Ependion Ab · OMXSTO:EPEN
Ependion Ab — Beijer Group — Q3 2021 Earnings Presentation
15 slides from Ependion Ab's earnings presentation, October 2021
Slide 1: Substantial earnings improvement driven by continued good demand
BEIJER electronics GROUP Substantial earnings improvement driven by continued good demand 1 January – 30 September 2021 Per Samuelsson, CEO & Joakim Laurén, CFO
Slide 2: Agenda
Agenda • Business update • Financial performance • Concluding notes and Outlook • Q&A |2
Slide 3: Business update for the quarter, i)
Business update for the quarter, i) • Positive development in the quarter with good demand from our customers. • Another quarter with orders above 0.5 billion SEK. • Sales show good growth of +23% but continue to be limited by the global component shortage with about 10%. • EBIT continue to improve
Slide 4: Business update for the quarter, ii)
Business update for the quarter, ii) • Good order intake for Westermo boosted by the Stadler order. ELTEC continues to develop well. Significant impact of the Westermo component shortage with delayed shipments and margin pressure. • Significant profitability step-up for Beijer Electronics in the qua
Slide 5: Orders at 502 MSEK or +53% at fixed rates and excluding the acquisition
BEIJER GROUP 550 Orders 2 200 550 Sales 2 200 500 2 000 500 2 000 450 1 800 450 1 800 400 1 600 400 1 600 350 1 400 350 1 400 MSEK by LTM MSEK by Qtr MSEK by LTM MSEK by Qtr 300 1 200 300 1 200 250 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 Q
Slide 6: Agenda
Agenda • Business update • Financial performance • Concluding notes and Outlook • Q&A |6
Slide 7: Group – significant profit improvement still impacted by component shortage
Group – significant profit improvement still impacted by component shortage Q3 Q3 YTD YTD MSEK 2021 2020 % 2021 2020 % FY 2020 Comments to Q3 Order intake 501.9 310.3 62% 1,433.4 1,051.6 36% 1,449.0 Sales 411.7 334.7 23% 1,152.4 1,087.5 6% 1,437.7 Sales limited about 10% due to the EBIT 31.9 4.7 5
Slide 8: Westermo – positive market development and strong orders
Westermo – positive market development and strong orders Q3 Q3 YTD YTD MSEK % % FY 2020 Comments to Q3 2021 2020 2021 2020 Order intake 290.2 163.6 77% 739.2 564.1 31% 778.9 Sales 203.5 181.9 12% 597.1 586.0 2% 769.0 EBIT 25.9 15.6 66% 62.6 70.6 -11% 85.9 Stadler Rail order of 50 MSEK booked in EB
Slide 9: Beijer Electronics – profitability improvement driven by added volume
Beijer Electronics – profitability improvement driven by added volume Q3 Q3 YTD YTD MSEK % % FY 2020 Comments to Q3 2021 2020 2021 2020 Order intake 192.3 127.9 50% 629.1 436.2 44% 595.0 Sales 185.8 136.5 36% 493.8 453.4 9% 599.1 EBIT 15.3 -4.5 14.8 -11.0 -22.4 Significant step-up in profitability
Slide 10: Korenix – growth and result improvement yet just below breakeven
Korenix – growth and result improvement yet just below breakeven Q3 Q3 YTD YTD MSEK % % FY 2020 Comments to Q3 2021 2020 2021 2020 Order intake 24.8 22.3 11% 77.4 62.4 24% 89.0 Sales 27.9 19.8 40% 73.8 59.2 25% 83.5 EBIT -0.7 -1.4 -2.0 -13.8 -85% -12.1 Orders still in growth but sequentially EBIT%
Slide 11: Agenda
Agenda • Business update • Financial performance • Concluding notes and Outlook • Q&A | 11
Slide 12: Concluding notes by Per...
Concluding notes by Per... BEIJER GROUP
Slide 13: Outlook
Outlook ” The Group’s view for the full-year 2021 has accentuated. BEIJER GROUP has good potential to achieve significantly better financial performance in 2021 than in 2020.” | 13
Slide 14: Agenda
Agenda • Business update • Financial performance • Concluding notes and Outlook • Q&A | 14
Slide 15: BEIJER GROUP
BEIJER GROUP Leading technology group providing solutions for a secure and connected world | 15