Slides
Page 1
We light up your world 2026 Q2 results presentation 21 July, 2026
Page 2
2 • Order intake and sales increased, while profitability remained below expectation • Strategic priorities launched to improve performance, efficiency and competitiveness • Strong activity in energy-efficiency lighting and LED conversion projects • Increased collaboration across the Group is strengthening the customers offering • Positive momentum in smart lighting, data centres and selected growth segments CEO comment
Page 3
3 Q2 2026 in figures • Order intake: 2 068 MSEK (1 905) 8.6% growth, adjusted to a 0.5% decline excluding currency effects and acquisitions of 171 MSEK. • Net sales: 1 974 MSEK (1 848) 6.8% growth, or -1.4% adjusted for currency and acquisitions. • EBITA marginbeforeIAC: 5.7 (7.4)%. • Earnings per sharebeforeIAC: 0.08 SEK (0.32). • EBITA beforeIAC : 113 MSEK (136). • Order backlog increased to 1 916 MSEK (1 823), mainly driven by Professional, but also by Infrastructure and the recently secured Designplan project.
Page 4
4 • Order intake: 4 037 MSEK (4 132) 2.3% decrease, adjusted to -8.1% for currency effects and acquisitions. • Net sales: 3 795 MSEK (3 788) 0.2% increase, adjusted to a decrease of 5.2% for currency effects and acquisitions. • EBITA beforeIAC: 158 MSEK (300). • EBITA marginbeforeIAC: 4.2% (7,9%). • Earnings per sharebeforeIAC: -0.09 SEK (0.76). YTD 2026 in figures
Page 5
Strategic review Priorities for profitable growth
Page 6
Fagerhult Group: Priorities for profitable growth Consolidation, cost reduction, and a sharper focus on Europe Driving performance as one Group, with clear responsibilities Continue leading in innovation, and focus on high- growth segments 1 2 3 6
Page 7
Our strategy – from vision to value creation ~220 MSEK, to be released through cost reductions and other initiatives 10% EBITA & FCF 6-7% - we need to improve our inventory turnover! 6% CAGR, focus on organic growth Financials going forward Strategic priorities Where we play Ambition Our vision Resilient, and more cost-conscious future proof structure Stronger presence in Europe Working more together Continue innovative leadership Top 3 major European markets Group focus on new growth segments: defense, public investments, and data centers Renovation and new-builds Professional lighting segments Step 1: Focus on profitability Step 2: Focus on growth 100% smart by 2030 A world enhanced by light 7
Page 8
Financial update
Page 9
9 Financial summary Q2 ─ Net sales increased by 6.8%, 1,974 (1,848) MSEK, organic -1.4%. ─ EBITA before IAC decreased during the period by -16.9% to 113 (136) MSEK. ─ Earnings per share before IAC amounted to 0.08 (0.32) SEK. ─ The lower performance impacted the operating cash flow for the period, which amounted to -9 (162) MSEK. Financial summary Q2
Page 10
10 Financial summary YTD ─ Net sales increased by 0.2% to 3,795 (3,788) MSEK, organic -5.2%. ─ EBITA before IAC was 158 (300) MSEK, which is lower by -47.4% compared to last year. ─ Earnings per share before IAC amounted to -0.09 (0.76) SEK. ─ The weaker EBITA results in a lower cash flow YTD of -169 (+188) MSEK. Financial summary YTD
Page 11
11 Net sales R12 Net sales R12, MSEK Sales development
Page 12
12 EBITA marginbefore IAC by quarter and R12 Rolling 12 monthsEBITA before IAC,% Margin development
Page 13
13 ─ Order intake 894 (884) MSEK, organic 2.0% ─ Net sales 886 (886) MSEK, organic 1.0% ─ EBITA margin before IAC 8.6 (10.7)% • The overall performance of the BA remained mixed. • iGuzzini delivered stable sales despite continued weak demand across several markets, supported by a strong project pipeline. • Ateljé Lyktan secured an order for street lighting for Malmö Stad, with scheduled deliveries over several years. • WE-EF reported lower sales for the quarter, while order intake remained resilient. • LED Linear continued its positive development, driven by the restructuring program implemented during 2025 and improved operational performance. Business update Financials Q2 Collection
Page 14
14 ─ Order intake 608 (637) MSEK, organic -4.4% ─ Net sales 601 (659) MSEK, organic -8.8% ─ EBITA margin before IAC 10.0 (14.5)% Financials Q2 • During the quarter BA Premium continued to face subdued demand with low new-build activity and a limited number of large projects. • Several key projects have been secured, such as the new emergency hospital in Västerås and Scandinavia’s largest orthopedic center. • LTS was during the quarter awarded the Red Dot Award 2026 in the Lighting Design category for the ORYO Recessed product, recognizing the luminaire’s design quality. Business update Premium
Page 15
15 ─ Order intake 378 (234) MSEK, a total increase of 61.5% mainly explained by the contribution from Trato TLV ─ Net sales 366 (192) MSEK, organic 10.0% ─ EBITA margin before IAC 2.2 (-6.7)% Financials Q2 • The second quarter delivered continued strong organic sales growth, primarily driven by a strong performance in the UK. • The retail sector in France also continued to perform well, both through existing customers and new business opportunities. • Trato TLV has now been a part of the Fagerhult Group for one year. The company has delivered in line with expectations, and the integration has progressed well. Business update Professional
Page 16
16 ─ Order intake 170 (147) MSEK, organic 16.0% ─ Net sales 164 (163) MSEK, organic 2.4% ─ EBITA margin before IAC -2.2 (0.2)% Financials Q2 • Private industrial segments remained cautios with investment decisions being postponed while publicly funded sectors were more resilient. • Designplan secured a prison project in the UK. Veko also showed signs of recovery through a project for an Opel manufacturing plant in Germany. • Data center segment was made a strategic priority. To support this growth, a new cross-brand operating model is established to combine the capabilities of Veko, Whitecroft and Fagerhult. Business update Infrastructure
Page 17
17 Operating cash flow by quarter and R12 Rolling 12 monthsCash flow by quarter, MSEK Cash flow
Page 18
18 Net debt and Net debt/EBITDA ratio *EBITDA adjusted for acquisitions/divestments on a proforma basis and excluding items affecting comparability Net debt/EBITDA*Net debt, MSEK Net debt development
Page 19
19 Rolling 12 monthsEarnings per share before IAC by quarter, SEK Earnings per share
Page 20
20 Conclusion and recap • Order intake stabilized through most of the quarter, despite continued customer caution and prolonged investment decisions • Activity remained strong in energy-efficient lighting, LED conversion projects, and several attractive growth segments • Focus is on improving profitability, increasing efficiency, and strengthening the competitive position • Selected initiatives and the ongoing cost savings programme are expected to deliver a SEK 220 million earnings improvement within 6–12 months • Long-term profitable growth is supported by a stronger European focus, increased brand collaboration, and exposure to defence, public infrastructure, and data centres
Page 21
Q&A