Spotlight Group (SPGR) Strategy Update summary

Strategic transformation and restructuring

• Spotlight Group is divesting Sedermera Corporate Finance and several FinReg Solutions businesses, focusing on Spotlight Stock Market and Nordic Issuing as core subsidiaries.

• Overhead and group-wide costs are being reduced, with a significant decrease in employee count and annual cost base since 2022.

• The group aims to sell or integrate MCLogg and expects strong interest from potential buyers for the divested units.

Operational focus and growth initiatives

• Spotlight Stock Market is expanding ETP offerings, especially in digital assets, and has attracted issuers like Valour Inc.

• Nordic Issuing has become a Nordic market leader through digitalization and the acquisition of Aktieinvest's emission services.

• CCP-clearing will be introduced to facilitate international trading and attract more global members, with a focus on Denmark and broader European expansion.

• Regional partnerships aim to attract more companies from outside metropolitan areas for listing.

Financial outlook and leadership changes

• The restructured group targets 2025 revenues of approximately 100 MSEK and an operating margin above 10%.

• Spotlight Stock Market is expected to generate 77 MSEK in revenue, Nordic Issuing 23 MSEK, both with double-digit operating margins.

• Restructuring and divestment costs are estimated at 9 MSEK, impacting Q4 results.

• Peter Gönczi will lead both Spotlight Group and Spotlight Stock Market, with other key management adjustments in place.