Slide 1: Q2 report
2024 Q2 report Webcast December 4th Roland Kasper, CEO Anders Ulff, CFO 1
Slide 2: Systemair in brief, Second quarter summary, Q2 Financials
Systemair in brief Second quarter summary Q2 Financials Second quarter acquisitions and project highlights Q&A 2
Slide 3: Systemair in brief
Systemair in brief 1974 51 Number of Operating from the core values of simplicity Established at HQ countries with and reliability, our business concept is to in Skinnskatteberg, own sales develop, manufacture and market energy- Sweden companies efficient, high-quality ventilation products. 1,100 18
Slide 4: Strategic update and 50 years celebration
Public Affairs → Joins European Heat Pump Association → Systemair elected to key Strategic update Eurovent positions → Capacity Investments in Lithuania, Germany and Italy. → Systemair acquired PHEM In September, Systemair Engineering SDN BHD, a Germany celebrated its 30th manufacturer of ventilatio
Slide 5: Markets
Markets 15% 16% 12% We have a global and diversified customer base. This provides us with a solid foundation for profitable growth 13% 44% and high resilience. 16 % 44 % 13 % 12 % 15 % Nordic region Western Europe Eastern Europe North America Other markets (16) (46) & the CIS (12) (12) (14) 5 System
Slide 6: Net sales
Net sales +2.6 % 3186 3146 25,0 3037 20,0 Organic 15,0 Growth 10,0 5,0 0,0 Q2 20/21 Q2 21/22 Q2 22/23 Q2 23/24 Q2 24/25 -5,0 -10,0 -1.3 % Growth Q2 Q2 Q2 Organic quarterly growth 2022/2023 2023/2024 2024/2025 Organic growth R12 6 Systemair Q2 | 2024/25
Slide 7: Growth analyze Q2
Total growth -1.3% Growth analyze Q2 3,5 3,0 Organic 2,5 2,0 Organic growth in Nordic Region, 1,5 Eastern Europe, North America and in 1,0 Middle East, Asia and Africa. 0,5 0,0 -0,5 Acquisitions -1,0 -1,5 Small effect from the acquisition of -2,0 Phem Engineering in Malaysia. Organic Aquisitions Cur
Slide 8: Geographic breakdown Q2
Geographic breakdown Q2 Nordic region 2024/25 Change in of which The NO market showed a positive development Aug – Oct during the quarter, while the turnover of the FI and sales Organic 3 mths DK markets decreased. Western Europe Nordic region 572.5 1.1% 4.1% DE, FR and the NL showed negative growth
Slide 9: Operating profit Q2
Operating profit Q2 347 The gross margin amounted to 37.3 percent 322 (33.9). The operating profit for the second quarter 238 amounted to SEK 346.9 million (322.1), which is an increase of 7.7 percent compared to the corresponding period last year. The operating margin amounted to 11.0 percent (10.
Slide 10: Profit after tax Q2
Profit after tax Q2 246 236 Net financial items for the second quarter amounted to SEK –24.7 million (-15.4). Currency effects on long term receivables, 154 loans and bank balances amounted to a net of SEK -7.0 million (+17.9). Interest expenses for the quarter amounted to SEK -19.2 million (-32.2).
Slide 11: Cash flow analysis Q2
Cash flow analysis Q2 Q2 2024/25 Q2 2023/24 Cash flow from 420.0 317.0 operating activities Change in working capital -15.6 115.7 Net investments, excl -80.6 -84.8 acqusitions Free cash flow 323.8 347.9 Net debt 1,019.7 1,456.8 Changes in working capital mainly due to increased inventories +36 (-89)
Slide 12: Acquisitions, events and order highlights
Acquisitions, events and order highlights 12 Systemair Q2 | 2024/25
Slide 13: Delhi Metro Rail Corporation chooses Systemair again for tunnel ventilation
Delhi Metro Rail Corporation choses Systemair again for tunnel ventilation system for phase IV expansion The Delhi Metro, renowned for its efficiency and extensive network, serves as a lifeline for millions of commuters daily in India’s bustling capital, New Delhi. Proper ventilation within the metr
Slide 14: Menerga leads retrofit project for one of Norway's largest water parks
Menerga leads retrofit project for one of Norway's largest water parks The Skien Fritidspark, one of Norway's largest water parks, faced the challenge of rising energy costs and declining efficiency in its Menerga units installed in 2007. Menerga Service was awarded the contract in September 2024. T
Slide 15: TE AR ef
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