Slide 1: Q4 report 2022-23
Q4 report 2022-23 Roland Kasper CEO, Anders Ulff CFO
Slide 2: Established at HQ in Skinnskatteberg, Sweden
Established at HQ in Skinnskatteberg, Sweden 1974 Turnover NASDAQ Annual net sales in mill. OMX Nordic Exchange 1,000 EUR 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 1.5 bn. Year E
Slide 3: Net sales – Q4
Net sales – Q4 SEK million Organic growth development, R12 % 25 3,129 2,662 20 2,208 15 10 % Q4 2020/21 Q4 2021/22 Q4 2022/23 5 0 -5 17.6% 13.0% Growth Organic growth -10 Organic quarterly growth Organic growth R12 Year End Report 2022/23 3
Slide 4: Growth analyze Q4
Growth analyze Q4 Organic 13.0 % 1.9 % 2.7 % 17.6 % • All regions showed good organic growth. Acquisitions and divestments • Mainly impact from the acquisition of Sagicofim and Group SCS and the divestment of the AC-business. Total Currency Acquisitions Organic Currency • Weaker SEK towards EUR,USD
Slide 5: Operating profit Q4
Operating profit Q4 • The gross margin increased to 34.2 percent (34.1). • Adjusted operating profit amounted to SEK 281.7 million Adjusted operating profit (230.0). The adjusted operating margin amounted to 8.9 percent (8.6). 282 • The operating result has been affected by a capital gain on 230 209
Slide 6: Profit after tax – Q4
Profit after tax – Q4 • Net financial items for the fourth quarter Adjusted profit after tax amounted to SEK -32.7 million (+5.4) mainly due to increased interest expenses. 178 • Currency effects on long-term receivables, loans and bank balances amounted to a net of 164 SEK -8.7 million (+13.5). • I
Slide 7: Cash flow analysis – Q4
Cash flow analysis – Q4 Q4 Q4 2022/23 2021/22 Cash flow from operating activities 363.9 247.9 Change in working capital -193.3 -279.5 Net investments, excl. acquisitions -19.5 -84.0 Free cash flow 151.1 -115.6 Net debts 1,523.2 2,118.0 • Change in working capital mainly due to increased trade receiv
Slide 8: Markets
Markets Other markets 13% North America Western Europe Eastern Europe & 11% 46% Nordic region 18% the CIS 12% Eastern Europé and CIS 15 % (17) Year End Report 2022/23 8
Slide 9: Nordic
Nordic • Sales in the Nordics region increased during the fourth quarter by 5.1 18% percent compared to the previous year. • Adjusted for foreign exchange effects and acquisitions, sales increased by 5.3 percent. • The Swedish and Danish markets showed growth mainly in the commercial sector during t
Slide 10: Western Europe
Western Europe • Sales development on the Western European market remained strong 46% during the quarter with an increase of 27.6 percent compared to the corresponding period last year. • Adjusted for foreign exchange effects and acquisitions, sales increased by 15.4 percent. • Germany, France and I
Slide 11: Eastern Europe and CIS
Eastern Europe and CIS • Sales in Eastern Europe and CIS decreased during the quarter by 3.3 percent. 12% • Adjusted for foreign exchange effects and acquisitions, sales decreased by 8.2 percent. • The main reason to the decrease is stopped deliveries to Russia. • Growth in the region, excluding Rus
Slide 12: North America
North America • Sales in North America increased by 33.3 percent during the quarter 11% compared to the same period last year. • Adjusted for foreign exchange effects, sales increased by 24.4 percent. • Both the American and Canadian markets showed good growth during the quarter, especially within r
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 9.5 13% percent compared to the same period last year. • Adjusted for foreign exchange effects and acquisitions, sales increased by 27.5 percent. • Growth was especially positive in both Turke
Slide 14: Systemair acquires Group SCS
Systemair acquires Group SCS On 15 March 2023, Systemair has acquired UK-based SCS Engineering Ltd, and its subsidiary Smoke Control Services Ltd, together Group SCS. Group SCS is a leader in smoke control solutions for residential and commercial buildings, herewith forming a great addition to our f
Slide 15: Systemair opened new production facility in India
Systemair opened new production facility in India The new facility, located in Greater Noida, boasts a total area of 10,000 sqm and is dedicated to the production of air distribution products and fans. In our two other factories in India, we manufacture air handling units and fire safety products. Y
Slide 16: Sales – full year
Sales – full year SEK million 12,058 9,634 15.9% 8,519 Organic growth 25.2% Growth 2020/21 2021/22 2022/23 Year End Report 2022/23 16
Slide 17: Growth – full year
Growth – full year Organic 15.9 % 4.1 % 5.2 % 25.2 % • All regions showed good organic growth except Eastern Europe. Acquisitions and divestments • Mainly impact from the acquisition of Sagicofim and Group SCS and the divestment of the AC-business. Total Currency Acquisitions Organic Currency • Weak
Slide 18: Operating profit – full year
Operating profit – full year • Operating profit totalled SEK 1,401.4 million (769.8). The operating margin amounted to 11.6 percent (8.0). • Adjusted operating profit amounted to SEK 1,109.9 million (821.1). The adjusted operating margin amounted to 9.2 1,401 percent (8.5). • Selling and administrat
Slide 19: Thank you, welcome with questions!
Thank you, welcome with questions! 19