Slide 1: Half year financial report 1.1-30.6.2018
Half year financial report 1.1-30.6.2018 Jukka Rinnevaara CEO Teleste Proprietary. All rights reserved. Unclassified 1
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by the Company. The information on which it is based has not been independently verified by any other person. This presentation is not intended to provide the basis of any investment decision and should not be considered as a recommendation by the Compa
Slide 3: Business areas
Business areas Video and Broadband Solutions Network Services Broadband networks and video security Comprehensive service solutions for and information solutions cable networks Teleste Proprietary. All rights reserved. Company restricted
Slide 4: Market area and personnel
Market area and personnel Teleste´s expertise and competitive egde are based on the motivated and professional personnel. Teleste employs over 1400 people. Outside Finland worked 65 % of the personnel. Teleste Proprietary. All rights reserved. Company restricted
Slide 5: Teleste Group - Q2 2018
Teleste Group - Q2 2018 Orders received decreased year-on-year and quarter-on-quarter in Video and Broadband Solutions. Order backlog increased by 31.5% on the reference period. Both business areas increased their net sales year-on-year and quarter-on-quarter. Operating result was clearly posi
Slide 6: Video and Broadband Solutions - Q2 2018
Video and Broadband Solutions - Q2 2018 Orders received decreased clearly both y-o-y and q-o-q. Orders received decreased in access network products. Order backlog increased by 31.5 % y-o-y. Net sales was on par y-o-y and increased q-o-q. Net sales increased in video security and information sol
Slide 7: Network Services - Q2 2018
Network Services - Q2 2018 Both orders received and net sales grew y-o-y and q-o-q. Net sales increased in Germany and England. In Germany, net sales were increased by deliveries for a large project and the service rates implemented according to the new frame agreement signed with our main custome
Slide 8: Teleste Group, January – June 2018
Teleste Group, January – June 2018 1-6 2018 1-6 2017 Change 1-12 2017 Orders received, M€ 126,8 138,1 -8,2 % 262,9 Net sales, M€ 124,5 119,6 +4,0 % 234,6 EBIT, M€ 4,3 -9,0 -7,5 EBIT, % 3,4 % -7,6 % -3,2 % EBIT 1), M€ 4,3 0,3 +1573 % 2,5 Net profit, M€ 2,9 -9,6 -9,1 Operative cash flow, M€ 6,1 14,3 -
Slide 9: Video and Broadband Solutions, January – June 2018
Video and Broadband Solutions, January – June 2018 1-6 2018 1-6 2017 Change 1-12 2017 Orders received, M€ 72,1 90,7 -20,4 % 170,4 Net sales, M€ 69,8 72,2 -3,3 % 142,1 EBIT, M€ 3,1 2,9 +6,4 % 4,9 EBIT, % 4,4 % 4,0 % 3,4 % EBIT 1), M€ 3,1 2,9 +6,4 % 5,6 Average personnel 718 764 -6,0 % 763 1) Excludin
Slide 10: Network Services, January – June 2018
Network Services, Janury – June 2018 1-6 2018 1-6 2017 Change 1-12 2017 Orders received, M€ 54,7 47,5 +15,2 % 92,5 Net sales, M€ 54,7 47,5 +15,2 % 92,5 EBIT, M€ 1,2 -11,9 -12,4 EBIT, % 2,3 % -25,1 % -13,4 % EBIT 1), M€ 1,2 -2,6 -3,1 Average personnel 703 749 -6,1 % 729 1) Excluding goodwill impairme
Slide 11: Orders received
Orders received Teleste, M€ 262,9 251,3 244,3 250 199,3 200 4Q 150 126,8 H1 -8,2% M€ 3Q 64,5 2Q 100 67,2 60,2 64,1 1Q 50,3 50 0 2014 2015 2016 2017 1-6/18 Teleste Proprietary. All rights reserved. Unclassified 11 11
Slide 12: Net sales
Net sales Teleste, M€ 259,5 247,8 250 234,6 197,2 200 4Q 150 M€ 124,5 3Q H1 +4,0% 2Q 100 67,5 59,7 58,7 65,2 1Q 49,4 50 0 2014 2015 2016 2017 1-6/18 Teleste Proprietary. All rights reserved. Unclassified 12 12
Slide 13: Operating result
Operating result Teleste Group, M€ 15,6 16 14,3 11,1 12 8 4,3 4Q 4 3,9 2,5 H1 1573% M€ 2,5 3Q 1,4 3,5 0 0,0 2Q 1Q -4 -9,3 -8 -7,5 2017* excluding -12 • 7,7 M€ goodwill impairment 2014 2015 2016 2017 2017* 1-6/18 • 2,4 M€ restructuring provisions Teleste Proprietary. All rights reserved. Unclassified
Slide 14: Earnings per share
Earnings per share Teleste Group, EUR 0,80 0,65 0,61 0,60 0,48 0,40 0,20 0,16 4Q 0,10 0,16 0,05 0,13 EUR 0,00 3Q 2Q -0,20 -0,54 1Q -0,40 -0,50 -0,60 -0,80 2014 2015 2016 2017 1-6/18 Teleste Proprietary. All rights reserved. Unclassified 14 14
Slide 15: Cashflow from operations
Cashflow from operations Teleste Group, M€ 18 9,2 4,9 8,8 19,3 6,1 16 14,1 14 12 10 1Q 8 2Q M€ 6 3Q 4 3,1 4Q 2 0,3 0,5 0 -2 -4 -2,2 2014 2015 2016 2017 1-6/18 Teleste Proprietary. All rights reserved. Unclassified 15 15
Slide 16: Equity ratio (at the end of period)
Equity ratio (at the end of period) Teleste 60% 50% 53,4 % 52,5 % 48,3 % 48,3 % 46,8 % 40% 30% 20% 10% 0% 2014 2015 2016 2017 1-6/2018 Teleste Proprietary. All rights reserved. Unclassified 16 16
Slide 17: Gearing (at the end of the period)
Gearing (at the end of the period) Teleste 50% 40% 30% 26,3 % 25,0 % 20% 16,8 % 15,2 % 10% 9,5 % 0% 2014 2015 2016 2017 1-6/2018 Teleste Proprietary. All rights reserved. Unclassified 17 17
Slide 18: Order backlog (at the end of the period)
Order backlog (at the end of the period) Teleste Group 70 60 59,7 57,4 50 40 42,2 M€ 30 26,9 20 10 15,2 0 2014 2015 2016 2017 1-6/2018 Teleste Proprietary. All rights reserved. Unclassified 18 18
Slide 19: Outlook 2018
Outlook 2018 The business objective of Video and Broadband Solutions is to maintain its strong market position in Europe and to strengthen this market position in selected new markets outside Europe. In particular, investments in the North American market will continue in 2018. Network capacity will
Slide 20: Our Vision: Best partner for networked society
Our Vision Best partner for networked society Teleste Proprietary. All rights reserved. Company restricted