Slides
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INTERIM REPORT Q3, 2026 A stronger business, ready for its next chapter Q3 results and transformation update 21 October 2026
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Agenda Axel Berntsson, President & CEO Q3 highlights Divestment update Continuing operations update Anna Åkerblad, CFO Q3 financial performance Key indicators Axel Berntsson, President & CEO Priorities ahead Q&A
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Q3 highlights Continuing operations. Amounts in parentheses refer to Q3 2025. 831 MSEK (590) +40.7% Net sales 67 MSEK (12) +55 MSEK EBIT 8.1% (2.0%) EBIT margin 70 MSEK (163) -93 MSEK Operating cash flow The comparison with the previous year is significantly affected by a production stoppage at a major customer during the third quarter of 2025.
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Divestments Significant events after the end of the reporting period 1 October 2026 European contract manufacturing operations for the automotive industry: divestment completed. 16 October 2026 Contract manufacturing operations in Tianjin, China: divestment completed. December 2026 Industrial property in Hallstahammar: transfer of possession scheduled.
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Retained business update Precision manufacturing and full-service C-parts. 01 Stable margins in 2026 EBIT margins: Q1 7.6% Q2 8.0% Q3 8.1% 02 Presence in Asia Our growing presence in Asia is also bringing us closer to customers and expanding our exposure to markets with attractive long-term demand. 03 AI opportunities Technology-related applications, including AI infrastructure, where customers need sourcing, manufacturing, quality assurance and supply-chain capabilities.
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Nine-month net sales on par with the previous year Continuing operations Quarterly net sales, MSEKQ3 net sales 831 MSEK Q3 2025: 590 MSEK +40.7% year-on-year* 12-month rolling sales 3,191 MSEK FY 2025: 3,187 MSEK Currency-adjusted Q3 growth: 37.6% January–September: 2,389 MSEK (2,385) 590 Q3 25 802 Q4 25 779 Q1 26 779 Q2 26 831 Q3 26 * A major customer’s Q3 2025 production stoppage significantly affects year-on-year comparisons.
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Profitability remained stable throughout 2026 Continuing operations EBIT margin, %Q3 EBIT 67 MSEK Q3 2025: 12 MSEK +55 MSEK year-on-year* Q3 EBIT margin 8.1% Q3 2025: 2.0% January–September EBIT: 188 MSEK (125) January–September EBIT margin: 7.9% (5.2) 2.0% Q3 25 8.4% Q4 25 7.6% Q1 26 8.0% Q2 26 8.1% Q3 26 * A major customer’s Q3 2025 production stoppage significantly affects year-on-year comparisons.
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Key indicators Metric Oct 2025– Sep 2026 Full year 2025 Return on capital employed, % 11.4 6.6 Net debt (-) / EBITDA -2.5 -4.6 Adjusted net debt (-) / Adjusted EBITDA -2.2 -3.4 Equity/assets ratio, % 23.9 39.7 Equity/assets ratio, excluding leases, % 25.3 44.1 CONTINUING OPERATIONS, 12-MONTH ROLLING Return indicators Capital structure THE GROUP - Capital structure Metric 2026-09-30 2025-12-31 Net debt (−) follows the report’s sign convention. Adjusted net debt excludes lease liabilities. Adjusted EBITDA: adjusted for non-recurring items.
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Financial position and transaction effects Group, SEK million. Balance-sheet date: 30 September 2026 Changes in equity Jan–Sep 2026 Equity at start of period 1,766 Earnings after tax −1,126 Other comprehensive income 124 Transactions with shareholders −32 Equity at end of period 732 Discontinued operations SEK −1,234 million January–September earnings after tax, including a Group impairment charge of SEK −1,181 million. Expected transaction cash effect in Q4 Approximately SEK 545 million Net debt (−): −782 at 30 September 2026, −1,159 at 31 December 2025. Comparatives include discontinued operations. September assets and liabilities held for sale are presented separately.
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Priorities ahead Sustain the improvement in profitability, accelerate profitable growth and convert more of our earnings into cash. 01 Sustain profitability A more favorable business mix, a more competitive cost base, and disciplined operational execution. 02 Accelerate profitable growth Deepen customer relationships and pursue higher-value business. 03 Convert earnings into cash Improving cash conversion remains an important priority. 04 Expand in India Continue expanding our presence in India to increase flexibility and support customers from a broader geographic base.
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Questions?