Slide 1: Continued positive progress and acquisition of Swiss tech company
Area for red GROUP BEIJER ”header box” (8,09x1,26) Continued positive progress and acquisition of Swiss tech company 1 January – 30 June, 2019 Per Samuelsson, CEO & Joakim Laurén, CFO
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
Business update for the quarter 2 The overall direction is still positive despite Q2 marked a pause in the continued expansion and aim towards targets. Neratec was acquired by Westermo in early July. Order volumes on OK level despite no larger orders. Market uncertainty remains but we have n
Slide 4: Business update for the quarter
Business update for the quarter 2 Westermo continue to grow and profitability level remains healthy despite WeGrow investments into new segments, continued capacity increases and cost related to acquisition. Korenix moving forward in line with plan and close to zero result. Cash flow not where
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 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3
Slide 7: Group ― positive progress despite irregularity impact
BEIJER GROUP Group ― positive progress despite irregularity impact Q2 Q2 YTD YTD FY Comments to Q2 MSEK 2019 2018 % 2019 2018 % 2018 Order intake 377.0 371.4 2% 745.4 769.1 -3% 1,593.2 IFRS16 ― limited impact on EBIT, net Sales 381.2 360.8 6% 752.0 697.6 8% 1,417.2 +0.5 MSEK in the quarter. EBIT 2
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 ― affected by end-of-life
Beijer Electronics Beijer Electronics ― affected by end-of-life Q2 Q2 YTD YTD FY Comments to Q2 MSEK 2019 2018 % 2019 2018 % 2018 Order intake 186.2 188.4 -1% 369.6 380.1 -3% 792.2 4 older product platforms are being Sales 192.9 192.3 0% 382.4 365.4 5% 731.4 phased out during 2019 and replaced EBI
Slide 10: Westermo ― strong trend continues
Westermo Westermo ― strong trend continues Q2 Q2 YTD YTD FY Comments to Q2 MSEK 2019 2018 % 2019 2018 % 2018 Order intake 166.1 154.8 7% 328.2 331.4 -1% 687.9 Order growth without any larger Sales 164.4 142.6 15% 323.1 278.6 16% 584.2 project bookings. EBIT 20.1 19.6 3% 41.3 40.5 2% 69.7 EBIT% 12.
Slide 11: Acquisition of Neratec by Westermo
Acquisition of Neratec by Westermo At July 8, 100% of the Swiss company Neratec was acquired. Neratec is a technology company specialized in WLAN products mainly for the train and trackside sector. Sales of 6.5 MCHF (~62 MSEK) in 2018 and about 25 employees located in Bubikon. Strengthens We
Slide 12: Korenix ― recovery progress as planned
Korenix Korenix ― recovery progress as planned Q2 Q2 YTD YTD FY Comments to Q2 MSEK 2019 2018 % 2019 2018 % 2018 Order intake 32.1 32.2 0% 61.2 65.3 -6% 129.2 Orders on similar level as last year Sales 31.3 30.0 4% 60.1 61.4 -2% 117.8 that included a larger order. EBIT -0.3 -2.4 -89% -0.9 -2.0 -58
Slide 13: Agenda
Agenda Business update for the quarter Financial performance, BEIJER electronics GROUP Financial performance, business entities Financial targets Outlook Q&A
Slide 14: 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 | 14
Slide 15: Agenda
Agenda Business update for the quarter Financial performance, BEIJER electronics GROUP Financial performance, business entities Financial targets Outlook Q&A
Slide 16: Outlook for 2019
Outlook for 2019* ” BEIJER GROUP is expecting to improve sales and earnings for the full year 2019 compared to the figures for 2018 “ * Unchanged from last quarter | 16
Slide 17: Agenda
Agenda Business update for the quarter Financial performance, BEIJER electronics GROUP Financial performance, business entities Financial targets Outlook Q&A
Slide 18: BEIJER GROUP
BEIJER GROUP BEIJER GROUP