Slide 1: Q2 report 2023-24
Q2 report 2023-24 Roland Kasper CEO, Anders Ulff CFO
Slide 2: Established in 1974 at HQ in Skinnskatteberg, Sweden
Established at HQ in Skinnskatteberg, Sweden 1974 Turnover Annual NASDAQ net sales in mill.R12 EUR OMX Nordic Exchange 1,100 2007 Number of countries Countries Number of Countries 18 with own sales employees exported to companies 51 Own prod. facilities, 6,600 135 total book value of SEK 1.3 bn. 2
Slide 3: Net sales Q2
Net sales Q2 Organic growth development, R12 % SEK million 25 3,186 3,037 20 2,404 15 10 % 5 Q2 2021/22 Q2 2022/23 Q2 2023/24 0 -5 4.9% 5.1% Growth Organic growth -10 Organic quarterly growth Organic growth R12 2023-08-31
Slide 4: Growth analyze Q2
Growth analyze Q2 Organic 5.1% -3.4% 3.2% 4.9% • Organic growth in all regions except the Nordic region. Acquisitions • Main impact from the divestment of the AC business. Total Currency Acquisitions/ Organic Divestments Currency • Weakened SEK against EUR, USD and CAD. 4
Slide 5: Adjusted Operating profit Q2
Adjusted Operating profit Q2 • The gross margin improved to 33.9 percent (33.3). • The adjusted operating profit for the second quarter amounted to SEK 322 million (288) The operating 322 margin amounted to 10.1 percent (9.5). The previous 288 250 year's operating profit included write-downs of the
Slide 6: Adjusted Profit after tax Q2
Adjusted Profit after tax Q2 • Net financial items for the second quarter amounted to SEK -15.4 million (-10.3). • Currency effects on long-term receivables, loans and bank balances amounted to a net of 246 SEK +17.9 million (+8.0). 208 • Interest expenses for the quarter amounted to 167 SEK -32.2 m
Slide 7: Cash flow analysis Q2
Cash flow analysis Q2 Q2 Q2 2023/24 2022/23 Cash flow from operating activities 317.0 275.1 Change in working capital 115.7 -72.0 Net investments, excl. acquisitions -84.8 -91.9 Free cash flow 347.9 111.2 Net debts 1,456.8 2,793.5 • Changes in working capital mainly due to decreased inventories -89
Slide 8: Markets
Markets Other markets North America (14) Western Europe 14% (11) (45) Eastern Europe & Nordic region the CIS (12) 12% 46% (18) 12% 16% Eastern Europé and CIS 15 % (17) 8
Slide 9: Nordic
Nordic • Sales in the Nordic region decreased during the second quarter by 3.2 16% percent compared to the previous year. • The Danish market showed a positive development during the quarter, while the turnover of the Swedish and Norwegian markets decreased. In Finland, the market was largely unchan
Slide 10: Western Europe
Western Europe • Sales development on the Western European market continued to be 46% good during the quarter with an increase of 5.9 percent compared to the corresponding period last year. • In particular, Great Britain, Spain and France showed good growth during the quarter, while turnover in Germ
Slide 11: Eastern Europe and CIS
Eastern Europe and CIS • Growth within the region, excluding Russia, amounted to 30.7 percent. 12% • Some major markets within the region showed good growth such as Hungary, Slovenia, Poland and Lithuania. • Sales in Eastern Europe and CIS increased during the quarter by 22.2 percent. Percentage of
Slide 12: North America
North America • Sales in North America increased by 2.2 percent during the quarter 12% compared to the same period last year. • Above all, the Canadian market showed growth during the quarter, while the American market was largely unchanged. Commercial ventilation projects and school ventilation is
Slide 13: Middle East, Asia, Australia and Africa
Middle East, Asia, Australia and Africa • Sales in the Middle East, Asia, Australia and Africa increased by 2.2 14% percent compared to the same period last year. • India and the Middle East region showed good growth during the period. • Adjusted for currency effects and acquisitions, sales increase
Slide 14: Systemair Norway supplier for new hospital in Narvik
Systemair Norway supplier for new hospital in Narvik A new hospital in Narvik, Norway, will bring together physical and mental health services and substance abuse treatment in a single building. Systemair will deliver 33 Geniox air handling units, smoke extract fans and additional products for speci
Slide 15: Systemair chosen supplier to school and nursery in Kokkola, Finland
Systemair chosen supplier to school and nursery in Kokkola, Finland Piispanmäki school and nursery in Kokkola, west coast of Finland, will be ready from autumn 2025. The building complex won the year 2023´s Green Forerunner Competition, thanks to its outstanding green solutions and energy efficiency
Slide 16: Hospital of Albacete, Spain
Hospital of Albacete, Spain Systemair Spain will supply 63 hygienic Geniox air handling units to the Albacete University Hospital in Spain. The units will be installed in surgery rooms and common ward areas, deliveries are expected from December 2023 to May 2024. Once the expansion and renovation of
Slide 17: Thank you, welcome with questions!
Thank you, welcome with questions! 17