Nobia Ab · OMXSTO:NOBI
Nobia Ab — Q3 2012 Earnings Presentation
13 slides from Nobia Ab's earnings presentation, Oct 26, 2012
Slide 1: myresjOkok
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Slide 2: Interim report Q3, 2012
Interim report Q3, 2012 26 October 2012 2
Slide 3: Q3: Improved margins
Q3: Improved margins Net sales SEK 2,863 m (3,109) Organic growth -5% (0) EBIT SEK 142 m (126) Weaker demand in all regions UK sales affected by core supplier leaving the market Solid margins in the Nordics Organic growth of 6% in CE Region Activities to enhance efficiency are taking effect Excludin
Slide 4: Kitchen market trend
Kitchen market trend Nordic market as a whole was weaker compared to last year, driven by lower consumer demand. The professional segment slowed UK market continued to decline. The down and was close to zero. macroeconomic uncertainties are making customers hesitant to make big ticket purchases. CE
Slide 5: Drivers that will help us reach our financial target
Drivers that will help us reach our financial target Drivers Growth Target EBIT margin 10% Efficiency We continue to be proactive to adjust costs to the market development 5
Slide 6: Bringing our strategic themes to life
Bringing our strategic themes to life • Visible differentiation in our range, service proposition and store Brand differentiation experience through innovation Growth • Innovation across all key touch-points • Best-in-class sales metrics and tracking systems to measure performance Commercial in lead
Slide 7: Nobia Group, Q3 financial highlights
Nobia Group, Q3 financial highlights Sales affected by weaker markets Gross margin improved 2011 2012 Jul-Sep Jul-Sep Higher operating profit EBIT margin improved Net sales 3,109 2,863 SEK m Restructuring costs SEK 26 m (113) Organic growth 0% –5% Profit after tax SEK 62 m (-8) Operating cash flow S
Slide 8: UK region
UK region Lower volumes in both channels Sales affected by Oakworth Joinery 2011 2012 leaving the market Jul-Sep Jul-Sep Gross margin improved Net sales 1,108 967 SEK m Earnings reduced due to lower volumes Organic growth –5% –14% Gross margin 38.3% 39.7% EBIT 66 37 SEK m EBIT margin 6.0% 3.8% Exclu
Slide 9: Nordic region
Nordic region Lower sales attributed to Sweden and Denmark Consumer sales declined and 2011 2012 Jul-Sep Jul-Sep professional sales growth turned negative in the end of the period Net sales 1,192 1,101 SEK m Gross margin improved slightly Earnings maintained Organic growth 10% –2% Gross margin 37.9%
Slide 10: Continental Europe region
Continental Europe region Higher volumes in both Poggenpohl and Hygena 2011 2012 Increased project deliveries Jul-Sep Jul-Sep Increased sales in comparable Net sales 811 802 Hygena stores SEK m Gross margin improved Organic growth –6% 6% Higher earnings Gross margin 38.2% 41.6% EBIT -18 42 SEK m EBI
Slide 11: Financial position
Financial position Operating cash flow 2011 2012 Higher profit generation SEK m Jul-Sep Jul-Sep Lower restructuring payments Change in working capital -6 4 Higher investments Operating cash flow 124 123 Net debt Increase mainly due to 2011 2012 SEK m investments 30 Sep 30 Sep Net debt 1,466 1,509 -
Slide 12: Drivers: Growth, Efficiency, EBIT margin target
Drivers Growth Target EBIT margin 10% Efficiency 12
Slide 13: 13
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