Q1 2026 Summary

• Net sales for the first quarter were SEK 329.9m, a decrease of 1.4 percent compared to the same quarter last year. Organic sales growth were 11.0 percent.
• EBITDA was SEK -42.4m, with an adjusted EBITDA of SEK -11.4m. The difference mainly relates to restructuring costs of SEK 52.5m, of which SEK 30.2m affected EBITDA.
• Cash flow from operating activities totalled SEK 47.3m.
• BICO successfully issued EUR 40M senior secured bonds under a EUR 60M framework. The new capital puts BICO in a position to support further growth and capture a market recovery, while navigating ongoing macroeconomic uncertainty.
• BICO divested a Finnish property to Logistea AB, for a total of EUR 3.5m.
• BICO settled its convertible bonds, with the total outstanding amount of SEK 1,008m, in full on their scheduled maturity date.

January-March 2026 (compared with January-March 2025)

• Net sales amounted to SEK 329.9m (334.7) which corresponds to a decrease of 1.4% compared to the corresponding quarter previous year
• Organic sales growth for the quarter were 11% (−21.8%)
• The gross margin amounted to 54.1% (56.7%)
• Adjusted EBITDA amounted to SEK -11.4m (-21.4) corresponding to a margin of -3.4% (-6.4%)
• Net profit/loss for the quarter from continuing operations amounted to SEK −131.3m (-235.4) corresponding to earnings per share from continuing operations after dilution of SEK −1.86 (-3.32)
• Cash flow from operating activities amounted to SEK 47.3m (76.6)

Presentation for media and investors
A telephone conference, with the opportunity to ask questions, will be held later today, on April 29, 2026, at 10:00am CEST, at which President & CEO Maria Forss and CFO Ewa Linsäter will present the interim report.

Information about presentation and webcast
The presentation will be available on BICO’s website from 09:00am CEST.
https://bico.com/investors/

If you wish to participate via webcast, please use the link below:
https://bico.events.inderes.com/q1-report-2026

If you wish to participate via teleconference, please register on the link below. After registration you will be provided with phone numbers and a conference ID to access the conference. You can ask questions verbally via the teleconference.
https://events.inderes.com/bico/q1-report-2026/dial-in