KB Components (KBC) investor relations material

Executive summary

• Q2 2026 saw stable growth in Europe and Asia, with North America entering a production ramp-up phase, particularly for Rivian's R2 model launched in April.

• Acquisition of Rabugino Sp. z.o.o. in Poland completed in May, adding SEK 200 million in turnover, new customers, and a factory in Warsaw, expanding the group's European footprint.

• Ongoing structural projects include production relocations in Germany and North America to improve cost efficiency and profitability, with major impacts expected by end of 2026 and into 2027.

• Strategic focus remains on technological leadership, operational excellence, and global presence, with ongoing integration and consolidation projects in Europe and North America.

Financial highlights

• Group net sales reached SEK 737 million (694 million last year); acquired growth 10%, organic growth -2%, currency effect -2%.

• Adjusted EBITDA was SEK 95 million (98), margin 12.9% (14.1%).

• Adjusted EBIT was SEK 52 million (52), margin 7.1% (7.5%).

• Adjusted EPS was SEK 0.50 (0.53); reported EPS SEK 0.41 (0.80).

• Cash flow from operating activities was SEK 100 million (186 million last year).

Outlook and guidance

• Expectation of continued stable markets across all segments, with gradual improvement in North America as Rivian R2 volumes ramp up and US project recovery.

• Focus in Europe on integration and synergy realization from recent acquisitions; Asia to continue organic growth and efficiency improvements.

• Raw material price volatility remains a risk due to geopolitical tensions, but recent stabilization observed.