Slide 1: Orders at new record level and earnings improvement continues
Beijer Electronics Group AB - Interim report Q1 2022 Orders at new record level and earnings improvement continues Jenny Sjödahl, CEO Joakim Laurén, CFO
Slide 2: Agenda
Agenda • Business update • Financial performance • Concluding notes and Outlook • Q&A |2
Slide 3: Business update for the quarter
Business update for the quarter Continued strong customer demand and orders at a new record level, 662 MSEK. Confirms our growth strategy. Sales at 440 MSEK or +25% vs last year. Improved earnings trend, still at low levels. Component shortage situation remains, limiting deliveries in the qu
Slide 4: Business update by business entity
Business update by business entity Westermo Strong demand across segments and geography giving another order- quarter above 300 MSEK. Deliveries limited by component supply and profitability at 10% in the quarter. Implemented price changes starts to contribute. Access to components expected to ham
Slide 5: Orders and sales
Orders and sales Orders 700 Orders 2 800 700 Sales 2 800 650 2 600 650 2 600 600 2 400 600 2 400 550 2 200 550 2 200 500 2 000 500 2 000 450 1 800 450 1 800 MSEK by LTM MSEK by LTM MSEK by Qtr MSEK by Qtr 400 1 600 400 1 600 350 1 400 350 1 400 300 1 200 300 1 200 250 1 000 250 1 000 200 800 200 800
Slide 6: Agenda
Agenda • Business update • Financial performance • Concluding notes and Outlook • Q&A |6
Slide 7: Group – improvement of earnings driven by price increases
Group – improvement of earnings driven by price increases Q1 Q1 FY MSEK 2022 2021 % 2021 Comments to Q1 Order intake 661.6 417.2 59% 2,030.6 Sales increase vs Q1 last year but limited Sales 439.9 350.9 25% 1,618.8 by access to components. Recent lock- EBIT 28.2 4.6 68.3 EBIT% 6.4% 1.3% 4.2% downs
Slide 8: Westermo – component shortages limit sales growth
Westermo – component shortages limit sales growth Q1 Q1 FY MSEK 2022 2021 % 2021 Comments to Q1 Order intake 303.4 172.1 76% 1,056.7 Sales at +13% in the quarter excluding Sales 228.5 187.4 22% 831.5 Eltec acquisition. EBIT 22.2 17.0 30% 85.0 EBIT% 9.7% 9.1% 10.2% Component shortages limit the d
Slide 9: Beijer Electronics – record order bookings and profitability step-up
Beijer Electronics – record order bookings and profitability step-up Q1 Q1 FY MSEK 2022 2021 % 2021 Comments to Q1 Order intake 361.0 246.2 47% 980.5 All-time-high order bookings. Some Sales 214.2 164.5 30% 793.9 element of changed behaviour with EBIT 17.0 -1.9 23.0 longer time-horizon orders. EBI
Slide 10: Agenda
Agenda • Business update • Financial performance • Concluding notes and Outlook • Q&A | 10
Slide 11: Concluding notes
Concluding notes Strong demand and pipeline promising Uncertainty remains high in a turbulent world Component shortage impact sales volumes and mitigation actions have the highest priority Good potential to continue to improve profitability | 11
Slide 12: Outlook
Outlook ” BEIJER GROUP sees a good potential to achieve better financial performance in 2022 than in 2021.” | 12
Slide 13: Agenda
Agenda • Business update • Financial performance • Concluding notes and Outlook • Q&A | 13
Slide 14: Leading technology group providing solutions for a secure and connected world
Leading technology group providing solutions for a secure and connected world | 14