Slide 1: A strong third quarter with continued growth investments
BEIJER Area for red GROUP ”header box” (8,09x1,26) A strong third quarter with continued growth investments 1 January – 30 September, 2019 Per Samuelsson, CEO & Joakim Laurén, CFO
Slide 2: Agenda
Agenda Business update for the quarter Financial performance, BEIJER GROUP Financial performance, business entities Financial targets Outlook Q&A
Slide 3: Business update for the quarter, i)
Business update for the quarter, i) Strong quarter with many positives and continued investments for future growth. During 2020 over half of our sales will be from newer products. The uncertainty in our surroundings remains but yet no significant slowdown visible except for UK effected by Brex
Slide 4: Business update for the quarter, ii)
Business update for the quarter, ii) The investment in capacity increase for Westermo supply chain is paying off with stability and shorter lead-times. The irregularities between quarters due to end-of-life processes (phasing out 4 older generations and replacing with X2 series) remain in Beijer
Slide 5: Agenda
Agenda Business update for the quarter Financial performance, BEIJER electronics GROUP Financial performance, business entities Financial targets Outlook Q&A
Slide 6: Sales Order intake
BEIJER GROUP Order intake Sales 450 1 800 450 1 800 400 1 600 400 1 600 350 1 400 350 1 400 300 1 200 300 1 200 MSEK by LTM MSEK by LTM MSEK by Qtr MSEK by Qtr 250 1 000 250 1 000 200 800 200 800 150 600 150 600 100 400 100 400 50 200 50 200 0 0 0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Slide 7: Group ― positive with a strong quarter
BEIJER GROUP Group ― positive with a strong quarter Q3 Q3 YTD YTD FY MSEK 2019 2018 % 2019 2018 % 2018 Comments to Q3 Order intake 404.9 372.1 9% 1,150.3 1,141.2 1% 1,593.2 IFRS16 – limited impact on EBIT, net Sales 391.4 338.4 16% 1,143.4 1,036.1 10% 1,417.2 +0.6 MSEK in the quarter. EBIT 29.9 17
Slide 8: Agenda
Agenda Business update for the quarter Financial performance, BEIJER electronics GROUP Financial performance, business entities Financial targets Outlook Q&A
Slide 9: Beijer Electronics ― irregularities remain due to end-of-life
Beijer Electronics Beijer Electronics ― irregularities remain due to end-of-life Q3 Q3 YTD YTD FY MSEK 2019 2018 % 2019 2018 % 2018 Comments to Q3 Order intake 164.8 180.6 -9% 534.3 560.7 -5% 792.2 The process of phasing out 4 older Sales 180.0 174.5 3% 562.4 539.9 4% 731.4 product platforms conti
Slide 10: Westermo ― all time high quarter
Westermo Westermo ― all time high quarter Q3 Q3 YTD YTD FY MSEK 2019 2018 % 2019 2018 % 2018 Comments to Q3 Order intake 213.9 168.2 27% 542.0 499.6 8% 687.9 Order bookings strong including Sales 182.8 138.3 32% 505.9 416.9 21% 584.2 some larger projects to Bombardier EBIT 26.0 15.5 67% 67.3 56.0
Slide 11: Korenix ― recovery ongoing
Korenix Korenix ― recovery ongoing Q3 Q3 YTD YTD FY MSEK 2019 2018 2019 2018 2018 Comments to Q3 % % Order intake 31.0 28.3 10% 92.2 93.5 -1% 129.2 Order growth in the quarter and now Sales 33.3 30.6 9% 93.4 92.0 2% 117.8 with a strong orderbook at 50% EBIT -0.7 -0.2 225% -1.6 -2.3 -31% -6.4 large
Slide 12: Agenda
Agenda Business update for the quarter Financial performance, BEIJER electronics GROUP Financial performance, business entities Financial targets Outlook Q&A
Slide 13: Financial targets for the group
Financial targets for the group* Within a 2-3 year timeframe, the group will achieve minimum organic growth of 7% per year , and in the first phase, achieve a minimum EBIT margin of 10% , measured as an average over a business cycle. * Decided by the board in 2016 | 13
Slide 14: Agenda
Agenda Business update for the quarter Financial performance, BEIJER electronics GROUP Financial performance, business entities Financial targets Outlook Q&A
Slide 15: Outlook for 2019
Outlook for 2019* ”BEIJER GROUP is expecting to improve sales and earnings for the full year 2019 compared to the figures for 2018” * Remained unchanged from last quarter | 15
Slide 16: Agenda
Agenda Business update for the quarter Financial performance, BEIJER electronics GROUP Financial performance, business entities Financial targets Outlook Q&A
Slide 17: BEIJER GROUP
BEIJER GROUP