Slide 1: Lindab Group Q1 2019
lindab | we simplify construction Lindab Group Q1 2019 Ola Ringdahl – President and CEO Malin Samuelsson – CFO
Slide 2: Agenda
Agenda • Summary and overview • Financials • Highlights and focus going forward • Outlook • Summary and Q&A
Slide 3: Summary and overview
Summary and overview ©Lindab
Slide 4: Key highlights Q1 2019
Key highlights Q1 2019 Highest Q1 net profit ever +8% SEK 192m SEK 142m Net sales increased to SEK 2,315 m (2,153) Adj. operating profit SEK 192 m (104) Profit for the period increased to SEK 142 m (46). and adj. operating margin 8.3% (4.8) Earnings per share increased to SEK 1.85 (0.60) Decentralis
Slide 5: Organic growth in all major geographical regions
Organic growth in all major geographical regions Growth 45% 5% CEO comments ”It is very satisfying to see that all three business areas as well as all major geographical regions contribute positively to the Group’s improvements” Nordic Ola Ringdahl, President and CEO Growth 4% 18% Growth 36% 13% CEE
Slide 6: Our offering by business area
Our offering by business area VENTILATION SYSTEMS PROFILE SYSTEMS BUILDING SYSTEMS Share of net sales 2018 by business area 11% 27% Focus Focus Focus 62% Ventilation Systems offers air Profile Systems offers the Building Systems offers duct systems with accessories construction industry products com
Slide 7: Financials
Financials ©Lindab
Slide 8: Lindab Group financial highlights Q1 2019
Lindab Group financial highlights Q1 2019 Improved profitability in all business areas Key figures • Net sales increased organically by 5% to SEK 2,315 m Q1´19 Incl. Q1´19 Excl. Q1´18 Excl. Chg % Excl. (2,153). SEK m IFRS 16 IFRS 16 IFRS 16 IFRS 16 • EBIT increased mainly as a result of sales growth
Slide 9: Ventilation Systems financial highlights Q1 2019
Ventilation Systems financial highlights Q1 2019 Good organic growth and improved profitability Net Sales, SEK m • Net sales increased to SEK 1,513 m (1,388) with organic 2,000 6000 growth of 5%. 1,500 5800 1,000 5600 • Positive organic growth in all major geographical regions 500 5400 with particul
Slide 10: Profile Systems financial highlights Q1 2019
Profile Systems financial highlights Q1 2019 Strong gross margin improvement Net Sales, SEK m • Net sales increased to SEK 525 m (509) with organic 800 2500 growth of 2%. 600 2450 • Continued good growth with particularly strong sales 400 200 2400 2350 development in the CEE/CIS region. 0 0 2300 Qua
Slide 11: Building Systems financial highlights Q1 2019
Building Systems financial highlights Q1 2019 Continued turnaround according to plan Net Sales, SEK m • Net sales increased to SEK 277 m (256) with organic 300 1,100 growth of 5%. 1,000 200 900 • EBIT improvement explained by higher sales and lower 100 800 700 operating costs. 0 600 0 Q2 Q3 Q4 Q1 Q2
Slide 12: Lindab Group cash flow Q1 2019
Lindab Group cash flow Q1 2019 Positive cash flow in Q1 Cash flow operating activities, SEK m • Adjusted free cash flow amounted to SEK 35 m (21) in Q1. 300 650 • The improvement in free cash flow YTD is due to significantly 200 500 100 350 higher operating profit, which largely has been offset by c
Slide 13: Highlights and focus going forward
Highlights and focus going forward
Slide 14: Highlights
Highlights Ventilation Systems Lindab 60 years anniversary In January 2019, a new department for indoor On February 6, 1959, AB Lidhults Plåtindustri was founded in Grevie, climate innovation was opened in Helsingborg, Sweden. It was the start of the company that 10 years later was Sweden – Lindab I
Slide 15: Current focus areas
Current focus areas Decentralisation with Sustainable Customer satisfaction Investment in clearer accountability profitability in line with through delivery efficiency and capacity financial targets excellence $ 15
Slide 16: Investment in efficiency and capacity
Investment in efficiency and capacity Investment programme in 2019–2021 Investments vs. depreciations, Lindab Group Depreciations & amort. (excl. amort. related to acquisitions) • Investments in manufacturing operations have been 300 Investments (excl. Adcquistions/divestments and sales & leaseback)
Slide 17: Outlook
Outlook
Slide 18: Market development
Market development Increased market uncertainty but still good demand Construction Output & Sentiment in EU Source: Eurostat and European Commission • The European economy is currently experiencing a slowdown in growth rate of both GDP and industrial order bookings. • In April, IMF revised down thei
Slide 19: Summary and Q&A
Summary and Q&A ©Lindab
Slide 20: Key highlights Q1 2019
Key highlights Q1 2019 Highest Q1 net profit ever +8% SEK 192m SEK 142m Net sales increased to SEK 2,315 m (2,153) Adj. operating profit SEK 192 m (104) Profit for the period increased to SEK 142 m (46). and adj. operating margin 8.3% (4.8) Earnings per share increased to SEK 1.85 (0.60) Decentralis
Slide 21: Thank you Q&A
Thank you Q&A