5.6% 29.0% Stockholm, Large Cap Fidelity Investments (FMR) 9.4% 6.6% • Ticker: LAGR B SEB Investment Fonder 7.3% 5.1% Swedbank Robur Fonder 6.9% 4.8% Lannebo Asset Management 6.2% 4.
Slide 29: Sit Right / Enskede Hydraul
Sit Right / Enskede Hydraul ◼ Sit Right Group is a leading Nordic supplier of seat- levelling systems, grapples, and hydraulic components for forestry and construction machinery. ◼ Sit Right develops and manufactures proprietary products, including levelling systems under the Sit Right brand and gra
Slide 30: Friggeråkers Verkstäder
Friggeråkers Verkstäder ◼ Friggeråker is a leading Swedish manufacturer of sand and salt spreaders sold under the Falköping brand. ◼ The company is market leader in Sweden and Norway, and the key customer segments include road contractors, municipalities, and airports. ◼ Annual revenue of approx. MS
Slide 31: Epoke
Epoke ◼ Epoke is a leading manufacturer equipment for winter road maintenance equipment and road safety, especially for spreading sand and salt. ◼ The company is market leader in Denmark and one of the major suppliers in the European market with strong positions in the Netherlands and Germany. ◼ Ann
Slide 32: Orax
Orax ◼ Orax is a leading Swedish supplier of products for handling and maintenance within the funeral and cemetery sectors. ◼ The product range consists of both in-house manufactured products and traded goods. ◼ The annual turnover is just over MSEK 50 with an EBIT of approximately MSEK 9. ◼ The com