Lagercrantz Group Ab Class B · OMXSTO:LAGR_B
Lagercrantz Group Ab Class B — FY2012/13 Earnings Presentation
18 slides from Lagercrantz Group Ab Class B's earnings presentation, May 7, 2013
Slide 1: Year-end report 2012/13
Year-end report 2012/13 1 April 2012 – 31 March 2013 (12 months) 7 May 2013 Jörgen Wigh, President and CEO Bengt Lejdström, CFO
Slide 2: Technology group with leading positions in niches
Introduction to Lagercrantz Group Technology group with leading positions in niches Lagercrantz Group Electronics Mechatronics Communications Niche Products 9 profit centres 8 profit centres 9 profit centres 5 profit centres 7 countries 5 countries 4 countries 2 countries Technology group in electro
Slide 3: Divisions
Introduction to Lagercrantz Group Divisions Electronics Mechatronics Communications Niche Products • Embedded electronics • Electrical connection systems • Digital image transmission • Niched steel products • Lighting control • Electric security technology/technical security • Components for conveyo
Slide 4: Revenues and profits
Revenues and profits Rolling 12 months, quarterly data Net sales Result after finance items 2,500 200 Result after finance items, MSEK 2,000 Net sales, MSEK 150 Operational improvements 1,500 Acquisitions (product companies) 100 1,000 Recovery Action program Acquisitions in recession 50 500 Decentra
Slide 5: Business conditions
Year-end Report Business conditions Group comments 2012/13 The overall business was stable during the financial year. The best development was seen in the Scandinavian countries, but it was slightly lower in Finland and Germany. Sales at the early part of the financial year were in line with the yea
Slide 6: Business conditions – Divisions
Year-end Report Business conditions – Divisions Comments fourth quarter (Jan-Mars 2013) Electronics: A slightly weaker market situation overall for comparable units was compensated for by acquired business volume, especially in the area of lighting control. Mechatronics: Some unit in the division re
Slide 7: Year-end Report 2012/13
Year-end Report 2012/13 April 2012–March 2013 Net revenue for the period increased by 3 percent to MSEK 2 328 (2 265). Growth 3 percent, equivalent to organic growth adjusted by currency down by 3 percent. Operating profit increased by 16 percent to MSEK 213 (184). Operating margin increased to 9.1
Slide 8: Fourth quarter 2012/13
Year-end Report Fourth quarter 2012/13 Jan–March 2013 Net revenue for the fourth quarter increased by 3 percent to MSEK 619 (602). Growth 3 percent, equivalent to organic growth adjusted by currency down by 5 percent. Operating profit increased with 13 percent to MSEK 59 (52). Operating margin was 9
Slide 9: Organic growth and growth via acquisitions
Year-end Report Organic growth and growth via acquisitions Apr - Mar 2011/12 FX Organic M&A 2012/13 Net sales 2 265 -49 -77 189 2 328 y-o-y -2.2% -3.4% 8.4% 2.8% CM 750 -13 -25 99 812 y-o-y -1.7% -3.3% 13.2% 8.2% EBIT 184 -3 8 24 213 y-o-y -1.6% 4.2% 13.2% 15.5% EBT 171 -3 16 16 200 y-o-y -1.8% 9.4%
Slide 10: Outcome by division
Year-end Report Outcome by division NET SALES 2012/13 2011/12 MSEK 12 months Q4 Q3 Q2 Q1 12 months Q4 Q3 Q2 Q1 Apr - Mar Apr - Mar Electronics 623 166 159 149 149 606 158 147 152 149 Mechatronics 703 179 169 174 181 770 199 197 192 182 Communications 785 216 210 178 181 739 203 188 169 179 Niche Pro
Slide 11: Important issues going forward
Important issues going forward Continue on the strategic path. Growth issues, increasingly important in a turbulent world. Continued focus on adding value. Acquisitions - of leading companies in expansive niche segments. 11
Slide 12: Vision and goals for Lagercrantz
Vision and goals for Lagercrantz Leading supplier of value-creating technology with market-leading positions in expansive industries Annual growth of not less than 15 % profit after finance items. Return on equity of at least 25%. 12
Slide 13: Adapt strategies/actions
Adapt strategies/actions Niche focus gives different situations, possibilities and challenges. Different product groups, business models, geographies, segments and end customer markets. Spread the risks. Increased focus on growth. We adapt actions to current situation for each company. Focus and fle
Slide 14: Focus on value added
Focus on value added Gross margin, % 30.5 Focus on value creation and 28.0 29.0 26.3 26.5 gross margins. 24.5 25.3 20.8 21.2 Goal-setting Training Phasing out products with low margins. Increased element of proprietary products. 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 Acquisition of bu
Slide 15: Broadening of operations
Broadening of operations Share of consolidated sales, percent 3 4 9 7 Service & Other 13 13 System integration 13 Niche production 29 Proprietary products Trading 62 47 2006/07 2012/13 15
Slide 16: Four acquisitions
Four acquisitions Elkapsling develops, manufactures and sells electric enclosures used to protect electric and telecoms installations with stringent requirement for e.g. durability The Thermod companies manufacture and humidity resistance. and sell niched doors made from fibreglass-armoured plastic
Slide 17: Lagercrantz today
Summary Lagercrantz today Well functioning business concept and a number of strong market positions in interesting niches. Decentralization generates dedicated employees. Policies and measures to adapt to the prevailing situation. Take-off with a new division. Increased share of own products allows
Slide 18: Thank you!
Lagercrantz Group