Troax Group Ab Class A · OMXSTO:TROAX
Troax Group Ab Class A — Q3 2026 Earnings Presentation
17 slides from Troax Group Ab Class A's earnings presentation, Oct 29, 2026
Slide 1: Q3 interim report, 2026
Q3 interim report, 2026 Martin Nyström President & CEO 29 October 2026
Slide 2: Agenda
Agenda • Third quarter highlights • Financial development • Summary and Q&A 2
Slide 3: Third quarter highlights
Third quarter highlights Continued strong order intake and improved sales • Order intake grew 60% to 99.7 MEUR; sales grew 51% to 96.9 MEUR; book-to-bill remained positive 60% Order intake growth (YoY) • Acquisitions added 65% to order intake while organic intake was flat • Organic sales grew 5% yea
Slide 4: Third quarter highlights
Third quarter highlights Continued sequential profitability improvement despite unfavourable mix 15.6% Adjusted EBITA margin • Gross margin fell to 36.1% from 38.0% on a less favourable sales mix (excl. one-off items) • Continued cost pressure on materials in Europe and transportation across the bus
Slide 5: North America – increased capacity with significant potential ahead
North America – increased capacity with significant potential ahead • Production relocation from Chicago to Portland completed • The new facility adds capacity and efficiency, but considerable work remains to realise its full potential • Delivery volumes increased in the quarter despite ramp-up chal
Slide 6: Launching the commercial platform for long-term growth
Launching the commercial platform for long-term growth • Creating a clearer and more consistent market position that reflects Troax's leadership, expertise and expanding portfolio • Introducing Beyond Safety, positioning safety as a platform for productivity, continuity and operational performance •
Slide 7: Stronger leadership team to support strategy execution
Stronger leadership team to support strategy execution • Robert Burning appointed CFO Strengthened finance leadership supports disciplined execution, acquisition integration and future growth • Maria Pettersson appointed VP Sourcing & Sustainability Expanded capabilities in sourcing, sustainability
Slide 8: Market development
Market development Total 0% (Organic intake YoY, excl. FX) Automotive Warehouse Construction Process Other Total ~15% ~35% ~10% ~10% ~30% 100% Share of sales OI change (2025) (YoY) Northern Europe 14% 67% Southern Europe -4% Americas 12% -22% APAC 21% -34% < -5% -5% to 5% >5% 8
Slide 9: Order intake growth (YoY)
Order intake growth (YoY) Order intake grew 60% to 99.7 MEUR; acquisitions added 65%, while organic intake remained broadly unchanged Order intake by quarter, MEUR Order intake bridge Q3 2025 to Q3 2026, MEUR Labels show change in % vs Q3 2025 120 120 +60% 99.7 +57% +3% 100 100 99.7 80 80 0% 62.2 60
Slide 10: Sales development (YoY)
Sales development (YoY) Net sales grew 51% to 96.9 MEUR, driven by acquisitions; organic sales grew 5% Net sales by quarter, MEUR Net sales bridge Q3 2025 to Q3 2026, MEUR Labels show change in % vs Q3 2025 120 120 +51% 100 96.9 100 +47% −1% 96.9 80 80 +5% 64.2 60 60 64.2 40 40 20 20 0 0 Q3 Q4 Q1 Q2
Slide 11: EBITA development
EBITA development Adj. EBITA rose to 15.1 MEUR; margin of 15.6%; sequential improvement from Q2 Adj. EBITA and margin by quarter • Gross margin fell to 36.1% from 38.0% on a less favourable sales mix Adj. EBITA (MEUR) Adj. EBITA margin % 30 20% • Higher material costs in Europe and 16.1 15.6% Adj. E
Slide 12: Operating cash flow development
Operating cash flow development Operating cash flow fell to 9.9 MEUR from 12.6 MEUR last year as acquisition growth tied up working capital Operating cash flow and cash conversion by quarter Operating cash flow (MEUR) R3 Cash conversion % 90 9.9 MEUR 80 Free operating cash flow 70 90% 60 50 40 30 20
Slide 13: Net debt development
Net debt development Financial net debt and net debt/EBITDA by quarter • Net debt (excl. IFRS 16) rose to 154 MEUR from 46.9 MEUR a year ago Financial net debt (MEUR) Net debt/EBITDA 250 5x • The increase is mainly from acquisitions, including 25.2 MEUR in 3.1 (R12) 200 Net debt/EBITDA 4x earn-out a
Slide 14: Financial summary
Financial summary Order intake grew 60% and sales 51%, driven by acquisitions; adj. EBITA increased by 46% to 15.1 MEUR Key financials, MEUR Q3 2025 Q3 2026 Growth YoY Order intake Sales Order intake 62.2 99.7 Organic 0% +5% Sales 64.2 96.9 Structure +57% +47% Adj. EBITA 10.3 15.1 Currency +3% −1% A
Slide 15: In summary
In summary • Record order intake and strong sales, driven by acquisitions and continued solid activity in warehousing and data centres • Profitability improved, although margin development was held back by mix effect, gross margin pressure and continued ramp-up activities in North America • Volume g
Slide 16: -TROax
-TROax 16
Slide 17: Thank you!
Thank you! a TROaxXxX