ITAB Group (ITAB) Investor presentation summary

Business overview and strategic positioning

• Leading European retail solutions partner, integrating store environments, technology, lighting, and services to enhance retailer efficiency and profitability.

• Formed a combined group with HMY in February 2025 to leverage collective strengths in a fragmented market.

• Operates in over 30 countries with 22 production facilities and more than 5,300 employees.

• Differentiated by broad capabilities, supporting retailers across the store journey and expanding share of customer spend.

• Serves diverse sectors: grocery (51% of net sales), home improvement, pharmacy, fashion, and other retail sectors.

Financial performance and targets

• 2025 net sales reached 13,270 MSEK with an EBITA of 835 MSEK and a 6.3% EBITA margin.

• Q2 2026 sales and margins were stable year-over-year, with net profit up by 39 MSEK due to lower restructuring costs and improved tax rate.

• Adjusted EBITA margin for Q2 2026 was 5.6%, with a rolling 12-month margin of 6.3%.

• Cash conversion consistently above 80%, with working capital efficiency improvements.

• Financial targets: 4-8% annual net sales growth, 7-9% EBIT margin, >80% cash conversion, and dividend payout of at least 30% of profit after tax.

Synergies and operational improvements

• Achieved about 50% of targeted annualized synergies (30 MEUR total), mainly from procurement and SG&A efficiencies.

• Ongoing integration of ITAB and HMY, with continued focus on cost savings, network optimization, and cross-selling.

• Synergies expected to fully materialize by 2027, enhancing EBITDA margin and earnings per share.