17 October 2023

QUARTERLY REPORT

January - September 2023

Elanders today

AMERICAS

~15

~1,000

LOCATIONS

EMPLOYEES

EUROPE

~80

~5,000

LOCATIONS

EMPLOYEES

ASIA

~20

LOCATIONS

~1,500

EMPLOYEES

~20%

SHARE OF NET SALES

~60%

SHARE OF NET SALES

~20%

SHARE OF NET SALES

THE GROUP

>7,000

~20

EMPLOYEES

COUNTRIES

€ ~1,4 B

ANNUAL NET SALES

>100

LOCATIONS

2

Elanders' customer segments

Our customer segments' approximate share of total net sales*

28%

26%

20%

12%

4%

10%

Fashion

Electronics

Automotive

Industrial

Health Care

Other

*As a percentage of rolling 12 months total net sales as of September 30, 2023

3

Operational highlights and financials Q3, 2023

4

Third quarter 2023

A challenging market

- All regions and majority of our customer segments are now showing softer demand.

- Despite lower demand, the Group's EBITA margin improved.

Negative organic growth, mainly due to a normalization of freight prices within the Air & Sea freight forwarding operations

Significantly improved cash-flow / cash conversion

- Adjusted for dividend and currency effects, net debt (excluding IFRS 16 effects) has decreased by SEK 400+ million this year.

- Working capital has decreased by SEK 200+ million this year.

Current net debt and high interest rates put pressure on the bottom line

5

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Disclaimer

Elanders AB published this content on 17 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 October 2023 13:24:32 UTC.