Storskogen Group (STOR) Nordea Small and Mid Cap Days 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 in Q2 was SEK 465m, with adjusted cash conversion at 74%.

• Leverage ratio remained stable at 2.4x.

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

Organic growth and operational trends

• Organic sales growth improved, with a positive trend in recent quarters.

• Year-to-date, organic net sales grew by 4%, while adjusted EBITA declined by 4%.

• Operational excellence and sales growth are prioritized for ongoing profit improvement.

• Seasonally stronger quarter contributed to organic sales and EBITA growth.

Acquisitions and investment themes

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

• Acquisitions included Darlington (SEK ~99m, Industry/Automation), Safi (SEK ~106m, Services/Infrastructure), and Verdant (SEK ~126m, Trade/Consumer Products).

• Focus remains on investment themes such as health, wellbeing, automation, energy, sustainability, digitalisation, and infrastructure.

• Attractive pipeline for future acquisitions identified.