Citira (CITRA) investor relations material

Executive summary

• Q3 LFL revenue grew 2.2% in constant currencies; LFL adjusted EBITDA rose 17.7% to SEK 127.8m, supported by savings, pricing discipline and stronger gross margins in Finland and Norway.

• Reported revenue increased 36.2% to SEK 1,064.3m, mainly driven by acquisitions; the platform spans 180+ service points and depots in five countries, with 1,600 employees and five retreading sites.

• 9M LFL adjusted EBITDA increased 16.9% to SEK 395.1m; pro forma revenue was SEK 5.0bn and pro forma IFRS EBITDA margin was 14%.

Financial highlights

• Q3 reported adjusted EBITDA was SEK 113.4m versus SEK 30.6m; reported EBITDA was SEK 99.9m versus SEK 22.7m.

• Q3 LFL adjusted gross profit rose 8% to SEK 526m; LFL adjusted EBITDA increased 17.7% to SEK 127.8m.

• 9M reported revenue rose 51.0% to SEK 2,772.7m; reported adjusted EBITDA reached SEK 271.9m versus SEK 95.4m.

• 9M LFL revenue increased 3.8% to SEK 3,384.9m, or 4.7% in constant currencies; LFL adjusted EBITDA rose 16.9% to SEK 395.1m.

• Q3 net loss was SEK 84.3m versus SEK 88.9m; 9M net loss was SEK 213.5m versus SEK 211.4m. 9M cash flow was SEK 153.1m, while Q3 cash flow was SEK -665.6m, mainly due to acquisition payments.

Outlook and guidance

• Market conditions are expected to remain broadly in line with recent quarters, with elevated input costs; Q4 includes the winter tire-change season and is typically the strongest quarter.

• Priorities include commercial positioning, operational efficiency, synergy realization and integration; acquisition opportunities remain attractive across existing and new markets.