Kvartalsrapport Q3 2026

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===== SIDA 1 =====

1ADDTECH AB (PUBL.) INTERIM REPORT 1 APRIL – 30 JUNE 2026
INTERIM REPORT 1 APRIL - 30 JUNE 2026
 
FIRST QUARTER (1 APRIL - 30 JUNE 2026)
Net sales increased by 6 percent and amounted to SEK 6,172 million (5,839).
 
Operating profit before amortisation of intangible non-current assets (EBITA) increased by 11 percent and
amounted to SEK 1,026 million (922) corresponding to an EBITA margin of 16.6 percent (15.8). 
 
Operating profit increased by 11 percent and amounted to SEK 870 million (786) corresponding to an operating
margin of 14.1 percent (13.5).
 
Profit after tax increased by 12 percent and amounted to SEK 631 million (562) and earnings per share
before/after dilution amounted to SEK 2.30 (2.00). For the latest twelve month period earnings per share
before/after dilution amounted to SEK 8.25 (7.20). 
 
Return on working capital (P/WC) amounted to 81 percent (77).
 
Return on equity amounted to 28 percent (29) and the equity ratio amounted to 42 percent (41).
 
Cash flow from operating activities amounted to SEK 605 million (477). For the latest twelve month period, cash
flow per share from operating activities amounted to SEK 11.55 (9.60).
 
Since the start of the financial year, two acquisitions have been completed, with total annual sales of about
SEK 230 million.
             
Group Summary 3 months   Rolling 12 months
SEKm 30 Jun 2026 30 Jun 2025 ∆   30 Jun 2026 31 Mar 2026
Net sales 6,172 5,839 6%   23,036 22,703
EBITA 1,026 922 11%   3,745 3,641
EBITA-margin % 16.6 15.8     16.3 16.0
Profit after financial items 823 728 13%   2,973 2,878
Profit for the period 631 562 12%   2,275 2,206
Earnings per share before dilution, SEK 2.30 2.00     8.25 7.95
Earnings per share after dilution, SEK 2.30 2.00     8.25 7.95
Cash flow from operating activities per
share, SEK - -     11.55 11.10
Return on equity, % 28 29     28 29
Equity ratio, % 42 41     42 39
 
Comparisons in parentheses refer to the corresponding period of the previous year, unless stated otherwise.

===== SIDA 2 =====

2ADDTECH AB (PUBL.) INTERIM REPORT 1 APRIL – 30 JUNE 2026
CEO´S COMMENTS
FIRST QUARTER - A GOOD START TO THE NEW YEAR
We started the financial year with a generally high level of activity and continued profitable growth. Total sales grew by
6 percent, with strong contributions from the Automation, Electrification and Safety business areas. Currency fluctuations
had a marginal impact, and on an organic basis, turnover was in line with the corresponding quarter last year. EBITA grew
by 11 percent, with a strengthened margin of 16.6 percent (15.8). P/WC rose to 81 percent (77) and we welcomed two
high-performance companies with strong positions in attractive niches to the Group.
MARKET TREND
For the Group as a whole, market conditions for the quarter were strong, driven in particular by increased demand in areas
including electrical infrastructure, electrification and defence. Order intake for infrastructure products for national and
regional grids recovered following a weaker period, while sales faced very tough comparisons against the preceding year.
Overall, the market situation in medical technology, electronics and the mechanical industry developed favourably over the
quarter, while companies exposed to the process industry continued to be affected negatively by projects being
postponed. Special vehicles continued to enjoy a favourable business climate, as did the niche segments of data centres,
road safety and marine. The market situation in building and installation showed no clear signs of any general
improvement.
From a geographical perspective, the business climate was generally stable in Finland and favourable in Denmark, while
being weak in Norway and Sweden. For our companies on the continent, the business climate was generally very strong
over the quarter, while it was somewhat weaker in the UK. 
Cash flow from operating activities strengthened from already high levels and amounted to SEK 605 million (477) for the
quarter, driven by good earnings growth, a stronger operating margin and efficient working capital management. 
ACQUISITIONS
Our international expansion continues, and during the first quarter we acquired two companies in the Netherlands. Staka
Holding, which designs, manufactures and sells customised outdoor enclosures, and Nijhuis Engineering, a supplier of
patented system solutions for road and rail construction machinery. The acquisition climate remains favourable and, with a
well-filled pipeline and a strong balance sheet, we expect to continue making acquisitions at a high pace going forward.
OUTLOOK
Despite the uncertain global environment and ongoing geopolitical tensions, the
market situation of the Group as a whole strengthened over the past quarter.
Given the resilience of our well-diversified portfolio of agile and entrepreneurial
companies in attractive sectors such as electrical infrastructure, electrification
and defence, combined with a well-filled order book, our outlook is good. In
conclusion, I would like to thank all of our committed employees and to take the
opportunity to wish everyone a pleasant summer.
Niklas Stenberg
President and CEO

===== SIDA 3 =====

3ADDTECH AB (PUBL.) INTERIM REPORT 1 APRIL – 30 JUNE 2026
GROUP DEVELOPMENT
Sales development
Net sales in the Addtech Group during the period increased by 6 percent to 6,172 SEK million (5,839). The organic growth
increased marginally, while acquired growth amounted to 6 percent. Exchange rate changes had a marginally positive
impact on net sales of SEK 9 million.
Profit development
EBITA for period amounted to SEK 1,026 million (922), representing an increase of 11 percent. Operating
profit increased during the period by 11 percent to SEK 870 million (786) and the operating margin amounted to
14.1 percent (13.5). Net financial items were SEK -47 million (-58) and profit after financial items increased by 13 percent
to SEK 823 million (728). 
Profit after tax for the period increased by 12 percent to SEK 631 million (562) and the effective tax rate amounted to
23 percent (23). Earnings per share before/after dilution for the period amounted to SEK 2.30 (2.00). For the latest twelve
month period, earnings per share before/after dilution amounted to SEK 8.25 (7.20). 
 
Net sales and EBITA margin, rolling 12 months

===== SIDA 4 =====

4ADDTECH AB (PUBL.) INTERIM REPORT 1 APRIL – 30 JUNE 2026
DEVELOPMENT IN THE BUSINESS AREAS
AUTOMATION
Net sales in Automation increased by 14 percent to SEK 976 million (855) and EBITA increased by 52 percent to
SEK 132 million (87).
Market
The Automation business area had a highly favourable market situation in the first quarter, with strong demand across all
key segments for the business area, including the mechanical industry, medical technology, defence and the process
industry. Stronger order intake resulted in a good increase in sales, providing highly favourable leverage on earnings and
the operating margin, thanks to a stronger gross margin combined with previously implemented cost-saving and
restructuring measures.
ELECTRIFICATION
Net sales in Electrification increased by 27 percent to SEK 1,099 million (863) and EBITA increased by 43 percent to
SEK 178 million (124).
Market
Market conditions for the Electrification business area were generally very strong in the first quarter. Demand was strong
across all of the business area’s key segments, such as electronics, special vehicles, energy, medical technology and
defence. Sales increased compared with the previous year, thanks to a generally favourable business climate and strong
contributions from acquisitions, primarily through sales within the marine segment. An improved product mix, increased
sales and good margins from acquisitions led to strong earnings growth and a stronger operating margin. The revaluation
of contingent purchase considerations affected profit for the quarter negatively by about SEK 2 million.
ENERGY
Net sales in Energy amounted to SEK 1,096 million (1,184) and EBITA amounted to SEK 213 million (227).
Market
Market conditions in the Energy business area developed very favourably over the quarter. Following a period of lower
project inflows for infrastructure products relating to the renovation and expansion of national and regional grids, order
intake was again very strong over the quarter. Demand was also strong in power distribution and railway, stable in power
generation, while it was somewhat weak in the mechanical industry. The operating margin strengthened thanks to a good
product mix, despite a decline in sales against very tough comparisons and as a result of weaker order intake in previous
quarters.

===== SIDA 5 =====

5ADDTECH AB (PUBL.) INTERIM REPORT 1 APRIL – 30 JUNE 2026
INDUSTRY
Net sales in Industry amounted to SEK 1,172 million (1,205) and EBITA amounted to SEK 245 million (256).
Market
Market conditions were favourable for the Industry business area as a whole in the first quarter, but with variations
between market segments. For companies exposed to the forestry and sawmill industry, order intake remained weak and
sales fell against tough comparison figures. Market conditions were favourable in electronics manufacturing and the
mechanical industry, and demand increased for companies operating in subsea, as well as in waste and recycling, while it
was somewhat weaker within special vehicles. The decline in turnover had a negative impact on the operating margin. The
revaluation of contingent purchase considerations affected profit for the quarter positively by about SEK 13 million (7).
PROCESS 
Net sales in Process increased by 2 percent to SEK 1,001 million (978) and EBITA amounted to SEK 144 million (145).
Market
Overall, the Process business area experienced a stable market situation in the first quarter. Demand was strong in the
marine segment, as well as in energy and special vehicles, while it was stable in the mechanical industry and weak in
medical technology and the forestry and process industries. Although market activity was generally favourable, customers
continue to hold back on investment decisions and projects are being postponed. Sales increased slightly compared with
the preceding year thanks to acquisitions, and the operating margin strengthened, adjusted for the revaluation of additional
purchase considerations, which affected profit for the quarter positively by approximately SEK 3 million (11). 
SAFETY
Net sales in Safety increased by 10 percent to SEK 836 million (762) and EBITA increased by 31 percent to
SEK 125 million (95).
Market
For the Safety business area, the first quarter brought a good start to the financial year, with a favourable business climate
and a positive demand trend. Market conditions were favourable for companies operating in traffic safety, while demand
remained weak for our companies exposed to building and installation. Demand remained stable at a high level for
companies operating in products and solutions for data centres and was good in electronics, energy and the mechanical
industry, while remaining stable in medical technology. Overall, sales increased and the operating margin was favourable,
thanks to an improved product mix and the effects of previously implemented cost-saving and restructuring measures.

===== SIDA 6 =====

6ADDTECH AB (PUBL.) INTERIM REPORT 1 APRIL – 30 JUNE 2026
OTHER FINANCIAL INFORMATION
Profitability, financial position and cash flow
The return on equity at the end of the period was 28 percent (29) and return on capital employed was 22 percent (22).
Return on working capital P/WC (EBITA in relation to working capital) amounted to 81 percent (77).
At the end of the period the equity ratio amounted to 42 percent (41). Equity per share, excluding non-controlling 
interest, totalled SEK 31.85 (26.95). The Group's net debt at the end of the period amounted to SEK 5,437 million
(5,022), excluding pension liabilities of SEK 241 million (264). The net debt/equity ratio, calculated on the basis of net debt
excluding provisions for pensions amounted to 0.6 (0.6).
Cash and cash equivalents consisting of cash and bank equivalents and approved but non-utilised credit facilities
amounted to SEK 5,263 million (3,163) on 30 June 2026. During the first quarter of the 2026/2027 financial year, the
financing structure was strengthened through the raising of new debt. Addtech AB entered into a loan agreement with
Nordic Investment Bank for SEK 1,000 million with a tenor of 8 years.
Cash flow from operating activities amounted to SEK 605 million (477) during the period. Company acquisitions and
disposals including settlement of contingent consideration regarding acquisitions implemented in previous years amounted
to SEK 311 million (258). Investments in non-current assets totalled SEK 46 million (35) and disposal of non-current
assets amounted to SEK 1 million (1). Repurchase of call options amounted to SEK 9 million (2) and exercised call
options totalled SEK 21 million (6).
Employees
At the end of the period, the number of employees was 4 962 compared to 4 861 at the beginning of the financial year.
During the period, completed acquisitions resulted in an increase of the number of employees by 83. The average number
of employees in the latest twelve month period was 4 725.
Ownership structure
At the end of the period the share capital amounted to SEK 51.1 million.
         
Class of shares
Number of
shares
Number of
votes
Percentage of
capital
Percentage of
votes
Class A shares, 10 votes per share 12,864,384 128,643,840 4.7% 33.1%
Class B shares, 1 vote per share 259,929,600 259,929,600 95.3% 66.9%
Total number of shares before repurchases 272,793,984 388,573,440 100.0% 100.0%
Repurchased class B shares 2,714,958   1.0% 0.7%
Total number of shares after repurchases 270,079,026      
Addtech has three outstanding call option programmes for a total of 2,076,000 shares. Call options issued on repurchased
shares entail a dilution effect of about 0.1 percent during the latest twelve month period. Addtech's own shareholdings fully
meet the needs of the outstanding call option programmes.
           
Outstanding
programme
Number of
options
Corresponding
number of shares
Proportion of
total shares Exercise price Expiration period
2025/2029 761,575 761,575 0.3% 392.70 5 Sep 2028 - 8 Jun 2029
2024/2028 639,925 639,925 0.2% 388.80 6 Sep 2027 - 9 Jun 2028
2023/2027 674,500 674,500 0.2% 221.00 7 Sep 2026 - 9 Jun 2027
Total 2,076,000 2,076,000

===== SIDA 7 =====

7ADDTECH AB (PUBL.) INTERIM REPORT 1 APRIL – 30 JUNE 2026
Acquisitions and disposal
On 1 April, Staka Holding B.V., Netherlands, was acquired to become part of the Safety business area. Staka designs,
manufactures, and sells customized outdoor enclosures primarily to European installation and OEM customers across
sectors such as energy, infrastructure and water management. The company has 60 employees and sales of around
EUR 15 million.
On 19 may, Nijhuis Engineering B.V., Netherlands, was acquired to become part of the Electrification business area.
Nijhuis develops and supplies patented system solutions for road and rail construction machinery. The offer includes
safety, load handling, and electrical conversion systems and is sold under its own brand mainly to European retailers and
end users, primarily within the railway segment. The company has 23 employees and sales of around EUR 6 million.
The purchase price allocation calculations for the acquisitions completed during the period 1 April - 30 June 2025 have
now been finalised. No significant adjustments have been made to the calculations. Acquisitions completed as of the
2025/2026 financial year are distributed among the Group’s business areas as follows:
           
Acquisitions 2025/2026 Closing
Acquired
share, %
Net
sales,
SEKm*
Number of
employees* Business Area
AMP Power Protection Ltd., Great Britain April, 2025 100 70 20 Electrification
Novatech Analytical Solutions Inc., Canada April, 2025 90 260 60 Process
innovatek OS GmbH, Germany September, 2025 100 135 52 Electrification
Cubro Acronet GesmbH, Austria January, 2026 80 165 37 Automation
BCK Holland B.V. and Kramer & Duyvis
B.V., Netherlands January, 2026 100 90 35 Automation
Purenviro AS, Norway January, 2026 100 50 7 Process
Axion AG, Germany January, 2026 80 255 28 Industry
Kapp Nederland B.V., Netherlands February, 2026 90 155 15 Process
RAMME Electric Machines GmbH,
Germany March, 2026 100 415 156 Electrification
Acquisitions 2026/2027 Closing
Acquired
share, %
Net
sales,
SEKm*
Number of
employees* Business Area
Staka Holding B.V., Netherlands April, 2026 100 165 60 Safety
Nijhuis Engineering B.V., Netherlands May, 2026 100 65 23 Electrification
           
* Refers to assessed condition at the time of acquisition on a full-year basis.

===== SIDA 8 =====

8ADDTECH AB (PUBL.) INTERIM REPORT 1 APRIL – 30 JUNE 2026
 
 
If all acquisitions which have taken effect during the period had been completed on 1 April 2026, their impact would have
been an estimated SEK 51 million on the Group's net sales, about SEK 6 million on operating profit and SEK 5 million on
profit after tax for the period.
Addtech normally employs an acquisition structure comprising basic purchase consideration and contingent
consideration. The outcome of contingent purchase considerations is determined by the future earnings reached by the
companies and is subject to a fixed maximum level. Of considerations not yet paid for acquisitions during the period, the
discounted value amounts to SEK 16 million. The contingent purchase considerations fall due for payment within three
years and the outcome is subject to a maximum of SEK 27 million. 
Transaction costs for acquisitions that resulted in an ownership transfer during the period amounted to
SEK 3 million (7) and are reported under Selling expenses.
Revaluation of contingent consideration had a positive net effect of SEK 14 million (17) during the period. The impact on
profits is reported under Other operating income and Other operating expenses, respectively.
According to the preliminary acquisitions analyses, the assets and liabilities included in the acquisitions were as follows,
during the period:
     
Fair value
SEKm 30 Jun 2026 30 Jun 2025
Intangible non-current assets 87 158
Other non-current assets 15 1
Inventories 25 31
Other current assets 70 100
Deferred tax liability/tax asset -21 -39
Other liabilities -35 -88
Acquired net assets 141 163
Goodwill 125 158
Non-controlling interests - -16
Consideration 266 305
Less: cash and cash equivalents in acquired businesses -15 -35
Less: consideration not yet paid -18 -59
Effect on the Group’s cash and cash equivalents 233 211
     
1) Intangible assets refer to goodwill related to acquired customer and supplier relationships.
2) Goodwill is justified by expected future sales trend and profitability as well as the personnel included in the acquired companies.
3) Non-controlling interests have been measured at fair value, which entails that goodwill is also reported for non-controlling
interests.
4) The consideration is stated excluding transaction costs for the acquisitions.
 
Parent Company
Parent Company's net sales during the period amounted to SEK 33 million (29) and profit after financial items was
SEK 8 million (-18). Net investments in non-current assets were SEK 0 million (0). The Parent Company's financial net
assets was SEK 1,362 million at the end of the period (831).
 
1)
2)
3)
4)

===== SIDA 9 =====

9ADDTECH AB (PUBL.) INTERIM REPORT 1 APRIL – 30 JUNE 2026
OTHER DISCLOSURES
 
Accounting policies
The interim report has been prepared in accordance with IFRS as adopted by the EU, with IAS 34 Interim Financial
Reporting being applied. Apart from in the financial statements and their accompanying notes, disclosures in accordance
with IAS 34.16A also appear in other parts of the interim report. The interim report for the Parent Company has been
prepared in accordance with the Annual Accounts Act and the Securities Market Act, which is in accordance with the
provisions of RFR 2 Accounting for Legal Entities.
In the interim report, the same accounting principles and bases of calculation have been applied as in the most recent
annual report. There are no new IFRS or IFRIC pronouncements endorsed by the EU that are applicable for Addtech or
that have a significant impact on the Group’s result of operations and position in 2026/2027.
Alternative performance measures
The Company presents certain financial measures in the interim report that are not defined according to IFRS. The
Company believes that these measures provide valuable supplemental information to investors and the Company's
management as they allow for evaluation of trends and the Company's performance. Since all companies do not calculate
financial measures in the same way, they are not always comparable to measures used by other companies. These
financial measures should therefore not be considered to be a replacement for measurements as defined under IFRS. For
definitions of the performance measures that Addtech uses, please see page 18-20. Reconciliation tables for alternative
performance measures are available on the website www.addtech.com.
Risks and factors of uncertainty
Addtech's profit and financial position, as well as its strategic position, are affected by a number of internal factors under
Addtech's control and by a number of external factors over which Addtech has limited influence. The risk factors of
greatest significance to Addtech are the economic situation, or other events affecting the economy, such as the
geopolitical situation, in combination with structural changes and the competitive situation.
Please see section Risks and risk management (page 34-36) in the annual report for 2025/2026 for further details.
The Parent Company is indirectly affected by the above risks and uncertainty factors due to its role in the organisation.
Transactions with related parties
No transactions between Addtech and related parties that have significantly affected the Group's or the parent company's
position and its earnings have taken place during the period.
Seasonal effects
Addtech's sales of high-tech products and solutions in the manufacturing industry and infrastructure are not subject to
major seasonal variations. The number of production days and customers' demand and willingness to invest can vary
over the quarters.

===== SIDA 10 =====

10ADDTECH AB (PUBL.) INTERIM REPORT 1 APRIL – 30 JUNE 2026
 
 
Events after the end of the period
No events requiring reporting have occurred after the end of the period.
 
Stockholm July 14, 2026
Niklas Stenberg
President and CEO
 
This report has not been subject to review by the company's auditor.
FURTHER INFORMATION
Publication
This information is information that Addtech AB (publ.) is obliged to make public pursuant to the EU Market Abuse
Regulation. The information was submitted for publication, through the agency of the contact persons set out below, at
8.15 a.m. CET on 14 July 2026.
Future information
2026-08-26  Annual General Meeting 2026 will be held at IVA, Grev Turegatan 16, Stockholm at 3.30 p.m.
2026-10-22  Interim report 1 April - 30 September 2026
2027-02-02  Interim report 1 April - 31 December 2026
2027-05-19 Year-end report 1 April 2026 - 31 March 2027
For further information, please contact:
Niklas Stenberg, President and CEO, +46 8 470 49 00 
Malin Enarson, CFO, +46 705 979 473

===== SIDA 11 =====

11ADDTECH AB (PUBL.) INTERIM REPORT 1 APRIL – 30 JUNE 2026
BUSINESS AREA
           
Net sales by business area 2026/2027 2025/2026
Quarterly data, SEKm Q1 Q4 Q3 Q2 Q1
Automation 976 967 863 801 855
Electrification 1,099 993 847 822 863
Energy 1,096 937 960 972 1,184
Industry 1,172 1,112 1,130 1,163 1,205
Process 1,001 1,088 1,007 936 978
Safety 836 771 758 763 762
Group items -8 -10 -9 -7 -8
Addtech Group 6,172 5,858 5,556 5,450 5,839
           
EBITA by business area 2026/2027 2025/2026
Quarterly data, SEKm Q1 Q4 Q3 Q2 Q1
Automation 132 135 95 87 87
Electrification 178 166 106 120 124
Energy 213 170 200 180 227
Industry 245 250 232 224 256
Process 144 182 124 136 145
Safety 125 120 118 109 95
Group items -11 -12 -11 -12 -12
EBITA 1,026 1,011 864 844 922
Depr. of intangible non-current assets -156 -149 -134 -137 -136
– of which acquisitions -147 -139 -126 -129 -128
Operating profit 870 862 730 707 786
           
Net sales 3 months   Rolling 12 months
SEKm 30 Jun 2026 30 Jun 2025   30 Jun 2026 31 Mar 2026
Automation 976 855   3,607 3,486
Electrification 1,099 863   3,761 3,525
Energy 1,096 1,184   3,965 4,053
Industry 1,172 1,205   4,577 4,610
Process 1,001 978   4,032 4,009
Safety 836 762   3,128 3,054
Group items -8 -8   -34 -34
Addtech Group 6,172 5,839   23,036 22,703
                   
EBITA and EBITA-margin 3 months   Rolling 12 months
  30 Jun 2026 30 Jun 2025   30 Jun 2026 31 Mar 2026
  SEKm % SEKm %   SEKm % SEKm %
Automation 132 13.6 87 10.2   449 12.5 404 11.6
Electrification 178 16.2 124 14.4   570 15.1 516 14.6
Energy 213 19.5 227 19.1   763 19.3 777 19.2
Industry 245 20.9 256 21.2   951 20.8 962 20.9
Process 144 14.3 145 14.8   586 14.5 587 14.6
Safety 125 14.9 95 12.5   472 15.1 442 14.5
Group items -11   -12     -46   -47  
EBITA 1,026 16.6 922 15.8   3,745 16.3 3,641 16.0
Depr. of intangible non-
current assets -156   -136     -576   -556  
– of which acquisitions -147   -128     -541   -522  
Operating profit 870 14.1 786 13.5   3,169 13.8 3,085 13.6

===== SIDA 12 =====

12ADDTECH AB (PUBL.) INTERIM REPORT 1 APRIL – 30 JUNE 2026
DISAGGREGATION OF REVENUE
                 
Net sales by the customer's
geographical location
3 months      
30 Jun 2026      
SEKm Automation Electrification Energy Industry Process Safety
Group
items
Addtech
Group
Sweden 260 269 278 417 145 219 - 1,588
Denmark 166 78 271 20 154 66 - 755
Finland 136 56 35 140 86 128 0 581
Norway 84 62 166 72 141 111 - 636
Germany 59 291 35 52 68 10 - 515
Great Britain 4 69 24 65 66 144 - 372
Other Europe 232 201 165 181 161 119 - 1,059
Other countries 34 71 121 224 179 37 - 666
Group items 1 2 1 1 1 2 -8 -
Total 976 1,099 1,096 1,172 1,001 836 -8 6,172
                 
Net sales by the customer's
geographical location
3 months      
30 Jun 2025      
SEKm Automation Electrification Energy Industry Process Safety
Group
items
Addtech
Group
Sweden 244 225 284 429 161 208 - 1,551
Denmark 144 73 289 24 172 38 - 740
Finland 126 41 48 209 86 113 0 623
Norway 63 47 205 90 146 107 - 658
Germany 48 242 45 24 61 22 - 442
Great Britain 3 42 33 75 57 124 - 334
Other Europe 196 142 148 168 177 119 - 950
Other countries 29 49 131 185 117 30 - 541
Group items 2 2 1 1 1 1 -8 -
Total 855 863 1,184 1,205 978 762 -8 5,839
Net sales per customer's segment
3 months      
30 Jun 2026      
SEKm Automation Electrification Energy Industry Process Safety
Group
items
Addtech
Group
Building & Installation 42 106 33 21 15 307 - 524
Data & Telecommunications 32 41 59 31 1 78 - 242
Electronics 52 222 6 49 4 82 - 415
Energy 62 168 765 9 172 112 - 1,288
Vehicles 61 166 9 366 40 17 - 659
Medical technology 120 139 5 6 84 33 - 387
Mechanical industry 278 103 87 93 73 35 - 669
Forestry & Process 117 11 30 373 443 5 - 979
Transport 43 33 96 124 134 17 - 447
Other 168 108 5 99 34 148 0 562
Group items 1 2 1 1 1 2 -8 -
Total 976 1,099 1,096 1,172 1,001 836 -8 6,172
Net sales per customer's segment
3 months      
30 Jun 2025      
SEKm Automation Electrification Energy Industry Process Safety
Group
items
Addtech
Group
Building & Installation 42 83 42 21 15 240 - 443
Data & Telecommunications 18 25 84 10 0 75 - 212
Electronics 42 192 6 57 4 74 - 375
Energy 54 123 819 31 173 92 - 1,292
Vehicles 53 132 8 381 36 15 - 625
Medical technology 112 104 6 5 88 63 - 378
Mechanical industry 238 86 80 145 79 49 - 677
Forestry & Process 102 8 37 355 389 5 - 896
Transport 35 20 95 90 155 15 - 410
Other 157 88 6 109 38 133 0 531
Group items 2 2 1 1 1 1 -8 -
Total 855 863 1,184 1,205 978 762 -8 5,839

===== SIDA 13 =====

13ADDTECH AB (PUBL.) INTERIM REPORT 1 APRIL – 30 JUNE 2026
CONSOLIDATED INCOME STATEMENT, CONDENSED
           
  3 months   Rolling 12 months
SEKm 30 jun 2026 30 jun 2025   30 jun 2026 31 Mar 2026
Net sales 6,172 5,839   23,036 22,703
Cost of sales -4,091 -3,930   -15,304 -15,143
Gross profit 2,081 1,909   7,732 7,560
Selling expenses -935 -833   -3,487 -3,385
Administrative expenses -309 -291   -1,202 -1,184
Other operating income and expenses 33 1   126 94
Operating profit 870 786   3,169 3,085
- as % of net sales 14.1 13.5   13.8 13.6
Financial income and expenses -47 -58   -196 -207
Profit after financial items 823 728   2,973 2,878
- as % of net sales 13.3 12.5   12.9 12.7
Income tax expense -192 -166   -698 -672
Profit for the period 631 562   2,275 2,206
           
Profit for the period attributable to:          
Equity holders of the Parent Company 620 544   2,223 2,147
Non-controlling interests 11 18   52 59
           
Earnings per share after tax before dilution, SEK 2.30 2.00   8.25 7.95
Earnings per share after tax after dilution, SEK 2.30 2.00   8.25 7.95
           
Average number of shares after repurchases, ’000s 269,975 269,866   269,934 269,907
Number of shares at end of the period, ’000s 270,079 269,887   270,079 269,960
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME,
CONDENSED
           
  3 months   Rolling 12 months
SEKm 30 Jun 2026 30 Jun 2025   30 Jun 2026 31 Mar 2026
Profit for the period 631 562   2,275 2,206
Items that may later be reversed in the income statement          
The period’s translation differences when translating
foreign operations 165 152   92 79
Items that may not be reversed in the income statement          
Revaluations of defined-benefit pension plans - -   20 20
Other comprehensive income 165 152   112 99
Comprehensive income for the period 796 714   2,387 2,305
           
Total comprehensive income attributable to:          
Equity holders of the Parent Company 780 690   2,336 2,246
Non-controlling interests 16 24   51 59

===== SIDA 14 =====

14ADDTECH AB (PUBL.) INTERIM REPORT 1 APRIL – 30 JUNE 2026
CONSOLIDATED BALANCE SHEET, CONDENSED
       
SEKm 30 Jun 2026 30 Jun 2025 31 Mar 2026
Assets      
Non-current assets      
Goodwill 6,790 5,749 6,608
Other intangible non-current assets 3,734 3,252 3,758
Property, plant and equipment 1,753 1,462 1,685
Other non-current assets 77 76 79
Total non-current assets 12,354 10,539 12,130
Current assets      
Inventories 3,582 3,339 3,468
Current receivables 4,494 4,099 4,222
Cash and cash equivalents 1,397 1,023 1,490
Total current assets 9,473 8,461 9,180
Total assets 21,827 19,000 21,310
Equity and liabilities      
Equity      
Equity attributable to Parent Company shareholders 8,599 7,277 7,807
Non-controlling interests 571 473 556
Total equity 9,170 7,750 8,363
Liabilities      
Non-current liabilities      
Non-current interest-bearing liabilities 5,955 4,760 5,487
Provisions for pensions 241 264 241
Deferred tax liabilities 1,062 941 1,067
Non-current non-interest-bearing liabilities 10 25 9
Total non-current liabilities 7,268 5,990 6,804
Current liabilities      
Current interest-bearing liabilities 879 1,285 1,661
Current non-interest-bearing liabilities 4,305 3,792 4,262
Provisions 205 183 220
Total current liabilities 5,389 5,260 6,143
Total liabilities 12,657 11,250 12,947
Total equity and liabilities 21,827 19,000 21,310
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY, CONDENSED
SEKm 1 Apr - 30 Jun 2026 1 Apr - 30 Jun 2025 1 Apr 2025 - 31 Mar 2026
 
Parent
Company
shareholders
Non-
control-
ling
interests
Total
equity
Parent
Company
shareholders
Non-
control-
ling
interests
Total
equity
Parent
Company
shareholders
Non-
control-
ling
interests
Total
equity
Opening balance 7,807 556 8,363 6,627 436 7,063 6,627 436 7,063
Exercised, issued and
repurchased call
options 12 - 12 4 - 4 -29 - -29
Dividend, ordinary - -1 -1 - - - -864 -38 -902
Change, non-controlling
interests - - - -10 13 3 38 99 137
Option debt,
acquisition - - - -34 - -34 -211 - -211
Total comprehensive
income 780 16 796 690 24 714 2,246 59 2,305
Closing balance 8,599 571 9,170 7,277 473 7,750 7,807 556 8,363

===== SIDA 15 =====

15ADDTECH AB (PUBL.) INTERIM REPORT 1 APRIL – 30 JUNE 2026
CONSOLIDATED CASH FLOW STATEMENT, CONDENSED
           
  3 months   Rolling 12 months
SEKm 30 Jun 2026 30 Jun 2025   30 Jun 2026 31 Mar 2026
Operating activities          
Profit after financial items 823 728   2,973 2,878
Adjustment for items not included in cash flow 260 257   988 985
Income tax paid -137 -175   -717 -755
Cash flow from operating activities before changes
in working capital 946 810   3,244 3,108
Changes in working capital -341 -333   -120 -112
Cash flow from operating activities 605 477   3,124 2,996
Investing activities          
Net investments in non-current assets -45 -34   -186 -175
Acquisitions and disposals -311 -258   -1,634 -1,581
Cash flow from investing activities -356 -292   -1,820 -1,756
Financing activities          
Dividend paid to Parent Company shareholders - -   -864 -864
Repurchase of own shares/change of call options 12 4   -21 -29
Other financing activities -383 -344   -84 -45
Cash flow from financing activities -371 -340   -969 -938
Cash flow for the period -122 -155   335 302
Cash and cash equivalents at beginning of period 1,490 1,168   1,023 1,168
Exchange differences in cash and cash equivalents 29 10   39 20
Cash and cash equivalents at end of period 1,397 1,023   1,397 1,490
FAIR VALUES ON FINANCIAL INSTRUMENTS
             
  30 jun 2026 31 Mar 2026
SEKm
Carrying
amount Level 2 Level 3
Carrying
amount Level 2 Level 3
Derivatives - fair value through profit 5 5 - 5 5 -
Total financial assets at fair value per
level 5 5 - 5 5 -
             
Derivatives - fair value through profit 6 6 - 7 7 -
Contingent considerations - fair value
through profit 542 - 542 620 - 620
Total financial liabilities at fair value
per level 548 6 542 627 7 620
             
The fair value and carrying amount are recognised in the balance sheet as shown in the table above.
For quoted securities, the fair value is determined on the basis of the asset’s quoted price in an active market, level 1.
As of the reporting date the Group had no items in this category.
For currency contracts and embedded derivatives, the fair value is determined on the basis of observable market data,
level 2.
For contingent considerations, a cash-flow-based valuation is performed, which is not based on observable market data,
level 3.
For the Group’s other financial assets and liabilities, fair value is estimated to be the same as the carrying amount.
             
Contingent considerations 30 Jun 2026 31 Mar 2026    
Opening balance 620   451    
Acquisitions during the year 16   393    
Adjustments through profit or loss -14   -79    
Adjustment previous year's acquisitions -7   -    
Consideration paid -72   -162    
Interest expenses 5   13    
Exchange differences -6   4    
Closing balance 542   620

===== SIDA 16 =====

16ADDTECH AB (PUBL.) INTERIM REPORT 1 APRIL – 30 JUNE 2026
KEY FINANCIAL INDICATORS
           
  12 months ending
  30 Jun 2026 31 Mar 2026 30 Jun 2025 31 Mar 2025 31 Mar 2024
Net sales, SEKm 23,036 22,703 22,197 21,796 20,019
EBITDA, SEKm 4,218 4,100 3,793 3,692 3,245
EBITA, SEKm 3,745 3,641 3,356 3,265 2,860
EBITA-margin, % 16.3 16.0 15.1 15.0 14.3
Operating profit, SEKm 3,169 3,085 2,830 2,757 2,426
Operating margin, % 13.8 13.6 12.7 12.6 12.1
Profit after financial items, SEKm 2,973 2,878 2,599 2,515 2,183
Profit for the period, SEKm 2,275 2,206 2,007 1,940 1,691
x          
Working capital 4,644 4,507 4,363 4,312 4,219
Return on working capital (P/WC), % 81 81 77 76 68
Return on equity, % 28 29 29 29 28
Return on capital employed, % 22 22 22 22 22
Equity ratio, % 42 39 41 38 39
x          
Financial debt, SEKm 5,678 5,899 5,286 5,280 4,668
Debt / equity ratio, multiple 0.6 0.7 0.7 0.7 0.7
Financial debt / EBITDA, multiple 1.3 1.4 1.4 1.4 1.4
Net debt excl. pensions, SEKm 5,437 5,658 5,022 5,018 4,427
Net debt, excl. pensions / equity ratio, multiple 0.6 0.7 0.6 0.7 0.7
Interest coverage ratio, multiple 14.2 14.0 10.3 9.6 8.7
x          
Average number of employees 4,725 4,631 4,427 4,341 4,109
Number of employees at end of the period 4,962 4,861 4,585 4,470 4,175
KEY FINANCIAL INDICATORS PER SHARE
           
  12 months ending
SEK 30 Jun 2026 31 Mar 2026 30 Jun 2025 31 Mar 2025 31 Mar 2024
Earnings per share before dilution 8.25 7.95 7.20 7.00 6.05
Earnings per share after dilution 8.25 7.95 7.20 7.00 6.05
Cash flow from operating activities per share 11.55 11.10 9.60 10.05 9.55
Shareholders’ equity per share 31.85 28.90 26.95 24.55 22.15
Share price at the end of the period 341.40 317.60 322.00 292.80 243.80
Average number of shares after repurchases, ’000s 269,934 269,907 269,844 269,829 269,634
Average number of shares after repurchases adjusted
for dilution, ’000s 270,146 270,195 270,392 270,332 269,761
Number of shares outstanding at end of the period,
’000s 270,079 269,960 269,887 269,862 269,779
           
For definitions of key financial indicators, see page 18-20

===== SIDA 17 =====

17ADDTECH AB (PUBL.) INTERIM REPORT 1 APRIL – 30 JUNE 2026
PARENT COMPANY INCOME STATEMENT, CONDENSED
           
  3 months   Rolling 12 months
SEKm 30 Jun 2026 30 Jun 2025   30 Jun 2026 31 March 2026
Net sales 33 29   119 115
Administrative expenses -44 -41   -166 -163
Operating profit/loss -11 -12   -47 -48
Profit from participations in Group companies - -   900 900
Interest income and expenses and similar items 19 -6   52 27
Profit after financial items 8 -18   905 879
Appropriations - -   458 458
Profit before taxes 8 -18   1,363 1,337
Income tax expense -2 3   -100 -95
Profit for the period 6 -15   1,263 1,242
           
Total comprehensive income 6 -15   1,263 1,242
PARENT COMPANY BALANCE SHEET, CONDENSED
       
SEKm 30 Jun 2026 30 Jun 2025 31 Mar 2026
Assets      
Non-current assets      
Intangible assets 0 0 0
Property, plant and equipment 0 0 0
Financial non-current assets 9,249 8,095 8,974
Total non-current assets 9,249 8,095 8,974
Current assets      
Current receivables 1,040 1,018 1,572
Cash and bank balances 1 43 6
Total current assets 1,041 1,061 1,578
Total assets 10,290 9,156 10,552
Equity and liabilities      
Equity      
Restricted equity 69 69 69
Unrestricted equity 1,811 1,432 1,792
Total equity 1,880 1,501 1,861
Untaxed reserves 480 350 480
Provisions      
Provisions for pensions and similar obligations 12 13 13
Liabilities      
Non-current liabilities 5,254 4,208 4,607
Current liabilities 2,664 3,084 3,591
Total equity and liabilities 10,290 9,156 10,552

===== SIDA 18 =====

18ADDTECH AB (PUBL.) INTERIM REPORT 1 APRIL – 30 JUNE 2026
DEFINITIONS
Return on equity¹ ²
Earnings after tax divided by equity. The components are calculated as the average of the last 12 months.
Return on equity measures the return generated on owners’ invested capital.
Return on working capital (P/WC)¹
EBITA divided by working capital.
P/WC is used to analyse profitability and is a measure that encourages high EBITA and low working capital requirements.
Return on capital employed¹
Profit after financial items plus financial expenses as a percentage of capital employed. The components are calculated
as the average of the last 12 months.
Return on capital employed shows the Group’s profitability in relation to externally financed capital and equity.
EBITA¹
Operating profit before amortisation of intangible assets.
EBITA is used to analyse the profitability generated by operating activities.
EBITA-margin¹
EBITA as a percentage of net sales.
EBITA-margin is used to show the degree of profitability in operating activities.
EBITDA¹
Operating profit before depreciation and amortisation.
EBITDA is used to analyse the profitability generated by operating activities.
Equity per share, excluding non-controlling interest¹
Equity excluding non-controlling interest divided by number of shares outstanding at the reporting period's end.
This measures how much equity is attributable to each share and is published to make it easier for investors to conduct
analyses and make decisions.
Financial net debt¹
The net of interest-bearing debt and provisions minus cash and cash equivalents.
Net debt is used to monitor changes in debt, analyse the Group indebtedness and its ability to repay its debts using liquid
funds generated from the Group’s operating activities if all debt fell due for repayment today and any necessary
refinancing.
Financial net debt/EBITDA¹
Net financial debt divided by EBTIDA.
Net financial debt compared with EBITDA provides a performance measure for net debt in relation to cash-generating
earnings in the business, i.e. it gives an indication of the business’ ability to repay its debts. This measure is generally
used by financial institutions to measure creditworthiness.
Financial items¹
Financial income minus financial costs.
Used to describe changes in the Group’s financial activities.
Acquired growth¹
Changes in net sales attributable to business acquisitions compared with the same period last year.
Acquired growth is used as a component to describe the change in consolidated net sales in which acquired growth is
distinguished from organic growth, divestments and exchange rate effects.

===== SIDA 19 =====

19ADDTECH AB (PUBL.) INTERIM REPORT 1 APRIL – 30 JUNE 2026
 
Cash flow from operating activities per share¹
Cash flow from operating activities, divided by the average number of outstanding shares after repurchase.
This measure is used so investors can easily analyse the size of the surplus generated per share from operating activities.
Net investments in non-current assets¹
Investments in non-current assets minus sales of non-current assets.
This measure is used to analyse the Group’s investments in renewing and developing property, plant and equipment.
Net debt excluding pensions¹
The net of interest-bearing debt and provisions excluding pensions minus cash and cash equivalents.
A measure used to analyse financial risk.
Net debt excluding pensions/ equity ratio¹ ²
Net debt excluding pensions divided by shareholders' equity.
A measure used to analyse financial risk.
Organic growth¹
Changes in net sales excluding currency effects, acquisitions and divestments compared with the same period last year.
Organic growth is used to analyse underlying sales growth driven by change in volumes, product range and price for
similar products between different periods.
Profit after financial items¹
Profit/loss for the period before tax.
Used to analyse the business’ profitability including financial activities.
Earnings per share (EPS)
Shareholders’ share of profit for the period after tax, divided by the weighted average number of shares during the period. 
Earnings per share (EPS), diluted
Shareholders’ share of profit for the period after tax, divided by the weighted average number of shares during the period,
adjusted for the additional number of shares in the event of outstanding options being used.
Interest coverage ratio¹
Earnings after net financial items plus interest expenses and bank charges divided by interest expenses and bank
charges.
This performance indicator measures the Group’s capacity through its business operations and financial income to
generate a sufficiently large surplus to cover its financial costs.
Working capital¹
Working capital (WC) is measured through an annual average defined as inventories plus accounts receivable less
accounts payable.
Working capital is used to analyse how much working capital is tied up in the business.
Operating margin¹
Operating profit as a percentage of net sales.
This measure is used to specify the percentage of sales that is left to cover interest and tax, and to provide a profit, after
the company’s costs have been paid.
Operating profit¹
Operating income minus operating expenses.
Used to describe the Group’s earnings before interest and tax.

===== SIDA 20 =====

20ADDTECH AB (PUBL.) INTERIM REPORT 1 APRIL – 30 JUNE 2026
 
Debt/equity ratio¹ ²
Financial net liabilities divided by equity.
A measure used to analyse financial risk.
Equity ratio¹ ²
Equity as a percentage of total assets.
The equity/assets ratio is used to analyse financial risk and show the percentage of assets that are funded with equity.
Capital employed¹
Total assets minus non-interest-bearing liabilities and provisions.
Capital employed shows the size of the company’s assets that have been lent out by the company’s owners or that have
been lent out by lenders.
Outstanding shares
Total number of shares less treasury shares repurchased by the Company.
Profit margin
Profit after financial items as a percentage of net sales. 
The profit margin illustrates how much profit the company generates on each SEK in sales after all costs including
financial expenses have been paid.
¹The performance measure is an alternative performance measure according to ESMA’s guidelines. Reconciliation tables
for alternative performance measures are available on the website www.addtech.com.
²Non-controlling interests are included in equity when the performance measures are calculated.
1

===== SIDA 21 =====

21ADDTECH AB (PUBL.) INTERIM REPORT 1 APRIL – 30 JUNE 2026
This is Addtech
Addtech is a Swedish, listed technical solutions group that combines the flexibility and speed of a small company with the
resources of a large company. We acquire, own and develop independent subsidiaries that sell various high-tech products
and solutions to customers, primarily within the manufacturing industry and infrastructure. With in-depth expertise in a
number of different niches, our subsidiaries generate added technical, financial and sustainable value for customers and
suppliers alike, thus helping increase the efficiency and competitiveness of all involved. We currently own more than 150
companies in about 20 countries, and have a long history of sustainable, profitable growth.
Our vision
We are to be the leader in value-creating technical solutions for a sustainable tomorrow, perceived as the most skilled and
long-term partner of our customers, suppliers and employees.
Business concept in brief
Addtech offers high-tech products and solutions for companies in the manufacturing and infrastructure sectors. Addtech
contributes with added technical and financial value by being a skilled and professional partner for customers and
manufacturers.
We build shareholder value through:
our 150 subsidiaries and their capacity to generate earnings growth
corporate governance that ensures the companies achieve even better results and development
acquisitions that bring in new employees, customers and suppliers
ADDTECH AB (PUBL.) Org.nr: 556302-9726, Box 5112, 102 43 Stockholm, Visiting address: Birger Jarlsgatan 43
Tel: +46 8 470 49 00, info@addtech.com