Bohus (BOHUS) investor relations material

Executive summary

• Achieved 15.7% year-over-year revenue growth in Q2 2026, reaching NOK 963.8 million, driven by new store openings and strong like-for-like sales, especially in outdoor furniture.

• Successfully listed on the Oslo Stock Exchange, bringing in nearly 3,000 new shareholders, and refinanced bank debt with a NOK 600 million revolving credit facility.

• Completed transition from a franchise/wholesale model to a fully integrated retailer, now owning 66 of 72 stores after acquiring 55 franchisees in 2025.

• Opened two new stores in Q2 2026, with a total of six new stores in the last 12 months, contributing to growth and market expansion.

• Maintains a leading market share of 20% in Norway's mid-market furniture segment, with a growing customer club exceeding 600,000 members.

Financial highlights

• Group revenue grew 15.7% year-over-year to NOK 963.8 million in Q2 2026; like-for-like growth was 10.1%.

• Gross margin improved to 48.9% from 47.5% in the same quarter last year.

• Adjusted EBIT reached NOK 143.5 million (14.9% margin), up from NOK 110.8 million, with EBIT margin rising to 14.9% from 13.3%.

• Profit for the period was NOK 71.4 million, up from NOK 6.6 million in Q2 2025.

• Net cash flow from operating activities in Q2 2026 was NOK 137.3 million.

Outlook and guidance

• No change to financial targets; expects mid-single digit like-for-like growth in the short term and mid-to-high single digit growth longer term as initiatives take effect.

• Plans to open 3–5 new stores per year, with four already planned for 2027 and each new store expected to generate NOK 20–25 million in revenue.

• Gradual EBIT margin increase toward mid-teens is targeted.

• Dividend policy set at at least 80% of net income.

• Market expected to remain resilient with steady growth and continued market share gains.