Studsvik (SVIK) ABGSC Investor Days summary

Key offerings and business areas

• Provides solutions across the nuclear lifecycle: new build, operations, life extension, and decommissioning.

• Business areas include Decommissioning & Radiation Protection, Scandpower (software), and Fuel, Materials & Waste Technologies.

• Services range from planning and licensing to waste management and advanced software for reactor analysis.

• Engaged in isotope production, hot cell technologies, and large-scale waste reduction.

• Software and safety products support 50% of global light water reactors.

Financial performance and targets

• Net sales for 2024 reached SEK 893 million, with operations in over 15 countries.

• YTD 2025 growth at 4.1%, operating margin at 7.6%, and equity-to-asset ratio at 37.8%.

• Q3 2025 sales increased by 2.5% to SEK 205.8 million, with improved profitability and cash flow.

• 2019-2024 CAGR for business areas ranged from 6.7% to 7.3%, with EBIT margins averaging 4.6% to 12.4%.

• Free cash flow for the first nine months of 2025 increased by SEK 114.9 million year-over-year.

Market trends and strategic priorities

• Robust nuclear market signals in the UK, US, and Japan, with new builds, life extensions, and SMR projects advancing.

• SMRs are gaining traction for flexible, affordable power and supporting data center growth.

• Strategic focus on expanding US presence, next-gen reactors, and enhancing hot cell capabilities.

• Plans to unlock value at the Nyköping site and accelerate growth through targeted M&A.

• Vision for 2035 includes SMRs, isotope center, data center, test reactor, and inDRUM facility.