Slide 1: Lindab Group Q2 2019
lindab | we simplify construction Lindab Group Q2 2019 Ola Ringdahl – President and CEO Malin Samuelsson – CFO
Slide 2: Agenda
Agenda • Summary and overview • Financials • Highlights and focus going forward • Outlook • Summary and Q&A
Slide 3: Summary and overview
Summary and overview ©Lindab’
Slide 4: Key highlights Q2 2019
Key highlights Q2 2019 Improved operating profit and margin in all three business areas +7% SEK 238m SEK 181m Net sales increased to SEK 2,569 m (2,392) Adj. operating profit SEK 238 m (148) Profit for the period increased to SEK 181 m (91). and adj. operating margin 9.3 % (6.2) Earnings per share i
Slide 5: Organic sales growth in all European regions except the Nordics
Organic sales growth in all European regions except the Nordics Growth 42% -2% CEO comments “Good growth in Western Europe and CEE/CIS region. The Nordic region faced tough comparison against last year, and we are more selective in our project business.” Nordic Ola Ringdahl, Growth President and CEO
Slide 6: Financials
Financials ©Lindab’
Slide 7: Lindab Group financial highlights Q2 2019
Lindab Group financial highlights Q2 2019 Continued strong operating leverage Key figures • Net sales increased organically by 5% to SEK 2,569 m Q2´19 Incl. Q2´19 Excl. Q2´18 Excl. Chg % Excl. (2,392). The highest Q2 sales ever. SEK m IFRS 16 IFRS 16 IFRS 16 IFRS 16 • EBIT increased mainly as a resu
Slide 8: Ventilation Systems financial highlights Q2 2019
Ventilation Systems financial highlights Q2 2019 Stable organic growth and improved profitability Net Sales, SEK m • Net sales increased to SEK 1,560 m (1,449) with organic 2 000 6 100 growth of 4%. 1 500 5 900 5 700 1 000 • Positive organic growth in all major geographical regions 500 5 500 5 300 w
Slide 9: Profile Systems financial highlights Q2 2019
Profile Systems financial highlights Q2 2019 EBIT improvement despite lower volume Net Sales, SEK m • Net sales decreased to SEK 625 m (666) with a negative 800 2 500 organic growth of 7%. 600 2 450 400 2 400 • Sales decline largely due to lower project activity on the 200 2 350 Swedish market in co
Slide 10: Building Systems financial highlights Q2 2019
Building Systems financial highlights Q2 2019 Very strong sales and continued turnaround Net Sales, SEK m • Net sales increased to SEK 384 m (277) with organic 400 1 200 growth of 34%. Highest quarterly sales since 2008. 300 1 100 • EBIT improvement explained by significantly higher sales 200 1 000
Slide 11: Lindab Group cash flow Q2 2019
Lindab Group cash flow Q2 2019 Positive adjusted free cash flow in Q2 Cash flow operating activities, SEK m • Adjusted free cash flow amounted to SEK 97 m (26) in Q2. 400 300 700 • The improvement in free cash flow YTD is due to significantly 200 100 500 300 higher operating profit, which partly has
Slide 12: Highlights and focus going forward
Highlights and focus going forward
Slide 13: Highlights
Highlights Ventilation Systems In April Lindab acquired the British ventilation company Ductmann Ltd. Profile Systems Lindab has during the quarter concluded an updated cooperation agreement with a Swedish builder merchant company, Woody, where Lindab will upgraded to an “A” supplier. This is expect
Slide 14: Current focus areas
Current focus areas Decentralisation with Sustainable Customer satisfaction Investment in clearer accountability profitability in line with through delivery efficiency and capacity financial targets excellence $ 14
Slide 15: Outlook
©Lindab’
Slide 16: Market development
Market development Market growth at a lower pace Forecast: European construction market Source: Euroconstruct (June 2019) • The European economy continues to slow down and Non-residential Tot. Buildings Euroconstruct forecasts the annual growth rate in the European Residential Tot. Buildings ( Old f
Slide 17: Summary and Q&A
Summary and Q&A ©Lindab’
Slide 18: Key highlights Q2 2019
Key highlights Q2 2019 Improved operating profit and margin in all three business areas +7% SEK 238m SEK 181m Net sales increased to SEK 2,569 m (2,392) Adj. operating profit SEK 238 m (148) Profit for the period increased to SEK 181 m (91). and adj. operating margin 9.3 % (6.2) Earnings per share i
Slide 19: Thank you Q&A
Thank you Q&A