Nobia Ab · OMXSTO:NOBI

Nobia Ab — Q1 2018 Earnings Presentation

13 slides from Nobia Ab's earnings presentation, Apr 27, 2018

  1. Slide 1: Interim report Jan-Mar 2018

    Interim report Jan-Mar 2018 April 27, 2018 1

  2. Slide 2: Q1 Highlights

    Q1 Highlights  Net sales SEK 3,173 m (3,315)  Organic growth -6% (10)  Gross margin 39.7% (38.9)  EBIT SEK 255 m (273)  EBIT margin 8.0% (8.2)  Profit after tax SEK 193 m (205)  Operating cash flow SEK 64 m (101)

  3. Slide 3: Kitchen market trend, Q1

    Kitchen market trend, Q1 The Nordic market grew year-on-year. New build completions continued to be the driver of the positive trend, albeit at a slower rate than previously. The UK market is estimated to be down on past year, driven by the macroeconomic uncertainty. Poor weather conditions also aff

  4. Slide 4: Net sales and operating margin

    Net sales and operating margin 10.1% SEK m % 4 000 12 3 000 9 2 000 6 1 000 3 – _ Q1 16 Q2 16 Q3 16 Q4 16 Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Net sales, SEKm Operating margin 12 months roll, % 4

  5. Slide 5: Financial targets

    Financial targets Growth Profitability Financing Dividend >5% >10% <100% 40-60% organic and EBIT margin debt/equity of net profit acquired after tax

  6. Slide 6: Strategic initiatives

    Strategic initiatives VISION Inspiring kitchens made easy FINANCIAL TARGETS Omnichannel Value for Product Supply chain Acquisitions People money offer management footprint Front-end growth Back-end efficiency Enabling pillars Scale benefits throughout the value chain

  7. Slide 7: Net sales distribution, 12 months roll

    Net sales distribution, 12 months roll Total net sales by country UK net sales by channel Austria Other 1% Finland 3% B2B 22% Magnet Retail 7% 28% Norway UK 44% 12% Sweden 14% Contract 27% Magnet Trade Denmark 19% 23%

  8. Slide 8: Nordic region

    Nordic region 53% of net sales in Q1 2017 2018  Organic growth affected by fewer Jan-Mar Jan-Mar delivery days Net sales (SEK m) 1,672 1,682  Gross margin declined due to currency and higher material prices Organic growth 16% -1%  EBIT margin unchanged  Ready-to-assemble continued to grow Gross

  9. Slide 9: UK region

    UK region 43% of net sales in Q1 2017 2018  Organic sales decline, primarily due to Jan-Mar Jan-Mar exit of Homebase and lower project deliveries than last year Net sales (SEK m) 1,527 1,367  Gross margin improved as a result of favourable sales mix and higher Organic growth 6% -12% sales values 

  10. Slide 10: Central Europe region

    Central Europe region 4% of net sales in Q1 2017 2018  Organic growth Jan-Mar Jan-Mar  Margins declined due to sales mix Net sales (SEK m) 116 124  Value proposition change initiated Organic growth -2% 1% Gross margin 31.0% 28.2% EBIT (SEK m) 4 2 EBIT margin 3.4% 1.6% 10

  11. Slide 11: Financial position, Q1

    Financial position, Q1 SEK m 2017 Jan-Mar 2018 Jan-Mar Operating profit 273 255 Operating cash flow declined  Negative change in working capital Change in -117 -127 working capital  Higher investments Investments in fixed assets -56 -74 Operating cash flow 101 64 Strong balance sheet  Negative ne

  12. Slide 12: Strategy and main financial targets

    Strategy and main financial targets Focus on Growth, >5% organic and acquired Growth Efficiency >10% EBIT margin 12

  13. Slide 13: Q&A

    Q&A

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