Nobia Ab · OMXSTO:NOBI

Nobia Ab — Q4 2013 Earnings Presentation

14 slides from Nobia Ab's earnings presentation, Feb 13, 2014

  1. Slide 1: Slide 1

  2. Slide 2: Interim report Jan-Dec 2013

    Interim report Jan-Dec 2013 13 February 2014 2

  3. Slide 3: Q4 highlights

    Q4 highlights  Organic growth –1% (–2)  Gross margin* 42.0% (42.0)  EBIT margin* 6.8% (6.3)  EBIT* SEK 199 m (196)  Profit after tax SEK 98 m (–677)  Operating cash flow SEK 210 m (133) * Excluding restructuring costs

  4. Slide 4: Kitchen market trend

    Kitchen market trend Nordic market is estimated to have been slightly down on last year. Professional segment weakened and also the consumer demand deemed to have soften. UK market continued to grow although from low levels. Consumer confidence has recovered, but the economy remains fragile. Contine

  5. Slide 5: Net sales and EBIT margin from 2008

    Net sales and EBIT margin from 2008 SEK M 9% 8%EBIT margin excl 15,991 15,418 7%restructuring costs 5.8% 14,085 5.9% 6% 13,114 12,343 11 773 5% 4.6% 4% 3.9% 3% 3.7% 2% 2.2% 1% 0% -1% 2008 2009 2010 2011 2012 2013 5

  6. Slide 6: Strategy to increase profitability

    Strategy to increase profitability Initiatives Growth TARGET: EBIT margin 10% Efficiency

  7. Slide 7: Growth initiatives

    Growth initiatives  Focus on innovation to bring both small and larger innovations faster to market  Investments in digital to improve footfall – Web site platform with improved functionality to facilitate link to store network  Nobia-wide front end excellence programme – Common sales process and

  8. Slide 8: UK region

    UK region 34% of net sales in Q4 2012 2013  Organic sales growth in both sales Oct-Dec Oct-Dec channels Net sales (SEK m) 1,018 1,029  Earnings improved, mainly as a result of increased sales values Organic growth –8% 8%  Negative currency effects Gross margin* 41.3% 41.0% EBIT* (SEK m) 66 73 EBI

  9. Slide 9: Nordic region

    Nordic region 44% of net sales in Q4 2012 2013  Organic decline due to both lower Oct-Dec Oct-Dec deliveries to professional customers Net sales (SEK m) 1,332 1,275 and lower consumer sales  Gross margin decreased due to Organic growth –1% –3% lower sales volumes and negative currency effects Gros

  10. Slide 10: Continental Europe region

    Continental Europe region 22% of net sales in Q4 2012 2013  Sales declined in all business units, Oct-Dec Oct-Dec but mainly attributable to Hygena Net sales (SEK m) 754 632  Optifit had sales of SEK 77 m in Q4 2012 Organic growth 3% –9%  Improved gross margin, primarily due to higher sales value

  11. Slide 11: Financial position, Q4

    Financial position, Q4 SEK m Q4 Q4 2012 2013 Improved operating cash flow Operating profit* 196 199  Lower investments and restructuring Change in 75 85 working capital payments Investments in fixed  Further reduction of working capital assets –131 –90  Slightly higher profit generation Operating

  12. Slide 12: Strategy and target remain

    Strategy and target remain Initiatives Growth TARGET: EBIT margin 10% Efficiency 12

  13. Slide 13: Questions & Answers

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  14. Slide 14: Slide 14

Nobia — Q4 2013 Earnings Presentation on 6ix