Lindab International Ab · OMXSTO:LIAB
Lindab International Ab — Q3 2018 Earnings Presentation
19 slides from Lindab International Ab's earnings presentation, 2018
Slide 1: Lindab Group Q3 2018
lindab | we simplify construction Lindab Group Q3 2018 Ola Ringdahl – President and CEO Malin Samuelsson – CFO
Slide 2: Agenda
Agenda • Summary and overview • Financials • Highlights • Outlook • Summary and Q&A
Slide 3: Summary and overview
Summary and overview ©Lindab
Slide 4: Key highlights Q3 2018
Key highlights Q3 2018 Strong sales growth and improved profitability +15% Net sales increased to SEK 2,397 m (2,081) SEK 209m Operating profit SEK 209 m (162), SEK 152m Profit for the period increased to SEK 152 m (115). excluding one-off items of SEK -9 m (-8), Earnings per share increased to SEK
Slide 5: Good organic sales growth across Europe
Good organic sales growth across Europe Growth 43% 9% CEO comments ”Continued strong sales for the Group, particularly in the Nordics and the CEE/CIS region” Nordic Growth Ola Ringdahl, 22% President and CEO 21% Growth 33% 4% CEE/CIS Western Europe 5 Note: Information refers to share of total sales
Slide 6: Strong growth in most product areas
Strong growth in most product areas Segment/Product areas Growth Comments Q3 2018 Products & Solutions Continued good sales development in general with particularly strong growth in the Nordics and the Ventilation Products CEE/CIS region. Indoor Climate Solutions Strong sales trend with good momentu
Slide 7: Financials
Financials ©Lindab
Slide 8: Lindab Group financial highlights Q3 2018
Lindab Group financial highlights Q3 2018 Solid sales growth in both segments Key figures • Net sales increased organically by 8% to SEK 2,397 m SEK m Q3´18 Q3´17 Chg % (2,081). Net Sales 2,397 2,081 15 • EBIT margin increased mainly as a result of sales Organic, % 8 growth. Structure1, % 1 • Net pr
Slide 9: Products & Solutions financial highlights Q3 2018
Products & Solutions financial highlights Q3 2018 Highest net sales in a quarter ever Net Sales, SEK m • Net sales increased to SEK 2,125 m (1,850) with organic growth 2 200 8 400 of 7%. 1 650 8 000 1 100 7 600 • Continued good growth in all European regions with particularly 550 7 200 0 60800 stron
Slide 10: Building Systems financial highlights Q3 2018
Building Systems financial highlights Q3 2018 Strong quarter across the board Net Sales, SEK m 300 1 100 • Net sales increased to SEK 272 m (231) with organic growth of 1 000 200 12%. 900 800 100 • EBIT margin mainly explained by higher sales, favourable market 700 0 600 0 mix and benefits from turn
Slide 11: Lindab Group cash flow Q3 2018
Lindab Group cash flow Q3 2018 Free cash flow positively impacted by working capital Cash flow operating activities, SEK m • Adjusted free cash flow amounted to SEK 243 m (-67). 300 650 200 • Improved cash flow mainly related to higher level of prepayment 500 100 350 200 projects and favourable impa
Slide 12: Highlights
Highlights ©Lindab
Slide 13: Highlights: Building Systems
Highlights Building Systems Extension of Prerov facility as part of turnaround programme • During the quarter Building Systems received twelve orders above SEK 10 m, whereof the two largest were: - Manufacturing building in Poland from a repeat customer, worth over SEK 110 m. Ribbon cut ceremony in
Slide 14: Highlights: Strategic assessment
Highlights Strategic assessment • The strategic assessment of the non-ventilation related business that was initiated in 2017 has now been completed. • The strategic review has shown that there are valuable cost synergies between the different businesses within Products & Solutions. • Lindab will co
Slide 15: Outlook
Outlook
Slide 16: Market development
Market development Continued good market conditions but expected slowdown Construction Output & Sentiment in EU Source: Eurostat and European Commission • The European economy is experiencing a slight slowdown in growth rate of both GDP and industrial order bookings. Consumer confidence has also sta
Slide 17: Summary and Q&A
Summary and Q&A ©Lindab
Slide 18: Key highlights Q3 2018
Key highlights Q3 2018 Strong sales growth and improved profitability +15% Net sales increased to SEK 2,397 m (2,081) SEK 209m Operating profit SEK 209 m (162), SEK 152m Profit for the period increased to SEK 152 m (115). excluding one-off items of SEK -9 m (-8), Earnings per share increased to SEK
Slide 19: Thank you Q&A
Thank you Q&A