Studsvik Ab · OMXSTO:SVIK
Studsvik Ab — Q3 2026 Earnings Presentation
28 slides from Studsvik Ab's earnings presentation, Oct 23, 2026
Slide 1: Studsvik Group Interim Report Q3 2026
Studsvik Group Interim Report Q3 2026 Karl Thedéen, President and CEO Peter Teske, CFO 23 October, 2026
Slide 2: Karl Thedéen, President and CEO
Karl Thedéen President and CEO Studsvik Interim Report Q3 2026
Slide 3: About the Studsvik Group
About the Studsvik Group Providing services to the nuclear industry through the entire lifecycle, from new build to final disposal NET SALES GLOBAL SALES IN MORE THAN LOCAL OFFICES IN 883 MILLION SEK 2025 15+ COUNTRIES 500 EMPLOYEES WORLDWIDE 6 COUNTRIES IN ALL REGIONS Studsvik Interim Report Q3 202
Slide 4: The markets we serve
The markets we serve New Build Long-Term Operation • Fuel and materials testing • Fuel and materials testing • Waste planning for licensing • Planned outage and maintenance • Fuel planning (Software) • Software for fuel management • SMR project development • Safety systems • Waste treatment Decommis
Slide 5: Studsvik Group and Business Areas Q3
Studsvik Group and Business Areas Q3 STUDSVIK GROUP 227 10.7 % 3.3 % net sales Q3 2026, MSEK growth in local currencies Adj. operating margin Q3 2026 % OF NET SALES GROWTH OPERATING MARGIN DECOMMISSIONING & RADIATION PROTECTION SERVICES 40 % 2.6 % 9.9 % FUEL, MATERIALS & WASTE MANAGEMENT TECHNOLOGY
Slide 6: Studsvik in a nutshell – one platform, two return profiles
Studsvik in a nutshell – one platform, two return profiles T H E C A S H - G E N E R AT I N G C O R E – Q U A L I T Y O F T O D AY ’ S B U S I N E S S 01 02 03 04 05 80 YEARS OF INDEPENDENT GLOBAL CUSTOMER FULL END-TO-END RARE LISTED PIONEERING TRUSTED AND FOOTPRINT SERVICE OFFERING PUREPLAY EXCELLE
Slide 7: Key milestones Q3
Key milestones Q3 1 G ro w th in all th ree b u sin ess areas 5 1.2 GW Swedish new build project N et sales up 10.7% in lo cal currencies to S EK 227 m illio n Agreement with GE Vernova Hitachi and Samsung C&T, signed in Stockholm on 3 September 2 DRPS demand keeps rising C usto m ers in G erm any i
Slide 8: Key steps in Q3 developing our asymmetric upside
Key steps in Q3 developing our asymmetric upside Studsvik Interim Report Q3 2026
Slide 9: Stockholm, 3 September 2026
Stockholm, 3 September 2026 “STUDSVIK, GE VERNOVA HITACHI AND SAMSUNG C&T COMMIT TO ADVANCING 1.2 GW NUCLEAR POWER PROJECT IN SWEDEN” Studsvik Interim Report Q3 2026
Slide 10: What we signed
What we signed 1.2 GW 4 2 2035+ Expected Capacity BWRX-300 Reactors, Candidate Sites, First Unit Targeted From The First Project Phased Buildout Both Ours, Both New Second Half of 2030s BWRX-300 moving ahead globally: the first unit is under construction at Darlington, Canada, with grid connection t
Slide 11: A world-class delivery consortium
A world-class delivery consortium – built for speed and platform delivery Provides technology and the South Korean investment firm, to engineering and documentation join as a project investor and works required to license the design. Leads on the financing structure. design and cost estimation. Join
Slide 12: Halden, Norway, 16 October 2026
Halden, Norway, 16 October 2026 “STUDSVIK SIGNS LANDMARK AGREEMENT TO MANAGE NORWAY’S LEGACY SPENT NUCLEAR FUEL”
Slide 13: Studsvik signs landmark deal with Norwegian Nuclear Decommissioning
Studsvik signs landmark deal with Norwegeian Nuclear Decommissioning A decades-longanchor contract for Studsvik 1 A whole country’ Most of Norway’ s legacy fuel s spent fuel from six decades of nuclear research – transported, treated and stored at Studsvik 2055 Agreement term 2 Decades of contracted
Slide 14: Stockholm, 21 October 2026
Stockholm, 21 October 2026 "STUDSVIK AND RENU INDUSTRIES PARTNER TO BRING INDRUM WASTE TREATMENT TECHNOLOGY TO FUKUSHIMA”
Slide 15: inDRUM – making waste disposable
inDRUM demonstration facility, Nyköping in D R U M – m ak in g waste d isp o sab le Patented therm al treatm ent o f rad io active waste in the d rum 1 W h at in D R U M d o es • M akes waste that canno t b e d isp o sed o f in its current fo rm d isp o sab le • Treats waste insid e the d rum – no s
Slide 16: Asymmetric upside – the four growth drivers in detail
Asymmetric upside – the four growth drivers in detail 06 07 08 09 EXISTING FLEET NEW BUILD ADVANCED NUCLEAR HEALTHCARE AND INDUSTRY THE DRIVER Global installed base needing life- Swedish new-nuclear energy Next-generation fission and fusion; Isotopes and radioactive-knowledge extension beyond 60 yrs
Slide 17: Peter Teske, Chief Financial Officer
Peter Teske Chief Financial Officer Studsvik Interim Report Q3 2026
Slide 18: Growth in all Business Areas
Growth in all Business Areas SALES GROWTH Q3 OPERATING PROFIT Q3 FREE CASH FLOW Q3 10.7% 7.2 MSEK −35.3 MSEK In local currencies. Sales: 227.4 MSEK Q3 2025: 13.2 MSEK* Q3 2025: 17.3 MSEK YTD sales: 700.8 MSEK (+7.9%) YTD: 28.8 MSEK (2025: 50.2) YTD: −107.3 MSEK Business performance Earnings and comp
Slide 19: Business Area financial results – Decommissioning & Radiation Protection Services
Business Area financial results D E C O M M I S S I O N I N G & R A D I AT I O N P R O T E C T I O N S E R V I C E S Decommissioning and Radiation Quarter 9 months Jan- Dec Protection Services Q3 20 26 Q3 20 25 20 26 20 25 20 25 Sales, SEK m illion 92.8 90 .7 273.7 266.7 342.2 Op erat ing p ro f it
Slide 20: Business Area financial results – Fuel, Materials & Waste Technology
Business Area financial results F U E L , M AT E R I A L S & WA S T E T E C H N O L O G Y Fuel, Materials and Waste Quarter 9 months Jan- Dec Technology Q3 20 26 Q3 20 25 20 26 20 25 20 25 Sales, SEK m illion 83.1 79.5 296.1 284.5 390 .7 Op erating p ro fit, SEK m illion 4.4 9.3 37.7 42.9 62.9 36 %
Slide 21: Business Area financial results – Studsvik Scandpower
Business Area financial results STUDSVIK SCANDPOWER Quarter 9 months Jan- Dec Studsvik Scandpower Q3 20 26 Q3 20 25 20 26 20 25 20 25 Sales, SEK m illion 54.8 38.7 141.4 120 .5 164.5 Op erat ing p ro f it , SEK m illion 9.2 7.8 12.4 21.4 29.6 24 % MSEK sales Q3 2026 Op erat ing p ro f it 16.8 20 .3
Slide 22: Negative working capital reduced Q3 cash flow
Negative working capital reduced Q3 cash flow Q3 2026 · SEK million TOTAL Customer advances As expected, advances declined as +16.4 prepaid FMWT projects progressed 0 −41.5 Investments −35.3 Equipment and facilities within FMWT −10.1 Cash flow discipline Operating cash flow Change in Investing Total
Slide 23: Karl Thedéen, President and CEO
Karl Thedéen President and CEO Studsvik Interim Report Q3 2026
Slide 24: Growth in all business areas, partnership advancing nuclear power in Sweden
Growth in all business areas, partnership advancing nuclear power in Sweden and landmark agreement • Net sales growth of 10.7 per cent in local currencies • DRPS: rising demand, led by Germany • FMWT: hot-cell capacity expanded; NND landmark agreement secures work to 2055 • Scandpower: strong growth
Slide 25: Vision: Studsvik site
Data Center Vision: Studsvik site A I V I S U A L I S AT I O N Small Modular Reactors (SMR) Fusion Test Facility Hot-Cells InDRUM-facility Nordic Isotope Center and Test Reactor Intermediate storage NND spent fuel Studsvik Interim Report Q3 2026
Slide 26: Thank you Q&A
Thank you Q&A Karl Thedéen, President and CEO Peter Teske, CFO 23 October, 2026
Slide 27: Forward-looking statements
This presentation may contain forward-looking statements. Such statements are based on our current expectations and are subject to certain risks and uncertainties that could negatively affect our business. Please read our most recent annual report for a better understanding of these risks and uncert
Slide 28: Studsvik Interim Report Q3 2026
Studsvik Interim Report Q3 2026