Retail

“I relation til koncernens ejendomsportefølje, der i al væsentlighed består af to shoppingcentre og et outletcenter, er de væsentligste forretningsmæssige risici ud over de generelle for branchen følgende: • Agat Ejendomme er afhængig af den fysiske detailhandel. En negativ udvikling, f.eks. som følge af konjunkturudviklingen, herunder høj inflation, stigende renter, lav forbrugertillid eller øget e-handel, kan medføre lavere efterspørgsel efter butikslejemål og dermed både lavere lejeindtægter og lavere ejendomspriser for koncernen, og effekten kan være væsentlig.”

Annual report 2026A · The company itself

“• Det er væsentligt, at de enkelte centre kan tiltrække et tilfredsstillende antal kunder og opnå en tilfredsstillende omsætning, idet dette er afgørende for de enkelte lejeres evne til at betale husleje til koncernen og for udlejningssituationen generelt, herunder mulighederne for genudlejning. Hvis centrene oplever større fald i antal kunder og omsætning, kan det have væsentlig negativ betydning for koncernen. • På koncernens ejendomme i drift har koncernen tillige en udlejningsrisiko i relation til de lejeaftaler, som udløber, mens koncernen ejer de pågældende ejendomme.”

Annual report 2026A · The company itself

“Der er fokus på at styrke udlejningssituationen yderligere. Outlettet oplever fortsat vækst i både omsætnings- og besøgstal, og siden åbningen har 2025 været det år med højst omsætning og flest besøgende.”

Annual report 2026A · The company itself

“Agat Ejendomme A/S’ primære aktivitet er ejerskab og drift af fem ejendomme, der langt overvejende består af shoppingog outletcentre.”

Annual report 2026A · The company itself

“Centret omfatter knap 33.000 m . Salling Group er i regnskabsåret 2025/26 indtrådt med FØTEX-konceptet i det tidligere Kvickly-lejemål, og FØTEX åbnede i BROEN Shopping den 21. juni 2025.”

Annual report 2026A · The company itself

“Idet porteføljen primært består af ejendomme i butikssegmentet, er der en væsentlig risikoeksponering i forhold til udviklingen i detailhandlen.”

Annual report 2026A · The company itself

“De største lejere er bl.a. FØTEX, Nordisk Film, Sport24, PureGym, H&M, Kings & Queens, Burger King, Flammen, Café Vivaldi og Bahne. Af andre lejere kan nævnes bl.a. Matas, ONLY, Bog & Idé/Legekæden, Vero Moda og Jack & Jones.”

Annual report 2026A · The company itself

“Outlettet omfatter knap 13.000 m . Flere internationale brands er repræsenteret i centret, bl.a. Adidas, Puma, Tommy Hilfiger, Gant, GUESS, Skechers og Levi’s, ligesom ONLY, supermarkedskæden BILLA og en lejer med brands som Karl Lagerfeld, Diesel og Peak Performance har butikker i centret.”

Annual report 2026A · The company itself

“In 2025, some of our largest customers launched private label brands that compete with our products and may continue to expand those offerings in the future.”

Annual report 2025A · The company itself

“We could lose revenue if our consumers change brands, major retailers delist our products or our retail customers move business from us because we have not effectively responded 23 to regulatory requirements, complied with their sustainability requirements or met their expectations related to our sustainability efforts, including with respect to climate resilience, plastic usage, or ingredients.”

Annual report 2025A · The company itself

“Our primary household products include laundry detergents marketed under the ARM & HAMMER, OXICLEAN and XTRA brands, fabric softener sheets marketed under the ARM & HAMMER brand, cat litter under our ARM & HAMMER brand, and household cleaning products under the CLEAN SHOWER®, ORANGE GLO®, and OXICLEAN brands. Our laundry detergents constitute our largest consumer business, measured by net sales.”

Annual report 2025A · The company itself

“We sell our consumer products under a variety of brands through a broad distribution platform that includes supermarkets, mass merchandisers, wholesale clubs, drugstores, convenience stores, home stores, dollar and other discount stores, pet and other specialty stores and websites and other e-commerce channels, all of which sell our products to consumers.”

Annual report 2025A · The company itself

“CUSTOMERS AND ORDER BACKLOG In each of the years ended December 31, 2025, 2024 and 2023, net sales to our largest customer, Walmart Inc. and its affiliates (“Walmart”), were approximately 23% of our consolidated net sales.”

Annual report 2025A · The company itself

“A limited number of customers account for a large percentage of our net sales and/or net sales of specific product lines. Walmart is our largest customer, accounting for approximately 23% of net sales in each of 2025, 2024, and 2023. Our top four customers accounted for approximately 44%, 43%, and 44% of net sales in 2025, 2024, and 2023, respectively.”

Annual report 2025A · The company itself

“We are also increasingly dependent on certain key retailers, some of which exercise greater bargaining strength than we do, including the exclusive access to valuable first-party consumer data and analytics.”

Annual report 2025A · The company itself

“Distribution; Raw Materials; Competition; Trademarks and Patents Our Oral, Personal and Home Care products are sold to a variety of retailers, wholesalers and distributors worldwide.”

Annual report 2025A · The company itself

“Our sales to Walmart, Inc. and its affiliates represented approximately 11% of our Net sales in 2025.”

Annual report 2025A · The company itself

“While we continue to sell our products to a variety of customers, including large-format retailers, discounters and eCommerce retailers, our growth is increasingly dependent on our ability to generate consumer demand across key touchpoints in the omni-channel ecosystem whether through traditional retail, eCommerce, social media or digital.”

Annual report 2025A · The company itself

“Höga lagernivåer hos återförsäljarna och lägre privat konsumtion påverkade nettoomsättningen inom försäljningskanalerna Distribution och Service & Aftermarket negativt.”

Annual report 2024A · The company itself

“Detaljhandelns fokus på lageroptimering hade en negativ påverkan på nettoomsättningen under året.”

Annual report 2024A · The company itself

“Distribution: Installerade och fristående produkter som säljs via distributionskanaler (fysiska och digitala grossist- och detaljhandlare, samt via Dometics egen e-handel för konsumenter).”

Annual report 2024A · The company itself

“Mobile cooling- och drinkware-produkter globalt under varumärkena Igloo och Dometic.”

Annual report 2024A · The company itself

“Risks related to F-Secure’s business operations and strategy If F-Secure’s agreement with a significant business partner or Channel Partner is terminated or expires, or if F-Secure is unable to continue to work with a business partner or Channel Partner on acceptable terms, or if a channel partner fails to fulfill its obligations, this could significantly reduce F-Secure's revenues, increase its costs, hinder its operations and weaken its ability to provide services or solutions to its customers.”

Annual report 2025A · The company itself

“F-Secure products are sold to consumers through approximately 200 CSPs, retailers, banks, insurance companies and directly through online and app stores.”

Annual report 2025A · The company itself

“We serve consumers directly and through approximately 200+ Service Provider partners (communication service providers, retailers, banks, and insurance companies).”

Annual report 2025A · The company itself

“Channel Partners include, for example, communication service providers, retailers, banks, and insurance companies.”

Annual report 2025A · The company itself

“We entered Q1 with a lower order book compared to the year before. is was mainly due to the inventory situation in the spring of 2023, which caused high insecurity among our retailers. e lower sales were also an eect from the divestment of Primus in 2023. e second quarter was more challenging than assumed. e retail market still faced a situation with higher-than-normal in - ventory, as well as a volatile trading because of the weather. ere were also indications that several retailers were facing some liquidity/nancial problems, limiting their ability to serve the market. e period was aected by a price pressure in the market.”

Annual report 2024A · The company itself

“Despite continuing and signicant market turbulence, Hanwag’s 2024 results were pos - itive, even if they fell short of the previous year’s. e sector faces costs that are rising unabatedly, a decline in consumer consump - tion and retailer reluctance to make purchases. ese factors aect Germany, Hanwag’s key market, and therefore had a big impact on earnings. Nevertheless, the company only narrowly missed its target for 2024.”

Annual report 2024A · The company itself

“Consumers kept their wallets tight, and big overstocks in the markets led to a lot of price pressure. e weather continues to be unpredictable.”

Annual report 2024A · The company itself

“Owning and operating a retail network increases control of the value chain through close con - tact with the end user, which enables a faster response to trends and changing consumer demands. e retail network also showcases the brands’ assortments. • Brand strategy, marketing and sponsor - ing. e group works actively to protect and develop its brands and retail operations, which are described in more detail on pag - es 12–25.”

Annual report 2024A · The company itself

“We also undertook organizational and cost-cutting ac - Frilufts retail continues to reinforce the premium market position in each market and we have won several sustainability awards Frilufts have taken many short term actions to manage the challenging retail landscape in 2024. But there has also been a lot of focus on continuing to work according to our long term vision; to globally define premium outdoor retail and be the first choice for customers and partners.”

Annual report 2024A · The company itself

“Frilus Retail Europe AB – the Frilus segment – runs its business through six subsidiaries/brands: Naturkom - paniet (Sweden and Norway), Partioaitta (Finland), Globetrotter (Germany), Frilu - sland (Denmark) and Trekitt (UK). e Frilus segment has a total of 106 stores in addition to its e-commerce operation run by each local brand.”

Annual report 2024A · The company itself

“Naturkompaniet sells equipment for outdoor and travel activities from the world’s leading brands.”

Annual report 2024A · The company itself

“Additionally, a small number of distributors represents a large percentage of our revenue and accounts receivable, and one distributor accounted for 32% of our total net accounts receivable as of December 31, 2025.”

Annual report 2025A · The company itself

“In addition, a small number of channel partners represents a large percentage of our revenue and gross accounts receivable. We are exposed to the credit and liquidity risk of some of our channel partners and to credit exposure in weakened markets, which could result in material losses.”

Annual report 2025A · The company itself

“Six distributor customers who purchase directly from us accounted for 67% and 69% of our total net accounts receivable in the aggregate as of December 31, 2025 and 2024, respectively.”

Annual report 2025A · The company itself

“Key indicators point towards: • Gradually strengthening economic growth • Inflation stabilizing close to the 2% target • Improving real wage development • Increasing private consumption • Government spending acting as a supportive economic factor Within the real estate market, retail properties in prime high-street locations continue to demonstrate resilience. Demand for well-located retail premises remains strong, while secondary locations remain under pressure.”

Annual report 2025A · The company itself

“Demand for well-located retail premises is expected to remain stable with a slight positive development as investor confidence and consumer spending gradually improve. This development is expected to make reletting somewhat easier compared with previous years.”

Annual report 2025A · The company itself

“Our secondary customer segments include retail chains that are tenants in our properties and ordinary renters.”

Annual report 2025A · The company itself

“High-traffic retailers such as H&M, Mango, and GALERIA - Rosenheim have established themselves in this section. As of May 1, 2025, the property has been leased for an 8-year non-termination period to the clothing chain Only Stores Germany GmbH which is part of the Bestseller Group.”

Annual report 2025A · The company itself

“Försäljningen i varuhusen och på e-handeln ökade men vakanser och höga kostnader medförde att resultatet för NK:s fastighetsförvaltning minskade. Därför har vi fokuserat på att genomföra en rad åtgärder som successivt kommer att öka uthyrningsgraden och sänka kostnaderna för att stärka lönsamheten.”

Annual report 2024A · The company itself

“Hyresintäkter Minskade hyresintäkter kan uppstå både till följd av sjunkande marknadshyror och ökad vakansgrad. Detta leder till försämrat resultat och kassaflöde, vilket även påverkar fastighetsvärdena negativt.”

Annual report 2024A · The company itself

“Hufvudstaden strävar efter att ha långa hyresavtal för butiker med en hög garanterad minimihyra som begränsar risken för hyrestapp, kompletterat med en intäktspotential från omsättningshyrestillägg. Företaget arbetar kontinuerligt med omvärldsbevakning och riskbedömningar innan nya hyresavtal tecknas.”

Annual report 2024A · The company itself

“Uthyrbar varuhusyta, kvm 25 029 25 050 Uthyrbar lageryta, kvm 9 223 9 269 Totalt 34 252 34 319 Antal restauranger 13 13 Försäljning inkl moms, mnkr 2 347 2 145 Göteborg 2024 2023 Uthyrbar varuhusyta, kvm 10 524 10 589 Uthyrbar lageryta, kvm 1 046 983 Totalt 11 570 11 572 Antal restauranger 3 3 NK-varuhusen AB Nordiska Kompaniet Nordiska Kompaniet grundades 1902 och är Sveriges mest exklu - siva varuhus med verksamhet i Stockholm, Göteborg och på nk.se. NK arbetar aktivt med att skapa en destination där människor vill vara och handla. Det innebär att erbjuda ett attraktivt och unikt sorti - ment med fokus på mode, skönhet och livsstil, förstklassig service samt en atmosfär som gör att kunden vill stanna länge.”

Annual report 2024A · The company itself

“Övrig verksamhet består av Cecil Coworking, NK e-handel och parkeringsrörelsen i Parkaden. Nettoomsättningen för NK Retail uppgick till 915,7 mnkr (789,5).”

Annual report 2024A · The company itself

“Butikshyresgästerna representerar ofta välkända varumärken som endast finns på ett fåtal väl utvalda platser. I Bibliotekstan finns skandinaviska varumärken med hög modegrad som Axel Arigato, By Marlene Birger, Byredo, Filippa K, Gant, Our Legacy, Rodebjer och Totême kombinerat med större internationella modeföretag som Cartier, Céline, Chanel, Moncler, Prada, Ralph Lauren och Zara. Längs Kungsgatan återfinns flera av de största hyresgästerna inom sport och fritid, såsom Alewalds, Haglöfs, Naturkompaniet och Stadium. Andra stora hyresgäster är Cervera, Telenor, Telia, Tesla och Ströms.”

Annual report 2024A · The company itself

“Denna trend gynnar våra attraktiva fastigheter i centrala lägen med närhet till service, butiker, restau - ranger och kultur samt goda kommunikationer. Efterfrågan på flexibla kontorslösningar består och arbetet med att utveckla våra tre kontorskoncept Eget kontor, nyckelfärdiga kontor REDO och Cecil Coworking kommer fortsätta även framöver.”

Annual report 2024A · The company itself

“Koncernens tio största hyresgäster representerar 21 procent av den totala kontrakterade hyran och den enskilt största kunden utgör 5 procent, vilket innebär att Hufvudstadens exponering mot enskilda kunders kreditrisk är relativt begränsad.”

Annual report 2024A · The company itself

“Samtidigt är konkurrensen intensiv, vilket kräver att vi i den nya sammanslagna ITAB-koncernen fortsätter våra försäljningsinsatser under 2025 för att säkra nya kundprojekt.”

Annual report 2024A · The company itself

“Av kundgrupperna har försäljningsutvecklingen varit positiv inom Dagligvaruhandeln (+14 procent), Bygg- & Heminredning (+5 procent) samt Fashion (+9 procent) jämfört med med föregående år.”

Annual report 2024A · The company itself

“En stark grund för att bli den ledande lösningsleverantören Vår One ITAB-strategi för att utveckla verksamheten ITAB är väl positionerat för att hjälpa detaljhandlare att tänka nytt kring detaljhandeln och att förbättra sin verksamhet. ITABs mångsidiga och inspirerande portfölj av lösningar och tjänster hjälper detaljhandeln att möta dagens utmaningar och att ta tillvara på nya möjligheter i framtiden.”

Annual report 2024A · The company itself

“Vara en lösningsleverantör Bygga vidare på koncernens gemensamma kunskapsbas och vår framgångsrika leverans av innovativa lösningar. Omarbetad kostnadsstruktur Vårt fokus är att fortsätta säkerställa lönsamhet och hållbar tillväxt framöver.”

Annual report 2024A · The company itself

“ITAB i korthet 2024 Vårt erbjudande ITAB utvecklar, tillverkar, säljer och installerar ett brett utbud av lösningar och tjänster inom inredning, teknik för butiker samt butiksbelysning för detaljhandeln.”

Annual report 2024A · The company itself

“Butikskedjor och butiker som säljer konfektion, skor och smycken osv. Kunderna inkluderar H&M, Uniqlo, C&A och Pandora.”

Annual report 2024A · The company itself

“Merparten av ITABs kunder sett till omsättning är större butikskedjor verksamma inom detaljhandel, varav många verkar internationellt och har butiker i ett flertal länder.”

Annual report 2024A · The company itself

“In addition, in order to remain competitive, we rely on our ability to secure new retailers and maintain or add shelf space for our products. If we are unable to secure sufficient and attractive shelf space, adequate product visibility, and attractive pricing for our products with retailers, our products may be disadvantaged against our competitors. Even if we obtain preferred product visibility and shelf space, our new and existing products may fail to achieve the sales expectations set by retailers, which may cause these retailers to remove our products from their shelves.”

Annual report 2025A · The company itself

“Our products are sold in highly competitive marketplaces, including e-commerce retailers, large-format retailers, and discounters. Competition amongst retailers may create consumer price deflation, affecting our retail customer relationships and presenting additional challenges to increasing prices in response to commodity or other cost increases.”

Annual report 2025A · The company itself

“We derive significant portions of our sales from certain significant customers (see Sales and Customers within Item 1, Business). Some or all of our significant customers may not continue to purchase our products in the same mix or quantities or on the same terms as in the past, particularly as increasingly powerful retailers may demand lower pricing and focus on developing their own brands.”

Annual report 2025A · The company itself

“In nearly all of our product categories, we compete with branded products as well as private label products, which are typically sold at lower prices. Our products must provide higher value or quality to consumers than alternatives, particularly during periods of economic uncertainty.”

Annual report 2025A · The company itself

“Description of the Company: We manufacture and market food and beverage products around the world through our eight consumer-driven product platforms: Taste Elevation, Easy Ready Meals, Substantial Snacking, Desserts, Hydration, Cheese, Coffee, Meats, and other grocery products.”

Annual report 2025A · The company itself

“Industry Risks We operate in a highly competitive industry. The food and beverage industry is highly competitive across all of our product offerings. Our principal competitors in these categories are manufacturers and retailers with their own branded and private label products.”

Annual report 2025A · The company itself

“Concentration of Risk: Our largest customer, Walmart Inc., represented approximately 21% of our net sales in 2025, 2024, and 2023. Both of our reportable segments have sales to Walmart Inc.”

Annual report 2025A · The company itself

“In addition, over time, beer volume sales in the U.K. have been shifting from on-premise, such as pubs and restaurants, to off-premise, such as retail stores, for the industry as a whole. Margins in sales to off-premise customers tend to be lower than margins from sales to on-premise customers, and, as a result, continuation or acceleration of this trend could further adversely affect our profitability.”

Annual report 2025A · The company itself

“From January 1, 2026 onward, TBS has the sole and absolute discretion to maintain or close any retail location. Due to the increased competition from grocery stores and convenience stores, TBS closed stores during the year ended December 31, 2025 and anticipates closing additional stores in the year ending December 31, 2026.”

Annual report 2025A · The company itself

“We sell nearly all of our products, including our imported products, in the U.S. to independent distributors for resale to retail outlets. These independent distributors are entitled to exclusive territories and are often protected from termination by state statutes and regulations.”

Annual report 2025A · The company itself

“For example, customer promotional discount programs are entered into with certain distributors for certain periods of time. The amount ultimately reimbursed to distributors is determined based upon agreed-upon promotional discounts which are applied to distributors' sales to retailers.”

Annual report 2025A · The company itself

“The rapid growth of some channels, such as discounters and digital commerce, may impact our current operations or strategies more quickly than we planned for, create consumer price deflation, alter the buying behavior of consumers or disrupt our retail customer relationships. We may need to increase or reallocate spending on existing and new distribution channels and technologies, marketing, advertising and new product innovation to maintain or increase revenues, market share and brand significance.”

Annual report 2025A · The company itself

“Table of Contents Customers We generally sell our products to supermarket chains, wholesalers, supercenters, club stores, mass merchandisers, distributors, convenience stores, gasoline stations, drug stores, value stores and other retail food outlets.”

Annual report 2025A · The company itself

“Our principal competitors are food, snack and beverage companies that operate globally, regionally and locally, and, in many markets, include retailers with their own branded and private label products.”

Annual report 2025A · The company itself

“Retail customers, such as supermarkets, discounters, digital commerce merchants, warehouse clubs and food distributors in the European Union, the United States and other major markets, continue to consolidate, form buying alliances or be acquired by new entrants in the food retail market, resulting in fewer, larger customers. Large retail customers and customer alliances can delist our products or reduce the shelf space allotted to our products and demand lower pricing, increased promotional programs or longer payment terms.”

Annual report 2025A · The company itself

“During 2025, no single customer accounted for more than 10% of our net revenues. However, there can be no assurance that our customers will continue to purchase our products in the same mix or quantities or on the same terms as in the past, particularly as increasingly powerful retailers continue to demand lower pricing and develop their own brands.”

Annual report 2025A · The company itself

“Dayli er en medie- og teknologivirksomhed med to digitale platforme: En tilbudsplatform til formidling af digitale tilbudsaviser”

Annual report 2025A · The company itself

“Konsolideringen af detailhandlen fortsatte i 2025 med sammenlægninger og reduktion af kæder, som medførte et reduceret behov for markedsføring. Samtidigt faldt forbrugertilliden over året på trods af en stabil inflation og reallønsstigninger.”

Annual report 2025A · The company itself

“Samtidig faldt tryksagsvolumenen betydeligt i forhold til 2024, en udvikling der delvist var drevet af, at særligt dagligvarebranchen var udfordret på lønsomheden.”

Annual report 2025A · The company itself

“Den fysiske tryksag har uændret stor styrke og værdi for både detailbranchen, dagligvarehandlen og forbrugerne. RAM Research and Analysis of Media-undersøgelser fra henholdsvis januar 2023 og marts 2025 viste, at fysiske tilbudsaviser er det markant stærkeste medie til at drive køb og samtidig bidrager de positivt til detailkædens image.”

Annual report 2025A · The company itself

“Daylis primære aktivitet i 2025 var tilbudsplatformen MineTilbud, som fastholdt sin stærke markedsposition i Danmark.”

Annual report 2025A · The company itself

“Tilbagegang i volumen af tryksager til omdeling af FK Distribution og SDR. Volumennedgang og ændret marketingmix (kanalstrategi) fra detailhandlen kan komme som følge af store prisstigninger på papir eller strukturelle markedsændringer, hvor annoncering bliver mere digital samt som følge af konsolidering og/eller lukning af detailhandelskæder.”

Annual report 2025A · The company itself

“Last Miles (FK Distribution og SDR) omsætning faldt samlet med 6 mio. kr., svarende til 0,6 %.”

Annual report 2025A · The company itself

“FK Distribution distribuerer tryksager og, tilbuds- og lokale ugeaviser i Danmark og anvender en internationalt helt unik automatiseret og omkostningseffektiv teknologi til pakning og distribution af individuelle sæt af tryksager til hver enkelt husstand.”

Annual report 2025A · The company itself

“SDR er Sveriges distributør af tryksager og, tilbuds- og lokale ugeaviser.”

Annual report 2025A · The company itself

“Kundegrundlaget for adresseløse tryksager består af 700-800 detailkunder på nationalt, regionalt og lokalt niveau. Dagligvarekæder udgør en af de største brancher.”

Annual report 2025A · The company itself

“Dayli er en medie- og teknologivirksomhed med to digitale platforme: En tilbudsplatform til formidling af digitale tilbudsaviser og kataloger, hvor MineTilbud er blandt Danmarks største udbydere, og Publisher, som giver detailhandlen mulighed for at skabe og distribuere indhold til forbrugerne på tværs af kanaler.”

Annual report 2025A · The company itself

“Publisher-platformen blev lanceret i Danmark i juni 2025 og introduceret i Sverige i 2. halvår. Publisher henvender sig til et bredt udsnit af detailhandlen og giver mulighed for at nå forbrugerne med digitalt indhold på tværs af kanaler.”

Annual report 2025A · The company itself

“Daylis største kundegruppe er detailhandlen, mens andre kundetyper og -segmenter også anvender tilbudsplatformen og Publisher.”

Annual report 2025A · The company itself

“I segmentet Distributører giver adgangsløsning til distributører af dagligvarer, måltidskasser, pakker, tryksager mv. mulighed for at levere direkte til slutbrugerne i etageejendomme og private hjem døgnet rundt.”

Annual report 2025A · The company itself

“Opstrøms-værdikæden: Primært detailvirksomheder, der igennem North Medias platforme ønsker at distribuere fysiske tryksager til forbrugere. De fysiske tryksager produceres og trykkes af North Medias kunder og leveres til FK Distributions pakketerminaler.”

Annual report 2025A · The company itself

“brugere af MineTilbud (32% af alle danskere over 18 år) +1,1 mio. besøg på MineTilbud ugentligt +141 mio. årlige læsninger og visninger i MineTilbud Resultater Bekey Dayli BoligPortal Virksomheder I sit første år som selvstændigt selskab efter udskillelsen fra FK Distribution etablerede Dayli det organisatoriske og tekniske fundament for en skalerbar drift, herunder egne IT-, udviklings- og salgsfunktioner.”

Annual report 2025A · The company itself

“Further, we must maintain mutually beneficial relationships with our key customers to compete effectively. A change in the business conditions (financial or otherwise) of any of our key customers, even if unrelated to us, a significant reduction in sales to any key customer, or the loss of any of our key customers has adversely affected and can continue to adversely affect our business.”

Annual report 2025A · The company itself

“Beverages(a) Convenient Foods Beverages(a) Convenient Foods Beverages(a) Convenient Foods North America 51 % 49 % 50 % 50 % 50 % 50 % International (b) 31 % 69 % 29 % 71 % 29 % 71 % PepsiCo 42 % 58 % 42 % 58 % 41 % 59 % (a)Beverage revenue from company-owned bottlers, which primarily includes our consolidated bottling operations in our PBNA and EMEA segments, is 36% of our consolidated net revenue in 2025 and 35% of our consolidated net revenue in both 2024 and 2023.”

Annual report 2025A · The company itself

“PepsiCo Foods North America Either independently or in conjunction with third parties, PFNA makes, markets, distributes and sells convenient foods, which include cereals, chips, dips, granola bars, oatmeal, pasta, rice and syrups and mixes under various brands including Cheetos, Doritos, Fritos, Lay’s, Pearl Milling Company, Quaker, Ruffles and Tostitos. PFNA’s products are sold to independent distributors and retailers.”

Annual report 2025A · The company itself

“PepsiCo Beverages North America Either independently or in conjunction with third parties, PBNA makes, markets and sells beverage concentrates, fountain syrups and finished goods under various beverage brands including Aquafina, Bubly, Diet Mountain Dew, Diet Pepsi, Gatorade, Gatorade Zero, Mountain Dew, Mountain Dew Baja Blast, Pepsi, Pepsi Wild Cherry, Pepsi Zero Sugar and Propel. PBNA operates its own bottling plants and distribution facilities and sells branded finished goods directly to independent distributors and retailers.”

Annual report 2025A · The company itself

“Our Customers Our customers include wholesale and other distributors, foodservice customers, grocery stores, drug stores, convenience stores, discount/dollar stores, mass merchandisers, membership stores, hard discounters, e-commerce retailers and authorized independent bottlers, among others.”

Annual report 2025A · The company itself

“In 2025, sales to Walmart Inc. (Walmart) and its affiliates, including Sam’s Club (Sam’s), represented approximately 14% of our consolidated net revenue, with sales reported across all of our segments, including concentrate sales to our independent bottlers, which were used in finished goods sold by them to Walmart.”

Annual report 2025A · The company itself

“Our products compete against products of international beverage and convenient food companies that, like us, operate in multiple geographies, as well as regional, local and private label and economy brand manufacturers and other competitors, including smaller companies developing and selling micro brands directly to consumers through e-commerce platforms or through retailers focused on locally sourced products.”

Annual report 2025A · The company itself

“Our business will be adversely affected if we are unable to maintain and develop successful relationships with e-commerce retailers and hard discounters, while also maintaining relationships with our key customers operating in traditional retail channels (many of whom are also focused on increasing their e-commerce sales). Our business can be adversely affected if e-commerce channels and hard discounters take significant additional market share away from traditional retailers or we fail to find ways to create increasingly better digital tools and capabilities for our retail customers to enable them to grow their businesses.”

Annual report 2025A · The company itself

“En stor marknad på väg in i nästa tillväxtfas Den globala marknaden för elektroniska hyllkantsetiketter bedöms ha omsatt cirka 3 000 MUSD under 2024, vilket speglar dess växande betydelse för den moderna detaljhandeln. Trots det är andelen butikskedjor som investerat i och installerat teknologin fortfarande relativt låg.”

Annual report 2024A · The company itself

“En växande marknad Marknaden förväntas fortsätta växa de närmaste åren och omsätta cirka 6 300 MUSD år 2030 motsvarande en årlig tillväxttakt (CAGR) på cirka 15 procent. Fallande komponentkostnader har gjort systemen mer tillgängliga och uppmuntrar till bredare användning inom olika detaljhandelssegment. Dessutom har teknologin blivit en central strategi för många detaljhandlare i takt med att branschen alltmer anammar digital transformation och effektivitet.”

Annual report 2024A · The company itself

“Årsredovisning och hållbarhetsrapport 2024 Pricer är en globalt ledande aktör inom lösningar för automatisering och kommunikation i fysiska butiker, med fokus på att förändra detaljhandeln genom att driva digitalisering.”

Annual report 2024A · The company itself

“Pricer erbjuder kommunikations- och effektiviseringsverktyg som ökar försäljning, sänker kostnader och skapar en förbättrad kundupplevelse i butik.”

Annual report 2024A · The company itself

“Pricer utvecklar och marknadsför kompletta system bestående av olika komponenter för kommunikation i butiksmiljö. Delarna säljs aldrig var för sig annat än för komplettering av existerande system.”

Annual report 2024A · The company itself

“A decision by the controlling owner of a group of stores or any other significant customer, whether motivated by economic conditions, financial difficulties, competitive conditions, or otherwise, to decrease or eliminate the amount of merchandise purchased from us or our licensing partners or to change their manner of doing business with us or our licensing partners or a change based on their new strategic and operational initiatives, including their continued focus on 31 further development of "private labels" and exclusive product offerings in an effort to differentiate themselves from competitors, could have a material adverse effect on our business.”

Annual report 2026A · The company itself

“Our wholesale sales are made principally to major department stores, specialty stores, and third-party digital partners around the world, as well as to certain third-party-owned stores to which we have licensed the right to operate in defined geographic territories using our trademarks.”

Annual report 2026A · The company itself

“Our Retail Business Our retail business sells directly to customers throughout the world via our 594 retail stores and 644 concession-based shop-within-shops, totaling approximately 4.1 million and 0.7 million square feet, respectively, as well as through our own digital commerce sites and those of various third-party digital partners. We operate our business using a global omni-channel retailing strategy that seeks to deliver an integrated shopping experience with a consistent message of our brands and products to our customers, regardless of whether they are shopping for our products in physical stores or online.”

Annual report 2026A · The company itself

“Our Wholesale Business Our wholesale business sells our products globally primarily to major department stores, specialty stores, and golf and pro shops, as well as to various third-party digital partners.”

Annual report 2026A · The company itself

“See Item 1A — "Risk Factors — Risks Related to our Business and Operations — A substantial portion of our revenue is derived from a limited number of large wholesale customers. Our business could be adversely affected as a result of consolidations, liquidations, restructurings, other ownership changes in the retail industry, and/or any financial instability of our large wholesale customers."”

Annual report 2026A · The company itself

“We face increasing competition from companies selling apparel, handbags, footwear, accessories, home, and other of our product categories, including through the Internet.”

Annual report 2026A · The company itself

“We also face intense competition from other domestic and foreign apparel, footwear, and accessory companies that sell products through brick and mortar stores and wholesale and licensing channels.”

Annual report 2026A · The company itself

“Sales to our three largest wholesale customers accounted for approximately 11% of total net revenues for Fiscal 2026, and these customers accounted for approximately 29% of our total gross trade accounts receivable outstanding as of March 28, 2026.”

Annual report 2026A · The company itself

“The department store sector has experienced numerous consolidations, restructurings, bankruptcies, and other ownership changes in recent times, which could potentially increase in frequency as a result of current adverse economic conditions, including changes to existing trade policies and agreements (including higher tariffs on U.S. imports), ongoing inflationary pressures and high interest rates, and/or changes in consumer shopping preferences, such as the continued shift away from traditional brick and mortar wholesale retailers to larger online retailers. Such disruptions have typically resulted in actual or anticipated bankruptcies (such as Saks Global's recent bankruptcy filing), store closures (such as Macy's previously announced plan to close 150 stores through calendar 2028), centralized purchasing decisions, and increased emphasis on inventory management and productivity, which could result in fewer stores carrying our products or reduced demand of our products by our wholesale customers.”

Annual report 2026A · The company itself

“We sell our wholesale merchandise primarily to major department stores, specialty stores, and third-party digital partners across North America, Europe, Asia, Australia, and New Zealand, and extend credit based on an evaluation of each wholesale customer's financial condition, usually without requiring collateral.”

Annual report 2026A · The company itself

“Retail: Unlock growth with mobility solutions for frontline workers”

Annual report 2025A · The company itself

““Our 2024/25 revenue growth of 21% was primarily driven by normalization of key customer demand patterns and strong growth in solutions for frontline workers in the retail sector.”

Annual report 2025A · The company itself

“Strong performance in core segments In Enterprise, normalization among key customers and stronger activity in the sub-segment, Retail, lifted volumes and profitability.”

Annual report 2025A · The company itself

“With RTX technology in approximately 1,500 U.S. hospitals and chronic cardiovascular patients expected to increase 30%, RTX is ready to help drive the shift to connected care Protect and develop core business Enterprise: Capture growth opportunities from continued market consolidation and existing customers across the global enterprise communications market of 5 million wireless handsets and 8 million wireless headsets annually ProAudio: Capture growth opportunities from the ramp-up of the modules business, focusing on the annual market of 10 million wireless intercom units Cultivate new growth markets Building on our core wireless strengths, RTX is cultivating new growth opportunities across Defense, First Responders, and Hospitality, enabling smarter, more connected operations in demanding, high-impact environments Retail: Unlock growth with mobility solutions for frontline workers Efficiency demands and digitalization are transforming retail.”

Annual report 2025A · The company itself

“Unlike the retail market in general, grocery retail is non-cyclical and highly resilient.”

Annual report 2024A · The company itself

“Competition from discounters, who have largely avoided online grocery, continues to intensify.”

Annual report 2024A · The company itself

“At the same time, retailers are intensifying efforts to drive operational efficiencies to protect shrinking margins.”

Annual report 2024A · The company itself

“Margin pressure and cost efficiency will remain top priorities for grocery retailers in Norway and Sweden.”

Annual report 2024A · The company itself

“With rising costs and increasing theft, UK grocery retailers are seeking solutions to reduce labor costs, increase productivity, and minimize shrink without compromising the customer experience. StrongPoint offers a range of innovative technologies to address these challenges.”

Annual report 2024A · The company itself

“Retailers are strengthening omnichannel strategies, seamlessly integrating online and in-store shopping to offer greater flexibility.”

Annual report 2024A · The company itself

“First, as an Independent Software Vendor’, StrongPoint’s Order Picking solution will be integrated into VusionGroup’s Retail IoT Cloud platform, allowing us to expand into new markets worldwide through co-selling opportunities. Second, as a ‘Value Added Reseller’ in our nine geographic markets, StrongPoint will sell, install, service, and support VusionGroup’s full range of solutions, including electronic shelf labels.”

Annual report 2024A · The company itself

“Through this partnership, VusionGroup will integrate StrongPoint’s end-to-end e-commerce platform into its advanced Retail IoT Cloud platform, making it available to retailers internationally. VusionGroup serves over 350 retailers in more than 60 countries through 25 offices worldwide, including partnerships with leading retailers such as Walmart, Carrefour, Edeka, and MediaMarkt-Saturn.”

Annual report 2024A · The company itself

“StrongPoint is a retail technology company that provides solutions and services to make stores smarter, enhance the shopping experience, and improve the efficiency of online grocery shopping.”

Annual report 2024A · The company itself

“Electronic shelf labels (ESLs) greatly enhance in-store efficiency by automating price updates, eliminating manual labor, and freeing up staff for other tasks. Real-time, accurate pricing reduces discrepancies and improves customer satisfaction.”

Annual report 2024A · The company itself

“StrongPoint’s CashGuard solutions streamline in-store cash handling, reduce costs, and enhance security for retailers. Manual cash management can lead to errors, shrinkage, theft, and slower transactions, while automation secures cash and improves efficiency.”

Annual report 2024A · The company itself

“StrongPoint’s Self-Checkout solutions improve the customer experience and help reduce costs.”

Annual report 2024A · The company itself

“Shop fitting involves equipping retail and service shops with necessary equipment, fixtures, and fittings. StrongPoint ALS has specialised in this service and provides modifications and enhancements within the physical retail space, addressing both interior layouts and the external surroundings of stores.”

Annual report 2024A · The company itself

“StrongPoint implements, personalises, and maintains an enterprise resource management solution that includes the company’s trading processes from customer service units to the central office.”

Annual report 2024A · The company itself

“For 39 years, we have worked closely with grocery retailers, understanding their challenges and delivering innovative technology solutions to help them operate more efficiently and enhance customer experiences.”

Annual report 2024A · The company itself

“StrongPoint primarily serves the grocery retail market.”

Annual report 2024A · The company itself

“StrongPoint serves the retail industry. The company produces a wide range of services to different lines of businesses, including food and beverage, beauty and health, sports and the manufacturing industry.”

Annual report 2024A · The company itself

“Competition The retail apparel and home fashion business is highly competitive. We compete on numerous factors including brand, fashion, price, quality, selection and freshness; in-store and online shopping experience and service; reputation and store location. We compete with local, regional, national and international department, specialty, off-price, discount, warehouse and outlet stores as well as other retailers that sell apparel, home fashions and other merchandise that we sell, whether in stores, online, or through other media or channels.”

Annual report 2026A · The company itself

“We operate in highly competitive markets, and we may not be able to compete effectively. The retail apparel and home fashion businesses are highly competitive. We compete on the basis of various factors affecting value (which we define as the combination of brand, fashion, price and quality).”

Annual report 2026A · The company itself

“In the United States, our Marmaxx segment operates TJ Maxx, Marshalls, tjmaxx.com and marshalls.com and our HomeGoods segment operates HomeGoods and Homesense. Our TJX Canada segment operates Winners, HomeSense and Marshalls in Canada, and our TJX International segment operates TK Maxx, Homesense, tkmaxx.com, tkmaxx.de, and tkmaxx.at in Europe and TK Maxx in Australia.”

Annual report 2026A · The company itself

“In our stores and online, we offer consumers our value proposition of brand, fashion, price and quality.”

Annual report 2026A · The company itself

“The markets for beauty and wellness products and salon services are highly competitive with few barriers to entry. With regard to beauty and wellness products, we compete against a diverse group of retailers, both small and large, including mass merchandisers, specialty retailers, online capabilities of national retailers, pure-play e-commerce companies, online marketplaces (including those operated by social media platforms), and drug stores.”

Annual report 2026A · The company itself

“The Company’s private label brand, Ulta Beauty Collection, is an important opportunity for growth and profit contribution. The Company’s objective is to provide quality, trend-right private label products to continue to strengthen its guests’ perception of Ulta Beauty.”

Annual report 2026A · The company itself

“(“we,” “us,” “our,” “Ulta Beauty,” or the “Company”) is an international specialty beauty retailer and a premier beauty destination for cosmetics, fragrance, skin care products, wellness products, hair care products, and salon services.”

Annual report 2026A · The company itself

“Brand Building and Merchandising Innovation ​ Ulta U.S.’s core assortment offers one of the most extensive product and brand selections in its industry, with approximately 30,000 products from approximately 600 well-established and emerging beauty and wellness brands across all categories and price points offered to guests across Ulta U.S.’s stores, Ulta.com, and mobile applications.”

Annual report 2026A · The company itself

“Business Overview Ulta Beauty, Inc. (“we,” “us,” “our,” “Ulta Beauty,” or the “Company”) is an international specialty beauty retailer and a premier beauty destination for cosmetics, fragrance, skin care products, wellness products, hair care products, and salon services.”

Annual report 2026A · The company itself

“Ulta U.S. competes across all major categories as well as a range of price points by offering prestige, mass, and salon products.”

Annual report 2026A · The company itself

“In the retail channel, our customers include four of the six largest national hardware and home center chains, including a long-standing exclusive relationship with Lowe’s where we sell A. O. Smith branded products.”

Annual report 2025A · The company itself

“We continue to look for opportunities to add to our existing product portfolio in high growth regions demonstrated by our previous introductions of kitchen products and connected product technologies in China.”

Annual report 2025A · The company itself

“The Client market encompasses the global personal computing ecosystem, including desktop and notebook PCs sold primarily through OEMs, distributors and select direct customers.”

Annual report 2025A · The company itself

“Importantly, most new client wins were concentrated within both Agillic’s strategic verticals (retail, financial services, media and subscription, and NGOs and charities) and the Nordics where our value and industry expertise resonate most strongly.”

Annual report 2025A · The company itself

“In our Consumer Health Products segment, we observed positive trends in out-of-store sales, though revenues were temporarily affected by retailers building down inventories and less promotional activity compared to the previous year.”

Annual report 2024A · The company itself

“However, we remain confident in this segment’s long-term potential, supported by successful new product launches like "Multivitamin Gummies" at Sam’s Club, and general good demand for our products.”

Annual report 2024A · The company itself

“Aker BioMarine’s HHI portfolio includes the following brands: Ingredients and brands Kori Krill Oil has established itself as a key player in the U.S. Omega-3 supplement market, as a significant brand in the category. Distributed by Aker BioMarine’s independent U.S. subsidiary, Epion Brands Inc., Kori is available at major retail chains, including Walmart, Target, CVS, and Sam’s Club.”

Annual report 2024A · The company itself

“Ingredients and brands Aker BioMarine’s Consumer Brands segment includes the following brand: Aker BioMarine acquired Lang Pharma Nutrition, Inc. in 2019, a company with more than 35 years of history and experience in the nutrition and dietary supplement industry. Lang Pharma is a key partner to the world’s leading mass-market retail chains, with close to 200 different products on shelves of retailers, including Costco, Sam’s Club, Walmart, Target, CVS, and Walgreens.”

Annual report 2024A · The company itself

“The Consumer Health Products segment focuses on making krill-based and non-krillbased nutrition accessible to a broader audience. Through Lang Pharma Nutrition, Aker BioMarine develops and supplies private-label vitamins and dietary supplements to major U.S. retailers.”

Annual report 2024A · The company itself

“The Emerging Business segment includes Epion, Aker BioMarine’s consumer brand company that sells our own krill oil brand, Kori krill oil to the largest retailers in the US. The segment has also explored and scaled innovative sustainabilitydriven opportunities.”

Annual report 2024A · The company itself

“Point Properties är idag inriktat på handelsfastigheter i regionala städer. Regional detaljhandel, särskilt i mindre städer, uppvisar ofta en stabil omsättning över tid, vilket styrks av att omsättningsutvecklingen för lokal centrumhandel visade sig motståndskraftig även under pandemiåren, med en genomsnittlig årlig tillväxt på 4 procent mellan 2020-2024. Dessa fastigheter står starkare än storstäder när det gäller lokala kundflöden, då de tillgodoser invånarnas behov inom dagligvaruhandel och sällanköpshandel.”

Annual report 2024A · The company itself

“Bayshore Parkway Greater Stanford/San Francisco Bay Area 6/30/25 100% 95,901 — 11,000 — Other non-stabilized properties Various 544,591 117,227 120,517 $13,483 $1,071,463 (1)Represents a retail shopping center with future development opportunity. We originally acquired the property in 2021 with the intent to demolish the retail center and develop it into laboratory space. However, due to the project’s financial outlook and the substantial capital that development would have required, we decided to recycle the capital generated by the disposition into our development and redevelopment pipeline.”

Annual report 2025A · The company itself

“We furthermore market and sell doctor and consumer accessory products complementary to our doctor-prescribed principal products under the Invisalign® and other brand names, including retainers, dental supplies, clear aligner cases (clamshells), ultrasonic and UV electronic cleaning devices, teeth whitening products and cleaning solutions (collectively, “Invisalign Accessory Products”). Depending on the product, our Invisalign Accessory Products are sold through a variety of channels, including online through large e-commerce websites, our doctor portal and in-store through large retailers and pharmacy stores.”

Annual report 2025A · The company itself

“We sell a wide range of security and access control solutions for end-users in commercial, institutional and residential facilities worldwide, including education, healthcare, government, hospitality, retail, commercial office and single and multi-family residential markets.”

Annual report 2025A · The company itself

“Customers We sell most of our products and solutions through distribution and retail channels, including specialty distribution, e-commerce and wholesalers. We have built a network of channel partners that help our customers choose the right solution to meet their security needs and help commercial and institutional end-users fulfill and install orders. We also sell through a variety of retail channels, including large do-it-yourself home improvement centers, multiple online and e-commerce platforms, as well as small, specialty showroom outlets.”

Annual report 2025A · The company itself

“We have significant customers, particularly major retailers, although no one customer represented 10% or more of our total Net revenues in any of the past three fiscal years.”

Annual report 2025A · The company itself

“In addition, major customers who are volume purchasers are much larger than us and have strong bargaining power with their suppliers. This limits our ability to recover cost increases through higher selling prices.”

Annual report 2025A · The company itself

“Butiker är Alligos lönsammaste försäljningskanal och ger kunderna omedelbar tillgång till varor och rådgivning.”

Annual report 2024A · The company itself

“Försäljning i butik utgör nästan hälften av Alligos omsättning.”

Annual report 2024A · The company itself

“Alligo är en ledande aktör inom arbetskläder, personligt skydd, verktyg och förnödenheter i Norden.”

Annual report 2024A · The company itself

“Butiker är Alligos lönsammaste försäljningskanal och har en stor påverkan på andelen egna varumärken då våra butikssäljare har större möjlighet att kunna påverka kunden. Butiksnätet är i dagsläget olika utvecklat på de tre huvudmarknaderna och är mest utvecklat och konkurrenskraftigt i Sverige.”

Annual report 2024A · The company itself

“Alligos logistikfunktion förser butiker och kunder över hela Norden med varorna de behöver för att fungera.”

Annual report 2024A · 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

“Liiketoimintamalli perustuu luokiteltuun ilmoitusmyyntiin, digitaalisiin lisenssi- ja transaktiopohjaisiin veloituksiin, mediamainontaan sekä sisältötuottoihin. Palveluvalikoimaan kuuluu lisäksi koulutus-, kustannus- ja suoramarkkinointiliiketoimintaa.”

Annual report 2025A · The company itself

“Fastigheterna, huvudsakligen bestående av lokaler för handel, lager och lätt industri, är belägna i Uppsala, Linköping, Nybro, Eskilstuna och Oskarshamn.”

Annual report 2024A · The company itself

“Hyresgästerna utgörs till största delen av etablerade kedjor, bland annat inom livsmedel och lågprishandel.”

Annual report 2024A · The company itself

“▪Distribution, Competition and Raw Materials: Our tobacco subsidiaries sell their tobacco products principally to wholesalers (including distributors) and large retail organizations, including chain stores.”

Annual report 2025A · The company itself

“For the year ended December 31, 2025, we recorded approximately $1.3 billion of asset impairments, of which $610 million was recorded in the fourth quarter, primarily consisting of property and equipment and operating leases related to 41 Table of Contents physical stores. These fourth quarter charges were recorded in “Other operating expense (income), net” and primarily impacted our North America segment.”

Annual report 2025A · The company itself

“A description of our principal revenue generating activities is as follows: Retail sales - We offer consumer products through our online and physical stores.”

Annual report 2025A · The company itself

“Most of the transmission and distribution services are sold to retail customers of the Vertically Integrated Utilities in their service territories.”

Annual report 2025A · The company itself

“The state regulatory commissions regulate all of the retail distribution operations and rates of AEP’s retail public utility subsidiaries on a cost basis.”

Annual report 2025A · The company itself

“Residential customers make up a substantial portion of the Company’s customer base in all of the states in which it operates. The Company also serves (i) commercial customers, such as food and beverage providers, commercial property developers and proprietors, and energy suppliers, (ii) fire service customers, where the Company supplies water through its distribution systems to public fire hydrants for firefighting purposes and to private fire customers for use in fire suppression systems in office buildings and other facilities, (iii) industrial customers, such as large-scale manufacturers, mining and production operations, (iv) public authorities, such as government buildings and other public sector facilities, including schools and universities, and (v) other utilities and community water and wastewater systems in the form of bulk contracts for the supply of water or the treatment of wastewater for their own customers.”

Annual report 2025A · The company itself

“•Face-amount certificates through ACC. •Mutual fund offerings from our Columbia funds as well as approximately 130 unaffiliated mutual fund families, representing approximately 2,125 mutual funds on our brokerage platform for which mutual fund families and other companies generally pay us a portion of the revenue generated from sales of those funds, administrative fees, and fees from the ongoing management attributable to our clients’ ownership in the fund. •Exchange traded funds (“ETFs”), closed-end funds and model offerings from our Columbia funds. •Insurance and annuities products from both RiverSource Life companies as well as third parties, and we receive a portion of the revenue generated from the sale of unaffiliated products and certain administrative fees. Our Segments - Asset Management Through Columbia Threadneedle, we provide investment management, advice and products to retail, high net worth and institutional clients on a global scale.”

Annual report 2025A · The company itself

“Sales to third-party distributors accounted for approximately 56% of our revenue in the year ended November 1, 2025.”

Annual report 2025A · The company itself

“Revenue Recognition – Measuring Price Protection Credits Description of the Matter As described in Note 2n to the consolidated financial statements, the Company’s sales contracts provide certain distributors with credits for price protection and rights of return, which results in variable consideration. During 2025, sales to distributors were $6.1 billion net of expected price protection credits and rights of return for which the liability balance as of November 1, 2025 was $785 million, of which the vast majority relates to the price protection credits.”

Annual report 2025A · The company itself

“Risks related to customers and consumer demand The customers in Anora’s market areas include Nordic retail monopolies, wholesalers who sell alcohol, restaurants, retail stores, travel retail, international wine and spirits companies and importers operating in the export markets.”

Annual report 2025A · The company itself

“Anora’s business model generates outputs across three core segments: • The Wine segment: Includes partner wines and Anora’s own-label wines, which are developed, imported, packaged, marketed, and sold primarily in the Nordic retail monopoly and Horeca markets, Denmark, and the Baltic countries. • The Spirits segment: Comprises Anora’s own spirits brands and partner brands, distributed through the Nordic retail monopoly and Horeca markets, Denmark, the Baltics, global duty-free and travel retail channels, and export markets.”

Annual report 2025A · The company itself

“• Strategi för att nå ut på marknaden: Våra flexibla affärsplaner omfattar direktförsäljning via e-handel, visningar av de viktigaste produkterna i butik, marknadsföring med hjälp av influencers, samt selektiva partnerskap med detaljhandeln.”

Annual report 2024A · The company itself

“ANOTOS AFFÄRSOMRÅDEN Retail Products (B2C) Anotos erbjudande till detaljhandeln, som från början av 2025 kommer att samlas under varumärket INQ, erbjuder högkvalitativa, intuitiva smartpennor och ett robust ekosystem för programvara som gör att användare kan digitalisera handskrivet innehåll på ett ögonblick. INQ-serien bygger vidare på Anotos tidigare produkter men är helt nyutvecklad för den moderna användaren, med enkel installation, smidig parkoppling och en okomplicerad, plattformsoberoende upplevelse. INQ:s smartpenna fungerar tillsammans med anteckningsböcker som skrivs ut med hjälp av Anotos punktmönster för att återge anteckningar, teckningar och idéer med exakt precision.”

Annual report 2024A · The company itself

“Användningsområden är bland annat: • Medicinsk dokumentation och insamling av patientinformation • Fältinspektioner och tjänsterapportering • Arbetsflöden för myndighetsformulär och regelefterlevnad • Avtalshantering inom detaljhandel och telekom Bland våra kunder finns några av världens största organisationer, med installationer på tusentals platser där tiotals miljoner sidor data samlas in varje år.”

Annual report 2024A · The company itself

“Athene has developed a suite of retirement savings products, distributed through its network of 41 independent marketing organizations (“IMOs”), 18 banks and 163 broker-dealers, collectively representing approximately 152,000 independent agents 20 Table of Contents in all 50 states.”

Annual report 2025A · The company itself

“Finansiella rapporter och noter Om Apotea Apotea är Sveriges främsta nätapotek och har som mål att bli det största apoteket i Sverige och därmed även Norden. Med marknadens bredaste sortiment, konkurrenskraftiga priser och snabba leveranser underlättar vi vardagen för nära tre miljoner aktiva kunder.”

Annual report 2024A · The company itself

“Bolaget erbjuder marknadens bredaste sortiment av apoteksvaror och har ett tydligt kundlöfte om en snabb, billig och fraktfri leverans.”

Annual report 2024A · The company itself

“Finansiella rapporter och noter Receptbelagda och receptfria läkemedel samt handelsvaror Apoteksmarknaden kan delas in i tre huvudsakliga kategorier: • Receptbelagda läkemedel – mediciner som förskrivs av läkare för behandling av olika medicinska tillstånd. • Receptfria läkemedel – läkemedel som säljs utan recept för lindring av vanliga åkommor såsom smärta, allergier och förkylning. • Handelsvaror – ett brett utbud av produkter inklusive hudvård, hälsokost, djurvård, produkter för barn och föräldrar samt hjälpmedel. Apotea har sedan starten utmanat den traditionella definitionen av ett apotekssortiment genom att kontinuerligt utöka sitt erbjudande. Genom att erbjuda närliggande produkter som är relevanta för apotekskunder har bolaget breddat sitt sortiment och därigenom skapat mervärde för konsumenterna, vilket varit en viktig faktor i Apoteas tillväxt.”

Annual report 2024A · The company itself

“The Company has invested and will continue to invest in programs to enhance reseller sales, including staffing selected resellers’ stores with Company employees and contractors, improving product placement displays, and developing and making digital marketing assets available to resellers.”

Annual report 2025A · The company itself

“The Company distributes its products and certain of its services through third-party cellular network carriers and other resellers. The Company also sells its products and services directly to small and mid-sized businesses and education, enterprise and government customers.”

Annual report 2025A · The company itself

“3D Innovation Nordic AS og datterselskaper – på vei mot nye markeder Oppkjøpet av 3D Innovation Nordic AS skulle gi Aqua Bio Technology direkte tilgang til et etablert nettverk innen retail, apotek og grossistmarkedet i Norge, Skandinavia og Europa.”

Annual report 2024A · The company itself

“Selskapet spesialiserer seg på distribusjon av produkter til store detaljhandelskjeder i Norge og apotek i både Norge og Sverige, samt utvalgte kunder i Danmark.”

Annual report 2024A · The company itself

“The Nutrition segment also includes activities related to the procurement, processing, and distribution of edible beans, the processing and distribution of formula feeds and animal health and nutrition products and the manufacture of contract and private label pet treats and foods.”

Annual report 2025A · The company itself

“The Company’s Nutrition business is a vertically integrated business that provides ingredients and solutions for humans and animals in a highly competitive environment with a variety of companies offering the same products and services. The industry includes ingredient suppliers, contract manufacturers, global fast moving consumer goods companies, and private label brands, as well as smaller companies that specialize in specific niche markets.”

Annual report 2025A · The company itself

“APAC Private Equity: Our APAC private equity team of over 35 investment professionals as of December 31, 2025 focuses on primarily pursuing structured growth equity investments in control, joint control and minority ownership formats. We seek to invest in high-quality middle market companies in our core industries, namely consumer, healthcare and services, that give us exposure to rising consumer and business activity in the APAC region.”

Annual report 2025A · The company itself

“De huvudsakliga kunderna av extruderade plastskivor är konverterare, vakuumformare, OEM:s samt distributörer. En stor del av vår försäljning sker till företag som bearbetar materialet vidare, genom vakuumformning eller genom andra konverteringsmetoder, samt i vissa fall till företag som producerar färdiga produkter som till exempel resväskor, pooltak eller maskinskydd.”

Annual report 2024A · The company itself

“Distributörer är en kundgrupp som ofta köper större kvantiteter och säl - jervidare.”

Annual report 2024A · The company itself

“Buyers of lubricants include repair shop chains and retail.”

Annual report 2025A · The company itself

“Customers include bakeries, other food industry, retail and restaurant services.”

Annual report 2025A · The company itself

“In Connected Living, we partner with the mobile eco-system (including carriers, retailers, OEMs and cable MSOs) and financial and other institutions to market our mobile device solutions, with some of the largest OEMs, consumer electronics retailers, appliance retailers (including e-commerce retailers) and cable operators to market our extended service contracts and related services, and with financial institutions, insurers and retailers to market our credit and other insurance products.”

Annual report 2025A · The company itself

“In Connected Living, we partner with the mobile eco-system (including carriers, retailers, OEMs and cable MSOs) and financial and other institutions to market our mobile device solutions, with some of the largest OEMs, consumer electronics retailers, appliance retailers (including e-commerce retailers) and cable operators to market our extended service contracts and related services, and with financial institutions, insurers and retailers to market our credit 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

“Sales and Marketing The Group has positioned itself over the last decade with strong relationships with retailers, food service players, distributors, and other selected partners.”

Annual report 2024A · The company itself

“During the ordinary course of business, the Group has sold salmon products to NovoMar, Inc. (“NovoMar”), an entity under majority ownership by a related party of Johan E. Andreassen, the previous CEO of ASA. For the years ended 31 December 2024 and 2023, the Group sold USD 1.6m and USD 0.7m of salmon products to NovoMar, respectively.”

Annual report 2024A · The company itself

“Myynti vähittäiskauppaan ja Foodservice-asiakkaille on kehittynyt myönteisesti.”

Annual report 2025A · The company itself

“MAANTIETEELLISEEN TOIMINTA-ALUEESEEN JA MARKKINOIHIN LIITTYVÄT RISKIT Riskin kuvaus Riskienhallinta Asiakasriski Atrian kaikilla merkittävillä markkina-alueilla elintarvikealan vähittäiskauppa on keskittynyttä, mikä mahdollistaa pitkäjänteisen ja monipuolisen asiakasyhteistyön kehittämisen.”

Annual report 2025A · The company itself

“Kilpailijat Kilpailijoiden toiminnalla ja tuotetarjonnalla sekä ruokakauppojen omilla merkkituotteilla on vaikutusta Atrian kannattavuudelle.”

Annual report 2025A · The company itself

“Kontor uppvisar en värdeförändring om –1,2%, handel om 1,8% samt bostäder om –2,6% för helåret.”

Annual report 2024A · The company itself

“Vårt fokus är att utveckla attraktiva stadsmiljöer i Stockholm, Göteborg, Malmö och Uppsala. Tillsammans med kommunerna, våra kunder och de som bor i staden bygger vi levande stadsmiljöer där kontor, bostäder och handel blandas med kultur, service, vård och utbildning.”

Annual report 2024A · The company itself

“PickUpPort, a public-facing port that enables contactless in-store pickup directly from the AutoStore system. The PickUpPort allows retailers to deploy a Buy Online Pickup In-Store omnichannel retail strategy easily and cost-effectively – helping retailers attract and retain customers and ultimately helping drive revenue growth.”

Annual report 2022A · 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

“För att möta dagens krav på en smidig och sammanhållen kundupplevelse erbjuder B3 expertis inom bland annat personalisering, CRM, automated marketing och digitala lösningar för omnichannel-handel. Genom att utnyttja data på rätt sätt kan lösningar utvecklas med syfte att öka försäljningen, höja marginalerna, stärka kundlojaliteten och förbättra medarbetarnas roll som varumärkesambassadörer.”

Annual report 2024A · The company itself

“B3s specialister har en central roll i att accelerera utvecklingen av RELEX:s webbaserade miljö samt att vidareutveckla och anpassa RELEX lösningar för den amerikanska marknadens krav, vilket driver innovation och effektivitet för återförsäljare.”

Annual report 2024A · The company itself

“IT, media, underhållning, 8% (8) Medlemsorganisationer, föreningar 6% (6) Handel, 7% (7) Transport/logistik, 7% (6) Telekom, 4% (4) Övrigt, 7% (9) Myndighet, kommun, 16% (13) INTÄKTER PER BRANSCH 2024 Några av B3s kunder Almi, Arbetsförmedlingen, Bliwa, Epiroc, FAR, Filmstaden, Försäkringskassan, Handelsbanken, Hyresgästföreningen, Inera, Jordbruksverket, Lantmäteriet, Länsförsäkringar, Sveriges Lärare, Parks and Resorts, Polismyndigheten, Preem, Region Skåne, Region Stockholm, Sandvik, SEB, SGDS-gruppen, SJ, Skandia, Skatteverket, Skolverket, SMHI, Stena, Sundsvalls kommun, Sveaskog, Svenska kyrkan, Svenskt Näringsliv, SVT, Swedbank, Telenor, Telia, Trafik förvaltningen (SL), Trafikverket, Transportstyrelsen, Valmyndigheten, Vattenfall, Volvo, Västra Götalandsregionen.”

Annual report 2024A · The company itself

“Our Win City Concept was implemented in Tokyo, San Francisco and Los Angeles, increasing the total number of active win cities to seven”

Annual report 2026A · The company itself

“The multibrand channel reported a double-digit decline.”

Annual report 2026A · The company itself

“There is a risk that Bang & Olufsen is not able to sustain and develop its retail partner network at the required speed to support the strategy. The luxury retail landscape faces structural challenges  rising occupancy costs, evolving client channel preferences and demanding economics for luxury retail partners pose challenges for network expansion and thereby could impact brand visibility and long-term revenue growth.”

Annual report 2026A · The company itself

“296BRetail and experience ecosystem We are optimising our retail network to deliver consistent, high-quality luxury experiences across all touchpoints and to support revenue growth across regions. This includes expanding our branded retail presence in the Americas and APAC to achieve a more balanced global footprint.”

Annual report 2026A · The company itself

“Across our network, we are strengthening our position in high-potential locations by relocating selected stores and opening new sites in key cities and districts, while closing underperforming locations that are not aligned with our brand ambition. In parallel, we are enhancing our distribution model through closer collaboration with likeminded monobrand partners, combining the strength of company-owned stores with a strong partner network. We are also improving store productivity by driving consistency in retail execution. This includes optimised visual merchandising and store design, focused sales training, and a more structured approach to clienteling.”

Annual report 2026A · The company itself

“Our Win City concept concentrates product visibility, brand activation and retail presence in selected global cities. During the year, we expanded our Win City concept from four to seven cities, with the addition of San Francisco and Tokyo from the third quarter and Los Angeles at year-end. Collectively, the Win Cities reported sell-out growth of 18% for the year, having delivered double-digit growth for eight consecutive quarters. The performance was supported by our flagship openings in Paris and San Francisco and the uplifted Harrods store in London.”

Annual report 2026A · The company itself

“At the centre of this approach is the Culture Store, a flagship format conceived as a destination and presenting the brand at the crossroads of luxury, culture and design. New flagships opened in priority cities including Paris, San Francisco and West Hollywood, existing locations such as Beijing's SKP store were upgraded to the concept, and Shenzhen became home to the first Culture Store in China.”

Annual report 2026A · The company itself

“Like-for-like sell-out grew by 15%, and growth was reported across all channels and supported by doubledigit growth in branded channels.”

Annual report 2026A · The company itself

“Like-for-like sell-out in our branded channels grew by 5% and growth was reported across all channels.”

Annual report 2026A · The company itself

“Distribution BD’s products are marketed and distributed in the United States and internationally through independent distribution channels, as well as directly to hospitals and other healthcare related institutions by BD and independent sales representatives. In the United States, BD uses acute care, non-acute care, laboratory and drug wholesaler distributors to broadly support our overall disposable product demand from our end user customers, while our capital equipment is mostly sold direct to our end user customers.”

Annual report 2025A · The company itself

“Beijer Refs egentillverkning leder utvecklingen i Europa, med stark tillväxt inom dagligvaruhandeln och fastighetssektorn.”

Annual report 2024A · The company itself

“(“Benjamin Moore”), headquartered in Montvale, New Jersey, is one of North America’s leading manufacturers of premium quality residential, commercial and industrial maintenance coatings.”

Annual report unknown yearA · The company itself

“Retail operations provide products to approximately 43,100 retail locations nationwide.”

Annual report unknown yearA · The company itself

“(“Pampered Chef”) is a premier direct seller of distinctive high-quality kitchenware products with sales and operations in the U.S., Canada, Germany, Austria and France and operations in China. Pampered Chef’s product portfolio consists of over 400 Pampered Chef® branded kitchenware items in categories ranging from stoneware and cutlery to grilling and entertaining.”

Annual report unknown yearA · The company itself

“Oriental Trading Company (“OTC”) is an online retailer for fun value-priced party supplies, seasonal products, arts and crafts, toys and novelties, school supplies, educational games and patient giveaways. OTC, headquartered in Omaha, Nebraska, serves a broad base of over three million customers annually, including consumers, schools, churches, medical and dental offices and other businesses.”

Annual report unknown yearA · The company itself

“The Retail Solutions group provides retailer design services; in-store digital merchandising, dispensing and display fixtures; and shopping, material handling and security carts.”

Annual report unknown yearA · The company itself

“Clayton sells off-site built homes through independent and company-owned home centers, realtors and subdivision channels.”

Annual report unknown yearA · The company itself

“Shaw products are sold wholesale to over 42,000 retailers, distributors and commercial users throughout the world.”

Annual report unknown yearA · The company itself

“JM sells its products through a wide variety of channels including contractors, distributors, retailers, manufacturers and fabricators.”

Annual report unknown yearA · The company itself

“Benjamin Moore coatings are available through more than 8,000 independently owned and operated paint, decorating and hardware retailers, including approximately 4,000 Ace Hardware (“Ace”) stores, throughout the U.S. and Canada, as well as 66 other countries.”

Annual report unknown yearA · The company itself

“(“FOL”), headquartered in Bowling Green, Kentucky, manufactures and distributes basic apparel, underwear, outerwear, athletic apparel and sports equipment. Products under the Fruit of the Loom® and JERZEES® labels are primarily sold in the mass merchandise, mid-tier chains and wholesale markets.”

Annual report unknown yearA · The company itself

“Garan Incorporated (“Garan”), headquartered in New York, New York, designs, manufactures, imports and distributes children’s apparel, including products for boys, girls, toddlers and infants. Garan markets its products under its own trademarks, including GARANIMALS®, 365 Kids from Garanimals® and easy-peasy®, as well as customer private-label brands and licensed trademarks, and sells to a diversified group of retailers as well as through its direct-to-consumer channel.”

Annual report unknown yearA · The company itself

“Brooks Sports, Inc., headquartered in Seattle, Washington, markets and sells high-performance running footwear and apparel to specialty and national retailers and directly to consumers under the Brooks® brand.”

Annual report unknown yearA · The company itself

“(“McLane”) provides wholesale distribution services in all 50 states to customers that include convenience stores, discount retailers, wholesale clubs, drug stores, military bases, quick service restaurants and casual dining restaurants.”

Annual report unknown yearA · The company itself

“Revenue Recognition We generate most of our revenue from contracts with customers from the sale of products and services, both as a principal and as an agent. Revenue is recognized when control of the promised goods or services is transferred to our customers, in an amount that reflects the consideration that we expect to receive in exchange for those goods or services.”

Annual report 2026A · The company itself

“Services - When we are the principal We recognize revenue for services, such as delivery, installation, set-up, software troubleshooting, product repair and data services once the service is completed, as this is when the customer has the ability to direct the use of and obtain the benefits of the service or serviced product.”

Annual report 2026A · The company itself

“Table of Contents We provide advertising services to vendors, advertising agencies, third‑party sellers and others, including digital display advertising, sponsored product listings and other marketing solutions. In most cases, consideration received from vendors is recorded as a reduction of cost of sales because the advertising services are not distinct from the sale of the vendor’s products. For other arrangements, including those with non‑vendors or where the services are distinct, we recognize the consideration in revenue as services are delivered, generally over the period the advertisements are displayed or the marketing services are performed.”

Annual report 2026A · The company itself

“We earn commissions from third parties that provide advertising services to vendors, advertising agencies and others through programs such as sponsored product listings, paid search placements and other marketing solutions. The third parties are primarily responsible for fulfilling the performance obligation to the customer, including delivery of the advertisement. Accordingly, we act as an agent in these transactions and recognize revenue on a net basis as the services are delivered, generally over the period the advertisements are displayed or the marketing services are performed.”

Annual report 2026A · The company itself

“Best Buy Gift Cards We sell Best Buy gift cards to our customers in our retail stores, online and through select third parties. Our gift cards do not expire. We recognize revenue from gift cards when the card is redeemed by the customer.”

Annual report 2026A · The company itself

“Affärsmodell Vi erbjuder våra kunder ett brett och relevant sortiment av produkter och tjänster inom våra respektive produktkategorier och geografier.”

Annual report 2024A · The company itself

“I gruppen ingår ett stort antal varumärken, där de främsta är Bygghemma, Nordic Nest och Trademax. Vi erbjuder marknadens ledande utbud av välkända externa och egna varumärken.”

Annual report 2024A · The company itself

“Förvaltningsberättelse ALLMÄNT OM VERKSAMHETEN BHG är en av Nordens största onlineaktörerna inom konsumenthandel. Vi har utöver våra nordiska verksamheter också en betydande närvaro i övriga Europa, liksom på utvalda marknader utanför Europa. Vår starka position på dessa marknader gör oss till en av Europas största onlineaktör inom våra tre segment Home Improvement, Value Home och Premium Living.”

Annual report 2024A · The company itself

“Återförsäljare av Björn Borgs underkläder är fristående handlare, mode- och sportkedjor och varuhus samt Björn Borg-butiker och egen e-handel.”

Annual report 2024A · The company itself

“Återförsäljare är sportfackhandeln, sportkedjor och varuhus samt Björn Borg-butiker och egen e-handel.”

Annual report 2024A · The company itself

“Återförsäljare är fristående skohandlare, skooch sportkedjor och varuhus, stora e-tailers, Björn Borgbutiker samt www.bjornborg.com.”

Annual report 2024A · The company itself

“Återförsäljare är såväl väskfackhandeln som sportbutiker, affärskedjor, varuhus, även med shop-in-shops, samt Björn Borg-butiker och egen e-handel.”

Annual report 2024A · The company itself

“Björn Borg-produkter säljs via cirka 2 666 återförsäljare runt om i landet, via egen detaljhandel i fyra Björn Borg-butiker varav två är factory outletbutiker samt via e-handel.”

Annual report 2024A · The company itself

“Ett sortiment av solglasögon säljs även genom andra kategorier av återförsäljare såsom modebutiker, varuhus och Björn Borg-butiker.”

Annual report 2024A · The company itself

“Björn Borg-produkter säljs via cirka 22 externa återförsäljare, då det idag inte finns några Björn Borgbutiker i landet.”

Annual report 2024A · The company itself

“Egna butiker Segmentet består av intäkter och kostnader förknippat med Björn Borgkoncernens försäljning direkt till konsument via egna fysiska butiker. Björn Borg-koncernen äger och driver totalt 13 (15) butiker och factory outletbutiker i Sverige, Nederländerna, Finland och Belgien, med försäljning av underkläder, sportkläder, skor, väskor och kompletterande produkter.”

Annual report 2024A · The company itself

“Intäkter i distributörssegmentet De egna produktbolagen för produktområdena underkläder respektive sportkläder genererar intäkter till Björn Borg från sin försäljning av produkter till distributörer.”

Annual report 2024A · The company itself

“Intäkter i konsumentdirektsegmentet De egna Björn Borg-butikerna och webbshoppen genererar intäkter till Björn Borg från sin försäljning till konsument.”

Annual report 2024A · The company itself

“Intäkter i grossistsegmentet De egna distributörsbolagen genererar intäkter till Björn Borg genom försäljning till detaljister inom alla produktgrupper.”

Annual report 2024A · The company itself

“Intäkter i licenssegmentet Royaltyintäkter genereras vid distributörernas, såväl egna som fristående, och produktbolagens grossistförsäljning av Björn Borgprodukter till detaljister och beräknas som andel av denna försäljning. Intäkter från royalty redovisas i samband med distributörernas grossistförsäljning.”

Annual report 2024A · The company itself

“(in millions) Retail ETFs Institutional Total Active $ 914,573 $ — $ 2,518,170 $ 3,432,743 Non-ETF index 364,159 — 3,696,174 4,060,333 ETFs — 5,467,710 — 5,467,710 Long-term 1,278,732 5,467,710 6,214,344 12,960,786 Cash management 21,104 1,473 1,058,155 1,080,732 Total $ 1,299,836 $ 5,469,183 $ 7,272,499 $ 14,041,518 Retail BlackRock serves retail investors globally through a wide array of products across the investment spectrum, including separate accounts, open-end and closed-end funds, unit trusts and private investment funds. Retail investors are served principally through intermediaries, including broker-dealers, banks, trust companies, insurance companies and independent financial advisors.”

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

“Cash App has a dedicated sales team focused on products like BNPL, Monthly Payment Solution, Cash App Pay, and other new and emerging products. This team builds relationships with several of the largest and most well known merchants in the US and relevant international markets for BNPL.”

Annual report 2025A · The company itself

“Även våra avancerade pappersbärkassar visade stark tillväxt under 2024: försäljningen ökade med 16% jämfört med 2023.”

Annual report 2024A · The company itself

“Bongs bärkassar med vändbar topp är en särskild höjdpunkt. Dessa påsar är tillverkade av premiumpapper, förstärkta med en kartonginsats och helt anpassningsbara med olika tryckeffekter. Utöver premiumpåsarna introducerade Bong ett standardsortiment av pappersbärkassar under varumärket ”h- Green”, som fokuserar på låg miljöpåverkan.”

Annual report 2024A · The company itself

“Varumärken inom mode, skönhet, finmat och varuhus samarbetar med Bong för att dra nytta av hållbara och effektiva lösningar - alla skräddarsydda för att kommunicera kundernas varumärken och värderingar.”

Annual report 2024A · The company itself

“Vår verksamhet Vision och strategi Boozts vision är att etablera sig som det nordiska varuhuset, en pålitlig e-handelsplattform som erbjuder ett noga utvalt sortiment av varor inom kategorierna Fashion för män och kvinnor, Kids, Sport, Home och Beauty. Detta mål är grundstenen i vår strategi och verksamhet när vi fortsätter utvecklas och växa.”

Annual report 2024A · The company itself

“Boozt är verksamt på marknaden för e-handel av mode och livsstilsprodukter.”

Annual report 2024A · The company itself

“Nettoomsättning Nettoomsättning Varuförsäljning 7 896 7 436 Kommissionsförsäljning 0 31 Övriga tjänster 348 288 Summa 8 244 7 755 Av koncernens varuförsäljning är ungefär 97,9% (97,8) via onlinebutikerna Boozt.com och Booztlet.com. Resterande varuförsäljning är från koncernens modemärke Rosemunde samt de fysiska outlet- och skönhetsbutikerna.”

Annual report 2024A · The company itself

“Segmentet Boozt.com inkluderar verksamheten relaterad till Boozt.com-sidan, den fysiska Beauty by Boozt-butiken samt Rosemunde. Segmentet Booztlet.com inkluderar verksamheten Boozt.com-sidan, vilket är koncernens online outlet-butik, samt koncernens fysiska outlet Booztlet.”

Annual report 2024A · The company itself

“Boozt bedriver verksamhet inom två segment, Boozt.com och Booztlet.com, och erbjuder varor i olika kategorier, bland annat mode, skönhet och heminredning, till över 3,7 miljoner aktiva kunder.”

Annual report 2024A · The company itself

“Kundfordringar utgörs av ”Business-to-Business” försäljning av marknadsföringstjänster, samt försäljning av varor från egna varumärken till återförsäljare via dotterbolaget Rosemunde.”

Annual report 2024A · The company itself

“Key operations include the Agora Bytom shopping centre in Poland, serving a broad consumer base, and Höganäs Borgestad, offering refractory products and services critical for high-temperature industrial processes across the Nordic countries.”

Annual report 2024A · The company itself

“Marketing and Sales We market our products and solutions to hospitals, clinics, outpatient facilities and medical offices in 127 countries worldwide. In addition, large group purchasing organizations, hospital networks and other buying groups are important to our business and represent a substantial portion of our net sales.”

Annual report 2025A · The company itself

“Omsetning per sektor Helse og sosial 1,4 % Industri 3,7 % Info og kommunikasjon 2,1 % Kraftforsyning 20,4 % Off. adm. og forsvar 17,8 % Olje, gass og fornybart 40,5 % Tjenesteyting 6,0 % Transport 4,3 % Varehandel 2,5 % Andre 1,2 % Intro | Våre nøkkeltall Intro | Våre nøkkeltall 5 5 Om Bouvet I dagens samfunn er digitalisering en avgjørende faktor for virksomheters leveranseevne og konkurransekraft.”

Annual report 2024A · The company itself

“Koncernen sælger direkte ꢀl større kunder og kundegrupper samt igennem et netværk af lokale distributører for at dække de øvrige markeder. Lokale forhandlere inkluderer markedet af elektromekaniske værksteder med serviceopgaver ꢀl slutbrugere og salg ꢀl eſtermarkedet indenfor koncernens produktområder, hvori Brd.”

Annual report 2025A · The company itself

“Kompletterande kommersiella fastigheter är typiskt livsmedelsbutiker, apotek, restauranger och caféer samt vårt lagerkoncept, Bolagret, som adderar till levande kvarter och ger service i närområdet.”

Annual report 2024A · The company itself

“Our products are sold worldwide, principally to wholesalers, distributors, specialty pharmacies, and to a lesser extent, retailers, hospitals, clinics, government agencies and directly to patients.”

Annual report 2025A · The company itself

“Our products are sold principally to wholesalers, distributors, specialty pharmacies, and to a lesser extent, retailers, hospitals, clinics, and government agencies.”

Annual report 2025A · The company itself

“Business The Broadridge Business Broadridge, a Delaware corporation, is a global financial technology leader powering investing, corporate governance, and communications. We deliver technology-driven solutions to banks, broker-dealers, asset and wealth managers, public companies, investors, and mutual funds, that enable our clients to operate, innovate and grow.”

Annual report 2026A · The company itself

“Disruption of our distribution network or fluctuations in our product inventory levels at distributors, wholesalers, or retailers could negatively affect our results for a particular period. Moreover, other suppliers, as well as wholesalers and retailers of our brands, offer products that compete directly with ours for shelf space, promotional displays, and consumer purchases.”

Annual report unknown yearA · The company itself

“While we seek to take advantage of the efficiencies and opportunities that large retail customers can offer, they often seek lower pricing and increased purchase volume flexibility, offer competing private label products, and represent a large number of other competing products. If the buying power of these large retail customers continues to increase, it could negatively affect our financial results.”

Annual report unknown yearA · The company itself

“In the United States, which generally prohibits spirits manufacturers from selling their products directly to consumers, we sell our products either to distributors or to state governments (in states that directly control alcohol sales) that then sell to retail customers and consumers.”

Annual report unknown yearA · The company itself

“Serving private DIY consumers”

Annual report 2025A · The company itself

“Our new family members, AO Workwear, VVS Kupp and Svenska VA Grossisten, all delivered strong performances”

Annual report 2025A · The company itself

“It pays to start in the right place AO has the industry's most complete B2C offer within simple home improvements and DIY.”

Annual report 2025A · The company itself

“BTS kunder är verksamma huvudsakligen inom nio branscher: IT, finansiella tjänster, tillverkande industri, professional services, läkemedel & bioteknik, dagligvarubranschen (så kallade Fast-Moving Consumer Goods – FMCG), energi, telekom samt handel & distribution.”

Annual report 2024A · The company itself

“Other customers include grocery chains, wholesalers, distributors, and other retailers who sell to consumers either under our own brand names or private labels.”

Annual report 2025A · The company itself

“The primary customers for our wheat milling products are food processing, bakery, and food service companies, while the primary customers of our sugar milling products are food processing companies.”

Annual report 2025A · The company itself

“Byggmakonsernet består av produksjons- og handelsbedriftene Forestia AS, Huntonit AS, Uldal AS, Masonite Beams AB, Smartpanel AS, Masonite Beams AS, Aneta Lighting AS og Aneta Lighting AB.”

Annual report 2024A · The company itself

“I Norge og Sverige selges produktene gjennom egne landsdekkende salgsorganisasjoner. I øvrige land ivaretas salgsarbeidet dels av egne ansatte og dels av distributører. Produktsortimentet produseres hovedsakelig av konsernets heleide produksjonsbedrifter. I tillegg selger Byggma ASA også handelsprodukter.”

Annual report 2024A · The company itself

“• Marknads- och butikschefer inom sällan- och dagligvaruhandeln samt andra detaljister ser dock tydligt sambandet mellan annonser i Mitt I och mer kundtrafik i sina butiker.”

Annual report 2024A · The company itself

“Annonsörernas starka plattform För lokala företag är Mitt i en ovärderlig kanal för att nå sina målgrupper. Med en tydlig lokal förankring och skräddarsydd annonsering kan annonsörer nå rätt publik med stark effekt.”

Annual report 2024A · The company itself

“Ett exempel var när Clas Ohlson öppnade på Lidingö och annonserade hos oss.”

Annual report 2024A · The company itself

“Our sourcing customer base includes grocery retailers, restaurants, foodservice distributors, and produce wholesalers.”

Annual report 2025A · The company itself

“During 2025, we served 75,000 customers worldwide, ranging from Fortune 100 companies to small businesses in a wide variety of industries.”

Annual report 2025A · The company itself

“Adjusting for this, volumes grew by high-single-digit percentages in a soft market, with market share gains in both the on- and off-trade. These achievements were driven by growth in both mainstream and premium beer, and strong performance in both channels for brands such as Carlsberg, Poretti and 1664 Kronenbourg.”

Annual report 2025A · The company itself

“Travel agent partners are an integral part of our long-term cruise distribution network and are critical to our success. We utilize local sales teams to motivate travel agents to support our products and services with competitive pricing, promotional policies and joint marketing and advertising programs.”

Annual report 2025A · The company itself

“Lower volume in our residential business (down 9%) was primarily due to reduced end-market demand and distributor destocking.”

Annual report 2025A · The company itself

“Products and controls, services and systems are sold directly to building contractors and owners and indirectly through joint ventures, independent sales representatives, distributors, wholesalers, dealers and retail outlets.”

Annual report 2025A · The company itself

“On October 1, 2024, we divested CCR, a global supplier of turnkey solutions for commercial refrigeration systems and services. The results of CCR are excluded from our Consolidated Financial Statements subsequent to the divestiture date.”

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

“Each Casey’s store typically carries over 3,000 packaged food, beverage and non-food items.”

Annual report 2026A · The company itself

“We believe our stores located in smaller towns compete principally with other local grocery and convenience stores, similar retail outlets, including "dollar" stores, and, to a lesser extent, prepared food outlets, restaurants, and expanded fuel stations offering a more limited selection of grocery and food items for sale.”

Annual report 2026A · The company itself

“Stores located in more heavily populated communities may compete with local and national grocery and drug store chains, quick service restaurants, expanded fuel stations, supermarkets, discount food stores, and traditional convenience stores.”

Annual report 2026A · The company itself

“Långsiktiga kundrelationer Ett starkt kassaflöde säkerställs genom långa relationer med en stor bredd av kunder. Flera av dem tillhör marknadens största aktörer och har samhällsbärande funktioner.”

Annual report 2024A · The company itself

“Kontraktsstruktur Kontraktsportföljen är långsiktig och hyresgästerna utgörs till övervägande del av stora, solida och väl etablerade företag verksamma inom olika sektorer såsom logistik, transport samt dagligvaru- och sällanköpshandel.”

Annual report 2024A · 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

“Advisory Services Advisory Services provides a comprehensive range of services globally, including leasing, capital markets (property sales and mortgage origination), loan servicing, and valuation. With a global network of experts that have a deep understanding of their local markets, we offer comprehensive insights and solutions across a wide range of assets, including offices, industrial and logistics, retail, multi-family and critical facilities, such as data centers, laboratories, and government facilities.”

Annual report 2025A · The company itself

“From an operational perspective, we are the primary distributor of pharmaceutical products for Walgreens in the U.S. and Boots in the U.K.”

Annual report 2025A · The company itself

“Retail healthcare providers include national and regional retail drugstore chains, independent community pharmacies, pharmacy departments of supermarkets and mass merchandisers, and veterinarians.”

Annual report 2025A · The company itself

“Our top 10 customers, including governmental agencies and group purchasing organizations (“GPO”), represented approximately 66% of revenue in fiscal 2025. In fiscal 2025, Walgreens and Boots together accounted for approximately 25% of revenue and Evernorth Health Services accounted for approximately 13% of revenue.”

Annual report 2025A · The company itself

“Walgreens and Boots together accounted for approximately 25% of our revenue in fiscal 2025 and, as of September 30, 2025, accounted for approximately 38% of our accounts receivable, net.”

Annual report 2025A · The company itself

“Revenue from the various agreements and arrangements with Walgreens and Boots UK Ltd. collectively accounted for approximately 25% of revenue and represented approximately 38% of accounts receivable, net of incentives, as of September 30, 2025.”

Annual report 2025A · The company itself

“Houston Electric’s receivables from the distribution of electricity are collected from REPs that supply the electricity. As of December 31, 2025, Houston Electric provided electric delivery service to approximately 67 REPs.”

Annual report 2025A · The company itself

“Our principal customers are cooperatives, retailers, independent fertilizer distributors, traders, wholesalers and industrial users.”

Annual report 2025A · The company itself

“We sell our residential and commercial services using national brand platforms known as Spectrum, Spectrum Business, Spectrum Reach and Spectrum Community Solutions.”

Annual report 2025A · The company itself

“During the year ended December 31, 2025, we added 1.9 million mobile lines while Internet and video losses improved as compared to the prior year period. Sales were challenged by the competitive environment but were offset by lower customer churn. We remain focused on improving customer results through our brand platform, Life Unlimited which emphasizes the power of our advanced fiber-powered network and cutting-edge connectivity products and services, and our simplified pricing and packaging strategy that better utilizes our seamless connectivity and entertainment products to offer lower promotional and persistent bundled pricing to drive growth.”

Annual report 2025A · The company itself

“In the United States, the company markets primarily under the principal brands of “Chevron” and “Texaco.” At year-end 2025, the company supplied directly or through retailers and marketers approximately 8,600 Chevron- and Texaco-branded service stations, primarily in the southern and western states.”

Annual report 2025A · The company itself

“Our revenue is derived from sales by our restaurants.”

Annual report 2025A · The company itself

“Livsmedelsbutikerna är ofta ett distributionsnät för övrig e-handel. När kunderna hämtar sina livsmedel hos butiken är det naturligt att även hämta övrig e-handel. Detta är något som livsmedelsbutikerna ser som positivit då antalet potentiella kunder till den fysiska livsmedelsbutiken ökar.”

Annual report 2024A · The company itself

“Definitioner och avstämning nyckeltal Fastighetslista Innehållsförteckning Kiljavantie 5, Finland 2 Detta är Cibus Cibus Nordic Real Estate AB (publ) “Cibus” affärsidé är att förvärva, utveckla och förvalta högkvalitativa fastigheter i Europa med välrenommerade livsmedelsbutiker och dagligvarukedjor som ankarhyresgäster för att kunna ge en god utdelning månadsvis till våra aktieägare.”

Annual report 2024A · The company itself

“Cibus affärsidé är att skapa långsiktig tillväxt och värdeökning genom förvärv, utveckling och förvaltning av högkvalitativa fastigheter i Europa med en tydlig förankring inom dagligvaruhandeln.”

Annual report 2024A · The company itself

“Att investera i Cibus Cibus investerar och förvaltar livsmedelsbutiker och dagligvaruhandel i Europa.”

Annual report 2024A · The company itself

“Cibus är specialiserat på att äga och förvalta fastigheter med hyresgäster verksamma inom livsmedels- och dagligvaruhandeln, vilka i allmänhet har två huvudsakliga kännetecken som skiljer dem från de flesta andra typer av handelsfastigheter.”

Annual report 2024A · The company itself

“De största hyresgästerna pro forma var Kesko (22 % av hyresintäkterna), Tokmanni (14 %), Coop Sverige (8 %), S-gruppen (5 %), Rema 1000 (4 %) och Lidl (4 %).”

Annual report 2024A · The company itself

“— Butiksnätverket bildar ett strategiskt distributionsnät som är idealiskt för post- och andra tjänster, vilket gynnas av ökad e-handel. — Portföljens stabila kassaflöde som möjliggör den månadsvisa utdelningen. — Genomsnittlig återstående avtalstid på cirka 5 år. — Marknadsledande hyresgäster inom daglivaruhandeln såsom Kesko, Tokmanni, Coop Sverige, S-gruppen, Rema 1000, Dagrofa och Lidl som är ankarhyresgäster i cirka 97 % av portföljens fastigheter. — Hyreskontraktens längd varierar och därmed löper kontrakten ut jämnt utspritt över tiden. — Ett stort antal fastigheter i samma storleksklass begränsar risken för en enskild tillgång.”

Annual report 2024A · The company itself

“Ankarhyresgäster utgörs av högkvalitativa handelskedjor såsom Kesko, Tokmanni, Coop, S-gruppen, ICA, Lidl och Salling Group med egna högt ställda ambitioner kring sin omvärldspåverkan och hållbarhet.”

Annual report 2024A · The company itself

“Typical businesses covered include contractors, manufacturers, real estate owners and managers, retail, consultants, and bars or taverns.”

Annual report 2025A · The company itself

“In Consumer Banking, we provide an integrated experience that includes mobile and online banking, a full-service customer contact center, and the convenience of approximately 3,100 ATMs and approximately 1,000 branches in 14 states and the District of Columbia. Consumer Banking products and services include a full range of banking, lending, savings, wealth management, and small business offerings.”

Annual report 2025A · The company itself

“The tenant mix of Citycon’s assets, consisting mainly of grocery and service-oriented tenants, is less reliant on consumer discretionary spending and the strategy has already demonstrated its strength and resilience throughout a variety of market conditions.”

Annual report 2025A · The company itself

“Varumärkeskännedom, tillgänglighet och varuplacering är betydande framgångsfaktorer.”

Annual report 2024A · The company itself

“Produktutveckling är en av de främsta drivkrafterna för att vinna nya konsumenter och driva varumärkets framgång samtidigt som vi differentierar marknaden. Vi introducerar fortlöpande utökningar av produkterna, som lanseringar av nya smaker, konsistenser och förpackningar samt anpassar till lokala behov.”

Annual report 2024A · The company itself

“Förpackade märkesvaror kännetecknas främst av förpackade produkter som Cloetta tillverkar, marknadsför och säljer under företagets många starka konsumentvarumärken, såsom Red Band, Kexchoklad, Gott & Blandat och Jenkki.”

Annual report 2024A · The company itself

“Lösviktsverksamheten kännetecknas främst av avtal där Cloetta hanterar kundernas försäljning av lösgodis genom butikslösningar som gör det möjligt för konsumenter att välja individuella godisbitar för att skapa en egen anpassad påse. Sortimentet, som är centralt för erbjudandet, hanteras av Cloetta och produkterna tillverkas antingen av Cloetta själva eller av tredje part, inklusive konkurrenter.”

Annual report 2024A · The company itself

“Under året genomförde vi framgångsrikt flera varumärkesförlängningar inom våra starka varumärken med fokus på nya målgrupper, såsom Gott & Blandat, Juicy Giants, Chewits Jewels och Läkerol Strawberry.”

Annual report 2024A · The company itself

“Försäljningen av Förpackade märkesvaror ökade organiskt med 1,9 procent främst drivet av prishöjningar som möjliggjorts av att våra kärnvarumärken stärkts, inklusive en fördelaktig kategori mix samt lyckad aktivering i butik.”

Annual report 2024A · The company itself

“Försäljning av Lösviktsgodis ökade organiskt med 12,8 procent drivet av ökade volymer och fortsatt premiumisering av erbjudandet.”

Annual report 2024A · The company itself

“Kategorin är dessutom viktig för våra kunder då den driver trafik i butik och påverkar vår förmåga att sälja andra kategorier.”

Annual report 2024A · The company itself

“Vi har fortsatt säkrat förlängningen av ett antal kontrakt på flera av våra marknader, vilket bevisar attraktionskraften i vårt CandKing-koncept hos återförsäljarna.”

Annual report 2024A · The company itself

“En av Cloettas viktigaste försäljningskanaler, täcks oftast av centrala avtal på landsnivå. Utveckling Dagligvaruhandeln har genomgått en betydande konsolidering och omstrukturering de senaste tio åren, med allt färre och större butiker. Koncentrationen inom dagligvaruhandeln är hög på flertalet europeiska marknader, vilket innebär att kanalen kan ställa stora krav på sina leverantörer.”

Annual report 2024A · The company itself

“En av Cloettas viktigaste försäljningskanaler, kännetecknas av generösa öppettider, centralt lokaliserade i form av närbutiker men även bensinstationer. Utveckling Konfektyrförsäljningen till servicehandeln har under det senaste decenniet minskat.”

Annual report 2024A · The company itself

“Bland Cloettas största kunder ingår Axfood, Coop, ICA och Rusta.”

Annual report 2024A · The company itself

“Bland Cloettas största kunder ingår S-Group, Kesko och Tokmanni.”

Annual report 2024A · The company itself

“Bland Cloettas största kunder ingår Albert Heijn, Jumbo Supermarkten, Plus Retail, AS Watson och Lekkerland.”

Annual report 2024A · The company itself

“Bland Cloettas största kunder ingår Coop, Salling Group och Reitan.”

Annual report 2024A · The company itself

“Bland Cloettas största kunder ingår Edeka, Lidl & Schwarz, Metro och Rewe.”

Annual report 2024A · The company itself

“På Cloettas huvudmarknader är dagligvaruhandeln konsoliderad med få, mycket stora dagligvarukedjor. Dagligvaruhandelns koncentration innebär en stark prispress på alla leverantörer till handeln.”

Annual report 2024A · The company itself

“The Company has operations in approximately 25 countries or territories and sells its products in approximately 95 markets, primarily through mass retailers; grocery outlets; warehouse clubs; dollar stores; home hardware centers; drug, pet and military stores; third-party and owned e-commerce channels; and distributors.”

Annual report 2025A · The company itself

“Principal Markets and Methods of Distribution In the United States, most of the Company’s products are nationally advertised and sold to mass retailers, grocery outlets, warehouse clubs, dollar stores, home hardware centers, military stores and other retail outlets primarily through a direct sales force; to grocery stores and grocery wholesalers primarily through a combination of direct sales teams and a network of brokers; and through e-commerce retailers.”

Annual report 2025A · The company itself

“Net sales to the Company’s largest customer, Walmart Stores, Inc. and its affiliates, were 26%, 27% and 25% of consolidated net sales for the fiscal years ended June 30, 2026, 2025 and 2024, respectively, and occurred across all of the Company’s reportable segments.”

Annual report 2025A · The company itself

“In addition, in developed markets, discounters and value stores are growing at a rapid pace, while in emerging and developing markets, modern trade is growing at a faster pace than traditional trade outlets. Our industry is also being affected by the rapid growth in sales through e-commerce retailers, e-commerce websites, mobile commerce applications and subscription services, which may result in a shift away from physical retail operations to digital channels.”

Annual report 2025A · The company itself

“Our finished product operations generate net operating revenues by selling sparkling soft drinks and a variety of other finished beverages to retailers, or to distributors and wholesalers who in turn sell the beverages to retailers.”

Annual report 2025A · The company itself

“Our industry is being affected by the trend toward consolidation in, and the blurring of the lines between, retail channels, particularly in Europe and the United States. Retailers may seek lower prices from us and our bottling partners, may demand increased marketing or promotional expenditures in support of their businesses, and may be more likely to use their distribution networks to introduce and develop private-label brands, any of which could negatively affect the Coca-Cola system’s profitability.”

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. Demand in this segment is driven by our clients’ focus on improving the efficiency and sustainability of their operations; the enablement and integration of business platforms to support sales and customer experience enhancement initiatives; the generational shift from mechanical to software-defined, experience-driven customer interactions; grid modernization to support a consumer-driven energy landscape that enables cleaner, more efficient energy use; and their adoption and integration of AI and other technologies, such as intelligent systems to manage supply chains and enhance overall customer experiences, and IoT to generate data and insights for factories, fleets, products and real estate companies.”

Annual report 2025A · The company itself

“Columbus is a consultancy company that brings business, technology and people together and turn transformation into lasting value within Manufacturing, Retail & Distribution, Food & Beverage, and Life Science.”

Annual report 2025A · The company itself

“Digital Commerce helps organisations accelerate growth by designing customer-centric strategies, creating seamless crosschannel experiences, and delivering AI-driven unified commerce. Digital Commerce enables retailers, manufacturers, and distributors to strengthen competitiveness by modernising platforms, integrating core systems, and turning digital interactions into measurable business value.”

Annual report 2025A · The company itself

“Digital Commerce is heavily exposed to the retail business, particularly in Sweden, and faced headwind throughout the year, with declining revenue in Denmark and Norway.”

Annual report 2025A · The company itself

“Besides Dynamics 365, Digital Commerce experienced a steep declined due to slow-down in the retail sector.”

Annual report 2025A · The company itself

“We receive fees from the distribution of our television networks to traditional multichannel video providers, such as our Residential Connectivity & Platforms segment, and from virtual multichannel video providers that offer streamed linear television networks.”

Annual report 2025A · The company itself

“Technology ​ 45.0 % Manufacturing ​ ​ ​ 22.1 % Healthcare 8.9 % Education 7.3 % Government 5.0 % Office Buildings 5.0 % Retail, Restaurants and Entertainment 3.7 % Multi-Family and Residential 1.4 % Other 1.6 % Total 100.0 % ​ Approximately 92.7% of our revenue is earned on a project basis for installation of systems in newly constructed or existing facilities.”

Annual report 2025A · The company itself

“The strength of our brands makes us a supplier of choice to many of our consumers and our Customers, which include wholesale distributors and retailers.”

Annual report 2026A · The company itself

“In the U.S., we sell our products principally to wholesalers for resale to retailers and directly to government agencies. We have an exclusive arrangement with one wholesaler that generates a large portion of our branded U.S. wine and spirits net sales, and we have one wholesaler for our beer portfolio which, through multiple entities, represents approximately one-quarter of our consolidated net sales.”

Annual report 2026A · The company itself

“Within our primary market in the U.S., we offer a range of beverage alcohol products across the imported beer, ABA, and branded wine and spirits categories, with generally separate distribution networks utilized for (i) our beer portfolio and (ii) our wine and spirits portfolio.”

Annual report 2026A · The company itself

“For Fiscal 2027, we expect depletion volume to outpace shipment volume driven by mutually agreed upon inventory reductions with key distributors following the 2025 Wine Divestitures.”

Annual report 2026A · The company itself

“Erityisesti muutosrakentamiselle on yhä enemmän tarvetta työskentelytapojen ja vähittäiskaupan muutosten vuoksi.”

Annual report 2025A · The company itself

“CooperVision focuses on supporting the growth of all customers including key accounts (which include optical chains, global retailers, certain buying groups and mass merchandisers) by investing in selling, promotional and advertising activities.”

Annual report 2025A · The company itself

“MARKETING AND DISTRIBUTION CooperVision markets our products through our own field sales representatives, distributors and eye care practitioners, including optometrists, ophthalmologists, opticians and optical chains. CooperVision also sells to distributors and to mass merchandisers who offer eye care services.”

Annual report 2025A · The company itself

“National Powersport Auctions In the U.S., we provide wholesale powersport vehicle remarketing services through live and online auction platforms to dealers, financial institutions and Original Equipment Manufacturers through our subsidiary National Powersport Auctions (“NPA”). Powersports include for example motorcycles, recreational vehicles, boats and RVs.”

Annual report 2025A · The company itself

“We sell the vehicles principally to licensed vehicle dismantlers, rebuilders, repair licensees, used vehicle dealers, exporters, and to the general public.”

Annual report 2025A · The company itself

“Copart Dealer Services We provide franchise and independent dealers with a convenient method to sell their trade-ins through any of our facilities.”

Annual report 2025A · The company itself

“Gift – We provide fully integrated gift card program management and processing services to retailers in 66 countries, in both plastic and digital form. The gift cards are issued specifically for each customer under their specific brands and are generally accepted exclusively within their retail network, digitally or in-person.”

Annual report 2025A · The company itself

“Overview CoStar Group is a leading provider of online real estate marketplaces, information, analytics, and 3D digital twin technology in the property markets. Our mission is to digitize the world's real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.”

Annual report 2025A · The company itself

“Residential Real Estate Our residential marketplaces aggregate consumer demand for homes that they can rent or buy and we sell marketing and leads to the agents, owners, landlords, and property management companies that need to reach those consumers with their offerings. Our flagship brands in the U.S. are Apartments.com, Homes.com, and Land.com.”

Annual report 2025A · The company itself

“General We operate membership warehouses and e-commerce sites based on the concept that offering low prices on a limited selection of nationally-branded and private-label products in a wide range of categories will produce high sales volumes and rapid inventory turnover. When combined with the operating efficiencies achieved by volume purchasing, efficient distribution and reduced handling of merchandise in no-frills, self-service warehouse facilities, these volumes and turnover enable us to operate profitably at significantly lower gross margins (net sales less merchandise costs) than most other retailers.”

Annual report 2025A · The company itself

“We have invested significantly in the development and protection of our well-recognized brands, including the Costco Wholesale trademarks and our private-label brand, Kirkland Signature. We believe that Kirkland Signature products are high quality, offered at prices that are generally lower than national brands, and help lower costs, differentiate our merchandise offerings, and generally earn higher margins. We expect to continue to increase the sales penetration of our private-label items.”

Annual report 2025A · The company itself

“We offer merchandise and services in the following categories: ■Core Merchandise Categories: •Foods and Sundries (including sundries, dry grocery, candy, cooler, freezer, liquor, and tobacco) •Non-Foods (including major appliances, small electronics, health and beauty aids, hardware, lawn and garden, sporting goods, tires, toys and seasonal, automotive, stamps, tickets, apparel, furniture, domestics, housewares, special order kiosk, and jewelry) •Fresh Foods (including meat, produce, deli, and bakery) ■Warehouse Ancillary (includes gasoline, pharmacy, optical, food court, hearing aids, and tire installation) ■Other Businesses (includes e-commerce, business centers, travel, and other) Warehouse ancillary operate primarily within, next to or near our warehouses, encouraging more frequent shopping.”

Annual report 2025A · The company itself

“Seafire (SEK –15 mn/–25 procent) är ett förvärvande bolag med tiotalet innehav inom tillverkande industri och handel. Bolaget utgör med ett värde per årsskiftet om SEK 45 mn ett av våra minsta innehav men då Creades ägande överstiger 10 procent och vi därtill är aktiva i styrelsen redovisas Seafire inom verksamhetsbenet Direktägda noterade innehav.”

Annual report 2024A · The company itself

“Sedan Instabox grundare Alexis Priftis övertog vd-rollen för ett drygt år sedan har bolaget tagit rejäla kliv i att få ut fördelarna från sammanslagningen av Instabox och Budbee. I synnerhet skåpaffären utvecklas starkt och levererar fina resultat på den svenska hemmamarknaden vilket även ger en fingervisning om den potential som finns att hämta då övriga geografier når liknande skala.”

Annual report 2024A · 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

“Produkterna säljs via återförsäljare, distributörer, E-handel samt verkstäder.”

Annual report 2024A · The company itself

“Consumer-divisionen (som riktar sig direkt till slutkonsumenter med försäljning via både distributörer, återförsäljare samt e-handlare) ökade under året sin försäljning organiskt med 13 procent.”

Annual report 2024A · The company itself

“Pharmacy & Consumer Wellness Competition The retail pharmacy business is highly competitive. The Company believes that it competes principally on the basis of: (i) store location and convenience, (ii) customer service and satisfaction, (iii) product selection and variety, and (iv) price.”

Annual report 2025A · The company itself

“MinuteClinic As of December 31, 2025, the Company operated more than 800 MinuteClinic locations in the U.S. The clinics are staffed by nurse practitioners and physician assistants who utilize nationally established guidelines to deliver a variety of health care services, including expanding primary care services.”

Annual report 2025A · The company itself

“Pharmacy & Consumer Wellness Segment The Pharmacy & Consumer Wellness segment dispenses prescriptions in its CVS Pharmacy® retail locations and through its infusion operations, provides ancillary pharmacy services including pharmacy patient care programs and vaccination administration, and sells a wide assortment of health and wellness products and general merchandise. The segment also provides pharmacy fulfillment services to support the Health Services segment’s specialty and mail order pharmacy offerings.”

Annual report 2025A · The company itself

“During the year ended December 31, 2025, the Pharmacy & Consumer Wellness segment filled 1.8 billion prescriptions on a 30-day equivalent basis and dispensed approximately 28.5% of total retail pharmacy prescriptions in the U.S.”

Annual report 2025A · The company itself

“Pharmacy & Consumer Wellness Products and Services A typical retail store sells prescription drugs and a wide assortment of high-quality, nationally advertised brand name and proprietary brand merchandise. Pharmacy locations may also contract with Covered Entities under the federal 340B drug pricing program.”

Annual report 2025A · The company itself

“The Company continues to launch and enhance new and exclusive brands to create unmatched offerings and deliver other unique product offerings, including a full range of high-quality proprietary brand products that are only available through CVS stores. The Company currently carries approximately 4,500 proprietary brand products, which accounted for approximately 20% of front store revenues during 2025.”

Annual report 2025A · The company itself

“We offer our retail customers proprietary brand products that are available exclusively at our retail stores and through our online retail sites.”

Annual report 2025A · The company itself

“Pharmacy & Consumer Wellness Segment As of December 31, 2025, the Pharmacy & Consumer Wellness segment operated the following properties: •More than 7,000 retail stores, of which approximately 4% were owned. Net selling space for retail stores was approximately 71.3 million square feet as of December 31, 2025. •Approximately 1,870 retail pharmacies within retail chains, as well as approximately 30 clinics in Target Corporation (“Target”) stores; •Owned distribution centers and leased distribution facilities throughout the U.S. totaling approximately 10.0 million square feet; and •Branches for compounding, specialty infusion and enteral nutrition services throughout the U.S.”

Annual report 2025A · The company itself

“Retail Pharmacy Network Management Services The Company maintains a national network of approximately 63,000 retail pharmacies, consisting of approximately 34,500 chain pharmacies (which include CVS pharmacy locations) and approximately 28,500 independent pharmacies, in the U.S., including Puerto Rico, the District of Columbia, Guam and the U.S. Virgin Islands.”

Annual report 2025A · The company itself

“•In our Health Services segment, by causing drug utilization to decline, reducing demand for PBM services and adversely affecting the financial health of our PBM clients. •In our Pharmacy & Consumer Wellness segment, by causing drug utilization to decline, changing consumer purchasing power, preferences and/or spending patterns leading to reduced consumer demand for products sold in our stores, potentially increasing levels of theft at our retail locations. •By causing our existing customers to reduce workforces (including due to business failures), which would reduce our revenues, the number of covered lives in our PBM clients and/or the number of members our Health Care Benefits segment serves.”

Annual report 2025A · The company itself

“The success of our businesses depends in part on customer loyalty, superior customer service and our ability to persuade customers to frequent our retail stores and online sites and to purchase products in additional categories and our proprietary brands.”

Annual report 2025A · The company itself

“We must maintain and improve our relationships with our retail and specialty pharmacy customers and increase the demand for our products and services, including proprietary brands.”

Annual report 2025A · The company itself

“Our products are sold primarily through our sales personnel, who frequently work with independent brokers, consultants and agents who assist in the marketing, production and servicing of business.”

Annual report 2025A · The company itself

“Salget foregår til distributører og forhandlere.”

Annual report 2025A · The company itself

“Produktionen foregår i samarbejde med betroede partnere, og virksomhedens kunder spænder fra specialiserede hifi-forhandlere til globale distributører.”

Annual report 2025A · The company itself

“We license the sales and distribution of several items including Olive Garden salad dressings and salad croutons through various channels, including wholesale distribution chains and major grocery chains.”

Annual report 2026A · The company itself

“Competition The restaurant industry is intensely competitive with respect to the type and quality of food, price, service, restaurant location, personnel, brand, attractiveness of facilities, availability of carryout and home delivery, internet and mobile ordering capabilities, and effectiveness of advertising and marketing.”

Annual report 2026A · The company itself

“As of March 31, 2026, we have a total of 203 global Company-owned retail stores (including 141 UGG brand retail stores and 62 HOKA brand retail stores), which include 105 concept stores and 98 outlet stores.”

Annual report 2026A · The company itself

“▪HOKA brand net sales increased 15.9% to $2,587,330. ▪UGG brand net sales increased 8.2% to $2,738,758. ▪Other brands net sales decreased 33.9% to $146,208. ◦Channel ▪Wholesale channel net sales increased 12.3% to $3,208,107. ▪DTC channel net sales increased 6.3% to $2,264,189. ◦Geography ▪Domestic net sales increased 0.2% to $3,191,518. ▪International net sales increased 26.8% to $2,280,778. •Gross profit as a percentage of net sales (gross margin) decreased 20 basis points to 57.7%.”

Annual report 2026A · The company itself

“Our brands sell our products through quality domestic and international retailers and international distributors in our wholesale channel, and directly to global consumers through our Direct-to-Consumer (DTC) channel, which is comprised of an e‑commerce and retail store presence.”

Annual report 2026A · The company itself

“We sell our HOKA brand products primarily through full-service specialty retailers, outdoor and sporting goods retailers, select online retailers, fashion lifestyle retailers, sports style partners, and higher-end department stores.”

Annual report 2026A · The company itself

“We sell our UGG brand products primarily through fashion lifestyle retailers, higher-end department stores, streetwear and sports style partners, online retailers and partner retailers.”

Annual report 2026A · The company itself

“We sell our Teva brand products primarily through outdoor and sporting goods retailers, fashion lifestyle retailers, large national retail chains, higher-end department stores, and online retailers.”

Annual report 2026A · The company itself

“Much of our financial success is related to the ability of our customers in the wholesale channel, including international distributors and retail partners, to effectively market and sell our brands to consumers.”

Annual report 2026A · The company itself

“In 2024, we launched Stelo in the United States and are expanding distribution capabilities for its sales.”

Annual report 2025A · The company itself

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

Annual report 2025A · The company itself

“Revenue in 2025 from the top 30 freight customers using multiple products increased 9%, including lost and new accounts.”

Annual report 2025A · The company itself

“Protect & Grow Profits Ferry route network 19 freight-only routes (RoRo) 14 combined freight and passenger routes (RoPax) 68 ferries 8 port terminals with own operations and/or owned Logistics 5 core products Full-load transport (FTL) Part-load transport (LTL) Contract logistics Customs Control towers A Group marketing function and operating model cutting across divisions was launched towards the end of 2025 for a more uniform and efficient marketing approach.”

Annual report 2025A · The company itself

“Produkterna riktar sig till både konsumenter och företag vars kunder finns inom hemelektronikkedjor, webbhandel, installatörer, teleoperatörer, lågpriskedjor, dagligvaruhandel och fristående fackhandel.”

Annual report 2024A · The company itself

“Bland B2C- och B2B-kunderna till Aurdel finns ett flertal större återförsäljare såsom Elgiganten, Dustin, Komplett och POWER.”

Annual report 2024A · The company itself

“Professionella AV-produkter för B2B-marknaden, exklusiva hemelektronikprodukter för B2C-marknaden samt ljusrelaterade produkter för B2B-marknad.”

Annual report 2024A · The company itself

“Bolagens produkter riktar sig till både konsumenter och företag och deras kunder finns inom hemelektronikkedjor, webbhandel, installatörer, teleoperatörer, lågpriskedjor, dagligvaruhandel och fristående fackhandel.”

Annual report 2024A · The company itself

“Vårt erbjudande är kommersiella lokaler – i rätt läge för rätt hyresgäst. En tredjedel av våra hyresintäkter kommer från skattefinansierad verksamhet och drygt hälften av de totala hyresintäkterna kommer från kontor.”

Annual report 2024A · The company itself

“En tredjedel av våra hyresintäkter kommer från skattefinansierad verksamhet och drygt hälften av de totala hyresintäkterna kommer från kontor.”

Annual report 2024A · The company itself

“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

“Våra fastigheter fylls med en blandning av moderna kontor, butiker, restauranger och annan samhällsservice och även nya bostäder.”

Annual report 2024A · The company itself

“Vi investerar i centralt belägna fastigheter med ett blandat innehåll. Butiker och andra tjänster placeras på gatuplan, kontor på våningarna ovanför och där det passar kompletteras fastigheterna med bostäder högst upp.”

Annual report 2024A · The company itself

“Butik, restaurang och annan samhällsservice Inspirerande städer erbjuder en bra balans mellan arbete och fritid för dem som bor och arbetar där. Det innebär att mötesplatser och andra tjänster, som butiker, gym, caféer, restauranger, paketutlämning och frisörer behöver finnas nära till hands.”

Annual report 2024A · The company itself

“Our ability to deliver highly competitive prices in convenient locations and our easy “in and out” shopping format create a compelling shopping experience that we believe distinguishes us from other discount retailers as well as convenience, drug, grocery, online and mass merchant retailers.”

Annual report 2026A · The company itself

“We continue to execute on a number of strategic initiatives to accelerate profitable growth for Dollar Tree as a standalone banner following the sale of Family Dollar. During 2025, we outlined our strategic plan designed to reinforce our core brand promise—value, convenience, and discovery—while improving operating leverage and returns over time.”

Annual report 2026A · The company itself

“Business General We are a leading operator of retail discount stores operating under the brand names of Dollar Tree and Dollar Tree Canada. At January 31, 2026, we operated approximately 9,000 stores across 48 states and the District of Columbia and approximately 275 stores across seven Canadian provinces.”

Annual report 2026A · The company itself

“Our privately sourced and control brand items are an important component of our product mix and our sales and profitability growth plans. Broad market acceptance of our private brands depends on many factors, including pricing, quality, customer perception, and timely development and introduction of new products.”

Annual report 2026A · The company itself

“Our Strengths Strong Brand Equity We are the largest pizza company in the world, and we believe our Domino’s brand is one of the most widely-recognized consumer brands in the world. In the U.S., we are the recognized leader in pizza delivery and our store delivery areas cover a majority of U.S. households. We are also the U.S. market share leader in QSR pizza carryout.”

Annual report 2025A · The company itself

“Our U.S. stores segment is comprised primarily of our franchise operations, which consisted of 6,924 franchised stores located in the U.S. as of December 28, 2025. We also owned and operated a network of 262 U.S. Company-owned stores, for a total U.S. store count of 7,186 as of December 28, 2025.”

Annual report 2025A · The company itself

“International Franchise During 2025, our international franchise segment accounted for $338.7 million, or 6.9%, of our consolidated revenues. This segment is comprised of a network of franchised stores in over 90 international markets. As of December 28, 2025, we had 14,956 international franchised stores.”

Annual report 2025A · The company itself

“Description of the Business Domino’s is the largest pizza company in the world with more than 22,100 locations in over 90 markets around the world as of December 28, 2025, and operates two distinct service models within its stores, with a significant business in both delivery and carryout.”

Annual report 2025A · The company itself

“Our platform facilitates deliveries to consumers from non-partner merchants, and we face certain risks associated with these deliveries. We aim to have a broad selection of merchants on our platform, which sometimes includes facilitating deliveries to consumers from non-partner merchants.”

Annual report 2025A · The company itself

“We face certain risks in connection with our self-operated convenience, grocery, and other retail businesses. We face certain risks in connection with our self-operated convenience, grocery, and other retail businesses. To build and expand our self-operated businesses, we have made substantial investments, including in establishing and managing a reliable supply chain for in-store products, establishing supply-related contractual partnerships, leasing premises, hiring 23 Table of Contents personnel, and rolling out relevant technologies and processes.”

Annual report 2025A · The company itself

“When determining the appropriate accounting for the fees collected in exchange for the use of the Company’s local commerce platform, the Company considered its contractual arrangements with the parties involved as well as its customary business practices. Under the Company’s agreements with partner merchants, the Company agrees to a commission to be earned as a percentage of the total dollar value of goods ordered.”

Annual report 2025A · The company itself

“The Company also provides value-added services to merchants. These services are generally considered separate performance obligations and revenue is recognized over the period in which services are provided.”

Annual report 2025A · The company itself

“The Company's Marketplaces operate in over 40 countries and provide an integrated suite of services that help merchants establish an online presence, connect with consumers in their communities, and solve mission-critical challenges, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.”

Annual report 2025A · The company itself

“Under the Company’s agreements with partner merchants, the Company agrees to a commission to be earned as a percentage of the total dollar value of goods ordered. When a consumer signs up to use the Company’s local commerce platform, the consumer agrees to be charged certain fees, at the time an order is placed, in exchange for use of the platform.”

Annual report 2025A · The company itself

“Our food retail refrigeration business tends to face higher levels of demand in the second and third quarters as retailers avoid construction and remodeling activity during fall/winter holidays.”

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

“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

“Loss of these relationships could have an adverse effect on our subscriber base and certain of our other key operating metrics because we may not be able to develop comparable alternative distribution channels.”

Annual report 2025A · The company itself

“We depend on independent third parties to solicit orders for our services that represent a meaningful percentage of our total gross new subscriber activations.”

Annual report 2025A · The company itself

“Pay-TV ​ We offer pay-TV services under the DISH® brand and the SLING® brand (collectively “Pay-TV” services). The DISH branded pay-TV service consists of, among other things, FCC licenses authorizing us to use direct broadcast satellite (“DBS”) and Fixed Satellite Service (“FSS”) spectrum, our owned and leased satellites, receiver systems, broadcast operations, a leased fiber optic network, in-home service and call center operations and certain other assets utilized in our operations (“DISH TV”).”

Annual report 2025A · The company itself

“While we offer receiver systems and programming through direct sales channels, a meaningful percentage of our gross new DISH TV subscriber activations are generated through independent third parties such as small retailers, direct marketing groups, local and regional consumer electronics stores, nationwide retailers and telecommunications companies.”

Annual report 2025A · The company itself

“Customers – Broadband and Satellite Services ​ Our enterprise customers include, but are not limited to, retailers, financial institutions, aircraft connectivity providers, lottery agencies and companies with multi-branch networks that rely on satellite or terrestrial networks for critical communication across wide geographies, as well as the U.S government.”

Annual report 2025A · The company itself

“While we offer products and services through direct sales channels, a meaningful percentage of our total gross new subscriber activations are generated through independent third parties such as small retailers, direct marketing groups, local and regional consumer electronics stores, nationwide retailers and telecommunications companies. Most of our independent third-party retailers are not exclusive to us and some of our independent third-party retailers may favor our competitors’ products and services over ours based on the relative financial arrangements associated with marketing our products and services and those of our competitors. Furthermore, most of these independent third-party retailers are significantly smaller than we are and may be more susceptible to economic weaknesses that make it more difficult for them to operate profitably.”

Annual report 2025A · The company itself

“Specialty ​ Specialty supplies cleaning and sanitizing products and related items primarily to regional, national and international quick service restaurant (“QSR”) chains and food retailers (i.e., supermarkets and grocery stores).”

Annual report 2025A · The company itself

“Economic downturns, and in particular downturns in our larger markets, including the foodservice, hospitality, travel, health care, food processing, refining, pulp and paper, mining and steel industries, can adversely impact our customers, and we may find it difficult to restore margins by maintaining pricing due to easing inflation from slowing economic growth.”

Annual report 2025A · The company itself

“Eezy’s business consists of a range of workplace services: staffing services, employment, research and recruitment services, management and employee experience development, corporate culture design and light entrepreneurship services.”

Annual report 2025A · The company itself

“S3-4 Taking action on material impacts on affected communities, and approaches to managing material risks and pursuing material opportunities related to affected communities, and effectiveness of those actions Alleviating labour shortages and mismatches and promoting integration Eezy serves many sectors suffering from labour shortages (e.g. retail, horeca, etc.) or where specific skills are needed. Eezy Staffing Services alleviates labor shortages and mismatches by recruiting workers needed by its clients in various industries nationwide.”

Annual report 2025A · The company itself

“Koncernens ejendomme består fortrinsvist af boliger, dog er der ofte erhverv i mindre dele af ejendommene, eksempelvis i form af butikker eller caféer i stueetagen.”

Annual report 2025A · The company itself

“Fashion showed continued rising growth in Europe while Fashion in North America has negative growth but, on a positive note, the inflow of new customers and requests continued to increase during the end of the year.”

Annual report 2024A · The company itself

“— Assembly and Testing — Production Distribution & Outbound Services — Pick and Pack — Consolidation and Transit — Global and Local Deliveries — JIS (Just-in-Sequence) — E-commerce Procurement & Inbound Services — Sourcing and Procurement — Customs Services — Freight Solutions — Warehouse and Inventory Management Recipients — Consumers — Retail — E-commerce — Factories — Hospitals All steps of the life cycle On behalf of customers, Elanders manages and optimizes the flow of raw materials, components, finished products, payments and information through all steps of a product’s life cycle.”

Annual report 2024A · The company itself

“Canada, Moldova, Netherlands and the USA Fashion and Other ~  Our largest operations — Bergen LogisticsThis is Elanders How does being pa of the Elanders Group benet Bergen Logistics?”

Annual report 2024A · The company itself

“Safety Data Sheets (SDS), aligned with the UN Globally Harmonised System, serve as essential tools for hazard communication, ensuring safe product handling by customers and employees. Products in sensitive applications, such as food, water, and healthcare, are subject to specific indu try regulations.”

Annual report 2024A · The company itself

“Genom effektiv logistik, lokalt engagemang och en stark marknadsnärvaro erbjuder vi ett brett utbud av välkända produkter från utvalda leverantörer och relaterade tjänster inom hemelektronik.”

Annual report 2024A · The company itself

“Customers As of December 31, 2025, the Utility operating companies provided retail electric service to customers in Arkansas, Louisiana, Mississippi, and Texas, as follows: Electric Customers Area Served (In Thousands) (%) Entergy Arkansas Portions of Arkansas 738 24 Entergy Louisiana Portions of Louisiana 1,115 36 Entergy Mississippi Portions of Mississippi 459 15 Entergy New Orleans City of New Orleans 209 7 Entergy Texas Portions of Texas 538 18 Prior to the sale of the Entergy New Orleans and Entergy Louisiana natural gas distribution businesses on July 1, 2025, Entergy New Orleans and Entergy Louisiana provided both retail electric and gas service to customers.”

Annual report 2025A · The company itself

“IAC +17,6% +0,2% Nettoomsättning per distributionskanal Detaljhandel, 54% Business-to-business, 26% Vårdsektor, 20% Nettoomsättning per region Europa, 60% Nordamerika, 17% Latinamerika, 17% Asien, 2% Övriga, 4% Nettoomsättning per affärsområde Health & Medical, 20% Consumer Goods, 54% Professional Hygiene, 26% EBITA exkl.”

Annual report 2024A · The company itself

“I Europa är Essity marknadsledare med varumärken som Lotus, Tempo, Zewa, Cushelle och Plenty samt under detaljhandels egna varumärken.”

Annual report 2024A · The company itself

“Declaration to the annual report Definitions of Alternative Performance Measures This is Europris Total employees 5,352 Norway 3,964 Sweden 1,388 EBIT 1,237 million A Nordic retail champion in the making Strong brand and loyal customer base Low prices and powerful marketing and campaign engine Proven category management model Expanding store network and e-commerce operation Customer club members ∼4,000,000 Customer transactions ∼58,000,000 12,750 million Europris is Norway’s largest discount variety retailer by sales, featuring 283 stores throughout the country where 262 are directly owned by the group and 21 operate as franchise stores.”

Annual report 2024A · The company itself

“The group offers its customers a broad range of private-label brands and brand name merchandise across a wide range of product categories.”

Annual report 2024A · The company itself

“At Europris the customer service centre handles direct inquiries related to complaints about misleading marketing via email, phone, or written letters. Customer service is responsible for grouping information, channelling inquiries to the appropriate departments within the organisation, and tracking all inquiries and responses.”

Annual report 2024A · The company itself

“ELECTRIC DISTRIBUTION – CONNECTICUT – THE CONNECTICUT LIGHT AND POWER COMPANY CL&P's distribution business consists primarily of the purchase, delivery and sale of electricity to its residential, commercial and industrial customers. As of December 31, 2025, CL&P furnished retail franchise electric service to approximately 1.32 million customers in 157 cities and towns in Connecticut.”

Annual report 2025A · The company itself

“As of December 31, 2025, NSTAR Electric furnished retail franchise electric service to approximately 1.62 million customers in 159 cities and towns in eastern and western Massachusetts, including Boston, Cape Cod, Martha's Vineyard and the greater Springfield metropolitan area. NSTAR Electric does not own any generating facilities that are used to supply customers, and purchases its energy requirements from competitive energy suppliers.”

Annual report 2025A · The company itself

“As of December 31, 2025, PSNH furnished retail franchise electric service to approximately 549,000 retail customers in 206 cities and towns in New Hampshire.”

Annual report 2025A · The company itself

“A significant portion of Expeditors' revenues is derived from customers in retail and technology industries whose shipping patterns are tied closely to consumer demand, as well as the scaling of AI infrastructure, and from customers in industries whose shipping patterns are dependent upon just-in-time production schedules.”

Annual report 2025A · The company itself

“Wealth Wealth focuses on comprehensive solutions to wealth management clients including our web-based workstation, book-of-business dashboards for advisors, data feeds, APIs, proprietary and third-party data, and productivity tools for Microsoft® Office. We also offer AI-powered prospecting, monitoring and proposal generation tools that enable financial advisors to grow and enhance existing client relationships.”

Annual report 2025A · The company itself

“Software Our software harnesses the power of analytics and digital decisioning technology to help businesses automate, improve, and connect decisions across their enterprise. Most of our solutions address customer engagement, including acquisition and pricing, onboarding, servicing and management, and fraud protection.”

Annual report 2025A · The company itself

“Originations capabilities are available on FICO® Platform. •FICO® Customer Communication Service is an intelligent omnichannel digital communication manager for resolving customer interactions. It enables businesses to automate individualized customer dialogues with the same consistency and regulatory compliance as their human agents.”

Annual report 2025A · The company itself

“Our clients also include more than 600 insurers, including eight of the top ten U.S. property and casualty insurers; more than 300 retailers and general merchandisers; and more than 200 government or public agencies.”

Annual report 2025A · The company itself

“Fortsatt stark efterfrågan på både bostäder och kommersiella lokaler I den expansiva Malmöregionen är efterfrågan på bostäder fortsatt hög med noll vakanser och Trianon har ett stort antal sökande till varje hyreslägenhet som blir ledig. Det syns inte heller någon avmattning när det gäller uthyrning av kommersiella lokaler och under 2024 tecknade Trianon avtal i det kommersiella beståndet för 13,2 Mkr.”

Annual report 2024A · The company itself

“Efterfrågan på butikslokaler ökade jämfört med förra året och ett stort intresse har även märkts från restaurangverksamhet.”

Annual report 2024A · The company itself

“Our current business plan focuses on our investment in high quality retail based properties that are typically neighborhood and community shopping centers or mixed-use properties, principally through redevelopments and acquisitions.”

Annual report 2025A · The company itself

“Our portfolio includes, and we continue to acquire and redevelop, high quality retail in many formats ranging from regional, community and neighborhood shopping centers that often are anchored by grocery stores to mixed-use properties that are typically centered around a retail component but also include residential and office components.”

Annual report 2025A · The company itself

“PROPERTIES General As of December 31, 2025, we owned or had a majority ownership interest in community and neighborhood shopping centers and mixed-used properties which are operated as 104 predominantly retail real estate projects comprising approximately 28.8 million commercial square feet.”

Annual report 2025A · The company itself

“As of December 31, 2025, we owned or had a majority interest in community and neighborhood shopping centers and mixed-use properties which are operated as 104 predominantly retail real estate projects comprising approximately 28.8 million commercial square feet.”

Annual report 2025A · The company itself

“Tenant Diversification As of December 31, 2025, we had approximately 3,700 commercial leases and 2,700 residential leases, with commercial tenants ranging from sole proprietors to major national and international retailers.”

Annual report 2025A · The company itself

“No one tenant or affiliated group of tenants accounted for more than 2.4% of our annualized base rent as of December 31, 2025.”

Annual report 2025A · The company itself

“Our comparable property growth is primarily driven by increases in rental rates on new leases and lease renewals, changes in portfolio occupancy, and the redevelopment of those assets. Over the long-term, the infill nature and strong demographics of our properties provide a strategic advantage allowing us to maintain relatively high occupancy and generally increase rental rates. We continue to experience strong demand for our commercial space as evidenced by the 2.3 million square feet of comparable space leasing we've completed in 2025, and the 2.0% spread between our leased rate of 96.1% and our occupied rate of 94.1%.”

Annual report 2025A · The company itself

“The FedEx Authorized ShipCenter program offers U.S. domestic and international Federal Express shipping and drop-off services through a network of approximately 5,000 franchised and independent “pack and ship” retail locations.”

Annual report 2026A · 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

“As of May 31, 2026, Federal Express had approximately 23,000 Drop Boxes. Federal Express customers can also ship from approximately 25,000 staffed drop-off locations, including FedEx Office stores and FedEx Authorized ShipCenters.”

Annual report 2026A · The company itself

“The FedEx OnSite network includes over 15,000 drop-off locations at Walgreens and Dollar General. Additionally, Federal Express has an agreement with Office Depot, Inc. to offer U.S. domestic and international Federal Express shipping and drop-off services at nearly 800 Office Depot and OfficeMax retail locations.”

Annual report 2026A · The company itself

“Differentiated Offerings •Volume Services: Offers customized pricing solutions for qualifying non-urgent shipments based on network capacity, enabling us to capture overflow demand from sectors prioritizing cost efficiency over speed, such as bulk retail and industrial components.”

Annual report 2026A · The company itself

“The United States segment operates primarily under the Ferguson brand, providing expertise and a wide range of products and services from plumbing, HVAC, appliances, and lighting to PVF, water and wastewater solutions, and more to residential and non-residential customers.”

Annual report 2025A · The company itself

“FirstEnergy's Distribution segment, which consists of the Ohio Companies and FE PA, distributes electricity through FirstEnergy’s electric operating companies in Ohio and Pennsylvania. The Distribution segment serves approximately 4.3 million customers in Ohio and Pennsylvania across its distribution footprint and purchases power for its default service or standard service offer requirements.”

Annual report 2025A · The company itself

“Øvrige smågrise sælges på de regionale markeder.”

Annual report 2025A · The company itself

“On September 4, 2025, the Company acquired CardFree Inc. (“CardFree”), an all-in-one platform delivering integrated order, payment and loyalty solutions for merchants. CardFree is included within the Merchant segment and further expands the capabilities of the Company’s Clover platform across the hospitality, restaurant and lodging industries.”

Annual report 2025A · The company itself

“We help clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover® cloud-based point-of-sale (“POS”) and business management platform.”

Annual report 2025A · The company itself

“Merchant Solutions The businesses in our Merchant segment provide commerce-enabling products and services to companies of all sizes around the world. These products and services include merchant acquiring and digital commerce services; mobile payment services; security and fraud protection solutions; stored-value solutions; software-as-a-service (“SaaS”); POS devices; and pay-by-bank solutions.”

Annual report 2025A · The company itself

“Table of Contents Small Business We offer merchant acquiring solutions to enable small businesses to securely accept payment transactions online or in-person. Payment transactions include credit, debit, gift card and loyalty payments online or through a physical POS or mobile device, such as a smartphone or tablet.”

Annual report 2025A · The company itself

“These solutions include physical and digital gift card fulfillment, program management, e-commerce gift card storefronts, security and fraud protection, transaction processing services, incentive and rebate cards as well as reloadable and non-reloadable prepaid cards that may be used with a variety of mobile applications. We help our clients consolidate their forms of stored value in a single digital wallet that is enabled in-store for true omnichannel customer engagement.”

Annual report 2025A · The company itself

“Issuing We provide credit card processing services; card production services; print services; prepaid card processing services; government payment processing; and student loan processing. Our credit card processing services provide solutions to financial institutions and other issuers of credit, such as group service providers, retailers and consumer finance companies, to enable them to process credit card transactions on behalf of their customers.”

Annual report 2025A · The company itself

“Additionally, our embedded finance solutions enable merchants and others to deliver personalized financial experiences to their customers through a combination of Fiserv solutions including Finxact, Payfare, Commerce Hub™, card manufacturing and processing, as well as third-party services. We have developed a comprehensive end-to-end embedded finance solution that supports various payment flows.”

Annual report 2025A · The company itself

“A weakening in the economy or competition among retailers could force some retailers to close, resulting in exposure to potential credit losses and declines in transactions, and reduced earnings on transactions due to a potential shift to merchants with whom we may have less economically favorable contractual terms. Additionally, credit card issuers may reduce credit limits, increase fees and interest rates and become more selective in their card issuance practices.”

Annual report 2025A · The company itself

“udfasning af en større volumen inden for private-label lavpriskategorien”

Annual report 2026A · The company itself

“kerne kunderne, den professionelle maler og de kvalitetsbevidste privatforbrugere”

Annual report 2026B · From the report

“et butiksnet i Danmark bestående af 57 egne butikker og 51 franchisebutikker”

Annual report 2026A · The company itself

“Segmentet omfatter koncernens aktivitet i Danmark+, Sverige og Norge, som primært afsætter Flügger-produkter og sekundært PP og Stiwex gennem egne butikker eller forhandlere. Dertil sælges private-label, PP, Stiwex og Yunik til visse butikskæder.”

Annual report 2026A · The company itself

“Strategien er forankret i ambitionen om at være det foretrukne valg for både professionelle malere og kvalitetsbevidste forbrugere ved blandt andet at tilbyde miljørigtige og inspirerende løsninger.”

Annual report 2026A · The company itself

“Substantially all of our vehicles, parts, and accessories are sold through distributors and dealers (collectively, “dealerships”), the substantial majority of which are independently owned. At December 31, the approximate number of dealerships worldwide distributing our vehicle brands was as follows: Brand 2024 2025 Ford 8,212 7,479 Ford-Lincoln (combined) 451 408 Lincoln 343 339 Total 9,006 8,226 We do not depend on any single customer or a few customers to the extent that the loss of such customers would have a material adverse effect on our business.”

Annual report 2025A · The company itself

“We also sell parts and accessories, primarily to our dealerships (which, in turn, sell these products to retail customers) and to authorized parts distributors (which, in turn, primarily sell these products to retailers).”

Annual report 2025A · The company itself

“Certain of our businesses sell a significant amount of their products to key distributors and other channel partners that have valuable relationships with customers and end-users. Some of these distributors and other partners also sell our competitors’ products or compete with us directly, and if they favor competing products for any reason they may fail to market our products effectively.”

Annual report 2025A · The company itself

“We primarily derive our fund sales through third-party broker-dealers, banks, investment advisers and other financial intermediaries.”

Annual report 2025A · The company itself

“Garmin products are sold through a variety of indirect distribution channels, including a large worldwide network of independent retailers, dealers, distributors, installation and repair shops, and OEMs. Garmin also sells its products and services directly through the Garmin online webshop (garmin.com), subscriptions for connected services, and Garmin retail stores.”

Annual report 2025A · The company itself

“Table of Contents Consolidation among retailers, online platforms, financial institutions or other distribution intermediaries may increase their negotiating leverage, reduce available distribution channels for us and negatively affect pricing and margins.”

Annual report 2026A · 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

“A significant portion of our revenue is generated through indirect sales and distribution channels, including distributors, resellers, telecom service providers and strategic partners that bundle or incorporate our products into their offerings. In our MoneyLion business specifically, we also depend on channel partners that provide access to consumers – such as news sites, content publishers, product comparison sites and financial institutions – and on product partners that offer financial products through our marketplace platform.”

Annual report 2026A · The company itself

“Our light-commercial standby generators and related transfer switches include a full range of affordable systems from 22kW to 150kW, providing three-phase power sufficient for most small and mid-sized businesses such as grocery stores, convenience stores, restaurants, gas stations, pharmacies, retail banks, smaller health care facilities, and other small-footprint retail applications. Our light-commercial generators predominantly run on natural gas and liquid propane.”

Annual report 2025A · The company itself

“The retail channel primarily sells our residential standby and portable generators, as well as our outdoor power equipment and ecobee products.”

Annual report 2025A · The company itself

“Table of Contents Our retail distribution channel includes thousands of locations across the globe and includes a variety of national and regional home improvement chains, electronics retailers, clubs, buying groups, hardware & farm supply stores, and outdoor power equipment dealers.”

Annual report 2025A · The company itself

“These products are predominantly sold through independent residential dealers, national and regional retailers, e-commerce merchants, electrical/HVAC/solar wholesalers, solar installers, and outdoor power equipment dealers. The residential products revenue consists of the sale of the product to the Company's distribution partners, who in turn sell the product to the end consumer, including installation and maintenance services.”

Annual report 2025A · The company itself

“During fiscal 2026, Walmart Inc. and its affiliates (Walmart) accounted for 22 percent of our consolidated net sales and 31 percent of net sales of our North America Retail segment.”

Annual report 2026A · The company itself

“NORTH AMERICA RETAIL SEGMENT Our North America Retail operating segment reflects business with a wide variety of grocery stores, mass merchandisers, membership stores, natural food chains, drug, dollar and discount chains, convenience stores, and e-commerce grocery providers.”

Annual report 2026A · The company itself

“Net sales for our North America Retail operating units are shown in the following table: In Millions Fiscal 2026 Percentage Change Fiscal 2025 Big G Cereal & Canada (a) $3,153.4 (27)% $4,311.8 U.S. Snacks 3,212.6 (4)% 3,356.3 U.S. Meals & Baking Solutions 4,205.8 (1)% 4,238.9 Total $10,571.8 (11)% $11,907.0 (a)Upon completion of the United States yogurt business divestiture in fiscal 2026, the former U.S.”

Annual report 2026A · The company itself

“INTERNATIONAL SEGMENT Our International operating segment consists of retail and foodservice businesses outside of the United States and Canada. Our product categories include super-premium ice cream and frozen desserts, meal kits, salty snacks, snack bars, dessert and baking mixes, shelfstable vegetables, and pet food products.”

Annual report 2026A · The company itself

“NORTH AMERICA PET SEGMENT Our North America Pet operating segment includes pet food products sold primarily in the United States and Canada in national pet superstore chains, e-commerce retailers, grocery stores, regional pet store chains, mass merchandisers, and veterinary clinics and hospitals.”

Annual report 2026A · The company itself

“GM Financial provides commercial lending products to its dealer customers that include floorplan financing, also known as wholesale or inventory financing, which is lending to finance vehicle inventory. GM Financial also provides dealer loans, which are loans to finance improvements to dealership facilities, to provide working capital, or to purchase and/or finance dealership real estate.”

Annual report 2025A · The company itself

“Andelen kontrakterade hyresintäkter från bostäder och offentligt finansierade hyresgäster uppgick till 54 procent, och inkluderat dagligvaruhandel stiger andelen till 61 procent av bolagets kontrakterade hyresintäkter.”

Annual report 2024A · The company itself

“Fastigheten omfattar en uthyrningsbar area om cirka 19 000 kvm och ett hyresvärde om cirka 25 Mkr.”

Annual report 2024A · 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

“We sell and distribute most of our products in the U.S. exclusively through the wholesaler/distributor channel. Historically, approximately 90% of our gross product sales in the U.S. have been to three wholesalers—Cardinal Health, Inc., Cencora, Inc. and McKesson Corporation—and their specialty distributor affiliates.”

Annual report 2025A · 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

“We sell our products directly to customers and also through a network of resellers.”

Annual report 2025A · The company itself

“Similarly, we have not historically engaged in retail equities intermediation to the same extent as other financial institutions, which has in the past affected and could in the future adversely affect our market share in equities execution.”

Annual report 2025A · The company itself

“As of December $ in billions 2025 2024 Alternative investments Industry Consumer & Retail 8 % 9 % Financial Institutions 10 % 7 % Healthcare 9 % 10 % Industrials 11 % 11 % Natural Resources & Utilities 8 % 8 % Real Estate 15 % 19 % Technology, Media & Telecommunications Platform Solutions Substantially all of the revenues in Platform Solutions are from activities related to issuing credit cards to and raising deposits from Apple Card customers and related to businesses that have been exited.”

Annual report 2025A · The company itself

“ARK fortsatte å utvikle sin markedsposisjon som den største aktøren i bok- og netthandelen med butikker over hele landet, og et stadig bedre og større utvalg av bøker og andre varer i netthandelen.”

Annual report 2024A · The company itself

“ARK er Norges største bokhandelkjede med et nettverk av fysiske butikker og nettbokhandel. I 2025 forventer vi bedret inntektsvekst og styrkede posisjoner som følge av flere målrettede tiltak for å skape bedre effekt av kampanjer, tilpasse distribusjonen, effektivisere innkjøp og redusere kostnader.”

Annual report 2024A · The company itself

“Handel og markedsplasser består av ledende handelskonsepter som markedsfører, distribuerer og selger innhold i ulike formater og andre varer. Forretningsområdet består av ARK Bokhandel og Forlagssentralen.”

Annual report 2024A · The company itself

“ARK har 155 butikker over hele landet som sammen med netthandel har mer enn 50 millioner besøk årlig, dette bidrar til at ARK er den største videreselgeren av bøker i Norge.”

Annual report 2024A · The company itself

“For forlagene utgjør bokhandelkjedene, Biblioteksentralen, strømmetjenestene og norske kommuner hovedtyngden av kundene. Risikoen for tap er redusert ved at det gjennom Den norske Forleggerforening utøves betalings- og kredittkontroll av bokhandelen. Samtlige bokhandlere må stille med bank- eller konserngaranti tilsvarende 30 % av kredittgrensen hos Forleggerforeningen.”

Annual report 2024A · The company itself

“Forbrukere og sluttbrukere for Gyldendal inkluderer et bredt spekter av ulike grupper, fra lesere og lyttere, elever, studenter, lærere og utdanningsinstitusjoner, til brukere av våre digitale tjenester, kunder i netthandel og bokhandlere, samt kunder av vår distribusjonsvirksomhet.”

Annual report 2024A · The company itself

“partnering with contractors, developers, volume housebuilders, and builders’ merchants”

Annual report 2025A · The company itself

“We are a leading European provider of wall-building solutions and materials, partnering with contractors, developers, volume housebuilders, and builders’ merchants.”

Annual report 2025A · The company itself

“Kunder Vores kunder er supermarkedskæder og andre virksomheder i detailhandlen samt fødeog drikkevarevirksomheder.”

Annual report 2026A · The company itself

“Strategi Øge væksten Vi vil fastholde og udbygge vores veletablerede position og være det foretrukne valg i prisstarter-segmentet i Danmark.”

Annual report 2026A · The company itself

“Harboes drikkevarer sælges og markedsføres i vid udstrækning til de store kunder i detailhandlen i Danmark og Tyskland, til den dansk-tyske grænsehandel samt på udvalgte markeder i Europa, Afrika, Americas og Asien.”

Annual report 2026A · The company itself

“Salget af Hyper Malt ud af butikkerne er steget med mere end 50% over de seneste 12 måneder, og Harboe har indgået en helt ny aftale med et af regionens største detailnetværk.”

Annual report 2026A · The company itself

“Danmark og Tyskland Detailhandlen har gennem de senere år gennemgået en løbende konsolidering – især blandt kæderne i prisstartersegmentet, som fortsat øger sin relative andel af den samlede detailhandel. Det er særligt i prisstartersegmentet, at Harboes produkter er eksponeret.”

Annual report 2026A · The company itself

“Væksten i Danmark var drevet af øget distribution og produktlanceringer, og Harboe er repræsenteret i næsten hele den danske detailhandel.”

Annual report 2026A · The company itself

“Risikoforhold Risici Forebyggende foranstaltninger Markedet for øl og læskedrikke er på samtlige koncernens markeder præget af en intensiv konkurrence, og kunderne er oftest store supermarkedskæder med betydelig forhandlingskraft.”

Annual report 2026A · The company itself

“Harvia aims to develop its channel strategy and the Group-level sales and customer service capabilities to drive synergies and cross-sell opportunities.”

Annual report 2025A · The company itself

“Harvia’s leading market position, strong brands, and business model create a solid foundation for the company to lead the sauna market also in the future – demonstrating growth, strong margins, and increasing dividends. • Harvia’s business model is very capital ecient due to typically low investment needs as well as ecient and flexible production processes. • Harvia demonstrates robust operational eciency, supported by unified processes and modern production facilities. • Key elements in ecient operations include advanced sales & operations planning, global sourcing strategy, automating operations, as well as agile transportation network. • Sustainability across the supply chain is one of the key focus areas. • Harvia serves a large and diverse customer base in nearly 100 countries, including sauna specialist stores, retail stores, wholesalers, sauna integrators and sauna builders, DIY chains as well as renovation and construction companies.”

Annual report 2025A · The company itself

“Our products are sold globally to a broad spectrum of customers, including mass-market retailers, distributors, wholesalers, discount stores, specialty hobby stores, drug stores, mail order houses, catalog stores, department stores and other traditional retailers, large and small, as well as ecommerce retailers and direct-to-customer through our fan-focused Hasbro Direct business.”

Annual report 2025A · The company itself

“Henry Schein, Inc. is a solutions company for health care professionals powered by a network of people and technology. We believe we are the world’s largest provider of health care products and services primarily to officebased dental and medical practitioners, as well as alternate sites of care. We serve more than one million customers worldwide including dental practitioners, laboratories, physician practices and ambulatory surgery centers, as well as government, institutional health care clinics, home health providers, and other alternate care clinics.”

Annual report 2025A · The company itself

“Principal Customers and Marketing Strategy Our customers are mainly wholesale distributors, chain grocery stores, mass merchandisers, chain drug stores, vending companies, wholesale clubs, convenience stores, dollar stores, concessionaires, and department stores.”

Annual report 2025A · The company itself

“In 2025, approximately 27% of our consolidated net sales were made to McLane Company, Inc., one of the largest wholesale distributors in the United States (“U.S.”) to convenience stores, drug stores, wholesale clubs and mass merchandisers and the primary distributor of our products to Wal-Mart Stores, Inc.”

Annual report 2025A · The company itself

“Hiab tavoittelee kannattavaa kasvua keskeisillä toimialoilla kuten rakentamisessa, jätehuollossa ja kierrätyksessä, puolustuslogistiikassa sekä vähittäiskaupassa ja viimeisen kilometrin toimituksissa.”

Annual report 2025A · The company itself

“Business Overview Hilton is one of the largest global hospitality companies, with 9,158 properties comprising 1,351,351 rooms in 143 countries and territories as of December 31, 2025.”

Annual report 2025A · The company itself

“Syyskuussa 2024 HKFoods päätti merkittävästä, noin viiden miljoonan euron strategisesta investoinnista Vantaan yksikkönsä ateriatuotantoon. Tuotteiden valmistus Vantaan uudella ateriatuotantolinjalla käynnistyi vuoden 2025 kolmannella neljänneksellä. Vantaan investoinnilla vastataan valmisaterioiden kasvavaan kysyntään vähittäiskaupassa ja food service -sektorilla.”

Annual report 2025A · The company itself

“Vähittäiskaupassa myynti oli vertailukauden tasolla. HKFoodsin omien brändien ja erityisesti HK®- ja Kariniemen®-brändien sianliha- ja siipikarjatuotteiden myynti kehittyi myönteisesti vähittäiskaupassa.”

Annual report 2025A · The company itself

“Vuonna 2025 HKFoodsin myyntikanavista vähittäiskaupan osuus oli 63 (63) prosenttia, food servicen osuus 19 (18) prosenttia, teollisuusmyynnin osuus 4 (6) prosenttia ja viennin 14 (13) prosenttia.”

Annual report 2025A · The company itself

“Sen asiakkaita ovat vähittäiskauppa-, food service-, teollisuus- ja vientisektorit.”

Annual report 2025A · The company itself

“Suomen liiketoimintayksiköllä on kaksi asiakasta, joille myynti ylittää 10 % konsernin liikevaihdosta. Näille asiakkaille myynti on yli puolet konsernin liikevaihdosta.”

Annual report 2025A · The company itself

“Kunderna finns i första hand bland konverterare, grossister, varumärkesägare, förlag och tryckerier.”

Annual report 2024A · The company itself

“INTRODUCTION The Home Depot, Inc. is the world’s largest home improvement retailer based on net sales for fiscal 2025. We offer our customers a wide assortment of home improvement products, building materials, lawn and garden products, décor products, and facilities MRO products, in stores and online.”

Annual report 2026A · The company itself

“Retail The Retail segment consists primarily of the processing, marketing, and sale of food products sold predominantly in retail channels, including grocery stores, mass merchandisers, club stores, natural food chains, drug, dollar and discount chains, and e-commerce providers in the United States (U.S.).”

Annual report 2025A · The company itself

“Sales to the Company’s largest customer, Walmart Inc. and its subsidiaries (Walmart), accounted for 15.6 percent of consolidated gross sales less returns and allowances during fiscal 2025.”

Annual report 2025A · The company itself

“Sales to the Company's largest customer, Walmart, accounted for approximately 16 percent of consolidated gross sales less returns and allowances during fiscal 2025.”

Annual report 2025A · The company itself

“It also includes Original Equipment Manufacturer (“OEM”) hardware and solutions. •Home Printing Solutions delivers innovative and security enhanced printing products, supplies, services and solutions for the home, home business and micro business customers. •Graphics Solutions delivers large-format, commercial and industrial solutions and supplies to print service providers and packaging converters through a wide portfolio of printers and presses. •3D Printing & Personalization offers a portfolio of additive manufacturing solutions and supplies to help customers succeed in their additive and digital manufacturing journey.”

Annual report 2025A · The company itself

“Table of Contents The majority of our overall revenue is made through channel resellers, however, the mix of our revenue generation conducted by direct sales or channel sales differs by business and geographic market.”

Annual report 2025A · The company itself

“If we fail to manage the distribution of our products and services properly, our business and financial performance could suffer. We use a variety of distribution methods to sell our products and services around the world, including third-party resellers and distributors and both direct and indirect sales to enterprise accounts and consumers. Successfully managing our global, multi-tier distribution network including the interaction of our direct sales and indirect channel sales efforts to reach potential customer segments for our products and services is a complex process.”

Annual report 2025A · The company itself

“Customers We have an extensive customer base of distributors, wholesalers, electric utilities, OEMs, electrical contractors, telecommunications companies and retail and hardware outlets. We are not dependent on a single customer, however, our top ten customers account for approximately 42% of our Net sales.”

Annual report 2025A · The company itself

“Huhtamaki’s customer base is varied, and contains among others food, beverage, and petfood companies, quick service and fast casual restaurants, foodservice operators, fresh produce packers and retailers, as well as customers in the home and personal care, industrial, FMCG, and healthcare segments.”

Annual report 2025A · The company itself

“Within the downstream value chain, the majority of Huhtamaki’s products serve the needs of food, beverage, and petfood companies, quick service and fast casual restaurants, foodservice operators, fresh produce packers and retailers, as well as customers in the home and personal care, industrial, FMCG, and healthcare segments.”

Annual report 2025A · The company itself

“Koncernens intäktsströmmar består primärt av försäljning av snabbrörliga konsumentprodukter i form av färdiga handelsvaror såsom hälsosammare livsmedel i form av konfektyr, snacks, bars, dryck och högkvalitativa sportnutritionsprodukter samt hygienartiklar, hem- och hushållsprodukter med en hållbarhetsprofil.”

Annual report 2024A · The company itself

“Miss - lyckas uppbyggandet eller underhållet av relationerna till viktiga detaljhandlare kan det ha en betydande negativ effekt på volymer och lönsamhet. Omvänt gäller att, om dessa kundre - lationer underhålls framgångsrikt kan det leda till ökat beroende av färre kunder, och därmed också ökade kundfordringar och kreditrisker kopplade till dessa kunder.”

Annual report 2024A · The company itself

“Återförsäljarekanalen har, under många år, varit under press från andra försäljningskanaler (främst detaljhandel och online).”

Annual report 2024A · The company itself

“Vårt starka konsumentfokus och vår omnichannel-strategi är centrala delar i vår tillväxtstrategi. Vi fortsätter att nyttja dessa styrkor för att utöka vår närvaro både digitalt och i fysiska butiker. Våra partnerskap med detaljhandlare, både i Europa och i USA, är lika avgörande som vårt fokus på e-handel.”

Annual report 2024A · The company itself

“Marknader Segment med tvåsiffrig tillväxtpotential Motoriserade gräsklippare Robotgräsklippare & batteridrivna produkter Handhållna maskiner för utomhusbruk Bevattning Smarta system för bevattning Handverktyg för trädgården Betongsågning & borrning Betongytor & golv Segment med stor tillväxtpotential Distributionskanaler och säsongsvariationer Kunder och distribution Husqvarna Group säljer skogs-, grönyte- och trädgårdsprodukter samt tjänster till cirka 25 000 fackhandlare och ledande detaljhandlare över hela världen, såväl som direkt till slutanvändare.”

Annual report 2024A · The company itself

“Detaljhandeln representerar knappt hälften av marknadsvärdet och säljer produkter ur låg- och mellanprissegmenten.”

Annual report 2024A · The company itself

“Koncernens produkter och lösningar säljs främst under de globala varumärkena Husqvarna och Gardena till konsumenter och professionella användare i mer än 100 länder som nås genom direktförsäljning, återförsäljare och detaljhandlare.”

Annual report 2024A · The company itself

“större detaljhandlare marknadsför också produkter under sitt egna varumärke. Detaljhandlarna erbjuder Husqvarna Group möjligheten att förevisa sina produkter i fler butiker i ett större geografiskt område.”

Annual report 2024A · The company itself

“The Logistics segment represents around 0.5% of the Group’s total revenue, profit or loss and assets. The Group has decided that the segment is not material to the Group for the periods ended 31 December 2024 and 31 December 2023, and has reported information as one combined segment.”

Annual report 2024A · The company itself

“Our global network of deep sea trades positions us as a reliable partner for both global car manufacturers and shippers of used vehicles.”

Annual report 2024A · 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

“This segment primarily serves the food service, food retail and food institutional/restaurant markets.”

Annual report 2025A · 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

“The percentages of total revenue for customers that represent 10% or more of total revenue was as follows: Years Ended December 31, 2025 2024 2023 Distributor A 27% 28% 28% Distributor B 26% 26% 24% Distributor C 25% 21% 19% Our sales and marketing efforts are focused on customer acquisition and retention to meet user, clinician, and payor demands for our Omnipod products.”

Annual report 2025A · The company itself

“In addition to promoting, marketing, and selling Omnipod products through our own direct sales force, we utilize intermediaries to distribute our product. If our intermediaries are unwilling or unable to market and sell our products, do not devote adequate resources or support to generate awareness of our products and grow product sales, or if they do not perform to our expectations, we could experience delayed or reduced market acceptance and sales of our products, which would adversely affect our business, revenue, financial condition, and results of operations.”

Annual report 2025A · The company itself

“Intermediaries include independent distributors who resell Omnipod products to end-users and wholesalers who sell the Company’s product to end-users through the pharmacy channel in the United States.”

Annual report 2025A · The company itself

“We market and sell our products through a combination of direct sales through our global sales organization and indirect channels, including distributors, resellers, retailers and OEM partners.”

Annual report 2025A · The company itself

“In our Client Computing Group (CCG) business, we are enabling AI capabilities across PCs, workstations and edge devices, supported by deep ecosystem partnerships.”

Annual report 2025A · The company itself

“CCG Overview CCG delivers platforms and processors that power PCs and edge devices, enabling enhanced performance, connectivity and user experiences for consumer and commercial markets, with capabilities that also support retail, industrial robotics and AI ecosystems at the edge. Our direct customers include distributors and OEMs that design and sell PCs and related devices.”

Annual report 2025A · The company itself

“We offer versions of our client CPUs, including both Intel Core and Intel Core Ultra processors, to customers for various edge computing applications across a range of industries, including manufacturing, healthcare, retail and education.”

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

“Regulation of our Securities Business •In our cash equities and options markets, NYSE, NYSE Arca, NYSE American, NYSE National and NYSE Texas are national securities exchanges and, as such, are SROs and subject to oversight by the SEC. Accordingly, our U.S. securities exchanges are regulated by the SEC and, in turn, are the regulators of their members. As national securities exchanges, NYSE, NYSE Arca, NYSE American, NYSE National and NYSE Texas must comply with, and enforce compliance by their members with, the Securities Exchange Act of 1934, or the Exchange Act.”

Annual report 2025A · The company itself

“Home & Personal Care produces enzymes for laundry and dishwashing detergents, cleaning and textiles to help enhance the product and process performance of products in the fabric and home care, textiles and industrials and personal care markets.”

Annual report 2025A · The company itself

“Our consumer fragrances include three end-use categories of products: •Fabric Care, including laundry detergents, fabric softeners and specialty laundry products; •Home Care, including household cleaners, dishwashing detergents and air fresheners; and •Body Care, including personal wash, hair care and toiletries products.”

Annual report 2025A · The company itself

“We produce renewable fiber-based packaging solutions, primarily servicing industrial consumer goods and e-commerce markets.”

Annual report 2025A · The company itself

“Intrum har cirka 70000 uppdragsgivare på 20 marknader som täcker fordringar inom bank och finansinstitut, telekom, allmännyttiga företag, e-handel, detaljhandel, försäkring och små och medelstora företag.”

Annual report 2024A · The company itself

“Our customers place orders to replenish their supplies of instruments and accessories on a regular basis. Orders received are typically shipped within one business day.”

Annual report 2025A · The company itself

“Our retail products are primarily distributed through third-party financial intermediaries, including major wirehouses, direct wealth platforms, regional broker-dealers, insurance companies, banks and financial planners in the Americas, and independent brokers and financial advisors, banks and direct wealth platforms in EMEA and APAC.”

Annual report 2025A · The company itself

“We sell substantially all of our retail investment products through a variety of third-party financial intermediaries.”

Annual report 2025A · The company itself

“Fristads inom Hultafors Group har lanserat ett koncept för insamling och återanvändning av arbetskläder för specifika kunder, och Swegon har etablerat partnerskapet RE:create, för att tillsammans med stora fastighetsbolag diskutera effektiva lösningar för ett cirkulärt flöde av en fastighets tekniska installationer.”

Annual report 2024A · The company itself

“Ett ledande globalt vitvaruföretag med nytänkande kring upplevelser inom smak, klädvård och välbefinnande.”

Annual report 2022A · The company itself

“Changes in our relationships with significant customers, including the loss of our largest customer, could adversely affect our results of operations. Sales to Walmart Inc. and subsidiaries, including Sam’s Club, amounted to 34 percent of net sales in 2026.”

Annual report 2026A · The company itself

“During 2026, our top 10 customers, collectively, accounted for approximately 60 percent of consolidated net sales.”

Annual report 2026A · The company itself

“Our customers are generally not contractually obligated to purchase from us as we do not have long-term supply contracts with any of our major customers. These customers make purchase decisions based on a combination of price, promotional support, product quality, consumer demand, customer service performance, their desired inventory levels, and other factors.”

Annual report 2026A · The company itself

“Retail Pet Foods Columbus, Georgia (A) Sweet baked goods Sweet Baked Snacks Decatur, Alabama Cat food U.S. Retail Pet Foods Emporia, Kansas Sweet baked goods Sweet Baked Snacks Grandview, Washington Fruit U.S. Retail Frozen Handheld and Spreads Indianapolis, Indiana (B) Sweet baked goods Sweet Baked Snacks Lexington, Kentucky Peanut butter U.S.”

Annual report 2026A · The company itself

“Retail Frozen Handheld and Spreads New Orleans, Louisiana (four facilities) (C) Coffee U.S. Retail Coffee Orrville, Ohio Fruit spreads, toppings, and syrups U.S.”

Annual report 2026A · The company itself

“Detail 9 % (2024: 9 %)”

Annual report 2025A · The company itself

“erhvervskunder i detaillejemål og privatkunder i boliglejemål”

Annual report 2025A · The company itself

“Målt på værdien er   kontorejendomme,   er detailejendomme,   er boligejendomme og   er øvrige ejendomme, herunder parkeringsanlæg og to hoteller.   af ejendomsporteføljen er beliggende i Region Hovedstaden.”

Annual report 2025A · The company itself

“ har budt på en god fremvisningsaktivitet, hvor Jeudans muligheder for at møde kundernes forventninger med fleksible vilkår uden binding og med mulighed for med kort frist at flye internt i Jeudan har ha en positiv effekt. Et højt serviceniveau, centralt beliggende kontorlokaler, gode parkeringsmuligheder og fleksible kontrakter uden binding og en kapitalstærk dansk udlejer står fortsat højt på kundernes ønskeliste.”

Annual report 2025A · The company itself

“I Jeudan betragtes alle som kunder og altså ikke blot som lejere i et lejemål. Igennem et helkundekoncept samles alle Jeudans produkter, lejemål og serviceydelser i ét koncept, der møder kundernes behov.”

Annual report 2025A · The company itself

“Jeudans væsentligste kundesegmenter er: erhvervskunder i kontorlejemål, erhvervskunder i detaillejemål og privatkunder i boliglejemål.”

Annual report 2025A · The company itself

“Segmentet ”Investeringsejendomme” omfatter investering i og udlejning af kontor-, bolig-, detail- og øvrige ejendomme primært i København og på Frederiksberg.”

Annual report 2025A · The company itself

“En annan del i projektutveckling är kommersiella fastigheter, som kontorslokaler samt vård- och omsorgsboenden. I JMs bostadsfastigheter inreds ofta entréplanen med lokaler för exempelvis butiker och restauranger, som bidrar till levande miljöer och bostadskvarter.”

Annual report 2024A · The company itself

“Medicines in this segment are distributed directly to retailers, wholesalers, distributors, hospitals and healthcare professionals for prescription use.”

Annual report 2025A · The company itself

“Kamuxin tavoitteena on olla Euroopan ystävällisin, helpoin ja luotettavin käytettyjen autojen jälleenmyyjä, ja asiakastyytyväisyys on yksi sen tärkeimmistä suorituskykymittareista.”

Annual report 2024A · The company itself

“Kamuxin tavoitteena on kehittää jatkuvasti toimintaansa siten, että sen palvelu vastaa asiakkaiden toiveita.”

Annual report 2024A · The company itself

“Kamuxin asiakaspalvelu- ja asiakastyytyväisyysstrategia perustuu korkealaatuisten kunnostettujen käytettyjen autojen tarjoamiseen. Auton mahdolliset tiedossa olevat viat tuodaan asiakkaan tietoon myyntiprosessin aikana.”

Annual report 2024A · The company itself

“Asiakastyytyväisyyttä mitataan jatkuvasti suositteluasteen (NPS) avulla. Myös Kamuxin myyntihenkilöstön myymälässä ja verkossa tekemä päivittäinen työ on tärkeä osa asiakasyhteistyötä, jota yhtiö pyrkii parantamaan säännöllisillä koulutuksilla.”

Annual report 2024A · The company itself

“Kamux on käytettyihin autoihin sekä niihin liittyviin palveluihin erikoistunut asiakaslähtöinen vähittäiskaupan ketju.”

Annual report 2024A · The company itself

“Kamuxin liiketoiminta perustuu autoliikkeiden ja verkon yhdistelmään sekä käytettyjen autojen ammattimaiseen hankintaan, alhaisiin kiinteisiin kuluihin, nopeaan varastonkiertoon ja integroitujen palvelujen myyntiin. Kamuxin liiketoimintamalli mahdollistaa autojen myynnin edulliseen hintaan.”

Annual report 2024A · The company itself

“Our portfolio includes Self Care, Skin Health and Beauty, and Essential Health products, allowing us to connect with consumers across North America, Asia Pacific (“APAC”), Europe, Middle East, and Africa (“EMEA”), and Latin America (“LATAM”) in their daily rituals and the moments that matter most.”

Annual report 2025A · The company itself

“Our products are sold in a highly competitive global marketplace, which, in recent years, has experienced increased retail trade concentration, the emergence of retail buying alliances, including the consolidation of bargaining strength across multiple partners, the rapid growth of e-commerce, the rise of agentic shopping, and the integration of traditional and digital operations at key customers. As a result of these trends, certain large-format customers and customer alliances have significant bargaining strength and represent a significant proportion of our total Net sales.”

Annual report 2025A · The company itself

“K Group grocery stores gained market share in July- December by 0.2 percentage points, and in the final quarter by 0.5 percentage points (PTY).”

Annual report 2025A · The company itself

“Net sales for the grocery trade division increased by 1.0%. Sales to K Group grocery store chains grew by 1.9%.”

Annual report 2025A · The company itself

“In grocery trade, B2C trade is estimated to pick up and the foodservice business to remain stable.”

Annual report 2025A · The company itself

“Kesko’s wholesale to retailers accounted for 43% (45%) of the Group’s net sales in 2025. B2B trade accounted for 41% (37%) of the Group’s net sales in 2025.”

Annual report 2025A · The company itself

“CUSTOMERS We primarily serve the following types of customers: Retailers Retailers include supermarkets, hypermarkets, mass merchandisers, club stores, e-commerce retailers, office superstores, vending machines, fountains, grocery and drug stores, convenience stores, and other small outlets. Retailers purchase finished beverages, K-Cup pods, appliances, and accessories directly from us.”

Annual report 2025A · The company itself

“Our largest retailer, Walmart, represented approximately 16% of our consolidated net sales in 2025. Net sales to Walmart are included in all reportable segments.”

Annual report 2025A · The company itself

“•Increases in our cost of employee benefits in the future could reduce our profitability. •We negotiate with our suppliers to optimize our terms and conditions, including payment terms, and reductions in our payment terms with our suppliers could adversely affect our liquidity. •An impairment of the value of our goodwill and other indefinite lived intangible assets could have a material adverse effect on our financial statements. •We depend on third-party bottling and distribution companies for a significant portion of our business. •Changes in the retail landscape or in sales to any key customer can adversely affect our business. •Failure to maintain strategic relationships with brand owners and private label brands could adversely impact our future growth and business, potentially resulting in the termination of those agreements.”

Annual report 2025A · The company itself

“The retail industry is experiencing continued consolidation of ownership and purchasing power, resulting in large retailers or buying groups with increased purchasing power, which impacts our ability to compete. Retailers may seek lower prices from us, may demand increased marketing or promotional expenditures in support of their businesses, and may be more likely to use their distribution networks to introduce and develop private-label brands, any of which could negatively affect our profitability.”

Annual report 2025A · The company itself

“Branded product sales, which include LRBs, K-Cup pods, appliances, and other, occur once control is transferred upon delivery to the customer.”

Annual report 2025A · The company itself

“Walmart is a major customer as described in Note 9. As of December 31, 2025 and 2024, Walmart accounted for approximately $186 million and $205 million of trade receivables, respectively, which exceeded 10% of our total trade accounts receivable.”

Annual report 2025A · The company itself

“In 2024, the Group managed approximately 10,000 SKUs.”

Annual report 2024A · The company itself

“Kid ASA (listed on the Oslo Stock Exchange under the ticker symbol KID) offers a full range of home and interior products through Kid Interior in Norway with 158 stores, and under the Hemtex brand in Sweden, Finland and Estonia with 119 stores as well as 11 franchise stores.”

Annual report 2024A · The company itself

“Distribution and Customers Our essential products for household use are sold directly to supermarkets, mass merchandisers, drugstores, warehouse clubs, variety and department stores and other retail outlets, as well as through other distributors and e-commerce.”

Annual report 2025A · The company itself

“Our products are sold in a highly competitive global marketplace, which continues to experience increased concentration and the growing presence of large-format retailers, discounters and e-tailers. With the consolidation of retail trade, both traditional retailers and e-tailers, we are dependent on key customers, and some of these customers, including large-format retailers and large e-tailers, may have significant bargaining power. They may use this leverage to demand higher trade discounts or allowances which could lead to reduced profitability.”

Annual report 2025A · The company itself

“Business Overview The Company is the leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States.”

Annual report 2025A · The company itself

“The Company began to expand its operations through the development of real estate and the construction of shopping centers but revised its growth strategy to focus on the acquisition and redevelopment of existing shopping centers that include a grocery component. Additionally, the Company has developed, and continues to develop, various residential and mixed-use operating properties, as well as obtain entitlements to embark on additional projects of this nature through re-development opportunities.”

Annual report 2025A · The company itself

“The Company's open-air shopping centers are usually "anchored" by a grocery store, home improvement center, off-price retailer, discounter or service-oriented tenant. As one of the original participants in the growth of the shopping center industry and the nation's largest owner and operator of shopping centers, the Company has established close relationships with a large number of major national and regional retailers.”

Annual report 2025A · The company itself

“As of December 31, 2025, no single open-air shopping center accounted for more than 1.2% of the Company's annualized base rental revenues, including the proportionate share of base rental revenues from properties in which the Company has less than a 100% economic interest, or more than 1.3% of the Company’s total shopping center GLA. At December 31, 2025, the Company’s five largest tenants were The TJX Companies, Ross Stores, Burlington Stores, Inc., Amazon/Whole Foods Market, and Albertsons Companies, Inc., which represented 3.8%, 1.9%, 1.8%, 1.8% and 1.7%, respectively, of the Company’s annualized base rental revenues, including the proportionate share of annualized base rental revenues from properties in which the Company has less than a 100% economic interest.”

Annual report 2025A · The company itself

“Global Atlantic uses third-party intermediaries to distribute its retirement and preneed business products to individuals. Global Atlantic’s distribution partners are not captive and may sell retirement and life insurance products of Global Atlantic’s competitors.”

Annual report 2025A · The company itself

“Koskisen does not tolerate deforestation in its supply chain.”

Annual report 2025A · The company itself

“Our Company is built on the foundation of our retail grocery business, which includes the added convenience of our retail pharmacies and fuel centers.”

Annual report 2026A · The company itself

“As of January 31, 2026, Kroger operated, either directly or through its subsidiaries, 2,697 supermarkets, of which 2,250 had pharmacies and 1,731 had fuel centers.”

Annual report 2026A · The company itself

“Our retail business generates traffic and data which accelerates growth in our high operating margin alternative profit businesses, like retail media.”

Annual report 2026A · The company itself

“other important customer groups include passengers, shops and restaurants in the shopping centre, and tenants”

Annual report 2025A · The company itself

“Driven by higher sales of food, beverages and convenience store items, total non-aeronautical revenue rose by 8% to DKK 2,160 million in 2025.”

Annual report 2025A · The company itself

“In addition to the airlines, other important customer groups include passengers, shops and restaurants in the shopping centre, and tenants. These relationships are managed and regulated through daily collaboration, concession and lease agreements, and sales and marketing activities.”

Annual report 2025A · The company itself

“Verksamheten är uppdelad i projektförsäljning, representerad av varumärkena BCI och Schulz Speyer, samt e-handelsförsäljning under varumärket Eurobib Direct. Denna struktur möjliggör en effektiv anpassning till olika marknader och kundbehov.”

Annual report 2024A · The company itself

“(“LVSC,” or together with its subsidiaries “we” or the “Company”) is a Fortune 500 company and the leading global developer and operator of destination properties (“Integrated Resorts”) that feature premium accommodations, world-class gaming, entertainment and retail malls, convention and exhibition facilities, celebrity chef restaurants and other amenities.”

Annual report 2025A · The company itself

“Our retail malls feature a diverse mix of retail tenants that we believe contribute to increased visitation to our properties and provide a customer amenity that complements our other product and service offerings.”

Annual report 2025A · The company itself

“Retail Mall Operations We own and operate retail malls at our Integrated Resorts at The Venetian Macao, The Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Macao and Marina Bay Sands. We currently own approximately 2.9 million square feet of gross retail space.”

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

“We manufacture and market a broad range of heat pumps, furnaces, air conditioners, 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.”

Annual report 2025A · The company itself

“The “Lennox” business and brands (“Dave Lennox Signature Collection,” “Elite Series,” “Merit Series,” “iComfort,” “ComfortSense” and “Healthy Climate Solutions”) are sold directly to independent installing dealers, making us one of the 1 largest wholesale distributors of residential heating, ventilation, and air conditioning products in North America.”

Annual report 2025A · The company itself

“National Account Services (“NAS”) provides installation, service and preventive maintenance for commercial HVAC national account customers in the U.S. and Canada.”

Annual report 2025A · The company itself

“These products preserve food and other perishables in supermarkets, convenience stores, restaurants, warehouses and distribution centers.”

Annual report 2025A · The company itself

“Segment Products or Services Markets Served Geographic Areas Home Comfort Solutions Furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, replacement parts and supplies Residential Replacement; Residential New Construction United States Canada Building Climate Solutions Unitary heating and air conditioning equipment, applied systems, controls, installation and service of commercial heating and cooling equipment, variable refrigerant flow commercial products, curb, curb adapters, drop box diffusers, HVAC recycling and salvage service, condensing units, unit coolers, fluid coolers, air cooled condensers, air handlers, process chillers, controls, compressorized racks, replacement parts and supplies Light Commercial; Food Preservation; Non-Food Industry United States Canada Prior to January 1, 2023, we operated in three reportable business segments.”

Annual report 2025A · The company itself

“Denna verksamhet utgörs av affärsområdet Dental och bolagen inom division kontraktstillverkning som producerar medicintekniska produkter. av omsättningen kommer från hållbarhetsrelaterade produkter och tjänster av omsättningen bidrar till FN:s globala mål 3 49,5% 28,4% Introduktion Medarbetare Intressentdialoger Styrning Policyer Kärnvärden Taxonomin Lifcos verksamhet Merparten av de produkter som Lifco säljer är verktyg, instrument, maskiner och tillbehör som används av andra industriföretag i deras verksamhet samt förbrukningsvaror och utrustning som används av tandläkarkliniker. Lifcos dotterbolag karaktäriseras av stark specialisering samt hög produktkvalitet och servicenivå vilket kräver goda arbetsmiljöer och arbetsvillkor. Affärsområdena Demolition & Tools och Systems Solutions, som tillsammans svarar för 76% av koncernens omsättning, utför i huvudsak sammansättning av inköpta komponenter till färdiga slutprodukter.”

Annual report 2024A · The company itself

“Mobile marketing, on the other hand, represents a smaller share of LINK’s revenue, accounting for around 20%. While digital messaging has long been a key tool for major retailers, the rise of richer messaging channels like RCS and WhatsApp ”offering higher engagement and click-through rates” is now driving increased adoption among smaller retailers across Europe.”

Annual report 2024A · The company itself

“Retail and E-commerce Need Speed, Personalization, and 1:1 Engagement In retail and e-commerce, speed and accessibility are everything. Tighter margins and fierce competition are driving brands to move beyond traditional advertising, shifting towards direct, permission-based communication via SMS, RCS, Chat apps, email, and social media.”

Annual report 2024A · The company itself

“Net Real Solutions, founded in 2001, specializes in SMS marketing, email marketing, and voice services, catering to sectors such as finance, retail, technology, and services, among others.”

Annual report 2024A · 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

“Vår verksamhet bygger på toppmodern teknologi och våra logistiksystem, kontanthanteringstjänster och internationella lösningar skräddarsys för behoven hos finansiella institutioner, detaljhandelsföretag och andra kunder.”

Annual report 2024A · The company itself

“Säker och effektiv transport av kontanter och värdeföremål med intelligenta logistiksystem till och från centralbanker, finansiella institutioner, butiker och restauranger och andra företag.”

Annual report 2024A · The company itself

“Loomis traditionella tjänster riktar sig huvudsakligen till centralbanker, kommersiella banker, detaljhandel, andra kommersiella affärsverksamheter samt till den offentliga sektorn.”

Annual report 2024A · The company itself

“In-Store Our 1,759 Lowe’s-branded retail home improvement stores and outlet stores are generally open seven days per week and average approximately 112,000 square feet of retail selling space, plus approximately 32,000 square feet of outdoor garden center selling space.”

Annual report 2026A · The company itself

“Our retail stores and online focus on serving individual homeowners and renters completing a wide array of projects, that vary along the spectrum of DIY and do-it-for-me (DIFM). In addition, we focus on Pro customers that are primarily the small to medium sized Pro, which includes three broad categories: tradespeople, repair and remodelers, and property managers.”

Annual report 2026A · The company itself

“Other channels: We also use certain other distribution channels, generally with the goal of building brand awareness and providing broader access to our products. These other channels include: •Temporary locations - Our seasonal stores and pop-ups are typically opened for a short period of time, enabling us to serve guests during peak shopping periods in markets where we do not ordinarily have a physical location, or to expand access in markets where we see high demand at our existing locations. •Wholesale - We sell to partners that offer convenient access for both core and new guests, including fitness studios, athletic organizations, corporate sales, university campus retailers, and other organizations that we partner with to sell co-branded lululemon products. •Outlets - We utilize outlets to sell slower moving inventory and inventory from prior seasons at discounted prices.”

Annual report 2026A · The company itself

“BUSINESS General lululemon athletica inc. is principally a designer, distributor, and retailer of technical athletic apparel, footwear, and accessories.”

Annual report 2026A · The company itself

“Location Number of Locations Arizona 69 California 974 Nevada 117 New Mexico 1 Oregon 1 Total 1,162 The following table sets forth details about our Refining & Marketing owned and operated terminals as of December 31, 2025.”

Annual report 2025A · The company itself

“The confidence indicator for retail trade also turned positive towards the end of 2025 and continued to improve in January. However, growth in retail sales has remained slow, and demand is sluggish in many areas. Nevertheless, sales expectations for the coming months are positive.”

Annual report 2025A · The company itself

“Store network Omnichannel retail sales, operated by the company itself or its partners, represents the core of Marimekko’s distribution strategy. It is complemented with selected physical and online retailers to gain scale and access to new customers.”

Annual report 2025A · The company itself

“Good store locations that cater to Marimekko’s target audience are essential for the company. The operations and efficiency of the store network are continuously assessed and developed.”

Annual report 2025A · The company itself

“In 2025, a total of 13 Marimekko stores or shop-in-shops, including the first ever flagship store in Paris, as well as 24 pop-up stores were opened. Most of the store openings and pop-up stores were located in Asia. Seven stores closed their doors.”

Annual report 2025A · The company itself

“Growth in retail sales Marimekko’s omnichannel retail sales in 2025 grew in all market areas and increased in total by 4 percent. Wholesale sales were also up in almost all market areas, and grew in total by 5 percent.”

Annual report 2025A · The company itself

“Marimekko’s omnichannel retail sales in 2025 grew in all market areas and increased in total by 4 percent.”

Annual report 2025A · The company itself

“Our hotel brands and other lodging offerings generally compete with regional, national, and international chains that operate lodging properties or franchise their brands, lodging properties that are not affiliated with a chain, and online platforms that allow travelers to book short-term rentals of homes and apartments.”

Annual report 2025A · The company itself

“This segment includes: ◦Victor Insurance Managers (Victor) serves as underwriting managers of professional liability, catastrophe and other specialty insurance programs worldwide. ◦Affinity focuses on insurance programs sold to insureds or vendors through a corporate sponsor using an affinity distribution model.”

Annual report 2025A · The company itself

“We create the best places to work and support our customers’ business with Martela Lifecycle solutions, which enable furniture and their related services to be integrated into a seamless whole.”

Annual report 2025A · The company itself

“Plumbing Products The businesses in our Plumbing Products segment sell a wide variety of products that are manufactured or sourced by us. •Our plumbing products include faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, shower drains, steam shower systems, water filtration systems, sinks and kitchen accessories. 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

“Our DELTA and MIROLIN® products are sold primarily to home center retailers in North America.”

Annual report 2025A · The company itself

“Our spas, exercise pools and saunas are sold worldwide to independent specialty retailers and distributors and our spas and saunas are also sold to online mass merchandisers.”

Annual report 2025A · The company itself

“•Included in our Plumbing Products segment are brass, copper and composite plumbing system components and other non-decorative plumbing products that are sold to plumbing, heating and hardware wholesalers, home center and online retailers, hardware stores, building supply outlets and other mass merchandisers.”

Annual report 2025A · The company itself

“Decorative Architectural Products Our Decorative Architectural Products segment primarily includes architectural coatings, including paints, primers, specialty coatings, stains and waterproofing products, as well as paint applicators and accessories. These products are sold primarily in North America as well as in South America under the brand names BEHR®, KILZ®, WHIZZ® and other trademarks to “do‑it‑yourself” and professional customers through home center retailers and other retailers.”

Annual report 2025A · The company itself

“Our BEHR products are sold through The Home Depot, our largest customer overall, as well as this segment’s largest customer. Our Behr business grants to The Home Depot Behr brand exclusivity in the retail sales channel in North America and exclusivity with respect to Kilz branded primer products in the home improvement big box retail sales channel and across online only mass market retail marketplaces in the United States and in the retail sales channel in Canada. The granting of exclusivity affects our ability to sell those products and brands to other customers, and the loss of this segment’s sales to The Home Depot would have a material adverse effect on this segment’s business and on our consolidated business as a whole.”

Annual report 2025A · The company itself

“Our Decorative Architectural Products segment includes branded cabinet and door hardware, functional hardware, hook and hook rail products, and outdoor living hardware, which are manufactured for us and sold to home center retailers, online retailers, other specialty retailers, original equipment manufacturers and wholesalers.”

Annual report 2025A · The company itself

“Decorative bath hardware, shower accessories and shower doors are sold under the brand names DELTA® and FRANKLIN BRASS® and other trademarks to home center retailers, mass retailers, online retailers, other specialty retailers and wholesalers.”

Annual report 2025A · The company itself

“We sell our products through home center retailers, online retailers, distributors, wholesalers and independent dealers and rely on these customers to market and promote our products to consumers. Our success with our customers is dependent on, among other things, our ability to provide quality products with desired features at acceptable prices with timely delivery and a high level of customer service.”

Annual report 2025A · The company itself

“Our sales are concentrated with three significant customers and this concentration may continue to increase. In 2025, our net sales to The Home Depot were $2.9 billion (approximately 38 percent of our consolidated net sales), and our net sales to Ferguson and Lowe’s were each less than 10 percent of our consolidated net sales.”

Annual report 2025A · The company itself

“In the retail industry, we believe a set of larger merchants with increasingly global scope and influence are having a significant impact on all participants in the global payments industry, including Mastercard. Some large merchants have supported the legal, regulatory and legislative challenges to interchange fees that Mastercard has been defending, including the U.S. merchant litigations.”

Annual report 2025A · The company itself

“This new service complements our existing cybersecurity intelligence, fraud scoring and defense functionalities. •In 2025, we launched Mastercard Commerce Media™, a new digital media network aimed at making advertising more personalized, relevant and effective. Mastercard Commerce Media helps advertisers provide tailored offers to the right consumer at the right time by using our proprietary spend insights as well as measuring the effectiveness of the advertisements.”

Annual report 2025A · The company itself

“We use our technologies and security protocols to develop solutions to make digital shopping and selling experiences, such as on smartphones and other connected devices (both online and in person), simpler, faster and more secure for consumers, businesses and merchants. We also offer products that make it easier for merchants to accept payments and expand their customer base. ◦Our contactless payment solutions help deliver a simple and intuitive way to pay.”

Annual report 2025A · The company itself

“Merchants’ continued focus on acceptance costs may lead to additional litigation and regulatory proceedings and/or increase our incentive program costs, which could materially and adversely affect our profitability. Merchants are important constituents in our payments system. We rely on both our relationships with them, as well as their relationships with our issuer and acquirer customers, to continue to expand the acceptance of our products and services.”

Annual report 2025A · The company itself

“64% of revenue for 2025/26 was generated by the physical stores”

Annual report 2026A · The company itself

“Wholesale accounted for 2% of revenue for the year”

Annual report 2026A · The company itself

“Cl oser to you We continued to invest in both our physical and digital presence. Across the Nordics, we opened and expanded stores, while also improving the online experience through faster delivery, stronger content and increased personalisation.”

Annual report 2026A · The company itself

“Performance by sales channel Physical stores grew revenue by DKK 102 million or 1.9% (0.6% currency neutral). Matas stores grew 1.2% (1.2% like-for-like) and KICKS stores declined 0.2% (0.1% decline like-for-like) currency neutral for full-year 2025/26, primarily driven in KICKS by lower traffic to shopping malls.”

Annual report 2026A · The company itself

“Strong omnichannel leadership position Through a combination of 500 stores and >30% of revenue from online, Matas Group is the Nordic leader in beauty and wellbeing.”

Annual report 2026A · The company itself

“Revenue split by Matas/KICKS/Other 2025/26, % Revenue split by channel 2025/26, % 37% 56% 7% Matas KICKS Other 3 34% 2% 64% Stores Online Wholesale Our business model Our business model Matas Group has a proven and scalable business model to deliver the best customer experience.”

Annual report 2026A · The company itself

“We manufacture, market, and distribute herbs, spices, seasoning mixes, condiments, and other flavorful products to the entire food and beverage industry: retailers, food manufacturers, and foodservice businesses.”

Annual report 2025A · The company itself

“Our customers span a variety of retailers that include grocery, mass merchandise, warehouse clubs, discount and drug stores, and e-commerce retailers, served directly and indirectly through distributors or wholesalers.”

Annual report 2025A · The company itself

“Sales to one of our Consumer segment customers, Wal-Mart Stores, Inc., accounted for consolidated sales of approximately 12% in 2025, 2024, and 2023.”

Annual report 2025A · The company itself

“Within U.S. Pharmaceutical, we have three primary pharmaceutical distribution customer channels: (i) retail national accounts, which include national and regional retail chains, food and drug combinations, mail order pharmacies, and mass merchandisers, (ii) community pharmacy and health, and (iii) institutional healthcare providers such as hospitals, health systems, integrated delivery networks, and long-term care providers.”

Annual report 2026A · The company itself

“Our pharmacy and patient solutions include: •Health Mart® – A national network of approximately 3,900 independently-owned pharmacies and one of the industry’s most comprehensive pharmacy franchise programs.”

Annual report 2026A · The company itself

“The wholesale business delivers products to retail pharmacies, hospitals, long-term care centers, clinics, and institutions in Canada through a national network of distribution centers and provides logistics and distribution services for manufacturers.”

Annual report 2026A · The company itself

“Our Canadian retail business operates approximately 2,600 independent pharmacies under five nationally recognized banners: IDA®, Guardian®, Remedy’sRx®, Proxim®, and Uniprix®.”

Annual report 2026A · The company itself

“North American Pharmaceutical North American Pharmaceutical revenues for the year ended March 31, 2026 increased $32.1 billion or 11% compared to the prior year. Within the segment, sales to U.S. pharmacies and healthcare providers increased $31.6 billion primarily due to higher volumes from retail national account customers, partially offset by branded to generic drug conversions and branded pharmaceutical price decreases.”

Annual report 2026A · The company itself

“Sales to our ten largest customers, including group purchasing organizations (“GPOs”), accounted for approximately 73% of total consolidated revenues in fiscal 2026 and comprised approximately 43% of total trade accounts receivable at March 31, 2026. Sales to our largest customer, CVS Health Corporation (“CVS”), accounted for approximately 24% of our total consolidated revenues in fiscal 2026 and comprised approximately 21% of total trade accounts receivable at March 31, 2026.”

Annual report 2026A · The company itself

“Affärsområdet fokuserar i huvudsak på grossistförsäljning och butiksverksamhet genom den välkända kedjan BilXtra.”

Annual report 2024A · The company itself

“Distribution The Company sells its human health pharmaceutical products primarily to drug wholesalers and retailers, hospitals, government agencies and managed health care providers, such as health maintenance organizations, pharmacy benefit managers and other institutions.”

Annual report 2025A · The company itself

“The U.S. provision for aggregate customer discounts covering chargebacks and rebates was $10.0 billion in 2025, $13.3 billion in 2024 and $12.5 billion in 2023. Chargebacks are discounts that occur when a contracted customer purchases through an intermediary wholesaler.”

Annual report 2025A · The company itself

“The majority of the Company’s accounts receivable arise from product sales in the U.S. and Europe and are primarily due from drug wholesalers, distributors and retailers, hospitals and government agencies.”

Annual report 2025A · The company itself

“The Company’s customers with the largest accounts receivable balances are: McKesson Corporation, Cencora, Inc. and Cardinal Health, Inc., which represented approximately 22%, 21% and 13%, respectively, of total accounts receivable at December 31, 2025.”

Annual report 2025A · The company itself

“Substantially all of our revenue is currently generated from marketers advertising on Facebook and Instagram.”

Annual report 2025A · The company itself

“A significant share of sales in the Aggregates business is carried out through distributors. The management and development of the global distributor network is the responsibility of a dedicated distribution management organization (DMO).”

Annual report 2025A · The company itself

“Metsä Group Annual Review 2025 1 Premium lightweight fresh fibre paperboards We focus on premium, lightweight paperboards made from renewable wood fibre. Fully recyclable, these paperboards are primarily used in consumer and retail packaging solutions.”

Annual report 2025A · The company itself

“Folding boxboard is mainly used in food and pharmaceutical packaging, while kraftliner is used in retail packaging.”

Annual report 2025A · The company itself

“Development of business operations Consumerboard (folding boxboard) In 2025, folding boxboard deliveries amounted to 890,000 tonnes (992,000), of which 59% (56) was delivered to Europe, 22% (24) to the Americas, and 19% (20) to developing markets.”

Annual report 2025A · The company itself

“Retail Weighing Solutions Supermarkets, hypermarkets, and other food retail businesses make use of multiple weighing and food labeling solutions for handling fresh goods (such as meats, vegetables, fruits, or cheeses). We offer weighing and software solutions, which can integrate counter, self-service, backroom, and checkout functions and can incorporate fresh goods item data into a supermarket’s overall food item and inventory management system. In addition, we offer weighing solutions for fast-growing areas like self-checkout and unmanned stores, as well as AI-driven image recognition solutions for fresh goods.”

Annual report 2025A · The company itself

“Table of Contents Customers and Distribution Our principal customers include companies in the following key end-markets: the life science industry (pharmaceutical and biotech companies, as well as independent research organizations and testing labs); food manufacturers; chemical, specialty chemicals, and cosmetics companies; the academic community; food retailers; the transportation and logistics industry; the metals industry; and the electronics industry.”

Annual report 2025A · The company itself

“Our business is dependent on distributors to service our end customers. Sales to distributors accounted for approximately 47% of our net sales in fiscal 2026 and approximately 45% of our net sales in fiscal 2025.”

Annual report 2026A · The company itself

“Thirty-five of our apartment communities reflected in the above schedule also include retail components.”

Annual report 2025A · The company itself

“Fokus på starkt sortiment och strategiska placeringar för Earth Control Earth Control är ett varumärke inom växtbaserade livsmedel med noga utvalda och naturliga produkter, såsom nötter, kärnor, torkad frukt och bär. Genom Earth Control har koncernen byggt upp en stark position inom kategorin hälsolivsmedel i Norden, med Danmark som den mest framstående marknaden.”

Annual report 2024A · The company itself

“Det är en väletablerad aktör inom produktion av rostade gryn och spannmål i egen produktionsenhet. Produkterna säljs främst i specialbutiker för ekologiska produkter och i dagligvaruhandeln.”

Annual report 2024A · The company itself

“Kunder är främst kedjor inom apoteks-, dagligvaru- och hälsofackhandel vilka även har konkurrerande produkter som säljs under egna varumärken, varför många kunder även i viss mån kan ses som konkurrenter.”

Annual report 2024A · The company itself

“För produktlinjen Solcellstak var nettoomsättningen 30 189 TSEK (43 230 TSEK) varav försäljning av paneler uppgick till 27 013 TSEK (29 599 TSEK) och solcellsinstallation 3 106 TSEK (13 579 TSEK).”

Annual report 2024A · The company itself

“Mips drivs som ett så kallat ingrediensvarumärke, vilket innebär att Mips säljer sina produkter och licensierar tillhörande teknologi till företag som i sin tur tillverkar, marknadsför och säljer färdiga hjälmar. Genom att arbeta som ett ingrediensvarumärke säljer eller marknadsför Mips inga egna hjälmar och saluför således inte sina produkter till slutanvändare. Flera av världens ledande hjälmvarumärken har lanserat hjälmar med Mips säkerhetssystem och marknadsför dessa till slutkund på global basis.”

Annual report 2024A · The company itself

“Ökningen av nettoomsättningen är främst hänförlig till ökad försäljning inom underkategorin cykel.”

Annual report 2024A · The company itself

“Sport, Motorcykel och Säkerhet, vilka tillsammans representerar en fokusmarknad om 195 miljoner hjälmar.”

Annual report 2024A · The company itself

“Under 2024 levererade Mips produkter till över 150 kunder varav de fem största stod för 40 procent (44) av den totala försäljningen. För vidare information se not 2.”

Annual report 2024A · The company itself

“Mips har valt att dela in sin verksamhet i tre huvudsakliga hjälmkategorier Sport, Motorcykel och Säkerhet. Den största hjälmkate gorin Sport består främst av underkategorierna cykel och snö vilka följer vissa säsongsmönster.”

Annual report 2024A · The company itself

“BEVISAD MODELL FÖR FRAMGÅNG Vi avser att använda en liknande kommersialiseringsmodell som vi tidigare framgångsrikt byggde upp i USA, där Terclara används som ett ”stjärnvarumärke” och kompletteras med ytterligare förvärvade produkter.”

Annual report 2024A · The company itself

“kedjorna CVS, Walgreens och Walmart. 2019 avyttrades den kommersiella verksamheten för 1,4 miljarder SEK.”

Annual report 2024A · The company itself

“In the U.S., our COVID vaccine and RSV vaccine are sold primarily to wholesalers and distributors, and to a lesser extent, directly to retailers and healthcare providers.”

Annual report 2025A · 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

“Our Monster Energy® Drinks segment primarily generates net operating revenues by selling ready-to-drink packaged drinks primarily to bottlers and full service beverage distributors (“bottlers/distributors”). In some cases, we sell ready-to-drink packaged drinks 3 Table of Contents directly to retail grocery and specialty chains, wholesalers, club stores, mass merchandisers, convenience and gas chains, drug stores, foodservice customers, value stores, e-commerce retailers and the military.”

Annual report 2025A · The company itself

“Customers Our non-alcohol customers are primarily full service beverage bottlers/distributors, retail grocery and specialty chains, wholesalers, club stores, mass merchandisers, convenience and gas chains, drug stores, foodservice customers, value stores, e-commerce retailers and the military.”

Annual report 2025A · The company itself

“We sell to wholesale distributors, retail chains, cooperatives, independent retailers and national accounts.”

Annual report 2025A · The company itself

“The MOWI brand is now present in 16 countries. Mowi will now focus on making improvements in the countries where the brand is already launched.”

Annual report 2024A · The company itself

“Operational results for Consumer Products were strong with Operational EBIT of EUR 145.8 million. Demand was generally good, and Consumer Products sold a record-high 247 333 tonnes of finished products, proving that putting the customer at the core of everything we do downstream bears fruit and creates unique customer experiences.”

Annual report 2024A · The company itself

“While the US market lags somewhat behind Europe in terms of demand recovery, the retail channel experienced volume growth.”

Annual report 2024A · The company itself

“For the market in general, the foodservice segment represents approx. 40%, while the retail segment represents approx. 60%.”

Annual report 2024A · The company itself

“Consumer Products Mowi Consumer Products is geographically organised, but constitutes one reporting segment. Consumer Products' Operational EBIT for the year ended December 31, 2024 came to a EUR 145.8 million, slightly down from EUR 151.7 million in 2023. The negative effect of margin pressure in Europe was partly offset by higher volumes and continued first-class operational performance.”

Annual report 2024A · The company itself

“Retail development was good overall, while foodservice was relatively stable.”

Annual report 2024A · The company itself

“From our core offering of fresh whole salmon to our range of ready-to-eat and ready-to-cook options, we are committed to delivering products that stand out in taste, nutrition, and quality.”

Annual report 2024A · The company itself

“Looking ahead, we are committed to expanding access to healthy, sustainable, and delicious food options across all channels. Our strategy is focused on growth in foodservice, retail, and e-commerce, in addition to raising awareness of the salmon category and educating consumers about our products’ health and sustainability benefits.”

Annual report 2024A · The company itself

“We are the world's largest producer of farm-raised salmon, both by volume and revenue, offering fresh, whole salmon, processed salmon and other processed seafood products to customers in approximately 70 countries.”

Annual report 2024A · The company itself

“Our client types include: •Asset managers, including managers of institutional funds and accounts, mutual funds, ETFs, and other public-market strategies, as well as private-markets general partners •Banks and brokerages, including banks, broker-dealers, custodians, proprietary market makers and fund administrators •Asset owners, including pension funds, endowments, foundations, investment consultants, central banks, sovereign wealth funds and single family offices •Hedge fund managers, including of equity hedge funds, fixed income hedge funds, multi-strategy hedge funds and multi-manager hedge funds •Wealth managers, including wealth management divisions of broker-dealers, RIAs, private banks, multi-family offices, digital wealth and brokerage platforms •Insurance companies, including reinsurers •Others, including exchanges; vendors; real estate professionals, such as brokers, agents and developers; academic institutions; and corporates, including public and private companies, and their advisors As of December 31, 2025, we served approximately 6,800 clients1 in more than 100 countries.”

Annual report 2025A · The company itself

“De befintliga luftkonditioneringssystemen var otillräckliga, vilket ledde till en uppgradering till ett toppmodernt Munters DSS Pro-system för att säkerställa överlägsen klimatkontroll och bättre bevaring.”

Annual report 2024A · The company itself

“Genom året har Mysafety vunnit framgångar inom partnersegmentet där tillväxten är tilltagande och nya partner kommer till. Med innovativa försäkringskomponenter inbäddade i våra partners tjänster, produkter eller prenumerationer, erbjuder vi anpassade försäkringar till en konsertbiljett, ett lägenhetsförvärv eller till och med en parkeringsavgift.”

Annual report 2024A · The company itself

“Försäljning sker framförallt via distributörer och återförsäljare. Försäljning, M kr 2024 2 258 2020 1 495 Årlig tillväxt (ø) + 11% Försäljning, M kr 2024 2 482 2020 1 506 Årlig tillväxt (ø) + 13% Försäljning, M kr 2024 1 160 2020 673 Årlig tillväxt (ø) + 15% Lösningar Löser komplexa uppgifter.”

Annual report 2024A · The company itself

“Vår Flagship Store på Drottninggatan i Stockholm har nu varit öppen i ett och ett halvt år och under 2024 presterade butiken starkare än förväntat. Den har etablerat sig som en naturlig destination för målgruppen och därmed blivit en viktig del av vår affär, både för att kontinuerligt visa upp det bästa ur sortimentet och för att skapa unika upplevelser som inspirerar och engagerar.”

Annual report 2024A · The company itself

“Nelly erbjuder mode och skönhetsprodukter till unga kvinnor via Nelly.com och vår Flagship Store, samt mode till unga män via NLYMan.com.”

Annual report 2024A · The company itself

“Bostäder ut - gjorde 77 procent av hyresvärdet och lokaler 20 procent. Neobos hyresgäster är i huvudsak privatpersoner samt företagskunder som hyr butiker, restauranglokaler och kontor i bostadsfastigheternas bottenplan samt kunder i någon av bolagets samhällsfastigheter.”

Annual report 2024A · 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

“HarperCollins derives its revenue from the sale and licensing of print and digital books to a customer base that includes global technology companies, traditional brick and mortar booksellers, wholesale clubs and discount stores, including Amazon, Apple, Barnes & Noble and Tesco, as well as from third-party distribution services.”

Annual report 2026A · The company itself

“Certain sectors of the economy account for a significant portion of the Company’s advertising revenues, including retail, technology and finance.”

Annual report 2026A · The company itself

“The products are used in various applications such as point of sales terminals (POS), readers, Notebooks and Access solutions.”

Annual report 2024A · The company itself

“In addition to the market segments mentioned above, NEXT is also targeting customers in the point of sale and fintech segments in China.”

Annual report 2024A · The company itself

“The focus in these markets is to replace current installed base of bulky and expensive optical fingerprint products.”

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

“A majority of NEER's revenues are derived from sales of energy, capacity, credits and ancillary products under long-term PPAs to customers located in wholesale electricity markets.”

Annual report 2025A · The company itself

“ÄR ENKELT ATT INSTALLERA, DRIVA OCH UNDERHÅLLA ALLT FLER INSTALLERAR VENTILATIONSSYSTEM Flera större aktörer som idrottshallar, industrilokaler, kyrkor med flera har moderniserat sina fastigheter med värme, kyla och ventilation.  Värme,luftkonditioneringochventilationutgörnågraavdestörstautgiftsposternaochävennågraavdestörstamiljöaspekternaförkommersiellafastigheter. MedNIBEGroupshållbaradigitalavärmepumpslösningarkanhelaanläggningen förinomhuskomfortautomatiserasochfjärrstyras.Värmepumparnagerenergibesparingäveniväntelägeochenheternaharaktivakylmodulersomgerutmärkt luftkonditionering.  I flerfamiljshus kan lägenheterna antingen ha individuell eller gemensam uppvärmning,menibådafallenkanmanhaengemensamcentralförkontroll ochövervakningmedNIBEskonceptlösningarsomgörattmankanoptimera energianvändningenifastigheten.Värmepumpenproducerarvärmeochvarmvattensamtmöjliggörsåvälluftkonditioneringsomventilation.  Offentligabyggnaderhartraditionelltvärmtsuppmedolja,gasellerkol.Detfinns fortfarande väldigt många byggnader med sådan uppvärmning som behöver bytasutmotrenare,modernareochmiljövänligareteknik.NIBEerbjuderklimatiseringbaseradpåexempelvisgeotermiskenergi,vilketgagnarsåvälmiljösom driftsekonomi.”

Annual report 2024A · The company itself

“Marknad och försäljning i fokus Medledandevarumärkenirespektivekategorierochstarkaresurser för marknadsföring och försäljning står NIBE Stoves väl rustade inför högsäsongen. Marknadsaktiviteterna stärker ytterligare relationer till återförsäljare och våra varumärkens premiumpositioner, samtidigt som synligheten gentemot slutkunden prioriteras såväl i traditionella kanaler somgenomdigitalainsatserochPR. Åtgärdsprogrammet har implementeras fullt ut i affärsområdet. Framför allt hardetta bestått av att antalet anställda i produktion, distribution och administration reducerats med ett antal hundra personer. Samtidigt har vi konsolideratverksamhetersomnukanbedrivaseffektivaretilllägrekostnad samt genomfört operationella effektiviseringar i flera av affärsområdets dotterbolag. Avdelningarna för produktutveckling, marknadsföring och försäljningharidetnärmastelämnatsorördaföratthaenstyrkaattpenetrera marknadennärefterfråganåterkommer. affärsområdetshistoriskaintervallsomligger,mellan10och12procent.”

Annual report 2024A · The company itself

“Consolidation of retailers or concentration of retail market share among a few retailers has increased and may continue to increase and concentrate our credit risk and impair our ability to sell products. The athletic footwear, apparel and equipment retail markets in some countries are dominated by a few large athletic footwear, apparel and equipment retailers with many stores and accelerating digital commerce capabilities. The market shares of these retailers have increased and may continue to increase through acquisitions and construction of additional stores and investments in digital capacity, and as a result of attrition as struggling retailers exit the market.”

Annual report 2026A · The company itself

“We may be adversely affected by the financial health of our wholesale customers. We extend credit to our customers based on an assessment of their financial condition, generally without requiring collateral. To assist in the scheduling of production and the shipping of our products, we offer certain customers the opportunity to place orders five to six months ahead of delivery under our futures ordering program. These advance orders may be canceled under certain conditions, and the risk of cancellation increases when dealing with financially unstable retailers or retailers struggling with economic uncertainty.”

Annual report 2026A · The company itself

“Wholesale revenues increased 14% including expanded distribution, higher shipments to existing partners and fewer marketplace management actions taken in the current year.”

Annual report 2026A · The company itself

“NIKE Direct revenues decreased 6% due to declines in digital sales of 10% and declines in store sales of 2%.”

Annual report 2026A · The company itself

“NIKE Direct revenues decreased 9% due to declines in digital sales of 10% and declines in store sales of 8%.”

Annual report 2026A · The company itself

“We lease approximately 980 retail stores worldwide, which primarily consist of factory stores.”

Annual report 2026A · The company itself

“Columbia Operations provides natural gas to approximately 2.4 million residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, and Maryland.”

Annual report 2025A · The company itself

“Vi har også inngått partnerskap med Brompton som lanserte deres bysykler med felger laget av kun brukt aluminiumsskrap fra forbrukere, Hydro CIRCAL 100R.”

Annual report 2024A · The company itself

“We are transforming our position through multiple direct-to-consumer pathways by rapidly expanding our NovoCare ® direct-to-patient platform to simplify access and reduce costs, forging new telehealth collaborations and securing retail pharmacy agreements including CVS to improve continuity of care.”

Annual report 2025A · The company itself

“Highlights Our biosolutions in Household Care for laundry, dishwashing, and industrial and medical cleaning reach billions of people around the world. High-performing, biodegradable enzymes enable detergent formulations that clean effectively, protect fabrics, and extend the life of clothes, while reducing the use of energy and chemicals.”

Annual report 2025A · The company itself

“of total sales in Net sales Planetary Health Biosolutions organic sales growth was 6% in 2025, driven by 7% growth in Household Care and 6% growth in Agriculture, Energy & Tech.”

Annual report 2025A · The company itself

“Ess-Sierras verksamhet består i att äga och förvalta fastigheter som utgörs av lagerlokaler och byggvaruhandel. Den uthyrbara arean uppgår till 184 000 kvadratmeter.”

Annual report 2024A · The company itself

“I Birsta, som är mest känt för sitt handelsområde, äger NP3 främst logistik- och handelsfastigheter. Birsta ligger strategiskt mellan E4 och E14 och även med närhet till Timrå vilket gör området attraktivt och efterfrågat.”

Annual report 2024A · The company itself

“I affärsområdet har NP3 valt att fokusera fastighetsbeståndet inom främst två områden i Gävle, Näringen och Sörby Urfjäll. Näringen är ett centralt beläget industriområde där NP3 äger många business-to-business-handelsfastigheter. Sörby Urfjäll är NP3s största område i Gävle och ett område där NP3 är den dominerande fastighetsägaren. Fastighetsbeståndet innefattar bland annat logistik, business-to-businesshandel och lätt industri.”

Annual report 2024A · The company itself

“Konsumenthandel domineras av lågpriskedjor som till exempel Dollarstore, Dagab och Plantagen. Inom business-to-business återfinns stora hyresgäster som Mekonomen, Ahlsell och Swedol.”

Annual report 2024A · The company itself

“Systembolaget, Dagab Inköp & Logistik samt Berners.”

Annual report 2024A · The company itself

“De största hyresgästerna inom affärsområdet utgörs av Assemblin El, K-Rauta och Plantagen.”

Annual report 2024A · The company itself

“Sales of steel joists, joist girders and steel decking are dependent on the nonresidential building construction market. The majority of steel joists, joist girders and steel decking are used extensively as part of the roof and floor structural support systems in warehouses, data centers, manufacturing buildings, retail stores, shopping centers, schools, hospitals, and, to a lesser extent, in multi-story buildings and apartments.”

Annual report 2025A · The company itself

“In secure edge identification solutions, NXP has extensive experience providing customers with solutions for applications demanding the highest security and reliability such as ePassports, eID credentials, transportation & payment cards. Included as well in this end market is the growing RFID market that uses wireless technology for identification and tracking of objects. Further digitalization of governmental services, the trend towards secure contactless payment and the need to improve tracking, traceability and authentication of products are driving demand across these applications.”

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

“OVERVIEW ​ We are a specialty retailer of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States, Puerto Rico, Mexico, and Canada. We are one of the largest North American automotive aftermarket specialty retailers, selling our products to both DIY customers and professional service providers – our “dual market strategy.””

Annual report 2025A · The company itself

“Our stores also offer enhanced services and programs to our customers, including used oil, oil filter, and battery recycling; battery, wiper, and bulb replacement; battery diagnostic testing; electrical and module testing; check engine light code extraction through our trusted VeriScan technology, which provides diagnostic information with possible repair fixes; referrals to trusted local repair shops; loaner tool program; drum and rotor resurfacing; custom hydraulic hoses; professional paint shop mixing and related materials; and machine shops.”

Annual report 2025A · The company itself

“Tämä lisää muun muassa kulutuksen siirtymistä edullisempiin tuotevaihtoehtoihin ja hintakilpailua.”

Annual report 2025A · The company itself

“Segmentin myyntivolyymin lasku tuli pääosin Tanskasta ja Latviasta. Latviassa kuluttajakysynnän heikko kehitys jatkui, laskien koko toimialan myyntivolyymeja vähittäiskaupassa.”

Annual report 2025A · The company itself

“Branding & Retail Commerce includes brand and product consulting, strategy and research, and retail marketing.”

Annual report 2025A · 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

“Distributors Sales to distributors accounted for approximately 54%, 53% and 52% of our revenue in 2025, 2024 and 2023, respectively.”

Annual report 2025A · The company itself

“Refined Products and Crude - Our Refined Products and Crude segment’s customers include refiners, wholesalers, retailers, traders, railroads, airlines and regional farm cooperatives.”

Annual report 2025A · The company itself

“Av de totala kundfordringarna per den sista december 2024 står de fyra största kunderna för ca 95 procent. Ingen annan enskild kund står för mer än 1 procent av de totala kundfordringarna.”

Annual report 2024A · The company itself

“Produktene er distribuert gjennom dagligvarebutikker og på nett.”

Annual report 2024A · The company itself

“En sentral risiko er kanalvridning i dagligvarehandelen mot tydeligere lavpriskjeder («hard discount stores») samt handelens egne merkevarer.”

Annual report 2024A · The company itself

“Orthex main consumer brands are SmartStore™ in storage products, GastroMax™ in kitchenware and Orthex™ in home and garden products. In addition, Orthex sells kitchenware under the Kökskungen™ brand.”

Annual report 2025A · The company itself

“Orthex’s seeks to be the preferred value-creating partner to its customers who are mainly large retail chains and e-commerce platforms.”

Annual report 2025A · 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

“Salmon have become a “must-have” product in retail stores – a trend expected to increase.”

Annual report 2024A · The company itself

“While inflation and the rising cost of living have impacted demand and market dynamics for salmon, sales to both retail or foodservice-segments have demonstrated resilience and remains robust. Within the EU+UK market, the current situation can accurately be described as having "insufficient availability."”

Annual report 2024A · The company itself

“Our corrugated products manufacturing plants produce a wide variety of 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, and honeycomb protective packaging.”

Annual report 2025A · The company itself

“The primary end-use markets in the United States for corrugated products are shown below as reported in the 2024 Fibre Box Association annual report: Food, beverages, and agricultural products 40 % Retail and wholesale trade 29 % Chemical, plastic, and rubber products 11 % Paper and other products 10 % Miscellaneous manufacturing 10 % Competition As of December 31, 2025, we were the third largest producer of containerboard products in North America, according to industry sources and our own estimates.”

Annual report 2025A · The company itself

“Customers We have about 50 customers in approximately 180 locations. These customers include office products distributors and retailers, paper merchants, and envelope and other converters.”

Annual report 2025A · The company itself

“ODP Corporation (“ODP”), formerly Office Depot, Inc., along with its subsidiaries and affiliates, is our largest customer in the Paper segment. Effective March 1, 2025, we have amended the agreement with ODP in which we will continue to supply commodity and non-commodity office papers through December 31, 2026.”

Annual report 2025A · The company itself

“In 2025, we opened a net total of 23 concept stores and 33 Pandora-operated shop-in-shops, delivering an organic revenue growth of 4%.”

Annual report 2025A · The company itself

“Customers Flow customers include businesses engaged with end users, and wholesale and retail distribution in the residential, agricultural, commercial, food and beverage, and industrial vertical markets.”

Annual report 2025A · The company itself

“Customers Water Solutions customers include businesses engaged in wholesale and retail distribution in the residential, commercial and food and beverage vertical markets.”

Annual report 2025A · The company itself

“Customers Pool customers include businesses engaged in wholesale and retail distribution in the residential and commercial vertical markets.”

Annual report 2025A · The company itself

“Our cigarettes are sold in approximately 170 markets, and in many of these markets they hold the number one or number two market share position. We have a wide range of premium, mid-price and low-price brands.”

Annual report 2025A · The company itself

“Distribution & Sales Our main types of distribution and sales are tailored to the characteristics of each market and are often used simultaneously: •Direct sales and distribution, where we sell directly to the retailers; •Distribution through independent distributors that often distribute other fast-moving consumer goods and are responsible for distribution in a particular market; •Exclusive zonified distribution, where the dedicated multicategory product distributors are assigned to exclusive territories within a market; •Distribution through national or regional wholesalers that then supply the retail trade; •Our own e-commerce infrastructure for product sales to trade partners and to consumers; and •Our own brand retail infrastructure for our SFPs and accessories for sales to consumers.”

Annual report 2025A · The company itself

“4)Marketing and Specialties (M&S)—Purchases for resale and markets refined products, mainly in the United States and Europe. In addition, this segment includes the manufacturing and marketing of base oils and lubricants.”

Annual report 2025A · The company itself

“Transport | Storage | Distribution to Hospitals, Wholesalers, Pharmacies purchase the product Marketing Authorization Holder Product Quality & Safety Surveillance Sales & Marketing Customer Support & Training Ensures Access to the product & BLC procedure Supports further Research & Clinical Trials in Bladder Cancer End users Bladder Cancer Patients get staged | diagnosed | follow up procedures Urology Healthcare Professionals conduct the BLC procedure with the Product Medical Equipment for Blue Light Cystoscopy is provided by 3rd Party Medical Device companies, depending on Market Authorizations Value chain oversight 4.”

Annual report 2024A · The company itself

“Offroad riktar sig till motocross- och enduroåkare via webbplatsen 24MX, medan Onroads webbplats XLMOTO har kunder som kör på trafikerade vägar som målgrupp.”

Annual report 2024A · The company itself

“PPG's real estate portfolio per year-end 2024 consisted of three properties in the Preschools segment, eight properties in the Retail properties segment, one office property , eight properties in the Property development segment and seventeen properties in the Hotel properties segment, an increase of eleven properties from 2023 due to the acquisition of Norlandia Holding AS.”

Annual report 2024A · The company itself

“PNC has businesses engaged in retail banking, corporate and institutional banking and asset management, providing many of our products and services nationally.”

Annual report 2025A · The company itself

“We are organized around our customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management.”

Annual report 2025A · The company itself

“We are subject to supervision and regulation by the CFPB with respect to a broad range of federal consumer financial laws and regulations, including the laws and regulations that relate to deposit products, credit card, mortgage, automobile, student and other consumer loans, and other consumer financial products and services that we offer.”

Annual report 2025A · 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

“Direct to manufacturing companies and various coatings applicators PPG® Industrial Coatings Specifically formulated coatings, adhesives and sealants and metal pretreatments Appliances, agricultural and construction equipment, consumer electronics, building products (including residential and commercial construction), kitchenware, transportation vehicles and numerous other finished products.”

Annual report unknown yearA · The company itself

“Prisma har ett väldiversifierat bestånd av fastigheter med fokus på lågprishandel, dagligvaror och snabbservicerestauranger.”

Annual report 2024A · The company itself

“Prisma växer tillsammans med sina hyresgäster och bygger långsiktiga samarbeten för gemensam framgång. ● Hyresgästerna utgörs av marknadsledande lågprisaktörer som Willys, Lidl, Dollarstore och McDonald's. ● Vi utvecklar endast fastigheter när hyresavtal finns på plats, vilket säkerställer ekonomisk stabilitet. ● Hög uthyrningsgrad – 99 procent per december 2024.”

Annual report 2024A · The company itself

“OVERVIEW P&G is a global leader in the fast-moving consumer goods industry, focused on providing branded consumer packaged goods of superior quality and value to our consumers around the world.”

Annual report 2026A · The company itself

“Our customers include mass merchandisers, digital commerce (including social commerce) channels, grocery stores, membership club stores, drug stores, department stores, distributors, wholesalers, specialty beauty stores (including airport duty-free stores), high-frequency stores, pharmacies, electronics stores and professional channels.”

Annual report 2026A · The company itself

“We are a global market leader in the retail hair care market with about 20% global market share primarily behind our Head & Shoulders and Pantene brands. In personal care, we have the number two market share position with about 20% global market share, primarily behind our Old Spice, Native, Secret and Safeguard brands.”

Annual report 2026A · The company itself

“Grooming: We are the global market leader in the grooming market, where we hold more than 50% share. Our global blades and razors market share is more than 60%, primarily behind our Gillette and Venus brands.”

Annual report 2026A · 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

“We offer home, condominium, and renters insurance, among other products, written by affiliated and unaffiliated insurance companies in almost all states in the direct channel.”

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

“Our properties are typically used for distribution, storage, packaging, assembly and light manufacturing of consumer products. The vast majority of our operating properties are used by our customers for retail and online fulfillment and business-to-business transactions.”

Annual report 2025A · The company itself

“Labor and Employment Matters Prudential of Brazil Labor and Employment Matters Prudential of Brazil (“POB”) sells insurance products to consumers through life planner franchisees (“Life Planners”), who are engaged as independent life insurance brokers and not as employees.”

Annual report 2025A · The company itself

“Puuilo is one of the leading discount retailers in Finland and it serves both consumers and B2B customers in the repair and maintenance as well as construction sector.”

Annual report 2026A · The company itself

“New and Emerging Retail Healthcare Providers We take opportunities to provide services to retail providers of healthcare services, such as "big-box" retailers, like Walmart, pharmacy chains, like CVS Health, supermarkets, like Safeway, urgent care centers and Internet-based service providers.”

Annual report 2025A · The company itself

“I Consumer ingår två bolag – ett inom retail och en digital handelsplats för begagnade fordon och maskiner.”

Annual report 2024A · The company itself

“Vi har även en diversifierad kundbas, byggd på långsiktiga relationer och gemensam utveckling av skräddar sydda lösningar för en bättre shoppingupplevelse och mer effektiv butiksdrift.””

Annual report 2024A · The company itself

“Omsättningstillväxt –5% (10%) EBITA-marginal, justerad 8,3% (7,5%) Avkastning på sysselsatt kapital (ROCE) 19,0% (17,2%) Affärsområdeschef: Christian Johansson Gebauer Construction & Services35 Om Ratos Rapporter Övrigt Affärsområden Consumer Bolagen i affärsområdet Consumer arbetar för att förenkla och förbättra livet för konsumenter. Vi definierar enklare och bättre exempelvis som hållbart och tidsbesparande. Consumer36 Om Ratos Rapporter Övrigt Affärsområden Om affärsområdet Affärsområdet består av bolag som är positionerade mot retailtrender som friluftsliv, heminredning, växter och handel med begagnade fordon.”

Annual report 2024A · The company itself

“Our Primary Business Activities Our primary business is the acquisition, ownership, and active management of freestanding commercial properties leased under long‑term net lease agreements to a diversified base of operators, including a blend of investment grade, investment grade equivalent, and other creditworthy clients.”

Annual report 2025A · The company itself

“Table of Contents Real Estate Investment Strategy - Retail Investment Focus Retail properties represent a significant portion of our portfolio. Within this category, we primarily target properties that support service-oriented, non-discretionary, and/or low-price-point business models. These uses often provide essential or recurring services and, in our experience, tend to exhibit more resilient demand characteristics across economic cycles.”

Annual report 2025A · The company itself

“We have and may continue to make investments and utilize transaction structures that are outside of our traditional business, including entering into new asset classes, such as casinos, data centers, power centers, retail parks, loans, and vertical farms, and entering into (or expanding our use of) new transaction structures, such as strategic co-investment ventures, joint ventures, funds, lending, and increased exploration of sale-leaseback transactions.”

Annual report 2025A · The company itself

“(2)Our clients occupying the new properties are 70.4% retail, 29.1% industrial, and 0.5% other property types based on net operating income.”

Annual report 2025A · The company itself

“We generate a majority of our revenue from the sale of advertising services.”

Annual report 2025A · The company itself

“For example, we are developing interactive ads on our developer platform, allowing advertisers to create custom experiences directly within an ad, but we cannot assure that Redditors or advertisers will effectively engage with this new ad feature.”

Annual report 2025A · The company itself

“Our ability to generate revenue depends on the development and availability of tools to accurately measure the effectiveness of advertisements on our platform. Most advertisers rely on tools that measure the effectiveness of their ad campaigns or that verify viewability of their ads on our platform in order to allocate their advertising spend among various formats and platforms.”

Annual report 2025A · The company itself

“We rely heavily on our ability to collect and share data and metrics to help new and existing advertisers understand the performance of advertising campaigns.”

Annual report 2025A · The company itself

“This is why Reddit is synonymous with product and service recommendations. For advertisers, we provide access to a unique and highly engaged audience where our trusted, passionate communities drive recommendations on brands and buying decisions.”

Annual report 2025A · The company itself

“In communities like r/ sonos and r/ fidelityinvestments, companies are providing troubleshooting tips, investment advice, and customer service, and creators and publishers are using our new Ask Me Anything (“AMA”) features to connect with their audience and fans on the platform. We also launched Reddit Pro tools for publishers to help media outlets easily share and track content with users, and early adopters like The Atlantic, The Hill, NBC News, and The Associated Press are able to sync their feeds and automatically import articles, track how their stories are shared, and use AI-powered tools to find the right communities on Reddit.”

Annual report 2025A · The company itself

“As of December 31, 2025, we had full or partial equity ownership interests in 481 properties, primarily anchored by market leading grocery stores, encompassing approximately 58.4 million square feet ("SF") of gross leasable area ("GLA"). Our Pro-rata share of this GLA is approximately 50.5 million SF, including our share of properties owned through unconsolidated real estate partnerships. We are a preeminent national owner, operator, and developer of neighborhood and community shopping centers predominantly located in suburban trade areas with compelling demographics.”

Annual report 2025A · The company itself

“Our investment strategy includes investing in high-quality shopping centers that are leased to market-leading grocers, category-leading anchors, specialty retailers, and/or restaurants located in areas with above average household incomes and population densities.”

Annual report 2025A · The company itself

“Segment Reporting The Company's business is investing in retail shopping centers through direct ownership or partnership interests.”

Annual report 2025A · The company itself

“The Company owns and manages a portfolio of neighborhood and community shopping centers, anchored primarily by grocers. Nearly all of the Company's consolidated revenues are generated from real estate investments in shopping centers.”

Annual report 2025A · The company itself

“We sell our marketed products primarily to wholesalers, specialty distributors, pharmacies, hospitals, government agencies, physicians, and other healthcare providers.”

Annual report 2025A · The company itself

“For the year ended December 31, 2025, we had sales to two customers that each accounted for more than 10% of total gross product revenue. On a combined basis, our product sales to these customers accounted for 77% of our total gross product revenue for the year ended December 31, 2025.”

Annual report 2025A · The company itself

“Asiakkaitamme ovat pääasiassa ajoneuvovalmistajista riippumattomalla jälkimarkkinalla toimivat varaosien ja varusteiden jälleenmyyjät.”

Annual report 2025A · The company itself

“Our small-container services are typically offered to small business complexes, multi-family housing and strip malls and include industries such as restaurants, retail, real-estate and professional and other services.”

Annual report 2025A · The company itself

“NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 1.BASIS OF PRESENTATION Republic Services, Inc., a Delaware corporation, and its consolidated subsidiaries (also referred to collectively as Republic, the Company, we, us, or our), is one of the largest providers of environmental services in the United States, as measured by revenue.”

Annual report 2025A · The company itself

“The reason for this is considered to be the lower purchasing in the DIY market due to increased restraint in their purchasing behavior.”

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

“Approximately 65 percent of our global sales are transacted through independent distributors.”

Annual report 2025A · The company itself

“ Low-risk transactional sales  Local business  Capital intensive production Our products are sold in more than 120 countries primarily via B2B channels including installers and distributors.”

Annual report 2025A · The company itself

“Banken har liten direkte eksponering mot detaljhandel, reiseliv og olje relatert virksomhet.”

Annual report 2024A · The company itself

“We also operate 363 dd’s DISCOUNTS stores in 22 states as of January 31, 2026. dd’s DISCOUNTS features more moderately-priced first-quality, in-season apparel, accessories, footwear, and home fashions for the entire family at savings of 20% to 70% off moderate department and discount store regular prices every day.”

Annual report 2026A · The company itself

“Our merchandise offerings include apparel, footwear, home accents and furniture, beauty, bed and bath, accessories, gourmet food, toys, luggage, pet accessories, electronics, jewelry and watches, and cookware.”

Annual report 2026A · The company itself

“STRATEGIC RISKS We depend on the market availability, quantity, and quality of attractive brand name merchandise at desirable discounts, and on the ability of our buyers to source and purchase merchandise to enable us to offer customers a wide assortment of merchandise at competitive prices.”

Annual report 2026A · The company itself

“We target organic volume growth above underlying market growth by focusing on structurally attractive categories and leveraging strong local brands, international partner brands, and effective route-to-market execution. Our multi-beverage portfolio, distribution capabilities and strong in-store execution support continued market share gains.”

Annual report 2025A · The company itself

“Our customers operate across both the off-trade and on-trade segments, including retailers, wholesalers and distributors, convenience stores, bars, and restaurants.”

Annual report 2025A · The company itself

“The markets in which we operate are intensely competitive, and our inability to successfully compete could materially adversely affect our business, financial condition or results of operations. •The markets for credit ratings, financial research, market data and solutions, index-based products, automotive data, energy and commodities analytics and price assessments, and related news and information about these markets are intensely competitive. Our businesses compete domestically and internationally on the basis of a number of factors, including the quality of their offerings, client service, reputation, price, geographic scope, range of products and technological innovation.”

Annual report 2025A · The company itself

“Commerce. Our Commerce offering helps connect every aspect of commerce—from marketing and sales to service and fulfillment—on a single, connected, AI-powered platform, enabling brands to deliver personalized, seamless shopping experiences across every customer touchpoint. With Agentforce for Commerce, brands can autonomously manage a range of tasks with AI agents, such as product recommendations and order lookup, helping to boost capacity and productivity across marketing, commerce, merchandising, and store operations.”

Annual report 2026A · The company itself

“The fish is sold either as whole gutted salmon (fresh or frozen), fillets, in individual portions or a wide range of other products, which are distributed to markets around the world. test Smolt and cleaner fish production CENTRAL NORWAY (Møre og Romsdal & Trøndelag) NORTHERN NORWAY (Troms og Finnmark) No. of licenses: Harvest volume 2024: No. of facilities: 3 smolt facilities and 1 lumpfish facility Production in 2024: and 1.0 million lumpfish No. of licenses: Harvest volume 2024: No. of facilities: 2 smolt facilities Production in 2024: No. of licenses: 23,700 tonnes MAB Harvest volume 2024: No. of facilities: 4 smolt facilities Production in 2024: No. of licenses: Harvest volume 2024: Volume sold: Approx.”

Annual report 2024A · The company itself

“We serve the Consumer end market with a portfolio of SSDs and removable flash products, including cards and universal serial bus flash drives, through our retail and channel routes to market.”

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

“For its B2B customers, Sanoma offers marketing opportunities to reach Finnish consumers.”

Annual report 2025A · The company itself

“Through combining media content and customer data, advertising revenue is generated by providing successful marketing solutions for our clients.”

Annual report 2025A · The company itself

“The Group’s business is primarily the sale of fitness club memberships, personal trainer sessions and retail sales through the fitness clubs and the Group’s website.”

Annual report 2024A · The company itself

“De fire andre erhvervsejendomme som vi har i vores portefølje, har overvejende lange uopsigelige lejekontrakter med overvejende gode lejere samt en vis lejereserve på fornuftige beliggenheder, hvor der på alle ejendomme er lavet en fast plan for vedligehold til ejendommen.”

Annual report 2025A · The company itself

“Ejendommen er fuldt udlejet til Dagrofa på en uopsigelig kontrakt frem til 30/6- 2030.”

Annual report 2025A · The company itself

“Udlejere SIG’s direkte kunder vil være lejere i de udlejningsejendomme, som tilkøbes. Ejendommene tilkøbes kun når SIG’s bestyrelse har en høj grad af sikkerhed for lejers bonitet, eller får stillet en passende garanti til rådighed, og derudover vælges kun ejendomme som vurderes at kunne genudlejes i tilfælde af en kundes konkurs eller fraflytning, hvorfor SIG også har stor fokus på markedslejen ved overtagelse af en eksisterende lejer.”

Annual report 2025A · The company itself

“direct to retail in Germany, Denmark, Sweden, France, Italy, Belgium”

Annual report 2025A · The company itself

“However, we managed to deliver unchanged net sales from the category as we expanded our presence across the retail and online distribution channels, as well as strategic price increases in our branded business.”

Annual report 2025A · The company itself

“of Group Net Sales Read more North America Online & Retail NAOR comprises the direct-to-consumer sales of all product categories sold via online, retail stores and contact centres in North America. NAOR distributes brands from the Group’s own branded business, as well as brands from other major brand owners in the U.S. market, reinforcing the strong distribution capabilities.”

Annual report 2025A · The company itself

“Nordbutiker AB är ett i Norden ledande e-handelsbolag med fokus på lätta elfordon (bl.a. elcyklar) och hemmagym. Bolaget driver ett flertal e-handelsplatser samtliga nordiska länder.”

Annual report 2024A · The company itself

“Sales to distributors and retailers of disk drive products account for a substantial portion of our revenue.”

Annual report 2026A · The company itself

“Table of Contents Changes in demand for computer systems, data storage subsystems and consumer electronic devices have previously caused, and may in the future cause, a decline in demand for our products. Our products are incorporated in computers, data storage systems deployed in data centers and consumer electronic devices. Historically, demand for these products has been volatile, and unexpected slowdowns in demand for computers, data storage subsystems or consumer electronic devices generally result in sharp declines in demand for our products.”

Annual report 2026A · The company itself

“Risk managementtjänster och kostnader för koncernfunktioner 2 865 - -427 - 2 -4 Koncernen 161 921 4 11 200 6,9 100 100 Koncernens totala försäljning 100% 20Vårt erbjudande 20Securitas Års- och hållbarhetsredovisning 2024 Vårt erbjudande Introduktion Om Securitas Koncernchefens kommentar Medarbetare Strategi och mål Vårt erbjudande Vår verksamhet Den globala säkerhetsmarknaden och trender Vårt hållbarhetsarbete Bolagsstyrningsrapport och ledning Securitas finansiella modell Årsredovisning Hållbarhetsnoter Securitas aktie Securitas historia Finansiell information Säkerhetstjänster Platsanknuten bevakning Vi erbjuder platsanknuten bevakning med särskilt utvalda och utbildade väktare som utför bevakningstjänster som är skräddarsydda för medelstora och stora företags behov i privata eller offentliga miljöer.”

Annual report 2024A · The company itself

“Retail Retail Service Management automates workflows to support retail customer care while Retail Operations simplifies store operations and provides headquarters visibility into store performance.”

Annual report 2025A · The company itself

“These paint stores are divided into five separate operating divisions based on their geographical region and are responsible for the sale of predominantly Sherwin-Williams® and other controlled brand architectural paint and coatings, protective and marine products, OEM product finishes and related products.”

Annual report 2025A · The company itself

“Each store is engaged in servicing the needs of architectural and industrial paint contractors and do-it-yourself homeowners. These stores market and sell Sherwin-Williams® and other controlled brand architectural paint and coatings, protective and marine products, OEM product finishes and related products.”

Annual report 2025A · The company itself

“Consumer Brands Group The Consumer Brands Group manufactures and distributes a broad portfolio of branded and private-label architectural paint, stains, varnishes, industrial products, wood finishes products, wood preservatives, applicators, corrosion inhibitors, aerosols, caulks and adhesives to retailers, including home centers and hardware stores, dedicated dealers and distributors throughout North America, Latin America and Europe.”

Annual report 2025A · The company itself

“We face potential adverse effects from tenant bankruptcies. Bankruptcy filings by retailers can occur regularly in the course of our operations.”

Annual report unknown yearA · The company itself

“We own, develop and manage premier shopping, dining, entertainment and mixed-use destinations, which consist primarily of malls, Premium Outlets®, and The Mills®.”

Annual report unknown yearA · The company itself

“Brea Mall CA Brea (Los Angeles) Fee 100.0 % Acquired 1998 99.0 % 1,360,764 Nordstrom, Macy's (8), JCPenney, Life Time (6), Dick's Sporting Goods (6) 9. Briarwood Mall MI Ann Arbor Fee 100.0 % Acquired 2007 93.1 % 924,116 Macy's, JCPenney, Von Maur, Harvest Market (6), Dick's Sporting Goods (6), Hilton Garden Inn (14), Towne Place Suites by Marriott (14) 10. Brickell City Centre FL Miami Fee 100.0 % Built 2016 98.6 % 471,577 Saks Fifth Avenue, Cinemex, EAST Miami Hotel (14) 11.”

Annual report unknown yearA · The company itself

“We may not be able to lease new or redeveloped properties to or renew leases and relet space at existing properties with an appropriate mix of tenants or at desired rents, if at all. ● Acts of violence, civil unrest or criminal activity, actual or threatened terrorist attacks and inappropriate and unacceptable behavior by visitors at our properties could adversely affect our business operations. ● We face a wide range of competition that could affect our ability to operate profitably, including e-commerce, as well as evolving consumer preferences and purchasing habits. ● Epidemics, pandemics or other public health crisis, and governmental reactions thereto, could have a significant negative impact on our and our tenants’ business, financial condition, results of operations, cash flow and liquidity and our ability to access the capital markets, satisfy our debt service obligations and make distributions to our shareholders.”

Annual report unknown yearA · The company itself

“Table of Contents Some of our properties depend on anchor stores or other large nationally recognized tenants to attract shoppers and we could be materially and adversely affected by the loss of one or more of these anchors or tenants. Our properties are typically anchored by department stores and other large nationally recognized tenants.”

Annual report unknown yearA · The company itself

“Vi erbjuder fyra nyckelapplikationer: Mailjet för marknadsföring via e-post, Engage, SimpleTexting och ClickSend för meddelandelösningar, Contact Pro för molnbaserade kontaktcenter med omnikanalskommunikation och Chatlayer för AI-baserade chattbot-konversationer. De här verktygen är avsedda för företag av alla storlekar.”

Annual report 2024A · The company itself

“Andra viktiga vertikaler är nans, professionella tjänster och detaljhandel.”

Annual report 2024A · The company itself

“SkiStar säljer fjällsportprodukter i butik och online. De fysiska butikerna SkiStarshop Concept Store finns på fem av SkiStars sex destinationer med 3 butiker i Åre, 2 i Sälen och 2 i Vemdalen samt en i Hemsedal och tre i Trysil. I våra skiduthyrningar SkiStarshop säljer vi även sportprodukter med anknytning till alpin skidåkning (främst varumärket EQPE) och cykling sommartid.”

Annual report 2024A · The company itself

“Varumärket EQPE lanserades 2019 under Alpina VM i Åre och har sedan dess vuxit till ett av SkiStars mest framstående varumärken, både i fysiska butiker och online. EQPEs affärsidé fokuserar på att skapa högkvalitativa produkter för medvetna kunder, med bra passform och tidlös design, samtidigt som de är prisvärda.”

Annual report 2024A · The company itself

“Uthyrning av skid- och cykelutrustning genom SkiStarshop är en naturlig del av fjällresan för många, under förra verksamhetsåret har vi startat SkiStar Pre-Used där vi säljer begagnande skidor och cyklar. Under året omsatte begagnatförsäljningen 6 miljoner kronor, vilket är en fördubbling från föregående år, konceptet kommer försätta att utökas under kommande säsonger.”

Annual report 2024A · The company itself

“SkiStar har hanterat denna trend genom att ha samtliga produkter och tjänster säljbara i SkiStars viktigaste säljkanal, skistar.com, under hela året. Vidare arbetar SkiStar med att utveckla olika transportlösningar till samtliga destinationer och med att på plats erbjuda gästen ett brett utbud av boende och övriga relevanta produkter kopplade till en aktiv semester.”

Annual report 2024A · The company itself

“these include storage solutions, logistics and shelf cleaning for DIY shops”

Annual report 2025A · The company itself

“For Trade, these include storage solutions, logistics and shelf cleaning for DIY shops.”

Annual report 2025A · The company itself

“Today’s installers require more than just a product Our installation customers range from sole installation contractors to large installation companies. Irrespective of their size, they value both our expertise and our extensive range, which covers electrical, heating & plumbing installations as well as climate & energy products.”

Annual report 2025A · The company itself

“(Data shown in brackets relate to 2024) Management’s review Results HOTEL Dedicated local teams support Trade customers with specialised services Our trade customers’ requirements and buying preferences differ from those of our Installation and Industry segments.”

Annual report 2025A · The company itself

“Solteq Plc Vuosikertomus 2025 1 Sisällysluettelo Solteq lyhyesti 2 Toimitusjohtajan katsaus 4 Selvitys hallinto- ja ohjausjärjestelmästä 5 Palkitsemisraportti 19 Hallituksen toimintakertomus 23 Tunnusluvut 37 Tilinpäätös 42 Tilintarkastuskertomus 110 Vuosikertomus 2025 2 Solteq lyhyesti Solteq tarjoaa ohjelmistoratkaisuja ja IT-asiantuntijapalveluita energiasektorille, kaupan alalle sekä sähköisen kaupankäynnin tarpeisiin.”

Annual report 2025A · The company itself

“Retail & Commerce -segmentin tilikauden vertailukelpoinen liikevaihto oli 34,9 miljoonaa euroa (36,6).”

Annual report 2025A · The company itself

“Kundesegmenter og vesentlige klimarelaterte investeringer Konsernets kundesegmenter er bedriftsmarkedet med en eksponering på 10.888 mill. kr. og personmarkedet med en eksponering på 20.730 mill. kr. per 31.12.2024.”

Annual report 2024A · The company itself

“Lokalt næringsliv innenfor vare- og tjenestehandel har hatt et varierende år. Mens detaljhandel og kapitalvarer har hatt god omsetning, har byggevarehandel hatt redusert aktivitet og omsetning som følge av strammere konjunkturer.”

Annual report 2024A · The company itself

“På hemmamarknaderna Norden och Nordamerika säljs standardstål i viss utsträckning via servicecenter och distributörer. SSAB är även återförsäljare av stål och andra metaller via Tibnor samt erbjuder stålbaserade byggprodukter via Ruukki Construction.”

Annual report 2024A · The company itself

“The Company has certain significant customers, particularly home centers and major retailers. In 2025, the two largest customers comprised approximately 27% of consolidated net sales, with U.S. and international mass merchants and home centers collectively comprising approximately 42% of consolidated net sales.”

Annual report 2026A · The company itself

“Our retail objective is to be the leading retailer and brand of coffee and tea in each of our target markets by selling the finest quality coffee, tea, and related products, as well as complementary food offerings, and by providing each customer with a unique Starbucks Experience.”

Annual report 2025A · The company itself

“Starbucks is the premier roaster, marketer, and retailer of specialty coffee in the world, operating in 89 markets.”

Annual report 2025A · The company itself

“Other Revenues Other revenues primarily are recorded in our Channel Development segment and include sales of packaged coffee, tea, and ready-to-drink beverages to customers outside of our company-operated and licensed stores, as well as royalties received from Nestlé under the Global Coffee Alliance and other collaborative partnerships.”

Annual report 2025A · The company itself

“We compete with other North American aluminum flat rolled products producers primarily on the basis of price, quality, customer service, and proximity to the customer.”

Annual report 2025A · The company itself

“De totala kontrakterade hyresintäkterna, dvs årshyran plus schabloniserade hyrestillägg per 31 december 2024, uppgick till 1 010,6 (inklusive projekt) (1 060,1) miljoner kronor.”

Annual report 2024A · The company itself

“För att begränsa Stenhus Fastigheters exponering mot avflyttningar och hyresförluster strävar Stenhus Fastigheter efter långvariga kundrelationer samt att prioritera hyresgäster med hög kreditvärdighet, även om detta initialt kan medföra något lägre intjäning.”

Annual report 2024A · The company itself

“Euroopan aaltopahvipakkausten kysyntä kasvoi 2 % Keski- ja Itä-Euroopan, erityisesti Puolan, vetämänä. Kasvua tukivat verkkokauppa ja vähittäismyynti.”

Annual report 2025A · The company itself

“Luotettavana kumppanina toimitamme kilpailukykyisiä, korkealaatuisia pakkausmateriaaleja ja -ratkaisuja kasvavaan valikoimaan loppukäyttökohteita ja vaativia sovelluksia.”

Annual report 2025A · The company itself

“Packaging Solutions Packaging Solutions on pakkausten jatkojalostaja ja se valmistaa korkealaatuisia kuitupohjaisia pakkaustuotteita johtaville tuotemerkeille useilla markkina-alueilla, kuten vähittäis- ja verkkokaupassa sekä teollisuudessa.”

Annual report 2025A · The company itself

“Vuonna 2025 yhtiön keskeisiin tuoteryhmiin kuuluivat pakkausmateriaalit ja -ratkaisut eri toimialoille, kuten elintarvike- ja juomateollisuuteen, vähittäiskauppaan, verkkokauppaan ja teollisiin käyttökohteisiin.”

Annual report 2025A · The company itself

“Affärsområdet utvecklar och distribuerar produkter från ledande varumärken till både professionella kunder och konsumentmarknaden.”

Annual report 2024A · The company itself

“Affärsområde Trade utgörs av 25 affärsenheter som erbjuder ledande varumärken och distribuerar produkter inom bland annat inredning, hårvård och kosmetika, träning och friluftsliv samt professionell utrustning till industri och tjänstebolag.”

Annual report 2024A · The company itself

“Affärsområde Trade fokuserar på bolag med starka varumärken inom sin marknad, mestadels distributörer och grossister med både egna och externa varumärken. Trade är indelat i fyra vertikaler: Home and Living, Health and Beauty, Sports, Clothing and Accessories samt Niche Businesses. Trade består av 25 affärsenheter (32) och stod för 28 procent (28) av omsättningen under 2024.”

Annual report 2024A · The company itself

“Samlede nettolejeindtægter inkl. joint ventures udgjorde DKK 44,9m, hvor bl.a. outletcenteret i Tjekkiet bidrog positivt.”

Annual report 2025A · The company itself

“We rely on indirect distribution channels and major distributors that are independent of Stryker: In many markets we rely on indirect distribution channels to market, distribute and sell our products. These indirect channels often are the main point of contact for the healthcare professionals and healthcare organization customers who buy and use our products.”

Annual report 2025A · The company itself

“Värdeskapande för alla parter Kunderna Värna, utveckla Förvärva För kunderna och användarna möjliggörs ett brett utbud av badrumsprodukter präglade av hög kvalitet, design och funktion. och stärka Varumärkesbolagen Genom affärsmodellen värnas de enskilda varumärkenas oberoende, självständighet, identitet och entreprenörsanda.”

Annual report 2024A · The company itself

“S Försäljningen mot konsumentmarknaden är geografiskt organiserad och sker via lokala återförsäljare inom bygg- och fackhandeln, i både fysiska och digitala kanaler.”

Annual report 2024A · The company itself

“Försäljningen vänder sig primärt till konsumentmarknaden men omfattar även delar av projektmarknaden. Försäljningen till konsument sker huvudsakligen via badfackhandeln, genom stora kedjor samt en rad fristående fackhandlare och grossister.”

Annual report 2024A · The company itself

“Försäljning till konsument- och projektmarknaderna sker genom återförsäljare såsom köks- och badvarubutiker, kakelbutiker, VVS-grossister.”

Annual report 2024A · The company itself

“Försäljningen sker via olika säljkanaler, vilka inkluderar VVS- och bygghandel, grossister, inköpsgrupper, butiker och återförsäljare online.”

Annual report 2024A · The company itself

“Kunderna utgörs huvudsakligen av återförsäljare inom badrumssektorn och byggnadsmaterialsindustrin.”

Annual report 2024A · The company itself

“Lanseringen av nya butiker och koncept utgör basen i Synsams tillväxtstrategi. Synsam har byggt upp en omfattande erfarenhet när det gäller att öppna nya butiker i de länder där koncernen är verksam och har idag närmare 600 butiker i Norden. En analys av marknaden har identifierat över 200 potentiella platser för nya butiker och för perioden 2024–2026 har ett mål satts om att öppna 90 nya butiker.”

Annual report 2024A · The company itself

“Under 2024 har 46 nya butiker öppnat sina dörrar, ofta på mindre orter. Det innebär att Synsam ligger före sin ambitiösa plan, att etablera 90 nya butiker under tre år till och med 2026.”

Annual report 2024A · The company itself

“Synsam lanserade redan 2016 sina första egna varumärken. Syftet var då, liksom idag, att positionera om koncernens övergripande varumärke i riktning mot ögonmode och prisvärdhet och därmed skilja ut sig från konkurrenterna.”

Annual report 2024A · The company itself

“Detta har uppnåtts genom att implementera secondhandoch outlet-erbjudandet i ett urval av Synsams butiker.”

Annual report 2024A · The company itself

“Synsam har introducerat en unik cirkulär affärsmodell i butikskonceptet Synsam Outlet. Första butiken öppnade 2020 och vid utgången av 2024 finns konceptet i 17 butiker, där vi ger produkter en andra chans.”

Annual report 2024A · The company itself

“Synsam har ett unikt utbud av glasögon, solglasögon, sportglasögon och kontaktlinser från såväl externa välkända varumärken, som Synsams egna.”

Annual report 2024A · The company itself

“Branschens viktigaste produktkategori utgörs av glasögon, där bågar och glas tillsammans svarar för cirka 70 procent av marknaden.”

Annual report 2024A · The company itself

“Kontaktlinser utgör cirka 15 procent av marknaden och de flesta kontaktlinsbärare har glasögon eller solglasögon som komplement.”

Annual report 2024A · The company itself

“Solglasögon, som är den tredje produktkategorin, svarar för cirka 15 procent av marknaden.”

Annual report 2024A · The company itself

“Som Nordens ledande aktör inom optik, ögonmode och ögonhälsa erbjuder Synsam ett omni-koncept som väver samman Synsams digitala och fysiska sälj- och servicekanaler. I de närmare 600 butikerna erbjuds utöver produkter såsom glasögon och kontaktlinser även tjänster som exempelvis synundersökningar och stilrådgivning.”

Annual report 2024A · The company itself

“Basen i Synsams verksamhet utgörs av butiksnätverket, där kunderna kan träffa en optiker för synundersökningar, välja glasögon, solglasögon eller kontaktlinser, teckna abonnemangstjänster och även få stilrådgivning.”

Annual report 2024A · The company itself

“Glasögon är Synsams ursprungliga och största produktkategori. Koncernen erbjuder glasögon, solglasögon, sportglasögon och skidglasögon, från egna och välkända globala varumärken.”

Annual report 2024A · The company itself

“Ett betydande antal butiker kommer att etableras i mindre orter där Synsam ännu inte har någon närvaro. Per december 2024 har Synsam fem flaggskeppsbutiker, 56 Megastores och 17 Synsam Outlet-butiker.”

Annual report 2024A · The company itself

“Som en del i omikanal-koncept har Synsam etablerat en onlinebutik där i stort sett alla Synsams tjänster och produkter erbjuds kunderna – från synundersökningar till stilrådgivning.”

Annual report 2024A · The company itself

“Fortsatt tillväxt inom optik marknaden i Norden Enligt en marknadsstudie, som togs fram för Synsam 2024, uppskattades storleken på den nordiska optikbranschen att uppgå till drygt 25 miljarder kronor 2024.”

Annual report 2024A · The company itself

“Kundgruppen kontaktlinsbärare är särskilt intressant för Synsam, eftersom dessa ofta kombinerar linser med vanliga glasögon och solglasögon. Synsam säljer kontaktlinser från globala varumärken och genom det egna varumärket, EyeQ.”

Annual report 2024A · The company itself

“Foodservice operating sites distribute a full line of food products and a wide variety of non-food products to both independent and chain restaurant customers, hospitals, schools, hotels, industrial caterers and other venues where foodservice products are served.”

Annual report 2026A · The company itself

“We are dependent on a limited number of customers that account for a significant portion of our sales. Sales to our five largest customers during the fiscal year ended March 31, 2026, accounted for 80.6% of our net revenue, with Apple, Sony, Google, and Microsoft each accounting for more than 10.0% of our net revenue.”

Annual report 2026A · The company itself

“We view digital distribution as the principal channel for our industry and Company; however, we expect that packaged goods and traditional retailers will continue to be an important channel for the sale of our console products for the foreseeable future, particularly in connection with the release of certain titles for consoles or certain regions where digital distribution is not as well established.”

Annual report 2026A · The company itself

“Retailers, including digital storefronts and platform partners, may decline to sell interactive entertainment software containing what they judge to be graphic violence, sexually explicit material, or other content that they deem inappropriate. If retailers decline to sell our products based on their opinion that they contain objectionable themes, graphic violence, sexually explicit material, or other generally objectionable content, or if any of our previously "M" rated series products are rated "AO," we might be required to significantly change or discontinue particular titles or series, which in the case of our best-selling Grand Theft Auto titles could seriously affect our business.”

Annual report 2026A · The company itself

“DTC revenues were approximately 87% of total net sales in fiscal 2026. •Stores - Our brands operate freestanding retail stores, outlet stores, as well as concession shop-in-shop locations.”

Annual report 2026A · The company itself

“Our wholesale business could suffer as a result of consolidations, liquidations, restructurings and other ownership changes in the wholesale industry. Our wholesale business comprised approximately 12% of total net sales for fiscal 2026. The retail industry, including wholesale customers, has experienced financial difficulty leading to consolidations, reorganizations, restructuring, bankruptcies and ownership changes. This may continue and could further decrease the number of, or concentrate the ownership of, wholesale stores that carry our or our licensees’ products.”

Annual report 2026A · The company itself

“Wholesale Domestic Marketing Our wholesale domestic propane marketing operations primarily sell propane and related logistics services to major multi-state retailers, independent retailers and other end-users. Our propane supply originates from both our refinery/gas supply contracts and our other owned or managed Logistics and Transportation assets.”

Annual report 2025A · The company itself