Slides
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2025-11-28 1 Q3 Report 2025 January – September Magnus Andersson, CEO Michael Grindborn, CFO
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2025-11-28 2 KB Components in brief KB Components is a leading global supplier of high-tech and sustainable polymer components. KB Components was founded in 1947 and has since developed into a globally recognized player with operations in Sweden, Finland, Estonia, Lithuania, Slovakia, Germany, United States, Canada, India and China. Our vision is to be a world leader in technologically advanced and sustainable polymer products. The company’s three overarching goals are growth, profitability and employee engagement, within which the company works actively to become one of the world’s best plastics companies! Our main customer segments are in the automotive, electronics and general industries, where we offer technologically advanced and innovative solutions as well as the development of polymeric components that are sold to the market’s most demanding customers. With production facilities and offices in multiple locations around the world, we can quickly and efficiently deliver products to our customers, no matter where they are. We are always close to our customers, which allows us to understand their needs and provide them with the best possible service.
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STRATEGY Technological Leadership Operational Excellence Global Presence The KB Components Group Headquarter: Örkelljunga (Sweden) Employees: +2.000 Productions Sites: Örkelljunga/Gislaved/Reftele (Sweden), Nurmijärvi (Finland), Tallinn (Estonia), Kaunas (Lithuania), Zilina (Slovakia), Zweibrücken/Lichtenau/Wannweil (Germany), Dallas (USA), Puebla/ Irapuato (Mexico), Windsor (Canada), New Dehli (India) and Wuxi (China) GOALS Profitability (EBIT): + 10% Growth: +10% per year Job satisfaction and engagement: +75%
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2025-11-28 4 Quarter 3 update The third quarter is characterized by a somewhat differentiated picture between the regions. We saw lower sales and weaker results in North America, while Europe and Asia show increased sales with improved profitability. The new acquisitions in Estonia, Finland and India improve sales in Europe and Asia and their profitability continues to develop positively. In North America, we are feeling the effects of the uncertainty that prevails in the market around geopolitics and trade barriers, which is affecting our customers’ investments. Decisions are being postponed and affecting the realization of projects. In summary, we report global sales for the group that are on par with last year, 616 MSEK (614). Acquired growth was 18 percent, the currency effect was -3 percent and organic growth adjusted for currency was -15 percent in the quarter. In October, we were also pleased to announce further acquisitions to the group. The three operating companies of the Ernst Plastics Group in Germany were acquired on October 29. The companies are SCHLIESSMEYER GmbH, Spritzgussa GmbH & Co. KG and Spectrum GmbH Kunstofftechnik,. These acquisitions contribute to our strategic goals by strengthening our geographical presence in Europe and expanding our customer portfolio in attractive market segments.
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2025-11-28 5 Market update The positive development for KBC continues in the Europe region. This is driven by the Plastone acquisition with operations in Estonia and Finland. Demand is currently good from customers in the medical technology and electronics segments. Demand in the consumer and construction related segments remains subdued, while demand in the automotive segment remains stable at a high level. In North America, the Mexico business, which is mainly exposed to the automotive industry, we see slightly lower sales than expected. Canada is also exposed primarily to the automotive industry. Here, we have seen a deterioration in order intake in the quarter, mainly caused by lower demand from the largest customer Rivian. The US works with customers in general industry such as telecom, trade and construction. Part of this business is project-oriented and that part had a worse quarter in Q3. In the Asia region, our acquisition in India continues to develop according to plan with increasing sales and improved profitability. China continues to perform very well in Q3. Profitability is good and well above the group average.
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Quarterly results Net sales amounted to 616 MSEK (614). Acquired growth was 18 percent, currency effect was -3 percent, and organic growth was -15 percent. Net sales YTD amounted to 2,076 MSEK (1,903). Adjusted EBITDA amounted to 85 MSEK (102), corresponding to an adjusted EBITDA-margin of 13.8 percent (16.6). Adjusted EBITDA YTD amounted to 294 MSEK (315), corresponding to an adjusted EBITDA-margin of 14.2 percent (16.6). Adjusted operating result (EBIT) amounted to 39 MSEK (64), corresponding to an adjusted operatingmargin (EBIT- margin) of 6.3 percent (10.4). Adjusted operating profit (EBIT) YTD amounted to 154 MSEK (198), corresponding to an adjusted operating margin (EBIT-margin) of 7.4 percent (10.4). Earnings per share amounted to 0.27 SEK (0.60). Earnings per share YTD amounted to 1.83 SEK (1.78). Cash flow from operating activities amounted to 67 MSEK (52). Cash flow from operating activities YTD amounted to 257 MSEK (97).
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Region Europe Net sales amounted to 299 MSEK (214). Acquired growth was 40 percent, currency effect was -7 percent, and organic growth was 7 percent. Net sales YTD amounted to 1,015 MSEK (747). Adjusted EBITDA amounted to 41 MSEK (31), corresponding to an adjusted EBITDA-margin of 13.7 percent (14.5). Adjusted EBITDA YTD amounted to 146 MSEK (124), corresponding to an adjusted EBITDA-margin of 14.4 percent (16.7). Adjusted operating result (EBIT) amounted to 19 MSEK (15), corresponding to an adjusted EBIT-margin of 6.4 percent (6.8). Adjusted operating profit (EBIT) YTD amounted to 79 MSEK (73), corresponding to an adjusted operating margin (EBIT-margin) of 7.8 percent (9.8). Europe 2025 2024 2025 2024 2024 MSEK Jul-Sep Jul-Sep Jan-Sep Jan-Sep FY Net sales 299 214 1 015 747 1 012 EBITDA 40 29 159 115 131 EBITDA-margin (%) 13,3% 13,5% 15,7% 15,3% 12,9% Adjusted EBITDA 41 31 146 124 148 Adjusted EBITDA-margin (%) 13,7% 14,5% 14,4% 16,7% 14,6% Operating result (EBIT) 18 12 93 63 61 Operating margin (EBIT) (%) 6,0% 5,8% 9,1% 8,5% 6,0% Adjusted operating result (EBIT) 19 15 79 73 78 Adjusted operating margin (EBIT) (%) 6,4% 6,8% 7,8% 9,8% 7,7%
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Region North America Net sales amounted to 284 MSEK (385). Currency effect was -15 percent, and organic growth was -11 percent. Net sales YTD amounted to 950 MSEK (1,111). Adjusted EBITDA amounted to 34 MSEK (68), corresponding to an adjusted EBITDA-margin of 11.9 percent (17.7). Adjusted EBITDA YTD amounted to 114 MSEK (181), corresponding to an adjusted EBITDA-margin of 12.0 percent (16.3). Adjusted operating result (EBIT) amounted to 15 MSEK (48), corresponding to an adjusted EBIT-margin of 5.5 percent (12.5). Adjusted operating profit (EBIT) YTD amounted to 61 MSEK (120), corresponding to an adjusted operating margin (EBIT-margin) of 6.5 percent (10.8). North America 2025 2024 2025 2024 2024 MSEK Jul-Sep Jul-Sep Jan-Sep Jan-Sep FY Net sales 284 385 950 1 111 1 648 EBITDA 34 68 114 170 212 EBITDA-margin (%) 11,9% 17,7% 12,0% 15,3% 12,9% Adjusted EBITDA 34 68 114 181 245 Adjusted EBITDA-margin (%) 11,9% 17,7% 12,0% 16,3% 14,9% Operating result (EBIT) 15 48 61 109 129 Operating margin (EBIT) (%) 5,5% 12,5% 6,5% 9,8% 7,8% Adjusted operating result (EBIT) 15 48 61 120 162 Adjusted operating margin (EBIT) (%) 5,5% 12,5% 6,5% 10,8% 9,8%
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Region Asia Net sales amounted to 39 MSEK (15). Net sales YTD amounted to 129 MSEK (45). Adjusted EBITDA amounted to 10 MSEK (3), corresponding to an adjusted EBITDA-margin of 26.1 percent (19.7). Adjusted EBITDA YTD amounted to 33 MSEK (9), corresponding to an adjusted EBITDA-margin of 26.0 percent (21.0). Adjusted operating result (EBIT) amounted to 4 MSEK (1), corresponding to an adjusted EBIT-margin of 10.1 percent (7.8). Adjusted operating profit (EBIT) YTD amounted to 14 MSEK (4), corresponding to an adjusted operating margin (EBIT- margin) of 10.5 percent (10.0). Asia 2025 2024 2025 2024 2024 MSEK Jul-Sep Jul-Sep Jan-Sep Jan-Sep FY Net sales 39 15 129 45 61 EBITDA 10 3 33 9 17 EBITDA-margin (%) 26,1% 19,7% 26,0% 21,0% 27,9% Operating result (EBIT) 4 1 14 4 9 Operating margin (EBIT) (%) 10,1% 7,8% 10,5% 10,0% 14,8%
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Financial position The Group's total assets as of September 30, 2025, amounted to 2,206 MSEK (2,107). Equity amounted to 570 MSEK (603) The equity/assets ratio amounted to 26 percent (29) Net debt amounted to 875 MSEK (600)
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2025-11-28 11 Concluding remarks Our view of KB Components' market and prospects remains the same from previous quarters. There is currently a general uncertainty linked to various geopolitical conditions, such as trade barriers. However, we are well positioned to manage this uncertainty through the establishment of production in 14 different locations around the world (17 after October 29), which makes it possible to both expand quickly when conditions are such and to quickly implement downsizing when circumstances so require. This is and will be "normal" for our business, where volume and economies of scale are of utmost importance to be competitive and profitable. Our Group is also developing with new acquisitions, such as the Ernst Plastics Group units, which provides further opportunities to optimize our production structure and unit utilization. Volume development in the short and medium term is expected to be stable and at the YTD-2025 level in all our markets.
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2025-11-28 12 2025-11-28 12 Q&A