First quarter (January–March 2025)

• Net sales decreased by -2.4 percent to SEK 648.8 million (664.9), of which organic growth for equivalent units decreased by -6.1 percent (-2.5).
• EBITA decreased to SEK 25.4 million (55.8) and the EBITA margin was 3.9 percent (8.4).
• EBIT decreased to SEK 10.5 million (41.5).
• Cash flow from operating activities increased to SEK 73.0 million (39.5).

Period (R12 months as of March 31, 2025)

• Net sales increased by 8.1 percent to SEK 3,010.8 million (2,783.9).
• EBITA decreased by -2.5 percent to SEK 274.5 million (281.5), and the EBITA margin amounted to 9.1 percent (10.1).
• EBIT decreased by -4.5 percent to SEK 215.9 million (226.0).
• Cash flow from operating activities increased to SEK 155.5 million (93.8).

No significant events have occurred after the balance sheet date.

Per-Johan Dahlgren, President & CEO of Novedo, comments on the first quarter of 2025:
Novedo reports solid sales for the first quarter of 2025, where a continued tough market climate, combined with some commercial shifts due to geopolitical turbulence, negatively impacted the quarter's earnings. As of March 31, 2025, sales for the rolling twelve months increased 8.2 percent to SEK 3,010.8 million, with an EBITA margin of 9.1 percent, while cash flow strengthened by 65.8 percent to SEK 155.5 million.

Increased geopolitical clarity and a more expansionary fiscal and monetary policy should lay the foundation for a gradual increase in our customers' willingness to invest. I assess that all of Novedo's business segments can benefit from trends and economic activity in the coming years. The group's well-established companies continuously adapt to the current market climate and are well-positioned to take advantage of an improved demand situation.

Novedo is evaluating several company acquisitions, and I see promising growth opportunities in all segments, both in existing and new geographic markets, with the target to continue developing Novedo into a long-term, solid European industrial group.