Slide 1: Q3 report Jul-Sep 2024
Q3 report Jul-Sep 2024 JONAS GUSTAVSSON, PRESIDENT & CEO BO SANDSTRÖM, CFO OCTOBER 25, 2024
Slide 2: Q3: Improved profitability in a mixed market
Q3: Improved profitability in a mixed market FLAT GROWTH, STABLE ORDER STOCK — Total growth of -1.1% and 0.1% adj. organic — Mixed market with increased uncertainty in industrial segments 5,993 Net sales, SEK million — Stable order stock of SEK 20 billion IMPROVED PROFITABILITY -1.1 Total growth, %
Slide 3: Market update
Market update INDUSTRIAL SECTOR — Mixed market with increased uncertainty in some segments — Stable demand in several segments, such as automotive, food and life science — Weak demand in pulp & paper, as well as telecom and for IT consultants ENERGY SECTOR — Strong demand driven by energy transition
Slide 4: Divisional overview
Divisional overview Strengthen position and profitability in infrastructure Scale globally in Grow Nordic decarbonisation, industrial and digital energy and portfolio, expand biobased materials internationally in niches Process Energy Management Infrastructure Industrial Industries Consulting & Digi
Slide 5: Main engineering partner for SSAB's fossil-free steel
Main engineering Design of new pumped Clean energy partner for SSAB’s hydro storage plant in transmission in fossil-free steel Australia Germany project in Sweden INTERNAL
Slide 6: Financial overview
Financial overview NET SALES; QUARTERLY AND R12; SEK MILLION EBITA; QUARTERLY AND R12; SEK MILLION; EXCL. IAC 27,211 2,123 26,452 2,014 22,452 1,803 6 059 5 993 5 298 384 365 326 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24
Slide 7: Net Sales
Net Sales NET SALES; SEK MILLION COMMENTS — Price development in quarter compensating for lower number of FTEs, reductions since mid 2023 — Calendar effect of 8 hours more, 0.1% -1.1% corresponding to SEK 44 million on net sales 6,059 6,063 44 4 -146 5,993 33 Q3 2023 Price/ Volume Adj. Org Calendar
Slide 8: Growth development
INFRASTRUCTURE 3.7 1.8 Growth development Q2 2024 Q3 2024 INDUSTRIAL & DIGITAL SOLUTIONS 1.8 1.6 Q2 2024 Q3 2024 ADJUSTED ORGANIC GROWTH; YoY; % 8.9 PROCESS INDUSTRIES 5.9 -5.9 -8.5 Q2 2024 Q3 2024 ENERGY 2.2 8.8 7.6 0.5 0.1 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q2 2024 Q3 2024 MANAGEMENT COMMENTS
Slide 9: Order stock
INFRASTRUCTURE 9.0 8.6 Order stock Q3 2023 Q3 2024 INDUSTRIAL & DIGITAL ORDER STOCK; SEK BILLION SOLUTIONS 2.7 3.1 Q3 2023 Q3 2024 -3.4% 20.6 20.4 20.4 19.9 19.3 19.7 PROCESS INDUSTRIES 3.3 2.2 Q3 2023 Q3 2024 ENERGY 5.0 5.4 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q3 2023 Q3 2024 MANAGEMENT
Slide 10: EBITA development
EBITA MARGIN; % INFRASTRUCTURE 2.9 5.3 EBITA development Q3 2023 Q3 2024 INDUSTRIAL & DIGITAL SOLUTIONS EBITA; SEK MILLION; EXCL. IAC 4.7 5.1 +8 Q3 2023 Q3 2024 357 365 326 31 PROCESS INDUSTRIES 9.5 7.2 Q3 2023 Q3 2024 ENERGY Q3 2023 Calendar effect Cal. Adj. Q3 2023 Q3 2024 9.1 10.3 EBITA margin 5.
Slide 11: EBITA margin, YoY development by division
EBITA margin, YoY development by division EBITA MARGIN DEVELOPMENT BY DIVISION; PERCENTAGE POINTS YOY; CALENDAR ADJUSTED COMMENTS Q1 2024 — Performance in Q3 fully in line with Q2 when adjusting Q2 2024 divisions for calendar – small Q3 2024 sequential movements — Infrastructure most significant 2 i
Slide 12: Cash flow and financial position
Cash flow and financial position OPERATIVE CASH FLOW; SEK MILLION AVAILABLE LIQUIDITY; SEK BILLION -116 0.0 958 4.6 4.1 4.2 3.8 3.8 3.8 504 420 278 108 162 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 FINANCIAL NET DEBT; EXCL. IFRS16; SEK BILLION NE
Slide 13: Focus on continuous improvement
Focus on continuous improvement 1 2 3 Improve profitability with Continue to build on our Enhance efficiency and continued focus on strong position in the flexibility in a mixed Infrastructure improvement industry and energy market programme sectors INTERNAL
Slide 14: Making Future
Making Future