Slides
Page 1
FINANCIAL REPORT 1 April – 30 September 2026 21 October 2026 Magnus Söderlind – CEO Peter Schön - CFO 1
Page 2
HIGHLIGHTS Second Quarter 2026/2027 2 Market conditions cautious ❖ Increasing costs (raw material, energy, freight, CBAM) compensated by price increases ❖ The market within construction and industry slowly recover ❖ Slow summer, pick up in September Continued Earnings, Margin, Return and EPS Improvement ❖ Turnover MSEK 1,222 (8% growth) ❖ Adjusted EBITA +9%. 27 consecutive quarters with improved profit ❖ Adjusted EBITA margin 11.9% (11.8) ❖ Return (P/WC) increased 2 percentage unit to 38% ❖ EPS R12 (adjusted) improved to SEK 8.85 (8.30) after dilution
Page 3
Annual Revenue EBITA P/WC Division MSEK % % Safety Modus Gauges Technology 25 >>>15 >45 Safety DataLase Technology 50 >>15 >>45 Safety A1S Technology 110 >>>15 >>>45 Machinery & All Coating Industrilackering* Equipment 25 >>>15 >>>45 Håva-Skyltar** Safety 17 >>>15 >>>45 Technology Total 227 ONE ADD-ON ACQUISITION IN Q2 2026/2027 Q3 Q4 Q1 * Add-on acquisition current platform Uveco ** Add-on acquisition current platform Collinder Q2
Page 4
27 CONSEQUTIVE QUARTERS WITH INCREASED EBITA MSEK % 4 37 57 64 66 68 73 78 81 84 88 91 84 103 104 105 107 110 116 119 120 121 125 130 133 135 139 142 145 0 20 40 60 80 100 120 140 0 2 4 6 8 10 12 14 Q3 19/20 Q4 Q1 20/21 Q2 Q3 Q4 Q1 21/22 Q2 Q3 Q4 Q1 22/23 Q2 Q3 Q4 Q1 23/24 Q2 Q3 Q4 Q1 24/25 Q2 Q3 Q4 Q1 25/26 Q2 Q3 Q4 Q1 26/27 Q2 EBITA EBITA % 94
Page 5
NET SALES - ORGANIC GROWTH IN ALL DIVISIONS EXCEPT PPE & UTILITIES Revenue per quarter 800 900 1,000 1,100 1,200 1,300 1,400 Q1 21/22 Q2 Q3 Q4 Q1 22/23 Q2 Q3 Q4 Q1 23/24 Q2 Q3 Q4 Q1 24/25 Q2 Q3 Q4 Q1 25/26 Q2 Q3 Q4 Q1 26/27 Q2 Revenue Revenue Trend Quarterly Revenue, % 0 2 6 8 Organic Currency Acquisitions/ Divestments Actual MSEK 5
Page 6
GROSS MARGIN REMAIN ON A GOOD LEVEL DIVESTMENTS, ORGANIC IMPROVEMENTS AND MIX Gross margin per quarter 30 35 40 45 50 55 Q1 21/22 Q2 Q3 Q4 Q1 22/23 Q2 Q3 Q4 Q1 23/24 Q2 Q3 Q4 Q1 24/25 Q2 Q3 Q4 Q1 25/26 Q2 Q3 Q4 Q1 26/27 Q2 GM GM Trend Revenue per type of products Rolling 12 months % 6 72% 74% 80% 83% 28% 26% 20% 17% 31 Mar 2024 31 Mar 2025 31 Mar 2026 30 Sep 2026 Other Products Own Proprietary Products
Page 7
IMPROVEMENT CONTIUNES IN ALL THREE TARGET AREAS 7 EBIT EBIT- margin P/WC 500 MSEK >10% 45% 216 236 189 247 298 339 372 399 418 429 500 0 100 200 300 400 500 600 17/18 18/19 19/20 20/21 21/22 22/23 23/24 24/25 25/26 2609 R12 Target 5.6 6.0 4.7 5.7 6.5 7.1 7.9 8.0 8.4 8.5 10 0 2 4 6 8 10 12 17/18 18/19 19/20 20/21 21/22 22/23 23/24 24/25 25/26 2609 R12 Target 20 22 16 20 22 21 26 31 36 38 45 0 10 20 30 40 50 17/18 18/19 19/20 20/21 21/22 22/23 23/24 24/25 25/26 2609 R12 Target Adjusted for non-recurring items
Page 8
EPS CONTINUES TO IMPROVE 8 1.50 1.45 1.60 1.60 1.80 1.85 1.85 2.00 2.05 1.80 2.05 1.90 1.70 1.80 1.95 1.70 1.95 1.95 1.95 2.25 2.05 2.00 2.15 2.25 2.10 2.35 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00 9.00 Q1 20/21 Q2 Q3 Q4 Q1 21/22 Q2 Q3 Q4 Q1 22/23 Q2 Q3 Q4 Q1 23/24 Q2 Q3 Q4 Q1 24/25 Q2 Q3 Q4 Q1 25/26 Q2 Q3 Q4 Q1 26/27 Q2 EPS Q R12 SEK
Page 9
INVENTORY LEVEL – INCREASING IN COMPANIES WITH GROWTH ❖ Inventory amounted to MSEK 1,142 (1,075) ❖ Organic inventory increased by 50 MSEK which relates to companies starting to see market upturn. ❖ ITO increased slightly 9 0.0 1.0 2.0 3.0 700 800 900 1,000 1,100 1,200 1,300 1,400 1,500 1,600 Q1 21/22 Q2 Q3 Q4 Q1 22/23 Q2 Q3 Q4 Q1 23/24 Q2 Q3 Q4 Q1 24/25 Q2 Q3 Q4 Q1 25/26 Q2 Q3 Q4 Q1 26/27 Q2 Inventory R12 ITO R12 MSEK ITO
Page 10
CASH FLOW FROM OPERATING ACTIVITIES – SLIGHTLY ABOVE PLAN ❖ Cash flow operating activities MSEK 130 (112) ❖ Slightly above plan 10 94 57 110 -36 79 50 59 145 179 176 207 94 187 87 207 28 182 112 125 74 190 130 -50 0 50 100 150 200 250 Q1 21/22 Q2 Q3 Q4 Q1 22/23 Q2 Q3 Q4 Q1 23/24 Q2 Q3 Q4 Q1 24/25 Q2 Q3 Q4 Q1 25/26 Q2 Q3 Q4 Q1 26/27 Q2 Cashflow Cash flow Trend MSEK Cash flow per quarter
Page 11
SLIGHTLY INCREASED NET DEBT ❖ Operational Net Debt MSEK 1,610 (1,424) ❖ Net Debt/EBITDA 2.6 (2.5) ❖ Dividend 112 MSEK ❖ Acquisitions R12 MSEK 366 ❖ Acquisition target remains intact 11 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 Q1 21/22 Q2 Q3 Q4 Q1 22/23 Q2 Q3 Q4 Q1 23/24 Q2 Q3 Q4 Q1 24/25 Q2 Q3 Q4 Q1 25/26 Q2 Q3 Q4 Q1 26/27 Q2 Operational Net Debt ND / EBITDA excl IFRS 16 MSEK ND/EBITDA
Page 12
❖ Revenue increased 5 percent to MSEK 415 (394) ❖ Increase in 6 out of 9 of the division’s companies ❖ Nordic picking up, UK sluggish ❖ EBITA increased by 16 percent to MSEK 65 (56) ❖ Essve strongest contributor ❖ EBITA margin increased to 15.7 percent (14.2) ❖ 6 companies on or above group level CORE SOLUTIONS Increased revenue, including organically, as well as profit, profit margin, and return 12 50 80 110 140 170 200 230 260 Q4 23/24 Q1 24/25 Q2 Q3 Q4 Q1 25/26 Q2 Q3 Q4 Q1 26/27 Q2 EBITA R12 400 700 1,000 1,300 1,600 1,900 2,200 Q4 23/24 Q1 24/25 Q2 Q3 Q4 Q1 25/26 Q2 Q3 Q4 Q1 26/27 Q2 Revenue R12 0 3 6 9 12 15 18 Q4 23/24 Q1 24/25 Q2 Q3 Q4 Q1 25/26 Q2 Q3 Q4 Q1 26/27 Q2 EBITA % R12 MSEK MSEK Focus driving organic growth in companies to strengthen margins and returns alongside acquisitions
Page 13
SAFETY TECHNOLOGY Increased revenue, including organically, as well as profit, profit margin, and return 13 0 3 6 9 12 15 18 Q4 23/24 Q1 24/25 Q2 Q3 Q4 Q1 25/26 Q2 Q3 Q4 Q1 26/27 Q2 EBITA % R12 400 600 800 1,000 1,200 1,400 1,600 Q4 23/24 Q1 24/25 Q2 Q3 Q4 Q1 25/26 Q2 Q3 Q4 Q1 26/27 Q2 Revenue R12 50 80 110 140 170 200 230 Q4 23/24 Q1 24/25 Q2 Q3 Q4 Q1 25/26 Q2 Q3 Q4 Q1 26/27 Q2 EBITA R12 ❖ Revenue increased 25 percent to MSEK 346 (277) ❖ Primarily acquisitions - organic performance more mixed ❖ Fire Safety, Signage, and Safety Equipment double digit growth ❖ 10 out of 12 companies had revenue growth ❖ EBITA increased by 38 percent to MSEK 51 (37) ❖ 7 out of 9 double digit growth- all 3 acquisitions perform ❖ Cresto biggest organic profit growth contributor ❖EBITA margin increased to 14.7 percent (13.4) ❖Collinder, a subsidiary within the Signage (SIS) cluster, acquired Håva-Skyltar. MSEK MSEK Focus driving organic growth in companies to strengthen margins and returns alongside acquisitions
Page 14
MACHINERY & EQUIPMENT Increased revenue, including organically, as well as profit, profit margin, and return ❖ Revenue increased 13 percent to MSEK 115 (102) ❖ Recovered after a weak first quarter ❖ Sheet metal-, Heat&Welding-, and Measure Equipment growth , ❖ Building Equipment still weak ❖ EBITA increased 44 percent to MSEK 13 (9) ❖ All companies profitable ❖ EBITA margin increased to 11.3 percent (8.8) ❖ Margin improvement opportunities ❖ Majority of companies below group margin 14 0 3 6 9 12 15 18 Q4 23/24 Q1 24/25 Q2 Q3 Q4 Q1 25/26 Q2 Q3 Q4 Q1 26/27 Q2 EBITA % R12 200 400 600 800 1,000 Q4 23/24 Q1 24/25 Q2 Q3 Q4 Q1 25/26 Q2 Q3 Q4 Q1 26/27 Q2 Revenue R12 20 40 60 80 100 120 140 Q4 23/24 Q1 24/25 Q2 Q3 Q4 Q1 25/26 Q2 Q3 Q4 Q1 26/27 Q2 EBITA R12MSEK MSEK Initial focus is to restore and strengthen margins and returns, followed by complementary acquisition
Page 15
PPE & UTILITIES Lower earnings, margins, and returns ❖ Revenue totalled MSEK 344 (350)– Flat adjusted for divestment ❖ Luna and Teng Tools held back by weak demand, particularly in Norway ❖ Skydda's integration new owner temporarily reduced PPE sales, while new direct customers are strengthening the PPE company's long term. ❖ EBITA totalled MSEK 18 (30) ❖ Most of the division’s product companies within PPE continued to perform well ❖ Restructuring cost remaining Skydda business (BBSafety) 7 MSEK ❖ EBITA margin totalled 5.2 percent (8.6) ❖ Luna still on low single digit ❖ Majority of division companies at or above group level 15 0 3 6 9 12 15 Q4 23/24 Q1 24/25 Q2 Q3 Q4 Q1 25/26 Q2 Q3 Q4 Q1 26/27 Q2 EBITA % R12 1,000 1,200 1,400 1,600 1,800 2,000 2,200 2,400 Q4 23/24 Q1 24/25 Q2 Q3 Q4 Q1 25/26 Q2 Q3 Q4 Q1 26/27 Q2 Revenue R12 50 80 110 140 170 200 230 Q4 23/24 Q1 24/25 Q2 Q3 Q4 Q1 25/26 Q2 Q3 Q4 Q1 26/27 Q2 EBITA R12 MSEK MSEK Develop existing companies to improve margins and returns. Acquisitions not near-term priority
Page 16
WHAT WE ALWAYS DO ❖ Profit expansion over revenue growth ❖ B&B Focus Model guides capital allocation company-by-company ❖ Group support – B&B Tool Box ❖ Acquisition of highly profitable B2B companies with leading positions in growing niche markets TOWARDS THE TARGET 500/TEN/45 ALBEIT WITH SEVERAL QUARTERS OF DELAY 16 CURRENT GROUP THEMES ❖ Inventory (ITO) back to ‘pre-corona’ levels & continued profit expansion ❖ Gross margin protection incl, price adjustments ❖ Capitalize when a stronger underlying market UNDERLYING MARKET ❖ Geopolitical uncertainty and an unpredictable economic environment ❖ Indication emerging cost inflation - increasing material, production and freight costs
Page 17
Contact Investor Relations Calendar Peter Schön +46 70 339 89 99 ir@bb.se 5 February 2027 Interim Report 1 April – 31 December 2026 17 14 May 2027 Financial Report 1 April 2026 – 31 March 2027
Page 18
SHAPING GREAT COMPANIES SINCE 1906