Cedergrenska (CEDER) investor relations material

Executive summary

• Revenue for Q2 2025/26 increased by 54.5% year-over-year to 397.8 MSEK, driven by acquisitions and organic growth.

• EBITA rose 57% to 29.7 MSEK, with a stable EBITA margin of 7.5%.

• Net income with reversed goodwill amortization reached 22.3 MSEK, up from 13.8 MSEK.

• Strong cash flow from operations at 73.1 MSEK, supporting investments and acquisitions.

• Integration of acquired schools and focus on quality initiatives in school libraries and student health.

Financial highlights

• Six-month revenue grew 52.4% year-over-year to 767.3 MSEK.

• Six-month EBITA was 60.5 MSEK (up from 31.6 MSEK), with a margin of 7.9% (previously 6.3%).

• Adjusted EPS for the quarter was 1.76 SEK (1.22 SEK last year).

• Net debt at period end was 81.1 MSEK, corresponding to 0.6x EBITDA.

• Cash and cash equivalents at period end were 36.7 MSEK.

Outlook and guidance

• EBITA margin guidance for full year 2025/26 raised to at least 7.0% (previously 6.0%), excluding one-off costs related to a potential Nasdaq Stockholm Main Market listing.

• Continued focus on quality, regulatory preparedness, and sustainable margins.