Slides
Page 1
Interim report January – September 2026
Page 2
Page 2 Agenda Latour Group key highlights Investment portfolio Wholly-owned operations Q & A Deep dive: Hultafors Group Johan Hjertonsson, President and CEO Mikael J Albrektsson, CFO Anders Hülse, CEO Hultafors Group (deep-dive: Hultafors Group)
Page 3
Latour Group key highlights
Page 4
Page 4 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 Group HMS Networks Nederman Securitas Sweco Tomra Troax Group Financial performance in the wholly-owned industrial operations All-time-high adjusted operating profit in the quarter with improved profitability and continued organic growth The investment portfolio An overall positive underlying development and increased shareholding in Fagerhult Group Focus area going forward Accelerating initiatives across our businesses with the ambition to be at the forefront of AI adoption
Page 5
Page 5 Net asset value SEK 216 per share by the end of September Development during the year +2.5 per cent84 Less net debt,etc. -11 Latour’snet assetvalue 138 SEK per share 216 Part-ownedOperations 0.3 Wholly-owned Operations 72 InvestmentPortfolio 77 All amounts are in SEK billion unless stated otherwise. NAV 2025-12-31 Investment portfolio Wholly-owned operations Net debt etc. NAV 2026-09-30 Dividend Adj. NAV 137.9 -10.5 +7.2 +3.4 138.0 -3.3 141.2
Page 6
Page 6 Strong value development in the wholly-owned industrial operations Net asset discount 6.5% -50 0 50 100 150 200 250 300 350 400 2020 2021 2022 2023 2024 2025 2026 Industrial operations Listed shares Net debt etc. Share price (Latour B) Net asset value SEK / share
Page 7
Investment portfolio
Page 8
Page 8 Total return for the listed portfolio January – September 2026 The total return including share price growth and dividend, for each investment company compared with the SIXRX benchmark index.
Page 9
Page 9 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 2017 TTM Q3 0 7 500 15 000 22 500 30 000 0 50 000 100 000 150 000 200 000 2017 TTM Q3 0 25 50 75 100 125 150 0 250 500 750 1 000 1 250 1 500 2017 TTM Q3 0 200 400 600 800 1 000 0 2 000 4 000 6 000 8 000 10 000 2017 TTM Q3 0 200 400 600 800 1 000 0 1 000 2 000 3 000 4 000 5 000 2017 TTM Q3 0 200 400 600 800 0 2 000 4 000 6 000 8 000 2017 TTM Q3 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 2017 TTM Q3 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 2017 TTM Q3 0 50 100 150 200 0 400 800 1200 1600 2017 TTM Q3 0 20 40 60 0 100 200 300 400 2017 TTM Q3
Page 10
Wholly-owned operations
Page 11
Page 11 Long-term financial development, trailing 12-months performance Quarterly results Orders received Net sales Adjusted operating profit 0 400 800 1200 1600 2000 2400 2800 3200 3600 4000 4400 0 4 000 8 000 12 000 16 000 20 000 24 000 28 000 32 000 36 000 40 000 44 000 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 M SEK
Page 12
Page 12 Acquisitions and divestitures during the year Total annual contribution SEK 0.9 billion
Page 13
Page 13 Strong growth and improved margin Net salesand adjusted operatingprofit Net sales Adjusted operating profit SEK M Q3 2026 Q3 2025 Net sales 588 515 Adjusted operating profit* 148 110 Operating margin %* 25.2 21.4 * EBIT adj. (excl. IFRS 16) 0 100 200 300 400 500 0 500 1 000 1 500 2 000 2 500 2022 2023 2024 2025 TTM Q3
Page 14
Page 14 Strong performance and solid order backlog Net salesand adjusted operatingprofit 0 100 200 300 400 500 0 500 1 000 1 500 2 000 2 500 2022 2023 2024 2025 TTM Q3 SEK M Q3 2026 Q3 2025 Net sales 539 345 Adjusted operating profit* 105 46 Operating margin %* 19.3 13.3 * EBIT adj. (excl. IFRS 16) Net sales Adjusted operating profit
Page 15
Page 15 Organic growth and increased profitability Net salesand adjusted operatingprofit 0 300 600 900 1 200 1 500 0 2 000 4 000 6 000 8 000 10 000 2022 2023 2024 2025 TTM Q3 SEK M Q3 2026 Q3 2025 Net sales 1,640 1,597 Adjusted operating profit* 304 214 Operating margin %* 18.6 13.4 * EBIT adj. (excl. IFRS 16) Net sales Adjusted operating profit
Page 16
Page 16 Positive order intake growth and improved margin Net salesand adjusted operatingprofit 0 150 300 450 600 0 1 000 2 000 3 000 4 000 2022 2023 2024 2025 TTM Q3 SEK M Q3 2026 Q3 2025 Net sales 836 812 Adjusted operating profit* 120 109 Operating margin %* 14.3 13.4 * EBIT adj. (excl. IFRS 16) Net sales Adjusted operating profit
Page 17
Page 17 Strong order intake and record margins Net salesand adjusted operatingprofit 0 90 180 270 360 450 0 750 1 500 2 250 3 000 2022 2023 2024 2025 TTM Q3 SEK M Q3 2026 Q3 2025 Net sales 458 407 Adjusted operating profit* 61 47 Operating margin %* 13.3 11.4 * EBIT adj. (excl. IFRS 16) ** Figures adjusted according to current structure Net sales Adjusted operating profit
Page 18
Page 18 Another record quarter Net salesand adjusted operatingprofit 0 100 200 300 400 500 600 700 0 500 1 000 1 500 2 000 2 500 3 000 2022 2023 2024 2025 TTM Q3 SEK M Q3 2026 Q3 2025 Net sales 577 508 Adjusted operating profit* 171 130 Operating margin %* 29.7 25.5 * EBIT adj. (excl. IFRS 16) Net sales Adjusted operating profit
Page 19
Page 19 Positive development in order intake and profitability Net salesand adjusted operatingprofit 0 300 600 900 1 200 0 2 000 4 000 6 000 8 000 10 000 12 000 2022 2023 2024 2025 TTM Q3 SEK M Q3 2026 Q3 2025 Net sales 2,531 2,506 Adjusted operating profit* 304 280 Operating margin %* 12.0 11.2 * EBIT adj. (excl. IFRS 16) Net sales Adjusted operating profit
Page 20
Page 20 Financial targets Minimum requirement September 2026 trailing 12 months Annual growth (minimum for all operations) >10% 4% Operating margin (average for all operations) >15% 15% Return on operating capital (minimum for all operations) >15% 15%
Page 21
Page 21 A long-term perspective Our core values Long-term perspective Businessmanship Trust & Accountability Development >68% of the value comes from holdings owned >20 years 5-10 yea rs 0–5 yea rs 10-20 yea rs 5-10 yea rs 10-20 yea rs 30-40 yea rs > 40 yea rs 20-30 yea rs
Page 22
Q&A