Slide 1: Annual Accounts & Q4 2009
ANNUAL ACCOUNTS & Q4 2009 February 4, 2010
Slide 2: Summary of Year 2009 and Q4
SUMMARY OF YEAR 2009 AND Q4 EUR million IV/09 IV/08 2009 2008 Net Sales 51.4 50.9 234.6 243.0 Operating Profit - Reported 0.7 3.2 22.1 31.3 Operating Profit - Comparable 1.1 3.2 23.5 30.5 Net Profit for the Period -0.8 1.0 14.3 19.2 EPS (basic), EUR -0.02 0.05 0.31 0.45 Cash flow from Operations 6.0
Slide 3: Analysis of Net Sales
ANALYSIS OF NET SALES • Net sales were 51.4 MEUR (50.9) for Q4 and 234.6 MEUR (243.0) for 2009. • Comparable net sales increased 4% for Q4 and decreased 1% for 2009. • In addition to FX effects, sales of gift products, subcontracting services and higher price category products in fishing and hunting
Slide 4: Analysis of Operating Profit
ANALYSIS OF OPERATING PROFIT • Q4 reported operating profit was 0.7 MEUR (3.2) and 22.1 MEUR (31.3) for 2009. • Non-recurring costs and impairment losses of 1.9 MEUR and a non-recurring gain of 0.5 MEUR from the sale of office premises in Hong Kong (0.8 MEUR net gain from one-offs in 2008). • Q4 rep
Slide 5: Analysis of Business Segments
ANALYSIS OF BUSINESS SEGMENTS • Net sales of Group Fishing Products, boosted by Sufix line sales, were up 6%. • Net sales of Other Group Products -27% (reduced sales of gift products and subcontracting services , Peltonen xc-skis up), Third Party Products -9% (weakening of FX in East Europe & Scandi
Slide 6: Net Result and Cash Flow
NET RESULT AND CASH FLOW EUR million IV/2009 IV/2008 I-IV/2009 I-IV/2008 Net profit for the period -0.8 1.0 14.3 19.2 Adjustments (reversal of non-cash items) 2.9 2.8 14.7 13.0 Financial items and taxes paid/received -1.6 -4.7 -7.4 -14.0 Change in working capital 5.6 2.5 3.0 -12.7 Net cash from oper
Slide 7: Strategy Implementation
STRATEGY IMPLEMENTATION • Implementation of the groups strategy continued in 2009. • High emphasis on making a positive turnaround in cash flow and finalizing the new operating model in the Chinese manufacturing operations. • A major supply chain and logistics initiative to shorten the lead-times, l
Slide 8: Short-Term Outlook
SHORT-TERM OUTLOOK • In general, the short-term outlook is cautiously optimistic. • General uncertainty may continue in the world economy and will most likely continue to affect the ordering behavior of many customers and maintain the need for quick deliveries and short lead-times. • Orders for Grou
Slide 9: Financial Trends in Rapala
FINANCIAL TRENDS IN RAPALA • Top line growth expected to continue after the fall-back (world recession) in 2009. • Also positive development in profitability expected to continue after 2009. • Financial position getting even stronger allowing headroom for new acquisitions. 140 800 % 120 700 % 600 %
Slide 10: Shares and Shareholders
SHARES AND SHAREHOLDERS SHARE RELATED DATA (12/2009) Share price index performance in 2008–2009 • Market capitalization 196.2 MEUR • 2009 high/low 5.16/3.50 EUR • All-time high/low 8.40/2.50 EUR MAJOR SHAREHOLDERS • VMC Holdings 28 % • Sofina 19 % Share price performance in 2005–2009 • Odin Funds 8%
Slide 11: Company Events in Spring 2010
COMPANY EVENTS IN SPRING 2010 Q1 Results 2010 Published On April 27, 2010