Slide 1: Q2 report Apr-Jun 2024
Q2 report Apr-Jun 2024 JONAS GUSTAVSSON, PRESIDENT & CEO BO SANDSTRÖM, CFO JULY 16, 2024
Slide 2: Q2: Improved profitability in a stable quarter
Q2: Improved profitability in a stable quarter SEQUENTIALLY IMPROVED GROWTH — Total growth of 4.7% and 2.2% adj. organic — Continued mixed market 7,191 Net sales, SEK million — Stable order stock of SEK 20 billion IMPROVED PROFITABILITY 4.7 Total growth, % — EBITA was SEK 572 million (421) and the E
Slide 3: Market update
Market update INDUSTRIAL SECTOR — Mixed market as experienced in previous quarters — Stable demand in several segments, such as automotive, life science & defence — Weak demand in pulp & paper, as well as telecom and IT consultants ENERGY SECTOR — Strong demand driven by energy transition INFRASTRUC
Slide 4: Divisional overview
Divisional overview Strengthen position and profitability in infrastructure Scale globally in Grow Nordic decarbonisation, industrial and digital energy and portfolio, expand biobased materials internationally in niches Process Energy Management Infrastructure Industrial Industries Consulting & Digi
Slide 5: Advisor to the public service company NRK for a new headoffice
Advisor to the public Technical analysis for Partner to the foodtech service company NRK Vattenfall’s pumped company cReal for new for a new headoffice power station, Juktan, production facility in and media house in in Sweden Sweden Norway INTERNAL
Slide 6: Financial overview
Financial overview NET SALES; QUARTERLY AND R12; SEK MILLION EBITA; QUARTERLY AND R12; SEK MILLION; EXCL. IAC 27 276 2 072 2 085 25 692 1 787 21 573 7 191 6 869 572 5 975 451 421 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24
Slide 7: Net Sales
Net Sales NET SALES; SEK MILLION COMMENTS — Price development in quarter compensating for lower number of FTE’s, reductions since mid 2023 +2.2% +4.7% — Calendar effect of 9 hours more, corresponding to SEK 135 million on net 7,191 sales 33 7,023 135 6,869 154 Q2 2023 Price/ Volume Adj. Org Calendar
Slide 8: Growth development
INFRASTRUCTURE 3.2 3.7 Growth development Q1 2024 Q2 2024 INDUSTRIAL & DIGITAL SOLUTIONS 1.8 0.4 Q1 2024 Q2 2024 ADJUSTED ORGANIC GROWTH; YoY; % 10.8 PROCESS INDUSTRIES 8.9 -3.9 -5.9 5.9 Q1 2024 Q2 2024 ENERGY 2.2 8.8 0.5 1.3 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q1 2024 Q2 2024 MANAGEMENT COMMENT
Slide 9: Order stock
INFRASTRUCTURE 8.8 8.5 Order stock Q2 2023 Q2 2024 INDUSTRIAL & DIGITAL ORDER STOCK; SEK BILLION SOLUTIONS 2.7 3.0 Q2 2023 Q2 2024 -3.2% 19.9 20.6 20.4 20.4 19.9 19.3 PROCESS INDUSTRIES 3.6 2.6 Q2 2023 Q2 2024 ENERGY 4.9 5.3 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q2 2023 Q2 2024 MANAGEMENT
Slide 10: EBITA development
EBITA MARGIN; % INFRASTRUCTURE 7.7 4.0 EBITA development Q2 2023 Q2 2024 INDUSTRIAL & DIGITAL SOLUTIONS EBITA; SEK MILLION; EXCL. IAC 5.8 6.4 +47 Q2 2023 Q2 2024 572 525 PROCESS 104 INDUSTRIES 421 11.5 9.3 Q2 2023 Q2 2024 ENERGY Q2 2023 Calendar effect Cal. Adj. Q2 2023 Q2 2024 9.0 9.8 EBITA margin
Slide 11: Underlying margin development stable
Underlying margin development stable EBITA MARGIN; %, EXCL IAC 2023 Actual COMMENTS 2023 Cal. Adj. — Continuous improvements on cal.adj. EBITA margin last quarters, increasingly 2024 Actual driven by Division Infrastructure — Underlying margin stable, variations in EBITA margin mainly related to cal
Slide 12: Cash flow and financial position
Cash flow and financial position OPERATIVE CASH FLOW; SEK MILLION AVAILABLE LIQUIDITY; SEK BILLION -84 -0.9 958 4.6 4.2 4.1 4.2 3.8 3.8 504 420 278 54 108 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 FINANCIAL NET DEBT; EXCL. IFRS16; SEK BILLION NET
Slide 13: Focus on continuous improvement
Focus on continuous improvement 1 2 3 Improve profitability with Continue to build on our Enhance efficiency and continued focus on strong position in the flexibility in a mixed Infrastructure improvement industry and energy market programme sectors INTERNAL
Slide 14: Making Future
Making Future