Slides
Page 1
INTERIM REPORT 1 APRIL – 30 SEPTEMBER 2026 Niklas Stenberg, CEO & Malin Enarson, CFO
Page 2
ADDTECH IN BRIEF +150 COMPANIES IN 20 COUNTRIES AUTOMATION ELECTRIFICATION ENERGY INDUSTRY PROCESS Employees ~5,000 International B2B value proposition in six business areas +150 independent companies offering high-tech products and solutions – primarily to manufacturing and infrastructure sectors Dual growth engine: Organic growth & acquisitions in strategic niches Listed since 2001 Net sales SEK ~23 bn EBITA-margin 16.5% LEADING TECHNICAL SOLUTIONS FOR A SUSTAINABLE TOMORROW 2 SAFETY R12 Q2 2026/2027
Page 3
QUARTER 2 HIGHLIGHTS 3 Solid second quarter with strong order intake and good business momentum Total net sales up 8% of which 2% organic EBITA increased 17% with a strong margin of 16.7% Positive one-off item of SEK 55 million within Safety One acquisition completed during the quarter – one more after closing Group Summary, SEKm Q2 26/27 Q2 25/26 Change Net sales 5,907 5,450 8% EBITA 987 844 17% EBITA-margin % 16.7 15.5 EPS, SEK 2.10 1.80 17% Operating cash flow 717 859
Page 4
QUARTER 2 NET SALES DEVELOPMENT 4 Total net sales up 8% with strong contributions from Automation and Electrification Strongest business momentum during the quarter in electronics, transport, special vehicles and niche segments data halls and defence High customer activity with a strong order intake and a positive book-to-bill
Page 5
QUARTER 2 EBITA DEVELOPMENT 5 Solid earnings trend continues EBITA increased 17% with a margin of 16.7% (15.5) Positive one-off item of SEK 55 million The operative cash flow decreased, and our long- term target P/WC increased to 82% (77)
Page 6
QUARTER 2 BUSINESS AREA DEVELOPMENT 6 MOTION & DRIVES IT & SENSORS BATTERY SYSTEMS MOBILITY POWER PRODUCTS Net sales SEK 964 m (801) 20% EBITA SEK 134 m (87) 54% EBITA-margin 13.9% (10.8) Net sales SEK 1,078 m (822) 31% EBITA SEK 168 m (120) 41% EBITA-margin 15.6% (14.5) Net sales SEK 993 m (972) 2% EBITA SEK 187 m (180) 4% EBITA-margin 18.8% (18.6) Net sales SEK 1,080 m (1,163) -7% EBITA SEK 195 m (224) -13% EBITA-margin 18.1% (19.3) Net sales SEK 1,003 m (936) 7% EBITA SEK 137 m (136) 1% EBITA-margin 13.7% (14.5) Net sales SEK 798 m (763) 5% EBITA SEK 177 m (109) 63% EBITA-margin 22.2% (14.2) Very good business situation Improved demand within engineering, medical and process and continued high order intake in defence Good leverage on earnings and margins from the improved business situation and cost cutting initiatives Very strong sales development Favorable business situation within defence, transport, medical and energy Higher sales volumes, improved mix and solid contributions from acquisitions fueled earnings and margins Strong demand and positive sales development Strong order intake in transmission and distribution – stable in power generation and railway Slight increase in sales despite tough comps improved margins due to a better product mix Challenging business situation and tough comps Stable demand within mechanical, special vehicle and waste – positive in subsea, electronics and data halls Negative effects on earnings and margins from lower sawmill sales volumes The market situation was overall good in the quarter Negative effects from customer hesitation and project postponements remained Good demand within marine, energy and special vehicles – weak in medical and stable in mechanical Good market situation but with clear variations between segments Strong order intake from data halls - weaker within traffic - building and installation unchanged at low levels Positive one-off of SEK 55 m – underlying margins up driven by product mix and cost initiatives AUTOMATION ELECTRIFICATION ENERGY INDUSTRY PROCESS SAFETY
Page 7
PERIOD 1 APRIL – 30 SEPTEMBER SOLID FIRST HALF Net sales increased by 7% to SEK 12,079 m (11,289) The organic growth amounted to 1%, acquired growth amounted to 5% and the positive FX-effect was 1% EBITA increased by 14% and amounted to SEK 2,013 m (1,766) corresponding to an EBITA-margin of 16.7% (15.6) Operating profit increased by 14% and amounted to SEK 1,696 m (1,493) corresponding to an operating margin of 14.0% (13.2) Profit after tax increased by 14% and amounted to SEK 1,212 m (1,061) Cash flow from operating activities amounted to SEK 1,332 m (1,336) Earnings per share amounted to SEK 4.40 (3.80) 7
Page 8
QUARTER 2 CONTINUED POSITIVE MARGIN TREND 8 Operating margin continued to increase, also adjusted for one-offs Stronger gross margin, good product mix and effects from previously implemented cost-saving and restructuring measures Positive effect on profit of SEK 66 m (4) from revaluations of earn-outs. Currency effect from revaluation of balance sheet items somewhat lower than last year One-off costs of approx. SEK 9 m in Safety and SEK 10 m in Industry Overhead costs in relation to sales are overall stable
Page 9
QUARTER 2 SOLID CASH FLOW 9 Good operating cash flow during the quarter, SEK 717 m (859), hampered by an increase in working capital Inventory levels increased during the quarter due to supply chain disruptions and high order intake Inventory levels are still at healthy levels in relation to order backlog even if inventory versus sales increased somewhat Long term target P/WC increased to 82% (77)
Page 10
QUARTER 2 STRONG FINANCIAL POSITION 10 The strong financial position remained with an equity ratio of 40% (38) Continuous profit increase and a good cash flow keep leverage and gearing on low levels − Net debt/EBITDA 1.5 (1.5) − Net debt/equity 0.7 (0.8)
Page 11
QUARTER 2 WELL-FILLED PIPELINE One acquisition completed during the second quarter and one more after closing In total four acquisitions during the fiscal year adding SEK 500 million in turnover With a well filled pipeline and a strong balance sheet we expect to continue to acquire at a high pace going forward *Refers to assessed situation on a full-year basis at the time of acquisition 11 Acquisition Business area Access Net sales, SEKm* Employees* Cubro Acronet GesmbH Automation January 2026 165 37 BCK Holland B.V. and Kramer & Duyvis B.V. Automation January 2026 90 35 Purenviro AS Process January 2026 50 7 Axion AG Industry January 2026 255 28 Kapp Nederland B.V. Process February 2026 155 15 RAMME Electric Machines GmbH Electrification March 2026 415 156 Staka Holding B.V. Safety April 2026 165 60 Nijhuis Engineering B.V. Electrification May 2026 65 23 RTL Materials Ltd. Industry August 2026 140 60 Mechanical Power Transmission Ltd. Industry October 2026 130 57
Page 12
SUMMARY Strong order intake and good business momentum Continued strong earnings growth The international expansion continues – four acquisitions during the fiscal year Well filled order book indicates positive development in the coming quarters Uncertainty remains due to the prevailing geopolitical situation 12
Page 13
Q&A