1. Introduction 2. Preliminary H1 results and 2025 guidance 3. Q&A Guidance announcement Presented by Jens E. Andersen, CEO Michael H. Jeppesen, CFO 1 8 August 2025 AGENDA 2 Introduction Q2 2025 development Initiatives launched in H1 Guidance lowered 3 • Unexpected market slowdown for Industry and to a lesser extent for Installation. • Trade and Climate & Energy delivered growth driven by Solar Polaris' sales to a major solar park project. • July showed even more disappointing revenue growth in all key mark ...