Bergman & Beving Ab Class B · OMXSTO:BERG_B
Bergman & Beving Ab Class B — Q3 2017/18 Earnings Presentation
19 slides from Bergman & Beving Ab Class B's earnings presentation, Feb 9, 2018
Slide 1: Presentation – Third Quarter
Presentation – Third Quarter
Slide 2: Introduction
Introduction
Slide 3: About Bergman & Beving
About Bergman & Beving Bergman & Beving develops and provides leading brands for professionals within manufacturing and construction The group consists of the brands ESSVE, Fireseal, Arbesko, Guide, Cresto, Zekler, L. Brador, Teng Tools, Limit, Mareld, Luna and Skydda Through our strong brands
Slide 4: Business model
Business model Bergman & Beving develops and provides leading brands for Manufacturing & Construction Professionals Professionals Supplier Reseller in Manuf. & Constr. (Product Offer) (Sales Channels) (Customer Focus) 60% own products Product information and Marketing (goal >70%) e-commerce su
Slide 5: Interim Report Q3
BERGMAN @BEVING Interim Report Q3
Slide 6: Third quarter and nine months revenue and EBITA
1 April – 31 December 2017 Third Quarter Nine months Revenue amounted to MSEK 954 (970) Revenue amounted to MSEK 2 873 (2 866) ⎻ Measured in local currency and adjusted for ⎻ Measured in local currency and adjusted for number of trading days +1% number of trading days +3% ⎻ Comparable units -5%
Slide 7: Third quarter comments on earnings and markets
1 April – 31 December 2017 During the third quarter, we intensified our focus on our leading brands and strengthened our earnings compared with the year-earlier period ⎻ EBITA amounted to MSEK 55 (52) ⎻ Overall, our share of proprietary brands also continued to increase and reached over 60% Our
Slide 8: Divisional developments in the quarter
1 April – 31 December 2017 Workplace Safety displayed a strong performance and delivered an EBITA margin of more than 10 percent, the highest to date for the division ⎻ The division now has several dedicated units and launched a new e-commerce platform during the quarter The restructuring of Too
Slide 9: Share repurchases and acquisition strategy
1 April – 31 December 2017 We repurchased shares for a total of MSEK 88 during the quarter and we now hold a total of 1.4 million shares, of which approximately one-third will be used to cover two outstanding option programmes ⎻ The Board continuously assesses the need to repurchase shares in orde
Slide 10: Revenue by brand sales and by country
Revenue by brand sales and by country
Slide 11: Building Materials
Building Materials The general sense of uncertainty in the Nordic MSEK Three months Nine months Year 16/17 construction industry had an adverse impact on revenue toward the end of the quarter, Revenue 209 739 1004 resulting in some of inventory adjustments EBITA 6 67 119 among our customers EBITA
Slide 12: Workplace Safety
Workplace Safety MSEK Three months Nine months Year 16/17 Revenue for the seasonally strong third quarter was affected positively by the Revenue 349 1005 1287 acquisitions of Arbesko and AAK Safety EBITA 39 76 108 Despite market uncertainty, demand from customers in the in the area of constructi
Slide 13: Tools & Consumables
Tools & Consumables MSEK Three months Six months Year 16/17 Demand from customers in the manufacturing sector remained stable and Revenue 397 1126 1548 the positive trend in the Finnish market continued EBITA 15 18 66 The outsourcing of Luna’s logistics EBITA margin (%) 3.8% 1.6% 4.3% management
Slide 14: Appendix
BERGMAN @BEVING Appendix
Slide 15: Consolidated income statement in summary
Bergman & Beving – Consolidated income statement in summary 3 months up until 9 months up until 12 months up until MSEK 31 Dec 2017 31 Dec 2016 31 Dec 2017 31 Dec 2016 31 Dec 2017 31 Mar 2017 Revenue 954 970 2 873 2 866 3 841 3 834 Operating Profit 389 379 1 238 1 095 1 610 1 466 Operating Margin, %
Slide 16: Consolidated income statement in summary
Bergman & Beving – Consolidates Income Statement in summary 3 months 9 months R12 months Full-year CONSOLIDATED INCOME STATEMENT Continuing operations Oct-Dec Oct-Dec Apr-Dec Apr-Dec Jan-Dec MSEK 2017 2016 2017 2016 2017 2016/2017 Revenue 954 970 2,873 2,866 3,841 3,834 Other operating income 3 3 4
Slide 17: Consolidated balance sheet
Bergman & Beving – Consolidates Income Statement in summary CONSOLIDATED BALANCE SHEET MSEK 31 December 2017 31 December 2016 31 March 2017 ASSETS Intangible non-current assets 1,533 1,952 2,023 Tangible non-current assets 109 120 112 Financial non-current assets 3 7 8 Shares in associated companies
Slide 18: Consolidated cash-flow statement
Bergman & Beving – Consolidated cash-flow statement R12 CONSOLIDATED CASH-FLOW STATEMENT 3 months 9 months months Full-year Oct-Dec Oct-Dec Apr-Dec Apr-Dec Jan-Dec MSEK 2017 2016 2017 2016 2017 2016/2017 Operating activities before changes in working capital 24 82 104 313 145 354 Net profit from dis
Slide 19: Key financial ratios
Bergman & Beving – Key financial ratios R12 months Continuing operations 31 December 2017 31 March 2017 Revenue, MSEK 3,841 3,834 EBITA, MSEK 217 260 EBITA margin, % 5.6 6.8 Operating profit, MSEK 210 258 Operating margin, % 5.5 6.7 Profit after financial items, MSEK 192 253 Net profit, MSEK 154 195