Slide 1: Lindab Group Q2 2018
lindab | we simplify construction Lindab Group Q2 2018 Ola Ringdahl – President and CEO Kristian Ackeby – CFO
Slide 2: Agenda
Agenda • Summary and overview • Financials • Highlights • Outlook • Summary and Q&A
Slide 3: Summary and overview
Summary and overview
Slide 4: Key highlights Q2 2018
Key highlights Q2 2018 Strong sales growth but gross margin under pressure +13% Net sales increased to SEK 2,392 m (2,118) SEK 148m Operating profit SEK 148 m (151), SEK 91m Profit for the period decreased to SEK 91 m (106). excluding one-off items of SEK -19 m (0), Earnings per share decreased to S
Slide 5: Strong sales development in major markets
Strong sales development in major markets Growth 45% 12% CEO comments ”Continued strong sales for the Group with all time high quarterly sales for Products & Solutions” Nordic Growth Ola Ringdahl, 18% President and CEO 6% Growth 34% 5% CEE/CIS Western Europe 5 Note: Information refers to share of to
Slide 6: Strong growth in largest product areas
Strong growth in largest product areas Segment/Product areas Growth Comments Q2 2018 Products & Solutions Good growth in most markets with particularly strong development in the Nordics and CEE/CIS Ventilation Products region. Another quarter with double digit growth in CEE/CIS and solid growth in N
Slide 7: Financials
Financials
Slide 8: Lindab Group financial highlights Q2 2018
Lindab Group financial highlights Q2 2018 Solid sales growth in both segments Key figures • Net sales increased organically by 8% to SEK 2,392 m SEK m Q2´18 Q2´17 Chg % (2,118). Net Sales 2,392 2,118 13 • EBIT margin declined as a result of lower gross margin Organic, % 8 due to higher raw material
Slide 9: Products & Solutions financial highlights Q2 2018
Products & Solutions financial highlights Q2 2018 Highest net sales in a quarter ever Net Sales, SEK m • Net sales increased to SEK 2,115 m (1,856) with organic growth of 2 200 8 000 9%. 1 650 7 600 1 100 7 200 • Organic growth in all European regions with particular strong sales 550 6 800 developme
Slide 10: Building Systems financial highlights Q2 2018
Building Systems financial highlights Q2 2018 Continued solid sales development Net Sales, SEK m • Net sales increased to SEK 277 m (262) with organic growth of 300 1 000 900 4%. 200 800 100 • EBIT decline mainly explained by unfavourable product mix. 700 0 600 0 • Net order intake increased compare
Slide 11: Lindab Group cash flow Q2 2018
Lindab Group cash flow Q2 2018 Free cash flow impacted by sales increase Cash flow operating activities, SEK m • Adjusted free cash flow amounted to SEK 26 m (155). 300 600 200 450 • The decline is mainly explained by; 100 300 150 0 00 − Change in working capital driven by higher sales. - 100 - 150
Slide 12: Highlights
Highlights
Slide 13: Some highlights from the quarter
Some highlights from the quarter Products & Solutions Received ICS order worth SEK ~9 m in Finland CEO comments Lindab solar cell roofing Ventilation “Lindab solar cell roofing is our new Intelligent and integrated roofing Lindab supplied full ventilation solution and innovative solar panel that is
Slide 14: Highlights: Building Systems
Highlights Building Systems Location of orders booked • Building Systems received nine orders above SEK 10 m. • An improved project management model as well as a quotation and pricing model are gradually improving the margins in backlog. • Work with the turnaround programme is ongoing and will syste
Slide 15: Outlook
Outlook
Slide 16: Market development
Market development Continued growth at a lower pace Forecast: European construction market Source: Euroconstruct (June 2018) • Overall continued good macroeconomic development in Europe. Though, risks have increased lately with aggressive US trade Non-residential Residential Tot. Buildings negotiati
Slide 17: Summary and Q&A
Summary and Q&A
Slide 18: Key highlights Q2 2018
Key highlights Q2 2018 Strong sales growth but gross margin under pressure +13% Net sales increased to SEK 2,392 m (2,118) SEK 148m Operating profit SEK 148 m (151), SEK 91m Profit for the period decreased to SEK 91 m (106). excluding one-off items of SEK -19 m (0), Earnings per share decreased to S
Slide 19: Thank you Q&A
Thank you Q&A