ByggPartner Gruppen AB (publ)

Välkomna till Big Partner Gruppens presentation av Bokslutskommuniké 2025. Med oss idag har vi vd Sture Nilsson och CFO Karin Mellegård-Järf. Under första delen av mötet är deltagarna i lyssnarläge och därefter kommer det finnas tid att ställa frågor till talarna. Under frågestunden kan deltagarna ställa frågor genom att trycka, fyrkant 5, på sin telefon eller använda rutan under presentationen på webben. Jag lämnar nu över ordet till vd Sture Nilsson. Varsågod.

Tack så mycket. Ja, Sture Nilsson heter jag. Vd, konsernchef för byggpartnergruppen. Och på andra sidan bordet här har jag Karin Mellegård, CFO. Tack för att ni vill lyssna på oss under en stund här nu. Vi vill gärna presentera Q4 och avsluta också hur hela året på byggpartnergruppen har rullat igenom. Så att vi börjar. And then I'll take a first picture that I like to repeat since the old days, that it's a short description of Byggpartigruppen. You probably recognize it, because it hasn't happened to bigger things on that side. But as I said before, we are a cleanly grown entrepreneur, who primarily through three large companies, runs a strong locally anchored business, where entrepreneurship is the foundation that we want to lift forward in our business. Vi är etablerade i Mellansverige genom Byggpartner. Där är framförallt Dalarna som är den absolut största basen för oss. Vi finns som det ledande bolaget i Östergötland genom Olin Ekeroth. Sedan har vi närvaro efter hela västkusten genom Flodéns. Totalt är vi drygt 900 medarbetare och vi omsätter nu på året 2025. Over 5 billion, so they end up with 5.1 billion this year. Among our focus areas, we would like to highlight what actually characterizes 60% of our business, and that is that we work in collaboration and partnering. The reason for this is that we strive to develop the conditions for a project together with our customers. in an early stage, and then work in open cooperation during construction time. So collaboration is a core issue with us today. Then when it comes to tree building, sustainability, you can say that tree building, which is an important part for us, is also perhaps our most important contribution to sustainable development in our industry. And there we also have a combined core competence through one of our core companies called Dalarusgruppen. under the building partner segment today. I would like to summarize the quarter. I am very pleased with how we are concluding the year. When I go through the fundamentals of the economy, I realize that it is easy to repeat the message that we have had throughout the year when it comes to order entry and result development. But it is also a goal in itself that we should experience as stable in our development. And it is a challenge for the construction industry to have that impact. And it has been important for us that we want to experience as a stable company. I think we have shown during these quarters this year and also this last quarter that the stability continues. So before Karin comes in on economic development, I would like to highlight the overall picture. And that is that we have continued another quarter with a strong order intake and that our order stock is still at a high level, 4.5 billion. In addition to the order stock, we have a really interesting and good base of initiating what we call phase 1 collaboration in collaboration. And there we have a long-term order potential of up to 5 billion, which is long-term that we believe is a deal for us. So that's beyond the order block. The turnover, after this strong order start this year, we have seen in the last two quarters that even our turnover and production volume is increasing. We also have an increase in turnover in the quarter. Resultatet som vi mäter i vita uppgick till 55 miljoner och det är ju en förbättring mot förrgående år och det är faktiskt vårt högsta resultat någonsin i koncernen. Sedan avslutar vi året med ett mycket starkt kassaflöde som uppgår i kvartalet till redan 195 miljoner. Det innebär att We have now turned our previous net debt into a net cash, a positive net cash for the year. And we are incredibly happy that we have that development. And then I can say right now that based on this financial situation, the board proposes a division of 75 euros per share. It's a bit of an overarching picture of what the quarter looks like, and Kare will come back to that. If I look at which projects, I think it's still fun to show a little bit of the projects that are current for us now. Then I can start to say that some examples of current projects are among other things that we, in cooperation with the Fortification Agency, have started a reconstruction up in Älvdalen. We have a command hotel where we will renovate this completely and it has been started now during the winter. Vi har tidigare höst flaggat för att vi inledde ett samarbete med Saab i Linköping. Och nu i december, sent i december, så tecknar vi ett fas 2-avtal där vi faktiskt producerar en orderingång med Saab i Linköping för att bygga ett nyt kontor för uppåt 900 medarbetare. Så där har vi gått från fas 1 till nu fas 2 och vi har orderiserat då i kvartalet 350 miljoner som vi bedömer är storleken på det här projektet. And it is full pressure on this, as much in Saab today, in the expansion they are dealing with. So this is a very interesting project for us that we are fully engaged in now. Then just a current picture of our large school building in Halmstad. And there is land and foundation work going on fully today. And we are soon on the move to go over to a large building nation in that. And it was a project that started this fall, which is estimated at about 470 million. So it's a really big project in Halmstad, but also out of the school business that we have good experience of and have worked a lot with in Flodens than before. Then more examples of collaboration projects that occur, both in Motala with the housing department in Platen, We are working in the long run with Varbergs Bostad and renewing housing there. And then we have, as I mentioned earlier, we are still in phase one of the design of Gävle Hospital, a large project. This means that we can go into a production phase later this year. This is a collaboration project as an example. We are also looking forward to the many tree building projects that are taking place today. Some examples here are that we are far ahead of Maserhallen in Borlänge, the new production of a sports hall. We are also building a new production in Motala by the office with a tree stump as the foundation. We have also started a while ago with a new project at Skradro, an elderly resident in the city of Gothenburg, which is also characterized by a large number of tree buildings and with an ambitious climate ambition in that project. So it's a bit of a project that we're dealing with now, so I thought I'd hand it over to Karin so she can go into the numbers again.

Absolutely, thank you. When we start to look at our order entry, we see that it continues to be very strong even in quarter 4 and goes up to approximately 1.3 billion. This is almost a doubling compared to the same quarter previous year. And if we sum up the order entry for 2025, it is also at record high levels and ends at almost 6.4 billion, which we will compare with 3.4 billion at the beginning of 2024. Vår orderstock visar vår framtida produktionsvolym bekräftade åtaganden. När vi stänger 2025 så uppgår den till drygt 4,5 miljarder vilket ska jämföras med 3,2 miljarder året innan. Sture kommenterade ju precis det här att i vår orderstock så finns det också en stor andel pågående fas 1-projekt. By the end of 2025, these savings will be close to SEK 5 billion. This means that the total potential volume of future investments will exceed SEK 9 billion, which gives us a very stable basis for the future. Men vi vill ändå fortsätta och poängtera att vi fortsätter tillämpa vår selektiva strategi i valet av vilka projekt som vi kalkylerar på. För tillsammans med vår prioritering av samverkansprojekt innebär det att vår nuvarande projektportfölj har en hög lönsamhetspotential med lägre risknivå. I slutet på 2025 uppgår andelen samverkansprojekt till 61%. Fördelningen av vår orderstock förändras ju över tid beroende på vilka projekt som vi erhåller. Och vid utgången av kvartal 4 så ser vi en ganska jämn fördelning mellan samhällsfastigheter och kommersiella fastigheter. Där samhällsfastigheter utgör 45% av orderstocken medan kommersiella står för 47%. Vår exponering mot hyresfastigheter uppgår till 7%. If we move on and look at our turnover in the quarter, it goes up to roughly 1.5 billion, which means an organic growth of nearly 13%. This growth is a result of our strong orders during the year. For the whole year, 2025, our turnover now exceeds 5 billion, which means that we have nearly 8% in organic growth. Hoppar vi över till vårt rörelseresultat före räntor, amorteringar och skatt så fortsätter det att successivt förbättras, vilket även vår lönsamhet gör. Vi ser en stabilitet i vår verksamhet och för elfte kvartalet i rad så redovisar vi ett positivt resultat med en successivt förbättrad marginal. Sture mentioned earlier that the result in the quarter is up to SEK 55 million, which is equivalent to a margin of 3.5%. This improvement is over 20% when compared with the fall in Q4 2024, when it went up to SEK 45 million. I will also come back to this, but if you zoom out and look at the full-year figures, we have a full-year result of 185 million kronor in 2025 compared to 2021-2024, and that is an increase of over 50%. What is also worth noting is that all segments improve their results both in the quarter and in the whole year. Vår finansiella ställning fortsatte att förstärkas under kvartalet. Kassaflödet från den löpande verksamheten uppgick till plus 195 miljoner. Kassaflödet beror ju på förändringen i rörelsekapitalet och i byggföretag så präglas det av stora variationer mellan kvartalen. And it affects both the degree of improvement as a type of project. But our assessment is that the cash flows from the ongoing business should continue to develop positively and follow our result development even in 2026. The solidity is improved to 32.2% and our debt rate has risen to minus 0.2. This means that we have a net cash flow of 58 million. Det var koncernens studie. Nu hoppar vi över till segmenten.