Ependion Ab · OMXSTO:EPEN
Ependion Ab — Beijer Group — Q4 2021 Earnings Presentation
16 slides from Ependion Ab's earnings presentation, February 2022
Slide 1: Record order intake and sales
BEIJER electronics GROUP Record order intake and sales 1 January – 31 December 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) • Continued strong customer demand and orders close to 600 MSEK giving a total for the year above 2 billion SEK. • Increases of our delivery capacity giving a sequential sales uplift of 13% to 466 MSEK. • Conscious decisions to prioritise delivery to customers lea
Slide 4: Business update for the quarter, ii)
Business update for the quarter, ii) • Strong demand across segments and regions giving all-time-high orders in the quarter and for the full year surpassing 1 billion SEK. Delivery Westermo capacity limited to component supply. Sequential sales increase. Component cost issue hampers the profitabilit
Slide 5: Orders and sales by quarter
BEIJER GROUP 600 Orders 2 400 600 Sales 2 400 550 2 200 550 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
Slide 6: Agenda
Agenda • Business update • Financial performance • Concluding notes and Outlook • Q&A |6
Slide 7: Group – record volumes but component cost limits profitability leverage
Group – record volumes but component cost limits profitability leverage Q4 Q4 YTD YTD MSEK 2021 2020 % 2021 2020 % FY 2020 Comments to Q4 Order intake 597.2 397.3 50% 2,030.6 1,449.0 40% 1,449.0 Sales 466.4 350.2 33% 1,618.8 1,437.7 13% 1,437.7 Sales increase but still limited by component EBIT 21
Slide 8: Westermo – strong demand giving record orders while challenge in supply
Westermo – strong demand giving record orders while challenge in supply Q4 Q4 YTD YTD MSEK 2021 2020 % 2021 2020 % FY 2020 Comments to Q4 Order intake 317.5 214.7 48% 1,056.7 778.9 36% 778.9 Sales 234.4 183.0 28% 831.5 769.0 8% 769.0 EBIT 22.4 15.3 46% 85.0 85.9 -1% 85.9 Record order level in Q4 w
Slide 9: Beijer Electronics – wide order growth and good delivery step-up
Beijer Electronics – wide order growth and good delivery step-up Q4 Q4 YTD YTD MSEK 2021 2020 % 2021 2020 % FY 2020 Comments to Q4 Order intake 233.8 158.8 47% 862.9 595.0 45% 595.0 Sales 208.2 145.7 43% 702.1 599.1 17% 599.1 EBIT 10.7 -11.4 25.5 -22.4 -22.4 Order growth in all segments and region
Slide 10: Korenix – almost double order intake driven by break-through order
Korenix – almost double order intake driven by break-through order Q4 Q4 YTD YTD MSEK 2021 2020 % 2021 2020 % FY 2020 Comments to Q4 Order intake 51.9 26.6 95% 129.3 89.0 45% 89.0 Sales 29.7 24.3 22% 103.4 83.5 24% 83.5 EBIT -0.4 1.7 -2.5 -12.1 -80% -12.1 Breakthrough 24 MSEK order to the chip- EB
Slide 11: Agenda
Agenda • Business update • Financial performance • Concluding notes and Outlook • Q&A | 11
Slide 12: Concluding notes of the quarter by Per
Concluding notes of the quarter by Per… • Strong demand. The customer focus, in Pandemic strategy from the beginning, pays off. • Uncertainty on component situation remains short term. • Close follow of political developments. • Increase of delivery capacity in focus. • Price management for profitab
Slide 13: Outlook
Outlook ” BEIJER GROUP has good potential to achieve better financial results in 2022 than in 2021.” | 13
Slide 14: Per wrapping up...
Per wrapping up... BEIJER GROUP
Slide 15: Agenda
Agenda • Business update • Financial performance • Concluding notes and Outlook • Q&A | 15
Slide 16: BEIJER GROUP
BEIJER GROUP Leading technology group providing solutions for a secure and connected world | 16