Humble Group (HUMBLE) investor relations material

Executive summary

• Q3 net sales rose 5% to MSEK 2,199, with 4% organic growth.

• Adjusted EBITA increased 29% to MSEK 165; reported EBITA rose 83% to MSEK 141.

• Operating cash flow was MSEK 120 versus MSEK 195, with MSEK 35 absorbed by working capital; leverage improved to 2.5x.

• First-year priorities for Anders Fredriksson include profitability, cash conversion, margin expansion and clearer accountability.

Financial highlights

• Gross profit rose 8% to MSEK 689; gross margin expanded 0.9 percentage points to 31.3%, with MSEK 9 of currency benefit.

• Q3 EBIT increased to MSEK 113 from MSEK 30; profit after tax was MSEK 66 versus a loss of MSEK 15, and EPS was SEK 0.15 versus -0.03.

• Adjusted EBITA was MSEK 165 versus MSEK 128, up 29%; items affecting comparability were MSEK -24 versus MSEK -51.

• 9M sales rose 4% to MSEK 6,196 and EBITA increased 21% to MSEK 377; EBIT was MSEK -340 after a MSEK 604 intangible-asset impairment.

• 9M net loss was MSEK 479 versus profit of MSEK 2; excluding the impairment, net income was MSEK 124 and EPS was SEK 0.28.

Outlook and guidance

• Medium-term targets are average annual sales growth of at least 15%, EBIT margin of at least 10%, and net debt/EBITDA no higher than 2.5x.

• Pricing, procurement, purchasing and cost discipline are priorities for margin gains; profitable growth and improved working-capital management remain key focuses.

• Completion of the Skövde production facility was expected in Q4 2026; most machine investments were expected by then, with minor investments in Q1 2027.