Interim report January–June 2025

Continued outstanding performance in the US while navigating weakening market in Europe Key highlights •    Flat currency-neutral net sales development •    EBITDA margin of 22% in North America, highest since Q4 2022 •    Challenging earnings in Europe due to weakening demand •    Excellent cash conversion •    Evolution program in North America exceeding expectations   Quarterly data •    Net sales decreased by 5% to SEK 10,244 million (10,764) •    Adjusted EBITDA* SEK 912 million (1,003) •    Adjusted EBITDA margin* 9% (9) •    Operating profit SEK