Fasadgruppen Group (FG) investor relations material

Executive summary

• Q1 2026 was impacted by exceptionally cold weather in the Nordics and regulatory delays in the U.K., leading to a significant drop in profitability and net sales.

• Net sales fell 15.2% year-over-year to SEK 994.9 million, with organic decline of 11.7%.

• Adjusted EBITA dropped to SEK 5.1 million from SEK 76.6 million, with a margin of 0.5% versus 6.5% last year.

• Order backlog increased 12.4% to SEK 4,540.3 million, mainly driven by the U.K. and Norway.

• The rights issue was oversubscribed, raising SEK 488 million and strengthening the balance sheet.

Financial highlights

• Net sales for Q1 2026 were SEK 994.9 million, down 15.2% year-over-year; organic sales declined 11.7%.

• Adjusted EBITA was SEK 5.1 million, sharply down from SEK 76.6 million in Q1 2025.

• EBITA margin turned negative at -0.5% (6.3% last year); adjusted EBITA margin at 0.5% (6.5%).

• Order backlog reached SEK 4,540.3 million, up 12.4% year-over-year.

• Cash and cash equivalents at period end were SEK 294.2 million.

Outlook and guidance

• Strong order backlog and balance sheet position the group for improved performance as activity picks up in spring.

• No projects have been lost; delays are expected to be temporary, with execution expected to pick up as weather improves.

• BSR in the U.K. aims to reduce project approval times from 36 to 12 weeks by December 2026, which should benefit future execution.

• Nordic renovation and maintenance markets remain stable; UK market expected to recover as regulatory bottlenecks ease.

• No high M&A activity expected in 2026, but the strengthened balance sheet allows for selective opportunities.