Scandbook (SBOK) investor relations material

Executive summary

• Net sales increased by 30.5% year-over-year to 152.1 MSEK, mainly due to acquisitions.

• EBITDA rose to 15.6 MSEK from 14.0 MSEK, while EBIT remained flat at 8.6 MSEK.

• Net income declined to 6.2 MSEK from 7.1 MSEK, with EPS at 0.91 SEK (1.05 SEK prior year).

• Demand in core markets was more volatile and challenging than expected, impacted by geopolitical uncertainty.

Financial highlights

• Operating cash flow for the quarter was 25.1 MSEK, with total cash flow at 15.8 MSEK.

• Cash position at quarter-end was 50.4 MSEK, down from 62.6 MSEK a year earlier.

• Investments totaled 3.1 MSEK, up from 2.0 MSEK, and depreciation/amortization was 7.0 MSEK (5.4 MSEK prior year).

• Net debt increased to 52.2 MSEK from a net cash position of 37.3 MSEK last year.

Outlook and guidance

• Ongoing sales initiatives in Central Europe, especially Germany, UK, and Benelux, are expected to contribute positively in the second half.

• Rising fuel and freight costs have not yet materially impacted costs, but further increases are anticipated due to Middle East instability.

• Focus remains on improving capacity utilization and operational efficiency.