INTERIM REPORT JANUARY - JUNE 2023

Good performance in the gardening season  Second quarter 2023 · Net sales increased by 7% to SEK 16,976m (15,792). Organic sales were relatively unchanged and changes in exchange rates contributed with 7%. · Operating income was SEK 2,101m (2,065) and the operating margin was 12.4% (13.1). Excluding items affecting comparability, the operating income amounted to SEK 2,313m (2,075) and the operating margin was 13.6% (13.1). · Items affecting comparability amounted to SEK -212m (-10), and was related to the acceleration of the strategic transformation, announced in October 2022.