Lagercrantz Group Ab Class B · OMXSTO:LAGR_B
Lagercrantz Group Ab Class B — Q2 2009/10 Earnings Presentation
14 slides from Lagercrantz Group Ab Class B's earnings presentation, Nov 11, 2009
Slide 1: Interim Report 1 April–30 September 2009
Interim Report 1 April–30 September 2009 6 months 11 November 2009 Jörgen Wigh, President & CEO Niklas Enmark, Executive Vice President & CFO
Slide 2: Lagercrantz today
Lagercrantz today Value-creating technology trading company with market-leading positions in niches Lagercrantz Group Electronics Mechatronics Communications 7 profit cenres 5 profit centres 9 profit centres 6 countries 5 countries 3 countries Beijing Hong Kong Technology trading group in electron
Slide 3: Divisions
Lagercrantz today Divisions Division Division Division Electronics Mechatronics Communications • Industrial wireless communication • Customised cable harnesses • Video conferencing, CCTV, technical • Embedded electronic systems • Electrical connection systems security • Electro-mechanical systems, p
Slide 4: Current trading
Interim Report Current trading The recession began to affect Lagercrantz in November 2008. The drop in volume has been in the order of 20-25 percent. Certain stablisation was seen during the second quarter and some businesses are seeing a slight increase in demand. Electronics – Stabilised vol
Slide 5: Second quarter 2009/10
Interim Report Second quarter 2009/10 July–September 2009 Net revenue amounted to MSEK 403 (521). Operating profit was MSEK 12 (32). The operating margin was 3.0 percent (6.1). Restructuring in certain parts of the Group. The Access area in Norway being phased out. Operations in division
Slide 6: First six months of 2009/10
Interim Report Fist six months of 2009/10 April–September 2009 Net revenue for the first six months of 2009/10 amounted to MSEK 837 (1,053) The 21 percent drop is linked to the current recession and resructuring of certain businesses. Operating profit for the first six months of the year amoun
Slide 7: Results by division
Interim Report Results by division 7
Slide 8: Action program with focus on costs and capital tied up
Interim Report Action program with focus on costs and capital tied up Number of employees Personnel reductions Focus on reducing inventories and mitigating risks in accounts receivable Sep/Oct 2008 809 Focus on gross margins Sep Overall restraint when it comes to costs 651 2009 Capital spe
Slide 9: Four important strategies for Lagercrantz
The future Four important strategies for Lagercrantz 1. Broadening of operations 2. Further decentralisation and management by objective 3. Focus on value added 4. Acquisitions 9
Slide 10: Niche focus means risk diversification
Interim Report Niche focus means risk diversification Revenue financial year 2008/09 by... Revenue by market segment Revenue by market channel Revenue by business type Power and distribution 19% Electronics 16% Hardware trade 45% Construction 11% Proprietary products 17% Telecommunication 10% Direct
Slide 11: Decentralisation & management by objective
The future Decentralisation & management by objective with, inter alia, more benchmarking among units 6% 45% Profit margin 15% P/WC Profitability Profit growth Strategy and measures adapted to Note: conditions for each business unit ROS Profit margin P/WC Return on working capital REX Profit growth
Slide 12: Focus on value added
The future Focus on value added Improved gross margins, % Continued focus on gross margins Increase the proportion of businesses 26.3 26.4 24.5 25.3 with higher margins 20.8 21.2 Phase-out of standard components with low margins Product line changes in the direction of products with greater
Slide 13: Acquisitions – an important element of the strategy
The future Acquisitions – an important element of the strategy Acquired businesses Acquisitions an important element 2000 Elfac and Enkom acquired (part of Mechatronics) of Lagercrantz Group’s growth 2001 KablageProduktion i Västerås acquired (part of strategy Mechatronics) 2002 Unitronic acquired
Slide 14: Interim Report 1 April–30 September 2009
Interim Report 1 April–30 September 2009 6 months