Slide 1: Q1 Interim Report 2011
Q1 INTERIM REPORT 2011 May 3, 2011 1
Slide 2: Group Strategy and Organization
GROUP STRATEGY AND ORGANIZATION 2
Slide 3: Summary of Q1 2011
SUMMARY OF Q1 2011 EUR million I/2011 I/2010 I-IV/2010 Net Sales 74.7 70.8 269.4 Operating Profit - Reported 12.1 11.7 31.3 Operating Profit - Comparable 12.1 11.8 31.8 Net Profit for the Period 7.9 9.1 20.7 EPS (basic), EUR 0.18 0.22 0.46 Cash flow from Operations -15.5 -12.0 13.0 Net Interest-bear
Slide 4: Analysis of Net Sales
ANALYSIS OF NET SALES 80 Net Sales Development Q-on-Q Y-on-Y MEUR 70 Group Total 6% -100 % 60 Group Fishing Products 11 % -100 % 50 Other Group Products 6% -100 % 40 Third Party Products -1 % -100 % 30 North America -1 % -100 % 20 Nordics 12 % -100 % 10 Rest of Europe 18 % -100 % 0 Rest of the World
Slide 5: Analysis of Operating Profit
ANALYSIS OF OPERATING PROFIT Operating profit (MEUR) Q1/2011 Q1/2010 Group total (comparable) 12.1 11.8 Group Fishing Products 8.6 8.1 Other Group Products 0.5 0.5 Third Party Products 3.1 3.1 Group Total (as reported) 12.1 11.7 • Comparable operating profit reached quarterly record at 14,0 MEUR 12.
Slide 6: Net Result and Cash Flow
NET RESULT AND CASH FLOW EUR million I/2011 I/2010 I-IV/2010 Net profit for the period 7.9 9.1 20.7 Adjustments (reversal of non-cash items) 6.0 3.6 17.4 Financial items and taxes paid/rec -2.9 -3.3 -12.1 Change in working capital -26.6 -21.4 -13.0 Net cash from operating activities -15.5 -12.0 13.0
Slide 7: Strategy Implementation
STRATEGY IMPLEMENTATION • The Group continued the implementation of its strategy of profitable growth during Q1 with emphasis on setting up and integrating the newly established and acquired companies into Group’s manufacturing and distribution company network as well as launching new initiatives to
Slide 8: Short-Term Outlook
SHORT-TERM OUTLOOK • In line with the first quarter performance, the view on general market situation and sentiment continues to be positive for 2011. • In some major markets the summer fishing season did not fully start during the first quarter due to long and snowy winter. This together with some
Slide 9: Financial Trends in Rapala
FINANCIAL TRENDS IN RAPALA • It is expected that in 2011 the net sales will increase from 2010 and also comparable operating margin is targeted to improve. • Financial position getting even stronger allowing headroom for new acquisitions. 275 20 % 140 800 % 250 18 % 120 700 % 225 16 % 600 % 200 14 %
Slide 10: Shares and Shareholders
SHARES AND SHAREHOLDERS SHARE RELATED DATA (03/2011) Share price index performance in Jan 2010 – Mar 2011 • Market capitalization 268.4 MEUR 150 Indexed values 140 • 12-month high/low 7.38/5.03 EUR 130 • All-time high/low 8.40/2.50 EUR 120 110 100 MAJOR SHAREHOLDERS (03/2011) 90 • VMC Holdings 30 %
Slide 11: End of Presentation
END OF PRESENTATION Tight lines! 11