Storskogen Group (STOR) DNB Carnegie Small & Mid Cap Conference presentation summary

Financial performance highlights

• Net sales reached SEK 8,861m in Q2, reflecting 4% organic growth year-to-date.

• Adjusted EBITA for Q2 was SEK 864m, with a margin of 9.7%.

• Cash flow from operating activities was SEK 465m in Q2, with adjusted cash conversion at 74% LTM.

• Leverage ratio remained stable at 2.4x.

• Solid earnings and cash flow trends continued, with LTM sales and EBITA showing resilience.

Growth and acquisitions

• Four acquisitions completed in the quarter, adding combined annual sales of SEK 214m.

• Acquisitions included Darlington (SEK ~99m), Safi (SEK ~106m), and Verdant (SEK ~126m), expanding platforms in automation, infrastructure, and consumer products.

• Increased focus on acquired growth, with free cash flow supporting M&A, dividends, and debt reduction.

• Attractive pipeline identified within key investment themes such as health, automation, energy, digitalisation, and infrastructure.

Operational and strategic focus

• Operational excellence and sales growth remain central to strategy.

• Improved trend in organic sales growth observed in recent quarters.

• Strong cash flows are increasing capacity for further acquisitions.

• Emphasis on maintaining organic profit growth alongside acquired expansion.