Slide 1: Interim Report Q2 2026
Interim Report Q2 2026 1 April – 30 June Friday, July 17, 2026 1
Slide 2: Presenters
Presenters Samuel Alteborg Irene Wisenborn Bellander Group President & CEO CFO & Deputy CEO 2
Slide 3: Agenda
AGENDA • This is Alligo • Highlights Q2 2026 • Update • Tools Finland • ReCare • Financials • Summary and outlook • Q&A 3
Slide 4: This is Alligo
This is This is Alligo Alligo 4
Slide 5: Alligo – a leading player in workwear, personal protection, tools and supplies in the Nordic region
Alligo – a leading player in workwear, personal protection, tools and supplies in the Nordic region 9,818 2,484 234 MSEK Revenue Employees Stores Revenue Adj EBITA Revenue by geographic segment by geographic segment by brand category 37 19% 15% 18% 61 stores stores 13% 136 72% stores 26% 55% 82% SE
Slide 6: An integrated Nordic business = 78% of sales
An integrated Nordic business = 78% of sales – Two strong concept brands in three markets • A scalable platform with clear synergies Sales by channel • Shared functions (logistics, IT and ERP systems, legal structure, 2026 YTD pricing system and range) 4% Industry store* • Supports flexibility and s
Slide 7: Non-integrated companies = 22% of sales
Non-integrated companies = 22% of sales – Adding strategic value • Selected product and technology areas with strong specialist expertise Non-integrated revenue • Operate stores under own brands supporting 2026 YTD differentiated customer offerings growth by product and technology area • Can leverag
Slide 8: Highlights Q2
This is Alligo Highlights Q2 8
Slide 9: Q2 2026 – Business conditions
Q2 2026 – Business conditions Macroeconomic Market Proactive Delivery factors situation management capacity • Continued geopolitical • Stable, uneven • Strong sales focus • Good and stable uncertainty, limited direct across segments: in all countries • Cost consciousness impact on Alligo - Sweden –
Slide 10: Q2 2026 in brief
Q2 2026 in brief – Organic growth, improved EBITA and stronger cash flow Revenue Organic growth Operating cash flow +5.7% Stable demand, continued Industrial 1.3% Acquisition- driven growth 338 recovery in Finland of 1.4% MSEK (150) Adjusted EBITA Adjusted EBITA margin Gross margin 187 Increased vol
Slide 11: Q2 2026 – Highlights
Q2 2026 – Highlights Sales Operations Acquisitions • Defence-driven demand • Executed cost reductions • Completed the acquisitions of and stabilised store traffic and improved organisational Svets & Robotteknik i (SMEs) efficiency Småland AB and • Increased share of Svetsexperten i Kalmar AB • Optim
Slide 12: Update
This is Alligo Update • Tools Finland • ReCare 12
Slide 13: Tools Finland
Tools Finland – Efficiency program progress with structural and commercial actions • Strong organic growth from industrial recovery and SMEs Q2 2026: • Two closed stores and almost completed Adjusted EBITA margin phase-out of two large customers improved profitability and margin 7.0% (4.6) • Efficie
Slide 14: How ReCare is driving growth and strategic value
UPPDATERAD På remiss hos Jenny F How ReCare is driving growth and strategic value • Drives sales of own brands and standardisation while strengthening Strengthens Alligo’s recurring customer relationships. sustainability offering • Expands customer reach, increases • Extends garment lifetime retenti
Slide 15: ReCare expanding across the Nordics
ReCare expanding across the Nordics - Highlights since launch 2025 • Successfully launched in Sweden, Finland and Norway. Customer Cases • From pilot project to an established • Swisslog (SE) 260 employees Nordic service offering. + Improved service levels • Growing demand from both existing and low
Slide 16: Financials
This is Alligo Financials 16
Slide 17: Improved profitability in Sweden and Finland
Improved profitability in Sweden and Finland – Slight organic growth, improved gross margin, and cost savings Revenues and EBITA Highlights Q2 2026 • Revenue increased by 5.7% 2026 2025 2026 2025 ̶ Organic growth of 1.3% MSEK Apr-Jun ∆, % Apr-Jun Jan-Jun ∆, % Jan-Jun ̶ Acquisition-driven growth of 1
Slide 18: Q2 - Increased share of own brands in the integrated business
Q2 - Increased share of own brands in the integrated business Sweden Norway Finland* 9% (9) 6% (8) SALES BY CHANNEL SALES BY CHANNEL Industry store SALES BY CHANNEL Industry store 29% (27) Non- 5% (2) Non- 29% (28) integrated 51% (53) 20% (19) integrated Non-integrated companies In-store (SME) 42% (
Slide 19: Sweden Norway Finland
Sweden Norway Finland MSEK MSEK MSEK 14,0 800 6,0 600 8,0 1 600 12,0 5,0 10,0 600 6,0 1 200 4,0 400 8,0 800 400 3,0 4,0 6,0 4,0 2,0 200 400 200 2,0 2,0 1,0 0 0,0 0 0,0 0 0,0 Q2 2024 Q2 2025 Q2 2026 Q2 2024 Q2 2025 Q2 2026 Q2 2024 Q2 2025 Q2 2026 Revenue, MSEK Non-integrated Adj.EBITA% Revenue, MSEK
Slide 20: Improved operating cash flow in Q2 compared to last year
Improved operating cash flow in Q2 compared to last year – Increased EBITDA, and decreased working capital Cash flow Highlights Q2 2026 2026 2025 2026 2025 • Improved cash flow from operating activities MSEK ∆ ∆ Apr-Jun Apr-Jun Jan-Jun Jan-Jun due to increased EBITDA and decreased Operating activiti
Slide 21: Strong financial position
Strong financial position – Continued reduction in leverage Overview of the financial position Highlights Q2 2026 30 Jun 30 Jun 31 Dec • Ratio of net operational liabilities MSEK 2026 2025 2025 to EBITDA (excl. IFRS 16) of 2.1 Non-current interest 2,952 3,230 3,156 ̶ Continued reduction in leverage
Slide 22: Summary & outlook
This is Alligo Summary & outlook 22
Slide 23: Q2 2026 in summary
Q2 2026 in summary • Positive quarter with improved EBITA, stronger cash flow and continued Q2 2026 organic growth. Revenue • Finland recovery progressing well with effective operational improvements. 2,611 MSEK (2,470) • Customers remain cautious, Adjusted EBITA margin demand focused on daily needs
Slide 24: Outlook for second half 2026
Outlook for second half 2026 – Sales focus, improve execution and drive further growth • Leading market position supported by a compelling offering and strong own brands Alligo is a • Sales focus to expand customer well-managed base across all markets company with • Potential to enhance execution, d
Slide 25: Q&A
This is Alligo Q&A 25
Slide 26: Appendix
This is Alligo Appendix 26
Slide 27: YTD 2026 – Increased share of own brands in the integrated business
YTD 2026 – Increased share of own brands in the integrated business Sweden Norway Finland* 10% (9) 6% (8) SALES BY CHANNEL SALES BY CHANNEL Industry store SALES BY CHANNEL Industry store 28% (26) Non- 5% (2) Non- 27% (27) integrated 51% (53) 20% (20) integrated Non-integrated companies In-store (SME
Slide 28: Sweden Norway Finland
Sweden Norway Finland MSEK MSEK MSEK 1 500 6,0 1 250 6,0 3 500 12,0 5,0 1 000 5,0 3 000 10,0 2 500 1 000 4,0 4,0 8,0 750 2 000 3,0 3,0 6,0 1 500 500 4,0 500 2,0 2,0 1 000 2,0 1,0 250 1,0 500 0 0,0 0 0,0 0 0,0 YTD 2024 YTD 2025 YTD 2026 YTD 2024 YTD 2025 YTD 2026 YTD 2024 YTD 2025 YTD 2026 Revenue, M
Slide 29: Performance in 2026 in relation to financial targets
Performance in 2026 in relation to financial targets 29
Slide 30: Performance in 2026 in relation to sustainability targets
Performance in 2026 in relation to sustainability targets 30
Slide 31: Five reasons to invest in Alligo
Five reasons to invest in Alligo 1 2 3 4 5 Market Scalable Own brands Sustainable Leader in the growth and platform a increase and consolidation resilient foundation competitiveness long-term process on customer for continued and business the Nordic segments growth profitability model markets 31
Slide 32: Read more at alligo.com/en/report/q2-2026
Read more at alligo.com/en/report/q2-2026