Addtech AB

Earnings Release • May 15, 2025

YEAR-END REPORT 1 APRIL 2024 - 31 MARCH 2025

FOURTH QUARTER (1 JANUARY - 31 MARCH 2025)

• Net sales increased by 13 percent and amounted to SEK 5,750 million (5,091).
• Operating profit before amortisation of intangible non-current assets (EBITA) increased by 15 percent and amounted to SEK 880 million (763) corresponding to an EBITA margin of 15.3 percent (15.0).
• Operating profit increased by 15 percent and amounted to SEK 743 million (649) corresponding to an operating margin of 12.9 percent (12.7).
• Profit after tax increased by 20 percent and amounted to SEK 543 million (451) and earnings per share before/after dilution amounted to SEK 1.95 (1.60).

FULL YEAR (1 APRIL 2024 - 31 MARCH 2025)

• Net sales increased by 9 percent and amounted to SEK 21,796 million (20,019).
• Operating profit before amortisation of intangible non-current assets (EBITA) increased by 14 percent and amounted to SEK 3,265 million (2,860) corresponding to an EBITA margin of 15.0 percent (14.3).
• Operating profit increased by 14 percent and amounted to SEK 2,757 million (2,426) corresponding to an operating margin of 12.6 percent (12.1).
• Profit after tax increased by 15 percent and amounted to SEK 1,940 million (1,691) and earnings per share before/after dilution amounted to SEK 7.00 (6.05).
• Return on working capital (P/WC) amounted to 76 percent (68).
• Return on equity amounted to 29 percent (28) and the equity ratio amounted to 38 percent (39).
• Cash flow from operating activities amounted to SEK 2,709 million (2,575). Cash flow per share from operating activities amounted to SEK 10.05 (9.55).
• Since the start of the financial year twelve acquisitions have been completed with combined annual sales of approximately SEK 1,600 million.
• The Board of Directors proposes a dividend of SEK 3.20 (2.80) per share.

Group Summary		3 months		Rolling 12 months
SEKm	31 Mar 2025	31 Mar 2024	∆	31 Mar 2025	31 Mar 2024	∆
Net sales	5,750	5,091	13%	21,796	20,019	9%
EBITA	880	763	15%	3,265	2,860	14%
EBITA-margin %	15.3	15.0		15.0	14.3
Profit after financial items	704	579	22%	2,515	2,183	15%
Profit for the period	543	451	20%	1,940	1,691	15%
Earnings per share before dilution, SEK	1.95	1.60		7.00	6.05
Earnings per share after dilution, SEK	1.95	1.60		7.00	6.05
Cash flow from operating activities per
share, SEK	-	-		10.05	9.55
Return on equity, %	29	28		29	28
Equity ratio, %	38	39		38	39

Comparisons in parentheses refer to the corresponding period of the previous year, unless stated otherwise.

CEO´S COMMENTS

Finishing strongly, we summarise a successful financial year for Addtech, with favourable performance among the companies generating conditions for continued profitable growth. Despite the uncertainty in the general business environment, the year has been characterised by a high level of activity, resulting in a sales increase of 9 percent, with organic growth in all quarters, earnings growth of 14 percent and a strengthened EBITA margin of 15.0 percent (14.3). Witha high rate of acquisitions combined with the strength of our well-diversified business of entrepreneurial niche companies in strong positions, we have once again managed the challenges, while capturing the potential of the market in a highly satisfactory manner.

FOURTH QUARTER

Overall, the market situation strengthened somewhat in the fourth quarter, although variations remained between different customer segments. Total sales increased by 13 percent, of which 2 percent was organic, with solid contributions from four out of five business areas, with Energy showing the strongest sales trend and Automation the weakest. EBITA increased by 15 percent to SEK 880 million with an EBITA margin of 15.3 percent (15.0).

During the quarter, two acquisitions were completed; Italian Coel Motori S.r.l, which manufactures electric brake motors and patented brake modules, and German Rosho Automotive Solutions GmbH, which designs and configures safety and driver assistance systems based on camera technology.

FULL YEAR

Despite a generally subdued economic climate and differences in market conditions between different segments, overall customer activity remained stable at a high level over the year. With a clear focus on a favourable product mix, active pricing, and profitable acquisitions, we have created good growth and increased both our margins and profitability.

The market for infrastructure products for national and regional grids, as well as products and solutions for the defence and marine segments, has been strong and has also strengthened sequentially over the year. The overall business situation in the medical technology, electronics, wind power, and mechanical and process industry segments has remained at stable high levels. Building and installation, as well as data and telecommunications, excluding data halls, had a challenging year. The willingness to invest in new projects in the sawmill industry and demand for special vehicles, particularly construction machinery, remained weak.

From a geographical perspective, the market situation over the year was stable in Sweden and Denmark, weak in Finland and strong in Norway. In our primary markets outside the Nordic region, business conditions were weak in DACH, stable in the Benelux countries and generally favourable for our UK companies. Our sales outside the Nordic region continued to increase over the year and amount to about 40 percent of our total sales on a rolling 12-month basis.

Cash flow from operating activities strengthened from already high levels and amounted to SEK 2,709 million (2,575) for the full year, driven by continued earnings growth, a stronger operating margin and focus on efficient working capital, and our long-term financial target P/WC increased to 76 percent (68).

ACQUISITIONS

Over the financial year, we continued to acquire at a high rate, on own cash flow, high-performing companies that strengthen our niches. In total, twelve companies were welcomed to the Group, followed by two more after the end of the period, adding a total of approximately SEK 1,900 million and 405 new employees to the Group.

The share of acquisitions outside the Nordic region increased, accounting for nine out of twelve acquisitions over the year, or about 62 percent of the added sales. In early April, two more acquisitions were completed, Canadian Novatech Analytical Solutions Inc, which supplies analytical instrumentation and engineered systems for measuring gases and liquids to customers in the process and energy segments, and British AMP Power Protection Ltd, which develops, supplies and supports rugged uninterruptible power supplies (UPS) and power protection systems for harsh environments to the defence, marine and transport industries. Accordingly, we have again demonstrated that, as long as we safeguard a strategic and cultural match, we can successfully scale the business model based on our business units' niche strategies in selected geographic markets.

In general, we retain a positive view of the acquisition market and, with our strong financial position, increased interest in becoming part of Addtech and a well-filled pipeline, we are well placed to maintain a high pace over the current financial year.

OUTLOOK

We are entering the new financial year with favourable order intake, well-filled order books and an ambitious plan for continued growth. Although we experienced some improvement in market conditions towards the end of the year, the general market uncertainty for the upcoming quarters is high. The direct impact of the announced trade tariffs on us is currently marginal, while it is difficult to assess the indirect effects on economic trends and the impact on our customers' willingness to invest. At the same time, we are resilient and wellequipped for the future with a well-diversified business, comprising flexible and adaptable companies with strong positions in niches with good long-term demand driven by clear growth trends.

In conclusion, I would like to direct my heartfelt thanks to all of our skilled and committed employees. I now look forward to a new financial year continuing to build long-term and sustainable value.

Niklas Stenberg President and CEO

GROUP DEVELOPMENT

Sales development

Net sales in the Addtech Group increased in the fourth quarter by 13 percent to SEK 5,750 million (5,091). The organic growth amounted to 2 percent and acquired growth amounted to 10 percent. Exchange rate changes affect net sales positively with 1 percent, corresponding to SEK 30 million.

Net sales in the Addtech Group during the financial year increased by 9 percent to SEK 21,796 million (20,019). The organic growth amounted to 2 percent and acquired growth amounted to 7 percent. Exchange rate changes affected net sales marginally negative, corresponding to SEK 84 million.

Profit development

EBITA in the fourth quarter amounted to SEK 880 million (763), representing an increase of 15 percent. Operating profit increased during the quarter by 15 percent to SEK 743 million (649) and the operating margin amounted to 12.9 percent (12.7). Net financial items amounted to SEK -39 million (-70) and profit after financial items increased by 22 percent to SEK 704 million (579).

Profit after tax in the fourth quarter increased by 20 percent and amounted to SEK 543 million (451) corresponding to earnings per share before/after dilution of SEK 1.95 (1.60).

EBITA for the financial year amounted to SEK 3,265 million (2,860), representing an increase of 14 percent. Operating profit increased during the financial year by 14 percent to SEK 2,757 million (2,426) and the operating margin amounted to 12.6 percent (12.1). Net financial items were SEK -242 million (-243) and profit after financial items increased by 15 percent to SEK 2,515 million (2,183).

Profit after tax for the financial year increased by 15 percent to SEK 1,940 million (1,691) and the effective tax rate amounted to 23 percent (23). Earnings per share before/after dilution for the financial year amounted to SEK 7.00 (6.05).

Net sales and EBITA margin, rolling 12 months

DEVELOPMENT IN THE BUSINESS AREAS

AUTOMATION

Net sales in Automation in the fourth quarter amounted to SEK 930 million (957) and EBITA amounted to SEK 106 million (132). Net sales during the financial year increased marginally and amounted to SEK 3,597 million (3,584) and EBITA amounted to SEK 428 million (459).

Market

The Automation business area experienced a weak end to the year, with a decline in sales mainly in companies with largescale project-based operations and in companies with pure trading business in the DACH and Benelux countries. The decline in sales, combined with some non-recurring expenses, had a negative impact on the quarter's earnings and operating margin. On the whole, market conditions were weak in the medical technology and process industries, while they were stable against tough comparisons in the mechanical industry segment. Companies exposed to the defence industry continued to experience the strongest demand. The revaluation of contingent purchase considerations affected profit for the quarter positively by about SEK 5 million.

Sales per customer segment Sales per geographic market

ELECTRIFICATION

Net sales in Electrification increased in the fourth quarter by 12 percent to SEK 1,159 million (1,040) and EBITA increased by 16 percent to SEK 157 million (135). Net sales during the financial year increased by 8 percent to SEK 4,419 million (4,100) and EBITA increased by 12 percent to SEK 577 million (514).

Market

The Electrification business area had a good fourth quarter with favourable demand and sales for the business area as a whole and an improved business situation compared with the final quarter last year. Demand was very strong in the medical technology, defence, special vehicles and mechanical industry segments, while it was stable for companies operating in electronics and energy. The revaluation of contingent purchase considerations affected profit for the quarter negatively by about SEK 1 million.

ENERGY

Net sales in Energy increased in the fourth quarter by 28 percent to SEK 1,637 million (1,276) and EBITA increased by 86 percent to SEK 264 million (142). Net sales during the financial year increased by 16 percent to SEK 6,147 million (5,307) and EBITA increased by 37 percent to SEK 935 million (683).

Market

The Energy business area enjoyed favourable market conditions and very good sales in the fourth quarter. The business situation was highly favourable for infrastructure products for the conversion and extension of national and regional grids, as well as for niche products for electrical transmission. Sales were varied in data and telecommunications, with the buildout of fiber-optic networks being weak, while sales to data halls remained strong. The market situation was weak in building and installation, stable for companies operating in the mechanical industry and favourable in wind power and traffic safety. The revaluation of contingent purchase considerations affected profit for the quarter negatively by about SEK 1 million.

Sales per customer segment Sales per geographic market

INDUSTRIAL SOLUTIONS

Net sales in Industrial Solutions increased in the fourth quarter by 12 percent to SEK 1,042 million (930) and EBITA amounted to SEK 208 million (215). Net sales during the financial year increased by 6 percent to SEK 3,825 million (3,594) and EBITA increased by 6 percent to SEK 798 million (754).

Market

Over the quarter, the overall business situation was favourable for the Industrial Solutions business area. Sales were favourable, with acquisitions contributing to the positive trend. Although the overall market situation in the forestry and sawmill industries, as well as in special vehicles, primarily for construction machinery, remained weak, for our companies exposed to these segments, demand rose over the quarter compared with last year. Demand was weak in waste and recycling, while the market situation was stable for companies active in the mechanical industry segment and favourable in subsea.

PROCESS TECHNOLOGY

Net sales in Process Technology increased in the fourth quarter by 10 percent to SEK 991 million (899) and EBITA increased by 9 percent to SEK 155 million (143). Net sales during the financial year increased by 11 percent to SEK 3,837 million (3,464) and EBITA increased by 12 percent to SEK 555 million (498).

Market

For the Process Technology business area as a whole, the market situation was favourable in the fourth quarter, with good demand and sales. Demand was good in the marine and energy segments, as well as in medical technology the process industries, where our companies operating in water treatment and the chemicals industry in particular continued to perform well. The market situation was stable in special vehicles, while it was weak in the forest and mechanical industry segments. The revaluation of contingent purchase considerations affected profit for the quarter positively by about SEK 16 million.

• Building & Installation (1%) Data & Telecommunications (0%) Electronics (0%) Energy (18%) Vehicles (4%) Medical technology (9%) Mechanical industry (8%)
  • Forestry & Process (40%)
  • Transport (16%) Other (4%)

OTHER FINANCIAL INFORMATION

Profitability, financial position and cash flow

The return on equity at the end of the financial year was 29 percent (28) and return on capital employed was 22 percent (22). Return on working capital P/WC (EBITA in relation to working capital) amounted to 76 percent (68).

At the end of the financial year the equity ratio amounted to 38 percent (39). Equity per share, excluding non-controlling interest, totalled SEK 24.55 (22.15). The Group's net debt at the end of the financial year amounted to SEK 5,018 million (4,427), excluding pension liabilities of SEK 262 million (241). The net debt/equity ratio, calculated on the basis of net debt excluding provisions for pensions amounted to 0.7 (0.7).

Cash and cash equivalents consisting of cash and bank equivalents and approved but non-utilised credit facilities amounted to SEK 2,472 million (2,167) at 31 March 2025.

Cash flow from operating activities amounted to SEK 2,709 million (2,575) during the financial year. Company acquisitions and disposals including settlement of contingent consideration regarding acquisitions implemented in previous years amounted to SEK 1,602 million (1,303). Investments in non-current assets totalled SEK 232 million (188) and disposal of non-current assets amounted to SEK 36 million (9). Repurchase of call options amounted to SEK 80 million (41). Exercised and issued call options totalled SEK 46 million (50). Dividend paid to the shareholders of the Parent Company totalled SEK 755 million (674), corresponding to SEK 2.80 (2.50) per share. The dividend was paid out in the second quarter.

Employees

At the end of the financial year, the number of employees was 4,470 compared to 4,175 at the beginning of the financial year. During the financial year, completed acquisitions resulted in an increase of the number of employees by 325. The average number of employees in the latest twelve month period was 4,341.

Ownership structure

At the end of the period the share capital amounted to SEK 51.1 million.

	Number of	Number of	Percentage of	Percentage of
Class of shares	shares	votes	capital	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	-2,931,912		1.1%	0.8%
Total number of shares after repurchases	269,862,072

Addtech has four outstanding call option programmes for a total of 2,185,355 shares. Call options issued on repurchased shares entail a dilution effect of about 0.2 percent during the latest twelve month period. Addtech's own shareholdings fully meet the needs of the outstanding call option programmes.

Outstanding	Number of	Corresponding	Proportion of
programme	options	number of shares	total shares	Exercise price	Expiration period
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
2022/2026	825,910	825,910	0.3%	180.10	8 Sep 2025 - 10 Jun 2026
2021/2025	45,020	45,020	0.0%	214.40	9 Sep 2024 - 11 Jun 2025
Total	2,185,355	2,185,355

Acquisitions and disposal

During the period, 1 April to 31 December 2024 the following acquisitions were completed; Romani Components Srl, Italy, was acquired to become part of the Automation business area. Nuova Elettromeccanica Sud S.p.A., Italy, and Unilite A/S, Denmark, were acquired to become part of the Energy business area. Novomotec GmbH, Germany, Cell Pack Solutions Ltd., Great Britain, and Nanosystec GmbH, Germany, were acquired to become part of the Electrification business area. GoDrive AS, Norway, and C. Gunnarssons Verkstads AB, Sweden, were acquired to become part of the Industrial Solutions business area. Analytical Solutions and Products B.V., Netherlands, and PGS Tec GmbH, Germany, were acquired to become part of the Process Technology business area.

On 15 January, Coel Motori S.r.l., Italy, was acquired to become part of the Industrial Solutions business area. Coel is a manufacturer and supplier of electric break motors and patented brake modules for industrial applications in the European market. Coel has 24 employees and sales of around EUR 8 million.

On 14 February, 80 percent of the shares in ROSHO Automotive Solutions GmbH, Germany, was acquired to become part of the Industrial Solutions business area. ROSHO designs and configures innovative safety and assistance systems based on camera technology. The products and systems are sold under the ROSHO brand to vehicle manufacturers, mainly in the public transport segment, on the European market. ROSHO has 24 employees and a sales of around EUR 13 million.

The purchase price allocation calculations for the acquisitions completed during the period 1 April 2023 - 31 March 2024 have now been finalised. No significant adjustments have been made to the calculations. Acquisitions completed as of the 2023/2024 financial year are distributed among the Group's business areas as follows:

			Net
		Acquired	sales,	Number of
Acquisitions 2023/2024	Closing	share, %	SEKm*	employees*	Business Area
INDAG Maschinenbau GmbH, Germany	April, 2023	90	55	40	Process Technology
Clyde Holding Ltd., Great Britain	April, 2023	100	150	49	Process Technology
Feritech Global Ltd., Great Britain	May, 2023	90	55	21	Industrial Solutions
Electrum Automation AB, Sweden	June, 2023	100	80	22	Electrification
Darby Manufacturing Ltd., Canada	June, 2023	100	50	14	Industrial Solutions
S. Tygesen Energi A/S, Denmark	June, 2023	100	75	3	Energy
Control Cutter AS, Norway	October, 2023	89	160	18	Industrial Solutions
BV Teknik A/S, Denmark	November, 2023	100	85	24	Automation
Kemic Vandrens A/S, Denmark	January, 2024	80	95	20	Process Technology
Crescocito AB, Sweden	February, 2024	100	60	10	Industrial Solutions
			Net
		Acquired	sales,	Number of
Acquisitions 2024/2025	Closing	share, %	SEKm*	employees*	Business Area
Novomotec GmbH, Germany	April, 2024	100	80	9	Electrification
Cell Pack Solutions Ltd., Great Britain	April, 2024	90	75	30	Electrification
GoDrive AS, Norway	April, 2024	100	75	5	Industrial Solutions
Nuova Elettromeccanica Sud S.p.A., Italy	June, 2024	100	160	32	Energy
C. Gunnarssons Verkstads AB, Sweden	July, 2024	89	200	45	Industrial Solutions
Analytical Solutions and Products B.V.,
Netherlands	July, 2024	100	140	20	Process Technology
Romani Components Srl, Italy	July, 2024	80	125	23	Automation
PGS Tec GmbH, Germany	October, 2024	85	80	15	Process Technology
Unilite A/S, Denmark	November, 2024	100	325	78	Energy
Nanosystec GmbH, Germany	November, 2024	100	90	20	Electrification
Coel Motori S.r.l., Italy	January, 2025	100	90	24	Industrial Solutions
ROSHO Automotive Solutions GmbH,
Germany	February, 2025	80	150	24	Industrial Solutions
			Net
		Acquired	sales,	Number of
Acquisitions 2025/2026	Closing	share, %	SEKm*	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 Technology

* Refers to assessed condition at the time of acquisition on a full-year basis.

If all acquisitions which have taken effect during the financial year had been completed on 1 April 2024, their impact would have been an estimated SEK 1,650 million on Group net sales, about SEK 210 million on operating profit and about SEK 145 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 financial year, the discounted value amounts to SEK 230 million. The contingent purchase considerations fall due for payment within three years and the outcome is subject to a maximum of SEK 277 million.

Transaction costs for acquisitions that resulted in an ownership transfer during the financial year amounted to SEK 24 million (26) and are reported under Selling expenses.

Revaluation of contingent consideration had a positive net effect of SEK 11 million (15) during the financial year. 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 financial year:

Fair value
SEKm	31 Mar 2025	31 Mar 2024
Intangible non-current assets	985	727
Other non-current assets	98	127
Inventories	335	156
Other current assets	616	425
Deferred tax liability/tax asset	-267	-186
Other liabilities	-532	-284
Acquired net assets	1,235	965
1) Goodwill	989	722
2) Non-controlling interests	-163	-105
3) Consideration	2,061	1,582
Less: cash and cash equivalents in acquired businesses	-343	-220
Less: consideration not yet paid	-247	-254
Effect on the Group's cash and cash equivalents	1,471	1,108

1) Goodwill is justified by expected future sales trend and profitability as well as the personnel included in the acquired companies.2) Non-controlling interests have been measured at fair value, which entails that goodwill is also reported for non-controlling interests.

3) The consideration is stated excluding transaction costs for the acquisitions.

Parent Company

Parent Company's net sales during the financial year amounted to SEK 112 million (95) and profit after financial items was SEK 806 million (687). Net investments in non-current assets were SEK 0 million (0). The Parent Company's financial net assets was SEK 648 million (-189) at the end of the financial year.

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 2024/2025.

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 and reconciliation tables of the performance measures that Addtech uses, please see page 21-24.

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 uncertainties (page 58-61) in the annual report for 2023/2024 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.

Annual Report 2024/2025

The annual report for 2024/2025 will be published on Addtech's website www.addtech.com during week 27 in July 2025. A printed version will be distributed to the shareholders who request this.

Annual General Meeting 2025

The Annual General Meeting (AGM) of Addtech AB will take place at 4:00 p.m on Wednesday 27 August 2025. A notice of the AGM will be published in July 2025 and will also be available on www.addtech.com.

The Board of Directors proposes dividend of SEK 3.20 (2.80) per share, which corresponds to a dividend payment of about SEK 864 million (755), which is in line with Addtech's dividend policy with the objective of a dividend that exceeds 30 percent of average Group profit after tax over a business cycle.

Events after the end of the period

On 1 April, AMP Power Protection Ltd., Great Britain, was acquired to become part of the Electrification business area. AMP develops, supplies and supports rugged Uninterruptible Power Supplies (UPS) and Power Protection systems for harsh environments to the defence, marine and transport industries. AMP has 20 employees and sales of around GBP 5 million.

On 1 April, 90 percent of the shares in Novatech Analytical Solutions Inc., Canada, was acquired to become part of the Process Technology business area. Novatech is a leading supplier of analytical instrumentation, engineered systems and services including the measurement of gases and liquids for process, environmental and ambient detection - primarily to Canadian customers within the process- and energy segments. Novatech has 60 employees and sales of around CAD 34 million.

Preliminary purchase price allocations have not yet been completed.

Stockholm May 15, 2025

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 15 May 2025.

Future information

2025-07-15 Interim report 1 April - 30 June 2025 2025-08-27 Annual General Meeting 2025 will be held at IVA, Grev Turegatan 16, Stockholm at 4.00 p.m. 2025-10-23 Interim report 1 April - 30 September 2025 2026-02-05 Interim report 1 April - 31 December 2025

The Group's annual report for 2024/2025 will be published on Addtech's website during week 27 in July 2025.

For further information, please contact:

Niklas Stenberg, President and CEO, +46 8 470 49 00 Malin Enarson, CFO, +46 705 979 473

BUSINESS AREA

Net sales by business area	2024/2025			2023/2024
Quarterly data, SEKm	Q4	Q3	Q2	Q1	Q4	Q3	Q2	Q1
Automation	930	920	837	910	957	868	862	897
Electrification	1,159	1,072	1,069	1,119	1,040	1,007	1,029	1,024
Energy	1,637	1,599	1,452	1,459	1,276	1,306	1,297	1,428
Industrial Solutions	1,042	968	847	968	930	906	835	923
Process Technology	991	930	929	987	899	878	863	824
Group items	-9	-8	-7	-5	-11	-5	-7	-7
Addtech Group	5,750	5,481	5,127	5,438	5,091	4,960	4,879	5,089

EBITA by business area	2024/2025					2023/2024
Quarterly data, SEKm	Q4	Q3	Q2	Q1	Q4	Q3	Q2	Q1
Automation	106	105	100	117	132	104	114	109
Electrification	157	129	141	150	135	112	137	130
Energy	264	245	214	212	142	171	172	198
Industrial Solutions	208	195	179	216	215	188	194	157
Process Technology	155	122	135	143	143	119	124	112
Group items	-10	-6	-5	-7	-4	-20	-14	-10
EBITA	880	790	764	831	763	674	727	696
Depr. of intangible non-current assets	-137	-129	-124	-118	-114	-110	-109	-101
– of which acquisitions	-127	-121	-116	-111	-107	-104	-101	-96
Operating profit	743	661	640	713	649	564	618	595

Net sales		3 months		Rolling 12 months
SEKm	31 Mar 2025	31 Mar 2024	31 Mar 2025	31 Mar 2024
Automation	930	957	3,597	3,584
Electrification	1,159	1,040	4,419	4,100
Energy	1,637	1,276	6,147	5,307
Industrial Solutions	1,042	930	3,825	3,594
Process Technology	991	899	3,837	3,464
Group items	-9	-11	-29	-30
Addtech Group	5,750	5,091	21,796	20,019

EBITA and EBITA-margin	3 months				Rolling 12 months
	31 Mar 2025		31 Mar 2024		31 Mar 2025		31 Mar 2024
	SEKm	%	SEKm	%	SEKm	%	SEKm	%
Automation	106	11.4	132	13.9	428	11.9	459	12.8
Electrification	157	13.5	135	13.0	577	13.1	514	12.5
Energy	264	16.1	142	11.1	935	15.2	683	12.9
Industrial Solutions	208	20.0	215	23.1	798	20.9	754	21.0
Process Technology	155	15.7	143	15.9	555	14.5	498	14.4
Group items	-10		-4		-28		-48
EBITA	880	15.3	763	15.0	3,265	15.0	2,860	14.3
Depr. of intangible non
current assets	-137		-114		-508		-434
– of which acquisitions	-127		-107		-475		-408
Operating profit	743	12.9	649	12.7	2,757	12.6	2,426	12.1

DISAGGREGATION OF REVENUE

Net sales by the customer's geographical location	3 months 31 Mar 2025
				Industrial	Process	Group	Addtech
SEKm	Automation	Electrification	Energy	Solutions	Technology	items	Group
Sweden	266	329	400	366	163	-	1,524
Denmark	157	84	292	12	174	-	719
Finland	137	109	107	182	87	0	622
Norway	68	90	255	78	147	-	638
Other Europe	270	464	457	237	299	-	1,727
Other countries	31	80	124	166	119	-	520
Group items	1	3	2	1	2	-9	-
Total	930	1,159	1,637	1,042	991	-9	5,750

Net sales by the customer's	12 months
geographical location	31 Mar 2025
				Industrial	Process	Group	Addtech
SEKm	Automation	Electrification	Energy	Solutions	Technology	items	Group
Sweden	1,027	1,257	1,503	1,343	633	-	5,763
Denmark	607	321	1,095	45	674	-	2,742
Finland	532	415	404	667	336	0	2,354
Norway	262	344	957	284	570	-	2,417
Other Europe	1,042	1,772	1,718	871	1,155	-	6,558
Other countries	121	304	466	611	460	-	1,962
Group items	6	6	4	4	9	-29	-
Total	3,597	4,419	6,147	3,825	3,837	-29	21,796

Net sales by the customer's
geographical location	31 Mar 2024
				Industrial	Process	Group	Addtech
SEKm	Automation	Electrification	Energy	Solutions	Technology	items	Group
Sweden	255	290	305	308	173	-	1,331
Denmark	173	82	196	8	144	0	603
Finland	161	107	92	170	101	0	631
Norway	69	92	236	83	134	-	614
Other Europe	260	415	354	215	254	-	1,498
Other countries	37	50	92	146	89	-	414
Group items	2	4	1	0	4	-11	-
Total	957	1,040	1,276	930	899	-11	5,091

Net sales by the customer's	12 months
geographical location	31 Mar 2024
				Industrial	Process	Group	Addtech
SEKm	Automation	Electrification	Energy	Solutions	Technology	items	Group
Sweden	955	1,145	1,266	1,190	668	-	5,224
Denmark	650	322	816	32	555	0	2,375
Finland	603	423	385	657	389	0	2,457
Norway	258	362	982	319	518	-	2,439
Other Europe	975	1,642	1,474	830	979	-	5,900
Other countries	138	199	382	562	343	-	1,624
Group items	5	7	2	4	12	-30	-
Total	3,584	4,100	5,307	3,594	3,464	-30	20,019

				3 months
Net sales per customer's segment				31 Mar 2025
				Industrial	Process	Group	Addtech
SEKm	Automation	Electrification	Energy	Solutions	Technology	items	Group
Building & Installation	46	96	270	29	15	-	456
Data & Telecommunications	20	36	149	1	0	-	206
Electronics	46	268	56	4	4	-	378
Energy	59	146	794	24	175	-	1,198
Vehicles	59	163	16	335	36	-	609
Medical technology	121	163	13	3	89	-	389
Mechanical industry	258	114	108	123	80	-	683
Forestry & Process	111	9	37	333	394	-	884
Transport	38	20	100	85	157	-	400
Other	171	141	92	104	39	0	547
Group items	1	3	2	1	2	-9	-
Total	930	1,159	1,637	1,042	991	-9	5,750

12 months

Net sales per customer's segment				31 Mar 2025
				Industrial	Process	Group	Addtech
SEKm	Automation	Electrification	Energy	Solutions	Technology	items	Group
Building & Installation	177	366	1,015	107	57	-	1,722
Data & Telecommunications	77	139	562	3	1	-	782
Electronics	178	1,023	211	13	16	-	1,441
Energy	229	557	2,981	89	677	-	4,533
Vehicles	223	620	60	1,229	139	-	2,271
Medical technology	469	623	49	12	345	-	1,498
Mechanical industry	1,000	436	405	452	310	-	2,603
Forestry & Process	430	36	138	1,224	1,525	-	3,353
Transport	148	76	377	311	608	-	1,520
Other	660	537	345	381	150	0	2,073
Group items	6	6	4	4	9	-29	-
Total	3,597	4,419	6,147	3,825	3,837	-29	21,796

				3 months
Net sales per customer's segment				31 Mar 2024
				Industrial	Process	Group	Addtech
SEKm	Automation	Electrification	Energy	Solutions	Technology	items	Group
Building & Installation	42	67	255	25	15	-	404
Data & Telecommunications	33	43	99	1	1	-	177
Electronics	61	262	44	3	3	0	373
Energy	48	151	582	10	163	-	954
Vehicles	64	147	14	328	45	-	598
Medical technology	148	113	8	4	57	-	330
Mechanical industry	262	109	74	94	111	-	650
Forestry & Process	122	13	28	309	312	-	784
Transport	32	21	97	61	139	-	350
Other	143	110	74	95	49	0	471
Group items	2	4	1	0	4	-11	-
Total	957	1,040	1,276	930	899	-11	5,091

				12 months
Net sales per customer's segment				31 Mar 2024
				Industrial	Process	Group	Addtech
SEKm	Automation	Electrification	Energy	Solutions	Technology	items	Group
Building & Installation	156	263	1,062	95	58	-	1,634
Data & Telecommunications	122	170	412	2	5	-	711
Electronics	230	1,035	183	13	13	0	1,474
Energy	179	595	2,421	40	630	-	3,865
Vehicles	239	583	60	1,266	174	-	2,322
Medical technology	556	447	34	17	220	-	1,274
Mechanical industry	983	429	306	363	427	-	2,508
Forestry & Process	455	52	118	1,195	1,201	-	3,021
Transport	121	83	402	234	535	-	1,375
Other	538	436	307	365	189	0	1,835
Group items	5	7	2	4	12	-30	-
Total	3,584	4,100	5,307	3,594	3,464	-30	20,019

CONSOLIDATED INCOME STATEMENT, CONDENSED

		3 months	Rolling 12 months
SEKm	31 Mar 2025	31 Mar 2024	31 Mar 2025	31 Mar 2024
Net sales	5,750	5,091	21,796	20,019
Cost of sales	-3,892	-3,426	-14,804	-13,672
Gross profit	1,858	1,665	6,992	6,347
Selling expenses	-834	-763	-3,196	-2,932
Administrative expenses	-295	-255	-1,090	-979
Other operating income and expenses	14	2	51	-10
Operating profit	743	649	2,757	2,426
of sales % net as -	12.9	12.7	12.6	12.1
Financial income and expenses	-39	-70	-242	-243
Profit after financial items	704	579	2,515	2,183
% of sales net as -	12.2	11.4	11.5	10.9
Income tax expense	-161	-128	-575	-492
Profit for the period	543	451	1,940	1,691
Profit for the period attributable to:
Equity holders of the Parent Company	530	433	1,892	1,632
Non-controlling interests	13	18	48	59
Earnings per share after tax before dilution, SEK	1.95	1.60	7.00	6.05
Earnings per share after tax after dilution, SEK	1.95	1.60	7.00	6.05
Average number of shares after repurchases, '000s	269,861	269,741	269,829	269,634
Number of shares at end of the period, '000s	269,862	269,779	269,862	269,779

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME, CONDENSED

		3 months	Rolling 12 months
SEKm	31 Mar 2025	31 Mar 2024	31 Mar 2025	31 Mar 2024
Profit for the period	543	451	1,940	1,691
Components reclassified profit for that will be the to year
Cash flow hedges	-	4	-	-3
Foreign currency translation differences for the period	-484	242	-476	184
Components that will be reclassified profit for the not to
year
Actuarial effects of the net pension obligation	-4	6	-19	-18
Other comprehensive income	-488	252	-495	163
Total comprehensive income	55	703	1,445	1,854
Total comprehensive income attributable to:
Equity holders of the Parent Company	58	677	1,414	1,790
Non-controlling interests	-3	26	31	64

CONSOLIDATED BALANCE SHEET, CONDENSED

SEKm	31 Mar 2025	31 Mar 2024
Goodwill	5,527	4,716
Other intangible non-current assets	3,182	2,750
Property, plant and equipment	1,447	1,325
Other non-current assets	79	74
Total non-current assets	10,235	8,865
Inventories	3,260	3,125
Current receivables	3,850	3,869
Cash and cash equivalents	1,168	798
Total current assets	8,278	7,792
Total assets	18,513	16,657
Total equity	7,063	6,478
Interest-bearing provisions	262	241
Non-interest-bearing provisions	924	767
Non-current interest-bearing liabilities	4,902	3,892
Non-current non-interest-bearing liabilities	37	25
Total non-current liabilities	6,125	4,925
Non-interest-bearing provisions	170	109
Current interest-bearing liabilities	1,284	1,333
Current non-interest-bearing liabilities	3,871	3,812
Total current liabilities	5,325	5,254
Total equity and liabilities	18,513	16,657

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY, CONDENSED

SEKm	31 Mar 2025	31 Mar 2024
Opening balance	6,478	5,573
Exercised, issued and repurchased options	-34	9
Repurchase of treasury shares	-	-
Dividend, ordinary	-755	-674
Dividend, non-controlling interests	-33	-48
Change, non-controlling interests	163	93
Option debt, acquisition	-201	-329
Total comprehensive income	1,445	1,854
Closing balance	7,063	6,478

CONSOLIDATED CASH FLOW STATEMENT, CONDENSED

	3 months		Rolling 12 months
SEKm	31 Mar 2025	31 Mar 2024	31 Mar 2025	31 Mar 2024
Profit after financial items	704	579	2,515	2,183
Adjustment for items not included in cash flow	246	212	960	842
Income tax paid	-236	-210	-702	-522
Changes in working capital	147	100	-64	72
Cash flow from operating activities	861	681	2,709	2,575
Net investments in non-current assets	-47	-56	-196	-179
Acquisitions and disposals	-386	-182	-1,602	-1,303
Cash flow from investing activities	-433	-238	-1,798	-1,482
Dividend paid to shareholders	-	-	-755	-674
Repurchase of own shares/change of options	-11	-4	-34	9
Other financing activities	-254	-531	315	-257
Cash flow from financing activities	-265	-535	-474	-922
Cash flow for the period	163	-92	437	171
Cash and cash equivalents at beginning of period	1,075	859	798	606
Exchange differences on cash and cash equivalents	-70	31	-67	21
Cash and cash equivalents at end of period	1,168	798	1,168	798

FAIR VALUES ON FINANCIAL INSTRUMENTS

	31 Mar 2025			31 Mar 2024
	Carrying		Carrying
SEKm	amount	Level 2	Level 3	amount	Level 2	Level 3
Derivatives - fair value, hedge instruments	-	-	-	-	-	-
Derivatives - fair value through profit	10	10	-	7	7	-
Total financial assets at fair value per level	10	10	-	7	7	-
Derivatives - fair value, hedge instruments	-	-	-	-	-	-
Derivatives - fair value through profit	14	14	-	20	20	-
Contingent considerations - fair value through profit	451	-	451	360	-	360
Total financial liabilities at fair value per level	465	14	451	380	20	360

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	31 Mar 2025	31 Mar 2024
Opening balance	360	295
Acquisitions during the year	231	251
Adjustments through profit or loss	-11	-15
Consideration paid	-129	-200
Interest expenses	19	15
Exchange differences	-19	14
Closing balance	451	360

KEY FINANCIAL INDICATORS

	12 months ending
	31 Mar 2025	31 Mar 2024	31 Mar 2023	31 Mar 2022
Net sales, SEKm	21,796	20,019	18,714	14,038
EBITDA, SEKm	3,692	3,245	2,872	2,077
EBITA, SEKm	3,265	2,860	2,540	1,803
EBITA-margin, %	15.0	14.3	13.6	12.8
Operating profit, SEKm	2,757	2,426	2,167	1,501
Operating margin, %	12.6	12.1	11.6	10.7
Profit after financial items, SEKm	2,515	2,183	2,005	1,433
Profit for the period, SEKm	1,940	1,691	1,554	1,117
x
Working capital	4,312	4,219	3,855	2,618
Return on working capital (P/WC), %	76	68	66	69
Return on equity, %	29	28	32	30
Return on capital employed, %	22	22	22	20
Equity ratio, %	38	39	36	34
x Financial debt, SEKm	5,280	4,668	4,325	4,061
Debt / equity ratio, multiple	0.7	0.7	0.8	1.0
Financial debt / EBITDA, multiple	1.4	1.4	1.5	2.0
Net debt excl. pensions, SEKm	5,018	4,427	4,107	3,747
Net debt, excl. pensions / equity ratio, multiple	0.7	0.7	0.7	0.9
Interest coverage ratio, multiple	9.6	8.7	13.7	22.4
x Average number of employees	4,341	4,109	3,781	3,317
Number of employees at end of the period	4,470	4,175	3,911	3,556

KEY FINANCIAL INDICATORS PER SHARE

				12 months ending
SEK	31 Mar 2025	31 Mar 2024	31 Mar 2023	31 Mar 2022
Earnings per share before dilution	7.00	6.05	5.55	4.00
Earnings per share after dilution	7.00	6.05	5.55	3.95
Cash flow from operating activities per share	10.05	9.55	7.10	4.15
Shareholders' equity per share	24.55	22.15	19.25	14.60
Share price at the end of the period	292.80	243.80	192.30	182.00
Average number of shares after repurchases, '000s	269,829	269,634	269,557	269,400
Average number of shares after repurchases adjusted for
dilution, '000s	270,332	269,761	269,723	270,346
Number of shares outstanding at end of the period, '000s	269,862	269,779	269,565	269,528

For definitions of key financial indicators, see page 21-23.

PARENT COMPANY INCOME STATEMENT, CONDENSED

	3 months		Rolling 12 months
SEKm	31 Mar 2025	31 Mar 2024	31 Mar 2025	31 Mar 2024
Net sales	29	24	112	95
Administrative expenses	-36	-32	-140	-143
Operating profit/loss	-7	-8	-28	-48
Interest income and expenses and similar items	784	699	834	735
Profit after financial items	777	691	806	687
Appropriations	230	148	230	148
Profit before taxes	1,007	839	1,036	835
Income tax expense	-38	-27	-45	-28
Profit for the period	969	812	991	807
Total comprehensive income	969	812	991	807

PARENT COMPANY BALANCE SHEET, CONDENSED

SEKm	31 Mar 2025	31 Mar 2024
Intangible non-current assets	0	1
Property, plant and equipment	0	0
Non-current financial assets	8,095	5,726
Total non-current assets	8,095	5,727
Current receivables	1,448	2,189
Cash and bank balances	11	99
Total current assets	1,459	2,288
Total assets	9,554	8,015
Restricted equity	69	69
Unrestricted equity	1,443	1,242
Total equity	1,512	1,311
Untaxed reserves	350	374
Provisions	13	14
Non-current liabilities	4,287	3,424
Current liabilities	3,392	2,892
Total equity and liabilities	9,554	8,015

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, see the reconciliation table on page 24.

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, see thereconciliation table on page 24.

EBITA¹

Operating profit before amortisation of intangible assets. EBITA is used to analyse the profitability generated by operating activities, see reconciliation table on page 24.

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, see reconciliation table on page 24.

Equity per share¹

Equity 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 liquidfunds 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 isdistinguished from organic growth, divestments and exchange rate effects, see reconciliation table on page 24.

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.

equipment

.

Net investments in non-current assets¹

Investments in non-current assets minus sales of non-current assets. ThismeasureisusedtoanalysetheGroup'sinvestmentsinrenewinganddevelopingproperty,plantand

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, see reconciliation table on page 24.

Net debt excluding pensions/ equity ratio¹ ²

Net debt excluding pensions divided by shareholders' equity. A measure used to analyse financial risk, see reconciliation table on page 24.

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, see reconciliation table on page 24.

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 togenerate a sufficiently large surplus to cover its financial costs, see reconciliation table on page 24.

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, see reconciliation table on page 24.

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.

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 havebeen lent out by lenders, see reconciliation table on page 24.

Outstanding shares

Total number of shares less treasury shares repurchased by the Company.

¹The performance measure is an alternative performance measure according to ESMA's guidelines. ²Minority interest is included in equity when the performance measures are calculated.

RECONCILIATION TABLES ALTERNATIVE PERFORMANCE MEASURES

EBITA and EBITDA	12 months ending
Addtech Group, SEKm	31 Mar 2025	31 Mar 2024	31 Mar 2023	31 Mar 2022
Operating profit according to Interim report	2,757	2,426	2,167	1,501
Amortization, intangible assets (+)	508	434	373	302
EBITA	3,265	2,860	2,540	1,803
Depreciation, tangible assets (+)	427	385	332	274
EBITDA	3,692	3,245	2,872	2,077

12 months ending
31 Mar 2025	31 Mar 2024	31 Mar 2023	31 Mar 2022
3,265	2,860	2,540	1,803
3,386	3,359	3,154	2,058
3,256	3,072	2,876	2,078
-2,330	-2,212	-2,175	-1,518
4,312	4,219	3,855	2,618
76%	68%	66%	69%

Acquired- and organic growth
	3 months			12 months
Addtech Group		31 Mar 2025	31 Mar 2024		31 Mar 2025		31 Mar 2024
Acquired growth (SEKm,%)	519	(10%)	210	(4%)	1,400	(7%)	851	(5%)
Organic growth (SEKm,%)	110	(2%)	-384	(-7%)	461	(2%)	16	(0%)
Exchange rate effect (SEKm,%)	30	(1%)	-2	(0%)	-84	(0%)	438	(2%)
Total growth (SEKm,%)	659	(13%)	-176	(-3%)	1,777	(9%)	1,305	(7%)

Interest coverage ratio	12 months ending
Addtech Group	31 Mar 2025	31 Mar 2024	31 Mar 2023	31 Mar 2022
Profit after financial items, SEKm	2,515	2,183	2,005	1,433
Interest expenses and bank charges, SEKm (+)	294	283	158	67
Total	2,809	2,466	2,163	1,500
Interest coverage ratio, multiple	9.6	8.7	13.7	22.4

Net debt excl. pensions and net debt excl.
pensions/equity ratio	At the end of the period
Addtech Group	31 Mar 2025	31 Mar 2024	31 Mar 2023	31 Mar 2022
Financial net debt, SEKm	5,280	4,668	4,325	4,061
Pensions, SEKm (-)	-262	-241	-218	-314
Net debt excluding pensions, SEKm	5,018	4,427	4,107	3,747
Equity, SEKm	7,063	6,478	5,573	4,259
Net debt to Equity ratio (excluding pensions),
multiple	0.7	0.7	0.7	0.9

Capital employed and return on capital employed	12 months ending
Addtech Group, SEKm	31 Mar 2025	31 Mar 2024	31 Mar 2023	31 Mar 2022
Profit after financial items	2,515	2,183	2,005	1,433
Financial expenses (+)	358	367	210	152
Profit after financial items plus financial expenses	2,873	2,550	2,215	1,585
Total assets, yearly average (+)	17,893	16,170	14,280	11,001
Non-interest-bearing liabilities, yearly average (-)	-3,895	-3,839	-3,581	-2,705
Non-interest-bearing provisions, yearly average (-)	-978	-809	-655	-485
Capital employed	13,020	11,522	10,044	7,811
Return on capital employed, %	22%	22%	22%	20%

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