Fasadgruppen (FG) investor relations material

Executive summary

• Net sales increased 10% year-over-year in Q2 2025 to SEK 1,434.7 million, driven by acquisitions, while organic sales declined 5.9–6% due to weak new build activity, especially in Sweden.

• Adjusted EBITA rose to SEK 132.2 million from SEK 81 million, with margin improving to 9.2% from 6.2% year-over-year.

• Order backlog reached an all-time high of SEK 4.3 billion, up 41.9% year-over-year, mainly due to Clearline/Clear Line and strong demand from housing associations and the public sector.

• Regulatory delays in England (Building Safety Regulator) impacted project starts, especially for Clearline, but government actions are expected to gradually ease bottlenecks.

• Focus remains on profitability improvements, margin expansion, and deleveraging, with priorities reaffirmed for 2025–2028.

Financial highlights

• Adjusted EBITA increased to SEK 132.2 million (+62.8% year-over-year); margin rose to 9.2% from 6.2%.

• Net sales up 10% year-over-year, mainly from acquisitions; organic sales down 5.9–6%.

• Operating cash flow for Q2 was SEK 180.7 million, up 95.9% year-over-year, with cash conversion at 115.9%.

• Profit for the period declined to SEK 23.0 million from SEK 31.4 million, impacted by higher financial expenses and tax rate.

• Adjustments of SEK 11–11.2 million related mainly to earn-out revisions.

Outlook and guidance

• Cautiously optimistic outlook, with ongoing market challenges, especially in Swedish new build segment.

• Regulatory delays in England expected to gradually improve as government increases resources for the Building Safety Regulator.

• Profitability, margin improvement, and deleveraging remain top priorities for 2025–2028 before refocusing on growth.

• Group targets SEK 10 billion in sales and at least 10% EBITA margin by 2028.

• Market recovery expected to be gradual, driven by renovation demand and lower interest rates.