Interim report
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Q3 The Clean Air Company Orders received remain strong Interim report January– September 2026 Quarter 3, 2026 • Orders received amounted to SEK 1,414m (1,251), equivalent to currency neutral growth of 11.8 percent compared with the same period last year. • Net sales amounted to SEK 1,420m (1,434), equivalent to currency neutral decrease of 1.7 percent compared with the same period last year. • Adjusted EBITA was SEK 131.1m (166.4), giving an adjusted EBITA- margin of 9.2 percent (11.6). • Operating profit was SEK 103.5m (137.9), giving an operating margin of 7.3 percent (9.6). • Adjusted operating profit was SEK 103.5m (137.9), giving an adjusted operating margin of 7.3 percent (9.6). • Net profit was SEK 59.1m (79.3). • Earnings per share* were SEK 1.68 (2.27). • Cash flow from operating activities amounted to SEK 135.3m (123.2). * Before and after dilution January - September, 2026 • Orders received amounted to SEK 4,162m (4,176), equivalent to currency neutral growth of 3.4 percent compared with the same period last year. • Net sales amounted to SEK 4,039m (4,279), equivalent to currency neutral decrease of 2.5 percent compared with the same period last year. • Adjusted EBITA was SEK 362.2m (467.5), giving an adjusted EBITA- margin of 9.0 percent (10.9). • Operating profit was SEK 289.2m (374.1), giving an operating margin of 7.2 percent (8.7). • Adjusted operating profit was SEK 278.8m (381.7), giving an adjusted operating margin of 6.9 percent (8.9). • Net profit was SEK 158.8m (207.9). • Earnings per share* were SEK 4.53 (5.94). • Cash flow from operating activities amounted to SEK 184.6m ( 1 97. 6 ) .
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2 VD-ord 2 The high level of order intake continued during the third quarter, with a strong inflow of both small and medium-sized orders and larger projects of strategic importance across all divisions. Turnover and adjusted EBITA were lower compared with the corresponding quar - ter of the previous year, but continued to improve compared with the imme diatel y pre ce ding quar ter. C ash flow remaine d s t rong. The re cent weakening of the Swedish krona, particularly against the US dollar, has so far had a limited impact. However, if exchange rates remain at cur - rent levels, they may contribute positively to earnings going forward. There is a clear strategy for profitable growth. A key part of this is the work we have carried out in recent years to strengthen our operatio - nal leadership, including through significant investments in produc - tion and logistics worldwide. Although this work continues, a stable platform has now been established to improve margins as volumes increase, whilst better meeting customer needs and thereby ena - bling us to grow faster. The Duct & Filter Technology division is a clear example. By expanding and modernising production and introdu - cing new logistics concepts – first in the US and now in Europe – the division is becoming a full-service supplier . This has helped us secu - re larger orders, including in technically advanced projects, and has delivered stable and high profitability. In our largest division, Extrac - tion & Filtration Technology, we have invested in a state-of-the-art facility in Helsingborg, which has strengthened our competitiveness in Europe, and we are currently in the process of commissioning and moving into an expanded and modernised facility in Charlotte in the US. This new facility will be fully operational in spring 2027 and will signifi cantly strengthen our position in the North American mar - kets through better coordination and more efficient production and deliveries for several of the division’s brands. Several traditional industries, including the automotive, textile and timber industries, have been facing significant challenges for some time. Whilst helping our customers in these industries to upgrade and optimise their equipment, we have been working to adapt our offering to new industries and markets. This includes certifications, investments in sales offices in expanding regions, an even greater focus on digital systems and enhanced delivery capacity. Acquisitions also contribute expertise and technology that open doors to new segments. During the quarter, we secured our first order in the defence sector in Europe with products from our Canadian acquisition, Duroair, whilst the comprehensive solution for both measuring and reporting emis - sions – which we were able to develop through the acquisition of the Danish company Olicem – generated new orders in the pharma - ceutical sector. In the US, we gained a foothold in the metal recycling sector with our tried-and-tested European solutions for dust separa - tion and energy-efficient filtration. We also received our first orders from the semiconductor industry in Asia following the approval of our laser-based measuring instruments there, and we are placing an ever-greater focus on India as a production and centre of exper - tise. Work on this important strategic repositioning continues, whilst we are well-equipped to meet increased activity in our traditional customer segments once demand recovers. STRONG FINISH TO THE YEAR We perform well in the areas we control, which has enabled us to remain strong in the current uncertain macro environment, where customers continue to hold back on major investments. Our initiatives to achieve greater operational efficiency, faster product developme - nt, a growing service business and an increased presence in structu - rally growing industries strengthen our competitiveness regardless of market conditions. Combined with the order growth seen in recent quarters, a solid order backlog and a pipeline that continues to look promising, we see good prospects for volumes – and consequently profitability – to increase as the year draws to a close. Interim report | January − September 2026 Sven Kristensson CEO CEO’s comments Positioned for profitable growth Nederman continues to strengthen its market- leading position through healthy orders received, investments in efficiency and innovation, and an increased presence in structurally growing indu - stries. This has provided us with a stable platform for profitable growth, and we now expect a strong finish to the year. Q3 INTERVIEW WITH SVEN KRISTENSSON Watch the inter view on Nederman’s YouTube channel. Playlist: Financial reports
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3 VD-ord 1 Jul-30 Sep Currency neutral Organic 1 Jan-30 Sep Currency neutral Organic Full year Oct-Sep External orders received, SEKm 2026 2025 growth growth 2026 2025 growth growth 2025 12 months Nederman Ex traction & Filtration Technology 598.8 561.1 4.5% 4.5% 1,892.6 1,950.7 -0.5% -0.5% 2,592.8 2,534.7 Nederman Process Technology 442.5 338.7 31.9% 31.9% 1,168.0 1,070.2 14.8% 11.3% 1,454.2 1,552.0 Nederman Duct & Filter Technology 191.2 174.2 8.1% 8.1% 565.9 564.4 5.5% 5.5% 729.1 730.6 Nederman Monitoring & Control Technology 181.3 176.8 -0.0% -0.0% 535.9 590.7 -7.2% -7.2% 779.6 724.8 Total Nederman group 1,413.8 1,250.8 11.8% 11.8% 4,162.4 4,176.0 3.4% 2.5% 5,555.7 5,542.1 1 Jul-30 Sep Currency neutral Organic 1 Jan-30 Sep Currency neutral Organic Full year Oct-Sep Total sales, SEKm 2026 2025 growth growth 2026 2025 growth growth 2025 12 months Nederman Ex traction & Filtration Technology 642.1 654.9 -2.8% -2.8% 1,845.9 1,962.7 -3.5% -3.5% 2,648.8 2,532.0 Nederman Process Technology 397.7 423.7 -5.6% -5.6% 1,108.9 1,178.8 -1.9% -6.1% 1,635.5 1,565.6 Nederman Duct & Filter Technology 219.1 201.4 7.6% 7.6% 616.7 647.8 0.1% 0.1% 826.9 795.8 Nederman Monitoring & Control Technology 188.4 181.5 1.6% 1.6% 534.2 569.6 -4.5% -4.5% 774.2 738.8 Elimination -27.3 -27.2 -67.1 -79.7 -102.6 -90.0 Total Nederman group 1,420.0 1,434.3 -1.7% -1.7% 4,038.6 4,279.2 -2.5% -3.6% 5,782.8 5,542.2 1 Jul-30 Sep 1 Jan-30 Sep Full year Oct-Sep Adjusted EBITA, SEKm 2026 2025 2026 2025 2025 12 months Nederman Ex traction & Filtration Technology 72.4 91.1 211.8 265.8 362.2 308.2 Nederman Process Technology 29.4 43.1 93.6 100.7 144.7 137.6 Nederman Duct & Filter Technology 43.6 37.4 118.9 128.1 159.3 150.1 Nederman Monitoring & Control Technology 26.3 28.7 59.4 92.6 129.4 96.2 Other - non-allocated -40.6 -33.9 -121.5 -119.7 -169.1 -170.9 Total Nederman group 131.1 166.4 362.2 467.5 626.5 521.2 1 Jul-30 Sep 1 Jan-30 Sep Full year Oct-Sep Adjusted EBITA margin 2026 2025 2026 2025 2025 12 months Nederman Ex traction & Filtration Technology 11.3% 13.9% 11.5% 13.5% 13.7% 12.2% Nederman Process Technology 7.4% 10.2% 8.4% 8.5% 8.8% 8.8% Nederman Duct & Filter Technology 19.9% 18.6% 19.3% 19.8% 19.3% 18.9% Nederman Monitoring & Control Technology 14.0% 15.8% 11.1% 16.3% 16.7% 13.0% Total Nederman group 9.2% 11.6% 9.0% 10.9% 10.8% 9.4% Interim report | January − September 2026 Segment overview Nederman is organised in four operating segments. This organisation is based on technology, customer structure and business logic with its starting point in the group’s brands. This means that the operating segments are global. The organisation has four overriding priorities: strengthened profitability, improved efficiency, utilisation of all the possibilities offered by digitalisation and internal and external sustainability. Nederman Extraction & Filtration Technology develops and sells a broad range of filters and monitoring services, capturing devices, fans, high-vacuum products and reels for the distribution of a variety of liquids and compressed air. Sales are conducted through a network of partners and through own sales companies. Customers operate in industries with various t ypes of air emissions that must be dealt with in an efficient and safe manner. Nederman Process Technology offers servic es and fi lter solutions that are often integrated into the customer companies’ production processes, where they capture harmful particles and gases, and oth er process-critical equipment. Sales activities are conducted through the division’s own sales organisation that has direct contact with the customers. The number of orders is low, but the individual order value is high. The customers comprise major companies in a large number of industries. Nederman Duct & Filter Technology sells different types of ducting systems, valves and filter elements to ensure good air quality in a num ber of industries. Sales are mainly conducted through distributors, but there are also internal sales to Nederman’s other divisions. The custom ers are found in a long line of industries, such as woodworking, cement & concrete production, automotive, metalworking and recycling. Nederman Monitoring & Control Technology offers advanced mea surement technology for gases and particles, and an IoT platform that consists of hardware and software that communicate with the cloud and provide customers with information and insight into critical param eters and processes. Sales are conducted through own companies, their networks of distributors and other divisions within Nederman. The division works with a broad spectrum of industries that need to continuously monitor and control their production and their processes.
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4 VD-ord 1 Jul-30 Sep Currency neutral Organic 1 Jan-30 Sep Currency neutral Organic Full year Oct-Sep SEKm Note 2026 2025 growth growth 2026 2025 growth growth 2025 12 months External orders received 598.8 561.1 4.5% 4.5% 1,892.6 1,950.7 -0.5% -0.5% 2,592.8 2,534.7 Total sales 4 642.1 654.9 -2.8% -2.8% 1,845.9 1,962.7 -3.5% -3.5% 2,648.8 2,532.0 Adjusted EBITA 72.4 91.1 211.8 265.8 362.2 308.2 Adjusted EBITA margin 11.3% 13.9% 11.5% 13.5% 13.7% 12.2% Interim report | January − September 2026 ABOUT THE DIVISION Nederman Extraction & Filtration Technology develops and sells a broad range of filters and monito- ring services, capturing devices, fans, high-vacuum products and reels for the distribution of a variety of liquids and compressed air. Brands: Nederman, RoboVent, Aagaard and Duroair Nederman Extraction & Filtration Technology In the third quarter, orders received increased by 4.5 percent currency neutrally, whilst revenue decreased by 2.8 percent currency neutrally. The adjusted EBITA margin was 11.3 percent (13.9). DEVELOPMENTS DURING THE QUARTER Orders received increased compared with the corresponding quarter of the previous year, supported by a stronger base business in EMEA and APAC, as well as several large orders in the Americas. The positi - ve trend in the base business was primarily driven by a large number of medium-sized orders for solutions in the division’s priority indu - stries and growth segments, particularly in EMEA and Australia. Sales, however, declined during the quarter, primarily reflecting the weaker orders received at the start of the year, which in turn resulted in lower capacity utilisation at the division’s plants and a slight decline in profi - tability. The service business and product sales showed good growth during the quarter. Overall, the market continues to be characterised by macroeconomic uncertainty, which is dampening the appetite for investment, particularly within the US timber industry. The division therefore continues to prioritise structural growth segments. The division secured several major orders during the quarter in sectors including the defence, aerospace, automotive and railway industries. A major order from a US shipbuilding company marks a first step into the US naval market and strengthens the division’s position within the defen- ce industry. Another important breakthrough was the division securing its first order in the European defence industry with products from the Canadian acquisition Duroair, which represents a significant strategic break through. Demand was also strong in data centres, public transpor t, food, pharmaceuticals and industrial automation, reflecting continued positive development within the division’s priority growth segments. Orders received in EMEA fell slightly compared with the correspon - ding quarter of the previous year. The decline is primarily explained by high comparative figures, as the region, amongst other things, recei - ved a major defence-related order during the third quarter of 2025. The underlying base business, however, developed positively, with strong demand for medium-sized solutions within the division’s prio - rity industries and growth segments. Demand was driven, amongst other things, by the defence sector, the aerospace and pharmaceutical industries, public transpor t and data centres. The region secured three major orders, in the commercial vehicle, electric vehicle and aerospace sectors. Sales increased during the quarter, primarily as a result of hig- her sales of solutions and services. Orders received in the Americas increased compared with the corres - ponding quarter of the previous year, driven by both major orders and a positive trend in products and services. Among other things, the region secured major orders in the defence-related shipbuilding industry and rail transport. In Mexico, a medium-sized order for solutions was secu - red from a global player in industrial robotics and automation. Sales, however, declined, affected by weaker orders received in solutions at the start of the year. Orders received in APAC rose sharply during the quarter, driven primarily by Australia, where a number of medium-sized orders for solutions were secured. Fume & Dust Control, which was acquired in the previous quar- ter, made a positive contribution to this performance. In China, orders received were fur ther bolstered by a major order in the aviation industr y. KEY ACTIVITIES • The integration of the acquired distributor Fume & Dust Control in Australia is proceeding according to plan and is strengthening the division’s position in priority growth industries. • The division’s new technologies were showcased at the International Woodworking Fair in Atlanta, with a focus on smar t airflow control,energy efficiency and dust management. • The expansion and modernisation of the facility in Charlotte, North Carolina, are continuing, and the move to the new premises has begun.
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5 VD-ord Nederman Process Technology In the third quarter, orders received increased by 31.9 percent currency neutrally, whilst revenue decreased by 5.6 percent currency neutrally. The adjusted EBITA margin was 7 .4 percent (10.2). DEVELOPMENTS DURING THE QUARTER The division showed a clearly stronger commercial performance during the quarter, with increased orders received and several major, strategically important orders. Demand improved in several priority areas, whilst the service and aftermarket business continued its posi - tive trend. Americas continued to perform strongly, which also contri - butes to a better geographical balance. India also performed strongly and is consolidating its role as a growth market with global capabilities in technology development, production and procurement. Profita - bility was somewhat dampened due to the sales mix and lower sales volumes. The market situation remains challenging, particularly within the tra - ditional European foundry sector and the textile industry. The division is therefore broadening its business through a growing service and af ter mar ket oper ation, energy efficienc y and upgr ade projec t s, and an increased presence in attractive growth segments. Recycling, resour - ce efficiency and pharmaceuticals are performing well. The stronger order intake and improved pipeline provide the conditions for continu - ed positive development, even though lengthy decision-making pro - cesses are delaying the conversion to sales. The textile segment continues to be characterised by a reluctance to invest, but the division is managing the market situation well through a high level of service activity, upgrades, geographical diversification and strong customer relationships. India continued to perform relative- ly strongly, whilst investment in traditional spinning operations remai - ned cautious in several markets. At the same time, synthetic fibres, nonwoven materials, recycling, automation and energy efficiency are creating new opportunities. The continued success of the CFB fan is strengthening the division’s position in energy-efficient air handling, whilst service and the aftermarket are becoming increasingly impor - tant as customers prioritise operational reliability and lower costs. Foundries and metal recycling remain a strategically important seg - ment. Several major orders in both the Americas and EMEA demonstra- te the division’s ability to win projects in various markets and reduce its dependence on the traditional European foundry industry. Metal recycling offers attractive opportunities in the medium and long term, driven by increased environmental requirements, circular flows and demand for materials with a lower carbon footprint. At the same time, competition is intensifying, including from Chinese players with lower cost bases. The division is addressing this through a broader geograp - hical presence, increased coordination within Euro-Equip and MikroPul, as well as cost-effective production and local sourcing. Within the customised solutions segment, the quarter’s largest sing - le order was secured – a project in Americas – which strengthens the company’s position in specialised process applications. The segment continues to show strong service activity and opportunities within the pharmaceutical, mining, chemical and selected process industries, where technical expertise and customised solutions are key competiti- ve factors. Several major projects remained in the pipeline at the end of the quar ter, but the timing of decisions and their final scope had not yet been determined. KEY ACTIVITIES • Continued strong growth in the ser vice business, including the digital portfolio. • Ongoing improvements to product lines and upgrades to test centres. 1 Jul-30 Sep Currency neutral Organic 1 Jan-30 Sep Currency neutral Organic Full year Oct-Sep SEKm Note 2026 2025 growth growth 2026 2025 growth growth 2025 12 months External orders received 442.5 338.7 31.9% 31.9% 1,168.0 1,070.2 14.8% 11.3% 1,454.2 1,552.0 Total sales 4 397.7 423.7 -5.6% -5.6% 1,108.9 1,178.8 -1.9% -6.1% 1,635.5 1,565.6 Adjusted EBITA 29.4 43.1 93.6 100.7 144.7 137.6 Adjusted EBITA margin 7.4% 10.2% 8.4% 8.5% 8.8% 8.8% Interim report | January − September 2026 ABOUT THE DIVISION Nederman Process Technology offers services and advanced filter solutions that are integrated into the customers’ production processes where they catch harmful particles and gases. Brands: Nederman MikroPul, Luwa, Nederman Pneumafil, LCI and Euro-Equip
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6 VD-ord Nederman Duct & Filter Technology In the third quarter, orders increased by 8.1 percent currency neutrally, whilst revenue increased by 7 .6 percent currency neutrally. The adjusted EBITA margin was 19.9 percent (18.6). DEVELOPMENTS DURING THE QUARTER The division’s positive performance continued in the third quarter, dri - ven primarily by stable growth in the base business at Nordfab EMEA and Nordfab US. The increase in orders received was also supported by several major deals in sectors including defence, the mining industry, food and technology-related projects linked to batteries for electric vehicles, energy storage and solar energy. Sales and profitability also improved. Efficiency measures implemented in manufacturing and logistics in the US and EMEA are contributing to increased opportuni - ties to broaden the customer base as well as continued strong profita - bility. The strong number of orders received and a stable pipeline point to a positive end to the year. Nordfab US continued to perform strongly. Growth was driven prima - rily by the base business, whilst sales through wholesalers recovered and reached a record level. Major new orders were secured during the quarter in structurally growing segments such as EV batteries and solar panels. At the same time, investments in more efficient produc - tion and logistics are contributing to increased productivity, reduced waste and greater delivery accuracy. Development of the new XD faci- lity in Thomasville is continuing, with improved ventilation and air-con- ditioning, as well as preparations for a fully unmanned warehouse in the long term. The new remote warehouse in Dallas is also performing better than expected and is contributing to the increase in sales. In EMEA, the UK continued to perform strongly, whilst operations in the EU showed a clear improvement in external sales and enhanced operational efficiency. Furthermore, collaboration between the UK and EU operations continues to deliver significant competitive advan - tages and opportunities to strengthen the customer base. The region secured another major order in the defence industry for a submarine application, as well as new orders from customers in the kitchen manu- facturing and electronics sectors. Investments in increased sales capacity in the DACH region paid off, resulting in the highest number of orders received to date. Nordfab’s operations in APAC continued to be characterised by weak orders received and sales, which weighed on profitability. In Thai - land, domestic sales were stable, but performance was affected by a downward revision to an order from a major Chinese customer and low intra-group deliveries. The relocation of production for the Australian market to Thailand is proceeding according to plan to increase capacity utilisation. In Australia, a major mining order was expanded and a new large order was secured in the food industry. Restructuring continues with reduced staffing and the consolidation of facilities to cut costs. The order book is growing, but profitability remains a challenge. Menardi USA improved its profitability through higher volumes and cost control, whilst orders received were adversely affected by a major customer’s financial difficulties. Production equipment has been taken over from a closed factory to ensure continued deliveries. Menardi EMEA has gained a major car manufacturer and a major dairy company as repeat customers. KEY ACTIVITIES • Development of a new generation of Nordfab’s quotation tool, QTO, has commenced. • Preparations for the introduction of automated guided vehicles (AGVs) at the new XD facility in Thomasville are continuing, with the aim of create a fully unmanned warehouse. • An investment in an automatic machine for producing top rings for filter bags has been approved and ordered. • Exports to Canada came to a standstill during the third quarter as a result of increased tariffs. • Severe flooding in the Bangkok area at the end of the quar ter affected operations, but the division’s plant emerged without sustaining any damage. 1 Jul-30 Sep Currency neutral Organic 1 Jan-30 Sep Currency neutral Organic Full year Oct-Sep SEKm Note 2026 2025 growth growth 2026 2025 growth growth 2025 12 months External orders received 191.2 174.2 8.1% 8.1% 565.9 564.4 5.5% 5.5% 729.1 730.6 Total sales 4 219.1 201.4 7.6% 7.6% 616.7 647.8 0.1% 0.1% 826.9 795.8 Adjusted EBITA 43.6 37.4 118.9 128.1 159.3 150.1 Adjusted EBITA margin 19.9% 18.6% 19.3% 19.8% 19.3% 18.9% Interim report | January − September 2026 ABOUT THE DIVISION Nederman Duct & Filter Technology sells different types of ducting systems, valves and filter elements to ensure good air quality in a number of industries. Brands: Nordfab and Menardi
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7 VD-ord Nederman Monitoring & Control Technology In the third quarter, orders received was currency neutrally unchanged, whilst revenue increased by 1.6 percent currency neutrally. The adjusted EBITA margin was 14.0 percent (15.8). DEVELOPMENTS DURING THE QUARTER Orders received increased slightly compared with the corresponding quarter of the previous year. The Americas was the strongest region, with positive performance across all business units, indicating that the strong project pipeline previously identified in the region is now beginning to translate into business to a greater extent. NEO Monitor had a particularly strong quarter in the US. In APAC, performance was generally stable, whilst the division secured its first direct order from the semiconductor industry. Orders received in EMEA were lower than in the previous year, mainly due to weaker performance at NEO Monitor and the fact that the large orders Gasmet received in Switzerland the previous year were not repeated. Sales also increased slightly compared with the corresponding quarter of t he prev ious year. Aubur n p er for me d well, suppor te d by a s t able flow of orders received and a healthy order book, whilst Gasmet recorded an improvement driven primarily by EMEA. Sales at NEO Monitors decli - ned as a result of a lower order book for deliveries in EMEA. The adju - sted EBITA margin was lower than in the previous year, mainly due to a higher proportion of direct material costs, changes in the product and regional mix, and continued investment in sales and service capacity. The caution regarding investment that has characterised certain sectors for some time is now gradually beginning to ease. In the oil, gas and petrochemicals sectors in the US, there are signs of increased activity, a strong pipeline and a positive trend for NEO Monitors. Invest- ments in a direct presence in Asia are also beginning to yield results. The establishment of operations in South Korea and Singapore is strengthening customer engagement and creating the conditions for continued expansion in, amongst other places, South-East Asia, India and China. The semiconductor industry is emerging as an increasingly important growth segment. Following the work previously carried out to qualify the division’s instruments for the Asian semiconductor industry, the first direct orders have now been received, whilst a continued strong pipeline is being built up. New energy sources are also driving demand for new applications in areas such as hydrogen, ammonia and carbon capture and -storage (CCUS), particularly in Europe and APAC. The defence industry is another segment where demand is developing positively, primarily for Gasmet’s portable analytical instruments. Product development continues to contribute to new business oppor - tunities. The new GT7000 Tellus FTIR analyser, launched in the second quarter, has generated a number of orders. Customer interest in the Insight platform remains strong, and development of the next gene - ration is ongoing. At the same time, investments in service and digi - talisation are helping to increase the value derived from the growing installed base. The service business is performing well, partly through targeted campaigns, whilst connected systems, software and impro - ved advisory and reporting solutions are creating opportunities to increase recurring revenue and strengthen customer value over time. KEY ACTIVITIES • Breakthrough in the semiconductor industry in APAC with several orders. • Strong star t for the GT7000 Tellus with several sales following its launch in the second quarter. • The ser vice business was strengthened through targeted activities aimed at the installed base. • Continued investment in digital solutions, product development and upgraded service workshops in Houston and Singapore. 1 Jul-30 Sep Currency neutral Organic 1 Jan-30 Sep Currency neutral Organic Full year Oct-Sep SEKm Note 2026 2025 growth growth 2026 2025 growth growth 2025 12 months External orders received 181.3 176.8 -0.0% -0.0% 535.9 590.7 -7.2% -7.2% 779.6 724.8 Total sales 4 188.4 181.5 1.6% 1.6% 534.2 569.6 -4.5% -4.5% 774.2 738.8 Adjusted EBITA 26.3 28.7 59.4 92.6 129.4 96.2 Adjusted EBITA margin 14.0% 15.8% 11.1% 16.3% 16.7% 13.0% Interim report | January − September 2026 ABOUT THE DIVISION Nederman Monitoring & Control Technology offers advanced measurement technology of gases and particles and an IoT platform that consists of hardware and software that provide customers with information and insight into critical parameters and processes. Brands: Nederman Insight, NEO Monitors, Auburn, Gasmet and Olicem
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8 VD-ord Quarter 3, 2026 ORDERS RECEIVED AND SALES Orders received during the quarter amounted to SEK 1,414m (1,251), equivalent to a currency neutral growth of 11.8 percent compared with the corresponding period last year. Sales for the quarter amounted to SEK 1,420m (1,434), equivalent to currency neutral decrease of 1.7 percent compared with the corres - ponding period last year. PROFIT/LOSS Adjusted operating profit amounted to SEK 103.5m (137.9). Adjusted operating margin was 7.3 percent (9.6). Adjusted EBITA amounted to SEK 131.1m (166.4). Adjusted EBITA mar- gin was 9.2 percent (11.6). Operating profit amounted to SEK 103.5m (137.9), which gave an opera- ting margin of 7.3 percent (9.6). Profit before tax decreased to SEK 80.9m (108.7). Net profit was SEK 59.1m (79.3), which gave earnings per share before and after dilution of SEK 1.68 (2.27). CASH FLOW Cash flow from operating activities amounted to SEK 135.3m (123.2) and cash flow for the period amounted to SEK 57.7m (30.5). During the third quarter, there was a build-up in working capital total - ling SEK 3.4m (29.6). The lower increase in working capital was mainly due to positive changes during the quarter in trade payables and pro - ject-related liabilities, which together offset the negative impact of, in particular, accounts receivable, which showed a smaller improvement than in the comparable quar ter of the previous year. Cash flow from investing activities was SEK -54.6m (-54.3). Investment levels in immaterial fixed assets were slightly higher, whilst investment levels in tangible fixed assets were slightly lower than in the previous year. The majority of tangible investments during the quarter were made primarily in facilities in the US. Cash flow from financing activities amounted to SEK -23.0m (-38.4). The main difference relates to loan repayments of SEK 15.9m during the corresponding quarter of the previous year. CAPITAL EXPENDITURE Capital expenditure in intangible and tangible assets amounted to SEK 54.6m (53.5), of which capitalised development expenses amoun- ted to SEK 13.9m (10.4). 0 50 100 150 200 26 Q326 Q226 Q125 Q425 Q325 Q225 Q124 Q424 Q324 Q224 Q123 Q423 Q3 0 200 400 600 800 0 400 800 1200 1600 2000 26 Q326 Q226 Q125 Q425 Q325 Q225 Q124 Q424 Q324 Q224 Q123 Q423 Q3 0 1400 2800 4200 5600 7000 0 400 800 1200 1600 2000 26 Q326 Q226 Q125 Q425 Q325 Q225 Q124 Q424 Q324 Q224 Q123 Q423 Q3 0 1400 2800 4200 5600 7000 0 50 100 150 200 26 Q326 Q226 Q125 Q425 Q325 Q225 Q124 Q424 Q324 Q224 Q123 Q423 Q3 0 200 400 600 800 -20 40 100 160 220 280 340 26 Q326 Q226 Q125 Q425 Q325 Q225 Q124 Q424 Q324 Q224 Q123 Q423 Q3 -20 90 200 310 420 530 640 Interim report | January − September 2026 Orders received, SEKm Total sales, SEKm Adjusted EBITA, SEKm Operating profit, SEKm Cash flow from operating activities, SEKm Quarter Rolling four quarters
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9 VD-ord January - September 2026 ORDERS RECEIVED AND SALES Orders received were SEK 4,162m (4,176), equivalent to currency neu- tral growth of 3.4 percent compared with the same period last year. Sales amounted to SEK 4,039m (4,279), equivalent to currency neutral decrease of 2.5 percent compared with the same period last year. PROFIT/LOSS Adjusted operating profit amounted to SEK 278.8m (381.7). Adjusted operating margin was 6.9 percent (8.9). Adjusted EBITA amounted to SEK 362.2m (467.5). Adjusted EBITA mar- gin was 9.0 percent (10.9). Operating profit amounted to SEK 289.2m (374.1), which gave an ope- rating margin of 7.2 percent (8.7). Profit before tax decreased to SEK 217.5m (284.8). Net profit was SEK 158.8m (207.9), which gave earnings per share before and after dilution of SEK 4.53 (5.95). CASH FLOW Cash flow from operating activities amounted to SEK 184.6m (197.6) and cash flow for the period amounted to SEK -112.0m (-217.6). The impac t on cash flow from working capital was SEK -149.5m (-176.6). The positive effec ts, primarily from changes in accounts receivable and trade payables, more than offset the continued negative impact from project-related changes. There was also some improvement in the total change in inventories. Cash flow from investing activities was SEK -173.6m (-330.2), with the main difference relating to net cash payments for completed acqui - sitions compared with the previous year: SEK -33.9m (-146.2). Total investments in immaterial and tangible fixed assets were also lower than in the previous year at SEK 139.6m (184.0), with the majority of the difference attributable to the high rate of investment, particularly in the factories in Helsingborg and RoboVent in Detroit during the pre- vious year. During this year, investment levels remain high at Nordfab US in Thomasville and Charlotte US. Cash flow from other financing activities amounted to SEK 17.1m (55.5). The main difference was linked to net borrowing, which was SEK 22.7m lower than the previous year, and the share buy-back programme, which had a cash flow impact of SEK 12.7m. CAPITAL EXPENDITURE Capital expenditure in intangible and tangible assets amounted to SEK 140.9m (182.1), of which capitalised development expenses amounted to SEK 46.1m (39.1). FINANCIAL POSITION AND FINANCING In the first quarter of 2026, Nederman signed a new loan agreement which replaced Nederman’s previous loan agreements with SEB and SHB. The new agreement is with a banking group comprising SEB, SHB and Danske Bank and provides a credit facility of SEK 2,500 m, which represents an increase of SEK 500 m compared with the previous loan agreements. In addition to this, the Group’s financing agreement with SEK for SEK 500 m remains in place. This brings the Group’s total credit facility to SEK 3,000 m. At the end of the period the group had SEK 579,3m in cash and cash equivalents as well as SEK 148.0m in available but unutilised overdraft facilities. In addition, there was a credit facility of SEK 938.3m within the frame- work of Nederman’s loan agreement with SEB, SHB and Danske Bank. The equity in the group as of 30 September 2026 amounted to SEK 2,718,3m (2,506.2). An ordinary dividend of SEK 4.00 per share was paid to shareholders in the second quarter, amounting in total to SEK 140.1m. The total number of shares outstanding was 35,042,023 at the end of the period. The equity ratio for the group was 37.3 percent (36.1) as of 30 Septem- ber 2026. The net debt/equity ratio was 77.4 percent (78.9). SHARE-BASED REMUNERATION The Annual General Meeting on 21 April 2026 resolved on the trans - fer of 20,140 own shares under the 2024 LTI program. The transfer of 15,726 shares was carried out in the second quarter of 2026. The value of shares transferred corresponded to SEK 2.3m, which was reported as share-based payments in equity. NUMBER OF EMPLOYEES The aver age number of employees dur ing the per iod was 2,312 (2,346). The number of employees at the end of the period was 2,354 (2,422). AQUISITIONS During the second quarter, three acquisition-related transactions were carried out. Nederman exercised an option to acquire a further 25 per cent stake in Olicem A/S for a total of SEK 21.6m. An asset acquisi - tion was made from a former partner in Australia, with a consideration of SEK 9.9m. In connection with the acquisition of Duroair in 2024, part of the additional purchase price totalling SEK 2.4m has been settled. PARENT COMPANY The group´s parent company, Nederman Holding AB, doesnt run any operating activities but central head office functions. The parent com - pany owns and manages shares in subsidiaries. The parent company´s net sales amounted to SEK 24.5m (18.2) and is related to service char - ges to subsidiaries. Net profit for the period amounted to SEK 148.3m (285.5). Interim report | January − September 2026
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10 VD-ord Key figures, group 1 Jul-30 Sep 1 Jan-30 Sep Full year Oct-Sep SEKm 2026 2025 2026 2025 2025 12 months Orders received 1,413.8 1,250.8 4,162.4 4,176.0 5,555.7 5,542.1 Net sales 1,420.0 1,434.3 4,038.6 4,279.2 5,782.8 5,542.2 Adjusted EBITA 131.1 166.4 362.2 467.5 626.5 521.2 Adjusted EBITA margin 9.2% 11.6% 9.0% 10.9% 10.8% 9.4% Adjusted EBITDA 177.8 209.6 497.9 596.5 799.5 700.9 Adjusted EBITDA margin 12.5% 14.6% 12.3% 13.9% 13.8% 12.6% Operating profit 103.5 137.9 289.2 374.1 504.3 419.4 Operating margin 7.3% 9.6% 7.2% 8.7% 8.7% 7.6% Adjusted operating profit 103.5 137.9 278.8 381.7 510.3 407.4 Adjusted operating margin 7.3% 9.6% 6.9% 8.9% 8.8% 7.4% Profit before tax 80.9 108.7 217.5 284.8 385.1 317.8 Net profit 59.1 79.3 158.8 207.9 274.0 224.9 Earnings per share, SEK 1.68 2.27 4.53 5.94 7.80 6.39 Return on equity 10.5% 8.6% Return on operating capital 11.6% 8.8% Return on operating capital excl. IFRS 16 12.7% 9.3% Net debt 1,845.3 2,104.5 Net debt /equity ratio 73.4% 77.4% Net debt /Adjusted EBITDA, multiple 2.3 3.0 Interest cover ratio, multiple 3.7 3.4 Regions 1 Jul-30 Sep 1 Jan-30 Sep Full year Oct-Sep External orders received, SEKm 2026 2025 2026 2025 2025 12 months Americas 606.6 445.3 1,696.0 1,633.9 2,147.2 2,209.3 EMEA 591.8 620.0 1,827.1 1,944.5 2,556.2 2,438.8 APAC 215.4 185.5 639.3 597.6 852.3 894.0 Total Nederman group 1,413.8 1,250.8 4,162.4 4,176.0 5,555.7 5,542.1 1 Jul-30 Sep 1 Jan-30 Sep Full year Oct-Sep External net sales, SEKm 2026 2025 2026 2025 2025 12 months Americas 559.7 559.6 1,564.9 1,708.2 2,255.7 2,112.4 EMEA 649.4 683.4 1,898.8 1,977.1 2,708.9 2,630.6 APAC 210.9 191.3 574.9 593.9 818.2 799.2 Total Nederman group 1,420.0 1,434.3 4,038.6 4,279.2 5,782.8 5,542.2 Interim report | January − September 2026
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11 VD-ord Interim report | January − September 2026 Outlook A growing share of service and recurring revenue and a strong digital offering mean that we are holding our own well in the current uncer tain market environment. The improved orders received in recent quarters also support our performance in the quarter ahead, during which we expect, amongst other things, a strong finish to the year. At the same time, it is difficult to forecast a broader recovery in demand, but provi - ded there is an improvement in economic conditions within our focus areas, we are well placed to fur ther strengthen our profitability. With a strong balance sheet, we continue to invest in operational effi - ciency and in the ongoing improvement of our offering, which enables us to strengthen our position regardless of market conditions. In a world where awareness of the damage that poor air does to people is growing, Nederman, with its leading range of industrial air filtration solutions, has an important role to play and excellent opportunities for continued long-term growth.
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12 VD-ord Consolidated statement of profit or loss in summary 1 Jul-30 Sep 1 Jan-30 Sep Full year Oct-Sep SEKm Note 2026 2025 2026 2025 2025 12 months Net sales 3.4 1,420.0 1,434.3 4,038.6 4,279.2 5,782.8 5,542.2 Cost of goods sold -877.9 -875.2 -2,458.2 -2,574.1 -3,489.7 -3,373.8 Gross profit 542.1 559.1 1,580.4 1,705.1 2,293.1 2,168.4 Selling expenses -289.3 -276.9 -848.4 -859.9 -1,148.9 -1,137.4 Administrative expenses -122.5 -117.5 -373.2 -384.6 -519.7 -508.3 Research and development expenses -23.4 -26.4 -74.6 -79.6 -107.3 -102.3 Restructuring costs - - - - 1.6 1.6 Other operating income/expenses -3.4 -0.3 5.0 -6.9 -14.5 -2.6 Operating profit 103.5 137.9 289.2 374.1 504.3 419.4 Net financial items 5 -22.6 -29.2 -71.7 -89.3 -119.2 -101.6 Profit before tax 80.9 108.7 217.5 284.8 385.1 317.8 Ta xe s -21.8 -29.4 -58.7 -76.9 -111.1 -92.9 Net profit 59.1 79.3 158.8 207.9 274.0 224.9 Net profit attributable to: The parent company’s shareholders 59.0 79.6 159.2 208.7 273.9 224.4 Non-controlling interest 0.1 -0.3 -0.4 -0.8 0.1 0.5 Earnings per share 1.68 2.27 4.53 5.94 7.80 6.39 before dilution (SEK) 1.68 2.27 4.53 5.94 7.80 6.39 after dilution (SEK) 1.68 2.27 4.53 5.94 7.80 6.39 Consolidated statement of other comprehensive income in summary 1 Jul-30 Sep 1 Jan-30 Sep Full year Oct-Sep SEKm 2026 2025 2026 2025 2025 12 months Net profit 59.1 79.3 158.8 207.9 274.0 224.9 Other comprehensive income Items that cannot be reclassified to net profit Revaluation of defined-benefit pension plans 16.1 3.6 16.1 3.6 1.7 14.2 Tax at tributable to revaluation of defined-benefit pension plans -3.3 -0.9 -3.3 -0.9 -0.6 -3.0 12.8 2.7 12.8 2.7 1.1 11.2 Items that have been or can be reclassified to net profit Exchange differences arising on translation of foreign operations 77.7 -44.9 203.8 -285.0 -338.6 150.2 77.7 -44.9 203.8 -285.0 -338.6 150.2 Other comprehensive income for the period, net of tax 90.5 -42.2 216.6 -282.3 -337.5 161.4 Total comprehensive income for the period 149.6 37.1 375.4 -74.4 -63.5 386.3 Total comprehensive income attributable to: The parent company’s shareholders 149.5 37.4 375.8 -73.6 -63.6 385.8 Non-controlling interest 0.1 -0.3 -0.4 -0.8 0.1 0.5 Interim report | January − September 2026 Group
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13 VD-ord Consolidated statement of financial position in summary 30 Sep 30 Sep 31 Dec SEKm Note 2026 2025 2025 Assets Goodwill 2,286.4 2,185.4 2,140.5 Other intangible assets 644.2 634.9 633.2 Tangible assets 610.8 572.4 560.5 Right-of-use assets 551.4 533.7 516.9 Long-term receivables 17.3 22.7 18.1 Deferred tax assets 140.4 176.8 125.7 Total fixed assets 4,250.5 4,125.9 3,994.9 Inventories 940.8 882.2 810.1 Accounts receivable 6 759.7 784.3 750.3 Other current receivables 6 753.1 596.9 566.3 Cash and cash equivalents 6 579.3 551.6 667.5 Total current assets 3,032.9 2,815.0 2,794.2 Total assets 7,283.4 6,940.9 6,789.1 Equity Equity attributable to parent company shareholders 2,717.9 2,506.0 2,513.9 Non-controlling interest 0.4 0.2 1.1 Total equity 2,718.3 2,506.2 2,515.0 Liabilities Long-term interest-bearing liabilities 6 2,055.9 1,927.7 1,915.8 Long-term lease liabilities 6 474.6 455.6 442.2 Other long-term liabilities 6 13.5 30.4 26.1 Pension liabilities 20.4 34.8 37.5 Other provisions 26.5 37.8 32.5 Deferred tax liabilities 137.4 114.7 97.6 Total long-term liabilities 2,728.3 2,601.0 2,551.7 Current interest-bearing liabilities 6 28.0 13.2 20.8 Current lease liabilities 6 104.9 98.3 96.5 Accounts payable 6 442.9 381.3 406.2 Other current liabilities 6 1,204.6 1,279.8 1,147.4 Provisions 56.4 61.1 51.5 Total current liabilities 1,836.8 1,833.7 1,722.4 Total liabilities 4,565.1 4,434.7 4,274.1 Total equity and liabilities 7,283.4 6,940.9 6,789.1 Interim report | January − September 2026 Group
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14 VD-ord Consolidated statement of changes in equity in summary 30 Sep 30 Sep 31 Dec SEKm 2026 2025 2025 Total opening balance at beginning of period 2,515.0 2,718.6 2,718.6 Equity attributable to parent company shareholders Opening balance at beginning of period 2,513.9 2,717.6 2,717.6 Net profit 159.2 208.7 274.0 Other comprehensive income for the period, net of tax 216.6 -282.3 -337.5 Adjustment in equity attributable to non-controlling interest -21.3 - - Dividend paid -140.1 -140.5 -140.5 Share-based remuneration 2.3 2.5 2.5 Repurchase of treasury shares -12.7 - -2.2 Closing balance at end of period 2,717.9 2,506.0 2,513.9 Equity attributable to non-controlling interest Opening balance at beginning of period 1.1 1.0 1.0 Net profit -0.4 -0.8 0.1 Adjustment in equity attributable to non-controlling interest -0.3 - - Closing balance at end of period 0.4 0.2 1.1 Total closing balance at end of period 2,718.3 2,506.2 2,515.0 Consolidated statement of cash flows in summary 1 Jul-30 Sep 1 Jan-30 Sep Full year Oct-Sep SEKm Note 2026 2025 2026 2025 2025 12 months Operating profit 103.5 137.9 289.2 374.1 504.3 419.4 Adjustment for: Depreciation and amor tisation of fixed assets 74.3 71.7 219.1 214.8 289.2 293.5 Other adjustments for non-cash items -1.1 -4.2 -11.8 -11.7 -18.3 -18.4 Interest received and paid including other financial items -25.0 -31.9 -81.7 -96.5 -130.2 -115.4 Ta xe s p aid -13.0 -20.7 -80.7 -106.5 -134.8 -109.0 Cash flow from operating activities before changes in working capital 138.7 152.8 334.1 374.2 510.2 470.1 Cash flow from changes in working capital -3.4 -29.6 -149.5 -176.6 -128.5 -101.4 Cash flow from operating activities 135.3 123.2 184.6 197.6 381.7 368.7 Net investment in fixed assets -54.6 -54.3 -139.7 -184.0 -224.5 -180.2 Acquisitions - - -33.9 -146.2 -148.2 -35.9 Cash flow from investing activities -54.6 -54.3 -173.6 -330.2 -372.7 -216.1 Dividend paid - - -140.1 -140.5 -140.5 -140.1 Cash flow from other financing activities -23.0 -38.4 17.1 55.5 38.4 - Cash flow from financing activities -23.0 -38.4 -123.0 -85.0 -102.1 -140.1 Cash flow for the period 57.7 30.5 -112.0 -217.6 -93.1 12.5 Cash and cash equivalents at beginning of period 513.6 530.4 667.5 825.2 825.2 551.6 Translation differences on cash and cash equivalents 8.0 -9.3 23.8 -56.0 -64.6 15.2 Cash and cash equivalents at end of period 579.3 551.6 579.3 551.6 667.5 579.3 Interim report | January − September 2026 Group
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15 VD-ord Note 1. Accounting policies This interim report for the group is prepared in accordance with IAS 34 Interim Financial Reporting and applicable provisions of the Swedish Annual Accounts Act. The interim report for the parent company has been prepared in accordance with Swedish Annual Accounts Act chapter 9 and RFR 2. The same accounting policies and valuation principles as described in the latest annual report, see also page 127 of the 2025 Annual Report, have been applied both to the group and the parent company. None of the new or revised standards, interpretations and improvements adopted by the EU have had any material impact on Nederman group. IFRS 18 Presentation and Disclosure in Financial Statements comes into force on 1 January 2027 and is to be applied retrospectively. The Group is working continuously to identify all the effects that the changes will have on the financial statements and the notes thereto. Certain items that were previously summarised on a single line will be broken down into subtotals in both the income statement and the cash flow statement. These are primarily linked to the categories of investing activities and financing activities. Nederman expects that the application of IFRS 18 will not have any material impact on profit or the presentation of the consolidated financial statements. Note 2. Acquisitions of business operations OLICEM A/S During the second quar ter, an option was exercised whereby Nederman increased its stake in the Danish company Olicem A/S, which was acquired in 2024, from 51 per cent to 76 per cent. The purchase, which took place on 2 June 2026, involved a cash outlay of SEK 21.6m. The acquisition has reduced the minority interest and non-restricted equity. There is no impact on goodwill as the acquisition was originally made with partial goodwill. FUME & DUST CONTROL PTY LTD O n 18 Jun e 202 6, t h e o p er a t i o n s o f Fum e & D us t C o n t r o l P T Y Lt d w er e a cquir e d t hr o u gh a n a s s e t p ur c h a s e. T h e a cquis i t i o n is in t en d e d t o s t r en g t h en Nederman’s overall position in Australia, where there is significant growth potential. The acquisition price amounted to SEK 13.2m, of which SEK 3.3m constituted a deferred acquisition price. Net assets acquired amounted to SEK 1.6m and the transaction resulted in preliminary goodwill of SEK 11.6m. The acquisition’s impact on cash and cash equivalents amounted to SEK 9.9m. The acquisition analysis is preliminary, with the analysis of acquired balance sheet items currently underway. EURO-EQUIP S.L. The agreement for the acquisition of Euro-Equip S.L. in 2025 included a contingent acquisition price linked to the financial results for the calendar years 2025 and 2026. The conditions for 2025 were not met and have therefore previously been reversed. For 2026, it is assessed that the condi- tions will not be met and a decision has therefore been taken to reverse the remaining contingent additional purchase price to profit or loss, corres- ponding to an amount of SEK 10.8m. The transaction is included in the profit or loss for the second quar ter. Interim report | January − September 2026 Group
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16 VD-ord Note 3. Operating segment reporting Segment reporting is based on reports submitted to the group’s senior executives. Nederman group is divided into four operating segments; Nederman Extraction & Filtration Technology, Nederman Process Technology, Nederman Duct & Filter Technology and Nederman Monitoring & Control Technology, which are described further on pages 4-7 . The division is based on technology, customers and business logic with the aim of increasing both growth and profitability through simple structures and clear focus. Non-allocated items refer mainly to costs relating to the parent company, Nederman Holding AB, which includes the central head office functions. 1 Jul-30 Sep 1 Jan-30 Sep Full year Oct-Sep External orders received, SEKm 2026 2025 2026 2025 2025 12 months Nederman Ex traction & Filtration Technology 598.8 561.1 1,892.6 1,950.7 2,592.8 2,534.7 Nederman Process Technology 442.5 338.7 1,168.0 1,070.2 1,454.2 1,552.0 Nederman Duct & Filter Technology 191.2 174.2 565.9 564.4 729.1 730.6 Nederman Monitoring & Control Technology 181.3 176.8 535.9 590.7 779.6 724.8 Total Nederman group 1,413.8 1,250.8 4,162.4 4,176.0 5,555.7 5,542.1 1 Jul-30 Sep 1 Jan-30 Sep Full year Oct-Sep Total sales, SEKm 2026 2025 2026 2025 2025 12 months Nederman Ex traction & Filtration Technology 642.1 654.9 1,845.9 1,962.7 2,648.8 2,532.0 Nederman Process Technology 397.7 423.7 1,108.9 1,178.8 1,635.5 1,565.6 Nederman Duct & Filter Technology 219.1 201.4 616.7 647.8 826.9 795.8 Nederman Monitoring & Control Technology 188.4 181.5 534.2 569.6 774.2 738.8 Elimination -27.3 -27.2 -67.1 -79.7 -102.6 -90.0 Total Nederman group 1,420.0 1,434.3 4,038.6 4,279.2 5,782.8 5,542.2 1 Jul-30 Sep 1 jan-30 sep Full year Oct-Sep Net sales, internally between segments, SEKm 2026 2025 2026 2025 2025 12 months Nederman Ex traction & Filtration Technology 6.1 1.1 10.1 5.6 8.9 13.3 Nederman Process Technology 0.3 0.6 1.9 6.2 7.0 2.7 Nederman Duct & Filter Technology 19.1 23.5 50.2 62.1 79.6 67.7 Nederman Monitoring & Control Technology 1.8 2.0 4.9 5.8 7.1 6.2 Total Eliminations 27.3 27.2 67.1 79.7 102.6 90.0 1 Jul-30 Sep 1 Jan-30 Sep Full year Oct-Sep Adjusted EBITA, SEKm 2026 2025 2026 2025 2025 12 months Nederman Ex traction & Filtration Technology 72.4 91.1 211.8 265.8 362.2 308.2 Nederman Process Technology 29.4 43.1 93.6 100.7 144.7 137.6 Nederman Duct & Filter Technology 43.6 37.4 118.9 128.1 159.3 150.1 Nederman Monitoring & Control Technology 26.3 28.7 59.4 92.6 129.4 96.2 Other - non-allocated -40.6 -33.9 -121.5 -119.7 -169.1 -170.9 Total Nederman group 131.1 166.4 362.2 467.5 626.5 521.2 1 Jul-30 Sep 1 Jan-30 Sep Full year Oct-Sep Adjusted EBITA margin 2026 2025 2026 2025 2025 12 months Nederman Ex traction & Filtration Technology 11.3% 13.9% 11.5% 13.5% 13.7% 12.2% Nederman Process Technology 7.4% 10.2% 8.4% 8.5% 8.8% 8.8% Nederman Duct & Filter Technology 19.9% 18.6% 19.3% 19.8% 19.3% 18.9% Nederman Monitoring & Control Technology 14.0% 15.8% 11.1% 16.3% 16.7% 13.0% Total Nederman group 9.2% 11.6% 9.0% 10.9% 10.8% 9.4% Interim report | January − September 2026 Group
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17 VD-ord Revenue recognition – Performance obligations Products Sales are satisfied at the point in time. Solution sales Performance obligations are satisfied over time. Revenue is recognised according to the project's rate of progression towards completion. Service and aftermarket Sales are satisfied at the point in time. Note 4. Revenue from customer contracts 1 Jul-30 Sep 2026 Total sales by segment and sales type, SEKm Product sales Solution sales Service and aftermarket Total Nederman Ex traction & Filtration Technology 200.5 298.9 142.7 642.1 Nederman Process Technology - 247.1 150.6 397.7 Nederman Duct & Filter Technology 208.4 9.7 1.0 219.1 Nederman Monitoring & Control Technology 133.8 13.9 40.7 188.4 Elimination -14.5 -10.4 -2.4 -27.3 Total Nederman group 528.2 559.2 332.6 1,420.0 1 Jul-30 Sep 2025 Total sales by segment and sales type, SEKm Product sales Solution sales Service and aftermarket Total Nederman Ex traction & Filtration Technology 190.7 333.7 130.5 654.9 Nederman Process Technology - 282.5 141.2 423.7 Nederman Duct & Filter Technology 184.9 15.8 0.7 201.4 Nederman Monitoring & Control Technology 133.5 10.6 37.4 181.5 Elimination -11.6 -14.3 -1.3 -27.2 Total Nederman group 497.5 628.3 308.5 1,434.3 1 Jan-30 Sep 2026 Total sales by segment and sales type, SEKm Product sales Solution sales Service and aftermarket Total Nederman Ex traction & Filtration Technology 611.4 833.6 400.9 1,845.9 Nederman Process Technology - 688.6 420.3 1,108.9 Nederman Duct & Filter Technology 585.0 28.6 3.1 616.7 Nederman Monitoring & Control Technology 400.6 33.7 99.9 534.2 Elimination -35.4 -25.4 -6.3 -67.1 Total Nederman group 1,561.6 1,559.1 917.9 4,038.6 1 Jan-30 Sep 2025 Total sales by segment and sales type, SEKm Product sales Solution sales Service and aftermarket Total Nederman Ex traction & Filtration Technology 635.5 926.4 400.8 1,962.7 Nederman Process Technology - 791.6 387.2 1,178.8 Nederman Duct & Filter Technology 600.2 45.1 2.5 647.8 Nederman Monitoring & Control Technology 416.9 49.7 103.0 569.6 Elimination -36.6 -38.3 -4.8 -79.7 Total Nederman group 1,616.0 1,774.5 888.7 4,279.2 Full year 2025 Total sales by segment and sales type, SEKm Product sales Solution sales Service and aftermarket Total Nederman Ex traction & Filtration Technology 860.9 1,252.0 535.9 2,648.8 Nederman Process Technology - 1,118.2 517.3 1,635.5 Nederman Duct & Filter Technology 766.9 56.8 3.2 826.9 Nederman Monitoring & Control Technology 565.7 67.9 140.6 774.2 Elimination -47.1 -49.6 -5.9 -102.6 Total Nederman group 2,146.4 2,445.3 1,191.1 5,782.8 Interim report | January − September 2026 Group
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18 VD-ord Note 5. Financial reporting in hyperinflationary economies The Nederman group has subsidiaries in T urkey where the functional currency is T urkish Lira, which is classified as a hyperinflationary currency. This means that assets and liabilities, including goodwill and other consolidated surplus values and deficits, in Turkish Lira must be adjusted for inflation in order to reflect changes in purchasing power. Inflation and its effect on the group is monitored and assessed continually. Pursuant to IAS 29, Nederman’s subsidiary in Turkey was recognised after remeasurement for hyperinflation in the Group’s financial statements. Assets and liabilities in Turkish Lira are based on cost. The index used for remeasurement of the financial statements is the consumer price index (CPI), which increased by 24.31 percent during the year. At the balance sheet date, the SEK-TRY exchange rate was 0.20 Monetary net profit was recognised in net financial items in the consolidated income statement and amounted to an immaterial amount for the group. Interim report | January − September 2026 Group
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19 VD-ord Note 6. Fair value and reported value in the statement of financial position 30 Sep 2026 SEKm Measured at fair value via income statement Financial instruments not reported at fair value Total carrying amount Accounts receivable - 759.7 759.7 Other current receivables - 400.8 400.8 Cash and cash equivalents - 579.3 579.3 Total - 1,739.8 1,739.8 Bank loans - 2,083.9 2,083.9 Other long-term liabilities 13.2 0.3 13.5 Lease liabilities - 579.5 579.5 Accounts payable - 442.9 442.9 Other current liabilities 19.0 1,004.0 1,023.0 Total 32.2 4,110.6 4,142.8 Financial instruments measured at fair value through profit or loss relate to liabilities associated with additional purchase price payouts for the acquisitions of Duroair in 2024, Euro-Equip in 2025 and Fume & Dust Control PTY Ltd in 2026. The liabilities are classified as Level 3 financial instruments. 31 Dec 2025 SEKm Measured at fair value via income statement Financial instruments not reported at fair value Total carrying amount Accounts receivable - 750.3 750.3 Other current receivables - 299.9 299.9 Cash and cash equivalents - 667.5 667.5 Total - 1,717.7 1,717.7 Bank loans - 1,936.6 1,936.6 Other long-term liabilities 23.7 2.4 26.1 Lease liabilities - 538.7 538.7 Accounts payable - 406.2 406.2 Other current liabilities 16.1 951.5 967.6 Total 39.8 3,835.4 3,875.2 Financial liabilities were measured at fair value, level 3* 1 Jan-30 Sep SEKm 2026 Opening balance 39.8 Revaluations recognised in profit or loss -10.8 Capital expenditure (acquisitions) 3.3 Settlement of liability -2.4 Translation differences 2.3 Closing balance 32.2 * Level 1 – quoted prices in active markets for identical financial instruments. Level 2 – inputs other than quoted prices included in Level 1 that are observable for financial instruments, either directly (meaning, as prices) or indirectly (meaning they are derived from prices). Level 3 – inputs for financial instruments that are not based on observable market data (unobservable inputs). N o t e 7. Related party transactions No member of the Board of Directors or senior executives have or have had any direct or indirect participation in any business transaction with Group companies which is or was of an exceptional character with regard to terms and conditions that occurred during the year or in any previous financial year. Fur ther, no group company has provided any loan, given any guarantees or entered into any surety relationships for any of the mem- bers of the Board of Directors or senior executives Interim report | January − September 2026 Group
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20 VD-ord Note 8. Alternative performance measures In addition to information on our reported IFRS results, we provide certain information on an underlying business performance basis. We believe that our underlying business performance measures provide meaningful supplemental information to both management, investors and other stakeholders. These underlying business performance measures should not be viewed in isolation or as substitutes to the equivalent IFRS mea - sures, but should be used in conjunction with the most directly comparable IFRS measures in the reported results. This is a consistent application compared to previous periods. See page 27 for definitions. 1 Jul-30 Sep 1 Jan-30 Sep Full year Oct-Sep SEKm 2026 2025 2026 2025 2025 12 months Operating profit 103.5 137.9 289.2 374.1 504.3 419.4 Acquisition cost - - 0.4 7.6 7.6 0.4 Revaluation of contingent purchase price - - -10.8 - - -10.8 Restructuring costs - - - - -1.6 -1.6 Adjusted operating profit 103.5 137.9 278.8 381.7 510.3 407.4 Adjusted operating profit 103.5 137.9 278.8 381.7 510.3 407.4 Net sales 1,420.0 1,434.3 4,038.6 4,279.2 5,782.8 5,542.2 Adjusted operating margin 7.3% 9.6% 6.9% 8.9% 8.8% 7.4% Operating profit 103.5 137.9 289.2 374.1 504.3 419.4 Amortisation intangible assets 27.6 28.5 83.4 85.8 116.2 113.8 Acquisition cost - - 0.4 7.6 7.6 0.4 Revaluation of contingent purchase price - - -10.8 - - -10.8 Restructuring costs - - - - -1.6 -1.6 Adjusted EBITA 131.1 166.4 362.2 467.5 626.5 521.2 Adjusted EBITA 131.1 166.4 362.2 467.5 626.5 521.2 Net sales 1,420.0 1,434.3 4,038.6 4,279.2 5,782.8 5,542.2 Adjusted EBITA margin 9.2% 11.6% 9.0% 10.9% 10.8% 9.4% Operating profit 103.5 137.9 289.2 374.1 504.3 419.4 Depreciation and amortisation 74.3 71.7 219.1 214.8 289.2 293.5 EBITDA 177.8 209.6 508.3 588.9 793.5 712.9 EBITDA 177.8 209.6 508.3 588.9 793.5 712.9 Acquisition cost - - 0.4 7.6 7.6 0.4 Revaluation of contingent purchase price - - -10.8 - - -10.8 Restructuring costs - - - - -1.6 -1.6 Adjusted EBITDA 177.8 209.6 497.9 596.5 799.5 700.9 Adjusted EBITDA 177.8 209.6 497.9 596.5 799.5 700.9 Net sales 1,420.0 1,434.3 4,038.6 4,279.2 5,782.8 5,542.2 Adjusted EBITDA margin 12.5% 14.6% 12.3% 13.9% 13.8% 12.6% Equity - Closing balance 2,515.0 2,718.3 Total assets (balance sheet total) 6,789.1 7,283.4 Equity/asset ratio 37.0% 37.3% Cash and cash equivalents 667.5 579.3 Long-term interest-bearing liabilities 1,915.8 2,055.9 Long-term lease liabilities 442.2 474.6 Pension liabilities 37.5 20.4 Current interest-bearing liabilities 20.8 28.0 Current lease liabilities 96.5 104.9 Net debt 1,845.3 2,104.5 Net debt 1,845.3 2,104.5 Equity - Closing balance 2,515.0 2,718.3 Net debt/equity ratio 73.4% 77.4% Equity - Opening balance 2,718.6 2,506.2 Equity - Closing balance 2,515.0 2,718.3 Equity - average 2,616.8 2,612.2 Net profit 274.0 224.4 Return on equity 10.5% 8.6% Interim report | January − September 2026 Group
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21 VD-ord Full year Oct-Sep SEKm 2025 12 months Equity - average 2,616.8 2,612.2 Net Debt - opening balance 1,696.8 1,978.0 Net Debt - closing balance 1,845.3 2,104.5 Net Debt - average 1,771.1 2,041.3 Operating capital - average 4,387.9 4,653.5 Adjusted operating profit 510.3 407.4 Return on operating capital 11.6% 8.8% Net debt - average, excl. IFRS 16 1207.9 1474.6 Operating capital - average, excl. IFRS 16 3837.9 4104.6 Adjusted operating profit, excl. IFRS 16 487.1 383.1 Return on operating capital excl. IFRS 16 12.7% 9.3% Net debt 1,845.3 2,104.5 Adjusted EBITDA 799.5 700.9 Net debt/Adjusted EBITDA, multiple 2.3 3.0 Profit before tax 385.1 317.8 Financial expense 145.1 125.8 Acquisition cost 7.6 0.4 Revaluation of contingent purchase price - -10.8 Restructuring costs -1.6 -1.6 EBT excluding financial expenses and non-recurring items 536.2 431.6 Financial expense 145.1 125.8 Interest cover ratio, multiple 3.7 3.4 Orders received, same period in previous year 1,250.8 1,437.4 4,176.0 4,371.5 5,779.9 Change in orders received, organic 147.4 -144.1 100.0 -138.0 -72.6 Change in orders received, currency effects 15.6 -84.2 -150.8 -184.1 -314.9 Change in orders received, acquisitions - 41.7 37.2 126.6 163.3 Orders received 1,413.8 1,250.8 4,162.4 4,176.0 5,555.7 Order growth, organic 11.8% -10.0% 2.4% -3.2% -1.3% Order growth, currency effects 1.2% -5.9% -3.6% -4.2% -5.4% Order growth, acquisitions -0.0% 2.9% 0.9% 2.9% 2.8% Order growth 13.0% -13.0% -0.3% -4.5% -3.9% Net sales, comparative period previous year 1,434.3 1,415.7 4,279.2 4,280.0 5,899.9 Change in net sales, organic -24.3 31.4 -155.9 22.1 -24.0 Change in net sales, currency effects 10.0 -88.2 -134.1 -185.1 -322.1 Change in net sales, acquisitions - 75.4 49.4 162.2 229.0 Net sales 1,420.0 1,434.3 4,038.6 4,279.2 5,782.8 Sales growth, organic -1.7% 2.2% -3.6% 0.5% -0.4% Sales growth, currency effects 0.7% -6.2% -3.1% -4.3% -5.5% Sales growth, acquisitions -0.0% 5.3% 1.1% 3.8% 3.9% Sales growth -1.0% 1.3% -5.6% -0.0% -2.0% 1 Jul-30 Sep 1 Jan-30 Sep Full year SEKm 2026 2025 2026 2025 2025 Interim report | January − September 2026 Group Note 8. Alternative performance measures, cont'd
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22 VD-ord Note 9. Risks and uncertainties Nederman is exposed to a number of risks that could significantly impact the group’s operations, earnings and financial position. Nederman conducts continuous risk assessments that include identifying the risks that impact the group and taking measu - res to man age these risks. Nederman does not calculate the economic value of all risks because many of them are highly complex and interrelated. However, the practical management of these risks is facilitated in several different ways, including through group- wide policies, business processes, training, internal controls, and processes for the audit and approval of reports. Nederman group’s risks are organised into five categories: Strategic risks, Operating risks, Compliance risks, Financial risks and Cyber and information risks. For a more detailed description of these risks, refer to the Risk management section on pages 64-65 and in note 3 of the Nederman group’s 2025 Annual and Sustainability Report. Note 10. Events after the end of the reporting period No significant events have occurred after the end of the repor ting period. Interim report | January − September 2026 Group
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23 VD-ord Income statement for the parent company in summary 1 Jul-30 Sep 1 Jan-30 Sep Full year Oct-Sep SEKm 2026 2025 2026 2025 2025 12 months Net sales 8.8 5.9 24.5 18.2 32.8 39.1 Administrative expenses -43.1 -36.6 -134.2 -141.8 -191.3 -183.7 Research and development expenses - - - -0.1 -0.1 - Other operating revenue and expenses 2.4 -0.6 7.1 -7.2 -8.3 6.0 Operating profit/loss -31.9 -31.3 -102.6 -130.9 -166.9 -138.6 Result from investment in subsidiaries 173.9 39.3 272.8 411.7 728.4 589.5 Net financial items, other -6.6 -9.0 -20.7 -27.7 -38.4 -31.4 Profit/loss after financial items 135.4 -1.0 149.5 253.1 523.1 419.5 Appropriations - - - - 123.5 123.5 Profit/loss before tax 135.4 -1.0 149.5 253.1 646.6 543.0 Ta xe s -1.6 14.3 -1.2 32.4 8.6 -25.0 Net profit/loss for the period 133.8 13.3 148.3 285.5 655.2 518.0 Other comprehensive income for the parent company in summary 1 Jul-30 Sep 1 Jan-30 Sep Full year Oct-Sep SEKm 2026 2025 2026 2025 2025 12 months Net profit/loss 133.8 13.3 148.3 285.5 655.2 518.0 Other comprehensive income for the period, net of tax - - - - - - Total comprehensive income for the period 133.8 13.3 148.3 285.5 655.2 518.0 Interim report | January − September 2026 Parent company
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24 VD-ord Balance sheet for the parent company in summary 30 Sep 30 Sep 31 Dec SEKm 2026 2025 2025 Assets Total fixed assets 2,441.8 2,408.2 2,405.3 Total current assets 232.1 96.7 327.8 Total assets 2,673.9 2,504.9 2,733.1 Equity Total restricted equity 374.6 360.3 368.2 Total unrestricted equity 1,301.3 950.3 1,309.9 Total equity 1,675.9 1,310.6 1,678.1 Liabilities Total long-term liabilities 929.8 1,081.4 929.8 Total current liabilities 68.2 112.9 125.2 Total liabilities 998.0 1,194.3 1,055.0 Total equity and liabilities 2,673.9 2,504.9 2,733.1 Changes in parent company shareholders’ equity in summary 30 Sep 30 Sep 31 Dec SEKm 2026 2025 2025 Opening balance at beginning of period 1,678.1 1,163.1 1,163.1 Net profit/loss 148.3 285.5 655.2 Other comprehensive income Total other comprehensive income for the period - - - Total comprehensive income for the period 148.3 285.5 655.2 Transactions with owners Dividend paid -140.1 -140.5 -140.5 Share-based remuneration 2.3 2.5 2.5 Repurchase of treasury shares -12.7 - -2.2 Closing balance at end of period 1,675.9 1,310.6 1,678.1 Note 1. Pledged assets and contingent liabilities for the parent company 30 Sep 30 Sep 31 Dec SEKm 2026 2025 2025 Pledged assets none none none Contingent liabilities 137.1 83.7 87.9 Interim report | January − September 2026 Parent company
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25 VD-ord Interim report | January − September 2026 Helsingborg, 21 October 2026 The Board of Directors
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26 VD-ord Review report Nederman Holding AB (publ), corporate identity number 556576-4205 TO THE BOARD OF DIRECTORS Introduction We have reviewed the condensed interim report for Nederman Holding AB (publ) as at September 30, 2026 and for the nine months period then ended. The Board of Directors and the Managing Director are responsible for the preparation and presentation of this interim report in accordance with IAS 34 and the Swedish Annual Accounts Act. Our responsibility is to express a conclusion on this interim repor t based on our review. Scope of review We conducted our review in accordance with the International Stan - dard on Review Engagements, ISRE 2410 Review of Interim Financial Statements 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 is substantially less in scope than an audit conducted in accordance with International Standards on Auditing and other generally accepted auditing standards in Sweden. The procedu - res performed in a review do not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Conclusion Based on our review, nothing has come to our attention that causes us to believe that the interim repor t is not prepared, in all material respects, in accordance with IAS 34 and the Swedish Annual Accounts Act regarding the Group, and in accordance with the Swedish Annual Accounts Act regarding the Parent Company. Helsingborg, October 21, 2026 Ernst & Young AB Andreas Mast Authorized Public Accountant Interim report | January − September 2026
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27 VD-ord Interim report | January − September 2026 Definitions PERFORMANCE MEASURE DEFINITION PURPOSE Return on equity Net profit for the year after tax divided by average equity. Return on equity shows the return on owners’ capital in accounting terms. This measure is primarily used to analyse owner profitability over time. Return on operating capital Adjusted operating profit as a percentage of average operating capital. A profitability measure that shows the return on the capital used to operate the core busi- ness. Return on operating capital is one of Nederman group’s long-term financial targets. Return on operating capital excl. IFRS 16 Adjusted operating profit as a percentage of average operating capital excluding IFRS 16. A profitability measure that shows the return on the capital used to operate the core busi- ness. Return on operating capital is one of Nederman group’s long-term financial targets. EBITA Operating profit before amortisation and impairment of intangible assets. EBIT A is reported because this is a measure often monitored by investors, analysts and other stakeholders to measure the company’s financial results. The measure excludes the amortisation and impairment of intangible assets. EBITA margin EBIT A as a percentage of sales. EBITDA Operating profit before depreciation, amortisation and impairment. EBITDA is reported because this is a measure often monitored by investors, analysts and other stakeholders to measure the company’s financial results. The measure excludes depreciation, amortisation and impairment, thereby showing the business’s capacity to generate resources for investments and payment to financiers. EBITDA margin EBITDA as a percentage of net sales. Equity per share Equity divided by the average number of shares outstanding. This measure shows how much equity is represented by each share. Adjusted EBITA Operating profit before amortisation and impairment of intangible assets, excluding acquisition and restructuring costs. Adjusted EBIT A is deemed to provide a fair view of the underlying operation’s earnings, whereby earnings exclude amortisation and impairment of intangible assets and non- recurring items. This is a primary performance measure within the Nederman group in the internal control of the group and the segments. Adjusted EBITA margin Adjusted EBIT A as a percentage of sales. The adjusted EBIT A margin is one of the Nederman group’s long-term profitability targets. Adjusted EBIT A margin is deemed to provide a fair view of the underlying operation’s prof- itability, when this profitability excludes depreciation, amortisation and impairment, as well as income items that are non-recurring. This is a primary performance measure within the Nederman group in the internal control of the group and the segments. Adjusted EBITDA Operating profit before depreciation, amortisation and impairment, excluding acquisition and restructuring costs. Adjusted EBITDA is recognised because this is a measure often monitored by investors, analysts and other stakeholders to measure the company’s financial results. The measure excludes depreciation, amortisation and impairment, as well as non-recurring items. The measure shows the business’s capacity for investments and payment to financiers. Adjusted EBITDA margin Adjusted EBITDA as percentage of sales. Adjusted EBITDA/ Net financial items Adjusted EBITDA divided by net financial items The performance measure shows how many times current earnings (adjusted EBITDA) covers the company’s net financial items. Adjusted operating profit Operating profit excluding acquisition and restructuring cost. Shows the result from operational activities excluding non-recurring items. Adjusted operating margin Adjusted operating profit as a percentage of net sales. Capital turnover rate Net sales divided by average operating capital. Shows the efficiency of the use of operating capital. Net debt Interest-bearing liabilities (including pensions) less cash and cash equivalents. The measurement shows debt and is used to monitor the debt trend and to identify the need for refinancing. This measure comprises a component of the debt ratio. Net debt/ adjusted EBITDA Net debt divided by adjusted EBITDA. The performance measure shows how many times greater net debt is in relation to adjusted EBITDA. This is a performance measure monitored by investors, analysts and other stakeholders. Net debt /equity ratio Net debt divided by equity. A measure that shows the loan-to-value ratio, which comprises the correlation between debt and equit y. This makes it a measure of financial position and stabilit y. A good level of net debt /equit y ratio provides favourable conditions for grow th oppor tunities, while the dividend policy can be upheld. Operating capital Equity plus net debt. Operating capital shows how much capital there is in the operation. This measure is mainly used to calculate the return on operating capital. Organic growth Growth rate that does not come from acquisitions or currency effects, compared with the corresponding period in the preceding year. Organic growth enables a comparison over time for the companies that have been a part of the Nederman group for more than 12 months, excluding effects of changed exchange rates. The measure is used to show the ability to generate growth in existing operations. Earnings per share (before dilution) Net profit for the year attributable to parent company shareholders in relation to the average number of shares outstanding. Earnings per share shows how much of the period’s earnings that each share provides entitlement to. Earnings per share (after dilution) Net profit for the year attributable to parent company shareholders in relation to the average number of shares outstanding plus the average number of convertibles and warrants, as calculated in accordance with IAS 33. Interest-coverage ratio Profit before tax with a reversal of financial expenses and acquisition costs in relation to financial expenses. The performance measure shows the capacity to cover the financial expenses. The performance measure states how many times the group’s earnings cover the financial expenses. Operating profit Operating profit after depreciation, amortisation and impairment. Shows the earnings from operational activities. Operating margin Operating profit as a percentage of net sales. Equity/assets ratio Equity divided by total assets (balance sheet total). This performance measure reflects the company’s financial position and thus its long- term payment capacity. A healthy equity/assets ratio, in other words, a strong financial position, provides the requirements to be able to manage weak economic periods and to capitalise on future growth opportunities. Currency neutral growth Currency neutral growth is the growth rate that does not come from currency effects, compared with the corresponding period in the preceding year. Currency neutral growth comprises organic growth plus growth from acquired subsidi- aries, which are deemed to provide a fair view of the operations’ development. Currency neutral growth is one of Nederman group’s long-term financial targets. Annual average Average of the balance at the beginning and end of the year.
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28 VD-ord Interim report | January − September 2026 INVITATION TO TELEPHONE CONFERENCE A telephone conference regarding the repor t will be held, in English, Wednesday 21 October 2026 at 10:00 a.m. CET. Nederman’s President and CEO, Sven Kristensson and CFO, Matthew Cusick will present the report and answer questions. Teleconference Please register on the link below if you wish to par ticipate via telecon- ference. After registration you will be provided phone numbers and a conference ID to access the conference. You can ask questions verbally via the teleconference. events.inderes.com/nederman-holding/q3-report-2026/dial-in Webcast If you wish to par ticipate via webcast please use the link below. nederman-holding.events.inderes.com/q3-report-2026/register FINANCIAL CALENDAR • Year-end repor t 2026 12 February 2027 8:00 a.m. • Interim report 1 23 April 2027 8:00 a.m. • Annual General Meeting 27 April 2027 4:00 p.m. • Interim report 2 15 July 2027 8:00 a.m. • Interim report 3 21 October 2027 8:00 a.m. This repor t contains for ward-looking statement s that are based on the current expectations of Nederman’s management. Although manage - ment believes that the expectations reflected in such forward-look - ing statements are reasonable, no assurance can be given that such expectations will prove correct. Accordingly, results could differ mate - rially from those implied in the forward-looking statements as a result of, among other factors, changes in economic, market and competitive conditions, changes in the regulatory environment and other govern - ment actions, fluctuations in exchange rates and other factors. Nederman is required to disclose the information provided herein according to the Swedish Securities Exchange and Clearing Operations Act and/or the Financial Instrument Trading Act. The information has been made public at 8:00 a.m. CET on 21 October. AUDITOR’S REVIEW The interim report has been subject to a review by the company’s audi- tor, see page 26 for the auditor’s review report. FURTHER INFORMATION CAN BE OBTAINED FROM Sven Kristensson, CEO Telephone: +46 (0)42 18 87 00 e-mail: sven.kristensson@nederman.com Matthew Cusick, CFO Telephone: +46 (0)42 18 87 00 e-mail: matthew.cusick@nederman.com For further information, see Nederman’s website www.nedermangroup.com ADDRESS Nederman Holding AB (publ), Box 602, 251 06 Helsingborg, Sweden Telephone: +46 (0)42 18 87 00 Swedish corporate identity no.: 556576-4205 Nederman’s YouTube channel Scan the QR code with your mobile phone and visit our YouTube channel. FOLLOW US
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nedermangroup.com nedermangroup.com COMPETITIVE PRODUCTS All of Nederman’s products are designed to promote health and safety, enhance production efficiency and minimise the customers’ environmental impact. We lead the developme - nt of digital products and solutions that future-proof our customers’ operations in terms of energy use, recycling and compliance with regulatory requirements. Sales of indivi - dual products, small and medium-sized systems, and major system solutions with a high degree of customisation com - prise the majority of the Group’s sales. The sale of products and solutions provides a broad customer base that drives our service sales. FULL-SERVICE OFFERING A key feature of our offering is the ability to guarantee our customers the highest possible availability for their solu - tions. Our starting point is that we must be the alternative that offers the customer the lowest total cost over the life cycle of the solution. In addition to high-quality products, this means that we offer qualified service with a high level of availability to ensure continuous operation. The offering includes technical service, service contracts, spare parts and consumables. MARKET-LEADING POSITIONS Since the start, Nederman has developed a broad and com - petitive product programme. This programme, combined with a comprehensive sales network and significant invest- ments in new technology, is the foundation for our leading position in a global market. Size and market breadth give us economies of scale in terms of product development, pur - chasing and production. Nederman is already the segment leader in EMEA, but is now also second-largest in the vital Americas market and in the top five in APAC. This provides a strong platform on which to build further. STRONG BRANDS Today, Nederman addresses its market with a strong port - folio of brands. Our strategy is that each individual brand is to bring cutting-edge competence to the Group in a specific product area or market segment. Accordingly, we have the possibilit y to meet many different customer needs and mar- ket segments, in both mature and emerging markets. The brand portfolio is continuously evaluated, while we simulta- neously actively analyse potential acquisitions. A global technology company Nederman is an environmental technology company and a global leader in industrial air fil- tration dedicated to extracting, transporting and cleaning air to make industrial production more efficient, safe and sustainable. Based on industry leading products, solutions and ser- vices in combination with innovative IoT technology, we monitor and optimise performance and validate emissions compliance to protect people, planet and production. The Nederman Group is listed on Nasdaq Stockholm. The Group has approximately 2,400 employees and a presence in more than 50 countries. Learn more at nedermangroup.com