Slide 1: Financial Report January – June 2018
FINANCIAL REPORT January – June 2018
Slide 2: Strategy
Strategy “We are constantly working according to our established strategy, in order to meet the company’s objectives and financial targets.” The strategy is based on the following areas » “The Power of together” » Customer focus » Market leading offering independent of suppliers » Emphasis on in
Slide 3: Market trends
Market trends The underlying growth of digital business-critical information remains high The rapid digitisation taking place in most industries and businesses and the increasing volume of business-critical information, means that the IT infrastructure is becoming increasingly complex and new de
Slide 4: The second quarter in brief
The second quarter in brief Total revenues increased by 5% to 868 MSEK, new accounting principals (described in the interim report for the first quarter) have negatively affected the revenues with 8 MSEK The company's gross margin has increased by 1 percentage points EBITDA increased by 8% and
Slide 5: The second quarter in brief cont'd
The second quarter in brief cont’d System sales revenues » Revenues increased by 6% and amounted to 575 (544) MSEK Service revenues » Total revenues continued to develop positively during the quarter and amounted to 291 MSEK, an increase of 4% » Revenues relating to cloud services amounted to 10
Slide 6: Income statement April – June 2018
Income statement April – June 2018 (MSEK) Apr-Jun Apr-Jun Revenue Growth 2018 2017 Total revenue 5.1% System Sales 575.0 544.1 …if reversed change in accounting principles, for comparison: Services 290.6 280.2 Apr-Jun 2018 876 Other 2.0 1.3 Apr-Jun 2017 830 Revenue 867.6 825.6 Growth, adjusted 5.5%
Slide 7: Income statement January – June 2018
Income statement January – June 2018 (MSEK) Jan-Jun Jan-Jun Revenue Growth 2018 2017 Total revenue -4.2% System Sales 1,056.3 1,142.2 …if reversed change in accounting principles, for comparison: Services 566.6 554.1 Jan-Jun 2018 1,729 Other 3.3 1.9 Jan-Jun 2017 1,707 Revenue 1,626.2 1,698.2 Growth,
Slide 8: Income statement rolling 12 months
Income statement rolling 12 months (MSEK) Jul-Jun Jul-Jun Revenue Growth 2017/2018 2016/2017 Total revenue 0.3% System Sales 2,046.8 2,096.1 Growth, in local currencies -0.5% Services 1,118.0 1,061.5 System sales -2.3% Other 6.5 3.0 Growth, in local currencies -2.9% Services 5.3% Revenue 3,171.3 3,1
Slide 9: Revenue and profit before tax per Business Unit
Revenue and profit before tax per Business Unit April - June April - June 2018 2017 (MSEK) Revenue PBT Net Revenue PBT Net margin margin Nordics 418 22.0 5.3% 417 20.2 4.8% UK 170 7.1 4.2% 129 2.9 2.2% West 249 18.0 7.2% 253 14.0 5.6% East 32 2.9 9.3% 30 1.4 4.9% Proact Finance 27 1.3 4.9% 28 2.2 7.
Slide 10: Revenue and profit before tax per Business Unit
Revenue and profit before tax per Business Unit January - June January - June 2018 2017 (MSEK) Revenue PBT Net Revenue PBT Net margin margin Nordics 757 38.8 5.1% 866 45.5 5.3% UK 317 14.0 4.4% 275 7.2 2.6% West 494 30.0 6.1% 512 15.8 3.1% East 68 5.9 8.7% 54 3.1 5.7% Proact Finance 58 2.0 3.5% 38 2
Slide 11: Revenue per industry 12 months Jul-Jun 2017/2018
Revenue per industry 12 months Jul-Jun 2017/2018
Slide 12: Cash flow April – June 2018
Cash flow April – June 2018 Liquid Funds March 31, 2018 180 Cash-flow from current operations 55 Current operations 56 Change in working capital -1 Cash-flow from investment activities -15 Fixed assets -16 Other 1 Cash-flow from financial activities -62 Bank loans/Bank overdraft facilities -27 Acqui
Slide 13: Cash flow January – June 2018
Cash flow January – June 2018 Liquid Funds December 31, 2017 220 Cash-flow from current operations 42 Current operations 90 Change in working capital -48 Cash-flow from investment activities -65 Fixed assets -46 Acquisitions -19 Cash-flow from financial activities -54 Bank loans/Bank overdraft facil
Slide 14: Key ratios – Balance sheet
Key ratios – Balance sheet (MSEK) 2018 2017 2017 Jun 30 Dec 31 Jun 30 Total Assets 2,020 1,941 1,761 whereof Goodwill 403 385 371 whereof Intangible fixed assets 89 99 127 whereof Accounts receivables 536 575 422 Equity 418 384 359 Solidity 21% 20% 20% Cash and bank deposits 163 220 188 Bank loan, o
Slide 15: Proact share – Top 10 owners June 30, 2018
Proact share – Top 10 owners June 30, 2018 2018 2018 June 30 March 31 AB Grenspecialisten 11.1 % 11.1 % Livförsäkrings AB Skandia 10.9 % 10.9 % UBS AG London Branch A/C Client 8.0 % 8.0 % Fondita Nordic Micro Cap SR 4.3 % 4.6 % Skandia Sverige 3.8 % 3.8 % Försäkringsaktiebolaget, Avanza Pension 2.9