Interim report
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Interim report January–September 2026 Q3 2026
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Gradual improvement in the Nordics The Group’s organic sales increased by 2 percent in the third quarter compared with the corresponding quarter in 2025. Growth in the Nordic markets was 5 percent. The adjusted operating margin improved compared with previous quarter in both business areas, despite high costs for transportation and input materials. Sales and profit for the Group in total were held back by weaker performance in certain western European markets. Third quarter 2026 • Net sales amounted to SEK 3,237 m (3,253), which is in line with the corresponding quarter previous year. Organic sales growth was 2 percent while the net effect of acquisitions and divestments amounted to -2 percent. Currency effects were neutral. • Adjusted operating profit amounted to SEK 283 m (315). No one-off items and restructuring costs were reported in the quarter (SEK 176 m). Operating profit amounted to SEK 283 m (491). • Adjusted operating margin amounted to 8.7 percent (9.7). Operating margin amounted to 8.7 percent (15.1). • Profit for the period amounted to SEK 187 m (400). • Earnings per share before and after dilution amounted to SEK 2.42 (5.19). • Cash flow from operating activities amounted to SEK 235 m (335). • During the quarter Lindab Group acquired the Irish ventilation distributor Connaught Ventilation Supplies Limited (CVS). In September Lindab Group signed an agreement to acquire the Italian company Aernova S.r.l.. The acquisition was completed on 13 October. Key performance indicators 2026 Jul–Sep 2025 Jul–Sep Change, % 2026 Jan–Sep 2025 Jan–Sep Change, % R12M 2025 Oct- 2026 Sep 2025 Jan-Dec Net sales, SEK m 3,237 3,253 0 9,546 9,720 -2 12,680 12,854 Adjusted1) operating profit, SEK m 283 315 -10 689 824 -16 892 1,027 Operating profit, SEK m 283 491 -42 689 1,000 -31 786 1,097 Adjusted1) operating margin, % 8.7 9.7 - 7.2 8.5 - 7.0 8.0 Operating margin, % 8.7 15.1 - 7.2 10.3 - 6.2 8.5 Cash flow from operating activities, SEK m 235 335 -30 555 826 -33 1,076 1,347 1) No one-off items and restructuring costs were reported during the quarter (SEK 176 m). For the period January-September 2026, one-off items and restructuring costs amounted to SEK 0 m (176). See page 25 for reconciliation. January-September 2026 • Net sales amounted to SEK 9,546 m (9,720), a decrease by 2 percent. Organic sales growth was neutral while the net effect of acquisitions and divestments amounted to -1 percent. Currency effects amounted to -1 percent. • Adjusted operating profit amounted to SEK 689 m (824). One-off items and restructuring costs amounted to SEK 0 m (176). Operating profit amounted to SEK 689 m (1,000). • Adjusted operating margin amounted to 7.2 percent (8.5). Operating margin amounted to 7.2 percent (10.3). • Profit for the period amounted to SEK 432 m (719). • Earnings per share before and after dilution amounted to SEK 5.60 (9.34). • Cash flow from operating activities amounted to SEK 555 m (826). 2 LINDAB INTERNATIONAL AB (PUBL) | CORPORATE IDENTIFICATION NUMBER 556606-5446 | LINDABGROUP.COM | PUBLISHED 23 OCTOBER 2026 Q3 2026
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A word from the CEO Organic sales growth in Ventilation Systems Sales for comparable units in Ventilation Systems increased with 1 per cent during the quarter. The adjusted operating mar- gin was 9.9 percent, which represented a clear improvement compared with the previous quarter but was slightly below the corresponding quarter in 2025. We are pleased with the strong performance in the Nordic markets, with Sweden showing the most positive development. In Germany, however, the situation remains weak, both in terms of sales and profitability. Gradual improvement in Profile Systems Sales in business area Profile Systems have improved and the organic growth was 4 percent during the third quarter. The adjusted operating margin was 6.2 percent compared to 7.0 per cent in the corresponding quarter last year. Sales to builders’ merchants have been strong, and during the quarter we have added new customers within this sales channel. Project sales have begun to increase from low levels, partly as a result of more active pricing. Production capacity for sandwich panels has now reached the levels seen before a challenging relocation process that began just under two years ago. Profitability in Profile Systems still needs to improve, but the business area is in a stronger position now than it was six months ago. This development is driven by cost savings, a reorganisation with a clear sales focus, a focus on the Scandi- navian markets and an improved market situation. Profitability in Profile Systems still needs to improve, but the business area is in a stronger position now than it was six months ago. Cost adjustments During the second quarter, the gross margin was negatively impacted by increased costs for input materials and transpor- tation as a result of disruptions caused by the geopolitical situation. Our ambition is to fully mitigate these increased costs through price adjustments, and during the third quarter we succeeded in raising prices and increasing the gross margin. To further strengthen the operating margin, both continued price adjustments and a reduction of the cost base are required. We are therefore reviewing our fixed costs and implementing efficiency measures across the entire business. Further complementary acquisitions During the quarter, the Irish ventilation distributor Connaught Ventilation Systems (CVS) was acquired, giving us the oppor- tunity to benefit from the high construction activity in the wes- tern part of the country. In October, the acquisition of Aernova, an Italian company specialising in smoke control for ventila- tion, was completed. The fire safety segment is showing good growth, and this acquisition complements our offering and strengthens our position in the important Italian market. While we continue to improve efficiency, we see several attractive opportunities to grow faster than the market in the coming years. Improved market conditions in Sweden benefit Lindab Group The construction sector in Europe has been under pressure since the end of 2022. It is therefore encouraging that the Nordic markets have now begun to grow, a trend that is particularly evident in Sweden. For Lindab Group, with around 20 percent of sales in Sweden, this is positive as the market position is strong and the proportion of in-house manufactured products is high. Elsewhere in Europe, the market situation is less positive, and Germany in particular shows weak perfor- mance. Overall, our assessment is that both the European ventilation market and the market for the profile business in Scandinavia will grow modestly in 2027. Once the construction sector recovers, Lindab Group is well invested to handle higher production volumes. Opportunities to grow faster than the market While we continue to improve efficiency, we see several attrac- tive opportunities to grow faster than the market in the coming years. Among other things, we are focusing on strengthening our technical sales of ventilation and fire protection products to specifiers, both through acquired companies and our own product range. The aim is to make sales less cyclical by increasing the proportion allocated to renovation and upgrades. We also see good prospects for growth in sales to fast-growing customer segments such as data centres and defence. A gradual improvement in the market, investments in bolt- on acquisitions and the substantial need to make Europe’s buil- ding stock more energy efficient create favourable conditions for Lindab Group in the coming years. Together with continued efficiency improvements, we are laying the foundation for long-term value creation. Grevie, 22 October 2026 Ola Ringdahl President and CEO During the third quarter, sales increased in comparable units. Price adjustments to mitigate rising transportation and input material costs have to a large extent taken effect, and gross margin improved. Sales in the important Swedish market developed strongly during the quarter and the improvement within Profile Systems continued. LINDAB INTERNATIONAL AB (PUBL) | CORPORATE IDENTIFICATION NUMBER 556606-5446 | LINDABGROUP.COM | PUBLISHED 23 OCTOBER 2026 3 Q3 2026
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/zero.lnum /one.lnum, /zero.lnum/zero.lnum/zero.lnum /two.lnum, /zero.lnum/zero.lnum/zero.lnum /three.lnum, /zero.lnum/zero.lnum/zero.lnum /four.lnum, /zero.lnum/zero.lnum/zero.lnum Q/three.lnumQ/two.lnumQ/one.lnumQ/four.lnumQ/three.lnumQ/two.lnumQ/one.lnumQ/four.lnumQ/three.lnum /zero.lnum /three.lnum, /zero.lnum/zero.lnum/zero.lnum /six.lnum, /zero.lnum/zero.lnum/zero.lnum /nine.lnum , /zero.lnum/zero.lnum/zero.lnum /one.lnum/two.lnum, /zero.lnum/zero.lnum/zero.lnum /one.lnum/five.lnum, /zero.lnum/zero.lnum/zero.lnum /two.lnum/zero.lnum/two.lnum/five.lnum /two.lnum/zero.lnum/two.lnum/six.lnum/two.lnum/zero.lnum/two.lnum /four.lnum Quart er R/one.lnum/two.lnumM Quart er R/one.lnum/two.lnumM /two.lnum/zero.lnum/two.lnum/five.lnum /two.lnum/zero.lnum/two.lnum/six.lnum/two.lnum/zero.lnum/two.lnum /four.lnum Quart er R/one.lnum/two.lnumM /four.lnum/two.lnum% /four.lnum/four.lnum% /one.lnum/one.lnum% /three.lnum% Nor dic r egion W est ern E ur ope Central E ur ope Other mark et s Break do wn o f net sales, R/one.lnum/two.lnumM A djusted operating pr ofit, SEK mNet sales, SEK m /zero.lnum /one.lnum/zero.lnum /zero.lnum /two.lnum/zero.lnum/zero.lnum /three.lnum/zero.lnum/zero.lnum /four.lnum/zero.lnum/zero.lnum /five.lnum/zero.lnum/zero.lnum Q/three.lnumQ/two.lnumQ/one.lnumQ/four.lnumQ/three.lnumQ/two.lnumQ/one.lnumQ/four.lnumQ/three.lnum /zero.lnum /two.lnum/five.lnum/zero.lnum /five.lnum/zero.lnum /zero.lnum /seven.lnum/five.lnum/zero.lnum /one.lnum, /zero.lnum/zero.lnum /zero.lnum /one.lnum,/two.lnum/five.lnum/zero.lnum /one.lnum,/five.lnum/zero.lnum /zero.lnum Quart er R/one.lnum/two.lnumM Sales and profit Key performance indicators 2026 Jul–Sep 2025 Jul–Sep Change, % 2026 Jan–Sep 2025 Jan–Sep Change, % R12M 2025 Oct- 2026 Sep 2025 Jan-Dec Net sales, SEK m 3,237 3,253 0 9,546 9,720 -2 12,680 12,854 Adjusted1) operating profit, SEK m 283 315 -10 689 824 -16 892 1,027 Operating profit, SEK m 283 491 -42 689 1,000 -31 786 1,097 Adjusted1) operating margin, % 8.7 9.7 - 7.2 8.5 - 7.0 8.0 Operating margin, % 8.7 15.1 - 7.2 10.3 - 6.2 8.5 Profit for the period, SEK m 187 400 -53 432 719 -40 473 760 Earnings per share before and after dilution, SEK 2.42 5.19 -53 5.60 9.34 -40 6.12 9.86 Cash flow from operating activities, SEK m 235 335 -30 555 826 -33 1,076 1,347 Number of employees at the end of the period 4,905 5,049 -3 4,905 5,049 -3 4,905 4,958 1) No one-off items and restructuring costs were reported during the quarter (SEK 176 m). For the period January-September 2026, one-off items and restructuring costs amounted to SEK 0 m (176). See page 25 for reconciliation.. Sales and market Net sales for the Group amounted to SEK 3,237 m (3,253) in the third quarter, in line with the corresponding quarter previous year. Organic sales growth in comparable units amounted to 2 percent. Currency effects were neutral, while the net effect of acquisitions and divestments had an impact on sales of -2 percent. Market development continued to vary between geographies. The Nordics developed positively, with organic growth of 5 percent, mainly driven by the recovery in the Swedish market within both Ventilation Systems and Profile Systems. In Wes- tern Europe, market conditions remained challenging and sales decreased by 2 percent. However, the decline was less pronounced than in previous quarters, despite a challenging market. For the period January–September, net sales for the Group amounted to SEK 9,546 m (9,720), a decrease of 2 percent compared with the corresponding period previous year. Organic sales growth was neutral. Currency effects had an impact on sales of -1 percent and the net effect of acquisitions and divestments was -1 percent. Profit Adjusted operating profit for the quarter amounted to SEK 283 m (315), corresponding to an adjusted operating margin of 8.7 percent (9.7). The earnings development largely followed the same pattern as in the second quarter. Positive develop- ment in the Nordics was offset by lower profitability in Western Europe, particularly in Germany, France and the Netherlands. The gross margin improved slightly during the quarter. Implemented price increases to a large extent compensated for higher material and fuel costs, particularly within Ventilation Systems. Organic sales growth in the Nordics contributed positively to the result, while weak development in several Western European markets had a negative impact. Cost-saving activities are being implemented to strengthen profitability and adapt operations to current demand. Profit for the quarter amounted to SEK 187 m (400). Earnings per share before and after dilution amounted to SEK 2.42 (5.19). No one-off items and restructuring costs were reported during the quarter (SEK 176 m). For the period January–September, adjusted operating profit amounted to SEK 689 m (824), corresponding to an adjusted operating margin of 7.2 percent (8.5). Profit for the period January– September amounted to SEK 432 m (719), and earnings per share before and after dilution amounted to SEK 5.60 (9.34). One-off items and restructuring costs amounted to net SEK 0 m (176) for the period January–September 2026. 4 LINDAB INTERNATIONAL AB (PUBL) | CORPORATE IDENTIFICATION NUMBER 556606-5446 | LINDABGROUP.COM | PUBLISHED 23 OCTOBER 2026 Q3 2026
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/zero.lnum /one.lnum, /zero.lnum/zero.lnum/zero.lnum /two.lnum, /zero.lnum/zero.lnum/zero.lnum /three.lnum, /zero.lnum/zero.lnum/zero.lnum Q/three.lnumQ/two.lnumQ/one.lnumQ/four.lnumQ/three.lnumQ/two.lnumQ/one.lnumQ/four.lnumQ/three.lnum /zero.lnum /three.lnum, /zero.lnum/zero.lnum/zero.lnum /six.lnum, /zero.lnum/zero.lnum/zero.lnum /nine.lnum , /zero.lnum/zero.lnum/zero.lnum /one.lnum/two.lnum, /zero.lnum/zero.lnum/zero.lnum /two.lnum/zero.lnum/two.lnum /four.lnum /two.lnum/zero.lnum/two.lnum/five.lnum /two.lnum/zero.lnum/two.lnum/six.lnum Quart er R/one.lnum/two.lnumM Quart er R /one.lnum/two.lnumM /two.lnum/zero.lnum/two.lnum /four.lnum /two.lnum/zero.lnum/two.lnum/five.lnum /two.lnum/zero.lnum/two.lnum/six.lnum Quart er R /one.lnum/two.lnumM /three.lnum/one.lnum% /five.lnum/three.lnum% /one.lnum/two.lnum% /four.lnum% Nor dic r egion W est ern E ur ope Central E ur ope Other mark et s Break do wn o f net sales, R/one.lnum/two.lnumM A djusted operating pr ofit, SEK mNet sales, SEK m /zero.lnum /five.lnum/zero.lnum /one.lnum/zero.lnum /zero.lnum /one.lnum/five.lnum/zero.lnum /two.lnum/zero.lnum/zero.lnum /two.lnum/five.lnum/zero.lnum /three.lnum/zero.lnum/zero.lnum Q/three.lnumQ/two.lnumQ/one.lnumQ/four.lnumQ/three.lnumQ/two.lnumQ/one.lnumQ/four.lnumQ/three.lnum /zero.lnum /two.lnum/zero.lnum/zero.lnum /four.lnum/zero.lnum /zero.lnum /six.lnum/zero.lnum /zero.lnum /eight.lnum/zero.lnum/zero.lnum /one.lnum, /zero.lnum/zero.lnum /zero.lnum /one.lnum,/two.lnum/zero.lnum /zero.lnum Quart er R/one.lnum/two.lnumM Segment – Ventilation Systems Key performance indicators 2026 Jul–Sep 2025 Jul–Sep Change, % 2026 Jan–Sep 2025 Jan–Sep Change, % R12M 2025 Oct- 2026 Sep 2025 Jan-Dec Net sales, SEK m 2,608 2,581 1 7,706 7,712 0 10,199 10,205 Net sales growth, % 1 2 - 0 0 - 0 0 - of which organic, % 1 -1 - 0 -3 - 0 -2 - of which acquisitions/divestments, % 0 6 - 2 5 - 2 5 - of which currency effects, % 0 -3 - -2 -2 - -2 -3 Adjusted1) operating profit, SEK m 258 274 -6 690 758 -9 901 969 Adjusted1) operating margin, % 9.9 10.6 - 9.0 9.8 - 8.8 9.5 Number of employees at the end of the period 4,185 4,232 -1 4,185 4,232 -1 4,185 4,198 1) No one-off items and restructuring costs were reported during the quarter (SEK 194 m). For the period January-September 2026 one-off items and restructuring costs amounted to SEK -15 m (194). See page 25 for reconciliation. Sales and market Net sales for Ventilation Systems amounted to SEK 2,608 m (2,581) in the third quarter, corresponding to an increase of 1 percent compared with the corresponding quarter previous year. Organic sales growth amounted to 1 percent, while currency effects and the net effect of acquisitions and divest- ments were neutral. Sales development continued to vary across regions. The Nordics developed positively, with growth of 6 percent, mainly driven by the Swedish market, where organic sales growth amounted to 13 percent. In Western Europe, sales decreased by 1 percent during the quarter. However, the development improved compared with previous quarters. In Central Europe, sales increased by 8 percent, mainly driven by strong development in Poland and the Czech Republic. For the period January–September, net sales amounted to SEK 7,706 m (7,712), representing sales in line with the corresponding period previous year. Organic sales growth was neutral. Currency effects had an impact on sales of -2 percent, while the net effect of acquisitions and divestments contribu- ted positively by 2 percent. Profit Adjusted operating profit for Ventilation Systems amounted to SEK 258 m (274) in the third quarter, corresponding to an adjusted operating margin of 9.9 percent (10.6). Earnings development largely followed the same pattern as in the second quarter. Higher sales and strong earnings deve- lopment in the Nordics were offset by continued weak profita- bility in parts of Western Europe, particularly in Germany, France and the Netherlands. The gross margin improved slightly, as implemented price increases compensated for higher material and fuel costs. Further price adjustments and cost-saving activities are being implemented to improve profitability and further align operations with current demand. For the period January–September, adjusted operating profit amounted to SEK 690 m (758), corresponding to an adjusted operating margin of 9.0 percent (9.8). Activities In July, the Irish ventilation distributor CVS was acquired, with annual net sales of approximately SEK 20 m. The acquisition strengthens Lindab Group’s ability to meet demand arising from the high level of construction activity in western Ireland. In October, Lindab Group acquired the Italian company Aernova, a manufacturer of smoke control solutions for ventila- tion systems. The company has annual net sales of approximately SEK 77 m. The acquisition strengthens Lindab Group’s position in the rapidly growing fire and smoke protection segment and in the Italian market. . LINDAB INTERNATIONAL AB (PUBL) | CORPORATE IDENTIFICATION NUMBER 556606-5446 | LINDABGROUP.COM | PUBLISHED 23 OCTOBER 2026 5 Q3 2026
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Segment – Profile Systems Key performance indicators 2026 Jul–Sep 2025 Jul–Sep Change, % 2026 Jan–Sep 2025 Jan–Sep Change, % R12M 2025 Oct- 2026 Sep 2025 Jan-Dec Net sales, SEK m 629 672 -6 1,840 2,008 -8 2,481 2,649 Net sales growth, % -6 -17 - -8 -13 - -12 -15 - of which organic, % 4 -13 - 0 -10 - -4 -11 - of which acquisitions/divestments, % -11 -3 - -8 -2 - -7 -2 - of which currency effects, % 1 -1 - 0 -1 - -1 -2 Adjusted1) operating profit, SEK m 39 47 -17 51 98 -48 61 108 Adjusted1) operating margin, % 6.2 7.0 - 2.8 4.9 - 2.5 4.1 Number of employees at the end of the period 624 732 -15 624 732 -15 624 670 1) No one-off items and restructuring costs were reported during the quarter (SEK -18 m). For the period January-September 2026 one-off items and restructuring costs amounted to SEK 15 m (-18). See page 25 for reconciliation. Sales and market Net sales for Profile Systems amounted to SEK 629 m (672) in the third quarter, corresponding to a decrease of 6 percent compared with the corresponding quarter of the previous year. Organic sales growth amounted to 4 percent. Currency effects contributed positively by 1 percent, while structural effects from divestments had an impact on sales of -11 percent. Sales development during the quarter continued to improve compared with the weak start to the year. The recovery in the Swedish market contributed positively, and sales of sandwich panels showed good growth. The Profile operations in Norway also developed well, while sales in Denmark decreased. For the period January–September, net sales amounted to SEK 1,840 m (2,008), a decrease of 8 percent. Organic sales growth and currency effects were neutral, while structural effects from divestments had an impact on sales of -8 percent. Profit Adjusted operating profit for Profile Systems amounted to SEK 39 m (47) in the third quarter, corresponding to an adjusted operating margin of 6.2 percent (7.0). As in the second quarter, the result improved significantly compared with the weak beginning of the year. Higher sales volumes in Sweden and improved results in the sandwich panel business contributed positively. The margin was also negatively impacted by a weaker gross margin in Denmark. Overall, the result was slightly lower than in the corresponding quarter previous year. For the period January–September, adjusted operating profit amounted to SEK 51 m (98), corresponding to an adjusted ope- rating margin of 2.8 percent (4.9). The lower profitability mainly reflects the weak beginning of the year, with low construction activity, weather-related delays and low-capacity utilisation during the first quarter. /eight.lnum/eight.lnum% /six.lnum% /six.lnum% /zero.lnum% Nor dic r egion W est ern E ur ope Central E ur ope Other mark et s Break do wn o f net sales, R/one.lnum/two.lnumM A djusted operating pr ofit, SEK mNet sales, SEK m /zero.lnum /two.lnum/five.lnum /five.lnum/zero.lnum /seven.lnum/five.lnum /one.lnum/zero.lnum /zero.lnum Q/three.lnumQ/two.lnum Q/one.lnum Q/four.lnumQ/three.lnumQ/two.lnumQ/one.lnumQ/four.lnumQ/three.lnum /zero.lnum /seven.lnum/five.lnum /one.lnum/five.lnum/zero.lnum /two.lnum/two.lnum/five.lnum /three.lnum/zero.lnum/zero.lnum Quart er R/one.lnum/two.lnumM -/two.lnum/five.lnum /zero.lnum /three.lnum/zero.lnum/zero.lnum /six.lnum/zero.lnum/zero.lnum /nine.lnum/zero.lnum/zero.lnum /one.lnum,/two.lnum/zero.lnum/zero.lnum Q/three.lnumQ/two.lnumQ/one.lnumQ/four.lnumQ/three.lnumQ/two.lnumQ/one.lnumQ/four.lnumQ/three.lnum /zero.lnum /one.lnum, /zero.lnum/zero.lnum/zero.lnum /two.lnum, /zero.lnum/zero.lnum/zero.lnum /three.lnum, /zero.lnum/zero.lnum/zero.lnum /four.lnum, /zero.lnum/zero.lnum/zero.lnum /two.lnum/zero.lnum/two.lnum /four.lnum /two.lnum/zero.lnum/two.lnum/five.lnum /two.lnum/zero.lnum/two.lnum/six.lnum Quart er R/one.lnum/two.lnumM Quart er R /one.lnum/two.lnumM /two.lnum/zero.lnum/two.lnum /four.lnum /two.lnum/zero.lnum/two.lnum/five.lnum /two.lnum/zero.lnum/two.lnum/six.lnum Quart er R /one.lnum/two.lnumM 6 LINDAB INTERNATIONAL AB (PUBL) | CORPORATE IDENTIFICATION NUMBER 556606-5446 | LINDABGROUP.COM | PUBLISHED 23 OCTOBER 2026 Q3 2026
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Cash flow, financial position and business combinations SEK m 2026 Jul–Sep 2025 Jul–Sep 2026 Jan–Sep 2025 Jan–Sep R12M 2025 Oct- 2026 Sep 2025 Jan–Dec Operating profit 283 491 689 1,000 786 1,097 Adjusted operating profit 283 315 689 824 892 1,027 Cash flow from operating activities 235 335 555 826 1,076 1,347 Cash flow from investing activities -86 -298 -234 -443 -299 -508 - Of which related to acquisition (-) /divestment (+) of Group companies -21 -218 -39 -205 -17 -183 Cash flow from financing activities -223 10 -327 -358 -842 -873 Cash flow for the period -74 47 -6 25 -65 -34 Adjusted free cash flow 170 255 360 588 794 1,022 Cash conversion, % 60 81 52 71 89 100 Net debt 4,459 4,411 4,459 4,411 4,459 4,262 Net debt/EBITDA, times 2.8 2.7 2.8 2.7 2.8 2.6 Financial net debt/EBITDA excluding IFRS 16, times 2.4 2.1 2.4 2.1 2.4 2.1 /zero.lnum /two.lnum/zero.lnum/zero.lnum /four.lnum/zero.lnum/zero.lnum /six.lnum/zero.lnum/zero.lnum /eight.lnum/zero.lnum/zero.lnum Q/three.lnumQ/two.lnumQ/one.lnumQ/four.lnumQ/three.lnumQ/two.lnumQ/one.lnumQ/four.lnumQ/three.lnum /zero.lnum /five.lnum/zero.lnum/zero.lnum /one.lnum, /zero.lnum/zero.lnum/zero.lnum /one.lnum,/five.lnum/zero.lnum/zero.lnum /two.lnum, /zero.lnum/zero.lnum/zero.lnum /two.lnum/zero.lnum/two.lnum /four.lnum /two.lnum/zero.lnum/two.lnum/five.lnum /two.lnum/zero.lnum/two.lnum/six.lnum Quart er R /one.lnum/two.lnumM Quart er R /one.lnum/two.lnumM /two.lnum/zero.lnum/two.lnum /four.lnum /two.lnum/zero.lnum/two.lnum/five.lnum /two.lnum/zero.lnum/two.lnum/six.lnum Quart er Net debt/EBIT DA Financial net debt/EBITD A e xc luding IFRS /one.lnum/six.lnum Net debt, R/one.lnum/two.lnumMCash flo w from operating activities, SEK m /zero.lnum /one.lnum, /zero.lnum/zero.lnum/zero.lnum /two.lnum, /zero.lnum/zero.lnum/zero.lnum /three.lnum, /zero.lnum/zero.lnum/zero.lnum /four.lnum, /zero.lnum/zero.lnum/zero.lnum /five.lnum, /zero.lnum/zero.lnum/zero.lnum Q/three.lnumQ/two.lnumQ/one.lnumQ/four.lnumQ/three.lnumQ/two.lnumQ/one.lnumQ/four.lnumQ/three.lnum /zero.lnum,/zero.lnum /zero.lnum. /five.lnum /one.lnum. /zero.lnum /one.lnum./five.lnum /two.lnum. /zero.lnum /two.lnum./five.lnum /three.lnum. /zero.lnum SEK m times Cash flow Cash flow from operating activities amounted to SEK 235 m (335) in the third quarter. Cash flow before changes in working capital amounted to SEK 347 m (400). The decrease compared with the previous year was primarily attributable to lower ope- rating profit. Changes in working capital had a negative impact on cash flow of SEK 112 m (65), mainly due to higher capital tied up in inventories and lower operating liabilities. Cash flow from investing activities, excluding acquisitions and divestments of subsidiaries, amounted to SEK -65 m (-80). During the quarter, cash flow attributable to acquisitions and divestments of businesses amounted to SEK -21 m (-218), mainly related to the acquisition of the Irish ventilation distributor CVS. Cash flow from financing activities amounted to SEK -223 m (10), primarily due to loan amortisations during the quarter and the financing of the Ventia acquisition in the comparative period. Cash flow for the period amounted to SEK -74 m (47). Adjusted free cash flow amounted to SEK 170 m (255) for the quarter, see reconciliation on page 25. Cash conversion amounted to 60 percent (81). For the period January-September, cash flow from opera- ting activities amounted to SEK 555 m (826). Cash flow before changes in working capital amounted to SEK 864 m (1,097). The lower cash flow compared with the previous year was primarily attributable to lower operating profit and higher income tax paid. Changes in working capital amounted to SEK -309 m (-271), with higher capital tied up in inventories and operating receivables largely offset by higher operating liabilities. Cash flow from investing activities, excluding acquisitions and divestments of subsidiaries, amounted to SEK -195 m (-238). Cash flow attributable to acquisitions and divestments of businesses amounted to SEK -39 m (-205), mainly related to business acquisitions and payments of contingent consideration in respect of previous acquisitions. Cash flow from financing activities amounted to SEK -327 m (-358). The difference compared with the previous year was primarily attributable to slightly lower net borrowings during the period. Cash flow for the period amounted to SEK -6 m (25). Adjusted free cash flow for the period January-September amounted to SEK 360 m (588), see reconciliation on page 25. Cash conver- sion amounted to 52 percent (71). Net debt amounted to SEK 4,459 m (4,411) at the end of the period, corresponding to 2.8 times EBITDA (2.7). LINDAB INTERNATIONAL AB (PUBL) | CORPORATE IDENTIFICATION NUMBER 556606-5446 | LINDABGROUP.COM | PUBLISHED 23 OCTOBER 2026 7 Q3 2026
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Financial targets Lindab Group has the following financial targets for growth, profitability and net debt: 1) Growth excluding currency effects. 2) The outcome for annual growth including divested business was 13.0 percent in 2022. 3) Net debt/EBITDA is calculated including IFRS 16 and adjusted for one-off items and restructuring costs. Financial net debt/EBITDA excluding IFRS 16 amounted to 2.4 in Q3 2026 R12M, 2.1 in 2025, 2.0 in 2024, 1.4 in 2023 and 1.0 in 2022. For complete definition, see Annual Report for 2025. /two.lnum/zero.lnum/two.lnum/two.lnum /two.lnum /four.lnum./three.lnum /two.lnum) /one.lnum./four.lnum /one.lnum./seven.lnum -/zero.lnum ./nine.lnum /two.lnum/zero.lnum/two.lnum/three.lnum/two.lnum/zero.lnum/two.lnum/four.lnum/two.lnum/zero.lnum/two.lnum/five.lnumQ/three.lnum /two.lnum/zero.lnum/two.lnum/six.lnum R/one.lnum/two.lnumM /two.lnum/zero.lnum/two.lnum/two.lnum /seven.lnum. /zero.lnum /one.lnum/zero.lnum ./nine.lnum /nine.lnum. /zero.lnum /seven.lnum. /eight.lnum/eight.lnum ./zero.lnum /two.lnum/zero.lnum/two.lnum/three.lnum/two.lnum/zero.lnum/two.lnum/four.lnum/two.lnum/zero.lnum/two.lnum/five.lnumQ/three.lnum /two.lnum/zero.lnum/two.lnum/six.lnum R/one.lnum/two.lnumM /two.lnum/zero.lnum/two.lnum/two.lnum /two.lnum./eight.lnum /one.lnum./six.lnum /one.lnum./nine.lnum /two.lnum./five.lnum /two.lnum./six.lnum /two.lnum/zero.lnum/two.lnum/three.lnum/two.lnum/zero.lnum/two.lnum/four.lnum/two.lnum/zero.lnum/two.lnum/five.lnumQ/three.lnum /two.lnum/zero.lnum/two.lnum/six.lnum R/one.lnum/two.lnumM -/zero.lnum ./seven.lnum A djust ed operating mar gin, >/one.lnum /zero.lnum% Net debt/EBITD A, </three.lnum. /zero.lnum /three.lnum)Annual gr o wth, >/one.lnum /zero.lnum% /one.lnum) Net debt and financing Net debt amounted to SEK 4,459 m (4,411) as of 30 September 2026, of which SEK 1,315 m (1,438) related to lease liabilities. The equity/assets ratio was 49 percent (48), and the net debt/ equity ratio was 0.6 (0.6). Net financial items for the quarter improved to SEK -53 m (-56). The existing credit agreement of SEK 4,050 m and EUR 120 m with Nordea, DNB Bank, Svenska Handelsbanken and Danske Bank has been extended during the quarter and now runs until the second quarter of 2029. The agreement is subject to a covenant which is monitored quarterly. Lindab Group met the covenant requirements as of 30 September 2026. In addition, the credit facility is linked to three sustainability targets, whereby the interest margin is adjusted based on the level of target achievement. The targets are as follows: • Safer working environment: Improvement of workplace safety through a reduction in LTIF (Lost Time Injury Frequency). • Reduced scope 1 and 2 emissions: A continuous reduction of the Group’s direct and indirect greenhouse gas emissions attributable to its operations. • Reduced emissions from purchased steel (part of scope 3): A reduction of emissions related to purchased steel used in Lindab Group’s products. All sustainability targets are measured once a year, and at the latest assessment, as of year-end 2025, all targets were achieved. Consequently, the interest margin has been reduced for 2026. Business combinations during the quarter On 13 July, the Irish ventilation distributor CVS was acquired. For further information on acquisitions and divestments, see Note 3. 8 LINDAB INTERNATIONAL AB (PUBL) | CORPORATE IDENTIFICATION NUMBER 556606-5446 | LINDABGROUP.COM | PUBLISHED 23 OCTOBER 2026 Q3 2026
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Lindab Group’s sustainability work During 2026, Lindab Group continued to advance its sustaina- bility work through several initiatives in prioritised sustainability areas. Actions to reduce Scope 1 and 2 emissions continued throughout the Group. The latest available results cover the period January–June 2026. Health and safety remain a priority, with strong safety performance during the period January– September 2026 and ongoing efforts to reduce the number of workplace accidents. Together, these activities contribute to Lindab Group’s long-term sustainability ambitions and continuous improvement efforts. Developments in reduced carbon emissions and health and safety are described below. –56 % Lower CO2e emissions from own operations Scope 11) and 22) emissions decreased by 12 percent during the first six months of 2026 compared with the same period in 20253). The reduction was primarily driven by continued measures to increase the use of renewable electricity, the electrification of company cars and energy efficiency improvements across Lindab Group. <4.0 Strong safety performance with L TIF at 2.6 Lindab Group measures work-related accidents using the key performance indicator LTIF (number of workplace accidents per million hours worked), with a target of <4. LTIF was 2.6 as of 30 September 2026, unchanged compared with the full-year 2025 result. Continued safety improvements contribute to reducing risk behaviours, while perfor- mance is monitored regularly to support further improvements. 1) Direct emissions from operations owned or controlled by the company. 2) Indirect emissions from the generation of purchased electricity and heating consumed by the company. The Scope 2 emissions reported here are calculated using the market-based method. Biogenic CO₂ emissions are reported separately. The boundary of the SBTi target includes land-related emissions and removals associated with bioenergy feedstocks. 3) The comparative figures for Scope 1 for the period July–December 2025 have been adjusted due to identified errors from a small number of entities. The correction reduces previously reported emissions by 2,342 tonnes of CO₂e. Figures reported for 2022–2024 and January–June 2025 are not affected by the adjustment. Outcome 2026 Target Comments T otal emissions Scope 1 & 2 MB (ton CO2e) For more information about Lindab Group’s sustainability strategy, climate targets, safety work and sustainability initiatives, please see the 2025 Annual and Sustainability Report. Health and safety remain a key priority within Lindab Group’s sustainability efforts. 2022 20242023 0 5,000 10,000 15,000 20,000 25,000 Target to 2030 2025 2026 6M 3,803 Scope 1 Scope 2 /two.lnum/zero.lnum/two.lnum/two.lnum/two.lnum/zero.lnum/two.lnum/three.lnum/two.lnum/zero.lnum/two.lnum/four.lnum/two.lnum/zero.lnum/two.lnum/five.lnum Q/three.lnum /two.lnum/zero.lnum/two.lnum/six.lnum R/one.lnum/two.lnumM /zero.lnum /three.lnum /six.lnum /nine.lnum /one.lnum/two.lnum /one.lnum/five.lnum /two.lnum./six.lnum Target to 2026 L TIF LINDAB INTERNATIONAL AB (PUBL) | CORPORATE IDENTIFICATION NUMBER 556606-5446 | LINDABGROUP.COM | PUBLISHED 23 OCTOBER 2026 9 Q3 2026
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Other Parent Company Lindab International AB (publ), corporate identification number 556606-5446, is a registered limited liability company with its domicile in Båstad, Sweden. The Lindab share is listed on Nasdaq Stockholm, Large Cap. Net sales for the quarter amounted to SEK 2 m (2). Profit for the quarter amounted to SEK -1 m (0). Net sales for the period January-September amounted to SEK 5 m (5). Profit for the period amounted to SEK 212 m (710) and includes dividends from shares in subsidiaries amounting to SEK 217 m (719). Significant risks and uncertainties There have been no significant changes in relation to what was stated by Lindab Group in its Annual Report for 2025 under Risks and Risk Management (pages 58-59). Employees The number of employees, calculated as full-time equivalent employees, was 4,905 (5,049) at the end of the quarter. Adjusted for acquisitions and divestments, the net increase was 12 employ- ees compared to the same quarter previous year. Seasonal variations Lindab Group’s business is affected by seasonal variations in the construction industry, and the highest proportion of net sales is normally seen during the second half of the year. The largest seasonal variations can be found in the segment Profile Systems. Ventilation products are mainly installed indoors which is why the Ventilation Systems segment is less dependent on season or weather conditions. Incentive program Principles regarding guidelines for remuneration of senior executives were last adopted at the Annual General Meeting in 2024, principles that, according to a resolution, must be presented for adoption at the Annual General Meeting at least every four years. According to adopted guidelines, the remune- ration program for senior executives shall among other things include variable cash pay elements. Theses variable elements shall be based on measurable criteria, which reflects predeter- mined financial, sustainable and qualitative targets for Lindab. Based on previous resolution of the Annual General Meeting, a long-term performance share plan for key employees within the Lindab Group has been implemented in 2026. The program has a three-year measuring period and any outcome in terms of long-term variable cash pay is presumed to be invested in shares or share related instruments in Lindab on market terms. The total cost in the event of maximum outcome for the three-year measuring period of 2026 to 2028 is estimated to SEK 19 m. During the period, the outcome of the long-term incentive program for the performance period 2023–2025 was determined. For further information on remuneration principles and incentive programs, see the Lindab Group Annual Report 2025. Long-term Performance Share Plan The 2026 Annual General Meeting resolved to implement a long-term performance-based share program, the Perfor- mance Share Plan 2026. The program is directed to the CEO, members of the Group Management Team, and selected key personnel. The purpose is to strengthen the link between compensation and Lindab Groups’ long-term value creation. Participation requires that participants make a personal investment in Lindab shares at the start of the program. The entitlement to a free allocation of shares is based on the number of invested shares and a predetermined multiple. After a vesting period of three years, allocation may occur, provided that the participant remains employed and that the established performance conditions are met. The outcome of the program is based on the development of the total shareholder return of the Lindab share over a three-year measurement period. Allocation is determined linearly between predefined levels, from minimum to maximum allocation. The program is accounted for in accordance with IFRS 2 as a share-based compensation scheme. The fair value at the grant date is recognised as a personnel expense over the vesting period, based on the estimated number of shares expected to vest. As of 30 Sep- tember 2026, 80,351 performance shares were outstanding. The program had no impact on diluted earnings per share as of the reporting date. During the period, costs attributable to the program have been recognised within personnel expenses. The total accounting cost is estimated at approximately SEK 4 m, excluding social security charges, and is allocated over the vesting period. Annual General Meeting The Board of Directors has decided that the Annual General Meeting will be held on 12 May 2027. Notice to the meeting will be sent in due course. Dividend The Annual General Meeting, held on 12 May 2026, resolved a dividend of SEK 5.60 per share. The dividend is to be distri- buted half-yearly and the first payment of SEK 2.80 per share was distributed in May 2025. The second payment of SEK 2.80 per share with record date 3 November 2026 and expected payment on 6 November 2026. Nomination Committee In accordance with a resolution passed at the Annual Gene- ral Meeting, the Chairman of the Board, in conjunction with the company’s three largest shareholders, has appointed a Nomination Committee. Consequently, Markus Melkko (Oras Invest), Kristian Åkesson (Carnegie Fonder), Thomas Ehlin (Fjär- de AP-Fonden) och Peter Nilsson (Chairman of the Board of Lindab International AB) have formed a Nomination Committee prior to Lindab’s Annual General Meeting in May 2027. Markus Melkko has been appointed as Chairman of the Nomination Committee. 10 LINDAB INTERNATIONAL AB (PUBL) | CORPORATE IDENTIFICATION NUMBER 556606-5446 | LINDABGROUP.COM | PUBLISHED 23 OCTOBER 2026 Q3 2026
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Significant events during the reporting period On 13 July, Lindab Group completed the acquisition of the Irish ventilation distributor CVS, see Note 3. There are no other significant events to report. Significant events after the reporting period On 13 October, Lindab Group completed the acquisition of the Italian company Aernova S.r.l.. There are no other significant events to report. General information Unless other indicated in this interim report, all statements refer to the Group. Figures in parentheses indicate the result of the same period previous year. Unless other stated, amounts are in SEK m. Rounding differences may occur in tables as each individual line item is rounded separately based on the available under- lying data. As a result, totals may differ slightly from the sum of the reported line items. The interim report has been subject to specific review. This is a translation of the Swedish original report. In case of differences between the English translation and the Swedish original, the Swedish text shall prevail. LINDAB INTERNATIONAL AB (PUBL) | CORPORATE IDENTIFICATION NUMBER 556606-5446 | LINDABGROUP.COM | PUBLISHED 23 OCTOBER 2026 11 Q3 2026
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Net sales and segments Net sales and growth SEK m 2026 Jul-Sep 2025 Jul-Sep 2026 Jan-Sep 2025 Jan-Sep 2025 Jan-Dec Net sales 3,237 3,253 9,546 9,720 12,854 Change -16 -95 -174 -295 -469 Change, % 0 -3 -2 -3 -4 Of which - Organic, % 2 -4 0 -4 -4 - Acquisitions/divestments, % -2 3 -1 3 3 - Currency effects, % 0 -2 -1 -2 -3 Net sales per segment and region SEK m 2026 Jul-Sep % 2025 Jul-Sep % 2026 Jan-Sep % 2025 Jan-Sep % 2025 Jan-Dec % Ventilation Systems 2,608 81 2,581 79 7,706 81 7,712 79 10,205 79 - Nordic Region 771 30 718 28 2,373 31 2,275 29 3,066 30 - Western Europe 1,415 54 1,431 55 4,101 53 4,319 56 5,618 55 - Central Europe 316 12 305 12 908 12 754 10 1,050 10 - Other markets 106 4 127 5 324 4 364 5 471 5 Profile Systems 629 19 672 21 1,840 19 2,008 21 2,649 21 - Nordic Region 567 90 546 81 1,636 89 1,623 81 2,174 82 - Western Europe 39 6 43 6 106 6 116 6 151 6 - Central Europe 20 3 80 12 89 5 260 13 312 12 - Other markets 3 1 3 1 9 0 9 0 12 0 T otal 3,237 100 3,253 100 9,546 100 9,720 100 12,854 100 - Nordic Region 1,338 41 1,264 39 4,009 42 3,898 40 5,240 41 - Western Europe 1,454 45 1,474 45 4,207 44 4,435 46 5,769 45 - Central Europe 336 10 385 12 997 10 1,014 10 1,362 10 - Other markets 109 4 130 4 333 4 373 4 483 4 Number of employees by end of period Sep 30, 2026 % Sep 30, 2025 % Dec 31, 2025 % Ventilation Systems 4,185 85 4,232 84 4,198 85 Profile Systems 624 13 732 14 670 13 Other operations 96 2 85 2 90 2 T otal 4,905 100 5,049 100 4,958 100 12 LINDAB INTERNATIONAL AB (PUBL) | CORPORATE IDENTIFICATION NUMBER 556606-5446 | LINDABGROUP.COM | PUBLISHED 23 OCTOBER 2026 Q3 2026
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Net sales and segments (cont.) Segment reporting Ventilation Systems Profile Systems Other operations and eliminations T otal SEK m 2026 Jul-Sep 2025 Jul-Sep 2026 Jul-Sep 2025 Jul-Sep 2026 Jul-Sep 2025 Jul-Sep 2026 Jul-Sep 2025 Jul-Sep Net sales, external 2,608 2,581 629 672 - - 3,237 3,253 Net sales, internal between segments 0 0 9 7 -9 -7 - - Net sales, total 2,608 2,581 638 679 -9 -7 3,237 3,253 Operating profit 258 468 39 29 -14 -6 283 491 One-off items and restructuring cost - -194 - 18 - - - -176 Adjusted operating profit 258 274 39 47 -14 -6 283 315 Net financial items -53 -56 Profit before tax 230 435 Tax on profit for the period -43 -35 Profit for the period 187 400 Ventilation Systems Profile Systems Other operations and eliminations T otal SEK m 2026 Jan-Sep 2025 Jan-Sep 2026 Jan-Sep 2025 Jan-Sep 2026 Jan-Sep 2025 Jan-Sep 2026 Jan-Sep 2025 Jan-Sep Net sales, external 7,706 7,712 1,840 2,008 - - 9,546 9,720 Net sales, internal between segments 2 1 26 24 -28 -25 - - Net sales, total 7,708 7,713 1,866 2,032 -28 -25 9,546 9,720 Operating profit 675 952 66 80 -52 -32 689 1,000 One-off items and restructuring cost 15 -194 -15 18 - - 0 -176 Adjusted operating profit 690 758 51 98 -52 -32 689 824 Net financial items -151 -159 Profit before tax 538 841 Tax on profit for the period -106 -122 Profit for the period 432 719 1) One-off items and restructuring costs included in adjusted operating profit are described in ’Reconciliations’ page 25. LINDAB INTERNATIONAL AB (PUBL) | CORPORATE IDENTIFICATION NUMBER 556606-5446 | LINDABGROUP.COM | PUBLISHED 23 OCTOBER 2026 13 Q3 2026
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Condensed consolidated statement of profit or loss SEK m 2026 Jul–Sep 2025 Jul–Sep 2026 Jan–Sep 2025 Jan–Sep R12M 2025 Oct- 2026 Sep 2025 Jan–Dec Net sales 3,237 3,253 9,546 9,720 12,680 12,854 Cost of goods sold -2,293 -2,317 -6,824 -6,951 -9,083 -9,210 Gross profit 944 936 2,722 2,769 3,597 3,644 Other operating income 15 301 71 349 117 395 Selling expenses -413 -400 -1,273 -1,232 -1,728 -1,687 Administrative expenses -229 -209 -700 -666 -920 -886 Research and development expenses -21 -21 -68 -66 -91 -89 Other operating expenses -13 -116 -63 -154 -189 -280 T otal operating expense -661 -445 -2,033 -1,769 -2,811 -2,547 Operating profit1) 283 491 689 1,000 786 1,097 Interest income 1 3 5 9 8 13 Interest expenses -54 -59 -152 -175 -206 -229 Other financial income and expenses 0 0 -3 7 -3 7 Financial items -53 -56 -151 -159 -201 -209 Profit before tax 230 435 538 841 585 888 Tax on profit for the period -43 -35 -106 -122 -112 -128 Profit for the period 187 400 432 719 473 760 – attributable to the Parent Company’s shareholders 187 400 432 719 473 760 Earnings per share, before dilution, SEK2) 2.42 5.19 5.60 9.34 6.12 9.86 Earnings per share, after dilution, SEK2) 2.42 5.19 5.60 9.34 6.12 9.86 1) For one-off items and restructuring costs recognized within operating profit, see page 25 for reconciliation. 2) Based on the number of outstanding shares, i.e. excluding treasury shares. Condensed consolidated statement of comprehensive income SEK m 2026 Jul–Sep 2025 Jul–Sep 2026 Jan–Sep 2025 Jan–Sep R12M 2025 Oct- 2026 Sep 2025 Jan–Dec Profit for the period 187 400 432 719 473 760 Items that will not be reclassified to the statement of profit or loss Actuarial gains/losses, defined benefit plans 16 22 5 41 18 54 Deferred tax attributable to defined benefit plans -3 -4 -1 -8 -4 -11 T otal 13 18 4 33 14 43 Items that will later be reclassified to the statement of profit or loss Translation differences, foreign operations 145 -63 354 -373 210 -517 Hedges of net investments -36 14 -79 69 -42 106 Tax attributable to hedges of net investments 7 -4 16 -14 8 -22 T otal 116 -53 291 -318 176 -433 Other comprehensive income, net of tax 129 -35 295 -285 190 -390 T otal comprehensive income attributable to the Parent Company’s shareholders 316 365 727 434 663 370 14 LINDAB INTERNATIONAL AB (PUBL) | CORPORATE IDENTIFICATION NUMBER 556606-5446 | LINDABGROUP.COM | PUBLISHED 23 OCTOBER 2026 Q3 2026
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Condensed consolidated statement of financial position SEK m Sep 30, 2026 Sep 30, 2025 Dec 31, 2025 ASSETS Non-current assets Goodwill 5,984 5,813 5,721 Other intangible assets 616 522 539 Tangible fixed assets 1,923 1,955 1,916 Right-of-use assets 1,291 1,364 1,398 Financial interest-bearing fixed assets 39 22 21 Other financial fixed assets 13 13 13 Deferred tax assets 163 139 149 T otal non-current assets 10,029 9,828 9,757 Current assets Inventory 2,316 2,217 2,111 Accounts receivable 2,413 2,253 1,813 Other current assets 490 460 382 Other interest-bearing receivables 11 11 16 Cash and cash equivalents 456 506 442 Assets held for sale - 123 108 T otal current assets 5,686 5,570 4,872 TOTAL ASSETS 15,715 15,398 14,629 SHAREHOLDERS’ EQUITY AND LIABILITIES Shareholders’ equity attributable to Parent Company shareholders 7,615 7,383 7,319 T otal shareholders’ equity 7,615 7,383 7,319 Non-current liabilities Provisions for pensions and similar obligations 269 274 265 Liabilities to credit institutions 3,250 3,143 2,971 Lease liabilities 985 1,079 1,099 Deferred tax liabilities 198 203 194 Provisions 16 13 13 Other non-current liabilities 47 90 74 T otal non-current liabilities 4,765 4,802 4,616 Current liabilities Other interest-bearing liabilities 71 95 29 Lease liabilities 390 359 377 Provisions 196 154 235 Accounts payable 1,114 1,043 889 Other current liabilities 1,564 1,505 1,110 Liabilities held for sale - 57 54 T otal current liabilities 3,335 3,213 2,694 TOTAL SHAREHOLDERS’ EQUITY AND LIABILITIES 15,715 15,398 14,629 LINDAB INTERNATIONAL AB (PUBL) | CORPORATE IDENTIFICATION NUMBER 556606-5446 | LINDABGROUP.COM | PUBLISHED 23 OCTOBER 2026 15 Q3 2026
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Condensed consolidated statement of changes in equity Shareholders’ equity attributable to Parent Company shareholders SEK m Share capital Other contributed capital Foreign currency translation reserve Profit brought forward incl. profit for the year T otal share- holders’ equity Opening balance, January 1, 2025 79 2,272 767 4,242 7,360 Profit for the period 719 719 Other comprehensive income, net of tax Actuarial gains/losses, defined benefit plans 33 33 Translation differences, foreign operations -373 -373 Hedges of net investments 55 55 Total comprehensive income - - -318 752 434 Issuance/exercise of share options 5 5 Dividends to shareholders -416 -416 Transactions with shareholders - - - -411 -411 Closing balance, September 30, 2025 79 2,272 449 4,583 7,383 Profit for the period 41 41 Other comprehensive income, net of tax Actuarial gains/losses, defined benefit plans 10 10 Translation differences, foreign operations -144 -144 Hedges of net investments 29 29 Total comprehensive income - - -115 51 -64 Closing balance, December 31, 2025 79 2,272 334 4,634 7,319 Opening balance, January 1, 2026 79 2,272 334 4,634 7,319 Profit for the period 432 432 Other comprehensive income, net of tax Actuarial gains/losses, defined benefit plans 4 4 Translation differences, foreign operations 354 354 Hedges of net investments -63 -63 Total comprehensive income - - 291 436 727 Dividends to shareholders -431 -431 Transactions with shareholders - - - -431 -431 Closing balance, September 30, 2026 79 2,272 625 4,639 7,615 Share capital As of 30 September 2026, share capital amounted to SEK 78,842,820 (78,842,820), divided into 78,842,820 shares (78,842,820) with a nominal value of SEK 1.00 per share. At the same date, Lindab International AB (publ) held 1,806,888 treasury shares (1,806,888), corresponding to 2.3 percent (2.3) of the total number of shares. Accordingly, the number of outstanding shares as of 30 September 2026 amounted to 77,035,932 (77,035,932). Appropriation of profits In accordance with the proposal of the Board of Directors, the Annual General Meeting on 12 May 2026, decided that dividends of SEK 5.60 per share, corresponding to SEK 431 m, would be paid for the financial year. The remaining retained earnings of SEK 2,281 m will be carried forward. The dividend of SEK 5.60 per share will be distributed half-yearly, with the first dividend of SEK 2.80 per share, corresponding to SEK 216 m, with record date 15 May 2026 and the second dividend of SEK 2.80 per share, corresponding to SEK 216 m, with record date 3 November 2026. 16 LINDAB INTERNATIONAL AB (PUBL) | CORPORATE IDENTIFICATION NUMBER 556606-5446 | LINDABGROUP.COM | PUBLISHED 23 OCTOBER 2026 Q3 2026
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Condensed consolidated statement of cash flows SEK m 2026 Jul–Sep 2025 Jul–Sep 2026 Jan–Sep 2025 Jan–Sep R12M 2025 Oct- 2026 Sep 2025 Jan–Dec OPERATING ACTIVITIES Operating profit 283 491 689 1,000 786 1,097 Reversal of depreciation/amortisation and impairment losses 174 247 510 584 680 754 Reversal of capital gains (-)/losses (+) reported in operating profit 1 32 -21 24 -11 34 Provisions, not affecting cash flow -6 -7 9 8 94 93 Adjustment for other items not affecting cash flow -8 -270 -10 -275 -12 -277 T otal 444 493 1,177 1,341 1,537 1,701 Interest received 2 3 4 8 9 13 Interest paid -54 -61 -152 -168 -204 -220 Tax paid -45 -35 -165 -84 -219 -138 Cash flow from operating activities before changes in working capital 347 400 864 1,097 1,123 1,356 Change in working capital Inventory (increase -/decrease +) -31 -7 -127 -37 -51 39 Operating receivables (increase -/decrease +) -52 -64 -479 -387 -30 62 Operating liabilities (increase +/decrease -) -29 6 297 153 34 -110 Total change in working capital -112 -65 -309 -271 -47 -9 Cash flow from operating activities 235 335 555 826 1,076 1,347 INVESTING ACTIVITIES Acquisition of Group companies -21 -218 -54 -251 -54 -251 Divestment of Group companies 0 - 15 46 37 68 Investments in intangible assets -30 -31 -100 -96 -141 -137 Investments in tangible fixed assets -44 -50 -132 -147 -179 -194 Change in financial fixed assets 0 0 0 0 0 0 Disposal of intangible assets - - 0 - 0 0 Disposal of tangible fixed assets 9 1 37 5 38 6 Cash flow from investing activities -86 -298 -234 -443 -299 -508 FINANCING ACTIVITIES Proceeds from loans - 99 182 150 32 - Repayment of loans -122 - - -18 -57 -75 Repayment of lease liabilities -101 -94 -293 -287 -393 -387 Issuance/exercise of share options - 5 - 5 - 5 Dividends to shareholders - - -216 -208 -424 -416 Cash flow from financing activities -223 10 -327 -358 -842 -873 Cash flow for the period -74 47 -6 25 -65 -34 Cash and cash equivalents at beginning of the period 527 468 442 499 506 499 Effect of exchange rate differences on cash and cash equivalents 3 -9 20 -18 15 -23 Cash and cash equivalents at end of the period 456 506 456 506 456 442 LINDAB INTERNATIONAL AB (PUBL) | CORPORATE IDENTIFICATION NUMBER 556606-5446 | LINDABGROUP.COM | PUBLISHED 23 OCTOBER 2026 17 Q3 2026
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Parent Company Condensed income statement SEK m 2026 Jul–Sep 2025 Jul–Sep 2026 Jan–Sep 2025 Jan–Sep 2025 Jan–Dec Net sales 2 2 5 5 6 Administrative expenses -3 -3 -11 -11 -13 Other operating income and expenses 0 - 0 - - Operating profit/loss -1 -1 -6 -6 -7 Profit from subsidiaries 0 0 217 719 744 Interest income, intra-Group 0 1 0 1 1 Interest expenses, intra-Group 0 0 0 -6 -6 Profit before tax -1 0 211 708 732 Tax on profit for the period 0 0 1 2 -3 Profit or loss for the period1) -1 0 212 710 729 1) Comprehensive income corresponds to profit for all periods. Condensed balance sheet SEK m Sep 30, 2026 Sep 30, 2025 Dec 31, 2025 ASSETS Non-current assets Financial fixed assets Shares in Group companies 3,467 3,467 3,467 Financial interest-bearing fixed assets 4 4 4 Deferred tax assets 1 1 1 T otal non-current assets 3,472 3,472 3,472 Current assets Receivables from Group companies 19 210 30 Current tax assets 15 16 6 Prepaid expenses and accrued income 0 0 0 Cash and cash equivalents 0 0 0 T otal current assets 34 226 36 TOTAL ASSETS 3,506 3,698 3,508 SHAREHOLDERS’ EQUITY AND LIABILITIES Shareholders’ equity Restricted shareholders’ equity Share capital 79 79 79 Statutory reserve 708 708 708 Unrestricted shareholders’ equity Share premium reserve 90 90 90 Profit brought forward 2,191 1,894 1,894 Profit/loss for the period 212 710 729 T otal shareholders’ equity 3,280 3,481 3,500 Provisions Interest-bearing provisions 4 4 4 T otal provisions 4 4 4 Current liabilities Liabilities to Group companies 0 0 0 Accrued expenses and deferred income 5 5 4 Other liabilities 217 208 0 T otal current liabilities 222 213 4 TOTAL SHAREHOLDERS’ EQUITY AND LIABILITIES 3,506 3,698 3,508 18 LINDAB INTERNATIONAL AB (PUBL) | CORPORATE IDENTIFICATION NUMBER 556606-5446 | LINDABGROUP.COM | PUBLISHED 23 OCTOBER 2026 Q3 2026
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Key performance indicators 2026 2025 2024 SEK m Jul–Sep Apr–Jun Jan–Mar Oct–Dec Jul–Sep Apr–Jun Jan–Mar Oct–Dec Jul–Sep Net sales 3,237 3,306 3,003 3,134 3,253 3,253 3,214 3,308 3,348 Growth, % 0 2 -7 -5 -3 -8 2 1 3 - of which organic 2 1 -3 -3 -4 -6 -3 -5 -4 - of which acquisitions/divestments -2 1 0 2 3 2 5 6 9 - of which currency effects 0 0 -4 -4 -2 -4 0 0 -2 Operating profit before depreciation/amortisation and impairment losses 457 387 355 267 738 444 402 367 443 Operating profit 283 218 188 97 491 281 228 -101 274 Adjusted operating profit 283 218 188 203 315 281 228 177 304 Profit before tax 230 170 138 47 435 221 185 -175 208 Profit for the period 187 137 108 41 400 174 145 -173 158 Operating margin, % 8.7 6.6 6.3 3.1 15.1 8.6 7.1 -3.1 8.2 Adjusted operating margin, % 8.7 6.6 6.3 6.5 9.7 8.6 7.1 5.4 9.1 Adjusted EBITA margin, % 9.1 6.9 6.6 6.8 10.0 9.0 7.4 5.6 9.3 Profit margin before tax, % 7.1 5.1 4.6 1.5 13.4 6.8 5.8 -5.3 6.2 Cash flow from operating activities 235 275 45 521 335 331 160 629 259 Cash flow from operating activities per share, SEK 3.05 3.57 0.58 6.76 4.35 4.30 2.08 8.17 3.36 Free cash flow 149 193 -21 456 37 293 53 409 185 Adjusted free cash flow 170 211 -21 434 255 256 77 583 222 Cash flow, investments in intangible assets/ tangible fixed assets -74 -88 -70 -88 -81 -76 -86 -48 -41 Number of shares outstanding, thousands 77,036 77,036 77,036 77,036 77,036 77,036 77,036 77,036 77,036 Average number of shares outstanding R12M, thousands 77,036 77,036 77,036 77,036 77,036 77,036 76,990 76,944 76,898 Earnings per share, before dilution, SEK 2.42 1.77 1.41 0.52 5.19 2.26 1.89 -2.24 2.05 Earnings per share, after dilution, SEK 2.42 1.77 1.41 0.52 5.19 2.26 1.89 -2.24 2.05 Shareholders’ equity attributable to Parent Company shareholders 7,615 7,299 7,501 7,319 7,383 7,018 7,193 7,360 7,445 Shareholders’ equity per share, SEK 98.85 94.75 97.37 95.01 95.84 91.10 93.38 95.54 96.64 Net debt 4,459 4,497 4,410 4,262 4,411 4,456 4,366 4,510 4,385 Adjusted net debt 3,084 3,087 2,936 2,786 2,973 2,952 2,807 2,929 2,912 Financial net debt 2,836 2,828 2,686 2,542 2,722 2,684 2,554 2,649 2,659 Net debt/equity ratio, times 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 Equity/asset ratio, % 48.5 47.3 49.6 50.0 48.0 46.0 47.3 47.7 46.9 Return on shareholders’ equity, % 6.4 9.4 9.9 10.5 7.5 4.2 4.7 4.3 9.2 Return on capital employed, % 6.8 8.6 8.8 10.0 8.0 6.1 6.9 6.2 9.3 Interest coverage ratio, times 5.3 4.5 3.8 1.8 8.4 4.9 4.1 -1.3 4.1 Net debt/EBITDA excluding one-off items and restructuring costs, times 2.8 2.7 2.6 2.6 2.7 2.7 2.6 2.5 2.3 Financial net debt/EBITDA excluding IFRS 16, excluding one-off items and restructuring costs, times 2.4 2.3 2.2 2.1 2.1 2.1 2.1 2.0 1.7 Number of employees at end of period 4,905 4,923 4,979 4,958 5,049 4,995 5,046 5,123 5,153 LINDAB INTERNATIONAL AB (PUBL) | CORPORATE IDENTIFICATION NUMBER 556606-5446 | LINDABGROUP.COM | PUBLISHED 23 OCTOBER 2026 19 Q3 2026
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Key performance indicators (cont.) SEK m 2026 Jan–Sep 2025 Jan–Sep 2025 Jan–Dec 2024 Jan–Dec 2023 Jan–Dec Net sales 9,546 9,720 12,854 13,323 13,114 Growth, % -2 -3 -4 2 6 - of which organic 0 -4 -4 -5 -9 - of which acquisitions/divestments -1 3 3 7 10 - of which currency effects -1 -2 -3 0 5 Operating profit before depreciation/amortisation and impairment losses 1,199 1,585 1,851 1,704 1,781 Operating profit 689 1,000 1,097 736 1,178 Adjusted operating profit 689 824 1,027 1,044 1,178 Profit before tax 538 841 888 461 1,008 Profit for the period 432 719 760 315 849 Operating margin, % 7.2 10.3 8.5 5.5 9.0 Adjusted operating margin, % 7.2 8.5 8.0 7.8 9.0 Adjusted EBITA margin, % 7.6 8.8 8.3 8.1 9.2 Profit margin before tax, % 5.6 8.7 6.9 3.5 7.7 Cash flow from operating activities 555 826 1,347 1,438 1,711 Cash flow from operating activities per share, SEK 7.20 10.72 17.49 18.69 22.30 Free cash flow 321 383 839 -163 951 Adjusted free cash flow 360 588 1,022 1,219 1,424 Cash flow, investments in intangible assets/tangible fixed assets -232 -243 -331 -229 -294 Number of shares outstanding, thousands 77,036 77,036 77,036 77,036 76,852 Average number of shares outstanding R12M, thousands 77,036 77,036 77,036 76,944 76,743 Earnings per share, before dilution, SEK 5.60 9.34 9.86 4.10 11.07 Earnings per share, after dilution, SEK 5.60 9.34 9.86 4.10 11.07 Dividend per share, SEK - - 5.601) 5.40 5,40 Shareholders’ equity attributable to Parent Company shareholders 7,615 7,383 7,319 7,360 7,237 Shareholders’ equity per share, SEK 98.85 95.84 95.01 95.54 94.16 Net debt 4,459 4,411 4,262 4,510 3,264 Adjusted net debt 3,084 2,973 2,786 2,929 1,894 Financial net debt 2,836 2,722 2,542 2,649 1,670 Net debt/equity ratio, times 0.6 0.6 0.6 0.6 0.5 Equity/asset ratio, % 48.5 48.0 50.0 47.7 53.4 Return on shareholders’ equity, % 6.4 7.5 10.5 4.3 12.0 Return on capital employed, % 6.8 8.0 10.0 6.2 10.7 Interest coverage ratio, times 4.5 5.8 4.9 2.7 6.6 Net debt/EBITDA excluding one-off items and restructuring costs, times 2.8 2.7 2.6 2.5 1.9 Financial net debt/EBITDA excluding IFRS 16, excluding one-off items and restructuring costs, times 2.4 2.1 2.1 2.0 1.4 Number of employees at end of period 4,905 5,049 4,958 5,123 4,909 1) The dividend for 2025 is distributed half-yearly, with SEK 2.80 per share in May 2026, and SEK 2.80 per share in November 2026. 20 LINDAB INTERNATIONAL AB (PUBL) | CORPORATE IDENTIFICATION NUMBER 556606-5446 | LINDABGROUP.COM | PUBLISHED 23 OCTOBER 2026 Q3 2026
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Notes Note 1 Accounting policies The consolidated financial statements for the interim report have, in accordance with the annual financial statements for 2025, been pre pared in compliance with International Financial Reporting Standards (IFRS® Accounting Standards) and interpretations issued by the IFRS® Interpretations Committee (IFRIC Interpretations), as adopted by the European Union, and the Swedish Annual Accounts Act. The interim report has been prepared in accordance with IAS 34 Inte- rim Financial Reporting. The Group applies the same accounting policies and calculation methods as described in the Annual Report for 2025. The interim report for Lindab Group should be read in conjunction with the Group’s Annual Report for 2025, as it provides additional information and disclosures. Disclosures in accordance with IAS 34 paragraph 16A Interim Financial Reporting are provided both in the notes and elsewhere in the interim report. None of the new or amended standards, interpretations or improve- ments adopted by the EU have had any material impact on the Group. Standards issued but not yet effective have not been applied early. New or amended IFRS Accounting Standards and new IFRIC Interpre- tations not yet effective IFRS 18 Presentation and Disclosure in Financial Statements replaces IAS 1 Presentation of Financial Statements and is expected to primarily affect presentation and disclosures relating to the income statement and performance measures defined by the Group. The standard introduces, among other things, new requirements for the classification of income and expenses, mandatory subtotals in the income statement, disclo- sures for management-defined performance measures and enhanced requirements for aggregation and disaggregation. The standard is effective for annual reporting periods beginning on or after 1 January 2027. The Group will apply IFRS 18 from 1 January 2027 and the standard will be applied retrospectively. The assessment of the impact of the transition to IFRS 18 and prepara- tions for implementation are ongoing. The final impact has not yet been determined. Based on the analysis performed to date, certain income and expense items currently included in financial items are expected to be classified differently under IFRS 18. The analysis also covers mana- gement-defined performance measures, aggregation and disaggrega- tion and the consequential amendments to the statement of cash flows The Parent Company The financial statements of the Parent Company have been prepared in accordance with the Swedish Annual Accounts Act and RFR 2, Accounting for Legal Entities, issued by the Swedish Council for Sustainability and Financial Reporting, and in accordance with the same accounting policies as applied in the Annual Report for 2025. Note 2 Effects of changes in accounting estimates and judge- ments Significant estimates and judgements are disclosed in Note 4 of the Annual Report for 2025. No changes have been made to the significant estimates and judgements described in the Annual Report for 2025 that are considered to have had any material impact on the Group’s financial position or results during the current interim period. Note 3 Business combinations Connaught Ventilation Supplies Limited (CVS) On 13 July 2026, Lindab Group completed the acquisition of all shares and voting rights in Connaught Ventilation Supplies Limited (CVS). CVS is a distributor of ventilation products headquartered in Galway in wes- tern Ireland and carries out limited production of ventilation ductwork. The acquisition strengthens Lindab Group’s market presence in Ireland and establishes operations in western Ireland, a region with high construction activity. The acquisition also creates new business oppor- tunities through a broader offering and increased sales potential for Lindab Group’s products through CVS’s existing customer base. CVS has annual sales of approximately SEK 20 m and had five employees at the acquisition date. The company has good profitability. The acquisition was financed through existing credit facilities. The purchase price amounted to SEK 41 m, of which SEK 21 m was paid in cash and SEK 20 m relates to contingent consideration. The con- tingent consideration is linked to the company’s earnings performance over a two-year period. According to the preliminary purchase price allocation as of 30 September 2026, the acquisition resulted in goodwill of SEK 35 m. The goodwill is mainly attributable to the strengthened market position in Ireland, expected synergies and future growth opportunities. The pur- chase price allocation may be adjusted during the measurement period permitted under IFRS 3. From the acquisition date until 30 September 2026, the acquisition contributed net sales of approximately SEK 5 m. The acquisition had a positive impact on profit after tax. CVS is included in the Ventilation Systems segment. Divestment of Lindab SRL On 16 June 2026, Lindab Group completed the divestment of all shares in Lindab SRL, Romania. The divestment constituted the final step in the previously announced restructuring of the Profile Systems business in Eastern Europe. In connection with the divestment, the assets and liabilities previously classified as held for sale were derecognised from the Group’s statement of financial position. The Group’s profit for the period included the results of the operations up until 16 June 2026, when control was transferred to the buyers. During the second quarter, the operations generated net sales of SEK 34 m (58) and adjusted operating profit of SEK 2 m (6). The agreed purchase price amounted to SEK 42 m and will partly be settled after completion through agreed instalment payments with maturities extending until June 2029. The deferred portion of the purchase price is recognised as an interest-bearing financial receivable. The receivable is initially recognised at fair value by discounting future cash flows and was subsequently measured at amortised cost. Interest income on the receivable is recognised as financial income. For further information, see Note 7. The divestment resulted in a neutral capital gain for the Group and previously recognised restructuring provisions related to the withdrawal from operations in Eastern Europe were therefore reversed through profit or loss. A negative effect from the recycling of accumulated trans- lation differences amounted to SEK 7 m. Other Adjustments to the contingent considerations from the acquisition date until the settlement date are recognised in the statement of profit or loss. Financial effects of changes in estimates are reported as other operating income or other operating expenses, respectively. Discoun- ting effects related to the present value calculation of the contingent considerations are recognised in the Group’s financial items, net, together with any related exchange rate effects. Reported operating profit for the quarter and the period January-Sep- tember was positively affected by SEK 5 m related to revised estima- tes of outstanding contingent considerations. The financial effects of revised estimates are recognised within other operating income. In addition, the Group’s net financial items were affected by discounting effects relating to contingent considerations measured at fair value in accordance with level 3 of the fair value hierarchy. Unrealised exchange rate effects related to these liabilities were minor during the quarter or the period January-September. The contingent considerations will be settled in full or in part de- pending on whether future expectations regarding identified financial performance levels are met over a two- or three-year period. The total potential undiscounted amount of all outstanding future contingent considerations ranges between SEK 0–57 m. As of 30 September 2026, 100 percent of the maximum outcome was expected to be realised. No contingent consideration was settled in cash during the quarter. During the period January-September 2026, settlement of contingent conside- ration amounted to SEK 33 m. Note 4 Operating segments The Group’s segments consist of Ventilation Systems and Profile Systems. The basis for segmental reporting is the various customer offers provided by each business area. The customer offers within each segment were as follows: • Ventilation Systems offers air duct systems with accessories and indoor climate solutions for ventilation of heating and cooling to installers and other customers in the ventilation industry. • Profile Systems offers the construction industry products and systems in sheet metal for rainwater systems, cladding for ceilings and walls as well as steel profiles for wall, ceiling and beam constructions. Both Ventilation Systems’ and Profile Systems’ operations are managed based on geographically divided sales organisations, which are supported by a number of product and system areas with joint production and purchasing functions for each business area. What is reported under Other includes the Parent Company and other common functions. LINDAB INTERNATIONAL AB (PUBL) | CORPORATE IDENTIFICATION NUMBER 556606-5446 | LINDABGROUP.COM | PUBLISHED 23 OCTOBER 2026 21 Q3 2026
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Information on income from external customers and adjusted operating profit per operating segment is presented in the tables on page 12–13. See also pages 5-6 for further segment information. Internal prices between the Group’s segments are set based on the principle of arm’s length, that is, between parties that are independent of each other, well-informed and have an interest in the transaction being carried out. Assets and investments are reported where the asset exists. Note 5 Investments Investments in intangible assets and tangible fixed assets during the quarter amounted to SEK 77 m (81), of which SEK 33 m (31) was related to investments in intangible assets. Investments in intangible assets and tangible fixed assets during the period January-September amounted to SEK 235 m (243), of which SEK 103 m (96) was related to investments in intangible assets. Note 7 Financial instruments measured at fair value SEK m Sep 30, 2026 Sep 30, 2025 Dec 31, 2025 Disclosures regarding the fair value by class Carrying amount Fair value Carrying amount Fair value Carrying amount Fair value Financial assets Long-term interest-bearing receivables 18 18 - - - - Short-term interest-bearing receivables 10 10 - - - - Derivative receivables 14 14 10 10 16 16 Financial liabilities Liabilities to credit institutions 3,250 3,233 3,233 3,233 2,973 2,965 Acquisition-related contingent considerations1) 57 57 - - 20 20 Derivative liabilities 1 1 1 1 3 3 1) For information of discount effects for the period January-September 2026, see Note 3. Description of fair value Derivates Derivatives relate to forward exchange contracts which are valued at fair value by discounting the difference between the contracted forward rate and the forward rate that can be subscribed for on the balance she- et date for the remaining contract term. Derivative assets and derivative liabilities that are recognised can all be found at level 2 of the fair value hierarchy, based on the definition of IFRS 13 Fair Value Measurement. Interest-bearing receivables Interest-bearing receivables are measured at amortised cost when they are held for the purpose of collecting contractual cash flows and the contractual terms give rise to cash flows that are solely payments of principal and interest on the outstanding principal amount. The receivable relates to deferred consideration arising from the dis- posal of Lindab SRL in Romania. The consideration is payable in several instalments over the three-year period following the date of disposal. The fair value has been determined by discounting the future con- tractual cash flows attributable to the receivable to present value. The valuation is based on significant unobservable inputs and is therefore classified as Level 3 within the fair value hierarchy. The most significant unobservable input is the risk-adjusted discount rate, which has been assessed as corresponding to the market rate that a market participant would use when valuing a comparable receivable. In determining the discount rate, consideration has been given to the receivable’s maturity, credit risk and contractual collateral arrange- ments. Had the discount rate been 1 percentage point higher or lower, the estimated fair value at the reporting date would have been approx- imately EUR 38 thousand lower or higher, respectively. Note 6 Depreciation/amortisation and impairment Depreciation and amortisation for the quarter amounted to SEK 174 m (169), of which SEK 56 m (61) was related to tangible fixed assets, SEK 19 m (14) was related to intangible assets and SEK 99 m (94) to right of use assets. During the quarter, previously recognized impairment losses of SEK 1 m were reversed (78). Depreciation and amortisation for the period January–September amounted to SEK 510 m (506), of which SEK 166 m (168) was related to tangible fixed assets, SEK 49 m (51) was related to intangible assets and SEK 295 m (287) to right of use assets. During the period January-Sep- tember, previously recognized impairment losses of SEK 1 m were reversed (78). Liabilities to credit institutions The fair value of interest-bearing liabilities to credit institutions is disclo- sed for information purposes. The fair value is calculated by discounting the future cash flows of principal and interest using the current market interest rate. Acquisition-related contingent consideration Acquisition-related contingent consideration refers to financial liabilities that arose in connection with business combinations and are measured at fair value. The fair value has been determined by discounting of cash flows and is classified as level 3 in the fair value hierarchy as defined in IFRS 13 Fair Value Measurement. Recognised fair value corresponds to the present value obtained by discounting a probability-weighted average of possible future cash flows, which are assessed to be settled according to existing acquisition agreements, and with a discount factor that is based on a risk-adjusted discount rate. The fair value of acquisition-related contingent conside- ration is primarily sensitive to assumptions about discount rates and future cash flows. Reasonably possible changes in these assumptions are not expected to have any material impact on the Group’s financial position or results. Other During the period, there has not been any transfers between the levels of the fair value hierarchy. There were no significant interrelationships between non-observable data that significantly affect fair values. For other financial assets and liabilities, the carrying amount is deemed to be a reasonable approximation of fair value. The Group holdings of unlisted shares, and where the fair value cannot be estimated reliably, are recognised at acquisition cost. The recognised carrying amount for these holdings is SEK 4 m (4). 22 LINDAB INTERNATIONAL AB (PUBL) | CORPORATE IDENTIFICATION NUMBER 556606-5446 | LINDABGROUP.COM | PUBLISHED 23 OCTOBER 2026 Q3 2026
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Note 8 Tax Profit before tax for the quarter amounted to SEK 230 m (435), and tax on profit was SEK 43 m (35). The effective tax rate amounted to 19 per- cent (8), while the average tax rate was 20 percent (21). The difference between the effective tax rate and the average tax rate for the period was mainly explained by positive adjustments relating to prior years. The higher effective tax rate compared with previous year was mainly due to the previous year’s tax rate being positively affected by non-tax- able income related to reduction in contingent consideration. Profit before tax for the period January–September amounted to SEK 538 m (841), and tax on profit was SEK 106 m (122). The effective tax rate amounted to 20 percent (15), while the average tax rate was 20 percent (21). The higher effective tax rate compared to the correspon- ding tax rate previous year was mainly explained by the positive impact in the previous year from non-taxable income related to the reduction in contingent consideration. In the period, Lindab Group has taken into account the rules on global minimum level of tax according to Pillar Two. The impact of the rules on the effective tax rate was limited. Note 9 Related party transactions Lindab Groups’ related parties and the extent of transactions with related parties are described in Note 33 in the Annual Report for 2025. At the Annual General Meeting in May 2026, it was resolved to establish a long-term performance share plan for key employees within Lindab Group. For further details, see Long-term Performance Share Plan and Incentive progam on page 10. During the period, there have been no other transactions between Lindab and related parties which have had a significant impact on the company’s position and profit. LINDAB INTERNATIONAL AB (PUBL) | CORPORATE IDENTIFICATION NUMBER 556606-5446 | LINDABGROUP.COM | PUBLISHED 23 OCTOBER 2026 23 Q3 2026
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Introduction We have reviewed the interim report for Lindab International AB (publ), org nr 556606-5446, for the period 1 January 2026 to 30 September 2026. The Board of Directors and the CEO are responsible for the preparation and presentation of this interim financial report in accordance with IAS 34 and the Annual Ac- counts Act. Our responsibility is to express a conclusion on this interim financial report based on our review. Scope of review We conducted our review in accordance with the International Standard on Review Engagements ISRE 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity. A review consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review has a different focus and is substantially less in scope than an audit conducted in accordance with ISA and other generally accepted auditing practices. The procedures performed in a review do not enable us to obtain a level of assurance that would make us aware of all significant matters that might be identified in an audit. Therefore, the conclusion expressed based on a review does not give the same level of assurance as a conclusion expressed based on an audit. Conclusion Based on our review, nothing has come to our attention that causes us to believe that the interim report is not, in all material respects, prepared for the Group in accordance with IAS 34 and the Annual Accounts Act and for the parent company in accordance with the Annual Accounts Act. Gothenburg, 22 October 2026 Deloitte AB Harald Jagner Authorised Public Accountant Auditor’s review report To the Board of Directors of Lindab International AB (publ), corp. ID no. 556606-5446 24 LINDAB INTERNATIONAL AB (PUBL) | CORPORATE IDENTIFICATION NUMBER 556606-5446 | LINDABGROUP.COM | PUBLISHED 23 OCTOBER 2026 Q3 2026
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Reconciliations, key performance indicators not defined according to IFRS The company presents certain financial measures in the interim report which are not defined according to IFRS. The company considers these measures to provide valuable supple- mentary information for investors and the company’s management as they enable the assessment of relevant trends. Lindab Group’s definitions of these measures may differ from other companies’ definitions of the same terms. These financial measures should therefore be seen as a supplement Amounts in SEK m unless otherwise indicated. One-off items and restructuring costs 2026 Jul–Sep 2025 Jul–Sep 2026 Jan–Sep 2025 Jan–Sep 2025 Jan–Dec Operating profit 283 491 689 1,000 1,097 Ventilation Systems - -194 15 -194 -98 Profile Systems - 18 -15 18 18 Other operations - - - - 10 T otal one-off items and restructuring costs - -176 0 -176 -70 Adjusted operating profit 283 315 689 824 1,027 During the third quarter no one-off items and restructuring costs were reported (SEK 176 m) For the period January–September 2026 one-off items and restructuring costs amounted net to SEK 0 m (176). The Ventilation Systems segment included a capital gain of SEK 20 m from the divestment of a property in Denmark, which was fully offset by one-off items and restructuring costs of SEK -20 m. As a result of the divestment of the Romanian operations, SEK 15 m of restructuring costs was reallocated between the Ven- tilation Systems and Profile Systems segments, with no impact on profit or loss at Group level. Previously recognised restructuring provisions related to the closure of operations in Eastern Europe were reversed through profit or loss. Return on shareholders’ equity Sep 30, 2026 Sep 30, 2025 Dec 31, 2025 Profit for the period, rolling twelve months 473 546 760 Average shareholders’ equity 7,424 7,280 7,255 Return on shareholders’ equity, % 6.4 7.5 10.5 Return on capital employed Sep 30, 2026 Sep 30, 2025 Dec 31, 2025 T otal assets 15,715 15,398 14,629 Provisions and deferred tax liabilities 214 216 207 Other non-current liabilities 47 90 74 T otal non-current liabilities 261 306 281 Provisions 196 154 235 Accounts payable 1,114 1,043 889 Other current liabilities 1,564 1,505 1,110 T otal current liabilities 2,874 2,702 2,234 Capital employed 12,580 12,390 12,114 Profit before tax, rolling twelve months 585 666 888 Financial expenses, rolling twelve months 253 321 333 T otal 838 987 1,221 Average capital employed 12,369 12,295 12,231 Return on capital employed, % 6.8 8.0 10.0 Free cash flow 2026 Jul–Sep 2025 Jul–Sep 2026 Jan–Sep 2025 Jan–Sep 2025 Jan–Dec Cash flow from operating activities 235 335 555 826 1,347 Cash flow from investing activities -86 -298 -234 -443 -508 Free cash flow 149 37 321 383 839 Cash flow related to acquisitions (+) /divestments (-) 21 218 39 205 183 Adjusted free cash flow 170 255 360 588 1,022 rather than as a replacement for measures defined according to IFRS. Definitions of measures which are not defined accor- ding to IFRS and which are not mentioned elsewhere in the interim report are presented below. Reconciliation of these measures is shown in the tables below. As the amounts in the tables below have been rounded off to SEK m, the calculations do not always add up due to round-off. LINDAB INTERNATIONAL AB (PUBL) | CORPORATE IDENTIFICATION NUMBER 556606-5446 | LINDABGROUP.COM | PUBLISHED 23 OCTOBER 2026 25 Q3 2026
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Cash conversion 2026 Jul–Sep 2025 Jul–Sep 2026 Jan–Sep 2025 Jan–Sep 2025 Jan–Dec Adjusted free cash flow 170 255 360 588 1,022 Adjusted operating profit 283 315 689 824 1,027 Cash conversion, % 60 81 52 71 100 Adjusted operating profit and operating margin 2026 Jul–Sep 2025 Jul–Sep 2026 Jan–Sep 2025 Jan–Sep 2025 Jan–Dec Adjusted operating profit 283 315 689 824 1,027 Operating profit 283 491 689 1,000 1,097 Net sales 3,237 3,253 9,546 9,720 12,854 Adjusted operating margin, % 8.7 9.7 7.2 8.5 8.0 Operating margin, % 8.7 15.1 7.2 10.3 8.5 Adjusted EBITA-margin 2026 Jul–Sep 2025 Jul–Sep 2026 Jan–Sep 2025 Jan–Sep 2025 Jan–Dec Adjusted operating profit 283 315 689 824 1,027 Amortisation and impairment of acquisition-related intangible assets 11 11 33 32 43 Adjusted EBITA 294 326 722 856 1,070 Net sales 3,237 3,253 9,546 9,720 12,854 Adjusted EBITA-margin, % 9.1 10.0 7.6 8.8 8.3 Net debt Sep 30, 2026 Sep 30, 2025 Dec 31, 2025 Non-current interest-bearing provisions for pensions and similar obligations 269 274 265 Non-current liabilities to credit institutions 3,250 3,143 2,971 Non-current lease liabilities 985 1,079 1,099 Current interest-bearing liabilities 461 454 406 T otal interest-bearing provisions and liabilities 4,965 4,950 4,741 Financial interest-bearing fixed assets 39 22 21 Other interest-bearing receivables 11 11 16 Cash and cash equivalents 456 506 442 T otal interest-bearing assets 506 539 479 Net debt 4,459 4,411 4,262 Adjusted net debt Sep 30, 2026 Sep 30, 2025 Dec 31, 2025 Net debt 4,459 4,411 4,262 Lease liabilities -1,375 -1,438 -1,476 Adjusted net debt 3,084 2,973 2,786 Financial net debt Sep 30, 2026 Sep 30, 2025 Dec 31, 2025 Net debt 4,459 4,411 4,262 Lease liabilities -1,375 -1,438 -1,476 Pension-related assets 21 22 21 Pension-related liabilities -269 -274 -265 Financial net debt 2,836 2,722 2,542 Net debt/EBITDA Sep 30, 2026 Sep 30, 2025 Dec 31, 2025 Average net debt, rolling twelve months 4,354 4,467 4,397 Adjusted operating profit, rolling twelve months 892 1,001 1,027 Depreciation/amortisation and impairment, rolling twelve months, excluding one-off items and restructuring costs 680 682 676 Adjusted EBITDA, rolling twelve months 1,572 1,683 1,703 Net debt/EBITDA, times 2.8 2.7 2.6 26 LINDAB INTERNATIONAL AB (PUBL) | CORPORATE IDENTIFICATION NUMBER 556606-5446 | LINDABGROUP.COM | PUBLISHED 23 OCTOBER 2026 Q3 2026
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Financial net debt/EBITDA excluding IFRS 16 Sep 30, 2026 Sep 30, 2025 Dec 31, 2025 Average financial net debt, rolling twelve months 2,685 2,672 2,640 Adjusted operating profit, rolling twelve months 892 1,001 1,027 Add-back of lease expenses defined according to IFRS 16, rolling twelve months -440 -439 -439 Depreciation/amortisation and impairment, rolling twelve months, excluding one-off items and restructuring costs 680 682 676 Adjusted EBITDA, excluding IFRS 16 rolling twelve months 1,132 1,244 1,264 Financial net debt/EBITDA excluding IFRS 16, times 2.4 2.1 2.1 Net debt/equity ratio Sep 30, 2026 Sep 30, 2025 Dec 31, 2025 Net debt 4,459 4,411 4,262 Shareholders’ equity 7,615 7,383 7,319 Net debt/equity ratio 0.6 0.6 0.6 Growth 2026 Jul–Sep 2025 Jul–Sep 2026 Jan–Sep 2025 Jan–Sep 2025 Jan–Dec Change in Net sales -16 -95 -174 -295 -469 Of which - Organic 50 -126 -8 -426 -525 - Acquisitions/divestments -81 116 -40 347 408 - Currency effects 15 -85 -126 -216 -352 Interest coverage ratio 2026 Jul–Sep 2025 Jul–Sep 2026 Jan–Sep 2025 Jan–Sep 2025 Jan–Dec Profit before tax 230 435 538 841 888 Interest expenses 54 59 152 175 229 T otal 284 494 690 1,016 1,117 Interest expenses 54 59 152 175 229 Interest coverage ratio, times 5.3 8.4 4.5 5.8 4.9 Operating profit before amortisation/depreciation and impair- ment - EBITDA 2026 Jul–Sep 2025 Jul–Sep 2026 Jan–Sep 2025 Jan–Sep 2025 Jan–Dec Operating profit 283 491 689 1,000 1,097 Depreciation/amortisation and impairment 174 247 510 584 754 of which one-off items and restructuring costs - 74 - 74 78 Operating profit before amortisation/depreciation and impair- ment - EBITDA 457 738 1,199 1,584 1,851 Profit margin before tax 2026 Jul–Sep 2025 Jul–Sep 2026 Jan–Sep 2025 Jan–Sep 2025 Jan–Dec Net sales 3,237 3,253 9,546 9,720 12,854 Profit before tax 230 435 538 841 888 Profit margin before tax, % 7.1 13.4 5.6 8.7 6.9 LINDAB INTERNATIONAL AB (PUBL) | CORPORATE IDENTIFICATION NUMBER 556606-5446 | LINDABGROUP.COM | PUBLISHED 23 OCTOBER 2026 27 Q3 2026
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Lindab Group in brief Lindab Group generated net sales of SEK 12,854 m in year 2025 and has approximately 5,000 employees in 18 countries in approximately 180 locations. Lindab Group is one of Europe’s largest ventilation groups, offering customers complete ventilation solutions with products for air distribution and room ventilation. In 2025, Western Europe accounted for 45 percent, the Nordics for 41 percent, Central Europe for 10 percent and Other markets for 4 percent of total sales. The share is listed on Nasdaq Stockholm, Large Cap, under the ticker symbol LIAB. Business concept Lindab Group develops, manufactures, markets and distributes products for a better indoor climate and simplified construction. Business model Lindab Group’s offering includes products and entire systems for energy-efficient ventilation and a healthy indoor climate. In some countries, Lindab Group also has an extensive offering of roof, wall and rainwater systems. The products are characterised by high quality, ease of installation, energy and environmental thinking and are delivered with a high level of service, which together gives an increased customer value. Lindab Group’s value chain is characterised by a good balance between centralised and decentralised functions. The distribution network has been built up with the goal of being close to the customer. Share Indexed share price performance 2025/2026, SEK Press and analyst meeting A live webcast will be held at 11.00 am (CEST) on 23 October. The Interim Report will be presented by Ola Ringdahl, President and CEO, and Lars Ynner CFO. If you wish to participate via webcast please use the link below. https:/ /events.inderes.com/lindab/q3-report-2026 If you wish to participate via teleconference please register on the link below. After registration you will be provided phone numbers and a conference ID to access the conference. You can ask questions verbally via the teleconference. https:/ /events.inderes.com/lindab/q3-report-2026/dial-in For more information see lindabgroup.com. Calendar 2027 All financial reports will be published at lindabgroup.com. FEB Year End Report 11 APR Interim Report January – March 29 MAY Annual General Meeting 12 JUL Interim Report January – June 20 OCT Interim Report January – September 21 For further information, please contact Ola Ringdahl: President and CEO E-mail: ola.ringdahl@lindab.com Lars Ynner: CFO E-mail: lars.ynner@lindab.com Fredrik Wahrolén: Head of Communications E-mail: fredrik.wahrolen@lindab.com Mobile: +46 (0) 70 539 33 79 Telephone +46 (0) 431 850 00 For more information, please visit lindabgroup.com This information is information that Lindab International AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 07.00 am (CEST) on 23 October 2026. /zero.lnum /five.lnum/zero.lnum /one.lnum/zero.lnum /zero.lnum /one.lnum/five.lnum/zero.lnum /two.lnum/zero.lnum/zero.lnum SepAu gJulJunMa yAprMa rFe bJa nDecNo vOct Lindab OMXSPI January–September 2026 Share price performance: -45% Average share turnover/day: 124,477 Highest price paid (7 January): SEK 210.00 Lowest price paid (21 July): SEK 117.90 Closing price 30 September: SEK 125.10 Market cap 30 September: SEK 9,637 m Total no. of shares: 78,842,820 - whereof treasury shares 1,806,888 - whereof outstanding shares 77,035,932 28 LINDAB INTERNATIONAL AB (PUBL) | CORPORATE IDENTIFICATION NUMBER 556606-5446 | LINDABGROUP.COM | PUBLISHED 23 OCTOBER 2026 Q3 2026
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For a better climate.