Investment Ab Latour Class B · OMXSTO:LATO_B
Investment Ab Latour Class B — Q3 2024 Earnings Presentation
16 slides from Investment Ab Latour Class B's earnings presentation, Nov 6, 2024
Slide 1: Interim report January – September 2024
Interim report January – September 2024
Slide 2: Latour – a mixed investment company
Latour – a mixed investment company WHOLLY-OWNED INVESTMENT OPERATIONS PORTFOLIO Bemsiq Alimak Group Caljan ASSA ABLOY Hultafors Group CTEK Innovalift Fagerhult Nord-Lock Group HMS Networks Swegon Nederman Latour Industries Securitas Sweco Latour Future Solutions Tomra Part-owned holdings Troax Page
Slide 3: Total return for the listed portfolio 2024
Total return for the listed portfolio 2024 The total return including share price growth and dividend, for each investment company compared with the SIXRX benchmark index. Page 4
Slide 4: The wholly-owned industrial operations
The wholly-owned industrial operations M SEK 40 000 4000 36 000 3600 32 000 3200 28 000 2800 24 000 2400 20 000 2000 16 000 1600 12 000 1200 8 000 800 4 000 400 0 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Quarterly results Orders recei
Slide 5: Acquisitions during 2024: SEK 2.4 billion
Acquisitions during 2024 Total annual contribution SEK 2.4 billion Page 6
Slide 6: Organic growth in a challenging market
Organic growth in a challenging market Net sales and operating profit SEK M Q3 2024 Q3 2023 2 000 400 Net sales 490 380 1 500 300 Operating result* 121 94 1 000 200 500 100 Operating margin %* 24.7 24.8 0 0 2020 2021 2022 2023 TTM Q3 * Excl. IFRS 16 Net sales Operating profit Page 7
Slide 7: Weak market conditions
Weak market conditions Net sales and operating profit SEK M Q3 2024 Q3 2023 3 000 600 2 500 500 Net sales 395 457 2 000 400 Operating result* 62 60 1 500 300 1 000 200 Operating margin %* 15.7 13.1 500 100 0 0 2020 2021 2022 2023 TTM Q3 * Excl. IFRS 16 Net sales Operating profit Page 8
Slide 8: Challenging market conditions
Challenging market conditions Net sales and operating profit SEK M Q3 2024 Q3 2023 10 000 1 500 1,565 1,631 8 000 1 200 Net sales 6 000 900 Operating result* 227 266 4 000 600 2 000 300 Operating margin %* 14.5 16.3 0 0 2020 2021 2022 2023 TTM Q3 * Excl. IFRS 16 Net sales Operating profit Page 9
Slide 9: Hampered order intake due to weaker market
Hampered order intake due to weaker market Net sales and operating profit SEK M Q3 2024 Q3 2023 3 000 450 400 2 500 Net sales 599 622 350 2 000 300 250 Operating result* 72 64 1 500 200 1 000 150 100 Operating margin %* 12.1 10.3 500 50 0 0 2020 2021 2022 2023 TTM Q3 * Excl. IFRS 16 Net sales Operat
Slide 10: Building the basis for future business areas
Building the basis for future business areas Net sales and operating profit SEK M Q3 2024 Q3 2023 2 000 200 1 750 175 Net sales 440 422 1 500 150 1 250 125 Operating result* 20 41 1 000 100 750 75 500 50 Operating margin %* 4.5 9.7 250 25 0 0 2020 2021 2022 2023 TTM Q3 * Excl. IFRS 16 Net sales Oper
Slide 11: Gradually tougher market
Gradually tougher market Net sales and operating profit SEK M Q3 2024 Q3 2023 2 500 500 460 458 2 000 400 Net sales 1 500 300 Operating result* 111 127 1 000 200 500 100 Operating margin %* 24.1 27.8 0 0 2020 2021 2022 2023 TTM Q3 * Excl. IFRS 16 Net sales Operating profit Page 12
Slide 12: Good performance on most markets
Good performance on most markets Net sales and operating profit SEK M Q3 2024 Q3 2023 10 000 1 500 2,283 2,142 8 000 1 200 Net sales 6 000 900 Operating result* 314 290 4 000 600 2 000 300 Operating margin %* 13.7 13.5 0 0 2020 2021 2022 2023 TTM Q3 * Excl. IFRS 16 Net sales Operating profit Page 13
Slide 13: Net asset value SEK per share, 11.3 per cent
Net asset value SEK 216 per share by the end of September Investment Portfolio Wholly-owned Operations Part-owned Operations 91.2 60.1 0.2 Less net debt, etc. Development during the year 11.3 per cent -13.4 Latour’s net asset value 138.1 SEK per share All amounts are in SEK billion unless 216 stated
Slide 14: Financial targets
Financial targets Annual growth (minimum for all operations) >10% Operating margin (average for all operations) >15% Return on operating capital (minimum for all operations) >15% Page 15
Slide 15: Responsible active owners
Latour – creating value for our shareholders Responsible active owners Board Work Nomination committee work Page 16
Slide 16: Latour
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