Slide 1: Interim Report 1 April – 31 December 2021
INTERIM REPORT 1 APRIL – 31 DECEMBER 2021 Niklas Stenberg, President and CEO, and Malin Enarson, CFO
Slide 2: Good organic growth in all business areas
GOOD ORGANIC GROWTH IN ALL BUSINESS AREAS Strong demand in key market segments Net sales SEK 3,586 m, +24% Strained supply chains well handled Organic sales growth of 13% Several project deliveries towards the end of the period EBITA-margin EBITA growth of 51% with 12.8% strengthened margi
Slide 3: Quarter 3: Net sales development
QUARTER 3: NET SALES DEVELOPMENT STRONG CUSTOMER DEMAND WITH HIGH GROWTH IN ALL High activity in all business areas – net sales up 24% of BUSINESS which 13% organic − Strong position in strategically selected growth areas − Strained supply chains well handled − Several project deliveries towards t
Slide 4: Record high EBITA
QUARTER 3: EBITA DEVELOPMENT RECORD HIGH EBITA EBITA increased 51% to SEK 459 m (304) Strengthened EBITA-margin 12.8% (10.6) Good leverage from strong market demand Cost control remained but levels expected to gradually rise in line with promotional activities increasing further 4
Slide 5: Quarter 3: Business area development
QUARTER 3: BUSINESS AREA DEVELOPMENT GOOD ORGANIC GROWTH IN ALL BUSINESS AREAS AUTOMATION ELECTRIFICATION ENERGY INDUSTRIAL SOLUTIONS PROCESS TECHNOLOGY Net sales SEK 691 m (582) +19% Net sales SEK 677 m (539) +26% Net sales SEK 918 m (824) +11% Net sales SEK 722 m (460) +57% Net sales SEK 585 m (48
Slide 6: EBITA increased 40%
PERIOD APRIL 1 – DECEMBER 31 EBITA INCREASED 40% Net sales increased by 20% to SEK 10,122 m (8,409) The organic growth amounted to 12% and acquired growth amounted to 9% EBITA increased by 40% and amounted to SEK 1,286 m (916) corresponding to an EBITA margin of 12.7% (10.9) Operating profit
Slide 7: Carefully selected acquisitions
CAREFULLY SELECTED ACQUISITIONS 3 ACQUISITIONS IN THE THIRD QUARTER Acquisition Business area Access Net sales, MSEK* Employees* SEK 200 m ESi Controls Ltd. Energy April 2021 95 15 Total annual turnover Hydro-Material Oy IETV Elektroteknik AB Industrial Solutions Energy April 2021 May 2021 50 80 5 3
Slide 8: Financial position
FINANCIAL POSITION 8
Slide 9: Income statement, condensed
INCOME STATEMENT, CONDENSED 3 months ending 9 months ending 12 months ending (SEKm) 31 Dec 21 31 Dec 20 31 Dec 21 31 Dec 20 31 Dec 21 31 Mar 21 Net Sales 3,586 2,881 10,122 8,409 13,049 11,336 Cost of sales & op. expenses -3,225 -2,633 -9,091 -7,668 -11,766 -10,343 Other operating items 21 -10 34 -1
Slide 10: Net sales & margin
31/12 2021 R12 NET SALES & MARGIN Net Sales EBITA 13,049 SEKm 1,621 SEKm EBITA margin 12.4 % Operating profit 1,331 SEKm Operating margin 10.2 % 10
Slide 11: P (EBITA) / WC
P (EBITA) / WC Record high P/WC 66% − Positive effect from improved margins and EBITA − Negative effects from necessary working capital increases 11
Slide 12: Cash flow statement, condensed
CASH FLOW STATEMENT, CONDENSED 3 months ending 9 months ending 12 months ending (SEKm) 31 Dec 21 31 Dec 20 31 Dec 21 31 Dec 20 31 Dec 21 31 Mar 21 Profit after financial items 364 226 1,019 686 1,270 937 Adj. for non cash items 147 133 420 400 571 551 Income tax paid -149 -100 -314 -239 -395 -320 Ch
Slide 13: Key financial indicators
KEY FINANCIAL INDICATORS (SEKm) 31 Dec 21 31 Mar 21 31 Dec 20 Total equity (SEKm) 3,952 3,450 3,084 Satisfactory levels of key ratios Equity per share, SEK 13.65 11.95 10.60 − Equity ratio 35% (33%) Equity ratio, % 35 35 33 − Leverage 1.9 (2.1) Return on working capital (P/WC), % 66 52 54 − Gearin
Slide 14: Five areas for future growth
FIVE AREAS FOR FUTURE GROWTH AUTOMATION ELECTRIFICATION ENERGY INDUSTRIAL PROCESS SOLUTIONS TECHNOLOGY MOTION & BATTERY ENERGY MATERIAL PROCESS DRIVES SYSTEMS PRODUCTS PROCESSING SYSTEMS CONNECTIVITY EMISSION INDUSTRIAL IT ENERGY VEHICLE SOLUTIONS CONTROL & SENSORS SUPPLY SOLUTIONS POWER & PROCESS M
Slide 15: Summary
SUMMARY Good organic growth in all business areas − Net sales increased with 24% of which 13% organic growth − Strained supply chains well handled − Several project deliveries towards the end of the period − Twelve acquisitions completed so far this financial year EBITA growth of 51% with contin
Slide 16: Q&A
Q&A 16