Merko Ehitus As · OMXTSE:MRK1T
Merko Ehitus As — 9M 2013 Earnings Presentation
11 slides from Merko Ehitus As's earnings presentation, November 2013
Slide 1: Merko Ehitus Group 9 months and III quarter 2013
Merko Ehitus Group 9 months and III quarter 2013 November 2013
Slide 2: Key Q3 highlights
Key Q3 highlights EUR millions 9M 9M Variance Q3 Q3 Variance 2013 2012 2013 2012 Revenue 197.8 177.7 +11.3% 84.1 70.9 +18.7% Gross profit margin (%) 8.8 6.0 +46.4% 9.0 7.9 +13.2% Net profit, attributable to equity holders of the parent 7.9 3.2 +148.2% 3.9 2.6 +48.6% Earnings per share (EPS), in euro
Slide 3: Revenue and gross profit improved y-o-y
Revenue and gross profit improved y-o-y REVENUES 9M 2013 revenues improved by 11.3% y-o-y. Strongest performance from general construction segment (revenues up by 38.9% y-o-y), that is also supported by increased real estate development segment (up by 35.6%) and road construction segment (up by 33
Slide 4: Profitability
Profitability 9M 2013 net profit EUR 7.9m Q3 2013 EUR 3.9m shows a positive trend. 9M 2013 Marketing and Administrative expenses are up by 14.8% y-o-y. 2012 as a comparison gives a lower basis due to the fact that the overall profit level was lower and hence the bonus reserves were lower. Corp
Slide 5: Strong balance sheet and cash position
Strong balance sheet and cash position Group’s cash position at EUR 39.1m (31.12.2012: EUR 35,3m). Total assets and debt ratio in million euros and % 248,3 The net debt amounted to EUR –4.5m and debt ratio is at a modest level of 13.9% (31.12.2012: 235,0 236,6 EUR +0.2 and 15.8%). 225,0 224,0 18
Slide 6: Stable secured order book
Stable secured order book Secured order book has increased to EUR 218.1m (by +18.3% compared to Q2 2013 and +9.3% compared to the secured order book value in 2012). EUR 109.8m worth of new contracts compared to EUR 32.4m during Q3 2012. The comparison level was influenced by fewer than usual pub
Slide 7: Market outlook
Market outlook Construction market Group’s outlook largely unchanged compared to previous quarter. Decrease in construction volumes is expected in the Baltic States during 2013 and 2014. Continuing decrease of public sector procurements due to the end of funding period 2007-2013 and uncertaint
Slide 8: Stock Exchange overview
Stock Exchange overview Market capitalization as at 30 September 2013 amounted to EUR 129.2m (30 June 2013: EUR 114,0m) The closing share price on 30 September 2013 was EUR 7.30 (30 June 2013: EUR 6.44) Dividend payment of EUR 5,3m in July 2013 (EUR 0,3 per share) No of % of total % of total S
Slide 9: About Merko Ehitus Group
About Merko Ehitus Group AS Merko Ehitus operates as a holding company incorporating construction and real estate development subsidiaries offering integrated construction solutions and developing own real estate. Merko Ehitus is the largest listed construction company in the Baltics – with revenu
Slide 10: Contacts
Contacts Andres Trink Chief Executive Officer E-mail: andres.trink@merko.ee Signe Kukin Chief Financial Officer E-mail: signe.kukin@merko.ee AS Merko Ehitus Delta Plaza, 7th floor Pärnu mnt. 141, 11314, Tallinn Phone: +372 6501 250 www.merko.ee 10
Slide 11: Disclaimer
Disclaimer This presentation has been prepared by AS Merko Ehitus (the Company) solely for your use and benefit for information purposes only. By accessing, downloading, reading or otherwise making available to yourself any content of the presentation, in whole or in part, you hereby agree to be b