Fagerhult Group Ab · OMXSTO:FAG
Fagerhult Group Ab — Q1 2025 Earnings Presentation
25 slides from Fagerhult Group Ab's earnings presentation, Apr 29, 2025
Slide 1: 2025 Q1 Results Presentation
2025 Q1 Results Presentation 29 April 2025
Slide 2: CEO comments
CEO comments ─ An all-time high order intake, we remain successful in winning large projects ─ General market activity levels remain unpredictable ─ Gross profit margins improving and cost base reducing – good future indications ─ The Trato TLV acquisition will put us second on the French market for
Slide 3: Q1 2025 in figures
Q1 2025 in figures Order intake: 2 227 MSEK (2 102) +5,9% organic Net sales: 1 940 MSEK (2 180) –11,0% organic Operating profit before IAC : 145 MSEK (220) Operating margin before IAC: 7,5% (10,1%) Earnings per share before IAC: 0,43 SEK (0,78) 3
Slide 4: Our operating model
Our operating model Business Collection Premium Professional Infrastructure areas Smart lighting Strategic People & Innovation Sustainability focus areas Culture 4
Slide 5: Our operating model
Our operating model Business Collection Premium Professional Infrastructure areas Smart lighting Strategic People & Innovation Sustainability focus areas Culture 5
Slide 6: Professional
Professional Lighting solutions for selected applications, tailored to local market demands ─ Focus on local and neighbouring markets ─ Local product development and production to deliver bespoke solutions, close to the customer ─ Work closely with local partners on project specifications to deliver
Slide 7: Brand profile (Ankara)
Brand • Founded in 1991 as a cable tray workshop • Joined the Fagerhult Group in 2014 • Based in Ankara Focus • Strong customer focus with products tailored for local market demands • High quality, accredited lighting laboratory Applications • Office, Education, Healthcare and selected Outdoor 7
Slide 8: Brand profile (Melbourne)
Brand • Established in 1972 • Joined the Fagerhult Group in 2007 • Based in Melbourne Focus • Strong brand in the local market – “Made in Australia” • Promoting some Group brands locally, e.g. Designplan • Leader in smart lighting, being based in the same city as Organic Response Applications • Offi
Slide 9: Brand profile (Manchester)
Brand • Founded in 1945, one of UK’s largest manufacturer of lighting solutions • Joined the Fagerhult Group in 2005 • Based in Manchester Focus • Leader in smart and sustainable lighting solutions • Successfully adopted our smart agenda throughout the business and working close to key stakeholders
Slide 10: Announced signing of agreement to acquire Trato TLV
Announced signing of agreement1 to acquire Trato TLV 1945 1974 2005 2007 2010 2011 2013 2014 2016 2017 2018 2019 2021 10 1. Pending regulatory approval
Slide 11: Retail Lighting, Medical supply units and healthcare interior
Retail Lighting Medical supply units and healthcare interior 11
Slide 12: Trato TLV brand profile
Brand • Founded in 1947, TLV added in 1980 • Closing of the transaction expected to be in Q2 2025 • Based in Lille Focus • Strong retail offering with innovative solutions (Trato) • Customer-oriented with long-term relationships • Highly customized healthcare equipment offering (TLV) Applications •
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Slide 14: Financial summary Q1
Fagerhult Group Financial summary Q1 MSEK Q12025 Q12024 Net sales 1940 2180 -11,0% - Organic growth -240 -11,0% -FX-differences (e) Operating profit before IAC 145 220 -34,0% Operating profit before IAC, % 7,5% 10,1% -2,6 p.p. Earnings per share before IAC, SEK 0,43 0,78 Operating cash flow 26 114
Slide 15: Sales development
Sales development Net sales R12 Net sales R12, MSEK 15
Slide 16: Margin development
Margin development Operating margin before IAC by quarter and R12 Operating margin before IAC,% Rolling 12 months 16
Slide 17: Collection
Collection Financials Q1 ─ Order intake 1 022 (936) MSEK, organic +9,0% ─ Net sales 889 (1 006) MSEK, organic –11,7% ─ Operating margin before IAC 7,7% (11,1%) Business update ─ Record Q1 order intake, King Salman Park 123 MSEK ─ Difficult first quarter trading result, but… ─ Cost reductions will en
Slide 18: Premium
Premium Financials Q1 ─ Order intake 726 (729) MSEK, organic –0,4% ─ Net sales 694 (762) MSEK, organic –8,9% ─ Operating margin before IAC 14,6% (15,2%) Business update ─ Order intake remains flat in a volatile market ─ Continued healthy margins despite tough markets ─ Further cost reductions expect
Slide 19: Professional
Professional Financials Q1 ─ Order intake 275 (233) MSEK, organic +18,0% ─ Net sales 210 (261) MSEK, organic –18,6% ─ Operating margin before IAC –2,2% (7,1%) Business update ─ Order intake in Q4 and Q1 2025 has been very strong ─ Significant increase in order backlog ─ Cost reductions completed in
Slide 20: Infrastructure
Infrastructure Financials Q1 ─ Order intake 203 (204) MSEK, organic –0,5% ─ Net sales 206 (222) MSEK, organic –7,0% ─ Operating margin before IAC 11,0% (10,6%) Business update ─ Order backlog at a good level ─ Veko cost base reduction in Q4 now benefitting the operating result ─ Good order intake at
Slide 21: Cash flow
Cash flow Operating cash flow by quarter and R12 Cash flow by quarter, MSEK Rolling 12 months 21
Slide 22: Net debt development
Net debt development Net debt and Net debt/EBITDA ratio Net debt, MSEK Net debt/EBITDA* *EBITDA adjusted for acquisitions/divestments on a proforma basis and excluding items affecting comparability 22
Slide 23: Earnings per share
Earnings per share Earnings per share by quarter and R12 Earnings per share before IAC by quarter, SEK Rolling 12 months * 23
Slide 24: Conclusions and recap
Conclusions and recap ─ We have delivered a positive order intake thanks to large orders ─ Cost reductions have and are continuing to be made ─ Global political situation is not good for new build investment decisions ─ However, there are increasing positive signs in renovation ─ We look forward to
Slide 25: Questions?