Investment Ab Latour Class B · OMXSTO:LATO_B
Investment Ab Latour Class B — Q2 2024 Earnings Presentation
16 slides from Investment Ab Latour Class B's earnings presentation, Aug 20, 2024
Slide 1: Interim report January – June 2024
Interim report January – June 2024
Slide 2: Latour – a mixed investment company
Latour – a mixed investment company WHOLLY-OWNED INVESTMENT OPERATIONS PORTFOLIO Bemsiq Alimak Group Caljan ASSA ABLOY Hultafors Group CTEK Innovalift Fagerhult Nord-Lock Group HMS Networks Swegon Nederman Latour Industries Securitas Sweco Latour Future Solutions Tomra Part-owned holdings Troax Page
Slide 3: Total return for the listed portfolio 2024
Total return for the listed portfolio 2024 The total return including share price growth and dividend, for each investment company compared with the SIXRX benchmark index. Page 3
Slide 4: The wholly-owned industrial operations
The wholly-owned industrial operations M SEK 40 000 4000 36 000 3600 32 000 3200 28 000 2800 24 000 2400 20 000 2000 16 000 1600 12 000 1200 8 000 800 4 000 400 0 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Quarterly results Orders recei
Slide 5: Acquisitions during 2024
Acquisitions during 2024 Total annual contribution SEK 2.4 billion Page 5
Slide 6: Volatile market climate
Volatile market climate Net sales and operating profit SEK M Q2 2024 Q2 2023 2 000 400 Net sales 498 425 1 500 300 Operating result* 108 101 1 000 200 500 100 Operating margin %* 21.8 23.7 0 0 2020 2021 2022 2023 TTM Q2 * Excl. IFRS 16 Net sales Operating profit Page 6
Slide 7: Weak market conditions
Weak market conditions Net sales and operating profit SEK M Q2 2024 Q2 2023 2 500 500 375 595 2 000 400 Net sales 1 500 300 Operating result* 48 129 1 000 200 500 100 Operating margin %* 12.8 21.6 0 0 2020 2021 2022 2023 TTM Q2 * Excl. IFRS 16 Net sales Operating profit Page 7
Slide 8: Challenging market conditions
Challenging market conditions Net sales and operating profit SEK M Q2 2024 Q2 2023 10 000 1 500 1,685 1,688 8 000 1 200 Net sales 6 000 900 Operating result* 267 258 4 000 600 2 000 300 Operating margin %* 15.8 15.3 0 0 2020 2021 2022 2023 TTM Q2 * Excl. IFRS 16 Net sales Operating profit Page 8
Slide 9: Our new business area
Our new business area Net sales and operating profit SEK M Q2 2024 Q2 2023 240 2 400 200 Net sales 643 638 2 000 160 1 600 Operating result* 62 69 1 200 120 800 80 Operating margin %* 9.6 10.8 400 40 0 0 2020 2021 2022 2023 TTM Q2 * Excl. IFRS 16 Net sales Operating profit Page 9
Slide 10: Building the basis for future business areas
Building the basis for future business areas Net sales and operating profit SEK M Q2 2024 Q2 2023 2 000 200 180 503 474 160 Net sales 1 500 140 120 Operating result* 38 38 1 000 100 80 60 500 40 Operating margin %* 7.6 8.1 20 0 0 2020 2021 2022 2023 TTM Q2 * Excl. IFRS 16 Net sales Operating profit
Slide 11: Strong order intake
Strong order intake Net sales and operating profit SEK M Q2 2024 Q2 2023 2 500 500 485 470 2 000 400 Net sales 1 500 300 Operating result* 116 117 1 000 200 500 100 Operating margin %* 24.0 25.0 0 0 2020 2021 2022 2023 TTM Q2 * Excl. IFRS 16 Net sales Operating profit Page 11
Slide 12: Good performance on most markets
Good performance on most markets Net sales and operating profit SEK M Q2 2024 Q2 2023 10 000 1 500 2,338 2,319 8 000 1 200 Net sales 6 000 900 Operating result* 300 308 4 000 600 2 000 300 Operating margin %* 12.8 13.3 0 0 2020 2021 2022 2023 TTM Q2 * Excl. IFRS 16 Net sales Operating profit Page 12
Slide 13: Net asset value SEK per share by the end of June
Net asset value SEK 198 per share by the end of June Investment Portfolio Wholly-owned Operations Wholly-owned Operations 82.4 55.4 0.2 Less net debt, etc. Development during the year 1.8 per cent 11.7 Latour’s net asset value 126.3 SEK per share All amounts are in SEK billion unless 198 stated othe
Slide 14: Financial targets
Financial targets Annual growth (minimum for all operations) >10% Operating margin (average for all operations) >15% Return on operating capital (minimum for all operations) >15% Page 14
Slide 15: International growth with great potential
International growth with great potential 81% 14% (81%) (14%) 71 % 5% (5%) 61 % 2018 2024 Net sales outside the Nordics Page 15
Slide 16: Latour
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