Slides
Page 1
LYKO 2026 / Q3 Rickard Lyko, CEO & Founder Ylva Norlén, CFO Tom Thörnblom, Head of IR & Com
Page 2
LYKO 1 2 3 4 5 +23.8 % Q3 SEK 1, 024 m, Q3 tops SEK 1 billion for the first time EBIT SEK 58 m, ( SEK 2 m) corresponding to a margin of 5.6% Gross margin 41.5%, driven by pricing discipline and focus on profitability Own Brands +10.7%, SEK 117m Cost-savings programme starting to take effect in the quarter Q3 Highlights
Page 3
LYKO
Page 4
LYKO
Page 5
LYKO Stories Posts Looks Reviews Reposting The Lyko Community
Page 6
LYKO
Page 7
LYKO
Page 8
LYKO 1 2 3 4 5
Page 9
Ylva Norlén CFO Results Q3
Page 10
LYKO ● Net Sales amounted to SEK 1,024m, an increase by 23.8% against Q3 2025 ● FX effects, especially in NOK. In local currencies, growth was 21.4% ● Q3 growth % was considerable due to go-live challenges in Q3 2025. However, it is the first time a Q3 delivers more net sales than a Q2 ● Growth was enabled through successful campaign execution and new stores ● Strong development in Sweden and Norway ● Growth YTD at 8.7% NET SALES | THE GROUP 0 500 1.000 1.500 MSEK 2023 2024 2025 2026 1.024 827 23,8% Q1 Q2 Q3 Q4 0 1.000 2.000 3.000 4.000 5.000 MSEK 2023 2024 2025 2026 R12 4.197
Page 11
LYKO GROSS MARGIN | THE GROUP GROSS MARGIN % ● Gross margin slightly lower than Q3 2025 and is explained by FX headwind and stock related scrapping ● Product margins were on par with Q3 2025 41.9 42.2 41.5 39 40 41 42 43 44 45 46 47 48 49 % 2023 2024 2025 2026 R12 Q
Page 12
LYKO 16 18 20 22 24 26 28 30 % 2023 2024 2025 2026 18,0 20,4 16.2 10 12 14 16 18 20 % 2023 2024 2025 2026 11,6 OTHER EXTERNAL COSTS % OF NET SALES PERSONNEL COSTS % OF NET SALES OTHER EXTERNAL COSTS & PERSONNEL THE GROUP ● Other external costs decreased significantly as a share of sales due sales growth and lower freight costs ● Personnel costs decreased as per plan, and we are now starting to see the effects from our cost savings programme
Page 13
LYKO 5.6 0 1 2 3 4 5 6 7 % 2023 2024 2025 2026 3,1 EBIT| THE GROUP EBIT PER QUARTER EBIT% 2 58 0 10 20 30 40 50 60 70 80 MSEK 2023 2024 2025 2026 +2.321% Q1 Q2 Q3 Q4 ● Yet another very profitable quarter for the Group, SEK58m, and a 5.6% margin ● Main underlying reasons include strong growth, as well as results from cost savings programme R12 Q
Page 14
LYKO 1.000 1.500 2.000 2.500 3.000 3.500 4.000 4.500 MSEK 2023 2024 2025 2026 4.130 0 200 400 600 800 1.000 1.200 1.400 MSEK 2023 2024 2025 2026 812 1.012 24,6% Q1 Q2 Q3 Q4 NET SALES | RETAIL NET SALES PER QUARTER NET SALES ROLLING 12 MONTHS ● Net sales increased by 24.6% and was mainly attributed to Sweden and Norway
Page 15
LYKO 9.2 0 2 4 6 8 10 12 14 % 2023 2024 2025 2026 10,9 65 111 0 50 100 150 MSEK 2023 2024 2025 2026 +70,8% Q1 Q2 Q3 Q4 EBIT| RETAIL EBIT PER QUARTER EBIT% ● EBIT in the quarter was SEK 111m and corresponds to a margin of 10.9% R12 Q
Page 16
LYKO -69 -62 -53 -70 -60 -50 -40 -30 -20 -10 0 MSEK 2023 2024 2025 2026 Q1 Q2 Q3 Q4 GROUP FUNCTIONS & OTHER EBIT(COST) PER QUARTER 15 12 0 5 10 15 20 MSEK 2023 2024 2025 2026 -18,0% Q1 Q2 Q3 Q4 NET SALES PER QUARTER ● Net sales is the external production and 3PL logistics. We deliberately scaled down external services to focus on internal capacity and delivered SEK12m ● Cost for Group Function decreased, as per plan, to SEK52.6m
Page 17
LYKO 537 0 200 400 600 800 MSEK 2023 2024 2025 2026 493 +8,9% Q1 Q2 Q3 Q4 INVENTORY INVESTMENTS INVESTMENTS & CASH FLOW ● Approx. SEK 70m planned spend 2026, SEK 9m in Q3 ● Örebro City store to open in Q4 and an appetite to invest in approximately 8 store projects in 2027 ● Stock at SEK 537m, and a steady level since almost 4 years, yet again securing selling with improved stock to sales ratio, 12.8% vs 13.0% 2025 ● Cash at SEK 220m on the last day of the quarter 16 25 9 0 20 40 60 80 100 120 140 MSEK 2023 2024 2025 2026 Q1 Q2 Q3 Q4 278 204 351
Page 18
LYKO Q&A
Page 19
LYKO FINANCIAL CALENDAR Rickard Lyko, CEO +46 (0)76-026 74 28 Ylva Norlen, CFO +46(0)72- 980 47 50 Tom Thörnblom, Head of IR & Communication +46 (0)72-555 01 90 FEBRUARY 12TH 2027 APRIL 28TH 2027 APRIL 28TH 2027 JULY 16TH 2027 OCTOBER 26 TH 2027 FEBRUARY 11TH 2028 YEAR END REPORT 2026 INTERIM REPORT JAN-MAR 2027 ANNUAL REPORT 2026 INTERIM REPORT APR-JUN 2027 INTERIM REPORT JUL-SEP 2027 YEAR-END REPORT 2027