Slides
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Interim report January – June 2025
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Page 2 Latour – a mixed investment company WHOLLY-OWNED OPERATIONS Bemsiq Group Caljan Hultafors Group Innovalift Nord-Lock Group Swegon Latour Industries Latour Future Solutions Part-owned holdings INVESTMENT PORTFOLIO Alimak Group ASSA ABLOY CTEK Fagerhult HMS Networks Nederman Securitas Sweco Tomra Troax
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Page 3 Active principal owner in listed holdings Net sales, m SEK if not stated otherwise Ebita, m SEK if not stated otherwise *Tomra in MEUR *Troax in MEUR 0 400 800 1 200 1 600 0 2 000 4 000 6 000 8 000 2016 TTM Q2 0 7 500 15 000 22 500 30 000 0 50 000 100 000 150 000 200 000 2016 TTM Q2 0 25 50 75 100 125 150 0 250 500 750 1 000 1 250 1 500 2016 TTM Q2 0 200 400 600 800 1 000 0 2 000 4 000 6 000 8 000 10 000 2016 TTM Q2 0 200 400 600 800 1 000 0 1 000 2 000 3 000 4 000 5 000 2016 TTM Q2 0 200 400 600 800 0 2 000 4 000 6 000 8 000 2016 TTM Q2 0 3 000 6 000 9 000 12 000 15 000 0 25 000 50 000 75 000 100 000 125 000 150 000 175 000 2016 TTM Q2 0 500 1 000 1 500 2 000 2 500 3 000 3 500 0 5 000 10 000 15 000 20 000 25 000 30 000 35 000 2016 TTM Q2 0 50 100 150 200 0 400 800 1200 1600 2016 TTM Q2 0 20 40 60 0 100 200 300 2016 TTM Q2
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Page 4 Total return for the listed portfolio 2025 The total return including share price growth and dividend, for each investment company compared with the SIXRX benchmark index.
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Page 5 0 400 800 1200 1600 2000 2400 2800 3200 3600 4000 0 4,000 8,000 12,000 16,000 20,000 24,000 28,000 32,000 36,000 40,000 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 M SEK The wholly-owned industrial operations Quarterly results Orders received Net sales Adjusted operating profit
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Page 6 Acquisitions during 2025 Total annual contribution SEK 1.8 billion
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Page 7 Growth despite a challenging market Net salesand adjusted operatingprofit Net sales Adjusted operating profit 0 100 200 300 400 500 0 500 1 000 1 500 2 000 2 500 2021 2022 2023 2024 TTM Q2 SEK M Q2 2025 Q2 2024 Net sales 554 498 Adjusted operating profit* 120 109 Operating margin %* 21.6 21.8 * EBIT adj. (excl. IFRS 16)
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Page 8 Strong net sales and profitability Net salesand adjusted operatingprofit 0 100 200 300 400 500 0 500 1 000 1 500 2 000 2 500 2021 2022 2023 2024 TTM Q2 SEK M Q2 2025 Q2 2024 Net sales 450 374 Adjusted operating profit* 86 50 Operating margin %* 19.0 13.4 * EBIT adj. (excl. IFRS 16) Net sales Adjusted operating profit
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Page 9 Challenging market conditions Net salesand adjusted operatingprofit 0 300 600 900 1 200 1 500 0 2 000 4 000 6 000 8 000 10 000 2021 2022 2023 2024 TTM Q2 SEK M Q2 2025 Q2 2024 Net sales 1,597 1,685 Adjusted operating profit* 205 270 Operating margin %* 12.9 16.0 * EBIT adj. (excl. IFRS 16) Net sales Adjusted operating profit
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Page 10 Good growth, both acquired and organically Net salesand adjusted operatingprofit 0 150 300 450 600 0 1 000 2 000 3 000 4 000 2021 2022 2023 2024 TTM Q2 SEK M Q2 2025 Q2 2024 Net sales 867 643 Adjusted operating profit* 102 62 Operating margin %* 11.7 9.6 * EBIT adj. (excl. IFRS 16) Net sales Adjusted operating profit
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Page 11 Building the basis for future business areas Net salesand adjusted operatingprofit 0 90 180 270 360 450 0 750 1 500 2 250 3 000 2021 2022 2023 2024 TTM Q2 SEK M Q2 2025 Q2 2024 Net sales 518 503 Adjusted operating profit* 37 38 Operating margin %* 7.2 7.6 * EBIT adj. (excl. IFRS 16) Net sales Adjusted operating profit
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Page 12 Strong performance and record quarter Net salesand adjusted operatingprofit 0 100 200 300 400 500 600 0 500 1 000 1 500 2 000 2 500 3 000 2021 2022 2023 2024 TTM Q2 SEK M Q2 2025 Q2 2024 Net sales 527 485 Adjusted operating profit* 157 118 Operating margin %* 29.8 24.0 * EBIT adj. (excl. IFRS 16) Net sales Adjusted operating profit
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Page 13 Good performance on a challenging market Net salesand adjusted operatingprofit 0 300 600 900 1 200 1 500 0 2 000 4 000 6 000 8 000 10 000 2021 2022 2023 2024 TTM Q2 SEK M Q2 2025 Q2 2024 Net sales 2,588 2,338 Adjusted operating profit* 282 300 Operating margin %* 10.9 12.8 * EBIT adj. (excl. IFRS 16) Net sales Adjusted operating profit
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Page 14 Net asset value SEK 207 per share by the end of June 84 Less net debt,etc. -17 Latour’snet assetvalue 132 SEK per share 207 Part-ownedOperations 0.2 Wholly-owned Operations 65 InvestmentPortfolio 84 All amounts are in SEK billion unless stated otherwise. Development during the year -1.9per cent
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Page 15 Financial targets Annual growth (minimum for all operations) >10% Operating margin (average for all operations) >15% Return on operating capital (minimum for all operations) >15%
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Page 16 Latour – a long-term sustainable investment company Responsible active owner Creating value for our shareholders
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Q&A