Concejo (CNCJO) investor relations material

Executive summary

• EBIT surged to 136.6 MSEK from 5.1 MSEK year-over-year, driven by a 146.8 MSEK gain from the sale of Optronics Technology.

• Net income reached 145.6 MSEK, up from 3.9 MSEK year-over-year, with EPS at 12.59 SEK (0.42 SEK prior year).

• Net sales declined 10% to 110.7 MSEK due to deconsolidation of Optronics and Firenor's Middle East operations.

• Strategic partnership formed post-period between SBF Fonder and BauMont Real Estate Capital for property acquisitions up to 6 billion SEK.

Financial highlights

• EBIT margin rose to 123.4% from 4.2% year-over-year, reflecting the Optronics divestment gain.

• Cash flow from operations was -23.4 MSEK, slightly improved from -25.8 MSEK year-over-year.

• Equity per share increased to 65.94 SEK from 57.45 SEK year-over-year.

• Net cash position (negative net debt) improved to -144.9 MSEK from -128.4 MSEK year-over-year.

Outlook and guidance

• Management sees strong potential in remaining holdings, with several companies in growth and profitability phases.

• Geopolitical developments and currency fluctuations expected to impact results, especially due to increased USD exposure.

• Firenor and ACAF are well positioned to benefit from increased energy security and demand for sustainable fire protection.