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Interim report January-September 2020

July-September 2020 · Net sales were 355.4 MSEK (321.9), an increase of 10.4% from the equivalent quarter in 2019. Organic growth was 12.2% for the period. · Operating income was 45.7 MSEK (31.4), an operating margin of 12.9% (9.8%). · Earnings per share were 2.45 SEK (1.77). · Cash flow after investments was 74.6 MSEK (54.0). January-September 2020 · Net sales were 1,140.2 MSEK (969.4), an increase of 17.6% from the equivalent period in 2019. Organic growth was 7.4% for the period. · Operating income increased to 137.0 MSEK (71.6), an operating margin of 12.0% (10.

Dividend approved by the Extraordinary General Meeting

At today’s Extraordinary General Meeting the shareholders unanimously approved the proposed dividend of 3.50 SEK per share with a record date of 1 October 2020. For further information, please contact: Fredrik Skarp, CEO, Tel: +46 (0)250 596 405.Martin Gallacher, CFO, Tel +46 (0)250 596 225. This information is such that FM Mattsson Mora Group AB (publ) must disclose pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 17:00 CET on 29 September 2020. FM Mattsson Mora Group

Interim report January-June 2020

April-June 2020 · Net sales were 364.9 MSEK (348.2), an increase of 4.8% from the equivalent quarter in 2019. Organic growth was -0.9% for the period. · Operating income were 35.0 MSEK (32.1), an operating margin of 9.6% (9.2). · Earnings per share were 0.10 SEK (1.63). The change is mainly due to an adjusted estimate of the earn-out consideration for Hotbath which has preformed above expectations. · Excluding the change in earn-out consideration, earnings per share were 1.96 SEK (1.63). · Cash flow after investment was 16.6 MSEK (-114.1). January-June 2020 · Net

FM Mattsson Mora Group AB proposes dividend

Due to the uncertainty arising from Covid-19 the board withdrew its proposal to pay a dividend in May 2020 with the intention of evaluating the situation later in the year. The board now considers that, thanks to the group’s strong performance and liquidity, that conditions are suitable to pay a dividend according to the original proposal. Therefore, the board has decided to call an extraordinary general meeting on 29 September 2020 to decide on a proposed dividend of 3.50 SEK per share. This is within the allowable range according to the equity included in the balance sheet which was

Interim report January-March 2020

January-March 2020 · Net sales were 419.9 MSEK (299.3), an increase of 40.3% from the equivalent quarter in 2019. Organic growth was 11.8% for the period. · Operating income increased to 56.3 MSEK (39.5), an operating margin of 13.4% (13.2). · The acquired business Hotbath contributed 83.8 MSEK to net sales and 16.0 MSEK to operating profit after amortisation of customer relationships. · Earnings per share were 3.00 SEK (2.28), an increase of 31.6% from the equivalent period in 2019. · Cash flow after investments was 23,9 MSEK (-1.0). Significant events during and after

FM Mattsson Mora Group withdraws proposal of dividend

In light of the current uncertainty as a result of the spread of the coronavirus, the board of FM Mattsson Mora Group AB (publ) has decided to withdraw the previously published dividend proposal for the 2020 Annual General Meeting. The Board intends to evaluate the situation later this year and, if suitable conditions are prevalent, call an Extraordinary General Meeting to decide on a potential dividend. For further information, please contact:Fredrik Skarp, CEO, Tel: +46 (0)250 596 405.Martin Gallacher, CFO, Tel +46 (0)250 596 225. This information is such that FM Mattsson Mora

Year end report January-December 2019

October-December 2019 · Net sales were 344.1 MSEK (279.1), an increase of 23.3% from the equivalent quarter in 2018. · Operating income increased to 14.1 MSEK (15.8), an operating margin of 4.1% (5.7). During the quarter there were one-off costs of 8.2 MSEK (0.0),  mainly relating to the closure of the assembly operation in Denmark. · The acquired business Hotbath contributed 73.0 MSEK to net sales and 6.1 MSEK to operating profit after amortization of intangible assets. · Earnings per share were 0.68 SEK (0.89). · Cash flow after investments was 54.3 MSEK (42.9).

FM Mattsson Mora Group Danmark ApS is moving to a new location

In the fourth quarter of 2020 the head office of FM Mattsson Mora Group Danmark ApS will be moved to a new location in South West Odense. The new premises will be the base for warehousing and logistics, product development, sales and administration. As part of the move the product assembly operation will be discontinued and, in future, finished products will either be sourced directly from suppliers or via the group’s factory in Mora, Sweden. “This change will create a more streamlined and focused operation with a more flexible cost base. It will allow us to further enhance the offering

Interim report January-September 2019

July-September 2019 · Net sales were 321.9 MSEK (265.4), an increase of 21.3% from the equivalent quarter in 2018. · Operating income increased to 31.4 MSEK (26.7), an operating margin of 9.8% (10.1). In the equivalent quarter in 2018 there were one off costs of 3.5 MSEK. · The acquired business Hotbath contributed 61.2 MSEK to net sales and 10.6 MSEK to operating profit after amortisation of intangible assets.   · Earnings per share were 1.77 SEK (1.49). · Cash flow after investments was 47.8 MSEK (44.5). January-September 2019 · Net sales were 969.4 MSEK (859.0),

Interim report January-June 2019

April-June 2019 · Net sales were 348.2 MSEK (313.6), an increase of 11.0% from the equivalent quarter in 2018. · Operating income increased to 32.1 MSEK (22.0), an operating margin of 9.2% (7.0). · Earnings per share were 1.63 SEK (1.26). · Cash flow after investments was -114.1 MSEK (18.1). January-June 2019 · Net sales were 647.5 MSEK (593.6), an increase of 9.1% from the equivalent period in 2018. · Operating income increased to 71.6 MSEK (38.8), an operating margin of 11.1% (6.5). · Earnings per share were 3.90 SEK (2.24). · Cash flow after investments was

Change in number of shares and votes in FM Mattsson Mora Group

During June 2019, 442,193 Class B shares have been registered with the Swedish Companies Registration Office. The issued shares form part of the consideration for the acquisition of Hot Bath B.V. as communicated on 13 and 14 May 2019. The total number of votes in the company thereafter amounts to 32,094,293. The total number of registered shares in FM Mattsson Mora Group amounts to 13,887,293 after the conversion, of which 2,023,000 are Class A shares and 11,864,293 are Class B shares. For further information, please contact: Fredrik Skarp, CEO, Tel: +46 (0)250 596 405. Martin

Completion of acquisition of Hot Bath B.V.

Following the press release of 13 May 2019, FM Mattsson Mora Group has today completed the acquisition of Hot Bath B.V. It remains for the sellers to subscribe for shares of series B in the Company corresponding to 3.5 million euros to be paid through set-off. For further information, please contact: Fredrik Skarp, CEO, Tel: +46 (0)250 596 405. Martin Gallacher, CFO, Tel +46 (0)250 596 225. This information is such that FM Mattsson Mora Group AB (publ) must disclose pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of

Set-off issue for the acquisition of Hot Bath B.V.

As part of the acquisition of Hot Bath B.V. the board has today, based on its authorization, resolved upon an issue of new shares of series B corresponding to 3.5 million euros to the sellers. The subscription price corresponds to a volume weighted average price of the Company´s shares of series B, during the period 26 April – 27 May 2019 (exclusive of the 2018 dividend) converted to euros in accordance with an agreed exchange rate. Subscription must take place between 29 – 31 May 2019 when payment shall be made through set-off against debts comprising 3.5 million euros.   For further

Acquisition of Hot Bath B.V. by FM Mattsson Mora Group

FM Mattsson Mora Group (“the Group”) has agreed the acquisition of Hot Bath B.V. (“Hot Bath”), one of the market leading suppliers of kitchen and bathroom taps and shower systems to specialist outlets primarily in the Netherlands, together with selected international markets. Hot Bath’s products are produced in Italy and known for both high quality and design and in 2018 the business delivered revenue of €20.5m, employing 37 people. The acquisition of Hot Bath represents a key step in the Group’s growth strategy: acquiring a fast-growing brand with a complementary product portfolio and a

Interim report January-March 2019

January-March 2019 · Net sales were 299.3 MSEK (280.1), an increase of 6.9% from the equivalent quarter in 2018. · Operating income increased to 39.5 MSEK (16.8), an operating margin of 13.2% (6.0). · Earnings per share were 2.28 SEK (0.98). · Cash flow after investments was -1.0 MSEK (-0.2). Significant events during and after the quarter · Mikael Östbring left his post as Nordic sales and marketing director in January. · Ole Sander left his post as International sales and marketing director and managing director FMMMG Denmark in April. Statement from the CEO

Year end report January-December 2018

October-December 2018 · Net sales were 279.1 MSEK (274.8), an increase of 1.6% from the equivalent quarter in 2017. · Operating income increased to 15.8 MSEK (13.1), an operating margin of 5.7% (4.8). · Earnings per share were 0.89 SEK (0.71). · Cash flow after investments was 42.9 MSEK (35.4). January-December 2018 · Net sales were 1,138.1 MSEK (1,125.9), an increase of 1.1% compared to the equivalent period in 2017. · Operating income was 81.3 MSEK (93.2), an operating margin of 7.1% (8.3). There were one off costs of 7.8 MSEK (3.9). · Operating income before

Management changes at FM Mattsson Mora Group

Ole Sander, International Sales and Marketing Director and CEO of FM Mattsson Mora Group Danmark, today announced that he intends to leave his position after six years in the company. Ole Sander has been a member of the group management team of FM Mattsson Mora Group since 2013 and leaves his position on 30 April 2019. “It has been a pleasure to lead the Danish and International part of the FM Mattsson Mora Group for 6 years. It has been an exciting and rewarding experience but a new chance in my career has been offered to me which I couldn’t turn down. I am sure that FM Mattsson Mora

Management changes at FM Mattsson Mora Group

Mikael Östbring, Nordic sales and marketing director of FM Mattsson Mora Group, today announced that he intends to leave his position with immediate effect. A recruitment process will be initiated in order to appoint his successor as soon as possible.Mikael Östbring has been a member of the group management team of FM Mattsson Mora Group since 2017. Fredrik Skarp will take over the role of Nordic sales and marketing director until a permanent solution has been found."I thank Mikael for his contribution and wish him good luck. The group has continued to grow and the brands have been

Interim report January-September 2018

July-September 2018 · Net sales were 265.4 MSEK (256.9), an increase of 3.3% from the equivalent quarter in 2017. · Operating income increased to 26.7 MSEK (21.8), an operating margin of 10.1% (8.5). There were one off costs of 3.5 MSEK (0) during the quarter. · Operating income before one off costs increased to 30.2 MSEK (21.8). · Earnings per share were 1.49 SEK (1.34). · Cash flow after investments was 44.5 MSEK (27.5). January-September 2018 · Net sales were 859.0 MSEK (851.0), an increase of 0.9% compared to the equivalent period in 2017. · Operating income

Nomination Committee for FM Mattsson Mora Group’s 2019 Annual General Meeting

In accordance with the resolution by a previous Annual General Meeting for FM Mattsson Mora Group AB, the Nomination Committee shall consist of one representative of each of the three largest shareholders. When determining the largest shareholders in the company, consideration must be given to ownership, based on groups of shareholders that collaborate. If any of these shareholders choose to renounce from their right to appoint a representative, the right to appoint a representative shall pass to the largest shareholder in turn in terms of votes which is not already entitled to be

Change in number of shares and votes in FM Mattson Mora Group

According to the articles of association of FM Mattsson Mora Group AB (publ) (“FM Mattsson Mora Group” or the “Company”), owners of Class A shares have the right to have such shares converted to Class B shares. Conversion reduces the total number of votes in the Company. During September 2018, after request from a shareholder, a conversion of 1,700 Class A shares to Class B shares has been registered with the Swedish Companies Registration Office. The total number of votes in the Company thereafter amounts to 31,652,100.The total number of registered shares in FM Mattsson Mora Group

Organizational efficiency program initiated

FM Mattsson Mora Group is upping the pace of its drive to increase the group's efficiency to combat continued external and internal factors that affect the group's earnings. Today, a redundancy program is being presented to streamline the organization by reducing the number of employees by approximately 35. The company had around 530 employees in 2017. The company’s development in terms of sales and profitability has been weaker than expected. As communicated in the first quarter report on 4 May 2018, the group is addressing this through proactive investments within sales and marketing.

Weak start to the year leads to lower first quarter profit in 2018

Net sales for FM Mattsson Mora Group in the first quarter of 2018 were approximately 4 percent lower than in the same period last year. The operating profit is expected to be approximately SEK 16.5 million compared to SEK 32.0 million in the same period in 2017. The main factors are lower sales volume and lower efficiency in production. Negative currency effects and higher sales costs due to increased market activities also impacted results negatively. Significant initiatives have been made within sales and marketing, specifically an increased number of sales personnel and increased

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