Interim report January–September 2025

Continued strong performance in the US while addressing weak market in Europe Key highlights •    Currency-neutral net sales growth in North America •    Lower sales volumes in Europe •    Sequentially improved adjusted EBITDA margin to 11% •    Excellent cash conversion of 139%  •    Launched cost saving program targeting SEK 800 million (annualized)   Quarterly data •    Net sales decreased by 8% to SEK 9,905 million (10,798) •    Adjusted EBITDA* SEK 1,058 million (1,555) •    Adjusted EBITDA margin* 11% (14) •    Operating profit SEK 9 million (851)