Automotive

“Europe’s largest independent automotive remanufacturing company”

Annual report 2025A · The company itself

“Sells to distributors and OE customers for almost all car makes”

Annual report 2025A · The company itself

“In the fourth quarter of 2025, Borg Automotive experienced continued weak demand in the Reman segment and extremely fierce price competition across most markets. Revenue for the quarter totalled DKK 325 million, which was DKK 105 million below the level of the same period of 2024.”

Annual report 2025A · The company itself

“80%OWNED Europe’s largest independent automotive remanufacturing company. Sells to distributors and OE customers for almost all car makes.”

Annual report 2025A · The company itself

“Growth is expected, in particular, within construction equipment, material handling, commercial vehicles, and defence, while demand in the forestry segment is expected to remain subdued in 2026.”

Annual report 2025A · The company itself

“Borg Automotive offers a full product range by also supplying a range of new products to complement remanufactured items.”

Annual report 2025A · The company itself

“Nonwovens are fibre sheets produced on high-tech processing equipment with various purpose-specific postprocessings. The processed materials have a broad range of different industrial applications, including in the automotive and construction industries as well as filtration solutions. Further, Fibertex Nonwovens produces nonwovens textiles for special-purpose disposable wipes for hygiene, cleaning and other purposes.”

Annual report 2025A · The company itself

“Regained sales to the auto industry in Europe combined with a continued increase in sales of products for filtration solutions and products for the Med- Tech industry also added to revenue.”

Annual report 2025A · The company itself

“Borg Automotive is Europe’s largest independent automotive remanufacturing business, and its primary business activity is to remanufacture defective spare parts and sell them in the B2B market. 81% of Borg Automotive's revenue is generated by remanufacturing parts.”

Annual report 2025A · The company itself

“Asumisen, liikkumisen ja yritystiedon digitaaliset palvelut vahvistivat asemaansa, vaikka perusmarkkinat – erityisesti asuntokauppa ja uusien autojen myynti – pysyivät volyymiltaan vaimeina.”

Annual report 2025A · The company itself

“Tilikauden loppua kohden autojen myynti pysyi vakaana ja vuoden viimeisellä neljännekselle uusien autojen rekisteröinnit vähenivät 3,4 %. Asumisen markkinakehitys Kiinteistönvälitysalan Keskusliiton mukaan vuoden 2025 asuntokauppamäärät kasvoivat yhteensä 10,7 % 58 282 asuntokauppaan.”

Annual report 2025A · The company itself

“Negatiivisia vaikutuksia syntyy erityisesti mainosmarkkinan laskun sekä markkinavolyymien lasku (kysyntä tai tarjonta) konsernin merkittävillä liiketoiminta-alueille rekrytoinnissa, asumisessa tai autoilussa.”

Annual report 2025A · The company itself

“Yhtiö hyödyntää dataa ja teknologiaa kehittäessään ratkaisuja erityisesti asumisen, autoilun, rekrytoinnin, yritystiedon ja juridiikan palveluissa ja mediassa.”

Annual report 2025A · The company itself

“Alma Marketplaces • Johtavat asumisen, liikekiinteistöiden ja liikkumisen markkinapaikat. • Asunto- ja autokaupan järjestelmät. • Digitaaliset tietopalvelut. • Vertailupalvelut. • Toimii Suomessa ja Ruotsissa.”

Annual report 2025A · The company itself

“Mobility-liiketoimintayksikkö muodostuu johtavista autoilun markkinapaikoista, kuten Nettiautosta ja Autotalli.comista, sekä ajoneuvovertikaaleista, kuten Nettimotosta ja Nettikoneesta. Yksikkö tarjoaa myös autokaupan järjestelmiä ja tietopalveluja sekä huutokauppapalveluja, kuten Autohuuto, Tukkuautot.fi ja Baana.”

Annual report 2025A · The company itself

“Näillä alueilla olennaisia kestävyyden näkökulmasta ovat erityisesti palvelut, jotka tukevat markkinoiden läpinäkyvyyttä, riskienhallintaa, sääntelyn noudattamista ja vastuullista päätöksentekoa.”

Annual report 2025A · The company itself

“Alma Median digitaaliset markkinapaikat keskittyvät rekrytointiin, asumiseen, toimitiloihin, autoiluun sekä yritys- ja juridisen tiedon palveluihin.”

Annual report 2025A · The company itself

“The semiconductor industry is driven by demand for advanced electronic products, including smartphones and other mobile devices, servers, personal computers, automotive electronics, storage, and other products. The growth of data and emerging end-market drivers such as artificial intelligence, the internet of things, robotics and smart vehicles are also creating the next wave of growth for the industry.”

Annual report 2025A · The company itself

“Our customers’ products are used across personal computing devices, mobile phones, artificial intelligence (AI) and data center servers, automobiles, connected devices, industrial applications and consumer electronics.”

Annual report 2025A · The company itself

“Cost-cutting initiatives adopted by our customers result in increased downward pressure on pricing. Our customer supply agreements generally require step-downs in component pricing over the period of production, typically one to three percent per year. In addition, our customers often reserve the right to terminate their supply contracts for convenience, which enhances their ability to obtain price reductions.”

Annual report 2025A · The company itself

“Our inability to forecast the level of customer orders with certainty makes it difficult to schedule production and maximize utilization of manufacturing capacity. We rely on third-party suppliers for components used in our products, and we rely on third-party manufacturers to manufacture certain of our assemblies and finished products.”

Annual report 2025A · The company itself

“A drop in the market share and changes in product mix offered by our customers can impact our revenues. We are dependent on the continued growth, viability and financial stability of our customers.”

Annual report 2025A · The company itself

“Any significant disruption in our supplier relationships, particularly relationships with sole-source suppliers, could harm our profitability. Some of our suppliers may not be able to handle commodity cost volatility and/or sharply changing volumes while still performing as we expect.”

Annual report 2025A · The company itself

“Automation. In the automotive industry, Automation refers to safety, comfort and convenience features. OEM customers continue to focus on improving vehicle occupant and vulnerable road user safety to meet increasingly stringent regulatory requirements in various markets. As a result, suppliers are focused on developing technologies aimed at protecting vehicle occupants when a crash occurs, with advanced driver assistance systems that reduce driver distractions, as well as automated safety features that proactively mitigate the risk of a crash occurring, such as lane departure warning and centering systems.”

Annual report 2025A · The company itself

“Digitalization. In the automotive industry, Digitalization refers to connectivity, software-defined solutions, and the ability to evolve and improve over a vehicle’s lifecycle in response to consumer demand for greater safety, personalization, productivity and convenience features. This shift, in turn, is driving increased demand for electrical and electronic architecture as the foundation for this content.”

Annual report 2025A · The company itself

“•Advanced Safety includes solutions that enable advanced safety features and vehicle automation, as well as radar, vision and other sensing technologies. •User Experience enables in-cabin solutions around infotainment, driver interface and interior sensing. •Smart Vehicle Compute and Software consists of zone control and centralized compute platforms, as well as edge-to-cloud DevOps tools.”

Annual report 2025A · The company itself

“We are one of the largest vehicle technology suppliers and our customers include the 25 largest automotive original equipment manufacturers (“OEMs”) in the world, as well as many of the leading aerospace and defense companies and global telecom operators.”

Annual report 2025A · The company itself

“Segment Competitors Advanced Safety and User Experience • Bosch Group • Aumovio Se • Denso Corporation • Gentex Corporation • Harman International (a subsidiary of Samsung Electronics) • Mobileye • Nutanix • Red Hat • Valeo Engineered Components Group • Amphenol Corporation • Molex, LLC (a subsidiary of Koch, Inc.) • TE Connectivity plc Electrical Distribution Systems • Furukawa Electric Co., Ltd. • Lear Corporation • Sumitomo Electric Industries, Ltd. • Yazaki Corporation 9 Table of Contents Customers We sell our products and services to the major global OEMs in every region of the world.”

Annual report 2025A · The company itself

“Our ten largest customers accounted for approximately 56% of our total net sales for the year ended December 31, 2025, which included approximately 10% to an individual Global OEM.”

Annual report 2025A · The company itself

“Our customers generally are OEMs in the automotive industry.”

Annual report 2025A · The company itself

“Declines in the market share or business of our five largest customers may adversely impact our revenues and profitability. Our five largest customers accounted for approximately 42% of our total net sales for the year ended December 31, 2025.”

Annual report 2025A · The company itself

“Aptiv operates its core business along the following operating segments, which are grouped on the basis of similar product, market and operating factors: •Advanced Safety and User Experience, which includes platforms and modular offerings, such as intelligent sensors, high-performance compute, and advance software tools and services. •Engineered Components Group, which includes connection systems, high-performance interconnects, and cable management and protection solutions that optimize the distribution of power, signal and data for next-generation applications across multiple end markets.”

Annual report 2025A · The company itself

“Although production parts are highly customized with no alternative use, Aptiv does not have an enforceable right to payment as customers have the right to cancel a product program without a notification period.”

Annual report 2025A · The company itself

“Order volumes for industrial assembly and vision solutions to the automotive industry decreased, primarily driven by lower investment levels among car manufacturers in Asia and Europe.”

Annual report 2024A · The company itself

“Middle East, 1% Europe, 15% Africa/ South Process industry, 28% Automotive, 2% Process industry, 25% Compressor Technique The Compressor Technique business area provides compressed air and gas solutions such as industrial compressors, gas and process compressors and expanders, air and gas treatment equipment, air management systems, and service through a global network.”

Annual report 2024A · The company itself

“Share of revenues, Group Orders received by customer category, Group Service, 43% Equipment, 57% Service (Specialty Rental), 28% Industrial Technique The Industrial Technique business area provides industrial power tools, assembly and machine vision solutions, quality assurance products, and service through a global network.”

Annual report 2024A · The company itself

“Customers are found in industries such as the automotive industry, off-highway vehicles, the electronics industry, aerospace, appliances, the energy sector, and general industrial manufacturing.”

Annual report 2024A · The company itself

“In July, the Industrial Technique business area acquired Swed-Weld AB (“Swed-Weld”), a Swedish provider of smart automated screw and nut feeding systems with focus on the automotive industry. Swed-Weld's products are designed with a special focus on high productivity in the automated assembly process and are specifically used by the automotive industry.”

Annual report 2024A · The company itself

“(”Mont-Tech”), a Czech engineering company offering customized engineering solutions for assembly automation, was acquired. With this acquisition Atlas Copco will further strengthen its competence and know-how of assembly automation and better serve its customers in this area and geographic region.”

Annual report 2024A · The company itself

“In November, the business of Air Way Automation Ltd (“Air Way”), a USA supplier of automated bolt feeding solutions to the automative and general industries, was acquired. This acquisition will further strengthen Industrial Technique’s offering in the area of automation.”

Annual report 2024A · The company itself

“The automotive passive safety market is driven by two primary factors: light vehicle production (LVP) and content per vehicle (CPV).”

Annual report 2024A · The company itself

“Since 1997, the Company’s sales compound annual growth rate (CAGR) for passive safety has been around 5% compared to the market rate of around 2.7% which includes an LVP growth of around 1.8%. The Company's outperformance is a result of a steady flow of new passive safety technologies, strong focus on quality and a superior global footprint both in products and engineering.”

Annual report 2024A · The company itself

“In the next three years, all LVP growth is expected to come in medium- and low-income regions with lower CPV, leading to a dilution of the average global CPV. Despite this negative regional LVP mix effect, the annual passive safety market (seatbelts and airbags, including steering wheels), is expected to grow from around $23 billion in 2024 to more than $25 billion over the next three years, based on the current macro-economic outlook and the Company's internal market intelligence and estimates.”

Annual report 2024A · The company itself

“In 2024, the Company's top five customers represented around 44% of its consolidated net sales and the Company's top ten customers represented around 71% of its consolidated net sales.”

Annual report 2024A · The company itself

“In the U.S., federal legislation requires frontal airbags on the driver-side and the passenger-side of all new passenger cars, sport utility vehicles, pickup trucks, and vans.”

Annual report 2024A · The company itself

“A delivery contract is typically for the lifetime of a vehicle model, which is normally between five and seven years depending on customer platform sourcing preferences and strategies. For information on the Company's dependence on customers, see “Risk Factors – Our business could be materially and adversely affected if we lost any of our largest customers or if they were unable to pay their invoices” in Item 1A of this Annual Report, and “Dependence on Customers” under the section “Strategic Risks” in Item 7 of this Annual Report, and Note 20 “Segment Information” to the Consolidated Financial Statements Customer sales trends Asian vehicle producers have steadily become increasingly important, mainly driven by growth with Japanese and Chinese OEMs.”

Annual report 2024A · The company itself

“The discontinuation, lack of commercial success, or loss of business with respect to a particular vehicle model for which we are a significant supplier could reduce our sales and harm our business A number of our customer contracts generally require us to supply a customer’s annual requirements for a particular vehicle model and assembly facilities, rather than for manufacturing a specific quantity of products. Such contracts range from one year to the life of the model, which is generally four to seven years.”

Annual report 2024A · The company itself

“Escalating pricing pressures from our customers may adversely affect our business The automotive industry continues to experience aggressive pricing pressure from customers. This trend is partly attributable to the major automobile manufacturers’ strong purchasing power.”

Annual report 2024A · The company itself

“Our business could be materially and adversely affected if we lost any of our largest customers or if they were unable to pay their invoices We are dependent on a few large customers with strong purchasing power. This is the result of customer consolidation in the last few decades. In 2024, our top five customers represented around 44% of our consolidated sales, and our largest customer contract accounted for around 4% of our consolidated sales.”

Annual report 2024A · The company itself

“Our inability to effectively manage the timing, quality and costs of new program launches could adversely affect our financial performance To compete effectively in the automotive supply industry, we must be able to launch new products to meet our customers’ timing, performance, and quality standards. At times, we face an uneven number of launches and some launches, for various reasons, may have shortened launch lead times.”

Annual report 2024A · The company itself

“Significant changes in the United States Mexico Canada Agreement (USMCA) could adversely affect our financial performance The U.S., Mexico and Canada entered into the USMCA, a successor to the North American Free Trade Agreement (NAFTA), effective as of July 1, 2020. The USMCA changed the automotive rules of origin that dictate what percentage of an automobile must be built from parts that originated from countries in the NAFTA region. The rules require that at least 75% of parts be made in North America and that 40-45% of an automobile must be made by workers earning at least $16 an hour. Reflective of the automotive industry, our vehicle parts manufacturing facilities in the U.S., Mexico and Canada are highly dependent on duty-free trade amongst the U.S., Mexico, and Canada.”

Annual report 2024A · The company itself

“31 (DOLLARS IN MILLIONS, EXCEPT EPS) Reported 1) change Reported 1) change Global light vehicle production (in thousands) 86,708 (1.2 ) % 87,772 % Consolidated net sales $ 10,390 (0.8 ) % $ 10,475 % % 4.7 % Operating margin, % 9.4 2.8 pp 6.6 (0.9 ) pp % % Earnings per share - diluted 2) 8.04 % 5.72 % 1,059 7.8 % % Return on capital employed, % 25.0 7.3 pp 17.7 0.2 pp 1) Reported figures impacted by costs for capacity alignments and antitrust related matters.”

Annual report 2024A · The company itself

“GROWTH IMPACTED BY LIGHT VEHICLE PRODUCTION AND SAFETY CONTENT PER VEHICLE The most important driver for Autoliv’s sales is the LVP. In 2024, global LVP declined by 1.2%.”

Annual report 2024A · The company itself

“Source: S&P Global, January 2025 The increase in LVP in China of 4.2% was significantly more than what was expected in the beginning of the year, driven mainly by a multitude of successful launches of new models by domestic Chinese OEMs, especially BYD.”

Annual report 2024A · The company itself

“Japan declined by 8.8% impacted by model homologation issues.”

Annual report 2024A · The company itself

“The Company believes that the more stringent crash rating requirements and consumer demand for more safety should enable the global automotive safety market to grow around 1-2 percentage points per year faster than the global LVP in the medium and long term.”

Annual report 2024A · The company itself

“GAAP measure, see reconciliation table below) by 0.4% compared to the global LVP decrease of 1.2% (according to S&P Global, Jan 2025). The 1.6pp outperformance was mainly driven by new product launches, and to a lesser extent higher prices, partly offset by negative customer and model mix.”

Annual report 2024A · The company itself

“Pricing pressure from customers is an inherent part of the automotive components business. The historical extent of price reductions varies from year to year and takes the form of one time give backs, reductions in direct sales prices and/or discounted reimbursements for engineering work.”

Annual report 2024A · The company itself

“The Company relies on internal and/or external suppliers in order to meet its delivery commitments to the customers. In some cases, suppliers are dictated by the customers.”

Annual report 2024A · The company itself

“Increased competition may result in price reductions, reduced margins and the Company's inability to gain or hold market share.”

Annual report 2024A · The company itself

“Authorities in several jurisdictions have conducted broad, and in some cases, long-running investigations of suspected anti-competitive behavior among parts suppliers in the global automotive vehicle industry. These investigations included, but are not limited to, the products that the Company sells.”

Annual report 2024A · The company itself

“In addition, as vehicle manufacturers increasingly use global platforms and procedures, quality performance evaluations are also conducted on a global basis. Any one or more quality, warranty or other recall issue(s) (including those affecting few units and/or having a small financial impact) may cause a vehicle manufacturer to implement measures such as a temporary or prolonged suspension of new orders, which may have a material impact on the Company’s results of operations.”

Annual report 2024A · The company itself

“GAAP measure) of around 1.6pp above growth in global LVP.”

Annual report 2024A · The company itself

“During 2024, growth was positively affected through recent launches of several new models, including Subaru Forester, Hyundai Santa Fe, Nissan Kicks, Dacia Duster, Toyota Landcruiser, Zeekr 7z and Toyota 4Runner.”

Annual report 2024A · The company itself

“GAAP measure, see reconciliation table above) by 0.7% in 2024. The largest contributor to the increase was steering wheels, followed by center airbags, side airbags, inflatable curtains and inflators, partly offset by decreases for passenger airbags, knee airbags and driver airbags.”

Annual report 2024A · The company itself

“Segment Information The Company has a single operating and reportable segment which includes Autoliv’s airbag and steering wheels and seatbelt products and components.”

Annual report 2024A · The company itself

“We develop, manufacture and market protective systems, such as airbags, seatbelts, and steering wheels, for all major vehicle manufacturers in the world.”

Annual report 2024A · The company itself

“Autoliv global market share 44% Global Industry Leader 1) 44% 45% Seatbelts 2015 Building on a long history of collaboration with vehicle manufacturers (OEMs), Autoliv has one of the industry’s most diverse customer bases reflecting a strong position with mass market brands, premium brands, and new entrants to the automotive industry.”

Annual report 2024A · The company itself

“Our ability to consistently outperform market growth is rooted in a strong focus on innovation, quality, and a superior production system serving around 100 car brands globally.”

Annual report 2024A · The company itself

“The Company is a leading developer, manufacturer, and supplier of passive safety systems to the automotive industry with a broad range of product offerings. Passive safety systems are primarily meant to improve safety for occupants in a vehicle. Passive safety systems include modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, pedestrian protection systems, steering wheels, inflator technologies, battery cut-off switches and seatbelts.”

Annual report 2024A · The company itself

“The Company has 62 production facilities in 23 countries and its customers include the world’s largest car manufacturers.”

Annual report 2024A · The company itself

“The Company's drive for excellence is what makes Autoliv the world’s leading supplier of automotive safety systems.”

Annual report 2024A · The company itself

“Although business with any given customer is typically split into several contracts (either on the basis of one contract per vehicle model or on a broader platform basis), the loss of business from any of our major customers (whether by lower overall demand for vehicles, cancellation of existing contracts or the failure to award us new business) could have a material adverse effect on our business, results of operations, and financial condition.”

Annual report 2024A · The company itself

“ORDER INTAKE ADDING TO AN ALREADY STRONG CUSTOMER BASE The Company's order intake in 2024, with high win rates for new platforms with both new and traditional OEMs as well as for both EV and ICE platforms, added to the Company's already strong base, which includes supplying products to more than 1,300 vehicle models and around 100 car brands. The order intake in 2024 supports the Company's ability to defend its around 45% sales market share in the near and medium term.”

Annual report 2024A · The company itself

“During this period the products are engineered into the vehicle to provide the expected protection for occupants in case of a crash and to meet legal and regulatory requirements, as well as other requirements from the vehicle manufacturer.”

Annual report 2024A · The company itself

“In China, domestic OEMs have gained significant market shares and as a group now has larger market share than global OEMs have in China. Autoliv's sales to domestic OEMs in China has grown rapidly. In 2022, this group accounted for 22% of Autoliv's sales in China, and in 2024 their share of Autoliv sales in China was 37%.”

Annual report 2024A · The company itself

“The fastest growing OEM in China in recent years is BYD. BYD has a uniquely high degree of vertical integration, with a large proportion of in-house sourcing of products and systems. This includes passive safety systems, which is supplied by its subsidiary FinDreams Technology. Autoliv supplies components, especially inflators, to FinDreams Technology.”

Annual report 2024A · The company itself

“The Company’s sales are split over several hundred contracts covering more than 1,300 vehicle models. This moderates the effect of changes in vehicle demand of individual countries and regions as well as production issues.”

Annual report 2024A · The company itself

“As a result of this highly consolidated market, the Company is dependent on a relatively small number of customers with strong purchasing power. In 2024, the Company's five largest customers accounted for around 41% of global LVP and the ten largest accounted for around 62% of global LVP. In 2024, the Company’s five largest customers accounted for around 44% of consolidated sales and the ten largest customers accounted for around 71% of consolidated sales.”

Annual report 2024A · The company itself

“% of Autoliv sales % of Global LVP 1) VW 9.2 % 10.0 % Toyota 9.1 % 12.1 % Stellantis 9.1 % 5.9 % Honda 8.7 % 4.4 % Hyundai 7.6 % 8.4 % Ford 6.8 % 4.1 % General Motors 5.6 % 4.7 % Nissan 5.4 % 4.7 % Mercedes 5.2 % 2.7 % Major EV maker 4.5 % 2.0 % 1) Source: S&P Global January 2025 Although business with every major customer is split into at least several contracts (usually one contract per vehicle platform) and although the customer base has become more balanced and diversified as a result of the Company's significant expansion in China and other rapidly-growing markets, the loss of all business from a major customer (whether by a cancellation of existing contracts or not awarding Autoliv new business), the consolidation of one or more major customers or a bankruptcy of a major customer could have a material adverse effect on the Company.”

Annual report 2024A · The company itself

“PRODUCT WARRANTY, RECALLS AND INTELLECTUAL PROPERTY Autoliv is exposed to various claims for damages and compensation if its products fail to perform as expected. Such claims can be made, and result in costs and other losses to the Company, even where the product is eventually found to have functioned properly.”

Annual report 2024A · The company itself

“The Company’s customers consist of all major European, U.S. and Asian automobile manufacturers.”

Annual report 2024A · The company itself

“We are also dependent on a small number of mobile carriers to allow us to offer mobile devices with carrier connections. The competitive strategies utilized by mobile network carriers can have a material impact on our business, especially with ongoing consolidation in the mobile industry. For example, if carriers change the structure of contracts, upgrade terms, qualification requirements, monthly fee plans, cancellation fees or service levels, the volume of upgrades and new contracts we sign with customers may be reduced, adversely affecting our revenue and profitability.”

Annual report 2026A · The company itself

“Justerat för förvärvade och avslutade verksamheter samt valutakursförändringar minskade nettoomsättningen med 2 procent främst hänförligt till färre levererade nya bilar.”

Annual report 2024A · The company itself

“Det lägre resultatet var framför allt hänförligt till försäljning av nya bilar som redovisade ett resultat om 75 Mkr (300). Resultatet för begagnade bilar var fortsatt på en god nivå om 309 Mkr (352).”

Annual report 2024A · The company itself

“Bilia är en av Europas största helhetsleverantörer för allt som rör bilägandet med en ledande position inom service och försäljning av nya och begagnade person bilar, transportbilar och lastbilar.”

Annual report 2024A · The company itself

“Serviceaffären redovisade ett högre resultat jämfört med föregående år, 1 168 Mkr jämfört med 1 097Mkr.”

Annual report 2024A · The company itself

“Automobile manufacturers continuously incorporate new standard features, including: unibody construction utilizing exotic metals; passenger safety cages with surrounding crumple zones to absorb impacts; plastic and ceramic components; airbags; adaptive headlights; computer and navigation systems; advanced cameras, including backup camera systems; collision warning systems; dynamic cruise control; lane departure warning systems; automatic braking; blind spot detection systems; and electrification of drivetrains. We believe that one effect of these additional features is that newer vehicles involved in accidents are more costly to repair and, accordingly, more likely to be deemed a total loss for insurance purposes.”

Annual report 2025A · The company itself

“The loss of this customer or a significant decline in the production level of PACCAR vehicles that use our engines would have an adverse effect on our results of operations and financial condition. We have supplied engines to PACCAR for 81 years.”

Annual report 2025A · The company itself

“We primarily serve markets in North America, China, Europe and India. •Automated transmissions - We develop and supply automated transmissions for the heavy-duty commercial vehicle market. Automated transmissions include automated manual transmissions and automatic transmissions for internal combustion engines. The Eaton Cummins Automated Transmission Technologies (ECJV) joint venture is a consolidated 50/50 joint venture between Cummins Inc. and Eaton Corporation plc. and serves markets in North America and China. •Atmus - On March 18, 2024, we completed the divestiture of our remaining 80.5 percent ownership of Atmus common stock through a tax-free split-off.”

Annual report 2025A · The company itself

“Table of Contents Engine Segment Engine segment sales and EBITDA as a percentage of consolidated results were: Years ended December 31, 2025 2024 2023 Percent of consolidated net sales (1) 26 % 28 % 28 % Percent of consolidated EBITDA (1) 26 % 33 % 32 % (1) Measured before intersegment eliminations The Engine segment manufactures and markets a broad range of diesel, natural gas and gasoline-powered engines under the Cummins brand name, as well as certain customer brand names, for the heavy-duty truck, medium-duty truck and bus, light-duty automotive and off-highway markets.”

Annual report 2025A · The company itself

“The Engine segment is organized by engine displacement size and serves these end-user markets: •Heavy-duty truck - We manufacture diesel and natural gas engines that range from 310 to 615 horsepower serving global heavy-duty truck customers worldwide, primarily in North America, China and Australia. •Medium-duty truck and bus - We manufacture diesel, natural gas and gasoline engines ranging from 130 to 450 horsepower serving medium-duty truck and bus customers worldwide, with key markets including North America, Europe, Latin America, China, Australia and India.”

Annual report 2025A · The company itself

“We also provide diesel engines for Class A motor homes (RVs), primarily in North America. •Light-duty automotive (pick-up and light commercial vehicle (LCV)) - We manufacture 105 to 430 horsepower diesel engines, including engines for the pick-up truck market for Stellantis N.V. (Stellantis) in North America and LCV markets in Latin America and China.”

Annual report 2025A · The company itself

“The principal customers of our light-duty automotive engines are Stellantis, Anhui Jianghuai Automobile Group Co., Ltd., Volkswagen Caminhões e Ônibus and China National Heavy Duty Truck Group.”

Annual report 2025A · The company itself

“The Components segment is organized around the following businesses: •Drivetrain and braking systems - We design, manufacture and supply drivetrain systems, including axles, drivelines, brakes and suspension systems primarily for commercial vehicle and industrial applications. We also market and sell on-highway, off-highway and other products principally for OEM dealers and other independent distributors and service garages within the aftermarket industry. We primarily serve markets in North America, Europe, South America, Asia Pacific, China and India. •Emission solutions - We design, manufacture and integrate aftertreatment technology and solutions for the commercial on- and off-highway light-duty, medium-duty, heavy-duty and high-horsepower engine markets.”

Annual report 2025A · The company itself

“Customers of the Components segment generally include the Engine, Distribution, Power Systems and Accelera segments, joint ventures including Tata Cummins Ltd., Dongfeng Cummins Engine Co., Ltd. and Beijing Foton Cummins Engine Co., Ltd., truck manufacturers and other OEMs, many of which are also customers of the Engine segment, such as PACCAR, Daimler, AB Volvo, Traton, Stellantis and other manufacturers that use our components in their product platforms.”

Annual report 2025A · The company itself

“PACCAR is our largest customer, accounting for 13 percent of our consolidated net sales in 2025, 16 percent in 2024 and 16 percent in 2023. We have long-term supply agreements with PACCAR for our heavy-duty and medium-duty engines and aftertreatment, driveline and brake systems.”

Annual report 2025A · The company itself

“In addition to our agreement with PACCAR, we have heavy-duty and medium-duty engine and aftertreatment system supply agreements with Traton and Daimler. We also have an agreement with Stellantis to supply engines and aftertreatment products for its pick-up truck applications.”

Annual report 2025A · The company itself

“Our truck manufacturers and OEM customers discontinuing outsourcing their engine supply needs, experiencing financial distress or experiencing a change-in-control of one of our large truck OEM customers, could have a material adverse impact on our results of operations, financial condition and cash flows. We recognize significant sales of engines and components to a few large on-highway truck OEM customers, which have been an integral part of our positive business results for several years.”

Annual report 2025A · The company itself

“Unfavorable material costs and favorable pricing were primarily related to the launch of updated products in light-duty automotive markets.”

Annual report 2025A · The company itself

“Our performance obligations vary by contract, but may include advanced diesel, natural gas, electric and hybrid powertrains and powertrain-related components including aftertreatment, turbochargers, fuel systems, valvetrain technologies, controls systems, air handling systems, automated transmissions, axles, drivelines, brakes, suspension systems, electric power generation systems, electrified power systems with innovative components and subsystems including battery, electric power technologies and parts, construction related projects, maintenance services, commissioning and installation services and extended warranty coverage.”

Annual report 2025A · The company itself

“considerable negative impacts on the first halfyear result from automotive activities”

Annual report 2025A · The company itself

“This is partly due to Türkiye's continued effort to combat inflation which is lowering domestic consumption and thereby trade flows, a slowdown among European industrials, including the automotive sector, and lastly unfavourable developments in the Turkish transport market owing to the disruption caused by the entry of excess ferry capacity.”

Annual report 2025A · The company itself

“The primary customer segments are cold chain, FMCG/ retail, industrials, and automotive.”

Annual report 2025A · The company itself

“The bundling of transport (FTL/LTL) with solutions (warehousing/control towers/customs) remains a priority for larger customers with complex supply chains.”

Annual report 2025A · The company itself

“Another priority is preparing for fleet renewal to accommodate customer growth requirements.”

Annual report 2025A · The company itself

“European operators took Key freight customers are forwarders and hauliers for port-to-port transport of trailers with or without the driver accompanying the trailer. Heavy industrial goods are transported directly for manufacturers using trailer equivalents, e.g.”

Annual report 2025A · The company itself

“EBITA-marginal före av- och nedskrivningar av förvärvsrelaterade immateriella tillgångar och jämförelsestörande poster LV Americas, 14% Efter ett starkt 2023 tappade produktionen inom RV-industrin gradvis fart i Europa under 2024 och nettoomsättningen inom OEM-försäljningskanalen minskade, vilket även berodde på lägre lastbilsproduktion som påverkade CPV-verksamheten.”

Annual report 2024A · The company itself

“EBITA-marginal före av- och nedskrivningar av förvärvsrelaterade immateriella tillgångar och jämförelsestörande poster LV EMEA, 25% Efter en rekordhög produktion under 2023 minskade produktionen inom RV-industrin i Australien under 2024, med en motsvarande negativ påverkan på nettoomsättningen inom OEM-försäljningskanalen.”

Annual report 2024A · The company itself

“Power Solutions minskade, framför allt på grund av lägre produktion inom RV-industrin i Europa och till följd av att höga lagernivåer hos återförsäljarna, vilket påverkade nettoomsättningen negativt inom försälj - ningskanalen Service & Aftermarket.”

Annual report 2024A · The company itself

“Den organiska nettoomsättningen minskade inom försäljningskanalen OEM med −17 procent, inom försäljningskanalen Service & 1) Före av- och nedskrivning av förvärvsrelaterade immateriella tillgångar och jämförelsestörande poster. Aftermarket med −8 procent och inom försäljningskanalen Distribution med −8 procent.”

Annual report 2024A · The company itself

“OEM-tillverkare (Original Equipment Manufacturer): Installerade produkter som säljs till tillverkare av RV-fordon, båtar eller CPV-fordon.”

Annual report 2024A · The company itself

“Genom att utnyttja bolagets tekniska kunskap och erfarenhet från RVoch Marine-verksamheten när det gäller design för små utrymmen har Dometic utvecklat och förvärvat bärbara produkter som svarar mot dessa användares behov.”

Annual report 2024A · The company itself

“Varje år säljs ungefär 35 miljoner nya SUV:ar, kombibi - lar och pickuper, vilket kan jämföras med RV-branschen som historiskt sett har producerat 700000 till 800000 fordon per år.”

Annual report 2024A · The company itself

“OEM-verksamheten är strategiskt viktig eftersom den skapar stordriftsfördelar och Service & Aftermarket-möjligheter. Samarbetet med stora OEM-kunder ger även värdefull och viktig kunskap för innovationer och produktutveckling och en väsentlig del av de produkter som Dometic lanserar är inriktade på OEM-verksamheten.”

Annual report 2024A · The company itself

“Branschens produktion av RV-fordon och båtar låg på den lägsta nivån på tio år och konsumenter fokuserade på att reparera utrustning i stället för att uppgradera eller byta ut produkter.”

Annual report 2024A · The company itself

“GLOBAL VENTURESMOBILE COOLING SOLUTIONS Produkter och lösningar för: Husbilar/husvagnar (RV, Recreational Vehicles), transportfordon och personbilar (CPV, Commercial and Passenger Vehicles), samt fristående friluftsprodukter.”

Annual report 2024A · The company itself

“Segmenten 42DOmetIC ÅRS- OCH HÅLLBARHetSReDOVISnIng 2024 Segmenten 42DOmetIC ÅRS- OCH HÅLLBARHetSReDOVISnIng 2024 • Produkter för tillverkare av RV-fordon (RV OEM) och CPV-fordon (CPV OEM). • CPV-marknaderna. • Fristående friluftsprodukter sålda via återförsäljare eller genom e-handel (direkt till konsument, DTC). • USA är den största marknaden följt av Kanada. Produktionen inom RV-industrin var den lägsta på tio år i USA under 2024, med en motsvarande negativ påverkan på nettoomsättningen inom OEM-försälj - ningskanalen.”

Annual report 2024A · The company itself

“Produkter för tillverkare av RV-fordon (RV OEM) och CPV-fordon (CPV OEM). • CPV-marknaderna. • Fristående friluftsprodukter sålda via återförsäljare eller genom e-handel (direkt till konsument, DTC). • Cirka 80 procent av försäljningen inom segmentet Land Vehicles APAC var inom Australien och Nya Zeeland. • Med två tillverkningsanläggningar och betydande inköpsverksamhet i Asien är regionen viktig när det gäller tillverkning och leveranser för Dometics organisation globalt.”

Annual report 2024A · The company itself

“This change is primarily related to the Automotive customer segment that continues to face major structural challenges, which has led to strategic cost-side measures.”

Annual report 2024A · The company itself

“The change is mainly attributable to the Automotive customer segment, which is facing major structural challenges and continues to show a decline in demand.”

Annual report 2024A · The company itself

“The negative impact on the business area’s net sales was mainly due to weak demand in the Automotive customer segment.”

Annual report 2024A · The company itself

“Automotive — Flexibility for change Bespoke solutions to optimize production Elanders is a logistics paner to several Swedish, German and British car manufact - urers that are all included in the Automotive cus tomer segment.”

Annual report 2024A · The company itself

“Weak global economic growth, inflationary pressures and high interest rates have led to a slump in demand in the construction market in China and in Europe, and created headwinds for the automotive and steel sectors in Europe and the US. There has been an oversupply of silicone capacity in China.”

Annual report 2024A · The company itself

“The Silicones division serves diverse markets, from electric cars to construction, via electronics, aerospace, healthcare, personal care, packaging, airbag coating and more.”

Annual report 2024A · The company itself

“Elkem helps its customers create and improve essential innovations like electric mobility, digital communications, health, and personal care as well as smarter and more sustainable cities.”

Annual report 2024A · The company itself

“This has generally resulted in weak demand, particularly from construction and automotive, which are important end-markets to Elkem.”

Annual report 2024A · The company itself

“The new centre was inaugurated in 2024 following a comprehensive upgrade of the centre’s research system and hardware, and the establishment of four application centers for E-mobility, bioscience, coating and 3D printing, to develop high-performance products and promote the innovative development of the industry. The centre supports customers in the Asia-Pacific region improve their innovation capabilities, accelerate the development of new products and applications and seize emerging opportunities for advanced silicone products and technology in the region.”

Annual report 2024A · The company itself

“Elkem’s R&I efforts contribute to the development of new products with tailored properties for high-end markets, new additives for process aids, or reinforced materials and support with critical analysis information needed for troubleshooting.”

Annual report 2024A · The company itself

“Specialisation and customisation: Elkem develops customised products tailored to the needs of various industries, including renewable energy, electronics, automotive, and construction.”

Annual report 2024A · The company itself

“Elkem’s focus on advanced silicon-based materials positions the company to benefit from the growing demand for electric vehicles (EVs), energy storage, and renewable power. Products such as EV battery components, silicone insulation, and low-carbon graphite enable Elkem to contribute to the transition while increasing its market share.”

Annual report 2024A · The company itself

“Transitional opportunity Opportunity type Products and services Products and services Probability High High Potential financial impact High High Time horizon Short Medium Description The increasing demand for electric vehicles (EVs) and battery cells presents an opportunity for Elkem, as the company supply key components needed for these products. Silicones are used as a non-flammabl insulation for wiring and batteries, and EVs require four times more silicone compared to internal combustion vehicles.”

Annual report 2024A · The company itself

“Vi leverte på alle våre finansielle mål, med unntak av Combined ratio, som ble preget av høye skadekostnader for motorvogn, som følge av en økning i skadefrekvens, høyere reparasjonskostnader og en økning i andelen kostbare skader.”

Annual report 2024A · The company itself

“Blant årsakene til økt frekvens er at nyere biler er lengre, bredere og tyngre enn eldre, og at de har større motoreffekt. Dette bidrar både til hyppigere og mer kostbare skader.”

Annual report 2024A · The company itself

“Justert for værrelaterte skader i 2024 og 2023 økte den underliggende frekvensskadeprosenten med 1,5 prosentpoeng, drevet av bil- og ansvarsforsikring. Nedgangen i lønnsomhet for bilforsikring var drevet av høyere skadefrekvens og høyere snittskade.”

Annual report 2024A · The company itself

“Den underliggende frekvensskadeprosenten bedret seg med 5,3 prosentpoeng. Justert for værrelaterte motorskader i første kvartal 2024 forbedret den underliggende frekvensskadeprosenten seg med 5,9 prosentpoeng, hovedsakelig drevet av bil- og eiendomsforsikring i begge porteføljer, og privat helseforsikring.”

Annual report 2024A · The company itself

“Gjensidige har mange års erfaring med partneravtaler. Distribusjon i samarbeid med partnere er en viktig del av vår forretningsmodell i alle geografiske områder og segmenter av konsernets virksomhet.”

Annual report 2024A · The company itself

“For privatkunder er de største produktene motorforsikring, boligforsikring og risikobaserte personforsikringer.”

Annual report 2024A · The company itself

“As a result, Glaston is exposed to business cycles in its customers’ industries, in particular the construction and mobility industries.”

Annual report 2025A · The company itself

“Changing consumer behavior, tighter regulation and changes in global automotive trade flows have led to a shift in the investments of mobility industry customers.”

Annual report 2025A · The company itself

“Increasing mobility glass requirements present new challenges for glass processing, bringing new players to the market and creating new opportunities for glass processing technology suppliers.”

Annual report 2025A · The company itself

“Glaston’s strategy identifies opportunities for the company to strengthen its market position and cost competitiveness as well as seek growth by developing its product range to better meet the needs of customers in the glass processing market.”

Annual report 2025A · The company itself

“In 2025, investment conditions in our primary markets, Architecture and Mobility, were challenging.”

Annual report 2025A · The company itself

“Glass processed with Glaston’s machinery is used in the architectural, mobility, display and solar energy industries.”

Annual report 2025A · The company itself

“Turning point in the US Heavy Duty Truck sector The game-changing X15N natural gas engine entered the North American market in 2024, tripling the addressable market for heavy-duty natural gas trucks in the U.S..”

Annual report 2024A · The company itself

“Historically, around two thirds of all heavy-duty trucks in the US have been addressed by diesel only due to range and power requirements, but with the introduction of Cummins’ new X15N natural gas engine, which entered the market in 2024, RNG/CNG will compete head-to-head with diesel on range and power.”

Annual report 2024A · The company itself

“Hexagon’s addressable market for natural gas driven heavy-duty trucks are expected to increase threefold due to the X15N engine.”

Annual report 2024A · The company itself

“Looking further out towards 2030, and with 3 of 6 major OEMs representing approximately twothirds of the North American heavy-duty truck market equipped with the new engine, the route to 10x growth in heavy duty Truck by 2030 is achievable.”

Annual report 2024A · The company itself

“Our solutions enable OEMs, fleet owners and gas distributors to make the switch to clean energy.”

Annual report 2024A · The company itself

“Our testing technologies are used by industrial gas, fire service equipment, medical oxygen, automotive and gas distribution industries.”

Annual report 2024A · The company itself

“Our systems are installed on heavy-duty trucks, refuse collection trucks, buses, delivery trucks and vans.”

Annual report 2024A · The company itself

“Shaping the future of sustainable heavy-duty trucking We renewed our master service agreement with UPS and received orders totaling NOK 620 million for RNG fuel systems for heavy-duty trucks. In addition, we delivered RNG fuel systems to over 30 leading Class 8 fleets in North America, piloting Cummins pioneering X15N engines.”

Annual report 2024A · The company itself

“Hexagon Agility is a global provider of SHARE OF GROUP REVENUE 96% natural gas fuel systems for commercial vehicles and gas distribution solutions.”

Annual report 2024A · The company itself

“The Fuel Systems business had a seasonally soft first half of 2024, but picked up significantly in the second half of 2024, predominantly explained by higher heavy-duty truck activity, supported by a couple of significant orders from key customers, including UPS.”

Annual report 2024A · The company itself

“So far, two of the top four North American truck brands, Kenworth and Peterbilt, have opened order books for trucks powered by the new engine, with Daimler Truck North America (DTNA) through its truck brand Freightliner, flagging start of production in Q3 2025.”

Annual report 2024A · The company itself

“Hexagon’s addressable market for Natural Gas driven heavy-duty trucks increases threefold due to the X15N engine, as it opens the long-haul segment served by diesel engines, while meeting required stringent NOx emissions CONTENTS reductions targets is pushing OEMs to increase their share of NG trucks within their product portfolios.”

Annual report 2024A · The company itself

“Den viktiga tyska bil industrin upplever, precis som många europeiska konkurrenter, en ökad kinesisk konkurrens som förändrar industrilandskapet i Europa.”

Annual report 2024A · The company itself

“Utvecklingen hos HEXPOL:s kundsegment utgör en av de viktigaste omvärldsrelaterade riskerna. Detta ställer höga krav på förståelse för kundernas och slutkundernas nuvarande och framtida behov, krav och önskemål.”

Annual report 2024A · The company itself

“En stor kundgrupp är systemleverantörer till fordonsindustrin. En nedgång eller svag utveckling i fordonsbranschen kan påverka HEXPOL:s verksamhet negativt.”

Annual report 2024A · The company itself

“Kunderna är i huvudsak den globala fordons- och verkstadsindustrins systemleverantörer, bygg- och anläggningsbranschen och inom sektorer som transport, energi och konsument samt kabelindustrin och tillverkare av medicinteknik, plattvärmeväxlare och truckar.”

Annual report 2024A · The company itself

“– expertis inom avancerade polymera material HEXPOL I KORTHET Asien 6% FÖRSÄLJNING PER REGION 2024 Europa 40% Amerika 54% NETTOOMSÄTTNING 2024 MSEK 2024 JUSTERAD EBIT-MARGINAL 2024 15,9% Fordon 38% Generell industri 20% Bygg & anläggning 8% Kabel 8% Jordbruk Energi Hälsa & medicinteknik Slang (ej fordon) Konsumentprodukter Grafisk produktion Däck Leksaker, sport och fritid Transport (ej fordon) VVS 26% ETT VÄLPOSITIONERAT FÖRETAG FÖR TILLVÄXT INOM VÄXANDE SLUTANVÄNDARSEGMENT Starkare tillväxt i andra segment har balanserat ut fordonsandelen från tidigare 60 procent.”

Annual report 2024A · The company itself

“Koncernens omsättning minskade något jämfört med rekordåren 2022 och 2023, huvudsakligen påverkat av en nedgång inom fordonssektorn i Europa och USA som är vårt största segment.”

Annual report 2024A · The company itself

“Produktområde Kundsegment Marknad HEXPOL:s position Tillväxtmöjligheter HEXPOL Rubber Compounding Global marknadstillväxt.”

Annual report 2024A · The company itself

“Genom förvärvet etablerar sig HEXPOL inom tekniska nylon compounds och stärker sig därmed på den amerikanska marknaden för kunder inom bilindustrin, transportsektorn och möbelindustrin.”

Annual report 2024A · The company itself

“HEXPOL fokuserar på marknader i stark tillväxt med intressanta och växande kund applikationer inom bland annat hälsa & medicin teknik, allmänindustri, konsumentprodukter och fordons industrin.”

Annual report 2024A · The company itself

“Det gör affärsområdet till en HEXPOL Compoundings kunder är tillverkare av polymera produkter och komponenter. De ställer höga krav på kvalitet, förbättrade egenskaper och lokal leveransförmåga. Marknaden är global och största slutkundssegmenten är fordons- och verkstadsindustrin följt av bygg- och anläggningsbranschen. Andra viktiga kundsegment är transport-, energi- och konsumentsektorn, kabelindustrin och tillverkare av medicinteknik.”

Annual report 2024A · The company itself

“Affärsområdet levererar compounds och applikationer till bland annat hälsa & medicin teknik, allmänindustri, konsumentprodukter och fordons industrin, men även till transportsektorn såsom till tåg-, flyg- och rymdindustri.”

Annual report 2024A · The company itself

“HEXGREEN-blandningar fungerar utmärkt i ett antal olika tillämpningar för segment som bilindustrin, bygg och anläggning, energi samt inom allmän industri.”

Annual report 2024A · The company itself

“Third-party sales for the Fastening Systems segment increased $169, or 11%, in 2025 compared with 2024, primarily due to growth in the commercial aerospace market, partially offset by lower volumes in the commercial transportation market.”

Annual report 2025A · The company itself

“Demand in the commercial transportation market is expected to remain low with recovery beginning in the second half of 2026, given tariff-related, economic, and regulatory uncertainty in North America.”

Annual report 2025A · The company itself

“Third-party sales for the Forged Wheels segment decreased $15, or 1%, in 2025 compared with 2024, primarily due to lower volumes in the commercial transportation market, partially offset by an increase in aluminum cost pass through. Third-party sales for the Forged Wheels segment decreased $93, or 8%, in 2024 compared with 2023, primarily due to lower volumes in the commercial transportation market as well as a decrease in aluminum and other inflationary cost pass through.”

Annual report 2025A · The company itself

“Fastening Systems 2025 2024 2023 Third-party sales $ 1,745 $ 1,576 $ 1,349 Segment Adjusted EBITDA 530 406 Fastening Systems produces aerospace and industrial fastening systems, as well as commercial transportation fasteners. The business’s high-tech, multi-material fastening systems are found nose to tail on aircraft and aero engines. The business’s products are also critical components of commercial transportation vehicles and construction and industrial equipment.”

Annual report 2025A · The company itself

“Forged Wheels 2025 2024 2023 Third-party sales $ 1,039 $ 1,054 $ 1,147 Segment Adjusted EBITDA 296 287 Forged Wheels produces forged aluminum wheels and related products globally for heavy-duty trucks, trailers, and buses. Forged Wheels’ products are sold directly to OEMs and through distributors.”

Annual report 2025A · The company itself

“Overview Howmet is a leading global provider of advanced engineered solutions for the aerospace and transportation industries. The Company’s primary businesses focus on jet engine components, aerospace fastening systems, and airframe structural components necessary for mission-critical performance and efficiency in aerospace and defense applications, as well as forged aluminum wheels for commercial transportation.”

Annual report 2025A · The company itself

“Howmet’s largest market is aerospace, which represented approximately 70% of the Company’s revenue in 2025. The Company produces a range of high performance multi-materials, highly engineered products, and vertically integrated machined solutions for aero engines and airframe structures, ranging from investment castings, advanced coatings, seamless rings, forgings, titanium extrusions, and titanium mill products, to fasteners that hold aircraft together.”

Annual report 2025A · The company itself

“The commercial transportation market represented approximately 15% of the Company’s revenue in 2025. The Company invented the forged aluminum truck wheel in 1948, and continues to advance technology to deliver breakthrough solutions that make trucks and buses lighter, more fuel efficient and sharper-looking.”

Annual report 2025A · The company itself

“Howmet is currently under contract to supply components for a number of existing and new commercial, general aviation, military aircraft, and aircraft engine programs.”

Annual report 2025A · The company itself

“For example, quality control issues at The Boeing Company (“Boeing”) relating to which the Federal Aviation Administration did not approve production rate increases for the Boeing 737 MAX until October 2025 and a Boeing labor union work stoppage in late 2024 negatively impacted narrow body and wide body production rates. Boeing production rates have had and are expected to have a material impact on the financial performance of Howmet.”

Annual report 2025A · The company itself

“Tilintarkastajien palkkiot (sisältyvät muihin hallinnollisiin kuluihin) Tilintarkastuspalkkiot 0,3 0,3 Muut tilintarkastuksen oheispalvelut 0,2 0,0 Poistot hyödykeryhmittäin Aineettomat hyödykkeet 1,9 1,9 Aineelliset hyödykkeet 12,6 11,0 Materiaalit ja palvelut Kamux hankkii suurimman osan myymistään käytetyistä autoista vaihdossa osana vaihtoautokauppaa. Kamux hankkii käytettyjä autoja myös yksityishenkilöiltä, autohuutokaupoista, leasing-yhtiöiltä, rahoitusyhtiöiltä, muilta autoliikkeiltä, maahantuojilta ja muista lähteistä.”

Annual report 2024A · The company itself

“Kamux hankkii käytettyjä autoja autohuutokaupoista, leasing-yhtiöiltä, muilta autoliikkeiltä, rahoitusyhtiöiltä, maahantuojilta, yksityishenkilöiltä ja muista lähteistä. Suurimman osan myymistään käytetyistä autoista Kamux hankkii asiakkailtaan vaihdossa osana vaihtoautokauppaa.”

Annual report 2024A · The company itself

“Kamuxin liiketoiminta koostuu käytettyjen autojen vähittäisja tukkumyynnistä Suomessa, Ruotsissa ja Saksassa sekä kuluttaja- ja yritysasiakkaille myytävistä integroiduista palveluista, mitkä on tunnistettu erillisiksi suoritevelvoitteiksi.”

Annual report 2024A · The company itself

“Sustained unfavorable market conditions may also result in asset impairments. For example, in the third quarter of 2025, a prolonged downturn in, and outlook for, the European petrochemical and global automotive industries, combined with the sustained decline in our market capitalization, resulted in non-cash impairment charges of $1,182 million, presented in both Goodwill impairments and Other impairments on the Consolidated Statements of Income (Loss).”

Annual report 2025A · The company itself

“Economic downturns in the businesses and geographic areas in which we sell our products could substantially reduce demand for our products and result in decreased sales volumes and increased credit risk. Recessionary environments adversely affect our business because demand for our products is reduced, particularly from our customers in industrial markets generally and the automotive and housing industries specifically and may result in higher costs of capital.”

Annual report 2025A · The company itself

“Eftermarknaden för personbilar och lätta lastbilar påverkas främst av storleken på fordonsparken och fordonens samlade körsträcka.”

Annual report 2024A · The company itself

“MEKOs affär vilar på en stabil efterfrågan, goda kassaflöden och stordriftsfördelar som andra har svårt att uppnå.”

Annual report 2024A · The company itself

“Vi hjälper verkstäder att bli mer framgångsrika MEKO driver utvecklingen inom den oberoende fordonseftermarknaden genom att erbjuda nya lösningar, utbildningar och koncept som stärker verkstäder. Med fokus på teknikutveckling och användarvänlighet fortsätter vi att ta nya steg mot framtidens fordonsservice.”

Annual report 2024A · The company itself

“En stor del av MEKOs försäljning är riktad mot verkstäder. Vi har över 20 000 verkstadskunder, varav 4 500 är anslutna till något av våra koncept.”

Annual report 2024A · The company itself

“Företagsägda fordon dominerar fortsatt bland tunga fordon, vilket är ett tillväxtområde för MEKO.”

Annual report 2024A · The company itself

“Försäljningen sker huvudsakligen till anslutna verkstäder och andra företagskunder. Koncernen driver och utvecklar också attraktiva verkstadskoncept med starka varumärken för att attrahera bilägare till anslutna verkstäder.”

Annual report 2024A · The company itself

“We are dependent on the interoperability of our products with popular mobile operating systems, networks, technologies, products, and standards that we do not control, such as the Android and iOS operating 17 Table of Contents systems and mobile browsers. Changes, bugs, or technical issues in such systems, or changes in our relationships with mobile operating system partners, handset manufacturers, browser developers, or mobile carriers, or in the content or application of their terms of service or policies (which they have made in the past and continue to seek to implement) that degrade our products' functionality, reduce or eliminate our ability to update or distribute our products, give preferential treatment to competitive products, limit our ability to deliver, target, or measure the effectiveness of ads, or charge fees related to the distribution of our products or our delivery of ads have adversely affected, and could in the future adversely affect, the usage of our products and monetization on mobile devices.”

Annual report 2025A · The company itself

“Befolkningstillväxt och urbanisering ökar behovet av transporter avsåvälvarorsommänniskor.Transportsektornbetraktassomenav destörstautmaningarnaeftersomdensvararförenbetydandeandel avsamhälletsväxthusgasutsläppochenergiåtgång. Det pågår mycket forskning och utveckling inom såväl energioptimeringsomförnybarenergiochvåruppfattningärattviliggeri framkantinomvårabranscher. ENERGIEFFEKTIVISERING BEHÖVS FÖR ETT MER RESURSEFFEKTIVT SAMHÄLLE Deninternationellaambitionenattminskadenglobalamedeltemperaturökningenmed2graderCelsiuskräverenutsläppsreduktionav växthusgasermedmotsvarande70procentframtill2050(jämfört med basåret 2010). Detta innebär en årlig reduktion av utsläppen av växthusgaser med 6,5 procent. NIBE Groups produkter bidrar till omställningen till ett fossilfritt samhälle med minskad energiförbrukning.Viarbetarenträgetochmålinriktatförattutvecklaen produktportfölj med hållbara energieffektiva energilösningar som stöderdennaomställning. STORT ENGAGEMANG Känsla för detaljer är en viktig parameter för att klara de krav som myndigheterna ställer på våra produkter.”

Annual report 2024A · The company itself

“Vår produktutveckling i samarbete med affärspartners inom transportsektorn resulterarkontinuerligtinyalösningarförenergioptimeringochstyrning.Vifinns representeradeiindustrinmedutvecklingochtillverkningavkomponenteroch lösningar för intelligent uppvärmning och styrning. Många företag, inom vitt skildabranscher,vilkakräverolikalösningarförsinaspecifikaprodukterharhittat sinindustripartneriNIBEGroup. *  Idagensmodernakökfinnsmångahushållsapparatersomanvändsflitigt. Flertalet av dem, somtill exempelkaffemaskin, ugn och diskmaskin, är utrustademedkomponenterfrånNIBEGroup,vilkabidrartillattanvändningenblirsåenergieffektivsommöjligt.  Attvärmasinbostadmedenvärmepumpärettavdemestenergieffektiva och miljövänliga sätten som finns att tillgå. Detta ger en godekonomiochspararmiljönförsåväldagenskonsumentersomför kommandegenerationer.Kombineratmedvattenburengolvvärmeger detocksåettbehagligtinomhusklimat.”

Annual report 2024A · The company itself

“Företaget har sedan 1950 utvecklat och producerat produkter för teknisk uppvärmning inom en bred portfölj - hushållsapparater till järnvägssystem.”

Annual report 2024A · The company itself

“För vissa specialsegment som industri, vindkraft och transport har vi globalt marknadsansvarigapersonersamtgemensammaförsäljningsplattformarochmarknadssatsningarförgrupperavdotterbolag. · 44 · ÅRSREDOVISNING 2024 NIBE INDUSTRIER AB > NIBE ELEMENT 2024 2023202220212020 -7 Måluppfyllelse 2024202320222021 2020 10,3 9,1 10,4 7,9 Måluppfyllelse 5,7* *Exkl Jämförelsestörande poster AFFÄRSINRIKTNING Viförsermarknadenmedhållbara energilösningarivärldsklass genomattförsebådeproducenter ochanvändaremedkomponenter och lösningar för intelligent uppvärmningochstyrning.”

Annual report 2024A · The company itself

“Nolato ser en stark tillväxt inom Materials (tidigare EMC & Thermal) för nya produkter och teknikområden inom fordonssegmentet och nya marknader. Materials, som tidigare dominerades av telekomsektorn, har nu en jämnare fördelning av försäljningen mellan segmenten telekom, fordonsindustrin och flygindustrin.”

Annual report 2024A · The company itself

“Engineered Solutions utvecklades stabilt under året, trots en svagare marknad inom både fordons- och konsumentelektroniksektorn.”

Annual report 2024A · The company itself

“Materials har under året sett en bra tillväxt om 10 procent drivet av flertalet nya affärer inom bland annat fordonsindustrin samt återhämtning för telekom under andra halvåret.”

Annual report 2024A · The company itself

“En lägre efterfrågan har varit tydlig under andra halvåret inom marknadsområde Fordon, på grund av lägre nybilsförsäljning, samt inom Konsumentelektronik där framförallt nedrampning av en tidigare betydande VHP-kund medfört lägre omsättning.”

Annual report 2024A · The company itself

“Fordonsområdet uppvisade tillväxt under första halvåret, men volymerna minskade betydligt under andra halvåret. En lägre efterfrågan i slutkundsledet inom fordonsindustrin bedöms påverka även inledningen av 2025 negativt.”

Annual report 2024A · The company itself

“Koncernen arbetar nära kunder med ledande position inom områden som medicinteknik, läkemedel, konsumentelektronik, telekom, fordon, hygien och andra utvalda industriella områden.”

Annual report 2024A · The company itself

“Genom unik kompetens inom tillverkning och utveckling av polymera produkter för ledande företag inom utvalda branscher, kan koncernen med hjälp av avancerad teknologi skapa hållbara och kostnadseffektiva lösningar för kundanpassade produkter.”

Annual report 2024A · The company itself

“Nolato tillför mycket kompetens för att utveckla delar eller sammansatta produkter som bidrar till exempel inom den snabba elektrifieringen av bil- och lastbilsindustrin. Nolato har mycket att tillföra och stor potential framåt i takt med en ökad komplexitet i fordonen.”

Annual report 2024A · The company itself

“Vi använder den för att producera adhesiv, packningar, tätningar och kosmetiska detaljer inom telekom-, fordons-, medicinteknik och elektronikindustrin.”

Annual report 2024A · The company itself

“Globala företag inom Fordon och Industri som exempelvis: › Bosch › Brose › Continental › Geberit › Husqvarna › Kinnarps Globala företag inom Konsumentelektronik och Materials som exempelvis: › Bosch › Delphi › Dyson › Ericsson › Google › Gore › Harman › Huawei › Jabra › Nokia › PSS › Sonos › Sony › Magna › Verisure › ZTE › MCT Brattberg › Scania › SKF › Volvo › Volvo Cars Produkter Produktlivscykel: Medel/lång Exempel på områden och produkter Fordon Komponenter till laddboxar, exteriöra detaljer, fläktkomponenter, packningar och inredning.”

Annual report 2024A · The company itself

“Volymerna inom marknadsområde Konsumentelektronik har minskat, framförallt nedrampning av en tidigare betydande VHP-kund har medfört lägre omsättning.”

Annual report 2024A · The company itself

“Norwegian operates a single aircraft type fleet with the Boeing 737-800 NG and the Boeing 737 MAX 8. By yearend 2024, the total fleet comprised 86 aircraft, 64 Boeing 737-800 NG aircraft and 22 Boeing 737 MAX 8.”

Annual report 2024A · The company itself

“The increase is predominantly a result of the inclusion of Widerøe, the replacement of older 737-800 NG aircraft with latest technology 737 MAX 8 aircraft, and cost for external wet-lease capacity.”

Annual report 2024A · The company itself

“Semiconductor content per vehicle continues to increase due to government regulation of safety and emissions, standardization of higher-end options across a greater number of vehicle classes as well as consumer demand for greater fuel efficiency, advanced safety, multimedia applications and connectivity. Automotive safety features are evolving from passive safety systems to active safety systems with ADAS such as radar and vision systems. Semiconductor content is also increasing in engine management and fuel economy applications, like Battery Management Systems (BMS).”

Annual report 2025A · The company itself

“One of our business strategies is to participate in and win competitive bid selection processes to develop products for use in our customers’ equipment and products. These selection processes can be lengthy and require us to incur significant design and development expenditures, with no guarantee of winning a contract or generating revenue. Failure to win new design projects and delays in developing new products with anticipated technological advances or in commencing volume shipments of these products may have an adverse effect on our business.”

Annual report 2025A · The company itself

“Business Combinations On June 17, 2025, NXP announced the closing of the acquisition of 100% of TTTech Auto for $766 million in cash ($675 million net of cash acquired). TTTech Auto is a leader in innovating unique safety-critical systems and middleware for software-defined vehicles (SDVs). The TTTech Auto acquisition complements and expands NXP’s system and software offerings in the Automotive and Industrial & IoT end markets.”

Annual report 2025A · The company itself

“On October 24, 2025, NXP closed the previously announced acquisition of 100% of Aviva Links for $222 million in cash ($202 million net of cash acquired) and $26 million through the settlement of previously held investments in Aviva Links. Aviva Links is a provider of Automotive SerDes Alliance (ASA) compliant in-vehicle connectivity solutions. The Aviva Links acquisition complements and expands NXP’s automotive networking solutions in the Automotive and Industrial & IoT end markets.”

Annual report 2025A · The company itself

“In Automotive, we are the market leader in most of the applications, with integrated 77Ghz Radar solution for ADAS, battery management products for Electrification, audio processing solutions and amplifiers for car entertainment, Controller Area Network (CAN), Local Interconnect Network (LIN), FlexRay Ethernet and SerDes (from the Aviva Links acquisition) solutions for in-vehicle networking and two-way secure products for secure car access.”

Annual report 2025A · The company itself

“Our 10 largest end customers, some of whom are supplied by distributors, in alphabetical order, are Apple, Aptiv, Aumovio, Bosch, Denso, Harman Auto, Hyundai, LGE Automotive, Samsung and Visteon.”

Annual report 2025A · The company itself

“The vast majority of our revenue is derived from sales to manufacturers in the Automotive, Industrial & IoT, Mobile, and Communication Infrastructure end markets.”

Annual report 2025A · The company itself

“Royaltyintäkternas ökning beror till stor del på att Precise är rätt positionerade inom nya sensorteknologier som ultrasonic samt att antal sålda enheter generellt på mobilmarknaden ökat under året jämfört med 2023.”

Annual report 2024A · The company itself

“Våra fokusområden är biometrisk autentisering för mobiler, bärbara datorer, säkerhetsnycklar och smarta lås, fordonsapplikationer för betalning i bilen, förarverifiering och personliga inställningar/access – samt specialiserade system för besökshantering och fysisk biometrisk passerkontroll.”

Annual report 2024A · The company itself

“Idag använder ett flertal smartphones i premiumsegmentet våra ultrasonic-algoritmer, vilket tydligt visar på det förtroende vi har på marknaden."”

Annual report 2024A · The company itself

“A: Ultrasonic kommer att expandera bortom sin nuvarande ensiffriga marknadsandel och växa från premiumsegmentet till mellanklassegmentet samt in i andra designfokuserade produkter såsom laptops och bilar.”

Annual report 2024A · The company itself

“En annan vertikal som börjat leverera royaltyvolymer och där vi ser potential framåt är fordonsindustrin. Även om försäljningen av bilar, speciellt elbilar, har varit pressad under 2024, så går utvecklingen i allt högre grad mot konceptet Software Defined Vehicle (SDV) och vi fortsätter positionera oss tillsammans med Infineon som världsledande på biometriområdet för bilindustrin.”

Annual report 2024A · The company itself

“Precise kunder inkluderar många av de främsta sensortillverkarna globalt och exempel på applikationsområden är användaridentifiering i mobiltelefoner, fordon, smarta dörrlås och laptops.”

Annual report 2024A · The company itself

“GENOMBROTT INOM FORDONSINDUSTRIN "Behovet av säker autentisering inom fordonsindustrin blir allt mer centralt, inte minst i ljuset av att morgondagens bilar blir uppkopplade och byggs enligt principen Software Defined Vehicles (SDV). Vi ser att biometri kommer vara det naturliga valet som autentiseringsmetod. Vi har under året stärkt vårt samarbete med Infineon och lanserat en gemensamt paketerad produkt för fordonsindustrin.”

Annual report 2024A · The company itself

“Användningsområdena finns inom både digital och fysisk access och tillämpningarna hittas inom till exempel mobiltelefoner, bärbara datorer, logisk access, betalning, fordon, samt inom besöks- och accessystem.”

Annual report 2024A · The company itself

“Digitalization of the automotive cockpit, including wireless connectivity, continues to transform the in-vehicle experience, enabling greater personalization of content and settings for both drivers and passengers as automakers respond to growing interest from consumers to bring their digital lifestyles into the vehicle. Car-to-cloud platforms are designed to help automakers improve cost efficiencies, create new service opportunities throughout the lifecycle of a vehicle with over-the-air update capabilities and gather valuable vehicle and usage analytics. This is driving the development of a new architecture for the software-defined vehicle.”

Annual report 2025A · The company itself

“Analysts estimate that the share of new light duty vehicles sold globally with Level 2 (i.e., partial driving automation) or higher autonomy will grow from 24% in 2025 to 52% in 2030 (TechInsights, November 2024).”

Annual report 2025A · The company itself

“Additional competitive factors exist for QCT product offerings that have expanded into industries and applications beyond mobile handsets, including automotive and IoT.”

Annual report 2025A · The company itself

“The automotive industry is subject to long design-in time frames, long product life cycles and a high degree of regulatory and safety requirements, necessitating suppliers to the industry to comply with stringent qualification processes, very low defect rates and high reliability standards, all of which results in a significant barrier to entry and may result in increased costs.”

Annual report 2025A · The company itself

“RISKS RELATED TO NEW INITIATIVES •Our growth depends in part on our ability to extend our technologies and products into new and expanded product areas, and industries and applications beyond mobile handsets. Our research, development and other investments in these new and expanded product areas, industries and applications, and related technologies and products, as well as in our existing technologies and products, and new technologies, may not generate operating income or contribute to future results of operations that meet our expectations. •We may engage in acquisitions and other strategic transactions or make investments, or be unable to consummate planned strategic acquisitions, which could adversely affect our results of operations or fail to enhance stockholder value.”

Annual report 2025A · The company itself

“If our products fail to perform to specifications, compete with the product quality of our competitors or meet quality or regulatory standards (including product safety and information security standards, which may differ by region, geography and industry, and which are particularly stringent in the automotive industry) or other standards (including sustainability or other 18 ESG-related standards) of a particular industry or application, we may be unable to successfully expand our business in that industry or application, and our growth could be limited.”

Annual report 2025A · The company itself

“Failure of our products to perform to specifications, meet certain regulatory or industry standards (including product safety and information security standards, which may differ by region, geography and industry, and which are particularly stringent in the automotive industry), or other product defects, errors or security vulnerabilities, could lead to substantial damage to the products we sell to our customers, the devices into which our products are integrated and the end users of such devices, and potentially to our customers’ IT infrastructure.”

Annual report 2025A · The company itself

“The above is exacerbated by the fact that our products may be used, and perform critical functions, in various high-risk applications, including but not limited to: automobiles, including ADAS/AD functions; cameras and artificial intelligence, including home and enterprise security; home automation, including smoke and noxious gas detectors; medical condition monitoring; location and asset tracking and management, including wearables for child safety and elderly health; robotics, including public safety drones and autonomous municipality vehicles; and XR for treatment of phobias or PTSD, early detection of disorders or special needs, among others.”

Annual report 2025A · The company itself

“QSI makes strategic investments primarily through our Qualcomm Ventures arm that are focused on expanding or opening new opportunities for our technologies as well as supporting the design and introduction of new products and services (or enhancing existing products or services). Many of these strategic investments are in early-stage companies in a variety of industries and applications, including but not limited to 5G, AI, automotive, consumer, enterprise, cloud, IoT and XR.”

Annual report 2025A · The company itself

“We expect to continue to invest in research and development in a variety of ways in an effort to extend the demand for our products and technologies and to utilize that research and development in industries and applications beyond mobile handsets (such as automotive and IoT), including continuing the development of new modem and multimedia technologies and other technologies (such as ADAS/AD and XR), developing alternative technologies for certain specialized applications, participating in the formulation of new voice and data communication standards and technologies and assisting in deploying digital voice and data communications networks around the world.”

Annual report 2025A · The company itself

“In particular, our future growth depends in part on our ability to succeed in new and expanded product areas, and industries and applications beyond mobile handsets, including in automotive, IoT and data center; our ability to develop leading and cost-effective technologies and products for these new and expanded product areas, industries and applications; and third parties incorporating our technologies and products into devices used in these product areas, industries and applications.”

Annual report 2025A · The company itself

“We engage in acquisitions and other strategic transactions that we believe are important to the future of our business. We routinely acquire businesses and other assets, including patents, technology and other intangible assets, enter into joint ventures or other strategic transactions, and purchase minority equity interests in or make loans to companies, including those that may be private and early-stage.”

Annual report 2025A · The company itself

“Our strategic activities are generally focused on furthering our growth and diversification strategy in industries and applications beyond mobile handsets, opening or expanding opportunities for our products and technologies, and supporting the development and introduction of new products or services.”

Annual report 2025A · The company itself

“Increasingly, we also depend on operators of wireless networks, our customers and licensees and other third parties to incorporate these technologies into new device types and into industries and applications beyond mobile handsets, such as automotive and IoT, among others.”

Annual report 2025A · The company itself

“We make investments to provide our integrated circuit customers with chipsets designed on leading-edge technology nodes that combine multiple technologies for use in mobile devices; automotive systems for connectivity, digital cockpit and ADAS/AD; and IoT including consumer products, industrial devices and edge networking products.”

Annual report 2025A · The company itself

“Our platforms help power intelligent devices that people and businesses rely on every day across industries and applications from handsets to other areas, including automotive and the internet of things (IoT). In automotive, our Snapdragon® Digital Chassis™ platforms, including connectivity, digital cockpit and advanced driver assistance and automated driving (ADAS/AD), are helping to connect the car to its environment and the cloud, creating unique in-cabin experiences and enabling a comprehensive assisted and automated driving solution.”

Annual report 2025A · The company itself

“QCT develops and supplies integrated circuit platforms and system software with advanced connectivity and high-performance, low-power computing technologies for use in mobile devices; automotive systems for connectivity, digital cockpit and ADAS/AD; and IoT including consumer electronic devices, industrial devices and edge networking products.”

Annual report 2025A · The company itself

“QCT’s integrated circuit products are sold and its system software is licensed to manufacturers that use our products in a broad range of devices, from low-tier, entry-level devices primarily for emerging regions to premium-tier devices, including but not limited to mobile devices, wireless networks, devices used in IoT, broadband gateway equipment, consumer electronic devices and automotive systems.”

Annual report 2025A · The company itself

“Our licensees manufacture wireless cellular products such as mobile devices (including handsets), other consumer devices (e.g., tablets and PCs), plug-in end user data modem cards and embedded modules for incorporation into machine-to-machine devices and certain other devices, connected vehicle units and connected vehicle modules used in automobiles, wireless access points and small cells.”

Annual report 2025A · The company itself

“Revenue Concentrations and Significant Customers A small number of customers/licensees historically have accounted for a significant portion of our consolidated revenues. In fiscal 2025, revenues from Apple, Samsung and Xiaomi each comprised 10% or more of our consolidated revenues.”

Annual report 2025A · The company itself

“Further, while we derive a portion of our revenues from areas outside of mobile handsets, e.g., from industries such as automotive and IoT, certain product categories within those industries may in themselves be subject to high levels of customer concentration.”

Annual report 2025A · The company itself

“In addition, certain of our largest customers have in the past utilized, currently utilize and may in the future utilize our competitors’ integrated circuit products in some or all of their devices, rather than our products. Further, certain of those customers have developed, are developing or may develop their own integrated circuit products (effectively making them competitors), which they have in the past utilized, currently utilize or may in the future utilize in some or all of their devices, rather than our products.”

Annual report 2025A · The company itself

“In particular, in 2023, Pratt & Whitney determined that a rare condition in powder metal used to manufacture certain engine parts requires accelerated inspection of the PW1100 GTF fleet, which powers the A320neo family of aircraft. This 19 Table of Contents determination and corresponding fleet actions have resulted in, and are expected to continue to result in, an elevated level of aircraft on ground for the A320neo family of aircraft and significant incremental shop visits necessary to perform inspections on PW1100 GTF engines through the end of 2026.”

Annual report unknown yearA · The company itself

“Many of our products and services include both hardware and software that involve industrial machinery and intricate aviation and defense systems, including commercial and military jet engines, power and control systems, and other aircraft parts, air and missile defense systems, and military sensors and command and control systems.”

Annual report unknown yearA · The company itself

“Revenue Recognition - Contract Estimates at Completion As described in Note 1 to the consolidated financial statements, the majority of the Company’s revenues of $88.6 billion for the year ended December 31, 2025, are from long-term contracts associated with the design, development, manufacture or modification of complex aerospace or defense equipment or related services.”

Annual report unknown yearA · The company itself

“Collins sells aerospace and defense products and services to aircraft manufacturers, airlines, airports and other aircraft operators, the U.S. and foreign governments, defense contractors, maintenance, repair, and overhaul providers, and independent distributors around the world.”

Annual report unknown yearA · The company itself

“Collins’ largest commercial customers are Boeing and Airbus with combined sales, prior to discounts and incentives, of 16%, 16%, and 19% of total Collins segment sales in 2025, 2024, and 2023, respectively.”

Annual report unknown yearA · The company itself

“Pratt & Whitney sells products and services principally to aircraft manufacturers, airlines and other aircraft operators, aircraft leasing companies, and the U.S. and foreign governments.”

Annual report unknown yearA · The company itself

“Pratt & Whitney’s largest commercial customer by sales is Airbus, with sales, prior to discounts and incentives, of 29%, 31%, and 48% of total Pratt & Whitney segment sales in 2025, 2024, and 2023, respectively.”

Annual report unknown yearA · The company itself

“In addition, because we have significant business with Airbus and Boeing, our aerospace businesses could be adversely affected by challenges faced by these or other individual customers.”

Annual report unknown yearA · The company itself

“The Collins and Pratt & Whitney segments primarily serve commercial and government customers in both the original equipment manufacturer and aftermarket parts and services markets of the aerospace industry, while the Raytheon segment primarily provides products and services to government customers in the defense industry.”

Annual report unknown yearA · The company itself

“Business Risks The sales of many of our products are dependent on the health of the vehicle repair market and the changing requirements of vehicle repair. We believe sales of many of our products are dependent on the general aging of vehicles, increases in vehicle complexity, changes in vehicle technologies and the number of vehicles on the road. These factors affect the frequency, type and amount of service and repair performed on vehicles by technicians, and therefore affect the demand for the number of technicians, the prosperity of technicians and, consequently, the demand technicians have for our tools, other products and services, as well as the value technicians place on those products and services.”

Annual report 2026A · The company itself

“In addition, the development of emerging vehicle drivetrains and advanced driver assistance systems (ADAS) has increased in recent years, and further innovation is expected to continue in the future. While we believe that changes in vehicle technologies provide us with opportunities to develop innovative products and solutions for the vehicle repair market, if we are not able to effectively execute on those possibilities, our business and results of operations could suffer.”

Annual report 2026A · The company itself

“Mobile Van Channel In the United States, a significant portion of sales to the vehicle service and repair sector is conducted through Snap‑on’s mobile franchise van channel. Snap-on’s franchisees primarily serve vehicle repair technicians and vehicle service shop owners, generally providing weekly contact at the customer’s place of business. Franchisees’ sales are concentrated in hand and power tools, tool storage products, shop equipment, diagnostics, and repair information products, which can be transported in a van or trailer and demonstrated during a sales call. Franchisees purchase Snap-on’s products at a discount from suggested list prices and resell them at prices established by the franchisee.”

Annual report 2026A · The company itself

“The company began with the development of the original Snap-on interchangeable socket set and subsequently pioneered mobile tool distribution in the automotive repair market, where well-stocked vans sell to professional vehicle technicians at their place of business. Since that time, our principal value-creating mechanism has been to observe work and translate the insights gained into creative solutions that make essential tasks easier, meeting the needs of rapidly-evolving workplaces. Today, Snap-on extends its reach “beyond the garage,” and the company’s “coherent growth” strategy focuses on developing and expanding its professional customer base in its legacy automotive market, as well as in adjacent markets, additional geographies and other areas, including in critical industries, where the cost and penalties for failure are high.”

Annual report 2026A · The company itself

“The diagnostics, information and management systems product category includes handheld and computer-based diagnostic products, service and repair information products, diagnostic software solutions, electronic parts catalogs, business management systems and services, point-of-sale systems, integrated systems for vehicle service shops, OEM purchasing facilitation services, and warranty management systems and analytics to help OEM dealerships manage and track performance.”

Annual report 2026A · The company itself

“The equipment product category includes solutions for the service of vehicles and industrial equipment. Products include wheel alignment equipment, wheel balancers, tire changers, vehicle lifts, test lane equipment, collision repair equipment, vehicle air conditioning service equipment, brake service equipment, fluid exchange equipment, transmission troubleshooting equipment, safety testing equipment, battery chargers and hoists.”

Annual report 2026A · The company itself

“Snap-on is a leading manufacturer and distributor of professional tools, tool storage, diagnostics, equipment products, and repair software and solutions, offering a broad line of these products to both vehicle service and industrial marketplaces.”

Annual report 2026A · The company itself

“Snap-on’s primary customer segments include: (i) commercial and industrial customers, including professionals in critical industries and in emerging markets; (ii) professional vehicle repair technicians who purchase products through the company’s multinational mobile tool distribution network; and (iii) other professional customers related to vehicle repair, including owners and managers of independent service and repair shops, as well as original equipment manufacturer (“OEM”) dealership service and repair shops (“OEM dealerships”).”

Annual report 2026A · The company itself

“Approximately 41% of our net sales for fiscal 2025 were to customers in the automotive end market.”

Annual report unknown yearA · The company itself

“The Transportation Solutions segment’s products, which must withstand harsh conditions, are used in the following end markets: ● Automotive (75% of segment’s net sales)—We are one of the leading providers of advanced automobile connectivity solutions. The automotive industry uses our products in automotive technologies for body and chassis systems, convenience applications, driver information, infotainment solutions, miniaturization solutions, motor and powertrain applications, and safety and security systems.”

Annual report unknown yearA · The company itself

“The worldwide automotive market is highly competitive today and we expect it will become even more so in the future. A significant and growing number of established and new automobile manufacturers, as well as other companies, have entered, or are reported to have plans to enter, the market for electric and other alternative fuel vehicles, including hybrid, plug-in hybrid and fully electric vehicles, as well as the market for self-driving technology and services and other vehicle applications and software platforms.”

Annual report 2025A · The company itself

“The automotive segment includes the design, development, manufacturing, sales and leasing of high-performance fully electric vehicles as well as sales of automotive regulatory credits.”

Annual report 2025A · The company itself

“Additionally, the automotive segment also includes services and other, which includes sales of used vehicles, non-warranty maintenance services and collision, paid Supercharging sessions, automotive insurance business revenue, part sales and retail merchandise sales.”

Annual report 2025A · The company itself

“Förvärvet positionerar Tobii för att möta ökande regulatoriska krav, med DMS obligatoriskt i alla nya bilar i Europa senast 2026 och ökad användning av OMS drivet av Euro NCAP-standarder.”

Annual report 2024A · The company itself

“Tillväxten på denna marknad drivs av regulatoriska krav. I Europa måste alla nya bilar ha förarövervakningssystem senast 2026 och standarder från Euro NCAP innebär att system för passagerarövervakning kommer att öka.”

Annual report 2024A · The company itself

“Säkerhetskrav i fordonsindustrin Tobii utvecklar system för förar- och passagerarövervakning som uppfyller EU:s krav på obligatorisk teknik i nya bilar från 2026, vilket stärker trafiksäkerheten.”

Annual report 2024A · The company itself

“Årets viktigaste händelse var förvärvet och integrationen av FotoNations AutoSenseverksamhet, som breddar Tobiis kapacitet inom automotive interior sensing och stärker bolagets position inom förar- och passagerarövervakning, drivet av ökande regulatoriska krav.”

Annual report 2024A · The company itself

“Förvärvet av FotoNation gör Tobii till ledande aktör I januari 2024 slutförde Tobii förvärvet av FotoNation Ltd, där AutoSense-verksamheten ingick, och stärkte därmed vårt erbjudande inom automotive interior sensing. Genom att integrera AutoSenses Occupant Monitoring System (OMS) med Tobiis Driver Monitoring System (DMS) kan vi nu erbjuda mer kompletta och konkurrenskraftiga lösningar för globala OEM:er och Tier 1-leverantörer.”

Annual report 2024A · The company itself

“Breddat erbjudande inom fordonsindustrin I slutet av januari förra året slutförde Tobii förvärvet av Autosense, vilket stärker vårt erbjudande inom fordonsindustrin och positionerar oss som en av de tre största aktörerna på den växande marknaden för interior sensing-lösningar.”

Annual report 2024A · The company itself

“Strategiska samarbeten och design wins inom konsumentelektronik, fordonsindustrin och medicinsk teknologi stärker vår marknadsledande position och ökar kundernas förtroende. Innovationerna möjliggör transformativa tillämpningar som skapar värde för individer, organisationer och samhället.”

Annual report 2024A · The company itself

“Autosense stärker vår innovationskraft, breddar vårt erbjudande och skapar synergier för långsiktiga resultat.”

Annual report 2024A · The company itself

“Våra teknologier driver digital utveckling inom beteendeforskning, fordonssäkerhet, hälsovård, hjälpmedelsteknik, gaming och extended reality. De integreras i enheter som XR-headset, persondatorer, gamingtillbehör, smarta glasögon, medicinsk utrustning och fordon.”

Annual report 2024A · The company itself

“Autosense erbjuder fordons-OEM:er avancerade lösningar för förar- och passagerarövervakning som förbättrar säkerhet, komfort och upplevelse. Genom dessa interior sensing-lösningar, som kan implementeras med endast en kamera, driver vi innovation och möjliggör säkrare, mer personliga körupplevelser.”

Annual report 2024A · The company itself

“Integrationen har bidragit till: • Design wins med 12 OEM-varumärken. • DMS- och OMS-teknik i över 600000 fordon. • 100+ patent för interior sensing-teknologi.”

Annual report 2024A · The company itself

“DMS design win för kommersiella fordon Tobii har säkrat en design win för att leverera mjukvara till förarövervakningssystem (DMS) till en europeisk OEM-tillverkare av kommersiella fordon. Produktionen av sex fordonsmodeller startar i slutet av 2025.”

Annual report 2024A · The company itself

“Nya design wins för DMS med Tier-1 I slutet av året säkrade Tobii två nya design wins inom förarövervakningssystem (DMS) i samarbete med en Japanbaserad global Tier 1-fordonstillverkare. Dessutom har en befintlig design win med samma partner utökats och Tobii har nu totalt 12 OEM-kunder inom fordonsindustrin.”

Annual report 2024A · The company itself

“Den har utvecklats framgångsrikt med kontinuerliga framsteg och viktiga milstolpar uppnådda inom pågående OEM-program tillsammans med en ledande tysk premiumbilstillverkare och flera Tier 1-partners. Vi är också glada över att ha säkrat nya och utökade design wins för både kommersiella fordon och personbilar.”

Annual report 2024A · The company itself

“Vid årets slut var över 600 000 fordon utrustade med Tobiis interior sensing-lösningar och kundbasen växte till att omfatta 12 OEM-varumärken och över 150 fordonsmodeller, vilket ytterligare stärkte vår position i vår strävan att leda fordonsindustrin.”

Annual report 2024A · The company itself

“Tobiis teknologi kan integreras i olika enheter och produkter såsom glasögon, headsets, datorer, speltillbehör, kommunikationshjälpmedel, medicinsk utrustning och förarövervakningssystem.”

Annual report 2024A · The company itself

“Integrations-segmentet erbjuder OEM-tillverkare och konsumentelektronikföretag ett brett utbud av integrationsprodukter.”

Annual report 2024A · The company itself

“Autosense-segmentet tillhandahåller lösningar för interior sensing för fordonsindustrin som innefattar system för förarövervakning (Driver Monitoring Systems, DMS) och system för passagerarövervakning i kabinen (Occupant Monitoring Systems, OMS), till originaltillverkare av fordon (OEM:er). Lösningarna erbjuds antingen direkt till OEM:er eller indirekt via underleverantörer (Tier 1) och implementeras i både personbilar och kommersiella fordon.”

Annual report 2024A · The company itself

“Risks Related to our Strategy Our business focuses almost exclusively on the aerospace and defense industry. A period of significant market disruption in the aerospace and defense industry, or other macroeconomic factors, may disproportionately disrupt our business compared to more diversified peer companies.”

Annual report 2025A · The company itself

“BUSINESS The Company TD Group, through its wholly-owned subsidiary, TransDigm Inc., is a leading global designer, producer and supplier of highly engineered aircraft components that are critical to the safe and effective operation of nearly all commercial and military aircraft worldwide. Our products are represented in nearly every commercial and military aircraft in service today. Our business is well diversified due to the broad range of products we offer to our customers. We estimate that approximately 90% of our net sales for fiscal year 2025 were generated by proprietary products.”

Annual report 2025A · The company itself

“Customers We predominantly serve customers in the commercial, regional, business jet and general aviation aftermarket, which generally account for 30% to 35% of our annual net sales; the commercial aerospace OEM market, comprising large commercial transport manufacturers and regional and business jet manufacturers, which generally account for 25% to 30% of our annual net sales; and the defense market (which includes defense OEMs and aftermarket sales to the U.S. and friendly foreign governments), which generally account for approximately 35% to 40% of our annual net sales.”

Annual report 2025A · The company itself

“Our customers include: (1) distributors of aerospace components; (2) worldwide commercial airlines, including national and regional airlines; (3) large commercial transport and regional and business aircraft OEMs; (4) various armed forces of the United States and friendly foreign governments; (5) defense OEMs; (6) system suppliers; and (7) various other industrial customers.”

Annual report 2025A · The company itself

“Däremot brottades en av affärsenhetens norska verksamheter med stora utmaningar relaterade till produktion inom fordonssektorn. Med stora branschspecifika utmaningar i kombination med låg produktivitet och kvalitetsbristkostnader krävdes omfattande omstruktureringsåtgärder.”

Annual report 2024A · The company itself

“Vid produktionsanläggningarna i Gnosjö och Kongsvinger framställs komponenter till fordon och entreprenad maskiner samt för system inom infrastruktur i medelstora till större serier.”

Annual report 2024A · The company itself

“Volymerna avseende fordonsrelaterad produktion minskade något, delvis till följd av strategiska beslut.”

Annual report 2024A · The company itself

“De dominerande kundsegmenten för affärs enhetens företag utgörs av globala tillverkare av tunga fordon och personbilar samt jordbruks- och anläggningsmaskiner.”

Annual report 2024A · The company itself

“Kunderna finns främst inom sektorerna fordon och försvar.”

Annual report 2024A · The company itself

“Lasertechs kundstruktur omfattar företag inom branscher som fordon, försvar och medicinteknik.”

Annual report 2024A · The company itself

“Installationer sker över hela världen till kunder inom framför allt förpacknings- och fordonsindustrin.”

Annual report 2024A · The company itself

“All major verticals recorded growth in 2025, with the strongest performance in automotive, chemicals and machinery.”

Annual report 2025A · The company itself

“Terminals are uniquely positioned to help both shipping line and landside customers, with ~75%/25% of revenue, respectively, to grow their business and achieve better supply chain efficiency, flexibility and dependability. • Equipment electrification • Integration of renewable electricity For more details, see climate change in the sustainability statement, pages 63-78.”

Annual report 2025A · The company itself

“Industry X We combine our digital capabilities with deep engineering and manufacturing expertise. By using the combined power of digital and data we help our clients to reinvent and reimagine the products they make and how they make them.”

Annual report 2025A · The company itself

“Our embedded computing portfolio delivers high-performance, scalable solutions across CPUs, APUs, FPGAs, System-on-Modules (SOMs) and adaptive SoCs for markets such as automotive, industrial, healthcare, storage and networking with integrated AI processing capabilities.”

Annual report 2025A · The company itself

“Embedded products address computing needs in aerospace and defense, automotive, industrial, vision and healthcare, communications infrastructure, test and measurement, emulation and prototyping, audio, video and broadcasting, and data center.”

Annual report 2025A · The company itself

“SUSTAINABILITY, HEALTH AND SAFETY AT AFARAK GROUP Afarak Group extracts, processes, markets and trades specialised metals and is trusted by a highly diversified customer base that covers the aviation, nuclear, oil & gas and automotive industries.”

Annual report 2025A · The company itself

“Divisionen är ledande i Norden med 3 700 Divisionen erbjuder ingenjörsoch konsulttjänster inom produktutveckling, produktionssystem, IT och försvarsteknik. Divisionen är verksam i alla industrisektorer med en tyngdpunkt inom fordon, livsmedel och läkemedel.”

Annual report 2024A · The company itself

“Inom försvarssektorn var efterfrågan hög medan den inom fordonsindustrin och livs- och läkemedelsindustrierna var stabil.”

Annual report 2024A · The company itself

“Divisionen är en global och ledande Divisionen stödjer kunder i den hållbara omställningen inom energi, bioindustri, infrastruktur, industri och mobilitetssektorn genom strategisk rådgivning, framåtblickande marknadsanalys, operativ och digital transformation, M&A- och transaktionstjänster samt hållbarhetsrådgivning.”

Annual report 2024A · The company itself

“We serve a broad range of industries, including refining, chemicals, metals, electronics, manufacturing, medical, and food, providing essential industrial gases, related equipment, and applications expertise.”

Annual report 2025A · The company itself

“Akastor ◾ AMSC ◾ Philly Shipyard Porteføljen består også av eierskapet i flere unoterte selskaper, samt aktiv kapitalforvaltning gjennom investeringsselskapet Industry Capital Partners (ICP) og eiendomsinvesteringer gjennom Aker Property Group.”

Annual report 2024A · The company itself

“Aker Solutions provides products, systems and services ranging from concept studies and front-end engineering to integrated project execution and services to the global oil and gas industry. Aker Solutions also delivers consultancy and engineering services as well as technical solutions to support energy transition projects within offshore wind, electrification, hydrogen, carbon capture and storage and hydropower.”

Annual report 2024A · The company itself

“VOLVOKONCERNEN 2024 VÅR AFFÄR Cespira – ett joint venture med Westport lanserat I juni blev samriskföretaget mellan Volvokoncernen och Westport Fuel Systems om högtrycksinsprutning, Cespira, operativt. Cespiras strategi fokuserar på att utöka tillgången till högtrycksdirektinsprutning, så kallad HPDITM-bränslesystemsteknik genom att övervinna hinder för dess införande. Systemet gör det möjligt för förbränningsmotorer att drivas med koldioxidneutrala eller fossilfria bränslen som biobränslen, e-bränslen eller grönt väte utan att kompromissa med prestanda och effektivitet.”

Annual report 2024A · The company itself

“Ett år med stora produktlanseringar runt om i koncernen VOLVOKONCERNENS ÅRSREDOVISNING Drivande i utvecklingen av framtidens transporter och infrastrukturlösningar Volvokoncernen bidrar till ett ökat välstånd genom att erbjuda transport- och infrastrukturlösningar som lastbilar, bussar, anläggningsmaskiner och motorer för marina och industriella applikationer samt finansiering och tjänster som ökar kundernas drifttid och produktivitet.”

Annual report 2024A · The company itself

“Vi har starka positioner med våra olika varumärken på våra stora marknader och 2024 var ett år med stora lanseringar för att ytterligare stärka vår närvaro. Volvo Lastvagnar lanserade en ny serie tunga lastbilar för Europa, Australien och marknader i Asien och Afrika samt en helt ny tung lastbilsplattform för den nordamerikanska marknaden, där Volvo VNL med sovhytt var den första modellen ut.”

Annual report 2024A · The company itself

“Business activities The Volvo Group drives prosperity through transport and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase our customers’ uptime and productivity.”

Annual report 2024A · The company itself

“VOLVOKONCERNEN 2024 FÖRVALTNINGSBERÄTTELSE Lastbilar God lönsamhet på lägre volymer Under 2024 minskade den valutajusterade nettoomsättningen i lastbilsverksamheten med 2% till 360.610 Mkr till följd av lägre leveranser. Det justerade rörelseresultatet uppgick till 45.826 Mkr, vilket motsvarar en justerad rörelsemarginal på 12,7%.”

Annual report 2024A · The company itself

“Justerat för valutakursförändringar minskade nettoomsättningen med 2%, varav fordonsförsäljningen minskade med 3% och serviceförsäljningen ökade med 3%.”

Annual report 2024A · The company itself

“De flesta av Volvokoncernens kunder är verksamma inom transportindustrin eller i bygg- och anläggningsbranschen.”

Annual report 2024A · The company itself

“Specialty products are essential in both internal combustion and electric vehicles, from high-voltage cables and powertrains to airbags and tires.”

Annual report 2025A · The company itself

“Within our PCS product line, we manufacture organometallic co-catalysts (e.g., aluminum, magnesium, and zinc alkyls) used in the manufacture of alpha-olefins (e.g., hexene, octene, decene), polyolefins (e.g., polyethylene and polypropylene), and electronics.”

Annual report 2025A · The company itself

“Many of our customers are in industries, including the electronics, building and construction, oilfield and automotive industries, that are cyclical in nature, or which are subject to secular market downturns or may face adverse effects of evolving regulatory regimes.”

Annual report 2025A · The company itself

“Top 20 tenants 84% of Top 20 Tenant Annual Rental Revenue Is From Investment-Grade or Publicly Traded Large Cap Tenants(1) Our properties are leased to a high-quality and diverse group of tenants, with no individual tenant accounting for greater than 6.1% of our annual rental revenue in effect as of December 31, 2025.”

Annual report 2025A · The company itself

“(2)Represents a single-tenant project that expands the existing Campus Point by Alexandria Megacampus, where we currently have a 56.4% interest. The project is fully leased to a longtime multinational pharmaceutical tenant that currently occupies two buildings on the Megacampus: one building aggregating 52,620 RSF and another building aggregating 52,853 RSF.”

Annual report 2025A · The company itself

“Allstate at a Glance We empower customers with protection to help them achieve their hopes and dreams We provide affordable, simple and connected protection solutions We create opportunity for our team, economic value for our shareholders and improve communities 211 million policies in force (“PIF”) 53,000 employees 3rd largest personal property and casualty insurer in the United States (1) $83.24 billion investment portfolio What we do •Auto, homeowners and other personal lines insurance •Consumer product protection plans •Select commercial property and casualty coverages •Automotive protection and insurance products •Investment portfolio management •Roadside assistance •Identity protection •Mobility intelligence services and analytic solutions using automotive telematics information •Individual health insurance (1) Based on 2024 statutory direct premiums written according to A.M.”

Annual report 2025A · The company itself

“Within Google Services, we continue to invest heavily in devices, including our smartphones, home devices, and wearables, which is a highly competitive market with frequent introduction of new products and services, rapid adoption of technological advancements by competitors, increased market saturation in developed countries, short product life cycles, evolving industry standards, continual improvement in performance characteristics, and price and feature sensitivity on the part of consumers and businesses.”

Annual report 2025A · The company itself

“In the ERCOT region of Texas, AEP Texas customers are required to choose an REP for generation service and pay market-based rates.”

Annual report 2025A · The company itself

“Personal Lines: Products include personal auto and homeowners in selected markets, comprehensive extended warranty, device protection insurance, home warranty and related services, and insurance for high net-worth individuals offered through Private Client Select (PCS) in the U.S. that covers auto, homeowners, umbrella, yacht, fine art and collections.”

Annual report 2025A · The company itself

“ITEM 7 | Business Segment Operations | General Insurance GLOBAL PERSONAL The Global Personal segment consists primarily of Global Accident & Health and Personal Lines insurance businesses in the United States, Japan, the United Kingdom, EMEA region, Asia Pacific, Latin America and Caribbean, and China.”

Annual report 2025A · The company itself

“Personal Lines products include personal auto and homeowners in selected markets, comprehensive extended warranty, device protection insurance, home warranty and related services, and insurance for high net-worth individuals offered through Private Client Select (PCS) in the U.S. that covers auto, homeowners, umbrella, yacht, fine art and collections.”

Annual report 2025A · The company itself

“The following is a list of significant customers (representing at least 10% of revenue in any of the last three years) and the percentage of our total revenues for the specified time periods received from these customers: For the year ended December 31, 2025 2024 2023 T-Mobile 18 % 19 % 19 % AT&T 17 % 18 % 18 % Verizon Wireless 14 % 13 % 14 % Telefónica 10 % 10 % 10 % One or more of our customers, or their parent companies, may experience financial difficulties, file for bankruptcy, reduce or terminate their operations or exit certain markets as a result of a prolonged economic downturn, economic difficulties (such as those from the imposition of taxes, fees (including the cost of, and access to, spectrum), regulations or judicial interpretations of regulations, and any associated penalties or interest, which may be substantial) or otherwise.”

Annual report 2025A · The company itself

“Revenue Recognition ​ The Company’s primary source of revenues consist of product sales to either end customers and their appointed contract manufacturers (including original equipment manufacturers) or to distributors.”

Annual report 2025A · The company itself

“•Power Management & Reference—Power management and reference products, which include functions such as power conversion, driver monitoring, sequencing and energy management, provide efficient solutions for power management and conversion applications in the automotive, communications, industrial and high-end consumer markets.”

Annual report 2025A · The company itself

“Our offerings include both standard and application-specific products and are used in applications such as: • Utility meters • Wind turbines • Electric vehicle charging infrastructure • Solar inverters • Substation relays and automation equipment • Building energy automation/control Automotive — We develop differentiated, high-performance signal processing technologies that enable intelligent, efficient and immersive mobility solutions across electrification, digital cabin systems and autonomous platforms. Collaborating with global mobility solution providers, we deliver a comprehensive portfolio of analog, digital, power and sensor ICs engineered to meet the complex demands of modern mobility systems. Our innovations in precision sensing, edge processing and connectivity empower real-time insights and system-level intelligence, helping transform mobility platforms into dynamic, software-defined environments. These technologies support immersive user experiences, optimize energy efficiency and enable mission-critical perception and navigation capabilities across a wide range of mobility applications.”

Annual report 2025A · The company itself

“Further, we sell to customers in industries such as automotive (including autonomous vehicles), aerospace, defense, healthcare and industrial, where failure of the systems in which our products are integrated could cause damage to property or persons.”

Annual report 2025A · The company itself

“Principal Products and Services Risk Capital Commercial Risk Solutions uses Risk Capital’s extensive data and analytics capabilities to provide brokerage and consulting services that help organizations develop, improve, and implement their risk management strategies. Commercial Risk Solutions includes insurance and specialty brokerage, global risk consulting, captives management, and Affinity programs.”

Annual report 2025A · The company itself

“Risk Capital Commercial Risk Solutions revenue increased $636 million, or 8%, to $8.5 billion in 2025, compared to $7.9 billion in 2024. Organic revenue growth was 6% in 2025, reflecting strong growth in North America and EMEA, driven by net new business and ongoing strong retention. Performance was highlighted by strong growth in U.S. core P&C and double-digit increases in M&A services and construction.”

Annual report 2025A · The company itself

“The investment portfolios of the credit-oriented funds Apollo manages include several asset classes as described below as of December 31, 2025: •Direct Origination ($302.1 billion of AUM), includes large corporate direct origination, middle-market direct lending, and investment grade and performing credit mandates across managed accounts and CLOs. Apollo’s direct origination platform is built to offer companies a variety of financing solutions across investment grade and below investment grade, and public and private markets.”

Annual report 2025A · The company itself

“The Company’s minority market share in the global smartphone, personal computer, tablet and wearables markets can make developers less inclined to develop or upgrade software for the Company’s products and more inclined to devote their resources to developing and upgrading software for competitors’ products with larger market share.”

Annual report 2025A · The company itself

“Med kunder som globale merkevarer, inkludert Nike, understreker JetCarrier sin kommersielle styrke.”

Annual report 2024A · The company itself

“Bland annat ökade koncernens försäljning av patienthanteringsutrustning, som sedan pandemin sett en något svagare utveckling i USA.”

Annual report 2024A · The company itself

“För jämförbara segment minskade nettoomsättningen med 4 procent.”

Annual report 2024A · The company itself

“Efterfrågan inom byggindustrin är fortsatt svag men i nivå med föregående år medan fordonsindustrin har ytterligare försvagats.”

Annual report 2024A · The company itself

“Change Net earnings, as reported $ 183 $ 175 5 % Provision for income taxes 66 63 Depreciation 40 38 Amortization 22 14 Change in estimated acquisition earnout payables 2 — Total EBITDAC 313 290 8 % Net (gains) on divestitures (2) — Acquisition integration 9 3 Workforce and lease termination related charges 12 7 Acquisition related adjustments 4 — Levelized foreign currency translation — — EBITDAC, as adjusted $ 336 $ 300 12 % Net earnings margin, before reimbursements, as reported 11.6 % 12.1 % - 51 bpts EBITDAC margin, before reimbursements, as adjusted 21.2 % 20.7 % + 54 bpts Reported revenues before reimbursements $ 1,585 $ 1,451 Adjusted revenues - before reimbursements - see page 37 $ 1,583 $ 1,450 Fees - In 2025, new business production was strong, while client retention remained excellent relative to 2024.”

Annual report 2025A · The company itself

“Our retail brokerage operations place nearly all lines of commercial property/casualty and health and welfare insurance coverage.”

Annual report 2025A · The company itself

“ASPO’S VALUE CHAINS Raw materials Vessel building Procurement of goods and services Fleet management Chartering Second life of vessel End-of-life management Raw materials Ingredient production and processing Product and assortment development & innovation Sourcing & supply chain management Food producers Retail / Food service Consumers Raw materials Chemical producers Technical & industry expertise Sourcing, mixing/packing & logistics Industrial customers and wholesale End-users End-of-life management reduction measures also require close and long-term cooperation with customers.”

Annual report 2025A · The company itself

“Autoteollisuus-asiakassegmentin liikevaihto laski 9 % vertailukaudesta ja oli 7,0 (7,7) miljoonaa euroa.”

Annual report 2024A · The company itself

“In Global Automotive, we continue to expand and protect our position through new and renewed partnerships across distribution channels, including large dealer groups.”

Annual report 2025A · The company itself

“U.S. new vehicle sales have shown modest improvements since 2024, remaining stable despite tariff uncertainty, while affordability challenges continue to steer more buyers toward the used vehicle market. Inventory of used vehicles has recovered slightly from the shortages of 2021-2022, but remains below historical levels, with scarcity of low-mileage vehicles keeping prices elevated.”

Annual report 2025A · The company itself

“Through our Global Lifestyle segment, we provide mobile device solutions, extended service contracts and related services for consumer electronics and appliances, and credit and other insurance products (referred to as “Connected Living”); and vehicle protection services, commercial equipment protection and other related services (referred to as “Global Automotive”).”

Annual report 2025A · The company itself

“Global Lifestyle Years Ended December 31, 2025 2024 2023 Net earned premiums, fees and other income by product: Connected Living (1) $ 5,378.7 $ 4,807.9 $ 4,376.8 Global Automotive 4,203.8 4,159.4 4,184.6 Total $ 9,582.5 $ 8,967.3 $ 8,561.4 Segment Adjusted EBITDA $ 801.3 $ 773.4 $ 792.3 Segment equity (2) $ 5,163.2 $ 4,830.9 $ 4,822.0 (1)For the years ended December 31, 2025, 2024 and 2023, 53.0%, 50.6%, and 44.8%, respectively, of net earned premiums, fees and other income was from mobile device solutions; 34.4%, 38.8%, and 44.7%, respectively, was from extended service contracts and related services for consumer electronics and appliances; and 12.6%, 10.6%, and 10.5%, respectively, was from financial services and other insurance products.”

Annual report 2025A · The company itself

“In Global Automotive, we partner with auto dealers and agents, third-party administrators, manufacturers, equipment retailers and large banks and financing companies to market our vehicle protection, commercial equipment products and other related services.”

Annual report 2025A · The company itself

“Examples of important business arrangements include: in Global Lifestyle, exclusive and non-exclusive relationships with the mobile eco-system (including carriers, retailers, OEMs and cable MSOs), dealerships and agents, consumer electronics retailers, appliance retailers (including e-commerce retailers), commercial equipment manufacturers and dealers, and financial, insurance and other institutions through which we distribute our products and services; and in Global Housing, exclusive and non-exclusive relationships with mortgage lenders and servicers, manufactured housing lenders, property managers, and financial, insurance and other institutions.”

Annual report 2025A · The company itself

“Manufacturing (“MFG”) •Fusion Fusion is the first 3D CAD, CAM, and computer-aided engineering (“CAE”) tool of its kind. It connects the entire product development process on a single cloud-based platform.”

Annual report 2026A · The company itself

“Our product development and manufacturing software provides manufacturers in automotive, transportation, industrial machinery, consumer products, and building product industries with comprehensive digital design, engineering, manufacturing, and production solutions.”

Annual report 2026A · The company itself

“Demand for the products we sell may be affected by a number of factors we cannot control, including: ● the number of older vehicles in service. Vehicles seven years old or older are generally no longer under the original vehicle manufacturers’ warranties and tend to need more maintenance and repair than newer vehicles. ● the number of miles vehicles are driven.”

Annual report 2025A · The company itself

“(“AutoZone,” the “Company,” “we,” “our” or “us”) is a leading retailer and distributor of automotive replacement parts and accessories in the Americas. We began operations in 1979 and at August 30, 2025, operated 6,627 stores in the United States (“U.S.”), 883 stores in Mexico and 147 stores in Brazil. Each store carries an extensive product line for cars, sport utility vehicles, vans and light duty trucks, including new and remanufactured automotive hard parts, maintenance items, accessories and non-automotive products.”

Annual report 2025A · The company itself

“Our tapes portfolio includes bonding and functional materials for applications in various industry sectors such as automotive, building and construction and electronics.”

Annual report 2025A · The company itself

“Our graphics and reflective products include a variety of films and other products that are sold to the architectural, commercial sign, digital printing and related market segments. We also sell durable cast and reflective films to the construction, automotive and fleet transportation market segments and reflective films for traffic and safety applications.”

Annual report 2025A · The company itself

“Vi kommer dock att addera transparens kring applikationsutveckling inom de fem strategiska terapeutiska områdena Ortopedi, Kardiologi, Neurologi, Urologi och Vaskulär åtkomst.”

Annual report 2024A · The company itself

“We provide luxury sound systems to selected automotive brands and offer elevated audio experiences to premium”

Annual report 2026A · The company itself

“The TCL partnership continued to ramp up albeit impacted by quarterly fluctuations.”

Annual report 2026A · The company itself

“We provide luxury sound systems to selected automotive brands and offer elevated audio experiences to premium  proposition.”

Annual report 2026A · The company itself

“Revenue related to the automotive industry was on par year-on-year.”

Annual report 2026A · The company itself

“Plåt i olika former, t ex varmvalsad, kallvalsad eller metallbelagd. Används inom bl a byggnation, fordonsindustrin samt maskin- och processindustrin.”

Annual report 2024A · The company itself

“Plåt, profiler, stång och rör. Används av legotillverkare och OEM-företag till bl a byggnation, skyltar och vägmärken samt inom flyg-, fordons- och förpackningsindustrin.”

Annual report 2024A · The company itself

“Kundbasen är väldiversifierad med företag i sektorer som verkstad, fordon, medicinteknik och infrastruktur.”

Annual report 2024A · The company itself

“Företaget tillverkar också utbytesfjädrar för eftermarknaden för personbilar och lätta lastbilar.”

Annual report 2024A · The company itself

“Genom förvärvet stärker Lesjöfors sitt erbjudande inom framför allt fjädrar för tätningar. Clifford Springs levererar främst fjädrar till tätnings- och ventilindustrin i UK, Europa och USA.”

Annual report 2024A · The company itself

“Given the retail price transparency available through online platforms, and the fact that franchised dealers acquire vehicles from the manufacturers on the same terms irrespective of volume, the location and quality of the dealership facility, customer service and transaction speed are key differentiators in attracting customers.”

Annual report unknown yearA · The company itself

“The GEICO insurance subsidiaries’ principal business is the sale of private passenger automobile insurance to individuals in all 50 states and the District of Columbia. GEICO subsidiaries also sell insurance for motorcycles, all-terrain vehicles, recreational vehicles, boats and commercial vehicles, primarily through direct response methods in which applications for insurance are submitted directly to the companies via the Internet or by telephone, and to a lesser extent, through insurance agencies.”

Annual report unknown yearA · The company itself

“(“PCC”), based in Lake Oswego, Oregon, manufactures complex metal components and products and provides high-quality investment castings, forgings, fasteners/fastener systems and aerostructures for critical aerospace and power and energy applications. PCC also manufactures (1) investment castings and forgings for general industrial, armament, medical and other applications; (2) nickel, titanium and cobalt alloys in all standard mill forms, including specialty alloys used to produce investment castings and forgings for the aerospace, chemical processing, oil and gas, pollution control and other industries; (3) fasteners and engineered products for automotive and general industrial markets; and (4) other products and services for various markets and applications.”

Annual report unknown yearA · The company itself

“PCC is also a leading developer and manufacturer of highly engineered fasteners, fastener systems, aerostructures and precision components, primarily for critical aerospace applications. These products are produced for the aerospace and power and energy markets, as well as for construction, automotive, heavy truck, farm machinery, mining and construction equipment, shipbuilding, machine tools, appliances and recreation markets.”

Annual report unknown yearA · The company itself

“The Transportation Products group serves the automotive and heavy-duty highway transportation industries with precision-molded plastic components; aluminum tubing and extrusions; replacement parts and solutions for the automotive aftermarket; dry van, flatbed, lowbed and specialty trailers; and truck and trailer components.”

Annual report unknown yearA · The company itself

“Johns Manville Johns Manville Corporation (“JM”), based in Denver, Colorado, is a leading manufacturer and marketer of premium-quality products for building insulation, mechanical and industrial insulation, commercial roofing and roof insulation, as well as reinforcement fiberglass and technical nonwovens. JM serves markets that include residential and nonresidential buildings, automotive and transportation, air handling, appliance, HVAC, pipe and equipment, air and liquid filtration, waterproofing, flooring, interiors, aerospace and wind energy.”

Annual report unknown yearA · The company itself

“(“BHA”) is one of the largest automotive retailers in the U.S., operating 108 new vehicle franchises through 83 dealerships located primarily in major metropolitan markets in the U.S. The dealerships sell new and used vehicles, vehicle maintenance and repair services, extended service contracts, vehicle protection products and other aftermarket products.”

Annual report unknown yearA · The company itself

“PCC has several significant customers, including aerospace original equipment manufacturers (“OEMs”) (Boeing and Airbus) and aircraft engine manufacturer suppliers (GE Aerospace, Rolls Royce and Pratt & Whitney).”

Annual report unknown yearA · The company itself

“IMC’s customer base is very diverse, with its primary customers being large, multinational businesses in the automotive, aerospace, engineering and machinery industries.”

Annual report unknown yearA · The company itself

“TTI services a variety of industries including telecommunications, medical devices, computers and office equipment, military/aerospace, automotive and industrial electronics.”

Annual report unknown yearA · The company itself

“BHA maintains franchise agreements with 26 different vehicle manufacturers, although it derives a significant portion of its revenue from the Toyota/Lexus, General Motors, Ford/Lincoln, Nissan/Infiniti and Honda/Acura brands. These manufacturers normally represent approximately 90% of the revenue generated by BHA’s dealerships.”

Annual report unknown yearA · The company itself

“Under 2025 kommer BICO att fortsätta att lansera försäljnings- och marknadsföringsrelaterade initiativ, som leadsgenerering över bolagsgränserna och bättre nyttja koncernens kommersiella strategier. Målet är att öka andelen av försäljningen till pharma och biotech och minska andelen till akademin.”

Annual report 2024A · The company itself

“LIFE SCIENCE SOLUTIONS LAB AUTOMATION BIOPRINTING KUNDSEGMENT STRATEGISKA KUNDER • Pharma och biopharma (läkemedelsbolag och bioläkemedelsbolag) • Biotech (bioteknik) • Diagnostik TAKTISKA KUNDER • Akademi och forskningsorganisationer • Kosmetikföretag AFFÄRSOMRÅDEN MARKNAD & AFFÄRSMODELL STRATEGI 2.0 Strategisk Agenda Vision Mission Värdeord Effekt Strategiska fokusområden BICO MÖJLIGGÖR OCH AUTOMATISERAR FRAMTIDENS LIFE-SCIENCE LABB Tvåsiffrig organisk tillväxt exkl. valutaeffekter EBITDA-marginal minus balanserade utvecklingskostnader > 10 % Nettoskuld / EBITDA < 3.0x Vara förstahandsvalet som partner för labbautomation och tillhandahålla utvalda arbetsflöden till pharma och biotech Möjliggöra end-to-end labbautomation Trust Snabbhet och kvalitet genom automatiserad teknik Focus Effektivitet vid läkemedelsutveckling Collaboration Verktyg för att påskynda individanpassad medicin Grit Alternativ till djurförsök Vidareutveckla integrerade data- , AI-, och mjukvarulösningar Säkerställa beredskap för regelefterlevnad Tillhandahålla vetenskapliga lösningar för arbetsflöden Öka återkommande intäkter Finansiella mål STRATEGI 2.0 Strategiska Prioriteringar BESKRIVNING Commercial Excellence och förstärkning av den kommersiella kapaciteten för att driva lönsam tillväxt är BICOs främsta prioritet.”

Annual report 2024A · The company itself

“The Salmon business segment supplies high-quality feed, primarily to major salmon producers in key markets such as Norway, Scotland, Chile and Australia.”

Annual report 2025A · The company itself

“Fokus för verksamheten är underkläder, sportkläder, skor och väskor, samt via licenstagare även glasögon.”

Annual report 2024A · The company itself

“BXG seeks to deliver attractive risk-adjusted returns by investing in dynamic, growth-stage businesses, with a focus on the consumer, consumer technology, enterprise solutions, financial services and healthcare sectors.”

Annual report 2025A · The company itself

“Square Ecosystem We started Block with the Square ecosystem in February 2009 to enable businesses to accept card payments, a critical capability that had previously been inaccessible to many businesses. As our company grew, we recognized that sellers need a broad set of integrated solutions to operate efficiently and competitively.”

Annual report 2025A · The company itself

“Commercial Airplanes Segment This segment develops, produces and markets commercial jet aircraft principally to the commercial airline industry worldwide. We are a leading producer of commercial aircraft and offer a family of commercial jetliners designed to meet a broad spectrum of global passenger and cargo requirements of airlines. This family of commercial jet aircraft in production includes the 737 narrow-body model and the 767, 777 and 787 wide-body models.”

Annual report 2025A · The company itself

“Svag efterfrågan och kort marknad för koncentrat Den globala efterfrågan på bly ökade med 2 % jämfört med föregående år. Utbudet av blymetall ökade med 1 %.”

Annual report 2024A · The company itself

“Våra metaller är avgörande för transportsektorns framtid. En typisk elbil innehåller till exempel 30-40 kg nickel och 80 kg koppar. Galvaniserat stål används av fordonsindustrin för att förhindra att fordon rostar.”

Annual report 2024A · The company itself

“In addition, sales to batteries and oilfield chemicals showed good growth.”

Annual report 2024A · The company itself

“If there were a slowdown in vehicle sales in the United States or regulatory changes, including tax-related changes, affecting the sale of non-insurance warranty services and products by vehicle dealers, our F&I businesses may be negatively impacted, which may impact our results of operation.”

Annual report 2025A · The company itself

“The Retail segment provides a broad range of insurance products and services to commercial, public and quasi-public entities, and to professional and individual customers, as well as non-insurance warranty services and products through our automobile and recreational vehicle dealer services ("F&I") businesses.”

Annual report 2025A · The company itself

“Significant lines of coverage and capabilities are: Property & Casualty Employee Benefits Personal Insurance Property Group Health Homeowners Casualty Voluntary Benefits Automobile Workers' Compensation Pharmacy Benefits Personal Excess Liability Surety Independent Retirement Flood and Excess Liability Aviation International Benefits Flood and Excess Flood Private Equity/Mergers & Acquisitions Employer Stop Loss Specialized Coverages Executive Liability Long-Term Care Group Excess Cyber Risk Multinational Property & Casualty - Capabilities Employee Benefits - Capabilities Specialties Analytics Benefit Design & Delivery Dealer Services Modeling Financial Strategy & Analytics Specialty Risk Solutions Risk Services Regulatory & Legislative Strategy Tribal Nations Alternative Risk/Captives Technology Services Total Rewards & Compensation Specialty Risk Solutions Population Health & Well-Being Strategic Non-Medical Solutions Private Equity/Mergers & Acquisitions No material part of our Retail segment is attributable to a single customer or a few customers.”

Annual report 2025A · The company itself

“Commercial Lines: Specific industries and market niches are served by our commercial programs including automotive aftermarket, professional and amateur sports, special events and the entertainment industry; commercial transportation and trucking; forestry; manufactured 6 housing; and workers’ compensation.”

Annual report 2025A · The company itself

“Our F&I businesses earn commissions and fees from the sale of non-insurance warranty services and products by vehicle dealers. For the year ended December 31, 2025, we derived less than 4% of our annual total revenues from our F&I businesses.”

Annual report 2025A · The company itself

“Arrowhead Programs manages a diverse portfolio of professional liability, personal lines, commercial lines, public entity and specialty programs supported by over 100 well-capitalized insurance carriers. In most cases, the insurance carriers that support these programs have delegated underwriting and, in many instances, claims-handling authority These programs are generally distributed through a global network of independent agents and brokers, including Brown & Brown retail agents, and offer targeted products and services designed for businesses, individuals, specific industries, trade groups, professions, public entities, municipalities, and niche markets.”

Annual report 2025A · The company itself

“OUR INDUSTRY We operate in the professional segment (“Pro Segment”) of the U.S. residential building products supply market. Customers in the Pro Segment primarily include production and custom homebuilders, remodeling contractors, and multi-family builders.”

Annual report 2025A · The company itself

“Kretskorten som DP Patternings maskiner producerar används bl a inom RFID-antenner, fordonskomponenter, kommunikationsantenner, bärbar elektronik, försvarsindustri och LED-belysning.”

Annual report 2024A · The company itself

“NAST provides transportation and logistics services across North America through a network of offices in the United States, Canada, and Mexico.”

Annual report 2025A · The company itself

“Core EDA Our Core EDA products and solutions are essential in the design and verification of semiconductor chips, including analog, digital, mixed-signal, memory, radio-frequency (“RF”), and silicon photonics, and are widely used across multiple industries including automotive, aerospace and defense, consumer electronics, data centers, industrial, medical, and mobile.”

Annual report 2025A · The company itself

“These solutions, along with the rest of VLAB Works’ portfolio, address embedded software development challenges across several markets, including automotive OEMs, Tier 1 suppliers, and semiconductor companies, supporting trends like software-defined vehicles (“SDVs”) and software-defined systems (“SDx”).”

Annual report 2025A · The company itself

“These IP solutions are embedded in silicon chips deployed across high-volume markets, including automotive, hyperscale, mobile computing, and consumer products such as mobile phones and AI chips.”

Annual report 2025A · The company itself

“This acquisition complements our existing protocol and interface IP, memory interface IP, and SerDes IP at advanced nodes, enhancing our ability to address SoC design challenges across markets such as automotive, data center, mobile, internet of things (“IoT”), and consumer electronics.”

Annual report 2025A · The company itself

“The customers for these services primarily consist of semiconductor and systems companies developing products for the consumer, hyperscale computing, 5G communications, mobile, automotive, aerospace and defense, industrial and life science vertical sectors.”

Annual report 2025A · The company itself

“Our strategy is designed to increase our business among electronic systems companies, which are developing their own ICs and other electronic subsystems, and to increase our business among semiconductor companies, which are increasing their contribution to the end products into which their ICs and other electronic subsystems are incorporated. Part of this strategy involves addressing the needs across a variety of vertical sectors including consumer, hyperscale computing, mobile, communications, automotive, aerospace and defense, industrial and life sciences, where increased investment is expected by our customers.”

Annual report 2025A · The company itself

“Part of this strategy involves addressing the needs across a variety of vertical sectors including consumer, hyperscale computing, mobile, communications, automotive, aerospace and defense, industrial and life sciences, where increased investment is expected by our customers. Each of these sectors require technologies, expertise, and marketing and operations infrastructure that are application-specific.”

Annual report 2025A · The company itself

“Primary Loan Products We provide a variety of lending products. Our primary loan products include credit cards, auto loans and commercial lending products. •Credit cards: Consists of our domestic consumer card lending, personal loans, domestic small business card lending and international card businesses in the U.K. and Canada.”

Annual report 2025A · The company itself

“In addition, our financial performance may be influenced by the production and utilization of transport equipment, including truck production cycles in North America and Europe. Significant changes in these factors have in the past and may in the future have materially adverse impacts on our results of operations or financial condition.”

Annual report 2025A · The company itself

“The automotive retail industry is large – with approximately 37 million used auto retail transactions in the United States (“U.S.”) in 2024 according to Cox Automotive – and highly fragmented – with the top 10 used auto retailers in the U.S. accounting for less than 10% of the market share in 2024.”

Annual report 2025A · The company itself

“With more than 37 million transactions in 2024, according to Cox Automotive, the used vehicle retail market represents a massive, highly fragmented industry, of which Carvana currently has an estimated market share of only approximately 1.6%.”

Annual report 2025A · The company itself

“Adverse conditions affecting one or more automotive manufacturers could also impact the supply of vehicles and our inventory, change consumer car purchasing behaviors, and have a material adverse effect on our sales and results of operations.”

Annual report 2025A · The company itself

“Scaled Used Vehicle Infrastructure As of December 31, 2025, we continued to leverage our growing network of Reconditioning Sites throughout the U.S. and proprietary software for our vehicle reconditioning and logistics activities that required significant investment in time and capital to develop. This infrastructure gives us capacity to inspect and recondition approximately 1.5 million cars per year at full utilization.”

Annual report 2025A · The company itself

“Our Company Carvana is the leading e-commerce platform for buying and selling used cars. We are transforming the used car buying and selling experience by giving consumers what they want - a wide selection, great value and quality, transparent pricing, and a simple, no pressure transaction. Our differentiated business model combines a comprehensive online sales experience with a vertically integrated supply chain, designed to sell high-quality vehicles to our customers transparently and efficiently at a low price.”

Annual report 2025A · The company itself

“We primarily acquire our used vehicle inventory directly from customers, used car auctions, including by use of our growing digital auction platform, and wholesale used vehicle suppliers, including retail marketplace partners. Acquiring inventory directly from customers when they trade in or sell us their vehicles in a one-way transaction eliminates auction fees and provides for a more diverse set of vehicles.”

Annual report 2025A · The company itself

“We acquire vehicles for sale through numerous sources, including directly from consumers, from wholesale auctions, including our wholesale marketplace, from other large fleet operators, from original equipment manufacturers, and from other retailers, which are evaluated for mechanical soundness, consumer desirability, and relative value as prospective inventory.”

Annual report 2025A · The company itself

“Overview With 2025 sales and revenues of $67.589 billion, Caterpillar Inc. is shaping the future as the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.”

Annual report 2025A · The company itself

“Components of Revenues Cash and Spot Markets Revenue aggregated into cash and spot markets includes associated transaction and clearing fees, the portion of market data fees relating to associated U.S. tape plan market data fees, associated regulatory fees, and associated other revenue from the Company’s North American Equities, Europe and Asia Pacific, and Global FX segments.”

Annual report 2025A · The company itself

“Table of Contents OCC acts as a central counterparty on all transactions in listed equity options in our Options segment, and as such, guarantees clearance and settlement of all of our options transactions. We believe that any potential requirement for us to make payments under these guarantees is remote and accordingly, have not recorded any liability in the consolidated financial statements for these guarantees. Similarly, with respect to trades in U.S. listed equity options occurring on Cboe Options, C2, BZX, and EDGX, and to trades in CFE futures products cleared by OCC, we deliver matched trades of our customers to the OCC, which acts as a central counterparty on all transactions occurring on these exchanges and, as such, guarantees clearance and settlement of these matched options and futures trades.”

Annual report 2025A · The company itself

“Our client base includes major global pharmaceutical companies, many biotechnology companies; agricultural and industrial chemical, life science, veterinary medicine, medical device, diagnostic and consumer product companies; contract research and contract manufacturing organizations; and other commercial entities, as well as leading hospitals, academic institutions, and government agencies around the world.”

Annual report 2025A · The company itself

“Microbial Solutions is a premier global provider of in vitro methods for conventional and rapid quality control testing, including globally-mandated lot release testing for injectable products. The products and services are provided by our Endosafe®, Celsis® and Accugenix® businesses, which produce, globally distribute and service a comprehensive portfolio of endotoxin testing, microbial detection and identification kits, reagents, instruments, software, accessories, and laboratory services to a broad range of companies manufacturing and releasing products from the pharmaceutical, biotechnology, medical devices and consumer products companies.”

Annual report 2025A · The company itself

“Clients Our clients consist primarily of major biopharmaceutical companies; many small, emerging, and established biotechnology, agricultural and industrial chemical, life science, veterinary medicine, medical device, diagnostic and consumer product companies; contract research and contract manufacturing organizations; and other commercial entities, as well as leading hospitals, academic institutions, government agencies, and non-governmental organizations.”

Annual report 2025A · The company itself

“GSC manufactures aromatics, including benzene, toluene and xylene. These base chemicals are used to produce a range of products, including adhesives, plastics and textile fibers.”

Annual report 2025A · The company itself

“Huatai P&C provides a range of commercial and personal P&C products in China, including automobile, homeowners, property, professional liability, product liability, employer liability, business interruption, marine cargo, personal accident, supplemental health, and specialty risk.”

Annual report 2025A · The company itself

“•The North America Commercial P&C Insurance segment comprises operations that provide P&C and A&H insurance and services to large, middle market, and small commercial businesses in the U.S., Canada, and Bermuda. This segment includes our retail divisions: Major Accounts; Commercial Insurance, including Small & Lower Midmarket; Chubb Bermuda, our high excess business; and Westchester, our wholesale and specialty division. These divisions write a variety of coverages, including property, casualty, workers’ compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, excess casualty, and A&H insurance. •The North America Personal P&C Insurance segment comprises the business written by Chubb Personal Risk Services division, which includes high net worth personal lines business, with operations in the U.S. and Canada.”

Annual report 2025A · The company itself

“Chubb International, our retail division, provides commercial P&C, A&H and traditional and specialty personal lines for large corporations, middle markets and small customers through retail brokers, agents and other channels locally around the world. CGM provides commercial P&C excess and surplus lines wholesale business primarily through wholesale brokers in the London market and through Lloyd’s. These divisions write a variety of coverages, including traditional commercial P&C, specialty categories such as financial lines, marine, energy, aviation, political risk and construction, as well as group A&H and traditional and specialty personal lines.”

Annual report 2025A · The company itself

“North America Commercial P&C Insurance (38 percent of 2025 Consolidated NPE) Overview The North America Commercial P&C Insurance segment comprises operations that provide P&C and A&H insurance and services to large, middle market, and small commercial businesses in the U.S., Canada, and Bermuda.”

Annual report 2025A · The company itself

“Personal Lines Insurance Segment The personal lines insurance segment contributed net earned premiums of $3.199 billion to 2025 consolidated total revenues, or 25.3% of the total, and reported a loss before income taxes of $111 million. Personal lines net earned premiums rose 22% in 2025 and 28% in 2024.”

Annual report 2025A · The company itself

“Approximately 89% of our 2025 earned premiums for the excess and surplus lines insurance segment provided commercial casualty coverages for various insured liability claims.”

Annual report 2025A · The company itself

“Automobile The automobile portfolio consists of loans originated primarily through independent franchised dealers, including some located in select states outside of our primary geographic footprint. This portfolio is in runoff as we discontinued the origination of automobile loans in 2023.”

Annual report 2025A · The company itself

“Our P&R segment includes manufacturers, automakers, retailers, consumer goods companies, aerospace and defense companies, and travel and hospitality companies, as well as businesses providing logistics, energy and utility services.”

Annual report 2025A · The company itself

“The decrease in revenues during fiscal 2025 was primarily related to weak automotive and Silicon Carbide end market demand and macroeconomic conditions in the industrial segment, partially offset by $73 million higher shipments of laser systems in our display capital equipment market.”

Annual report 2026A · The company itself

“Our competitive advantage in automotive ceramic substrate products for catalytic converters and filter products for particulate emissions in exhaust systems is based on an advantaged product portfolio, collaborative engineering design services, customer service and support, strategic global presence and continued product innovation.”

Annual report 2025A · The company itself

“Corning’s industry-leading products include damage-resistant cover materials for mobile devices; precision glass for advanced displays; optical fiber, cable and connectivity solutions for advanced communications networks, such as fiber to the home and data centers, enabling artificial intelligence and connections around the world; trusted products to accelerate drug discovery and delivery; and clean-air technologies and technical glass for cars and trucks.”

Annual report 2025A · The company itself

“Automotive Segment The Automotive segment manufactures ceramic substrates and filter products for emissions control in mobile applications around the world as well as technical glass and optic products and solutions for the interior and exterior of vehicles. In the early 1970s, we developed an economical, high-performance cellular ceramic substrate that is now the standard for catalytic converters in vehicles worldwide.”

Annual report 2025A · The company itself

“Our automotive glass solutions business is delivering technical glass and optic product and process innovations that differentiate design, create connectivity, activate autonomy, and help shape sustainability for the automotive industry. Business innovations such as AutoGrade™ Gorilla® Glass, 3D ColdForm™ Technology and Fusion5™ Glass enable more reliable, higher quality, lighter weight and more economical auto interior cover glass parts and exterior windows.”

Annual report 2025A · The company itself

“We collaborated with Apple to deliver durable glass with infused color for the back of Apple’s iPhone 15 and iPhone 15 Plus devices.”

Annual report 2025A · The company itself

“As global emissions control regulations tighten, we have continued to develop more effective and durable ceramic substrate and filter products for gasoline and diesel applications, most recently launching low-mass Corning® FLORA® substrates and Corning® DuraTrap® GC gasoline particulate filters. We sell our ceramic substrate and filter products worldwide to catalyzers and manufacturers of emission control systems who then sell to automotive and diesel vehicle or engine 4 Table of Contents manufacturers.”

Annual report 2025A · The company itself

“Markets for our products depend largely on business and consumer spending and demand for network capacity, electronics and automotive products.”

Annual report 2025A · The company itself

“We generate revenue in our Vehicle Payments segment through a variety of program fees, including transaction fees, card fees, network fees and charges, as well as from interchange. These fees may be charged as fixed amounts, costs plus a mark-up, based on a percentage of the transaction purchase amounts, or a combination thereof. Our programs also include other fees and charges associated with late payments and based on customer credit risk.”

Annual report 2025A · The company itself

“Customers A large number of parties involved in commercial and residential real estate industries and the related business community use the services to obtain information needed to conduct their businesses, including: • Property owners • Government agencies • Real estate agents • Mortgage-backed security issuers • Real estate developers • Appraisers • Sales and leasing brokers • Pension fund managers • Property managers • Reporters • Hospitality owners • Tenant vendors • Design and construction professionals • Building services vendors • Real estate investment trust managers • Communications providers • Investment and commercial bankers • Insurance companies’ managers • Mortgage bankers • Institutional advisors • Mortgage brokers • Investors and asset managers • Retailers Our revenue streams are highly diversified.”

Annual report 2025A · The company itself

“Road Solutions CRH is a leading provider of materials, products and services for road construction in North America and Europe.”

Annual report 2025A · The company itself

“CRH’s leading positions of scale serve transportation and critical infrastructure, reindustrialization projects and commercial and residential construction activity.”

Annual report 2025A · The company itself

“Our largest customers are primarily comprised of wireless carriers that operate national networks. Our three largest tenants are T-Mobile, AT&T and Verizon Wireless. Collectively, these three tenants accounted for approximately 90% of our 2025 site rental revenues.”

Annual report 2025A · The company itself

“Through a network of approximately 30 terminals, the intermodal business serves all major markets east of the Mississippi River and transports mainly manufactured consumer goods in containers, providing customers with truck-like service for longer shipments. •The coal business shipped 718 thousand carloads (11% of volume) and generated $1.9 billion in revenue (13% of revenue) in 2025.”

Annual report 2025A · The company itself

“The Company’s merchandise business is comprised of shipments in the following diverse markets: chemicals, agricultural and food products, automotive, minerals, forest products, metals and equipment, and fertilizers.”

Annual report 2025A · The company itself

“This access allows the Company to meet the dynamic transportation needs of manufacturers, industrial producers, the automotive industry, construction companies, farmers and feed mills, wholesalers and retailers, and energy producers.”

Annual report 2025A · The company itself

“TDSI serves the automotive industry with distribution centers and storage locations.”

Annual report 2025A · The company itself

“CTEK avser även att bredda huvudfokuset till fler fordonskategorier genom ett utökat produkterbjudande och lansering av nya produkter.”

Annual report 2024A · The company itself

“CTEK har genom sitt teknikledarskap etablerat starka och långvariga kundrelationer med bland annat över 50 av världens mest prestigefyllda fordonstillverkare.”

Annual report 2024A · The company itself

“CTEK erbjuder lokalt anpassade lösningar för dess globala kundbas av fordonstillverkare. CTEKs högkvalitativa produkter är anpassade efter kundbehov såsom design och anpassad mjukvara för att bland annat erbjuda skräddarsydda laddningsprogram för specifika batterier.”

Annual report 2024A · The company itself

“Som teknologiska pionjärer har CTEK skapat högkvalitativa produkter och byggt starka relationer med över 50 av världens största fordonstillverkare.”

Annual report 2024A · The company itself

“The HOKA brand is an authentic premium line of yearround performance footwear, which offers enhanced cushioning and inherent stability with minimal weight. Originally designed for ultra-runners, the brand now appeals to world champions, tastemakers, and everyday athletes. Expansion into additional product categories, elevated marketing campaigns, and investments in brand experiences, coupled with strategic marketplace presence have fueled both domestic and international sales growth of the HOKA brand, which has quickly become a leading brand within run and outdoor specialty wholesale accounts and is growing across its global marketplace.”

Annual report 2026A · The company itself

“Similarly, the airline industry is heavily dependent on a limited number of aircraft and engine manufacturers whose products are subject to extensive regulatory requirements. Any significant problems associated with an aircraft or engine type that we operate, including new aircraft or engine types, such as design defects, mechanical problems, contractual performance by the manufacturers or adverse perception by the public leading to customer avoidance, or adverse actions by the FAA resulting in limitations on use or grounding could have a negative impact on our operations if we are not able to substitute or replace the affected aircraft or engine type. Any of the foregoing could have a material adverse effect on our financial condition and results of operations.”

Annual report 2025A · The company itself

“In the ordinary course of business, we enter into collaborative arrangements with third parties to expand into new markets, including with insulin device manufacturers to integrate our CGM technology into the third parties’ insulin delivery systems. We have also entered into collaborations with several organizations that are currently using, or are developing, programs for the treatment of Type 2 diabetes that utilize our current CGM systems.”

Annual report 2025A · The company itself

“Intresset för att etablera kontor och andra kommersiella verksamheter i våra städer har varit fortsatt högt. Under 2024 har vi välkomnat och tecknat avtal med flera spännande hyresgäster inom både offentlig och privat sektor, bland annat Plikt- och prövningsverket i Umeå, Akademiska Hus i Luleå, Kronofogden i Umeå och Luleå, H&M i Östersund och Skellefteå, Åhléns i Mora och Trafikverket i Sundsvall.”

Annual report 2024A · The company itself

“DNB er godt posisjonert for fortsatt lønnsom vekst isegmentet store bedrifter og internasjonale kunder.”

Annual report 2024A · The company itself

“Netto andre driftsinntekter økte med 5,5 prosent fra 2023, og utgjorde 8520 millioner kroner i 2024. Økningen kan i hovedsak tilskrives aktiviteter i Markets, og da særlig investeringsbanktjenester.”

Annual report 2024A · The company itself

“Dover's five operating and reportable segments are as follows: •Our Engineered Products segment provides a wide range of equipment, components, software, solutions and services to the vehicle aftermarket, aerospace and defense, industrial winch and hoist, precision soldering and fluid dispensing end-markets. •Our Clean Energy & Fueling segment provides components, equipment, software solutions and services enabling safe and reliable storage, transport, dispensing, and remote monitoring of traditional and clean fuels (including liquefied natural gas, hydrogen, and electric vehicle charging), cryogenic gases, and other hazardous substances along the supply chain, and safe and efficient operation of convenience retail, retail fueling and vehicle wash establishments.”

Annual report 2025A · The company itself

“Clean Energy & Fueling Our Clean Energy & Fueling segment provides components, equipment, software solutions and services enabling safe storage, transport, dispensing, and remote monitoring of clean and traditional fuels, cryogenic gases and other hazardous substances, as well as safe and efficient operation of convenience retail, retail fueling and vehicle wash establishments across the globe. Among solutions supplied by the segment are dispensing equipment and components for gasoline, compressed natural gas (CNG), liquefied natural gas (LNG) and hydrogen (H2) fueling sites, electric vehicle charging stations, payment systems, hardware and underground containment systems, vehicle wash systems, as well as asset tracking, monitoring and operational optimization software.”

Annual report 2025A · The company itself

“The Company's capital strategy is aligned with industry trends to expand investments focused on growth in certain end-markets, including electronics, infrastructure and mobility.”

Annual report 2025A · The company itself

“The segment serves customers, brand owners and ultimately consumers in key markets including food and specialty packaging; industrial and consumer packaging; health and hygiene; caps, closures and pipe applications; consumer durables; mobility; and infrastructure.”

Annual report 2025A · The company itself

“The business is also a leader in other ethylene derivatives, such as polyolefin elastomers, ethylene vinyl acetate and ethylene propylene diene monomer ("EPDM") rubber serving mobility; consumer; wire and cable; and construction end-markets.”

Annual report 2025A · The company itself

“These businesses primarily produce and market ethylene oxide and propylene oxide derivatives that are aligned to market segments as diverse as appliances; coatings; furniture and bedding; building and construction; mobility; electronics; surfactants for cleaning and sanitization; infrastructure; and oil and gas.”

Annual report 2025A · The company itself

“The Polyurethanes business is the world’s largest producer of propylene oxide, propylene glycol and polyether polyols, a leading producer of aromatic isocyanates and fully formulated polyurethane systems for rigid, semi-rigid and flexible foams, as well as a leading producer of coatings, adhesives, sealants, elastomers and composites that serve consumers; industrial; building and construction; and mobility end-markets. This includes applications for appliances; furniture; bedding; footwear; refrigerated transport; building insulation panels; electric vehicle battery assembly; automotive seat cushions and acoustics; and aircraft deicing fluids.”

Annual report 2025A · The company itself

“These businesses primarily utilize the Company's acrylics-, cellulosics- and silicone-based technology platforms to serve the needs of the architectural and industrial coatings; home and personal care; consumer and electronics; mobility; industrial and chemical processing; and infrastructure (including residential and commercial buildings) end-markets.”

Annual report 2025A · The company itself

“The Performance Silicones & Specialty Materials business delivers a comprehensive portfolio of performance-enhancing products to meet the diverse needs of customers in high-growth markets, including consumer and electronics; home and personal care; industrial and chemical processing; infrastructure; and mobility.”

Annual report 2025A · The company itself

“We provide supply chain services across most sectors, including bespoke solutions within the Aerospace and Defence, Automotive, Consumer, Healthcare, Industrials and Technology verticals.”

Annual report 2025A · The company itself

“With the integration of Schenker, DSV has become an industry-leading service provider in the transport and logistics industry. We move millions of shipments for our customers every year and have gained the trust of our customers and partners by ensuring reliable, efficient and value-adding transport and logistics services by air, sea, road and rail as well as warehousing services around the world.”

Annual report 2025A · The company itself

“The automotive industry remained challenged throughout the year, resulting in reduced volumes and gross profit across divisions.”

Annual report 2025A · The company itself

“In contrast, the automotive and retail sectors showed weaker performance, impacted by lower demand due to inventory adjustments, cautious consumer sentiment and shifts in the competitive landscape.”

Annual report 2025A · The company itself

“While activity increased in APAC and the US markets driven by the tariff effects, Europe faced pressure from weak performance in the automotive, consumer and retail sectors.”

Annual report 2025A · The company itself

“Acquisitions On August 1, 2023, the Company completed the acquisition of Spectrum Plastics Group ("Spectrum") from AEA Investors. Spectrum is a recognized leader in the advanced manufacturing of specialty medical devices and components with a strategic focus on key therapeutic areas such as structural heart, electrophysiology, surgical robotics and cardiovascular.”

Annual report 2025A · The company itself

“Table of Contents Industrial Technologies specializes in the design and production of engineered components, systems, and process solutions used in critical OEM and operational applications across industrial end markets such as automotive, aerospace, printing, and packaging. The segment focuses on light-weighting vehicles, enhancing safety and efficiency, and improving reliability, durability, and performance for next-generation vehicle, aircraft and industrial platforms. The product portfolio offers precision-engineered shapes and components, specialized lubrication systems, structural bonding solutions, and industrial printing plates for use in demanding production environments.”

Annual report 2025A · The company itself

“Vehicle Eaton provides differentiated technologies that improve safety, efficiency, and performance for customers in the automotive, commercial vehicle, aftermarket and off-road segments. The company is committed to enabling the transition to electrified vehicles (EVs) while also continuing to provide innovative and efficient internal combustion engine (ICE) solutions.”

Annual report 2025A · The company itself

“In 2025, 37% of this segment's sales were made to four large original equipment manufacturers of vehicles and related components. eMobility Principal methods of competition in this segment are product performance, technology, global service, and price.”

Annual report 2025A · The company itself

“Additionally, in 2025 we acquired Caramel, an end-to-end online automotive transactions solutions provider. As a result of this acquisition, we must comply with state-by-state automotive title transfer, identity and payment verification, finance and insurance requirements.”

Annual report 2025A · The company itself

“We also launched Secure Purchase which enables end-to-end digital vehicle transactions covering financing, insurance and title transfer creating a seamless experience for collectible and high-value automotive purchases.”

Annual report 2025A · The company itself

“In our Motors Parts & Accessories category, we provide tools that enable trusted and convenient transactions, including automated fitment data to help buyers identify the correct parts for their vehicles and provide the option to select professional installation services where available, while also offering free returns on qualifying purchases.”

Annual report 2025A · The company itself

“Discrete Automation The Discrete Automation segment includes solenoid valves, pneumatic valves, valve position indicators, pneumatic cylinders and actuators, air preparation equipment, pressure and temperature switches, electric linear motion solutions, programmable automation control systems and software, electrical distribution equipment, and materials joining solutions used primarily in discrete industries. Products within our Discrete Automation segment are marketed under a variety of brands including: Afag, Appleton, ASCO, Aventics, Branson, Movicon, PACSystems, SolaHD, TESCOM, and TopWorx.”

Annual report 2025A · The company itself

“med OEM:er engcon strävar efter att vara en oberoende leverantör av produkter och tjänster under eget varumärke till olika grävmaskinstillverkare (OEM:er).”

Annual report 2024A · The company itself

“These companies generate, transmit, distribute, and sell electric power to retail and wholesale customers in Arkansas, Louisiana, Mississippi, and Texas.”

Annual report 2025A · The company itself

“Volvo Cars, en stor lokal elkonsument, har tecknat en avsiktsförklaring med Eolus om att köpa el producerad från Västvind när projektet driftsätts. – Världens större hamnar kommer att bli energihubbar och vara centrum för tillverkning av vätgas och e-bränslen till sjöfart.”

Annual report 2024A · The company itself

“The growth in mortgage related services is primarily due to product pricing, partially offset by lower mortgage credit inquiry volumes in the current year compared to the prior year.”

Annual report 2025A · The company itself

“Increases in U.S. interest rates may also negatively impact the U.S. mortgage market, which may adversely affect the Company’s revenue, financial position and profitability.”

Annual report 2025A · The company itself

“USIS revenue growth is primarily due to growth in mortgage related online services.”

Annual report 2025A · The company itself

“Information Solutions revenue increased 10% in 2025 compared to 2024 primarily due to growth in Online Information Solutions which is due to growth in both mortgage and diversified markets revenue, as well as growth in Financial Marketing Services.”

Annual report 2025A · The company itself

“Our ability to maximize revenues depends on our ability to develop and grow a balanced customer base, consisting of a variety of companies, including enterprises, cloud, digital content and financial companies, and network service providers. We consider certain of these customers to be key magnets in that they draw in other customers.”

Annual report 2025A · The company itself

“Global enterprises, service providers and business ecosystems of industry partners rely on our IBX data centers and expertise around the world for the safe housing of their critical IT equipment and to protect and connect the 48 Table of Contents world's most valued information assets. They also look to Equinix for the ability to directly and securely interconnect to the networks, clouds and content that enable today's information-driven global digital economy.”

Annual report 2025A · The company itself

“The principal personal lines products are private passenger automobile and homeowners. The principal commercial lines products are commercial multi-peril, commercial automobile, and workers compensation.”

Annual report 2025A · The company itself

“Etteplan ilmoitti 16. tammikuuta 2025 vahvistavansa asemaansa Keski-Euroopassa ostamalla liikenteen sähköistymiseen ja moottoriteknologian kehittämiseen keskittyvän saksalaisen tuotekehitysyhtiö Novacon Powertrain GmbH:n koko osakekannan. Yritysosto tuo Etteplanille uuden tuotekehitysyksikön, jolla on vahvaa osaamista autoja junaliikenteen sähköistymisessä ja edistyksellisten voimansiirtolinjojen kehittämisessä.”

Annual report 2025A · The company itself

“Jatkoimme kasvustrategiamme toteuttamista yritysostoin hankkimalla vuoden aikana kaksi yhtiötä: tammikuussa liikenteen sähköistymiseen ja moottoriteknologian kehittämiseen keskittyvän saksalaisen tuotekehitysyhtiö Novacon Powertrain GmbH:n sekä syyskuussa automaation kokonaisratkaisuja tarjoavan ruotsalaisen Eltech Automation i Lund AB:n.”

Annual report 2025A · The company itself

“Autoteollisuus: Sulautetut järjestelmät, ohjelmistokehitys ja tekninen dokumentaatio ajoneuvoille ja kuljetusratkaisuille, painottaen yhteyksiä ja turvallisuutta sekä suunnittelua autoteollisuudelle.”

Annual report 2025A · The company itself

“•Motor provides protection to insurance companies offering motor liability and property damage. Losses may affect the underlying insured party or other claimants. •Agriculture/Crop provides protection for risks associated with agriculture and production of food.”

Annual report 2025A · The company itself

“Table of Contents Sales and Marketing Our customers include a wide variety of large enterprise businesses, public sector institutions, governments, and service providers, including many among Fortune 1000 and Business Week Global 1000 companies. Our customers include businesses in technology, telecommunications, financial services, transportation, education, manufacturing, healthcare, and government.”

Annual report 2025A · The company itself

“Table of Contents In addition to the FICO® Score, we offer several other broad-based scores, including specific FICO® Industry Scores. For example, in 2021 we introduced Bankcard and Auto Industry versions of FICO® Score 10.”

Annual report 2025A · The company itself

“Approximately 71% to 76% of our customers are in manufacturing end markets, which encompass heavy machinery, fabricated products, process industries (oil & gas, petrochemical, mining, pulp and paper, etc.), and transportation components (automotive, aerospace, etc.). We provide both the direct and indirect material needs of these customers.”

Annual report 2025A · The company itself

“FedEx Supply Chain FedEx Supply Chain is a supply chain solutions provider specializing in Product Lifecycle Logistics for technology, retail, consumer and industrial goods, and healthcare industries. With nearly 10,000 employees at over 150 facilities as of May 31, 2026, FedEx Supply Chain provides a comprehensive range of integrated logistics services to enable growth, minimize cost, mitigate supply chain risk, and improve customer services.”

Annual report 2026A · The company itself

“Vores nye mejeri kommer til at producere koncentrerede mælkeprodukter, som vil blive solgt og distribueret, gennem en samarbejdsaftale med Interfood, til Europas fødevareproducenter. Potentialet og udsigterne er betydelige, og dette initiativ vil spille en vigtig rolle i vores fortsatte udvikling og vækst.”

Annual report 2025A · The company itself

“NorthX tacklar komplexiteten i biologisk produktion genom att erbjuda skräddarsydda lösningar för sina kunder, från små läkemedelsutvecklande bolag till stora biofarmabolag. Genom att fysiskt anpassa sina anläggningar och processer för att möta föränderliga behov nyttjar bolaget sin affärsmodell för att leda branschens övergång mot individanpassade behandlingar.”

Annual report 2024A · The company itself

“One of our competitive strengths is our ability to leverage technology from one industry and apply it to a different application within another industry. For example, we leverage our experience in our data center-related 6 Table of Contents businesses to support power and compute applications in our automotive business.”

Annual report 2026A · The company itself

“We partner with customers across a diverse set of industries including data center, healthcare, industrial, automotive, communications, and lifestyle.”

Annual report 2026A · The company itself

“Our products and the manufacturing processes and design and engineering services we use to produce them are often highly complex, and some, particularly in the automotive and healthcare industries, must satisfy strict safety, quality, and regulatory standards.”

Annual report 2026A · The company itself

“Ford may face increased price competition for its products and services, including pricing pressure resulting from industry excess capacity, currency fluctuations, competitive actions, legal and policy changes, or economic or other factors, particularly for electrified vehicles.”

Annual report 2025A · The company itself

“The global automotive industry is intensely competitive, with installed manufacturing capacity generally exceeding current demand. Historically, industry overcapacity has resulted in many manufacturers offering marketing incentives on vehicles in an attempt to maintain and grow market share; these incentives historically have included a combination of subsidized financing or leasing programs, price rebates and reductions, and other incentives.”

Annual report 2025A · The company itself

“Ford develops and delivers innovative, must-have Ford trucks, sport utility vehicles, commercial vans and cars, and Lincoln luxury vehicles, along with connected services, including BlueCruise (ADAS) and security.”

Annual report 2025A · The company itself

“The Company offers freedom of choice through three customer-centered business segments: Ford Blue, engineering iconic gas-powered and hybrid vehicles; Ford Model e, inventing breakthrough electric vehicles (“EVs”), including extended range electric vehicles (“EREVs”), along with embedded software that defines always-on digital experiences for all customers; and Ford Pro, helping commercial customers transform and expand their businesses with vehicles and services tailored to their needs.”

Annual report 2025A · The company itself

“FORD BLUE SEGMENT Ford Blue primarily includes the sale of Ford and Lincoln internal combustion engine (“ICE”) and hybrid (excluding EREVs) vehicles, service parts, accessories, and digital services for retail customers, together with the associated costs of development, manufacture, and distribution of the vehicles, parts, accessories, and services.”

Annual report 2025A · The company itself

“Ford+ is our plan to thrive at the intersection of great vehicles, iconic brands, and innovative software and service, building Ford into a higher growth, higher margin, more capital efficient, and more durable company.”

Annual report 2025A · The company itself

“Our Ford+ plan is designed to leverage our foundational strengths with enhanced capabilities – enriching customer experiences and deepening loyalty.”

Annual report 2025A · The company itself

“FORD PRO SEGMENT Ford Pro primarily includes the sale of Ford and Lincoln vehicles, service parts, accessories, and services for commercial, government, and rental customers. Included in this segment are sales of all core Ford Pro vehicles, such as Super Duty and the Transit range of vans in North America and Europe and all sales of Ranger in Europe.”

Annual report 2025A · The company itself

“Business (Continued) In addition to the products we sell to our dealerships for retail sale, we also sell vehicles to our dealerships for sale to fleet customers, including commercial fleet customers, daily rental car companies, and governments.”

Annual report 2025A · The company itself

“Retail financing includes retail installment sale contracts for new and used vehicles and finance leases (comprised of sales-type and direct financing leases) for new vehicles to retail and commercial customers, including leasing companies, government entities, daily rental companies, and fleet customers.”

Annual report 2025A · The company itself

“We have made and may continue making significant investments in the auto OEM segment, the associated cost of which may negatively impact total company profits. We have been awarded several tier-one and tier-two auto OEM supplier contracts. To fulfill the associated program commitments, we have invested significantly in facilities, research and development, and other operating expenses.”

Annual report 2025A · The company itself

“Consumer Automotive: Garmin offers products for the consumer automotive markets and purpose-built products to support the ecosystems of the motorcycle, RV, trucking, and powersports markets.”

Annual report 2025A · The company itself

“Auto OEM Garmin has cultivated key relationships with leading automobile manufacturers to be the provider of a variety of hardware and software solutions for their vehicles. Garmin currently offers the following product categories to the global auto market: • Domain Controllers: Garmin is a tier-one supplier of domain controllers, offering remote computing modules that control various systems throughout a vehicle including infotainment, instrumentation, key advanced driver-assistance systems (ADAS) functionality, and rear seat entertainment.”

Annual report 2025A · The company itself

“These channels include retailers, telecom service providers, employee benefit providers, strategic partners, small offices, home offices, and very small businesses.”

Annual report 2026A · The company itself

“Trucks, crossovers, and cars sold currently have a variable profit of approximately 160%, 40%, and 60% of our GMNA portfolio on a weighted-average basis.”

Annual report 2025A · The company itself

“The following table reconciles Net income (loss) attributable to stockholders to EBIT-adjusted: Years Ended December 31, 2025 2024 2023 Net income attributable to stockholders $ 2,697 $ 6,008 $ 10,127 Income tax expense 338 2,556 563 Automotive interest expense 727 846 911 Automotive interest income (854) (967) (1,109) Adjustments EV strategic realignment(a) 7,914 — — China restructuring actions(b) 842 4,010 — Legal matters(c) 657 — — Cruise restructuring(d) 223 1,103 478 Separation costs(e) 87 200 1,035 GMI exit costs(f) 61 150 (111) Headquarters relocation(g) 55 64 — Buick dealer strategy(h) — 964 569 GM Korea wage litigation(i) — — (106) Total adjustments 9,839 6,491 1,865 EBIT-adjusted $ 12,747 $ 14,934 $ 12,357 __________ (a)These adjustments were excluded because they relate to our strategic realignment of our EV capacity and manufacturing footprint.”

Annual report 2025A · The company itself

“We serve the mainstream market with Chevrolet and GMC trucks, SUVs, and crossover utility vehicles, which are driving volume growth in premium-priced market segments.”

Annual report 2025A · The company itself

“Our Cadillac brand, which continues to grow, services the global luxury segment, while also maintaining strong market presence in North America.”

Annual report 2025A · The company itself

“Our network operates in large and fragmented markets with a combined total addressable market estimated to be over $200 billion.”

Annual report 2025A · The company itself

“Incorporated in the State of Georgia in 1928, Genuine Parts Company is a leading global service provider of automotive and industrial replacement parts and value-added solutions.”

Annual report 2025A · The company itself

“Segment Information We are a global service provider of automotive and industrial replacement parts and value-added solutions, and our operating segments are organized based on the type of product sold and geography.”

Annual report 2025A · The company itself

“Our North America Automotive and International Automotive segments distribute replacement parts for substantially all makes and models of automobiles, trucks, and other vehicles.”

Annual report 2025A · The company itself

“Together, these segments serve over one million customer locations including repair shops, dealerships, fleet operators, and retail consumers by delivering extensive product offerings with speed and reliability. Most orders are fulfilled quickly from well-stocked inventories, reducing vehicle downtime for our end customers. We serve two primary customer types: •Do-It-For-Me (DIFM): commercial customers including independent and national repair centers, dealerships, service stations, and public and private fleets. •Do-It-Yourself (DIY): retail customers who shop through company-owned and independently-owned stores as well as digital platforms.”

Annual report 2025A · The company itself

“In this industry, our primary competitors include other independent payment processors, card processing firms, third-party card processing software institutions, as well as financial institutions, ISOs, payment facilitators and, potentially, card networks.”

Annual report 2025A · The company itself

“Corporate. Corporate loans and lending commitments include term loans, revolving lines of credit, letter of credit facilities and bridge loans, and are principally used for operating and general corporate purposes, or in connection with acquisitions.”

Annual report 2025A · The company itself

“Den underliggande efterfrågan på HVAC-produk - ter, specialförpackningar och andra nischprodukter var stabil eller ökade jämfört med ett svagt 2023 till följd av en gradvis normalisering av nedströmslager. Efterfrågan från fordonsindu - strin minskade jämfört med föregående år, vilket främst berodde på att produktionstakten för nya fordon generellt sett var lägre.”

Annual report 2024A · The company itself

“Kommersiella risker avser främst Gränges relationer till kunderna och konkurrens på externa marknader som kan ha en direkt negativ påverkan på det finansiella resultatet. Exempel på sådana risker är kundrelationer, anseende och varumärke, avtalsrisk, prissättning, konkurrens och utbytbarhet, kvalitet, teknik och FoI, samt förvärv och partnerskap.”

Annual report 2024A · The company itself

“På kort sikt drivs försäljningen till fordonsindustrin främst av antalet tillverkade fordon.”

Annual report 2024A · The company itself

“Kundsamarbeten: Gränges har ett nära samarbete med kunderna för att utveckla produkter för framtida använd - ningsområden, i syfte att säkerställa en fortsatt hög kvalitet och uppfylla kundens krav. ● Program för verksamhetsförbättringar: Genom etablerade program för 6S- och lean-baserad produktion säkerställer Gränges att bolagets produkter håller en hög kvalitet och att produktionsprocesserna är effektiva. ● Konkurrenskraftig kostnadsnivå: Gränges arbetar på att upprätthålla en låg kostnadsnivå baserat på sin globala närvaro, som möjliggör en konkurrenskraftig prissättning. ● Forskning och innovation: Omfattande forskning och innovation ger Gränges möjlighet att fortsätta utveckla avancerade material och lösningar för att tillgodose nya behov.”

Annual report 2024A · The company itself

“Gränges har en ledande position inom valsat aluminium till lödda värmeväxlare, med en uppskattad global marknadsandel på 25 procent.”

Annual report 2024A · The company itself

“De används bland annat för effektiv klimatkontroll i fordon och byggnader, i elektrifiering, batterikomponenter och återvinningsbara förpackningar. av aluminium för utvalda nischer.”

Annual report 2024A · The company itself

“Huvudsakliga användningsområden är bland annat fordon, system för värme, ventilation och luftkonditionering i byggnader, specialförpackningar samt aluminiumfolie till livsmedelsförpackningar.”

Annual report 2024A · The company itself

“Effektiv klimatkontroll i fordon… Gränges är en marknadsledare inom material för värmeväxlare till fordonsindustrin som finns i varannan bil som tillverkas idag. … och i byggnader Värme, ventilation och luftkonditionering (HVAC) är den näst största marknaden.”

Annual report 2024A · The company itself

“Under 2024 stärkte Gränges ytterligare våra långsiktiga partnerskap med viktiga kunder. Vårt mål är att säkra första- eller andraplatsen inom nog - grant utvalda marknadsnischer där det finns stora värden genom ett nära samarbete med ledande företag inom respektive segment.”

Annual report 2024A · The company itself

“Gränges ökade framgångsrikt sin marknadsandel inom standardiserade valsade produkter för både bygg- och fordonsindustrin, skapade en bättre tillväxt än marknaden tack vare sin konkurrenskraftiga positionering och genom att vara en bra och engagerad långsiktig partner.”

Annual report 2024A · The company itself

“Gränges ambition är att vara en ledare i valda nischer genom långsiktiga partnerskap med branschledare, att skapa och upprätthålla en kundportfölj med ett högt och stabilt bidrag, samt att arbeta med innovation för tillväxt och resultat, utifrån en djup kunskap om kundernas behov.”

Annual report 2024A · The company itself

“Produktionen av lätta fordon är viktig för Gränges försäljning av värmeväxlarmaterial. Den växande andelen elfordon förväntas ytterligare stärka efterfrågan på Gränges material.”

Annual report 2024A · The company itself

“Gränges huvudsakliga kunder finns inom fordonsindustrin som svarar för 40 procent, HVAC-industrin som svarar för 18 procent och specialförpackningar samt övriga nischmarknader som svarar för 17 procent respektive 25 procent av försäljningsvolymen under 2024.”

Annual report 2024A · The company itself

“Bland HANZAs uppdragsgivare finns ledande industribolag som 3M, ABB, Epiroc, GE, Getinge, John Deere, Mitsubishi Logisnext, Oerlikon, Perkin Elmer, SAAB, Sandvik, Siemens och Tomra.”

Annual report 2024A · The company itself

“Competition The personal automobile and homeowners insurance markets are highly competitive.”

Annual report 2025A · The company itself

“Also, automobile technology advancements, including lane departure warnings, backup cameras, automatic braking and active collision alerts, continue to be deployed and are expected to improve driver safety and reduce the likelihood of vehicle collisions. However, these features include expensive parts, contributing to increasing average claim severity.”

Annual report 2025A · The company itself

“Commercial Automobile Covers damage to a business's fleet of vehicles due to collision or other perils (automobile physical damage). In addition to first party automobile physical damage, commercial automobile covers liability for bodily injuries and property damage suffered by third parties and losses caused by uninsured or under-insured motorists.”

Annual report 2025A · The company itself

“Harvia’s largest product group is heating equipment, which equals 54% of Harvia’s total revenue.”

Annual report 2025A · The company itself

“Nordamerika redovisade 0 % organisk tillväxt, med en stark utveckling inom Manufacturing Intelligence och Safety, Infrastructure & Geospatial som motverkades av en fortsatt svag utveckling på bygg- och infrastrukturmarknaderna, samt tuffa jämförelsetal inom Autonomous Solutions på grund av försvarskontrakt från föregående år.”

Annual report 2024A · The company itself

“Västeuropa redovisade en organisk tillväxt på -2 %, då fortsatta utmaningar inom tillverknings- och fordonsindustrin delvis uppvägdes av en stark efterfrågan inom flygindustrin samt en stabil utveckling inom Asset Lifecycle Intelligence.”

Annual report 2024A · The company itself

“Manufacturing Intelligences operativa nettoomsättning uppgick till 1 955,7 MEUR (2 013,0), med en oförändrad organisk tillväxt på 0 %. Stark efterfrågan inom flygindustrin och en stabil utveckling inom elektronik kompenserades av svaghet inom generell tillverkning och fordonsindustrin.”

Annual report 2024A · The company itself

“REFLECTING ON 2024 | OUR BUSINESS | VEHICLE INTEGRATION OFFERING Complete vehicle integration capabilities in Our unique vehicle integration capabilities coupled with our proprietary product portfolio of key components and technologies required for electrification of heavy-duty trucking, make us an attractive partner for truck OEMs.”

Annual report 2024A · The company itself

“As in previous years, hydrogen infrastructure was a sizable contributor to revenue growth, but hydrogen mobility also grew substantially in 2024, driven mainly by increased demand from our transit bus customers.”

Annual report 2024A · The company itself

“REFLECTING ON 2024 | HIGHLIGHTS 2024REFLECTING ON 2024 | HIGHLIGHTS 2024 Signed a multi-year supply agreement with GILLIG, a leading designer and manufacturer of heavy-duty transit buses in the United States, for supply of hydrogen fuel storage systems for their new fuel cell powered transit buses Secured an order from Freire Shipyard for a hydrogen fuel system for a Greenpeace vessel Successfully raised approximately NOK 1 billion in equity Selected by New Flyer, North America’s largest mass mobility solutions provider, to supply Type 4 hydrogen cylinders for the fifth consecutive year for their next generation, zero-emission hydrogen fuel cell-electric transit bus, the Xcelsior CHARGE FC™ REFLECTING ON 2024 | HIGHLIGHTS 2024REFLECTING ON 2024 | HIGHLIGHTS 2024 The broader energy transition is developing slower than expected in Europe and North America, creating a challenging market backdrop and limited forward visibility on customer demand for 2025.”

Annual report 2024A · The company itself

“In the longer term, Hexagon Purus is well positioned as a key component and system supplier for hydrogen trucking with a leading technology offering as well as a newly established manufacturing capacity footprint in Kassel (Germany) and Westminster (US).”

Annual report 2024A · The company itself

“Skräddarsydda produkter och tjänster för datacentermarknaden, så som kablar och nätverksprodukter samt design, installation och projektledning. Kunderna utgörs av stora globala molnföretag, samlokaliseringsoperatörer och stora företag så som banker, fordonstillverkare och industriföretag.”

Annual report 2024A · The company itself

“Kunderna utgörs av stora globala molnföretag, samlokaliseringsoperatörer och stora företag så som banker, fordonstillverkare och industriföretag.”

Annual report 2024A · The company itself

“Kunderna sträcker sig från hyperscale, molntjänster och colocation leverantörer till stora företag så som banker, biltillverkare och industriföretag.”

Annual report 2024A · The company itself

“HMS tre typer av kunder: •  komma åt data från sina  service och support på  • Systemintegratörerer som behöver installera och koppla ihop maskiner från  trådlösa system eller göra  • Slutanvändare som exempelvis fabriksägare som vill säkerställa säkerheten i fabriken, koppla ihop nya och gamla delar eller få nätverks-  SYSTEM- INTEGRATÖRER Inom Industrial Network Technology gör HMS det -    produkt och är med under hela kundproduktens  DIREKT- FÖRSÄLJNING DISTRIBUTION E-HANDEL HMS NETWORKS ÅRSREDOVISNING 2024 11 Kundexempel MASKINDATA GÖR AI MÖJLIGT I BRISBANE, AUSTRALIEN - skin och en arkhanterare med Ewon Flexy från HMS kunde företaget CapitalAI samla      Industrial Data Solutions  DEGLOBALISERING DATAANALYS DRIFTSÄKERHETNÄTVERKSSÄKERHETHÅLLBARHET Lösningar för uppkoppling, säkerhet, diagnostik och visualisering av data i industriella applikationer.”

Annual report 2024A · The company itself

“During the fourth quarter of 2024, our Commercial Aviation Original Equipment business entered into a strategic agreement with Bombardier (the Bombardier Agreement) to provide advanced technology for current and future Bombardier aircraft in avionics, propulsion, and satellite communications technologies.”

Annual report 2025A · The company itself

“OVERVIEW HP delivers innovative and sustainable devices, services, and subscriptions for personal computing, printing, 3D printing, hybrid work, gaming and other related technologies.”

Annual report 2025A · The company itself

“Recognized for our innovation, quality, and deep commitment to serving our customers for over 135 years, Hubbell is a world-class manufacturer of electrical and utility solutions, with more than 75 brands used around the world. We provide utility and electrical solutions that enable our customers to operate critical infrastructure reliably and efficiently, and we empower and energize communities through innovative solutions supporting energy infrastructure In Front of the Meter, on The Edge, and Behind the Meter.”

Annual report 2025A · The company itself

“("HII" or the "Company") is a global, all-domain defense partner, building and delivering the world's most powerful, survivable naval ships and technologies that safeguard America's seas, sky, land, space, and cyber.”

Annual report 2025A · The company itself

“We offer our customers safe and secure deep sea transportation of RoRo cargo such as cars, high and heavy machinery and breakbulk. Each year, we transport around 1.6 million car equivalent units (CEU) as well as other rolling and static cargo.”

Annual report 2024A · The company itself

“The Company’s largest end markets include industrial, life sciences, energy, water, fire suppression, semiconductor, automotive and aviation, chemical, paint dispensing and food and beverage.”

Annual report 2025A · The company itself

“Our competitors in the veterinary diagnostic sector in the United States and abroad include companies that develop, manufacture, and sell veterinary diagnostic tests; commercial veterinary reference laboratories; certain large and well-funded animal health pharmaceutical companies; and corporate hospital chains that operate reference laboratories that serve both their hospitals and unaffiliated hospitals, such as VCA Inc., which is wholly-owned by Mars, Incorporated, another operator of corporate hospital chains that also sells veterinary point-of-care diagnostic instruments.”

Annual report 2025A · The company itself

“Businesses in this segment produce engineered adhesives, sealants, lubrication and cutting fluids, and fluids and polymers for auto aftermarket maintenance and appearance. This segment primarily serves the automotive aftermarket, general industrial and MRO markets.”

Annual report 2025A · The company itself

“This segment primarily serves the automotive original equipment manufacturers and tiers market.”

Annual report 2025A · The company itself

“Med vårt erbjudande av produkter och tjänster inom högupplöst bildbehandling och beröringsfri mätteknik påverkar vi samhället i en positiv riktning genom att optimera användandet av våra naturresurser och att förbättra säkerheten inom en rad områden såsom exempelvis krocksäkerhet inom bilindustrin.”

Annual report 2024A · The company itself

“IMAGE SYSTEMS ÅRSREDOVISNING 2024 13 MOTION ANALYSIS - HÖG MÄTPRECISION Motion Analysis är världsledande på att mäta rörelse i höghastighetsfilm. Den mjukvara som utvecklas och säljs används idag i hundratals olika applikationer där våra kunder kräver världens bästa noggrannhet.”

Annual report 2024A · The company itself

“Idag verkar våra två affärsområden – RemaSawco och Motion Analysis – inom ett antal olika marknadssegment där beröringsfria mättekniker är ett krav, de mest framträdande är skogs-, försvars- och fordonsindustrin.”

Annual report 2024A · The company itself

“Detta används inom olika områden, som tester av militärutrustning, bilkrocktester och forskning på universitet.”

Annual report 2024A · The company itself

“In the longer term, the growth in electronics manufacturing services is driven by the growing use of electronics supported by megatrends within energy, technology, industrial, medical, defence and transportation sectors, including smart grids, renewable energy and offgrid applications, e-mobility, IoT, as well as AI among others.”

Annual report 2025A · The company itself

“We support our customers ranging from large multinationals and midsized companies to small start-ups in their complete manufacturing value chain.”

Annual report 2025A · The company itself

“The company manufactures for customers in aerospace, automotive, consumer electronics, data storage and media, defence, green energy, food and vending, industrial controls, automation, medical, oil, gas and mining, power, security, telecom, transport and infrastructure, gaming and other industries.”

Annual report 2025A · The company itself

“Omsättningsutvecklingen var positiv för bolag med kunder inom läkemedelsproduktion i Danmark och distribution av medicintekniska produkter i Norden.”

Annual report 2024A · The company itself

“Miclev är ett teknikhandelsbolag specialiserat på högkvalitativa produkter för att upptäcka, identifiera, eliminera och skydda mot mikroorganismer. Produkterbjudandet inkluderar odlingsmedier, diagnostiska produkter och förbrukningsvaror för säkra mikrobiologiska processer i sterila renrumsmiljöer med höga process- och kvalitetskrav, till de nordiska läkemedels- och bioteknikindustrierna.”

Annual report 2024A · The company itself

“PROCESS, ENERGY & WATER PG Flowteknik är ett specialiserat teknikhandelsbolag som erbjuder en diversifierad portfölj av högkvalitativa, innovativa och avancerade komponenter för instrumentering och processtyrning främst till processoch läkemedelsindustrin samt energisektorn. Produkterbjudandet omfattar kopplingar, ventiler, filter för vätskor och gas samt andra tekniska komponenter för flödesreglering, som säljs primärt till kunder i Danmark.”

Annual report 2024A · The company itself

“Bolaget har långvariga relationer med sin breda bas av europeiska leverantörer och kunderna finns inom olika branscher, bland annat generell industri, retail och läkemedelsindustri.”

Annual report 2024A · The company itself

“Bolagen säljer industriell utrustning, verktyg, filter, hydraulik, fästelement och kemiteknik, i huvudsak till den allmänna verkstadsindustrin och fordonsindustrin.”

Annual report 2024A · The company itself

“Under året förvärvades två bolag inom affärsområdet: Hemomatik AB, Sverige och West Technology Systems Ltd., Storbritannien.”

Annual report 2024A · The company itself

“Our power tools and lifting equipment portfolio includes electric and cordless fastening systems, pneumatic bolting tools, drilling and material removal tools, hoists, winches and ergonomic handling devices. Typical applications for these products include the precision fastening of bolted joints in the production, assembly and servicing of industrial machinery, on-highway and off-highway vehicles, aircraft, electronics and other equipment.”

Annual report 2025A · The company itself

“Rotary vane compressors feature high efficiency, compact compression technology and can be found throughout all sectors of industry, including automotive, food and beverage, energy and 5 Table of Content manufacturing with specialized solutions within transit, gas and snow making.”

Annual report 2025A · The company itself

“Our customers primarily include OEMs, ODMs, CSPs, and other manufacturers and service providers, such as industrial and communication equipment manufacturers.”

Annual report 2025A · The company itself

“However, one of our core strategic priorities is to leverage our U.S.-based capabilities in leading-edge semiconductor process technology development and manufacturing and advanced packaging to become a trusted foundry partner to third-party semiconductor customers. Potential customers include traditional fabless semiconductor companies in the computing, smartphone, cloud services, automotive, communications, aerospace and defense markets, as well as hyperscalers and the U.S. government. Our foundry offerings provide these external organizations with the ability to design and manufacture their semiconductor products using our process technologies and related packaging, assembly and test services, and also enable customers to utilize our advanced packaging services for wafers produced by other foundries.”

Annual report 2025A · The company itself

“Client revenue (collectively notebook and desktop) was $27.6 billion in 2025, down $1.1 billion from 2024, primarily due to lower 2025 client volume resulting from incremental customer incentives offered to certain customers in the first half of 2024 and customer inventory level reductions in 2025.”

Annual report 2025A · The company itself

“Our securities exchanges are leading providers of transparent, efficient, and high-quality markets for the securities issued by large and small companies, ETFs and equity options.”

Annual report 2025A · The company itself

“With approximately 70% of S&P 500 companies listed on the NYSE as of December 31, 2025, we are a leading listing venue across a range of sectors from technology and healthcare, to financials and energy.”

Annual report 2025A · The company itself

“Produkterna säljs via globala distributörer och återförsäljare, till fler än 50 av världens ledande fordonstillverkare samt genom laddningsoperatörer, fastighetsägare och andra organisationer för att ge tillgång till el-laddningsinfrastruktur.”

Annual report 2024A · The company itself

“En leverantör av mobilitetsrelaterade transportlösningar, inklusive rullstolsanpassade fordon, hissar och säten, förvaring och säkringsprodukter. www.braunability.com • Som global ledare inom fordonsrelaterade mobilitetsprodukter för funktionshindrade har BraunAbility betydande organisk tillväxtpotential då dess främsta marknad, rullstolsanpassade fordon, är underbearbetad och gynnas av uthålliga demografiska tillväxtdrivare. • Det finns ett antal möjligheter att utvidga verksamheten genom breddning av produktportföljen, geografisk expansion och förvärv.”

Annual report 2022A · The company itself

“• BraunAbility är en global tillverkare av mobila transportlösningar som innefattar bilar som är rullstolsanpassade, rullstolshissar och -säten, förvaring och säkerhetsprodukter.”

Annual report 2022A · The company itself

“The Regulated Industries segment is focused on regulated markets and includes revenues from customers primarily in the automotive and transportation, healthcare and packaging, and renewable energy infrastructure industries.”

Annual report 2025A · The company itself

“Bolaget har kunder inom bland annat flygplansindustrin, högpresterande sportbilar samt motorsport med höga krav på kvalitet och leveranssäkerhet. Större delen av bolagets försäljning sker i Storbritannien.”

Annual report 2024A · The company itself

“The combined market performance of first registrations of passenger cars and vans was -1.6% .”

Annual report 2025A · The company itself

“Building and home improvement stores serve both consumers and professional builders.”

Annual report 2025A · The company itself

“Electronic Industrial Solutions Group EISG serves customers across a diverse set of end markets focused on automotive and energy, semiconductor solutions, and general electronics.”

Annual report 2025A · The company itself

“Our automotive and energy customers include automotive original equipment manufacturers and Tier 1 and 2 suppliers, along with the component and subsystem suppliers that support them. Our customers also include the suppliers of alternative energy systems for green energy generation, storage, and control, as well as suppliers of enabling electronics technology such as high-power semiconductors and control systems.”

Annual report 2025A · The company itself

“We devote significant resources to develop new technologies in communications, aerospace and defense, automotive and the Internet of Things. We invest in R&D, grow and deepen relationships with customers and suppliers, and direct our corporate and operational resources to develop innovative technologies.”

Annual report 2025A · The company itself

“Kitron’s Connectivity sector is focused on connected devices. Many of these devices are sensors, continuously feeding data into increasingly advanced software, utilizing artificial intelligence to make predictions and improve efficiency and safety. Examples are multiplying, in everything from industrial control systems to medical devices monitoring vital functions and modern cars, containing many sensors communicating with the Internet.”

Annual report 2024A · The company itself

“SEGMENT REPORTING KKR operates through three reportable segments which are presented below and reflect how its chief operating decisionmakers, who are the Co-Chief Executive Officers, allocate resources and assess performance: •Asset Management - The asset management business offers a broad range of investment management services to investment funds, vehicles and accounts (including Global Atlantic and the Strategic Holdings segment) and provides capital markets services to portfolio companies and third parties.”

Annual report 2025A · The company itself

“Within the Specialty Semiconductor Process segment, we develop and sell advanced vacuum deposition and etching process tools, which are used by a broad range of specialty semiconductor customers, including manufacturers of microelectromechanical systems (“MEMS”), radio frequency (“RF”) communication semiconductors, and power semiconductors for automotive and industrial applications.”

Annual report 2026A · The company itself

“The company aims to capitalize on growth in the commercial vehicle market and the shift toward sustainable mobility solutions, while navigating ongoing geopolitical and global economic challenges.”

Annual report 2024A · The company itself

“Working closely with customers during the prod-       - tions that enhance vehicle performance, safety, driver  meet current and future vehicle legislations around the world. LONG-TERM CONTRACTS AND PARTNERSHIPS: Securing long-term agreements with automotive                              competitive market position.”

Annual report 2024A · The company itself

“vehicle market as well as industrial appli-     -          AUTOMOTIVE % OF KA REVENUES PER REGION ORGANIZATIONS MARKETS NON-AUTOMOTIVE ORIGINAL EQUIPMENT MANUFACTURERS (OEMs) AGRICULTURE TIER 1 CONSTRUCTION AFTERMARKET INDUSTRIAL AREAS -            emis- -  -  47% 37% 12% 4% Contents CHANNELS CUSTOMER RELATIONSHIPS                         important supplier and development partner.”

Annual report 2024A · The company itself

“Aerostructures & MRO Hovedvirksomheten er produksjon av produkter til F-35-kampflyene og KONGSBERG-utviklede systemer i forsvarssektoren. Dette inkluderer leveranser til missilene JSM og NSM, NASAMS luftvernsystemer og radarsystemer, samt vedlikehold, overhaling og testing av kritiske dynamiske komponenter til helikopter.”

Annual report 2024A · The company itself

“Kongsberg Aviation Maintenance Services utfører blant annet reparasjon og overhaling av Pratt & Whitney F135-motoren, som driver alle tre variantene av kampflyet F-35.”

Annual report 2024A · The company itself

“I Kongsberg Maritime inntektsføres leveransene fra divisjonene Integration & Energy og Automation & Control hovedsakelig i forhold til fremdrift over tid. Begrunnelsen for dette er at leveransene har stor kundetilpasning og ikke har noe alternativt bruksområde for Kongsberg Maritime.”

Annual report 2024A · The company itself

“The Panel Industry’s plywood and chipboard products are used in construction, transportation equipment, die-cutting, interior decoration and furniture, carpentry, as well as walls and floors. Kore products are flooring solutions for transportation equipment in the automotive industry. The products of the Sawn Timber Industry are used in construction (floors, walls and structural sawn timber), carpentry, packaging and timber trade.”

Annual report 2025A · The company itself

“In Panel Industry, the products are also used in the transportation industry, for which Kore products related to furnishing commercial vehicles are processed in addition to basic panel products.”

Annual report 2025A · The company itself

“Home Comfort Solutions - We manufacture and market a broad range of furnaces, air conditioners, heat pumps, packaged heating and cooling systems, equipment and accessories to improve indoor air quality, comfort control products, replacement parts and supplies and related products for both the residential replacement and new construction markets in North America. These products are sold under various brand names and are sold either through direct sales to a network of independent installing dealers, including through our network of Lennox Stores or to independent distributors.”

Annual report 2025A · The company itself

“Aeronautics’ major programs include: •F-35 Lightning II – international multi-role, multi-variant, fifth generation stealth fighter. •C-130 Hercules – international tactical airlifter. •F-16 Fighting Falcon – combat-proven, international multi-role fighter. •F-22 Raptor – air dominance and multi-role fifth generation stealth fighter. The F-35 program is our largest program, generating 27% of our total consolidated sales, as well as 67% of Aeronautics’ sales in 2025.”

Annual report 2025A · The company itself

“Warranty and Alternative Risks: Warranty and Alternative Risks provides extended service contracts and related insurance products covering mechanical breakdown and similar losses for vehicles, portable electronics and other consumer goods. These service contracts are primarily distributed through independent representatives and sold by automobile dealerships and retailers in North America. CNA’s insurance subsidiaries may issue contractual liability, inland marine, or guaranteed asset protection policies supporting these contracts, a significant portion of which are reinsured through third-party captive programs.”

Annual report 2025A · The company itself

“We contract with a number of large OEM and end-user service providers and product companies that have considerable bargaining power, which may require us to agree to terms and conditions that could have an adverse effect on our business or ability to recognize revenues. Large OEM and end-user service providers and product companies comprise a significant portion of our customer base.”

Annual report 2026A · The company itself

“Average permanent and construction commercial real estate loans decreased by $3.2 billion and $2.1 billion, respectively. •Average residential real estate loans grew $945 million reflecting the retention of originated residential mortgage loans and purchases. •Average consumer loans increased $3.1 billion reflecting recreational finance and automobile average loan growth of $2.2 billion and $638 million, respectively.”

Annual report 2025A · The company itself

“Inom Investment Banking agerar vi rådgivare inom aktiemarknadstransaktioner, företagsobligationer och annan lånefinansiering, företagsöverlåtelser med mera.”

Annual report 2024A · The company itself

“Recent Developments On August 14, 2025, we completed the sale of our automotive ethernet business to Infineon Technologies AG for $2.5 billion in cash. In connection with the transaction, during the third quarter of fiscal 2026, we recorded a pre-tax gain on sale of $1.8 billion.”

Annual report 2026A · The company itself

“We primarily sell these products to home center retailers, online retailers, mass merchandisers, wholesalers and distributors that, in turn, sell them to plumbers, building contractors, remodelers, smaller retailers, consumers and homebuilders.”

Annual report 2025A · The company itself

“North American Pharmaceutical Segment: Our North American Pharmaceutical segment provides distribution and logistics services for branded, generic, specialty, biosimilar, and OTC pharmaceutical drugs along with other healthcare-related products to customers in the U.S. and Canada.”

Annual report 2026A · The company itself

“In March 2025, Merck acquired the Dundalk, Ireland facility of WuXi Vaccines (a wholly owned subsidiary of WuXi Biologics), which was accounted for as an asset acquisition. Merck paid $437 million at closing which, combined with previous consideration transferred under a prior manufacturing arrangement with WuXi Vaccines related to this facility, resulted in $759 million being recorded as assets under construction within Property, Plant and Equipment.”

Annual report 2025A · The company itself

“Further, we sell to customers in industries such as automotive, aerospace, defense, safety, security, and medical, where failure of the application could cause damage to property or persons.”

Annual report 2026A · The company itself

“Automotive: Improvements in autonomous driving, advanced driver-assistance systems, in-vehicle infotainment systems, advanced robotaxi platforms, and AI technologies continue to increase the requirements for high-performing memory and storage products, with higher reliability requirements for leading-edge products. Automotive memory and storage products enable connected, advanced infotainment systems with increasingly larger and higher definition displays and support improved voice and gesture control.”

Annual report 2025A · The company itself

“Forskningsprojekten solceller på lastbilar (tillsammans med Scania), PERSEUS, Hi-BITS, SMART och WISE löper på med god fart.”

Annual report 2024A · The company itself

“MilDef har under första kvartalet tecknat ett tioårigt ramavtal med BAE Systems Bofors gällande leveranser av MilDefs stryktåliga hårdvara till artillerisystemet Archer. Ramavtalet omfattar MilDefs produkter såsom datorer, nätverksutrustning och skärmar.”

Annual report 2024A · The company itself

“Under året har ett antal större och strategiskt viktiga ordrar vunnits. Som exempel kan nämnas BAE Systems Hägglunds avseende IT-utrustning i CV90-leveranser till Centraleuropa, värt 200 MSEK, OneCIS mjukvaruaffär, Norska försvarets materielverk avseende datorer för modernisering av stridsfordon CV90 samt hårdvarubeställningar från FMV värt 81 MSEK och beställningar till FMV inom ledningssystemsområdet, värt 63 MSEK.”

Annual report 2024A · The company itself

“Reporting Segments Americas Our Americas segment consists of the production, importing, marketing, distribution and sales of our owned brands, partner brands and licensed brands in the U.S., Canada and various countries in Latin America.”

Annual report 2025A · The company itself

“Under det senaste decenniet har tillväxten inom industrisektorer som fordons-, skogsoch läkemedelsindustrin varit stark, vilket skapar en stabil grund för vår verksamhet.”

Annual report 2024A · The company itself

“Power Transmission stärkte sin position inom eftermarknadsförsäljning, särskilt inom metall- och försvarsindustrin.”

Annual report 2024A · The company itself

“Technical Solutions hade ett stabilt år med hög beläggning i nyckelverkstäder, även om säsongseffekter och svagare efterfrågan inom fordonsindustrin påverkade fjärde kvartalet.”

Annual report 2024A · The company itself

“Fordonsindustrin, som inledde året starkt, visade en lägre efterfrågan under fjärde kvartalet.”

Annual report 2024A · The company itself

“Nettoomsättning per land, 2024  Sverige, 82% Danmark, 9% Finland, 4% Norge, 3% Övriga länder, 2% Nettoomsättning per kundsegment, 2024 󰐆 Metall och gruva, 14% Papper och massa, såg, 13% El- och värmeproduktion, 13% Övrig tillverkning, 9% Fordon, 9% Vatten och avlopp, 4% Läkemedel och medicin teknik, 4% Livsmedel, 3% Andra industrisegment, 23% Övriga sektorer, 8% Nettoomsättning per produktområde, 2024 󰍭 Lager, 15% Ventiler, 14% Tekniska tätningar och industrigummi, 10% Hydraulik och pneumatik, 8% Pumpar, elmotorer och växlar, 8% Transmission, 7% Mätteknik, 5% Filter, rengöring och rörsystem, 4% Maskiner och system, 3% Smörjning och kemikalier, 3% Andra komponenter, 9% Reparationer och renovering, 11% Relaterade tjänster, t ex utbildning, installation och kalibrering, 3% Värdeskapande återförsäljare ~75% Service, reparation och underhåll ~15% Lokal tillverkning, montering, egna varumärken ~10% Eftermarknad ~90% OEM ~10% Kundfördelning 1) Momentum Groups erbjudande 1) Tillverkare Värdeskapande återförsäljare Våra kunder Affärsöversikt”

Annual report 2024A · The company itself

“Nettoomsättning, Mkr 1 728 1 610 +7% EBITA, Mkr 232 221 +5% Antal anställda 431 429 EBITA (2023: 221 MSEK) +5% Nettoomsättning per kundsegment Metall och gruva 18% Papper och massa, såg 15% Övrig tillverkning 11% Fordon 10% Läkemedel och medicinteknik 4% Livsmedel 4% El- och värmeproduktion 2% Försvar 2% Andra industrisegment 22% Övriga sektorer 12% Nettoomsättning per produkt- och tjänsteområde Produkter 92% Lager 25% Tekniska tätningar och industrigummi 17% Hydralik och pneumatik 14% Transmission 13% Pumpar, elmotorer och växlar 5% Smörjning och kemikalier 4% Maskin och system 4% Andra komponenter 10% Tjänster 8% Reparationer och renovering 6% Relaterade tjänster (t ex utbildning och installation) 2% Nettoomsättning per affärsenhet  75% Specialist 25% Affärsområden Power Transmission, som utgörs av bolaget Momentum Industrial, är Nordens marknadsledande leverantör av industrikomponenter och tjänster med fokus på industriförbättringar till eftermarknaden.”

Annual report 2024A · The company itself

“End Markets and Applications We design and develop our products for the storage and computing, enterprise data, automotive, communications, consumer, and industrial end markets.”

Annual report 2025A · The company itself

“We believe that the application of our products in the storage and computing, enterprise data, automotive, industrial, communication and consumer end markets will continue to account for the majority of our revenue.”

Annual report 2025A · The company itself

“Moreover, we believe a high percentage of our products are eventually sold to a number of original equipment manufacturers (“OEMs”) and original design manufacturers (“ODMs”). Although we communicate with OEMs and ODMs to achieve “design wins,” which are decisions by OEMs and ODMs to incorporate our products, we do not have purchase commitments from these customers.”

Annual report 2025A · The company itself

“Transaction revenue increased $144 million compared to the prior year, which primarily reflected: –higher issuance activity for investment-grade bonds, which reflected continued tight credit spreads and investor demand for higher quality credits, and includes the impact of several jumbo transactions in the technology sector; and –higher issuance activity for high-yield bonds as issuers took advantage of favorable conditions, including tight spreads and lower interest rates, primarily to refinance debt.”

Annual report 2025A · The company itself

“Lending activity in our U.S. Bank Subsidiaries from the Institutional Securities business segment primarily includes Secured lending facilities, Commercial and Residential real estate and Corporate loans.”

Annual report 2025A · The company itself

“We provide loans and lending commitments to a variety of customers, including large corporate and institutional clients, as well as high to ultra-high net worth individuals.”

Annual report 2025A · The company itself

“Trods den stigende konkurrence har MT Højgaard Danmark formået at fastholde og udbygge sin position som en af landets største aktører inden for nybyggeri, primært på store og/eller komplekse projekter. Denne del af markedet er især drevet af projekter for Forsvaret, den farmaceutiske industri og store danske industrivirksomheder.”

Annual report 2025A · The company itself

“Mobility & Transportation delivers engineering and advisory services for safe and forward-looking transportation systems. The business area covers both road and rail, airport and harbour facilities and channel transportation systems.”

Annual report 2024A · The company itself

“To streamline the organisation and optimise utilisation of the capability, operational activities are organised in four reporting segments: • Region Oslo • Region Norway • Architecture • International Operation covers four business areas across all four reporting segments: Building & Properties, Mobility & Transportation, Energy & Industry, and Water & Environment. A full description of the group’s business areas can be found in note 5 in the consolidated annual accounts.”

Annual report 2024A · The company itself

“Multiconsult Polska signed several design and supervision contracts both within road and railway projects for the Polish National Railway Company and General Directorate of National Roads and Motorways.”

Annual report 2024A · The company itself

“Luftbefuktning är ett annat fokusområde som växer genom industriella investeringar inom segment som datacenter, elektronik och fordon.”

Annual report 2024A · The company itself

“Vi har även kunder i branscher som flygteknik, försvar, fordonsindustri, datakommunikation, medicin, energi, järnväg, säkerhetskritiska sektorer och telekom.”

Annual report 2024A · The company itself

“Den konsumentdrivna tillväxten i världens ekonomier var under fortsatt press, vilket dämpade efterfrågan inom fordonsrespektive trävaruindustrin där divisionen har stor exponering.”

Annual report 2024A · The company itself

“Inom gjuterier och smältverk bidrar den gröna omställningen till en långsiktig ökning av efterfrågan, särskilt inom återvinning, som visade god tillväxt under året.”

Annual report 2024A · The company itself

“Kunder Kunderna utgörs av industrier och verksamheter med luftföroreningar som måste tas om hand på ett effektivt och säkert sätt, bland annat metallbearbetning, fiberbaserad industri (trä och komposit), fordonsverkstäder och industrier där det förekommer dammpartiklar som – om de inte tas om hand på rätt sätt – orsakar explosioner samt kan leda till sjukdomar och förtida dödsfall om de kommer in i lungor och blodomlopp.”

Annual report 2024A · The company itself

“Gjuterier och smältverk, med fordonsindustrin som motor, är ett annat viktigt segment, samt kemisk industri.”

Annual report 2024A · The company itself

“Raw materials Data centre hostingComponents Solution use-phaseHardware and software Hardware recyclingOwn operations Freelancers Netcompany E1 Nature S1 Employees G1 Business Partners Mining companies and recyclers E1 Nature S2 Workers E1 Nature S2 Workers Manufacturers Business partners E3 Nature Recyclers E5 Nature S2 Workers Public institutions, EU, and businesses S4 End-users, data subjects, civil society Hardware assembly, distributors S2 Workers Car leasing companies E1 Nature We deliver IT services, products, and platforms to private and public clients across Europe.”

Annual report 2025A · The company itself

“Bland kunderna finns bland andra E.ON, Svenska Kraftnät, Vattenfall Eldistribution samt många kommunala elbolag och byggföretag.”

Annual report 2024A · The company itself

“Realtor.com® also derives revenue from sales of non-listing advertisement, or Media, products to real estate, finance, insurance, home improvement and other professionals that enable those professionals to connect with Realtor.com®’s highly engaged and valuable consumer audience. Media products include sponsorships, display advertisements, text links, directories and other advertising and lead generation services.”

Annual report 2026A · The company itself

“Dow Jones also provides news, business information and data to enterprise customers through these news products, as well as its enterprise-focused products described under “Professional Information Products” below.”

Annual report 2026A · The company itself

“The media business offers unique advertising opportunities on REA Group’s websites to property developers and other relevant markets, including utilities and telecommunications, insurance, finance, automotive and retail.”

Annual report 2026A · The company itself

“We are also continuing to develop our offering in the PC and Laptop segments, initially through adding one of our Partner’s touchpad products alongside our own. Our vision for the future is to develop and sell a new fingerprint touchpad product of our own.”

Annual report 2024A · The company itself

“Moreover, the roadmap also contains a new product that targets the smartphone market. The planned smartphone product includes fingerprint authentication on the full display screen of a phone.”

Annual report 2024A · The company itself

“Within R&D, NEXT recently presented a new project which uses NEXT Active Thermal technology to enable fingerprint authentication on a full display screen. This is an innovation that many market segments like smartphone and access markets have attempted to achieve for a long time without success. This project will benefit both our existing product portfolio, in addition to enabling us to target a vast new market.”

Annual report 2024A · The company itself

“NEXT Biometrics at a glance NEXT provides advanced fingerprint sensor technology that delivers uncompromised security and accuracy for the best possible user experience in the banking & finance, government ID, access control and laptop & notebook market areas.”

Annual report 2024A · The company itself

“In the Laptop market the Group is working to increase the run rate revenues from existing clients.”

Annual report 2024A · The company itself

“The Group has developed products, established its manufacturing platform and sales and marketing to establish a business with significant footprint and customers in key markets such as Banking & Finance, Government ID, Access control, Laptops, and POS solutions.”

Annual report 2024A · The company itself

“Teknologia-segmentti jatkoi hyvää kehitystä laajenemisessa esimerkiksi autoteollisuuteen, kuluttajaelektroniikkaan, esineiden internetiin ja multimediaan.”

Annual report 2025A · The company itself

“Higher average selling prices and sales volumes in Passenger Car Tyres and as well as strict cost control across the organization contributed to margin improvement.”

Annual report 2025A · The company itself

“The emphasis is on high-value segments, particularly on premium winter and all-season passenger car tires as well as on heavy tires.”

Annual report 2025A · The company itself

“CONNECTIVITY In the Connectivity segment, NORBIT is a leading technology provider for asset identification, monitoring and tracking, designed to enhance operational efficiency across various industries. NORBIT has taken the position as an independent technology supplier of low power wireless devices to international blue-chip customers.”

Annual report 2024A · The company itself

“Connectivity Financial review Revenues for Connectivity amounted to NOK 515.7 million for 2024 (NOK 540.3 million). The decrease of 5 per cent was largely explained by lower sales of On-Board Units, where revenues declined to NOK 194.4 million in 2024 (NOK 295.7 million), partly compensated by an increase of units to satellite-based tolling to NOK 104.9 million (NOK 60.0 million).”

Annual report 2024A · The company itself

“With highly robotised, world-class manufacturing processes, NORBIT supplies contract manufacturing of electronic products to demanding markets such as the automotive, industrial, medical, defence, energy, marine and ocean-related industries.”

Annual report 2024A · The company itself

“In 2024, contract manufacturing represented 84 per cent (77 per cent) of the revenues in the segment, while R&D services and products and customer reimbursements represented the remainder.”

Annual report 2024A · The company itself

“Vi erbjuder finansiella tjänster som hjälper våra kunder att framtidssäkra sin verksamhet och skapa konkurrensfördelar, samtidigt som de är anpassade efter de förhållanden som påverkar kundens marknad eller sektor. Vi samarbetar nära med våra stora företagskunder för att stötta deras omställningsprocess, genom våra ex pert kunskaper och skräddarsydda finansieringslösningar.”

Annual report 2025A · The company itself

“This broad product portfolio is supported by differentiated software and data capabilities. •Product Assembly – Dispensing, coating and laminating systems for the assembly of plastic, metal and wood products, for paper and paperboard converting applications and for the manufacturing of continuous roll goods. Key strategic markets include appliances, automotive components, building and construction materials, electronics, furniture, solar energy, and the manufacturing of bags, sacks, books, envelopes, and folding cartons.”

Annual report 2025A · The company itself

“Innenfor Hydros lavkarbonportefølje har selskapet et bredt utvalg av produkter, og har som mål å levere pilotvolumer i industriell skala basert på utslippsfri smelterteknologi innen 2030, mens ytterligere kapasitet og etterspørsel fra nye sektorer som bilindustrien ser andelen resirkulert metall øke.”

Annual report 2024A · The company itself

“Andel av relevante driftssteder sertifisert ISO 9001 ISO 14001 ISO 45001 ASI Kvalifisert 100 98 94 96 Sertifisert 89 96 80 80 Prosent sertifisert 89 % 98 % 85 % 83 % IATF 16949 er helt i tråd med strukturen og kravene i ISO 9001, og kreves av kunder som produserer servicedeler eller deler til bilproduksjon.”

Annual report 2024A · The company itself

“Hydro Aluminium Metal har et globalt produksjonsnettverk og er en ledende leverandør av pressbolt, valseblokk, støpelegering, valsetråd, støpemateriale og aluminium med høy renhet.”

Annual report 2024A · The company itself

“I juli signerte vi en langsiktig avtale som åpner for at Hydro kan levere lavkarbonaluminium til Porches bilproduksjon i årene fremover.”

Annual report 2024A · The company itself

“Vi jobber også tett med Volvo Group for å se på muligheter for Volvo til å ta i bruk lavkarbon aluminium, og vi har inngått et partnerskap med Siemens Mobility og et nasjonalt togselskap for å skape en resirkuleringsløsning som anvender brukt skrap i nye tog.”

Annual report 2024A · The company itself

“Kunder i visse bransjer, som f.eks. bilindustrien, går mot lengre kontrakter.”

Annual report 2024A · The company itself

“AERONAUTICS SYSTEMS Aeronautics Systems is a leader in the design, development, production, integration, sustainment and modernization of military aircraft systems for the U.S. Air Force, the U.S. Navy, other U.S. government agencies, and international customers. Major products include strategic long-range strike aircraft; tactical fighter and air dominance aircraft; -1- Table of Contents NORTHROP GRUMMAN CORPORATION airborne battle management and command and control systems; and uncrewed autonomous aircraft systems, including high-altitude long-endurance (HALE) strategic intelligence, surveillance and reconnaissance (ISR) systems.”

Annual report 2025A · The company itself

“Agriculture, Energy & Tech 1,489.1 ... 65 % of total sales in Planetary Health Biosolutions”

Annual report 2025B · From the report

“De största hyresgästerna i affärsområdet är Bilkompaniet Sigoro AB, PostNord och Scania.”

Annual report 2024A · The company itself

“Customers NRG sells to a wide variety of customers, primarily end-use customers in the residential, commercial and industrial, and wholesale sectors. The Company owns and operates power plants to generate and sell power to wholesale customers, such as utilities and other intermediaries.”

Annual report 2025A · The company itself

“Our ECONIQTM line of net-zero carbon steel is another example. We launched the ECONIQTM brand during 2021 and continue to find interest from customers in both the automotive and construction end-use markets.”

Annual report 2025A · The company itself

“In our steel mills segment, Nucor has initiated several new capital projects in recent years to support our expansion of value-added product offerings and cost-reduction strategies. • In January 2022, Nucor announced that its new state-of-the-art sheet mill will be located in Mason County, West Virginia. Construction of the new sheet mill began in the third quarter of 2023 and the mill is expected to be completed by the end of 2026. In February 2025, Nucor’s Board of Directors approved the allocation of additional capital to the project as the estimate of total construction costs increased to approximately $4 billion.”

Annual report 2025A · The company itself

“NJSM is a joint venture with JFE Steel Corporation of Japan that operates a galvanized sheet steel plant in central Mexico with an annual capacity of approximately 400,000 tons, that is expected to supply the country’s automotive market. In January 2022, Nucor announced it had selected Mason County, West Virginia as the site for its new three-million-ton state-of-the-art sheet mill. When operational, the new mill will be equipped to produce 84-inch sheet products, and among other features, will include a 76-inch tandem cold mill and two galvanizing lines capable of producing advanced high-end automotive and construction grades. • Structural mills - Nucor operates two structural mills that produce wide-flange steel beams, pilings and heavy structural steel products for fabricators, construction companies, manufacturers and steel service centers.”

Annual report 2025A · The company itself

“Galvanizing capabilities will include an advanced automotive line with full inspection capabilities as well as a construction-grade line.”

Annual report 2025A · The company itself

“The steel mills segment sells its products primarily to steel service centers, fabricators and manufacturers located throughout the United States, Canada and Mexico.”

Annual report 2025A · The company itself

“Our SBQ products are hot-rolled to exacting specifications primarily servicing the automotive, energy, agricultural, heavy equipment and transportation sectors.”

Annual report 2025A · The company itself

“Steel Technologies transforms flat-rolled steel into products that meet exacting specifications for customers in a wide range of industries, including the automotive, agricultural and consumer goods markets.”

Annual report 2025A · The company itself

“HSS steel tubing, mechanical steel tubing and sprinkler pipe are used in structural and mechanical applications, including nonresidential construction, infrastructure, agricultural, automotive and construction equipment end-use markets.”

Annual report 2025A · The company itself

“These bars are purchased by the appliance, automotive, construction equipment, electric motor, farm machinery and fluid power industries, as well as by service centers.”

Annual report 2025A · The company itself

“Nucor fasteners are used in a broad range of markets, including automotive, machine tool, farm implement, construction and military applications.”

Annual report 2025A · The company itself

“Demand for most of our products is cyclical in nature and sensitive to general economic conditions. Our business supports cyclical industries, such as the construction, energy, metals service centers, appliance and automotive industries.”

Annual report 2025A · The company itself

“Demand was strong in several key end markets, including infrastructure, data centers, energy, and advanced manufacturing, while interest rate sensitive markets such as automotive and residential construction experienced softer conditions.”

Annual report 2025A · The company itself

“The Compute & Networking segment includes our Data Center accelerated computing and networking platforms and AI solutions and software, and Automotive platforms and autonomous and electric vehicle solutions including software.”

Annual report 2026A · The company itself

“Automotive Automotive is comprised of platform solutions for automated driving from the cloud to the car. Leveraging our technology leadership in AI and building on long-standing relationships across several hundred automotive ecosystem partners, we are delivering a full stack end-to-end solution for the AV market under the DRIVE Hyperion platform.”

Annual report 2026A · The company itself

“The enterprise software industry uses them for new AI assistants, chatbots, and agents; the transportation industry for autonomous driving; the healthcare industry for accelerated and computer-aided drug discovery; and the financial services industry for customer support and fraud detection.”

Annual report 2026A · The company itself

“We continuously refine the inventory levels and assortments carried in each of our stores and within our network, based in large part on the sales movement tracked by our inventory control system, market vehicle registration data, failure rates, and management’s assessment of the changes and trends in the marketplace.”

Annual report 2025A · The company itself

“Store Locations and Size: As a result of our dual market strategy, we are able to profitably operate in both large, densely populated markets and small, less densely populated areas that would not otherwise support a national chain selling primarily to the retail automotive aftermarket.”

Annual report 2025A · The company itself

“Overall demand for products sold in the automotive aftermarket is dependent upon many factors in the countries in which we operate, including the total number of vehicle miles driven, the total number of registered vehicles, the age and quality of these registered vehicles, and the level of unemployment.”

Annual report 2025A · The company itself

“O’Reilly is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment, and accessories across North America, selling our products to both do-it-yourself (“DIY”) and professional service provider customers, our “dual market strategy.””

Annual report 2025A · The company itself

“The extensive product line offered in our stores consists of new and remanufactured automotive hard parts, maintenance items, accessories, a complete line of auto body paint and related materials, automotive tools, and professional service provider service equipment.”

Annual report 2025A · The company itself

“INDUSTRY ENVIRONMENT ​ For each of the countries in which we operate, the automotive aftermarket industry includes all products and services purchased for light and heavy-duty vehicles after the original sale and is made up of four segments: labor share of professional service provider sales, auto parts share of professional service provider sales, DIY sales, and tire sales.”

Annual report 2025A · The company itself

“Segment Overview Well Services Well Services provides technology for hands-free tubular running operations, high specification drilling tubulars and downhole tools.”

Annual report 2024A · The company itself

“Revenue by Industry Revenue by industry sector: Year Ended December 31, 2025 2024 2023 Pharmaceuticals and Healthcare 15 % 16 % 16 % Food and Beverage 15 % 15 % 15 % Auto 12 % 12 % 12 % Consumer Products 9 % 10 % 8 % Financial Services 8 % 7 % 8 % Retail 8 % 6 % 6 % Technology 8 % 8 % 8 % Travel and Entertainment 7 % 7 % 7 % Government 3 % 4 % 4 % Telecommunications 3 % 3 % 4 % Services 3 % 3 % 2 % Oil, Gas and Utilities 2 % 2 % 2 % Not-for-Profit 1 % 1 % 1 % Education 1 % 1 % 1 % Other 5 % 5 % 6 % Total 100 % 100 % 100 % 25 Operating Expenses The year-over-year change in operating expenses:”

Annual report 2025A · The company itself

“Our intelligent sensing technologies enable advanced safety applications in automotive through industry leading performance and reliability.”

Annual report 2025A · The company itself

“ISG ISG develops advanced imaging technologies that include high‑performance CMOS image sensors, ISPs, SWIR sensors, and more. These technologies support high‑dynamic‑range, low‑noise, and high‑reliability imaging essential to automotive ADAS, industrial automation, robotics, and AI‑enabled perception systems.”

Annual report 2025A · The company itself

“Table of Contents End-Markets We serve a broad base of end-user markets, with a primary focus towards automotive and industrial.”

Annual report 2025A · The company itself

“A significant portion of our sales are made to customers within the automotive industry and the industrial sector, and the demand for our products depends in part on the market conditions in these end-markets. Sales into the automotive and industrial end-markets represented approximately 51% and 28% of our revenue, respectively, for the year ended December 31, 2025.”

Annual report 2025A · The company itself

“Huvudmarknaden är idag den amerikanska marknaden för buprenorfin/ naloxon-produkter där Orexo säljer sin ledande produkt Zubsolv ® för behandling av opioidberoende.”

Annual report 2024A · The company itself

“Omsetningsveksten var drevet av høyere volum, med særlig sterk vekst i segmentet Protective, samt solid salgsutvikling i segmentene Decorative Paints, Marine og Powder Coatings.”

Annual report 2024A · The company itself

“The main customer segments are distributors (48% of sales), metal processing and tubes (16%), automotive (10%), heavy industries (1%), and appliances (8%).”

Annual report 2025A · The company itself

“Sustainable stainless steel is used in numerous different industries, for example in architecture and construction, transportation, automotive and home appliances.”

Annual report 2025A · The company itself

“Americas produces standard austenitic and ferritic grades as well as tailored products. Its largest customer segments are automotive and transport, consumer appliances, oil and gas, chemical and petrochemical industries, food and beverage processing, as well as building and construction industry.”

Annual report 2025A · The company itself

“We will transform the performance of our Scottish operation through targeted investments and applied best practices, which will reduce biological risks, reduce costs, improve product quality, enable simpler processes and release synergies.”

Annual report 2024A · The company itself

“Many of the Company’s suppliers also supply automotive manufacturers, and factors that adversely affect the automotive industry can also have adverse effects on these suppliers and the Company.”

Annual report 2025A · The company itself

“We manufacture and sell a wide variety of containerboard and corrugated packaging products, including conventional shipping containers used to protect and transport manufactured goods, multi-color boxes and displays with strong visual appeal that help to merchandise the packaged product in retail locations.”

Annual report 2025A · The company itself

“In the future, we may increasingly focus on such customers, including in the banking, financial services, healthcare, pharmaceutical, manufacturing, telecommunication, automotive, airlines and aerospace, consumer packaged goods, insurance, retail, transportation, shipping and logistics, energy, mining, and other emerging industries.”

Annual report 2025A · The company itself

“The major market verticals served by our Diversified Industrial Segment are listed below: •Aerospace & Defense •Off-highway •In-plant & Industrial Equipment •Energy •Transportation •HVAC & Refrigeration Our Aerospace Systems Segment sells highly engineered, differentiated airframe and engine components and systems to OEMs and aftermarket parts and maintenance directly to end users primarily in the commercial aerospace and defense market verticals.”

Annual report 2026A · The company itself

“Office Properties The first office property was acquired in March 2022, a seven stories tall building in Bodø. PPG has an ownership of 52 % in the property, controlling the acquired subsidiary that owns the property Total lease income for 2024 for the office properties segment amounted to MNOK 4.3 with a fair property value based on third party valuations per 31.12.24 of MNOK 63.”

Annual report 2024A · The company itself

“For the total auto loan portfolio, the weighted-average loan origination FICO score, calculated using the auto enhanced FICO scale, was 799 and the weighted-average term of loan originations was 71 months for the twelve months ended December 31, 2025.”

Annual report 2025A · The company itself

“Table 16: Commercial and Industrial Loans by Industry Dollars in millions Amount % of Total Amount % of Total Commercial and industrial Financial services $ 36,993 19 % $ 27,737 16 % Manufacturing 29,769 15 27,700 16 Service providers 24,159 12 21,881 12 Wholesale trade 19,263 10 18,399 10 Real estate related (a) 14,919 8 14,910 8 Technology, media and telecommunications 12,029 6 9,767 6 Retail trade 12,020 6 11,611 7 Health care 8,845 5 9,694 6 Transportation and warehousing 8,610 4 7,320 4 Other industries 29,116 15 26,771 15 Total commercial and industrial loans $ 195,723 100 % $ 175,790 100 % (a)Represents loans to customers in the real estate and construction industries.”

Annual report 2025A · The company itself

“Asiatiska personbilstillverkare var först med att lansera vätgasdrivna personbilar för privatmarknaden. Vi ser nu att även europeiska tillverkare lanserar sina egna bränslecellsbilar.”

Annual report 2024A · The company itself

“I slutet av året genomfördes en riktad nyemission om 5,75 miljoner aktier, genom vilken Powercell tillfördes cirka 190 MSEK före emissionskostnader. Nyemissionen genomfördes med syftet att fortsätta stödja OEM-kommersialiseringsfasen samt accelerera utvecklingen av nya produkter och applikationer.”

Annual report 2024A · The company itself

“Vehicle manufacturers continue to develop new safety features such as collision avoidance technology and self-driving vehicles that may reduce vehicle collisions in the future, potentially lowering demand for our automotive refinish coatings.”

Annual report unknown yearA · The company itself

“Alliances PPG has an established alliance with Asian Paints Ltd. to serve certain automotive refinish customers in India.”

Annual report unknown yearA · The company itself

“Alliances PPG has established alliances with: •Kansai Paints to serve Japanese-based automotive OEM customers in North America and Europe •Asian Paints to serve certain automotive OEM and industrial coatings customers in India Major Competitive Factors Product performance, technology, quality, technical and customer service, price, customer productivity and distribution.”

Annual report unknown yearA · The company itself

“PPG supplies paints, coatings and specialty products to customers serving a wide array of end-uses, including industrial equipment and components; packaging material; aircraft and marine equipment; automotive original equipment; automotive refinish and aftermarket; pavement marking products; as well as coatings for other industrial and consumer products.”

Annual report unknown yearA · The company itself

“PPG’s business is comprised of three reportable business segments: •Global Architectural Coatings: Leverages leading trusted brands and its world-class distribution networks to provide sustainable do-it-yourself (DIY), trade and retail high-performance solutions to customers across key geographies •Performance Coatings: Delivers highly-specified, differentiated products and services that enhance customer productivity, focused on aftermarket and select original equipment manufacturers to maximize profitable growth •Industrial Coatings: Provides direct-to-factory technology-advantaged solutions integrated into original equipment manufacturer customers’ operations that support their global expansion, sustainability and productivity goals.”

Annual report unknown yearA · The company itself

“Verkstad Life Science Produkter & enheter Försvar Energi Fordon & transport Stål & Mineral Telekom Verkstadsindustrin förändras genom satsningar på kompetens och investeringar läkemedelsbranschen.”

Annual report 2024A · The company itself

“Intäkter fördelade efter kundernas branschtillhörighet 2024 2023 Transport 730,4 841,4 Allmän industri 493,0 546,1 Bygg 416,1 473,6 Inredning 358,7 205,7 El 242,3 328,9 Grossister och övriga 31,3 43,4 2 271,8 2 439,1 Intäkter fördelade efter produkternas förädlingsgrad 2024 2023 Vidareförädlade produkter 1 698,2 1 850,7 Grossister och övriga 573,6 588,4 2 271,8 2 439,1 Information om geografiska marknader Försäljning sker i huvudsak till kunder i Europa där marknadsbetingelserna är likartade.”

Annual report 2024A · The company itself

“Exempelvis kan designen av produkterna göras mer kostnadseffektiv samtidigt som frågor om kvalitet och tillverkningsvolymer hanteras på ett ännu träffsäkrare sätt.”

Annual report 2024A · The company itself

“Slutanvändarna är professionella fotografer och kommersiella kunder, bland annat stora konsumentinriktade varumärken och e-handelsföretag.”

Annual report 2024A · The company itself

“Personal Lines Our Personal Lines operating segment writes insurance for personal autos and special lines products (e.g., recreational vehicles, such as motorcycles, RVs, and watercraft), collectively referred to as our personal vehicle business, and personal residential property insurance for homeowners and renters.”

Annual report 2025A · The company itself

“Commercial Lines The Commercial Lines operating segment writes auto-related liability and physical damage insurance, business-related general liability and commercial property insurance predominately for small businesses, and workers’ compensation insurance primarily for the transportation industry.”

Annual report 2025A · The company itself

“The core commercial auto business (which excludes TNC business and our Progressive Fleet & Specialty Programs (Fleet & Specialty) products) operates in the following commercial auto business market targets (BMT): •For-hire specialty – dump trucks, log trucks, and garbage trucks used primarily by dirt, sand and gravel, logging, garbage/debris removal, and coal-type businesses, •For-hire transportation – tractors, trailers, and straight trucks primarily used by regional general freight and expeditor-type businesses and long-haul operators, •Tow – tow trucks and wreckers used in towing services and gas/service station businesses, •Contractor – vans, pick-up trucks, and dump trucks used by light contractors (e.g., painters, plumbers, landscapers), and heavy construction, and •Business auto – autos, vans, pick-up trucks used by small businesses (e.g., retailing, manufacturing, farming) and for-hire livery (e.g., non-fleet (i.e., five or fewer vehicles) taxis, black-car services, and airport taxis).”

Annual report 2025A · The company itself

“We also offer our customers the ability to package their commercial auto coverage with other commercial coverages that are written by unaffiliated insurance companies.”

Annual report 2025A · The company itself

“We may also be adversely affected in our Commercial Lines business, which represents a significant portion of our growth potential, by trends or events that decrease the demand for services offered by, or decrease the profitability of, the commercial auto market, including trucking businesses and ridesharing services.”

Annual report 2025A · The company itself

“Our scale and customer-focused strategy have driven us to expand the services we offer. Our 1.3 billion square foot portfolio serves as the foundation for a comprehensive platform of solutions that address the challenges our customers face in global fulfillment today. Through Prologis Essentials, we deliver solutions to support our customers’ operational, energy and sustainability needs.”

Annual report 2025A · The company itself

“Through our collaboration with Infineon, we are helping man‑ ufacturers to create more intuitive, efficient, AI‑powered con‑ sumer devices by combining Infineon’s hardware expertise with Qt’s strengths in graphical user interface (GUI) develop‑ ment.”

Annual report 2025A · The company itself

“IAR’s solutions play a critical role in securing and accelerating the development of smart products in sectors such as automotive, industrial automation and medical devices.”

Annual report 2025A · The company itself

“Our solution for building low‑cost, high‑performance GUIs, has enabled for example Desay SV to create a supe‑ rior human‑machine interface (HMI) to Volkswagen California campervan and Verge Motorcycles to get their HMI running on their motorcycle in just 6 weeks after switching to Qt and Qt Design Studio.”

Annual report 2025A · The company itself

“Som global marknadsledare har de också branschledande tillväxt och marginaler, och arbetar med kunder som Volvo Cars, Tetra Pak, Alstom, AGCO och Jaguar Land Rover.”

Annual report 2024A · The company itself

“Hansoh In July 2025, our license agreement with Hansoh Pharmaceuticals Group Company Limited to acquire development and commercial rights outside of mainland China, Hong Kong, and Macau for HS-20094 (a dual GLP-1/GIP receptor agonist currently in Phase 3 clinical development in China) became effective. In-licensing a late-stage GLP-1/GIP agonist enables us to study combinations with our products and product candidates in order to address muscle loss and potentially other comorbidities of obesity, such as cardiovascular diseases, diabetes, and liver conditions. Under the terms of the agreement, we made an $80.0 million up-front payment in July 2025.”

Annual report 2025A · The company itself

“Under our collaboration agreement, Sanofi records product sales for commercialized products, and we have the right to co-commercialize such products on a country-by-country basis. We co-commercialize Dupixent in the United States and in certain countries outside the United States.”

Annual report 2025A · The company itself

“Jyväskylä Truck Center, M Ahlqvist, Raskone, Skeppsbrons, Team Verkstad, Team Verksted Liiketoimintamme 2025 Hyötyajoneuvojen korjaus ja huolto -liiketoiminnan liikevaihto oli 148,7 (105,6) miljoonaa euroa, kasvua 41 %. Ostetun liikevaihdon vaikutus kasvuun oli 43 %.”

Annual report 2025A · The company itself

“Huhtikuussa Relais hankki norjalaisen Team Verksted Holding AS:n, joka on valtakunnallinen hyötyajoneuvojen monimerkkihuoltoketju. Yhtiö tarjoaa rekkojen, kuorma- autojen, perävaunujen ja linja-autojen huolto- ja korjauspalveluja 21 omassa ja 3 franchising-korjaamossa sekä digitaalisessa sovelluksessa, ja se työllistää noin 330 henkilöä eri puolilla Norjaa.”

Annual report 2025A · The company itself

“Table of Contents A large portion of our revenue is transaction-based, in that we receive consideration in exchange for routing our users’ equity, option, and cryptocurrency trade orders to market makers, wholesalers and other liquidity providers (together, the “Liquidity Providers”) for execution. With respect to equities and options trading, such fees are known as payment for order flow, or “PFOF.””

Annual report 2025A · The company itself

“Major markets served by all segments consist of discrete end markets (e.g., Automotive including Electric Vehicle and Battery, Semiconductor, and e-Commerce & Warehouse Automation), hybrid end markets (e.g., Food & Beverage, Life Sciences, and Tire), and process end markets (e.g., Energy, Mining, and Chemicals).”

Annual report 2025A · The company itself

“In Canada, residential demand is expected to remain muted due to affordability issues and lower immigration, while manufacturing construction, particularly in the automotive industry, is expected to decline.”

Annual report 2025A · The company itself

“Därmed lämpar de sig utmärkt till filter för luft och vätskor, både till livsmedels- och fordonsindustrin.”

Annual report 2024A · The company itself

“Andel av total massaleverans 71 68 67 70 60 50 40 30 20 10 0 63 God efterfrågan på filter fortsätter trots ökad elektrifiering Fordonsindustrins behov av filter kommer att fortsätta ytterligare minst ett decennium framåt, Koncernen har en konkurrensfördel jämfört med andra leverantörer av massa till den globala fordonsindustrin.”

Annual report 2024A · The company itself

“Marknad och produktutveckling Genom Vallviks Bruk tillhör Rottneros de globala marknadsledarna inom massa för tillverkning av luft- och vätskefilter för främst fordons- och livsmedelsindustrin. Koncernen är även globalt ledande inom E-massa, en mycket vältvättad och ren kemisk massa med en unikt låg elektrisk konduktivitet, eller ledningsförmåga.”

Annual report 2024A · The company itself

“RTX operates as an international provider of advanced wireless technology solutions developed and manufactured for leading global brands.”

Annual report 2025A · The company itself

“The capital markets include asset managers, investment banks, commercial banks, insurance companies, exchanges, trading firms and issuers; the energy and commodity markets include producers, consumers, traders and intermediaries within energy, chemicals, shipping, metals, carbon and agriculture; and the automotive markets include manufacturers, suppliers, dealerships, service shops and customers.”

Annual report 2025A · The company itself

“Mobility Mobility is a leading provider of solutions serving the full automotive value chain including vehicle manufacturers (Original Equipment Manufacturers or OEMs), automotive suppliers, mobility service providers, retailers, consumers, and finance and insurance companies.”

Annual report 2025A · The company itself

“Mobility’s revenue is generated primarily through the following sources: •Subscription revenue — Mobility’s core information products provide critical information and insights to all global OEMs, most of the world’s leading suppliers, and the majority of the top North American dealerships.”

Annual report 2025A · The company itself

“•High or increasing interest rates, volatility in financial markets or the interest rate environment, significant political or economic events, and other market and economic factors may impact the supply and demand for new and used vehicles, which impacts our Mobility business. •Disruptions in the automotive supply chain impact production in the automotive industry and typically impact our Mobility business.”

Annual report 2025A · The company itself

“Consolidation of customers, reduced staffing levels of customers or reduced spending by customers could have a material adverse effect on our business, financial condition or results of operations. •Our businesses have a customer base which is largely comprised of members from the corporate, financial services, energy and commodities, and automotive industries.”

Annual report 2025A · The company itself

“Our service offerings are designed to work together and include: Table of Contents Agentforce Sales. Our Agentforce Sales offering is an integrated platform that brings together the power of humans with AI agents to help sales teams sell faster and smarter, and to efficiently manage and automate entire sales processes. It provides sales capabilities and tools built for an entire sales organization – across prospecting, sales engagement, team collaboration, sales analytics and AI, sales programs, sales performance, partner management, and revenue and orders.”

Annual report 2026A · The company itself

“Our industry vertical offerings meet the specific needs of our customers across different industries, such as financial services, healthcare and life sciences, manufacturing, automotive and government.”

Annual report 2026A · The company itself

“• Private UK includes the Group’s UK business, previously reported as Hastings in Sampo’s accounts. Sampo operates in the UK private insurance market through its customer brand Hastings, which is one of the leading digital P&C insurance providers focused on serving UK car, van, bike, and home insurance. • Nordic Commercial includes the Group’s Nordic commercial customer businesses, previously reported under the If and Topdanmark segments in Sampo’s accounts, as well as Oona Health.”

Annual report 2025A · The company itself

“Through the Edge end market, we provide our original equipment manufacturer (“OEM”) and channel customers a broad array of high-performance flash solutions across personal computer, mobile, gaming, automotive, physical AI, at-home entertainment, and industrial spaces.”

Annual report 2026A · The company itself

“Through the Edge end market, we provide numerous data solutions that we incorporate into our client’s devices, which consist of SSDs for desktop and notebook PCs, gaming consoles and set top boxes, as well as flash-based embedded storage products for mobile phones, tablets, notebook PCs and other portable and wearable devices, automotive applications, Internet of Things, and industrial and connected home applications.”

Annual report 2026A · The company itself

“Sales and Distribution We sell our products to computer manufacturers and OEMs, cloud service providers, resellers, distributors and retailers throughout the world.”

Annual report 2026A · The company itself

“Sandvik Machining Solutions prioriterade områden är att stärka vår position inom vändskär, ta en ledande position inom runda verktyg och i mellansegmentet, samt att expandera utanför Europa. Ambitionen är också att vara branschledande inom digitala lösningar och att bemästra övergången till elfordon inom fordonsindustrin.”

Annual report 2024A · The company itself

“Sandvik Machining Solutions tog viktiga steg i sin strategiska expansion genom förvärvet av det ledande USA-baserade företaget PDQ, en tillverkare av fixturer och verktyg för arbetshållare.”

Annual report 2024A · The company itself

“— Mobile Crushing and Screening — Attachment Tools Sandvik Manufacturing & Machining Solutions En marknadsledande tillverkare av verktyg och verktygssystem för avancerad skärande metallbearbetning som expanderar inom digital tillverkning och mjukvarulösningar, liksom metallpulver och tekniker som produktionsintegrerad metrologi.”

Annual report 2024A · The company itself

“Våra mjukvarulösningar, hårdmetallverktyg och system för svarvning, fräsning och borrning i metall, liksom vårt erbjudande inom industriell metrologi, ökar produktiviteten vid tillverkning av till exempel motorer och växellådor .”

Annual report 2024A · The company itself

“Våra verktyg och verktygssystem för skärande metall bearbetning och mjukvara för tillverkning används i verkstadsindustrin över hela världen. De ökar produktivitet, lönsamhet, kvalitet och säkerhet samt minskar påverkan på miljön.”

Annual report 2024A · The company itself

“Affärsområdet består av två segment: Sandvik Machining Solutions och Sandvik Manufacturing Solutions. Sandvik Machining Solutions tillhandahåller verktyg, verktygssystem och tjänster som optimerar bearbetningsprocesser, som svarvning, fräsning och borrning, samt lösningar för verktygshantering. Sandvik Manufacturing Solutions tillhandahåller digitala tillverknings- och mjukvarulösningar för design- och planeringsautomation samt industriell mätteknik.”

Annual report 2024A · The company itself

“Låg industriell aktivitet samt specifika utmaningar för fordonsindustrin ledde till minskade volymer inom skärverktyg, framför allt i Europa.”

Annual report 2024A · The company itself

“machine-rolled cigars Market leader in Europe Pipe tobacco Undisputed global leader 5.9 DKK BN Shareholder returns in the past 5 years 100 + Markets across the globe Performance highlights 2025 became a challenging year for Scandinavian Tobacco Group, with a combination of external disruptions and internal operational issues.”

Annual report 2025A · The company itself

““Manufacture of low carbon technologies for transport”: Scanfil manufactures on-board charger and frequency converters, fulfilling the substantial contribution criteria for a selection of two subsections: (i) vehicles of categories N2 and N3; (m) sea and coastal passenger water transport vessels. • CCM 3.5.”

Annual report 2025A · The company itself

“Färg-In AB är en ledande aktör inom försäljning av färg och service till den produktmålande industrin. Bolaget har 25 anställda, huvudkontor i Kristinehamn samt verksamhet i Leksand och Skellefteå.”

Annual report 2024A · The company itself

“Pexymek AB är en ledande leverantör inom kabelskydd, antennfästen och kallmanglar till den nordiska marknaden. Bolaget erbjuder även legoproduktion inom metallbearbetning.”

Annual report 2024A · The company itself

“Thor Ahlgren AB, med huvudkontor i Skillingaryd, tillhandahåller pressade, stansade och laserskurna plåtdetaljer med hög precision till ledande svenska industribolag, företrädelsevis inom fordonsindustrin. Bolaget har 29 anställda.”

Annual report 2024A · The company itself

“Kenpo Sandwich, med dotterbolaget Novasip, utvecklar och säljer sandwichelement som används både för uppbyggnad av karosser inom transportbranschen och som byggelement i huskonstruktioner. Bolaget har huvudkontor i Halmstad och har 23 anställda.”

Annual report 2024A · The company itself

“Table of Contents Performance Coatings Group The Performance Coatings Group develops and sells industrial coatings for wood finishing and general industrial (metal and plastic) applications, automotive refinish, protective and marine coatings, coil coatings, packaging coatings and performance-based resins and colorants worldwide.”

Annual report 2025A · The company itself

“Kompaktgrafitjärn är en form av gjutjärn, som ger minst 75 % högre draghållfasthet, 45 % högre styvhet och ungefär dubbelt så hög utmattningshållfasthet mot konventionellt gjutet järn och aluminium. Användning av CGI i motorapplikationer möjliggör tillverkning av mindre, effektivare, högre presterande och mer hållfasta motorer som har lägre bränsleförbrukning, mindre koldioxidutsläpp och lägre motorljud.”

Annual report 2024A · The company itself

“Super Duty-pickuper stod för 31 % av volymen 2024, inklusive en minskad produktionstakt efter att ett högvolymsprogram avslutades i september 2024. Mer än hälften av alla Super Duty-köpare väljer dieselmotorn för bättre bränsleeffektivitet, dragkapacitet och livslängd.”

Annual report 2024A · The company itself

“Fullstora pickuper stod för 11 % av volymen 2024. SinterCast-CGI 2,7-liters V6- bensinmotor är det minsta och mest bränsleeffektiva alternativet i Ford F-150.”

Annual report 2024A · The company itself

“Väsentliga händelser i verksamheten Teknik • På Mobile World Congress i Barcelona, 26-29 februari, lanserade Sivers Semiconductors affärsenhet Wireless sin nya kommersiella Radiofrekvens (RF)-modul BFM02803. Modulen är optimerad för högpresterande, högeffektiva applikationer för fasta trådlösa accessnät (FWA), möjliggör differentiering och uppfyller kraven för storskalig produktion av FWA-produkter. BFM02803 är designad för att integreras med ledande basbandmodem som täcker 5G FR2 millimetervågsbanden N257, N258 och N261 (från 24,25 GHz till 29,5 GHz). • Affärsenheten Photonics, i samarbete med ekosystempartners, demonstrerade sin avancerade laserchip- och arrayteknik vid konferensen för optisk fiberkommunikation (OFC) i San Diego den 24-28 mars.”

Annual report 2024A · The company itself

“TVÅ KRAFTFULLA SEKULÄRA TRENDER FOKUSMARKNADER Tillgängliga slutmarknader för Sivers lösningar: AI-datacenter Hälsovård Bilindustri Luftfart & Försvar Industri Satellitkommunikation (SATCOM) Fixed Wireless Access (FWA) 5G RAN/ORAN Höghastighetståg Avancerade radar - In-Service FPAs Global FPA Volumes F SS GEO- HTS Non -GE O HTS Source: Källa: NSR Källa: Earnings Transcript Global Flat-Panel Arrays (FPA)Datacenter CAPEX spend ($B) by Hyperscalers Samtidigt fortsätter antalet uppskjutna satelliter i låg omloppsbana (LEO) att öka markant, med flera nya utrullningar planerade inom både kommersiella och försvarsrelaterade infrastruktursek - torer under de kommande åren.”

Annual report 2024A · The company itself

“Med en ledande position inom betallösningar för företag i Europa och Nordamerika tillhandahåller SEB Kort cirka 4 miljoner debet- och kreditkort samt finansierings- och betalningslösningar till företags- och privatkunder.”

Annual report 2024A · The company itself

“Saied Ghannadan, vd, UCS Anna Westerlund, Vice President Group Treasury, Epiroc Global Banking Vi tillgodoser bankbehoven hos storföretagskunder, banker och institutioner med ett brett utbud av finansiella tjänster. Erbjudandet omfattar finansierings- och transaktionstjänster.”

Annual report 2024A · The company itself

“Vi är ett helägt dotterbolag till SEB-koncernen och är en ledande leverantör av betalningslösningar för företag i Europa, inklusive företagskort, företagskonton och co-branding.”

Annual report 2024A · The company itself

“Risks Associated with the Development, Manufacturing, and Sale of Our Products •Our operating results may be adversely affected by quarterly and annual fluctuations. •We rely on a small number of customers for a large portion of our sales. •We rely on Original Equipment Manufacturers (“OEMs”) and Original Design Manufacturers (“ODMs”) to design our products into their end products. •Our manufacturing processes are extremely complex, specialized, and subject to disruption. •We may not be able to maintain and improve manufacturing yields. •We are dependent upon third parties for the manufacture, assembly, and testing of our products. •We are dependent upon third parties for the supply of raw materials and components. •We may not be able to effectively operate our business if we are unable to attract and retain qualified personnel.”

Annual report 2025A · The company itself

“Although we invest significant resources in the testing of our products, from time to time we become aware of alleged defects in our products after they have been shipped, and we may be required to incur additional development and remediation costs or cash payments to settle claims pursuant to warranty and indemnification provisions in our customer contracts and purchase orders. Certain of our products, including “high reliability” solutions, may not be able to perform under stringent operating conditions. Examples of our “high reliability” solutions include products used in the aerospace, automotive, defense, and medical markets.”

Annual report 2025A · The company itself

“SpareBank 1 Finans Østlandet AS er et finansieringsselskap som tilbyr leasing og lån gjennom forhandlere, samarbeidende banker og direkte mot kunder.”

Annual report 2024A · The company itself

“Investeringen omfattar även en anläggning med kallvalsning och galvanisering för att förse fordonsindustrin med ett bredare utbud av premiumprodukter.”

Annual report 2024A · The company itself

“Kundsegment Kundsegmenten omfattar tunga transporter, bygg och infrastruktur, fordonsindustri, industriapplikationer, bygg- och anläggningsmaskiner (inklusive lyftkranar) samt energi- och materialhantering (inklusive gruvdrift).”

Annual report 2024A · The company itself

“SSAB Europe ansvarar för försäljning av produkter inom tunnplåt, grovplåt och rör i Europa, samt den globala affären för höghållfasta stål till kunder inom Automotive.”

Annual report 2024A · The company itself

“Det är särskilt intressant exempelvis för tillverkare av fordon och tunga maskiner där man vill få ner vikten, öka prestandan och minska sitt koldioxidavtryck.”

Annual report 2024A · The company itself

“De främsta konkurrenterna är amerikanska SSAB Americas bidrar till SSABs strategi genom att: • Öka andelen premiumprodukter • Bibehålla en ledande position på SSABs hemmamarknad Nordamerika stålproducenter som Nucor, Cleveland-Cliffs, EVRAZ, Algoma Steel samt importerade produkter.”

Annual report 2024A · The company itself

“Nedströms värdekedja SSABs kunder omfattar bland annat företag inom tunga transporter, byggindustrin, fordonsindustrin och bygg- och anläggningsmaskiner.”

Annual report 2024A · The company itself

“Demand for the Company’s products depends, in part, on the general economic conditions affecting the industries and markets in which it does business, including, but not limited to, construction and housing, general industrial, automotive, aerospace and outdoor, and can be significantly reduced in an economic environment characterized by high unemployment, high interest rates, cautious consumer spending, inflation, lower corporate earnings, and lower business investment.”

Annual report 2026A · The company itself

“USS and NPS provide complementary distribution channels for metallic-coated and pre-painted flat rolled steel coils and steel processing capabilities, including slitting, blanking, cutting to length, stamping and fabrication services. USS primarily serves roll-former customers in the roofing and siding industry, while also expanding our reach to customers that have not historically purchased steel directly from a primary steel producer. NPS serves a wide range of customers, including those in agriculture, appliance, automotive, and construction industries, as well as other markets.”

Annual report 2025A · The company itself

“SBQ products are principally consumed by cold finishers, forgers, intermediate processors, OEM manufacturers, steel service centers, and distributors, as well as pull-through volume to Vulcan. Our MBQ products are sold primarily to steel service centers, as well as reinforcing steel bar distributors, joist producers (such as our New Millennium Building Systems), and OEMs.”

Annual report 2025A · The company itself

“Our aluminum operations provide flat rolled products with high recycled content to the countercyclical, sustainable beverage can industry, as well as the automotive and industrial sectors.”

Annual report 2025A · The company itself

“The principal raw materials of our aluminum operations are raw aluminum (P1020) and recycled aluminum scrap derived from, among other sources, “home scrap,” generated internally at our rolling mill; industrial scrap, generated as a by-product of manufacturing, recycled from automotive and food beverage container manufacturers; and recycled materials from end-of-life trucks and automobiles, industrial products, and used food and beverage containers (“UBCs”).”

Annual report 2025A · The company itself

“Our business is also dependent upon certain industries, such as construction, automotive, manufacturing, transportation, heavy and agricultural equipment, energy, food packaging, beverage can and pipe and tube (including OCTG) markets, and many of these industries are also cyclical in nature and may experience supply chain disruptions.”

Annual report 2025A · The company itself

“The sale of our manufactured steel and aluminum products is directly affected by demand for our products in other cyclical industries, such as construction, automotive, manufacturing, transportation, heavy and agricultural equipment, energy, food packaging, beverage can and pipe and tube (including OCTG) markets.”

Annual report 2025A · The company itself

“INDUSTRI I segmentet Industri ingår den operativa underkoncernen Galdax samt bolagen MittX aluminiumproffset och Trainparts. Galdax-koncernens verksamhet omfattar produktion med hög teknisk nivå av regummerade däck till tunga fordon (lastbilar och bussar) samt försäljning av dessa däck och även - i form av däckgrossist - av alla slags nyproducerade däck till tunga och lätta fordon samt av fälgar och diverse andra tillbehör.”

Annual report 2024A · The company itself

“Trainparts är ett välansett industriföretag med inriktning på underhåll, ombyggnad och nytillverkning av bladfjädrar, buffertar och draginrättningar till järnvägsfordon. Trainparts arbetar även med andra produkter för vagnsunderhåll såsom bromsklosskilar, centruminlägg, fotsteg, handtag, bussningar och andra slitdelar och reservdelar.”

Annual report 2024A · The company itself

“Kunderna omfattar främst däckverkstäder och åkerier samt en mängd andra rörelsedrivande verksamheter med egen transportfunktion.”

Annual report 2024A · The company itself

“Stolt Tankers, Stolthaven Terminals and Stolt Tank Containers are engaged in the worldwide transportation, storage and distribution of bulk liquid chemicals, edible oils, acids and other speciality chemicals, some of which are hazardous if not handled correctly.”

Annual report 2024A · The company itself

“Her hadde vi opprinnelig et mål om 40 % i 2025, men ser at utvikling av bilparken at dette vil bli krevende å nå. Vi har derfor i 2024 justert dette målet til 38 % og til 35 % for 2030. En nedjustering skyldes at det er stadig mindre felt i moderne biler som kan repareres på grunn av kompleks materialsammensetning og avanserte styringssystemer som er integrert i glassrutene.”

Annual report 2024A · The company itself

“Skadeforsikring er et nøkkelområde for lønnsom vekst i konsernet, og Storebrand Bank spiller en viktig strategisk rolle i å tilby et komplett utvalg av finansielle produkter og tjenester.”

Annual report 2024A · The company itself

“Adverse economic conditions affect demand for devices that our products help create, such as the ICs incorporated in personal computers, smartphones, automobiles, servers and more.”

Annual report 2025A · The company itself

“This broad portfolio of IP has been optimized to address specific application requirements for the AI/data center, automotive, edge AI, digital home, Internet of things and mobile markets, enabling designers to quickly develop SoCs or multi-die designs in these areas.”

Annual report 2025A · The company itself

“Our Ansys® solutions portfolio is widely used by engineers, designers, researchers and students across a broad spectrum of industries and academia, including high-tech, aerospace and defense, automotive, energy, industrial equipment, materials and chemicals, consumer products, healthcare and construction.”

Annual report 2025A · The company itself

“These solutions include Ansys Mechanical™, Ansys LS-DYNA, Ansys SherlockTM and more. •Electronics – Our electronics product suite provides electromagnetic field simulation software for designing high-performance electronic and electromechanical products. The software streamlines the design process and predicts performance of mobile communication and internet-access devices, broadband networking components and systems, ICs and printed circuit boards.”

Annual report 2025A · The company itself

“It is also used in low-frequency applications such as electromechanical systems, automotive components, industrial electric motors and power electronics equipment.”

Annual report 2025A · The company itself

“We derive a significant portion of our revenue from the sale of products made for video game platforms manufactured by third parties, such as Sony's PlayStation consoles and Microsoft's Xbox consoles, which comprised 39.0% of our net revenue by product platform for the fiscal year ended March 31, 2026.”

Annual report 2026A · The company itself

“Changes in the composition of refined petroleum products resulting from governmental regulation, changes in feedstocks, products and economics, and demand for heating fuel, ethylene and propylene could adversely affect demand for normal butane. The volume of butane sold is increasingly driven by international exports supplying a growing demand for the product.”

Annual report 2025A · The company itself

“Isobutane is predominantly used in refineries to produce alkylates to enhance octane levels.”

Annual report 2025A · The company itself

“The advanced nano-sized materials are currently developed in close cooperation with potential customers and are to be applied in the manufacturing of microelectronic devices (MLCCs) used in consumer electronics, autonomous vehicles, and 5G and Internet-of-Things (IoT) communications equipment.”

Annual report 2024A · The company itself

“Changes in production rates for major aircraft manufacturers, like Boeing and Airbus, impact our commercial aerospace businesses. Boeing and Airbus have in the recent past struggled to meet delivery targets due to supply chain issues and other challenges. Any future pauses or reductions in manufacturing from Boeing or Airbus could negatively impact our business.”

Annual report 2025A · The company itself

“Our customers use our equipment in the design, development, manufacture, installation, deployment and operation of electronics equipment in a broad range of industries, including aerospace and defense, internet infrastructure, automotive, industrial, computer and semiconductor, consumer electronics mobile, and power electronics.”

Annual report 2025A · The company itself

“Our torque sensors are also used in other markets, including automotive and power tools.”

Annual report 2025A · The company itself

“Public Safety and Mobility -segmentin merkittävin asiakaskunta koostuu junavalmistajista ja julkisen sektorin organisaatioista, kuten joukkoliikenneoperaattoreista ja viranomaisista.”

Annual report 2025A · The company itself

“Teradyne’s automated test systems are used to test semiconductors, wireless products, data storage, silicon photonics, and complex electronics systems in many industries including consumer electronics, wireless, automotive, industrial, computing, communications, and aerospace and defense industries.”

Annual report 2025A · The company itself

“Market Sector Industrial Industrial automation (33% of TI revenue) Aerospace & defense Energy infrastructure Building automation Medical & healthcare Test & measurement Other industrial equipment Appliances Power delivery Robotics Automotive Infotainment & cluster (33% of TI revenue) Advanced driver assistance systems (ADAS) Body electronics & lighting Hybrid, electric & powertrain systems Chassis control & safety Data center Data center compute (9% of TI revenue) Data center networking Rack power & thermal management Personal electronics Mobile phones (21% of TI revenue) PC & notebooks Portable electronics Home theater & entertainment Connected peripherals & printers TV Tablets Wearables (non-medical) Gaming Data storage Communications equipment Wireless infrastructure (3% of TI revenue) Wired networking Broadband fixed line access In addition, we sell calculators, which was about 1% of our revenue.”

Annual report 2025A · The company itself

“Kautex is a leader in designing and manufacturing plastic fuel systems for automobiles and light trucks, including blow-molded solutions for conventional plastic fuel tanks and pressurized plastic fuel tanks for hybrid vehicle applications. Kautex also develops and manufactures clear-vision systems for automotive safety and advanced driver assistance systems (ADAS).”

Annual report 2026A · The company itself

“Kautex’s business model is focused on developing and maintaining long-term customer relationships with leading global original equipment manufacturers (OEMs).”

Annual report 2026A · The company itself

“Vi driver tillväxten i kategorin med innovativa produktlanseringar och ett starkt fokus på att stödja återförsäljare med butikskoncept, online-verktyg och inspirerande mark - nadskommunikation. Marknaden påverkas positivt av den globala sport och fritids trenden, men också av behovet att ta med sig nya produkter när man är ute och reser, till exempel tyngre elcyklar, som kräver nya robusta lösningar.”

Annual report 2023A · The company itself

“Tack vare att vi är aktiva i olika forum och arbetsgrupper där nya standarder och riktlinjer för våra produktkategorier utarbetas, har vi en god kännedom om framtida krav på de 138 marknader där vi är verksamma.”

Annual report 2023A · The company itself

“Thule Groups världsledande produktutveckling ökar konkurrenskraften och de avancerade testerna är särskilt viktiga inom tekniskt avancerade produktkategorier, som bilbarnstolar och hundburar där krocksäkerheten är i fokus.”

Annual report 2023A · The company itself

“Vi tar steget in i två helt nya produkt kategorier, bilbarnstolar och hundtransport.”

Annual report 2023A · The company itself

“I Nordamerika har vi valt att ha ett nischat produkterbjudande fokuserat på mindre fordon för aktiva människor. Vi är därför mindre beroende av den generella husbilsmarknaden i Nordamerika.”

Annual report 2023A · The company itself

“Starkast positivt bidragande faktorer var den ökade försäljningen av mindre väskor för dagligt bruk, som vår nya kollektion av ryggsäcken Thule Aion, samt kabin- och duffelväskor som fortsatte växa starkt när resandet fortsatte att öka. från 2022: -24 % (valutajusterat) Förändring i omsättning från 2022: -14 % (valutajusterat) Förändring i omsättning från 2022: -69 % (valutajusterat) Förändring i omsättning från 2022: -11 % (valutajusterat) /19/ Thule Group i korthet Året 2023 i korthet Vd har ordet Omvärld och marknad Affärsidé och varumärke Strategiska prioriteringar Mål och utfall Thule Groups verksamhet Investment case PRODUKTKATEGORIER Försäljning, utveckling och långsiktig ambition – stark marknadsutveckling i alla kategorier Thule Group är marknadsledande i koncernens största produktkategori, Sport&Cargo Carriers, med ungefär hälften av den globala marknaden.”

Annual report 2023A · The company itself

“Marknadsposition: Global marknadsledare inom cykelrelaterade barnprodukter och växande aktör inom barnvagnar.”

Annual report 2023A · The company itself

“Under mottot Active Life, Simplified. och med ett fokus på konsumentdriven innovation och ett långsiktigt hållbarhetsperspektiv utvecklar, tillverkar och marknadsför vi produkter inom produktkategorierna Sport&Cargo Carriers (t.ex. takräcken, takboxar, hållare för cykel-, vatten- och vintersporter, taktält som monteras på bil), Juvenile & Pet Products (t.ex. bilbarnstolar, barnvagnar, cykelvagnar, cykelbarnstolar och hundtransport), RV Products (t.ex. markiser, cykelhållare och tält för husbilar och husvagnar) och Packs, Bags & Luggage (t.ex. vandringsryggsäckar, resväskor och kameraväskor).”

Annual report 2023A · The company itself

“The IMG business is a leading global sports marketing company, specializing in media rights management and sales, multi-channel content production and distribution, brand partnerships, strategic consulting, digital services, and event management. It powers revenue, fanbase, and IP growth for more than 300 federations, associations, events, and teams, including the English Premier League, Major League Soccer, The R&A, Wimbledon, DP World Tour, ATP and WTA Tours, the National Football League, CONMEBOL, Euroleague Basketball, Saudi Pro League, as well as its owned channel Sport 24.”

Annual report 2025A · The company itself

“Significant portions of trade receivables also relate to third party venues.‌ F-14 Table of Contents As of December 31, 2025 and 2024 there were no customers that accounted for 10% or more of the Company’s accounts receivable.”

Annual report 2025A · The company itself

“Northland Transportation provides insurance coverage for the commercial trucking industry. Agribusiness serves small- to medium-sized agricultural businesses, including farms, ranches and other agricultural-related operations.”

Annual report 2025A · The company itself

“Försäljningen relaterad till fordonsindustrin uppgick till 17 procent (16) och försäljningen relaterad till hälsovård & medicinteknik var 9 procent (9).”

Annual report 2024A · The company itself

“Within each of our markets, we encounter direct competition from other GNSS, software, optical, and laser suppliers, and competition may intensify from various larger U.S. and non-U.S. competitors and new market entrants.”

Annual report 2026A · The company itself

“The continuing availability of these non-GNSS radio frequencies is essential to provide enhanced GNSS products to our precision survey, and construction machine controls markets.”

Annual report 2026A · The company itself

“Våra skyddslösningar återfinns inom tillverkande industrier inom robotceller och automationslösningar, inom automatiserade lager med rasskydd, hyllplan, väggar för avgränsning och avdelning, sensorbaserad övervakning för minskade olyckor samt förråd för förvaring.”

Annual report 2024A · The company itself

“united bankersin vuosi vastuullisuus united bankersilla konsernitilinpäätös hallinnointi sijoittajille UB Corporate Finance toimi tilikauden aikana taloudellisena neuvonantajana Endomines Finlandin pitkäaikaisessa rahoituskokonaisuudessa ja Åhlénsin taloudellisena neuvonantajana sen solmiessa hankintayhteistyösopimuksen SOK:n kanssa. Lisäksi yhtiö toimi taloudellisena neuvonantajana Herantis Pharman, Optomedin ja Aspocompin suunnatuissa osakeanneissa.”

Annual report 2025A · The company itself

“• Packaging and labeling: biochemicals for plastic packaging, packaging papers, paper for label materials, label materials, pulp for packaging and labeling • Tissue and hygiene: pulp for tissue, fluff pulp for hygiene products • Automotive and transportation: renewable fuels, renewable naphtha, renewable functional fillers for rubber, renewable glycols, self-adhesive automotive films, LNG shipbuilding, vehicle flooring • Printing and publishing: magazines and books, newspapers, advertising and catalogues, envelopes, home and office papers, pulp for printing • Low-emission energy: CO2-free electricity, renewable energy • Construction: building and construction, concrete forming, interior and exterior design, furniture • Apparel and textiles: renewable naphtha, bio-based monoethylene glycols (BioMEG) • Graphic solutions: large format printing media, protective lamination, screen and UV offset films, sign-making films, vehicle wrapping films, decoration films, PVC-free graphics solutions materials, CCK release base papers Engagement with customers UPM's businesses offer a wide range of products and services.”

Annual report 2025A · The company itself

“Genom ledande och hållbara industri lösningar bidrar vi till ökad säkerhet för såväl människor som gods och infrastruktur – våra klimatsystem, släpvagnskopplingar, automatiska snökedjor, skjutbara tak, lösningar för mekanisk kraft överföring samt energi- och stötdämpning fyller alla viktiga samhällsfunktioner.”

Annual report 2024A · The company itself

“Verksamheten bestod under 2024 av tre divisioner. ■ Truck & Trailer Equipment – Divisionens två varumärken för släpvagnskopplingar, VBG och Ringfeder, står för mer än 50 procent av världsmarknaden. VBG är ledande i Norden och Storbritannien medan Ringfeder är starkt i övriga Europa och på andra marknader, som exempelvis Australien. Truck & Trailer Equipment har även en världsledande position inom automatiska snökedjor genom varumärket Onspot, med en marknadsandel på cirka 65 procent och en väletablerad försäljning i Europa och Nordamerika.”

Annual report 2024A · The company itself

“Truck & Trailer Equipment har genom starka varumärken en ledande global position inom utveckling, tillverkning, marknadsföring och försäljning av utrustning till kommersiella fordon. Släpvagnskopplingar säljs under varumärkena VBG och Ringfeder, därutöver har divisionen även en ledande position inom automatiska snökedjor som säljs under varumärket Onspot. Divisionen har vidare en stark marknadsposition av skjutbara tak för trailers och järnvägsvagnar under varumärkena Edscha Trailer Systems och Sesam.”

Annual report 2024A · The company itself

“Truck & Trailer Equipment bibehöll robust lönsamhet trots vikande efterfrågan på semitrailermarknaden i Europa tack vare en gynnsam produktmix och genomförda förbättringar.”

Annual report 2024A · The company itself

“Mobile Thermal Solutions är genom sina varumärken Mobile Climate Control och Bus Climate Control branschledande leverantör av kompletta klimatsystem till kommersiella fordon, i framför allt Nordamerika och Europa.”

Annual report 2024A · The company itself

“För släpvagnskopplingar är det vanligaste kundsegmentet chassipåbyggare/integratörer. ■ För automatiska snökedjor är kunden främst användare av kommersiella lastfordon, bussar och utryckningsfordon. ■ För skjutbara tak är det största kundsegmentet, tillverkare av kapelltäckta semitrailers.”

Annual report 2024A · The company itself

“As the market leader in used car marketplaces across Norway, Sweden and Denmark, our trusted brands FINN, Blocket, Bytbil, Bilinfo and Bilbasen connect buyers and sellers with more than 400,000 active listings and 78 million visits every month.”

Annual report 2024A · The company itself

“In the growing C2B segment, we are front-runners in Norway and Finland with Nettbil and AutoVex, providing seamless solutions for consumers to sell their cars to dealers.”

Annual report 2024A · The company itself

“We also indirectly sell and promote services to consumers and end-users through our professional marketplace partners such as car dealers, real estate agents and third-party advertisers.”

Annual report 2024A · The company itself

“Our auto solutions are powered by a mix of third-party and proprietary data ranging from 2 billion traffic court records to characteristics on more than 280 million insured drivers and 288 million registered vehicles with access to expansive industry databases on loss costs and claims.”

Annual report 2025A · The company itself

“Insurance Segment We operate in one segment, Insurance, which primarily serves our P&C insurance customers across most personal and commercial lines of business, focusing on the fundamental building blocks of insurance programs, the prediction of loss, the selection and pricing of risk, and compliance with their reporting requirements in each U.S. state in which they operate.”

Annual report 2025A · The company itself

“SE 2020 56 98 % Vitec Autosystemer Fordons-, transport- och maskinbranschen i Norge.”

Annual report 2024A · The company itself

“FI 2023 19 77 % Vitec Datamann Bilhandlare och bilverkstäder i Danmark.”

Annual report 2024A · The company itself

“DK 2015 74 87 % Vitec DocuBizz Fordonsbranschen i norra Europa och USA.”

Annual report 2024A · The company itself

“NO 2015 38 76 % Våra affärsenheter Affärsenhet Målgrupp Säte Förvärvsår Det här är Vitec Vd har ordet Ordförande har ordet Vitec 40 år Affärsmodell och position Programvaror för unika behov Vi skapar Vitec tillsammans Aktien och ägare Vitec Futursoft Fordons- och maskinbranschen i Finland och Sverige.”

Annual report 2024A · The company itself

“Beneli är en innovativ kontraktstillverkare som erbjuder tryckt elektronik samt komplexa självhäftande applikationer med höga kvalitetskrav. Kunderna finns främst inom medicinteknikoch fordonsindustrin.”

Annual report 2024A · The company itself

“Volvo Cars helårsförsäljning nådde ett nytt globalt rekord med 763,4 (708,7) tusen sålda bilar. Wholesales ökade med 7 procent och produktionen minskade med 1 procent till 760,4 (766,7) tusen bilar. Volvo Cars växte snabbare än premiumbilsmarknaden och tog marknadsandelar i flera regioner, samtidigt som prisdisciplinen bibehölls trots dämpad efterfrågan och osäkra ekonomiska förhållanden.”

Annual report 2024A · The company itself

“The Company believes that auto-related claims are being particularly impacted by social inflation, which is contributing to an increase in the frequency of large losses beyond expectations. An increase in the frequency of litigated claims is also driving up both indemnity and loss adjustment expense in these lines of business beyond expectations.”

Annual report 2025A · The company itself

“The Freight Segment primarily manufactures new and modernized locomotives; provides aftermarket parts and services to existing locomotives; provides components to new and existing freight cars; supplies rail control and infrastructure products including electronics, positive train control equipment, signal design and engineering services; provides a comprehensive suite of software-enabled solutions designed to improve customer safety, efficiency and productivity in the transportation and mining industries; overhauls locomotives; provides heat exchangers and cooling systems for rail and other industrial markets; provides nondestructive testing, remote visual inspection and analytical instruments solutions for mission critical assets; and delivers train detection, wayside object control solutions, and axle counting systems. Customers include large, publicly traded railroads, leasing companies, manufacturers of original equipment such as locomotives and freight cars, utilities, and companies in the mining, marine, and industrial markets.”

Annual report 2025A · The company itself

“Customers include public transit authorities and municipalities, leasing companies, manufacturers of passenger transit vehicles and buses, and companies in the electrical generation, distribution, and charging industries.”

Annual report 2025A · The company itself

“Average net freight rates increased by about 7 USD/cbm, where the major driver was repricing book of business. Positive development in trade and customer mix were also contributing factors in terms of average net freight rates.”

Annual report 2024A · The company itself

“In 2024, the global auto market experienced varied trends, with growth in North America and China, but challenges in BEV sales in the EU.”

Annual report 2024A · The company itself

“In 2024, North American production reached 16 million units, a 2 percent increase over 2023.”

Annual report 2024A · The company itself

“In 2024, Chinese exports totaled 5.86 million vehicles, growing by 19.3 percent YoY, driven by higher volumes to Southeast Asia, the Middle East, Africa, and South America.”

Annual report 2024A · The company itself

“Wallenius Wilhelmsen's main objective for the shipping segment is to strengthen its position as the RoRo shipping market leader with unrivaled high & heavy and breakbulk capabilities.”

Annual report 2024A · The company itself

“We partner with global original equipment manufacturers in the automotive segment, as well as the leading manufacturers of high & heavy equipment for construction, agriculture and mining.”

Annual report 2024A · The company itself

“Auto is the largest product group in the logistics portfolio, providing light vehicle processing services to auto producers globally.”

Annual report 2024A · The company itself

“North America, a main contributor to the auto business, delivered a 4 percent increase in volume and 6 percent price/mix, positively impacting profit margins.”

Annual report 2024A · The company itself

“Content revenues are generated from the release of feature films for initial exhibition in theaters, production of programs licensed for initial television/SVOD exhibition, the additional licensing of feature films and television programs to various television, SVOD and other digital markets, distribution of feature films and television programs in the physical and digital home entertainment market, sales of console games and mobile in-game content, sublicensing of sports rights, and licensing of intellectual property such as characters and brands.”

Annual report 2025A · The company itself

“We compete with several companies across our major product lines. Because of the special nature of these products, competition is based primarily on product design and performance, although total cost is becoming increasingly important as pharmaceutical companies continue with aggressive cost-control programs across their operations.”

Annual report 2025A · The company itself

“Our customers include leading biologic, generic, pharmaceutical, diagnostic, and medical device companies in the world.”

Annual report 2025A · The company itself

“Marketing Our Proprietary Products customers primarily include many of the major biologic, generic, and pharmaceutical drug companies in the world, which incorporate our components and other offerings into their injectable products for distribution to the point of care and ultimate end-user, the patient.”

Annual report 2025A · The company itself

“Omavaraisuusaste vahvistui tilikauden aikana ja oli 21 (15) prosenttia.”

Annual report 2025A · The company itself

“Strategian neljä painopistettä ovat kannattava kasvu merkkiliiketoiminnasta, vaihtoautojen myynnin kaksinkertaistaminen, erinomainen asiakaskokemus ja alan huippuosaajat.”

Annual report 2025A · The company itself

“Wetteri keskittyy ydin - liiketoimintaansa tarkastelemalla merkkiportfoliota uusissa autoissa, parantamalla huolto- ja vauriokorjaamojen tehokkuutta sekä vahvista - malla vaihtoautoliiketoimintaa.”

Annual report 2025A · The company itself

“Tavoitteena on liikevaihdon ja myyntikatteen kasvattaminen, kulurakenteen keventäminen, velkaantuneisuuden vähentäminen ja pysyvän tuloskäänteen saavuttaminen.”

Annual report 2025A · The company itself

“Tavoitteena on kaksinkertaistaa vaihtoautoliiketoiminnan myynti vuoden 2025 tasosta strategiakauden aikana.”

Annual report 2025A · The company itself

“Wetterin tahtotila on palvella merkkihuollon asiakkaita koko auton elinkaaren ajan sekä kasvattaa edustettujen merkkien valtakunnallista peittoa ja markkinaosuutta.”

Annual report 2025A · The company itself

“Wetteri julkaisi päivitetyn strategiansa marraskuussa 2025. Strategian keskiössä ovat liiketoiminnan painotusten uudelleenmäärittely sekä alueellisten palvelu- ja tuoteportfolioiden tarkastelu. Wetteri kohdentaa strategiakaudella 2026–2028 resursseja niihin liiketoiminta-alueisiin ja merkkiedustuksiin, jotka tehokkaimmin parantavat kannattavuutta haastavassa markkinatilanteessa.”

Annual report 2025A · The company itself

“Taloudelliset tavoitteet: • Liikevaihdon vuosittainen orgaaninen kasvu yli 10 % • Oikaistu liikevoitto 3 % liikevaihdosta • Omavaraisuusaste vähintään 25 % • Vaihtoautojen myynnin kaksinkertaistaminen vuoden 2025 tasosta.”

Annual report 2025A · The company itself

“Lisäksi Wetterin tavoitteena on olla houkutteleva vaihtoehto vanhemman autokannan huoltopalveluissa.”

Annual report 2025A · The company itself

“Konsernin liiketoiminta koostuu uusien ja käytettyjen henkilö- ja hyötyajoneuvojen kaupasta, ajoneuvojen huolto-, korjaamo- ja varaosapalveluista sekä raskaan kaluston myynti- ja huoltotoiminnoista.”

Annual report 2025A · The company itself

“Wetterin liiketoimintamalli kattaa koko ajoneuvokaupan arvoketjun: laaja-alaisen liiketoiminnan ytimen muodostavat uusien henkilö- ja hyötyajoneuvojen monimerkkiedustus, valtakunnallinen varaosa-, huolto- ja korjaustoiminta sekä vaihtoautoliiketoiminta, minkä lisäksi yhtiöllä on raskaan kaluston myynti- ja huoltotoimintaa.”

Annual report 2025A · The company itself

“Uusien autojen myynti kehittyi haastavasta markkinasta huolimatta suotuisasti ja uusien autojen tilaus- ja laskutusmäärät kasvoivat verrattuna edelliseen vuoteen. Uusien henkilöautojen kappalemääräinen laskutus oli tilikaudella 3 837 (3 472) autoa ja kasvoi 11 prosenttia edelliseen vuoteen verrattuna.”

Annual report 2025A · The company itself

“Käytettyjen autojen kappalemääräinen laskutus oli tilikaudella 8 950 (9 082) autoa ja pysyi lähestulkoon edellisvuoden tasolla.”

Annual report 2025A · The company itself

“Yritysten hankkimien autojen merkitys on autokaupalle erityisen suuri kuluttajakysynnän ollessa vielä heikkoa.”

Annual report 2025A · The company itself

“Wilhelmsen’s share of profit from Wallenius Wilhelmsen ASA was USD 372 million in 2024, up from USD 324 million in 2023.”

Annual report 2024A · The company itself

“Through the shareholdings in these companies, the group will continue to provide and develop world leading logistics services to the global automotive and ro-ro industries.”

Annual report 2024A · The company itself

“The group holds a 37.9% share in listed company Wallenius Wilhelmsen (WAWI), headquartered at Lysaker, Norway. WAWI is a market leader in RoRo shipping and vechile logistics, managing the distrubution of cars, trucks, rolling equipment and breakbulk to customers all over the world.”

Annual report 2024A · The company itself

“The group holds a 11.0% share in Hyundai Glovis, a logistics company headquartered in Seoul, Republic of Korea, listed on the Korean Stock Exchange. Hyundai Glovis’ principal activity is logistics and distribution services. The company provides overseas logistics services, including vehicle export logistics, air freight forwarding, ocean freight forwarding and international express service.”

Annual report 2024A · The company itself

“Risk & Broking (‘R&B’) The Risk & Broking (‘R&B’) segment provides a broad range of risk advice, insurance brokerage and consulting services to clients worldwide ranging from small businesses to multinational corporations.”

Annual report 2025A · The company itself

“Inom segmentet utförs rekrytering och uthyrning av specialister och chefer inom huvudsakligen försäljning, marknad, IT, ekonomi och HR.”

Annual report 2024A · The company itself

“Tillväxten drevs av en diversifierad kundbas som spänner över olika branscher och geografiska områden, med stark efterfrågan från teknik- och finanssektorn samt offentlig sektor.”

Annual report 2024A · The company itself

“Förtroende från globala marknadsledare skapar en marknadsstandard för cyber säkerhet Vår kundbas sträcker sig över flera sektorer och inkluderar några av de största globala tech-bolagen samt statliga myndigheter.”

Annual report 2024A · The company itself

“Yubico ser ett växande intresse från den offentliga och finansiella sektorn, som är bland våra snabbast växande branscher tillsammans med high-techsektorn, med ökande efterfrågan både i USA och Europa.”

Annual report 2024A · The company itself

“Yubicos kundbas omfattar 19 av de 20 största teknikföretagen i USA och omkring 30 procent av G2000-företagen har köpt YubiKeys.”

Annual report 2024A · The company itself

“Med tiden har Yubico lockat kunder från sektorer som finansiella tjänster, tillverkning, detaljhandel och myndigheter.”

Annual report 2024A · The company itself

“The Company’s KFC, Taco Bell and Pizza Hut brands are global leaders of the chicken, Mexican-inspired food and pizza categories, respectively.”

Annual report 2025A · The company itself

“Koivurinta Board Member Erik Langaker Board Member Zalaris’ 1 mission is to simplify HR and payroll administration, and empower businesses with useful information so that they can invest more in people. Zalaris ranks among Europe’s top providers of human capital management (HCM) and payroll solutions – addressing the entire employee lifecycle, from recruiting and onboarding to compensation, time and attendance, travel expenses and performance management.”

Annual report 2024A · The company itself