Seafire (SEAF) AGM 2025 presentation summary

Leadership and strategy

• CEO brings extensive experience in industrial engineering, private equity, and active ownership, with a focus on B2B and product companies.

• Leadership emphasizes fact-based, goal-driven management and realistic ambition.

Portfolio and market exposure

• Portfolio consists of diverse subsidiaries, mainly in Sweden, with significant exposure to construction, consumer, and industrial sectors.

• Many subsidiaries have strong products, satisfied customers, and competent management.

2024 performance and challenges

• 2024 saw negative sales development, significantly impacting earnings and leading to a 10% drop in turnover and a 42% decline in adjusted EBITA.

• Eight out of twelve subsidiaries reported earnings declines, with one accounting for half the profit drop.

• Despite market weakness, 11 out of 12 subsidiaries remained profitable at the EBITDA level.

• High indebtedness and volatile small company performance are key challenges.