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Internal document
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Internal documentTRELLEBORG GROUP2 • Highlights Agenda Highlights Financials Summary & Outlook Q1 2026 Q&A Business areas
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Internal documentTRELLEBORG GROUP3 • Sales at SEK 8 380 M (8 783), a decrease of 5 percent • Organic sales +1 percent, M&A +3 percent, currency -9 percent • EBITA at SEK 1 542 M (1 587), corresponding to a margin of 18.4 percent (18.1) – highest to date for a fourth quarter • Currency translation effect on EBITA of SEK -140 M • Items affecting comparability at SEK -176 M (-76) • Operating cash flow at SEK 1 726 M (1 681) • Continued share buy-backs in Q4; SEK 508 M • Proposed dividend of SEK 8.00 (7.50) per share • Post Q4: Acquisition of Nexus Elastomer Molds Continued margin improvement Q4 2025 financial summary1 1 Excluding items affecting comparability
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Internal document TRELLEBORG GROUP4 Net sales and organic sales development by geography 1 Share of total sales full -year 2025, continuing operations; RoW = Rest of the World Region Share of global net sales1 Net sales, SEK M Oct – Dec 25 Organic growth,% Oct – Dec 25 Net sales, SEK M Oct – Dec 24 Organic growth,% Oct – Dec 24 Europe 3 601 +4% 3 569 -5% Americas 2 729 +3% 2 854 -1% Asia & RoW 2 050 -4% 2 360 +19% Total 8 380 +1% 8 783 +1% 43% 33% 24%
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Internal documentTRELLEBORG GROUP5 • Highlights Agenda Highlights Financials Summary & Outlook Q1 2026 Q&A Business areas
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Internal document TRELLEBORG GROUP6 • Organic sales -3 percent; M&A +4 percent • Sales decreased due to temporarily lower project deliveries • Varying sales in diversified industrials and construction segments • Automotive sales stable development • Good performance in aerospace • EBITA decreased due to negative currency translation rate effects • Margin improved, mainly due to structural improvements and sales mix Lower project sales, margin improved Trelleborg Industrial Solutions1 1 Excluding items affecting comparability SEK M Q4 2025 Q4 2024 Change, % Net sales 3 691 3 980 -7 Organic, % -3 +4 Structural, % +4 +1 Exchange rate, % -8 +1 EBITA 609 639 -5 EBITA % 16.5 16.1 +0.4 pp
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Internal document TRELLEBORG GROUP7 • Organic sales +5 percent; M&A +/- 0 percent • Solid sales growth to medtech in Europe and Asia • North America remained sluggish • Life science segment delivered strong global growth • EBITA declined slightly due to negative exchange rate effects • Margin improved, supported by higher volumes and efficiency improvements • Inauguration of Costa Rica production facility Organic sales growth, margins up Trelleborg Medical Solutions1 1 Excluding items affecting comparability SEK M Q4 2025 Q4 2024 Change, % Net sales 840 903 -7 Organic, % +5 0 Structural, % 0 +40 Exchange rate, % -12 +2 EBITA 185 190 -3 EBITA % 21.9 21.1 +0.8 pp
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Internal document TRELLEBORG GROUP8 • Organic sales +5 percent; M&A +3 percent • Sales to the industrials segment improved across all regions • Automotive segment declined, mainly in Europe, and remained sluggish elsewhere • Aerospace segment continued to show strong global growth • EBITA and margin increased slightly despite significant adverse currency impact • Sales mix and newly acquired businesses with initially lower profitability held back margin Organic sales growth improves further Trelleborg Sealing Solutions1 1 Excluding items affecting comparability SEK M Q4 2025 Q4 2024 Change, % Net sales 4 058 4 089 -1 Organic, % +5 -1 Structural, % +3 +3 Exchange rate, % -9 0 EBITA 821 817 0 EBITA % 20.2 20.0 +0.2 pp
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Internal document TRELLEBORG GROUP9 Sustainability KPIs – Group Carbon dioxide emissions Scope 1 & 2 0.0 2.0 4.0 6.0 8.0 10.0 12.0 14.0 16.0 18.0 ktons, CO₂ Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 17.0 16.5 12.2 8.3 12.2 -28%
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Internal documentTRELLEBORG GROUP10 Sustainability KPIs – Group Share of renewable and fossil-free electricity 0.0 20.0 40.0 60.0 80.0 100.0 GWh Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 66.6 75.9 74.880.7 71.9 79.4 77.279.6 76.878.7 Renewable and fossil-free electricity Total electricity 88% 98% +10 pp Renewable and fossil-free electricity / Total electricity
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Internal documentTRELLEBORG GROUP11 • Highlights Agenda Highlights Financials Summary & Outlook Q1 2026 Q&A Business areas
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Internal document TRELLEBORG GROUP12 Group sales development Organic growth but negative F/X impact 8,783 8,380 Q4 24 Q4 25 -5% 34,170 34,329 12M 24 12M 25 0% October – December (%) Organic 1 Structural 3 Currency -9 Total -5 January – December (%) Organic 1 Structural 5 Currency -6 Total 0
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Internal document TRELLEBORG GROUP13 1 Structural growth + organic growth, excluding currency effects and discontinued operations 23 16 12 8 3 -5 3 4 7 5 7 4 -10% 0% 10% 20% 30% % 22 Q4 23 Q1 23 Q2 23 Q3 23 Q4 24 Q1 24 Q2 24 Q3 24 Q4 25 Q1 25 Q2 25 Q3 25 Q4 0 15 7 3 -1 0 -3 1 1 1 1 -1 4 1 Of which organic growth, %: Target: 8% annual sales growth with constant currencies over a business cycle1
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Internal documentTRELLEBORG GROUP14 Group, R12M Sales development 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 SEK M SEK M Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Quarter (LHS) R12M (RHS)
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Internal documentTRELLEBORG GROUP15 1,587 1,542 Q4 24 Q4 25 -3% 6,140 6,286 12M 24 12M 25 +2% 12M 24 12M 25 18.0 18.3 +0.3 pp EBITA EBITA EBITA % EBITA % Oct - Dec Jan - Dec 1 Excluding items affecting comparability EBITA and margin development1 EBITA-margin improved further Q4 24 Q4 25 18.1 18.4 +0.3 pp
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Internal documentTRELLEBORG GROUP16 EBITA and margin, R12M1 R12M EBITA – continued improvement 10 12 14 16 18 20 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 SEK M % Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 +2% EBITA EBITA % 1 Excluding items affecting comparability
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Internal documentTRELLEBORG GROUP17 Profit & loss statement SEK M Q4 2025 Q4 2024 Change, % 12M 2025 12M 2024 Change, % Net sales 8 380 8 783 -5 34 329 34 170 0 EBITA, excluding items affecting comparability 1 542 1 587 -3 6 286 6 140 2 EBITA-margin, % 18.4 18.1 18.3 18.0 EBIT, excluding items affecting comparability 1 399 1 420 -1 5 706 5 602 2 EBIT-margin, % 16.7 16.2 16.6 16.4 Items affecting comparability -176 -76 -389 -315 EBIT 1 223 1 344 -9 5 317 5 287 1 Financial income and expenses -111 -86 -29 -506 -297 -70 Profit before tax 1 112 1 258 -12 4 811 4 990 -4 Taxes -276 -326 15 -1 215 -1 254 3 Net profit, Group 836 932 -10 3 596 3 736 -4 Earnings per share, SEK, excluding items affecting comparability 4.30 4.24 1 17.09 16.74 2 Earnings per share, SEK, Group 3.71 3.99 -7 15.76 15.73 0
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Internal documentTRELLEBORG GROUP18 Group Group Group excl. items affecting comparability Oct - Dec Jan - Dec 1 No dilution effects 0 2 4 % Q4 24 Q4 25 3.99 3.71 -7% 0 10 20 % 12M 24 12M 25 15.73 15.76 0% 0 2 4 6 % Q4 24 Q4 25 4.24 4.30 +1% 0 10 20 % 12M 24 12M 25 16.74 17.09 +2% Group excl. items affecting comparability Earnings per share1 Underlying EPS growth, but depressed by currency impact
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Internal document SEK M Q4 2025 Q4 2024 Change EBITDA 1 921 1 944 -23 Working capital 284 413 -129 Net capex -372 -576 204 Leasing -90 -93 3 Other -17 -7 -10 Operating cash flow 1 726 1 681 45 TRELLEBORG GROUP19 Operating cash flow1 Solid cash flow improvement 1 Excluding items affecting comparability, continuing operations 1,681 1,726204 Q4 24 EBITDA Working capital Net capex Leasing Other Q4 25 -23 -129 -10 3
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Internal documentTRELLEBORG GROUP20 1 Excluding items affecting comparability, continuing operations Operating cash flow, R12M1 Cash conversion remains at a strong level 85 76 69 63 74 75 88 99 92 95 88 85 89 90 87 92 93 0 20 40 60 80 100 120 140 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 5,500 6,000 SEK M % Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Operating cash flow Cash conversion %
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Internal documentTRELLEBORG GROUP21 % 25 56 -6 16 20 -10 0 10 20 30 40 50 60 21 22 23 24 25 Net debt / Equity 24 25 -0.5 0.0 0.5 1.0 1.5 2.0 2.5 21 22 23 1.2 2.4 -0.2 0.9 1.0 Net debt / EBITDA Gearing and leverage, R12M Strong balance sheet despite numerous acquisitions and share buy -backs X
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Internal documentTRELLEBORG GROUP22 1 Excluding items affecting comparability Return on capital employed, R12M, %1 ROCE impacted by several acquisitions with initially lower margins 7.5 10.0 12.5 15.0 17.5 5.0 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q3 25 Q4 25 15.1 15.7 16.1 16.5 15.9 14.9 13.9 13.0 12.9 12.7 13.0 12.5 12.2 12.0 11.7 12.0 12.1 Q2 25
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Internal documentTRELLEBORG GROUP23 SEK ~1.45 B Capex SEK ~375 M Restructuring costs SEK ~650 M Amortization of intangible assets ~25% Underlying tax rate Financial guidelines for full-year 2026
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Internal documentTRELLEBORG GROUP24 • Highlights Agenda Highlights Financials Summary & Outlook Q1 2026 Q&A Business areas
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Internal documentTRELLEBORG GROUP25 Organic growth with higher margin Q4 2025 financial summary 01 Improved demand TSS and TMS recorded organic growth, while TIS temporarily had lower project deliveries 02 Margin improvement Highest EBITA margin for a fourth quarter to date 03 Adverse currency impact Translation of currency reduced sales by 9 percent and had a negative EBITA impact of SEK 140 M 04 Continued share buy-backs Buy-back program continues at a rate of SEK ~500 M per quarter (508 M in Q4)
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Internal documentTRELLEBORG GROUP26 • Demand is expected to be on a par with the fourth quarter of 2025, adjusted for seasonal variations • Due to the geopolitical situation, the outlook is associated with continued uncertainty Outlook Q1 2026
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Internal documentTRELLEBORG GROUP27 • Highlights Agenda Highlights Financials Summary & Outlook Q1 2026 Q&A Business areas
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Internal documentTRELLEBORG GROUP28
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