Lindab International Ab · OMXSTO:LIAB
Lindab International Ab — Q4 2019 Earnings Presentation
21 slides from Lindab International Ab's earnings presentation, 2020
Slide 1: Lindab Group Q4 2019
lindab | we simplify construction Lindab Group Q4 2019 Ola Ringdahl – President and CEO Malin Samuelsson – CFO
Slide 2: Agenda
Agenda • Summary and overview • Financials • Financial targets and dividend policy • Current focus areas • Outlook • Summary and Q&A
Slide 3: Summary and overview
Summary and overview ©Lindab’
Slide 4: Key highlights Q4 2019
Key highlights Q4 2019 A strong quarter with continued improvements across the Group +6% SEK 212m +36% Net sales increased to SEK 2,526 m (2,384) Adj. operating profit SEK 212 m (173) Profit for the period increased to SEK 143 m (106). and adj. operating margin 8.4 % (7.3) Earnings per share increas
Slide 5: All regions in Europe reported positive organic growth
All regions in Europe reported positive organic growth Growth 44% 1% CEO comments “The sales development during the quarter remained positive for the Group despite a general slowdown in the European construction market.” Nordic Ola Ringdahl, President and CEO Growth 12% 22% Growth 32% 2% CEE/CIS Wes
Slide 6: Financials
Financials ©Lindab’
Slide 7: Lindab Group financial highlights Q4 2019
Lindab Group financial highlights Q4 2019 All three segments contributed positively to Key figures operating profit Q4´19 Q4´19 Q4´18 Chg % Incl. Excl. Excl. Excl. • Net sales increased organically by 3% to SEK 2,526 m SEK m IFRS 16 IFRS 16 IFRS 16 IFRS 16 (2,384). Net Sales 2,526 2,526 2,384 6 • EB
Slide 8: Ventilation Systems financial highlights Q4 2019
Ventilation Systems financial highlights Q4 2019 EBIT in line with the strong quarter previous year Net Sales, SEK m Quarter R 12M • Net sales was in line with previous year and amounted to 1 600 6 000 SEK 1,478 m (1,481). 1 200 5 600 800 • Sales volumes are impacted by our continued priority to 400
Slide 9: Profile Systems financial highlights Q4 2019
Profile Systems financial highlights Q4 2019 Strong sales growth and significantly improved Net Sales, SEK m operating profit Quarter R 12M • Net sales increased organically by 11% to SEK 707 m 600 2 500 400 2 400 (642). 200 2 300 • Sales increased due to large deliveries of industrial projects 0 Q1
Slide 10: Building Systems financial highlights Q4 2019
Building Systems financial highlights Q4 2019 Continued improvement of operating profit Net Sales, SEK m Quarter R 12M • Net sales increased organically by 24% to SEK 341 m 400 1 500 (261). 300 1 300 200 1 100 • EBIT improvement mainly explained by significantly higher 100 900 sales volume. 0 700 0
Slide 11: Lindab Group cash flow Q4 2019
Lindab Group cash flow Q4 2019 High investments and strong cash flow Cash flow operating activities, SEK m Quarter R 12M • Adjusted free cash flow amounted to SEK 274 m (198) in 400 1 000 Q4. 300 800 600 200 • The improvement in free cash flow is due to higher 100 400 200 operating profit and favora
Slide 12: Lindab Group financial highlights full year 2019
Lindab Group financial highlights full year 2019 A year with strong profitability improvement Key figures • Net sales increased organically with 3% to SEK 9,872 m 2019 Incl. 2019 Excl. 2018 Excl. Chg % Excl. (9,326). SEK m IFRS 16 IFRS 16 IFRS 16 IFRS 16 • EBIT margin improvement explained by higher
Slide 13: Financial targets and dividend policy
Financial targets and dividend policy 13
Slide 14: Financial targets and dividend policy
Financial targets and dividend policy The Board of Directors of Lindab International AB decided in December on the following financial targets and dividend policy: • The annual sales growth rate should be 5-8 percent, as a combination of organic and acquired growth (unchanged). • The operating margi
Slide 15: Current focus areas
Current focus areas ©Lindab’
Slide 16: 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 $ 16
Slide 17: Outlook
Outlook 17
Slide 18: Market development
Market development Continued slowdown in European construction market Forecast: European construction market Source: Euroconstruct (Nov 2019) • The European construction market continues to slow down and Non-residential Tot. Buildings updated forecast from Euroconstruct indicate that the annual real
Slide 19: Summary and Q&A
Summary and Q&A ©Lindab’
Slide 20: Key highlights Q4 2019
Key highlights Q4 2019 A strong quarter with continued improvements across the Group +6% SEK 212m +36% Net sales increased to SEK 2,526 m (2,384) Adj. operating profit SEK 212 m (173) Profit for the period increased to SEK 143 m (106). and adj. operating margin 8.4 % (7.3) Earnings per share increas
Slide 21: Thank you Q&A
Thank you Q&A