Midway

“Three new business areas for future profitable growth”, Sverker Lindberg, President and CEO

First quarter 2025

• Net sales increased 9 percent to SEK 263 M (242). Organically, net sales decreased 6 percent. Acquisitions had a positive impact on net sales of 16 percent. Exchange rate effects had a negative impact on net sales of 1 percent.
• Adjusted EBITA amounted to SEK 6 M (14).
• Operating profit amounted to SEK 0 M (7). Adjustments concerning transaction and restructuring costs had a negative net effect on the operating profit by SEK -3 M (-5).
• Net result after tax was SEK -13 M (4).
• Cash flow from operating activities amounted to SEK -36 M (-18).
• Earnings per share before and after dilution totalled SEK -0.48 (0.15).
• During the quarter, the acquisition of Trimtec was finalised, and the Board announced that it is considering a new issue of shares.

Significant events after the close of the period

• Group communicated the introduction of a new decentralised business area structure in order to place increased focus on future profitable growth. The new structure is reflected in this report.
• A cost-saving and efficiency programme for the Scaffolding Systems business area was initiated, which aims to reduce the cost base by SEK 10-15 M annually.
• Landqvist Mekaniska Verkstad was divested in April 2025.

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.