Lagercrantz Group Ab Class B · OMXSTO:LAGR_B
Lagercrantz Group Ab Class B — Q3 2012/13 Earnings Presentation
16 slides from Lagercrantz Group Ab Class B's earnings presentation, Jan 31, 2013
Slide 1: Interim report Q3 2012/13
Interim report Q3 2012/13 1 April 2012 – 31 December 2012 (9 months) 31 January 2013 Jörgen Wigh, President and CEO Bengt Lejdström, CFO
Slide 2: Technology group with leading positions in niches
Introduction to Lagercrantz Group Technology group with leading positions in niches Lagercrantz Group Electronics Mechatronics Communications Niche Products 9 profit centres 8 profit centres 9 profit centres 5 profit centres 7 countries 5 countries 4 countries 2 countries Technology group in elect
Slide 3: Divisions
Introduction to Lagercrantz Group Divisions Electronics Mechatronics Communications Niche Products • Embedded electronics • Electrical connection systems • Digital image transmission • Niched steel products • Lighting control • Electric security technology/technical security • Components for conveyo
Slide 4: Business situation
Interim Report Business situation Sales continued to be stable as a whole during the quarter. The exception is a few units in division Mechatronics and the units in Finland. Sales growth overall of 3 percent for the quarter, as well as for the entire nine-month period. Organic growth, measured
Slide 5: Third quarter 2012/13
Interim report Third quarter 2012/13 October–December 2012 Net revenue increased by 3 % to MSEK 587 (569) A growth of 3%, which is equivalent to organic growth measured in local currency of -5% Operating profit increased by 24 % MSEK 52 (42) Operating margin reached 8.9 % (7.4). Profit aft
Slide 6: 9 months 2012/13
Interim report 9 months 2012/13 April–December 2012 Net revenue for the first six months increased by 3 percent to MSEK 1,709 (1,663). A growth of 3%, which is equivalent to organic growth measured in local currency of -3% Operating profit increased by 17 percent to MSEK 154 (132). The opera
Slide 7: Results by division
Interim report Results by division NET SALES 2012/13 2011/12 MSEK 9 months Q3 Q2 Q1 Q4 9 months Q3 Q2 Q1 Apr - Dec Apr - Dec Electronics 457 159 149 149 158 448 147 152 149 Mechatronics 524 169 174 181 199 571 197 192 182 Communications 569 210 178 181 203 536 188 169 179 Niche Products 159 49 55 55
Slide 8: Organic growth and growth via acquisitions
Interim report Organic growth and growth via acquisitions Apr – Dec MSEK 2011/12 FX Organic M&A 2012/13 Net sales 1,663 -32 -46 125 1,709 y-o-y -1.9% -2.8% 7.5% 2.8% CM 548 -9 -8 66 597 y-o-y -1.6% -1.4% 12.0% 9.0% EBIT 132 -2 7 17 154 y-o-y -1.6% 5.4% 13.0% 16.8% 8
Slide 9: Focus on value added
Focus on value added Gross margin, % 30.8 Focus on value creation and 28.0 29.0 26.3 26.5 gross margins. 24.5 25.3 20.8 21.2 Goal-setting Training Phasing out products with low margins. Increased element of proprietary products. 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 Acqui
Slide 10: Acquisitions
Interim report Acquisitions 2006 Nordic Alarm (Communications) Elpress-gruppen (Mechatronics) K&K Oy (Communications) 2007 Direktronik (Communications) System Solution AS (Electronics) 2008 CAD Kompagniet A/S (Communications) Cobs AB (Communications) Five acquisitions 2010 Norwesco AB (Mechatronics)
Slide 11: Elkapsling
Elkapsling Elkapsling develops, produces and sells enclosures which are used to protect electrical and telecom installations with high demand on e.g. endurance and tightness. Customers are found mainly among the Swedish installation companies, cabinet suppliers, electric wholesalers and OEM. E
Slide 12: Elkapsling – recorded results
Elkapsling – recorded results Income Statement Financial year: Jan-Dec (TSEK) 2007 2008 2009 2010 2011 Turnover 86,310 84,432 81,147 80,885 91,149 Operating profit (EBIT) 17,169 16,455 12,847 14,444 18,480 -EBIT margin 20% 20% 16% 18% 21% 12
Slide 13: Acquisitions
Acquisitions Continued important part of Lagercrantz’ growth strategy. Supplementary acquisitions and new areas. Continued focus on product companies. Strong balance sheet, good quality and quantity concerning possible acquisitions. Dedicated organization in the Nordic countries. 13
Slide 14: Revenue and profit
Revenue and profit Rolling 12 months, quarterly data Net Sales Profit after finance items 2 500 200 180 Profit after finance items, MSEK 2 000 160 Net Sales, MSEK 140 Operational improvements 1 500 Acquisitions 120 (product companies) 100 1 000 80 Recovery Action program Acquisitions 60 in recession
Slide 15: Lagercrantz today
Summary Lagercrantz today Well functioning business concept and a number of strong market positions in interesting niches. Decentralization generates dedicated employees. Policies and measures to adapt to the prevailing situation. Take-off with a new division. Increased share of own products a
Slide 16: Thank you!
Lagercrantz Group