Midway

“Expected turnover decline and improved gross margin”, Sverker Lindberg, President and CEO

Second quarter 2024

• Net sales declined 15 percent to SEK 263 M (311). Organically, net sales declined 6 percent, divestments had a negative impact on net sales of 10 percent and exchange rate effects had a positive impact on net sales of 1 percent.

• Adjusted EBITA amounted to SEK 20 M (32).

• Operating profit amounted to SEK 18 M (30).

• Net result after tax was SEK 11 M (25).

• Cash flow from operating activities amounted to SEK 14 M (17).

• Earnings per share before dilution totalled SEK 0.40 (0.91) and after dilution SEK 0.39 (0.90).

• A new credit facility agreement was signed during the quarter. It amounts to SEK 500 M and includes an option to extend the facility with an additional SEK 200 M.

January – June 2024

• Net sales declined 24 percent to SEK 505 M (666). Organically, net sales declined 17 percent, divestments had a negative impact on net sales of 8 percent and exchange rate effects had a positive impact on net sales of 1 percent.

• Adjusted EBITA amounted to SEK 34 M (66).

• Operating profit amounted to SEK 25 M (62).

• Net result after tax was SEK 15 M (44).

• Cash flow from operating activities amounted to SEK -4 M (77).

• Earnings per share before dilution totalled SEK 0.55 (1.61) and after dilution SEK 0.54 (1.59).

This is a translation of the Swedish original version. In the event of any differences between this translation and the Swedish language original, the latter shall prevail.