Slide 1: First Quarter 2015
First Quarter 2015 qlirogroup.com
Slide 2: Highlights
Highlights • Continued strong momentum at Nelly • CDON Marketplace shows solid growth • Qliro Financial Services roll-out continues Net Sales Q1 15 Q1 14 Growth (SEK Million) Nelly 254.4 220.7 15% Gymgrossisten 245.9 230.7 7% Tretti 175.0 152.6 15% Lekmer 95.0 65.5 45% CDON Marketplace (SEK Million)
Slide 3: Business Segments
BUSINESS SEGMENTS qlirogroup.com 3
Slide 4: CDON Marketplace
CDON Marketplace • CDON Marketplace generated SEK Q1 15 Q1 14 Growth 43 (24) million in sales, up 83%. Gross merchandise value, external merchants 43.0 23.6 83% • Over 500 merchants have signed up Total gross merchandise value 462.6 459.0 1% for CDON Marketplace. Net sales (SEK million) 422.5 436.5
Slide 5: Nelly
Nelly • Sales increased by 15%. Q1 15 Q1 14 Growth Net sales (SEK million) 254.4 220.7 15% • Sales growth in Sweden 21%. EBITDA (SEK million) -7.5 -9.8 • Product margin of 49% (48%). EBITDA margin (%) -3.0% -4.5% EBIT (SEK million) -9.2 -10.8 • Sales of private label products accounted for 37% (32%)
Slide 6: Gymgrossisten
Gymgrossisten • Continued sales growth with healthy Q1 15 Q1 14 Growth margins. Net sales (SEK million) 245.9 230.7 7% • The number of customers and orders EBITDA (SEK million) 19.8 22.4 displayed a solid increase during Q1. EBITDA margin (%) 8.0% 9.7% EBIT (SEK million) 19.0 21.6 • Lower average or
Slide 7: Tretti
Tretti • Sales increased by 15%. Q1 15 Q1 14 Growth Net sales (SEK million) 175.0 152.6 15% • In Q1, Tretti showed growth within all product categories. EBITDA (SEK million) 1.6 1.1 EBITDA margin (%) 0.9% 0.7% • Tretti’s operating income and EBIT EBIT (SEK million) 0.9 0.3 margin improved during Q1.
Slide 8: Lekmer
Lekmer • Sales increased by 45%. Q1 15 Q1 14 Growth Net sales (SEK million) 95.0 65.5 45% • The Baby category the strongest in Q1. EBITDA (SEK million) -3.4 -4.9 EBITDA margin (%) -3.6% -7.4% • In March, the warehouse relocation EBIT (SEK million) -3.9 -5.2 was completed. EBIT margin (%) -4.1% -8.0%
Slide 9: Qliro Financial Services
Qliro Financial Services • Successful launch of Gymgrossisten and first external client. Q1 15 Q4 14 Total operating income 18.0 2.2 • Processed 555,000 orders in Q1. EBIT (SEK million) -15.0 -13.9 • Business volume of SEK 447.9 Loans to the public 182.8 181.2 million. Business volume 447.9 323.5 •
Slide 10: Financials
FINANCIALS qlirogroup.com 10
Slide 11: Income Statement
Income Statement Excluding divested operations and non-recurring items 2015 2014 (SEK million) Q1 Q1 Growth • Net sales increased by 8% in Q1. Net Sales 1 196.5 1 105.0 8% Gross profit 173.9 162.2 7% • Operating profit, adjusted for Qliro Gross margin (%) 14.5% 14.7% Financial Services, amounted to
Slide 12: Cash Flow
Cash Flow 2015 2014 (SEK million) Q1 Q1 • Cash flow from operations amounted to SEK -219.9 million after seasonally high Cash flow from operating activities -25.9 2.7 reduction of working capital. Changes in working capital -194.0 -170.4 Cash flow from operations -219.9 -167.7 • Cash flow from inves
Slide 13: Financial Position
Financial Position 2015 2014 (SEK million) 31-mar 31-mar Total non-current assets 808.4 737.0 • Qliro Financial Services’ loans to the public, SEK 182.8 million, fully financed Inventories 637.1 571.9 with Group resources. In addition, Qliro Loans to the public 182.8 0.0 Financial Services has contr
Slide 14: Forward looking statement
Forward looking statement • Increased focus of market related investments in the Nordics. • Long-term goal for sales growth is growth that is in line with or above that of the market for each segment. • Qliro Financial Services will gradually improve its earnings in 2015. • Qliro Financial Services
Slide 15: Thank you!
Thank you! Next report: 16 July 2015 nasdaq symbol QLRO follow us on twitter @qlirogroup Qliro Group AB (publ.) Box 195 25 SE-104 32 Stockholm +46 (0)10 703 20 00 office@qlirogroup.com qlirogroup.com