Ependion Ab · OMXSTO:EPEN
Ependion Ab — Beijer Group — Q4 2019 Earnings Presentation
17 slides from Ependion Ab's earnings presentation, February 2020
Slide 1: Westermo driving the Group’s sales and earnings performance
BEIJER Area for red GROUP ”header box” (8,09x1,26) Area for ”big and left” picture Area for ”right” picture Position from top left corner: Position from top right corner: Horizontal 0,5 cm Horizontal 0 cm Vertical 0,5 cm Vertical 0,5 cm Westermo driving the Group’s sales and earnings performance 1 J
Slide 2: Agenda
Agenda Business update for the quarter Financial performance, BEIJER GROUP Financial performance, business entities Financial targets Outlook Q&A
Slide 3: Business update for the quarter, i)
Business update for the quarter, i) Convincing progress for Westermo with growth and profitability improvement for the quarter while still investing in the new segments Power Distribution and Rail Trackside. The acquisition of the Irish company Virtual Access in the quarter broadens the wireless
Slide 4: Business update for the quarter, ii)
Business update for the quarter, ii) Mixed performance picture in the quarter where Westermo is on track, Beijer Electronics continued hampered by irregularities due to end-of- life, while Korenix did not achieve the sales volumes as expected. Beijer Electronics is expected to stabilize as the p
Slide 5: Agenda
Agenda Business update for the quarter Financial performance, BEIJER electronics GROUP Financial performance, business entities Financial targets Outlook Q&A
Slide 6: Sales Order intake
BEIJER GROUP Order intake Sales 450 1 800 450 1 800 400 1 600 400 1 600 350 1 400 350 1 400 300 1 200 300 1 200 MSEK by LTM MSEK by LTM MSEK by Qtr MSEK by Qtr 250 1 000 250 1 000 200 800 200 800 150 600 150 600 100 400 100 400 50 200 50 200 0 0 0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Slide 7: Group ― mixed in quarter but good yearly improvement
BEIJER GROUP Group ― mixed in quarter but good yearly improvement Q4 Q4 YTD YTD FY MSEK 2019 2018 % 2019 2018 % 2018 Comments to Q4 Order intake 406.9 452.0 -10% 1,557.2 1,593.2 -2% 1,593.2 IFRS16 − limited impact on EBIT, net Sales 415.3 381.2 9% 1,558.7 1,417.2 10% 1,417.2 +0.6 MSEK in the quart
Slide 8: Agenda
Agenda Business update for the quarter Financial performance, BEIJER electronics GROUP Financial performance, business entities Financial targets Outlook Q&A
Slide 9: Beijer Electronics ― bumpy, and long term agreement with Otis
Beijer Electronics Beijer Electronics ― bumpy, and long term agreement with Otis Q4 Q4 YTD YTD FY MSEK 2019 2018 % 2019 2018 % 2018 Comments to Q4 Order intake 197.9 231.5 -15% 732.2 792.2 -8% 792.2 The irregularities caused by the Sales 193.8 191.5 1% 756.2 731.4 3% 731.4 phasing out of 4 older g
Slide 10: Westermo ― solid development including multiple initiatives
Westermo Westermo ― solid development including multiple initiatives Q4 Q4 YTD YTD FY MSEK 2019 2018 % 2019 2018 % 2018 Comments to Q4 Order intake 183.8 188.3 -2% 725.8 687.9 6% 687.9 Good development with organic Sales 199.3 167.3 19% 705.2 584.2 21% 584.2 growth and profit improvement. EBIT 22.
Slide 11: Korenix ― sales shortage behind the loss
Korenix Korenix ― sales shortage behind the loss Q4 Q4 YTD YTD FY MSEK 2019 2018 2019 2018 2018 Comments to Q4 % % Order intake 29.6 35.7 -17% 121.8 129.2 -6% 129.2 Korenix did not achieve break-even Sales 26.5 25.8 3% 119.9 117.8 2% 117.8 due to sales shortage. A handful of EBIT -2.8 -4.1 -33% -4
Slide 12: Agenda
Agenda Business update for the quarter Financial performance, BEIJER electronics GROUP Financial performance, business entities Financial targets Outlook Q&A
Slide 13: Financial targets for the group
Financial targets for the group* Within a 2-3 year timeframe, the group will achieve minimum organic growth of 7% per year , and in the first phase, achieve a minimum EBIT margin of 10% , measured as an average over a business cycle. * Decided by the board in 2016 | 13
Slide 14: Agenda
Agenda Business update for the quarter Financial performance, BEIJER electronics GROUP Financial performance, business entities Financial targets Outlook Q&A
Slide 15: Outlook for 2020
Outlook for 2020 ”BEIJER GROUP expects to increase sales and earnings for the full year 2020 compared to 2019” | 15
Slide 16: Agenda
Agenda Business update for the quarter Financial performance, BEIJER electronics GROUP Financial performance, business entities Financial targets Outlook Q&A
Slide 17: Beijer Group
BEIJER GROUP BEIJER GROUP