Slide 1: Strong quarter with orders, sales and earnings at record levels
Beijer Electronics Group AB - Interim report Q2 2022 Strong quarter with orders, sales and earnings at record levels Jenny Sjödahl, 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
Business update for the quarter The strong customer demand continues ― yet another order record level, 667 MSEK or +30%. Confirms the growth strategy. Sales at record 533 MSEK or +37% vs last year. Improved earnings trend –EBIT at 7.7%. Beijer Electronics business entity presents record high
Slide 4: Business update by business entity
Business update by business entity Westermo Good demand across segments and geographies giving a third order quarter above 300 MSEK. Component shortage led to some production stoppages in the quarter limiting the sales and affecting the profitability significantly. We have full comfort in the busi
Slide 5: Orders and sales
OrdersOrders and sales 700 Orders 2 800 700 Sales 2 800 650 2 600 650 2 600 600 2 400 600 2 400 550 2 200 550 2 200 500 2 000 500 2 000 450 1 800 450 1 800 MSEK by LTM MSEK by LTM MSEK by Qtr MSEK by Qtr 400 1 600 400 1 600 350 1 400 350 1 400 300 1 200 300 1 200 250 1 000 250 1 000 200 800 200 800
Slide 6: Agenda
Agenda • Business update • Financial performance • Concluding notes and Outlook • Q&A |6
Slide 7: Group – overall a good quarter despite component shortage challenges
Group – overall a good quarter despite component shortage challenges Q2 Q2 YTD YTD FY MSEK % % Comments to Q2 2022 2021 2022 2021 2021 Order intake 666.8 514.3 30% 1,328.4 931.5 43% 2,030.6 Sales 533.2 389.8 37% 973.0 740.7 31% 1,618.8 Orders at all-time-high. EBIT 40.8 9.8 69.0 14.5 377% 68.3 S
Slide 8: Westermo – good order bookings while sales impacted by shortage
Westermo – good order bookings while sales impacted by shortage Q2 Q2 YTD YTD FY MSEK % % Comments to Q2 2022 2021 2022 2021 2021 Order intake 315.0 276.8 14% 618.4 448.9 38% 1,056.7 Sales 219.0 206.1 6% 447.4 395.6 13% 831.5 5th consecutive order growth quarter EBIT 7.5 19.7 -62% 29.7 36.7 -19% 8
Slide 9: Beijer Electronics – significant profitability step-up closing in on target
Beijer Electronics – significant profitability step-up closing in on target Q2 Q2 YTD YTD FY MSEK % % Comments to Q2 2022 2021 2022 2021 2021 Order intake 354.8 239.1 48% 715.8 485.3 48% 980.5 Sales 317.1 185.3 71% 531.4 349.8 52% 793.9 Another good order quarter including EBIT 44.3 0.1 61.3 -1.8
Slide 10: Agenda
Agenda • Business update • Financial performance • Concluding notes and Outlook • Q&A | 10
Slide 11: Concluding notes by Jenny
Concluding notes by Jenny Very strong order bookings and continued high customer activity levels Business entity Beijer Electronics shows significantly improved performance Component shortage situation remains challenging but our organisations are finding ways to manage Global macroeconomics
Slide 12: Outlook
Outlook ” We assess that BEIJER GROUP will achieve a significantly better financial performance in 2022 than in 2021.” | 12
Slide 13: Agenda
Agenda • Business update • Financial performance • Concluding notes and Outlook • Q&A | 13
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