Sogefi (SGF) TP ICAP Midcap Conference presentation summary

Q1 2026 financial performance

• Revenues reached €250.2m, down 2.3% year-on-year, but up 0.7% at constant exchange rates, with growth in Europe, North America, and India offsetting declines in China and South America.

• EBITDA increased to €36.4m from €33.8m, and EBIT rose to €17.2m from €15.1m, with adjusted EBIT margin improving to 6.9%.

• Net income was €10.9m, with operating activities net income at €11.7m, both higher than Q1 2025.

• Free cash flow (FCF) improved to €14.3m, and net financial position (NFP) was €4.8m, reflecting lower use of factoring.

• Net debt including IFRS16 decreased to €48.6m at March-end, down from €56.3m at end-2025.

Sales by geography and business unit

• Europe and North America outperformed their respective markets, with Europe up 3.5% and North America up 1.0% at constant FX.

• India saw strong growth (+19.9%), while China and South America declined in line with or below market trends.

• Air & Cooling sales grew 3.1% at constant FX, driven by new projects in Europe (+10.4%) and growth in North America.

• Suspensions were stable in Europe, up in India, but declined in South America and China.

Business transformation and e-mobility

• Nearly half of new contracts in Q1 2026 were related to e-mobility for both Air & Cooling (49%) and Suspensions (46%).

• Air & Cooling expanded its portfolio with new EV cooling solutions and secured contracts in North America, China, and India.

• Customer portfolio broadened to include Chinese and North American pure electric OEMs, battery manufacturers, and new market entrants.

• 31% of 2025 sales were for e-mobility (hybrid + fully electric vehicles).