Slides
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CAG Q3 July – Sept 2026
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Take-Aways from Q3•Continued GrowthRevenue increased by 10.7%, including 0.7% organic growth, supported by improved utilisation and pricing.•Stronger Underlying PerformanceImproving operational momentum and continued recruitment create a stronger platform for profitable organic growth.•Positioned in Resilient Growth MarketsStrong exposure to defence and security, financial services and critical infrastructure, complemented by stronger capabilities in AI, data and cybersecurity.
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ConsistentGrowth and Profitability 422EMPLOYEES>20%RECURRING REVENUE>50%DIVIDEND POLICY(AFTER-TAX PROFIT) 60EXCELLENTeNPS INDEX
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Q3: Continued Growth and Improving Profitability•Revenue 196.4 (177.4) MSEK, +10.7% •Organic growth +0.7% •Acquired growth +10.0%. •EBITA 14.0 (12.3) MSEK, +13% •Adj. EBITA margin 7.1% (7.0%) •Cash flow from operations -7.1 (-6.1) MSEK•After-tax profit 7.5 (7.9) MSEK •EPS 1.02 (1.10) SEK•Average employees 424 (399); 422 (396) at period-end
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YTD: Growth with Continued Focus on Profitability•Revenue 650.4 (621.5) MSEK, +4.6%•Organicgrowth-1.5%•Acquiredgrowth+6.1% •Adj. EBITA margin8.0% (8.5%); Adj. EBITA 51.7 (53.0) MSEK•Cash flowfrom operations 33.2 (38.5) MSEK•After-tax profit 30.3 (33.5) MSEK •Earningsper share4.15 (4.67) SEK•Avg. numberofemployees415 (414), 422 (396) at end ofperiod
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FocusedCustomerSegments (figuresper Q3 2026) Public sector43%Private sector57%percent of total revenue •~300 activecustomers•Defencesegment, 36 (35) percent of revenue•Banking& Finance, 26 (24) percent of revenue•Largestcustomer, 21 (20) percent of revenue•Recurringrevenue, >20 percent•10 largestcustomers, 48 percent of revenue Defence Industry8% Defence Agencies28% Other Public Sector15% Banking & Finance26% Retail & Services10% Industry & Infrastructure 3% Other10%
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Solid CustomerBase
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What WeDo: Specialist Areas TechnologyManagement System Development Training & Methods ManagedIT ServicesCyber Security
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Assignments& Customers •FMV and FMsystems engineering/life cycle management for the Swedish Armed Forces' technical systems. •Defence: FMV, Saab, BAE Systems Bofors, ID06, FMTIS•Banking& Finance: Finansinspektionen, Swedbank Försäkring och Swedbank Hypotek, Länsförsäkringar, Skatteverket, LanneboFonder, Atle, Norges Bank Investment Management (NBIM), AP Fonderna•ManagedIT Service:Major Insurance player, educationalservices customer•Other:CipaxIndustry, Teracom, Region Skåne/Stockholm, Folksam, Scandic, Scania, Örebro Municipality, Post & Telestyrelsen, Regeringskansliet, Epiroc, TobiiDynavox, DIGG FrameAgreement
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•Continuedorganicgrowth•Buildingon improvedutilisation, pricingand positive organicgrowth.•Driving higherprofitability•Focusedon convertinga largershareofrevenuegrowthintoearnings.•Leveragingthe strengthofthe Group•Increasingrevenueand profitabilitythroughcollaborationand capturingopportunitiesacrossCAG•Strong exposure to resilientgrowthmarkets•Defence, financialservices and criticalinfrastructureremainkeyareas ofopportunity.•Continueturning the AI transformation intoopportunity•CombiningAI Capabilitiesand technologywithdeepspecialist and domainexpertise. Outlook 2026
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Peter Strömberg, Group CEO, CAG Grouppeter.stromberg@cag.se-www.cag.se Questions?