Investment Ab Latour Class B · OMXSTO:LATO_B
Investment Ab Latour Class B — Q1 2024 Earnings Presentation
17 slides from Investment Ab Latour Class B's earnings presentation, Apr 26, 2024
Slide 1: Interim report January – March 2024
Interim report January – March 2024
Slide 2: Latour – a mixed investment company
Latour – a mixed investment company WHOLLY-OWNED INVESTMENT OPERATIONS PORTFOLIO Bemsiq Alimak Group Caljan ASSA ABLOY Hultafors Group CTEK Innovalift Fagerhult Nord-Lock Group HMS Networks Swegon Nederman Latour Industries Securitas Sweco Latour Future Solutions Tomra Part-owned holdings Troax Page
Slide 3: Active principal owner in listed holdings
Active principal owner in listed holdings Net sales, m SEK if not stated otherwise Ebit , m SEK if not stated otherwise 12 000 1 200 200 000 30 000 2 000 200 10 000 1 000 6 000 900 10 000 1 000 25 000 1 600 160 8 000 800 5 000 750 150 000 8 000 800 20 000 4 000 600 1 200 120 6 000 600 6 000 600 100
Slide 4: Total return for the listed portfolio 2024
Total return for the listed portfolio 2024 The total return including share price growth and dividend, for each investment company compared with the SIXRX benchmark index. Page 4
Slide 5: Good start of the year for the wholly-owned operations
Good start of the year for the wholly-owned operations Page 5
Slide 6: Innovalift – a new business area
Innovalift – a new business area Breakdown of net sales Development net sales and operating profit, SEKm 2% 3 000 300 7% 10% 2 500 250 31% 2 000 200 9% 1 500 150 1 000 100 9% 500 50 10% 22% 0 0 Vimec Aritco Motala Hissar 2019 2020 2021 2022 2023 Trailing 12 TKS Heis Gartec Vega months Esse-Ti BS Tab
Slide 7: Acquisitions during 2024
Acquisitions during 2024 Total annual contribution SEK 0.4 billion Page 7
Slide 8: Volatile market climate
Volatile market climate Net sales and operating profit SEK M Q1 2024 Q1 2023 2 000 400 Net sales 498 431 1 500 300 Operating result* 114 116 1 000 200 500 100 Operating margin %* 22.8 26.9 0 0 2020 2021 2022 2023 R12 Q1 * Excl. IFRS 16 Net sales Operating profit Page 8
Slide 9: Weak market conditions in the short-term
Weak market conditions in the short-term Net sales and operating profit SEK M Q1 2024 Q1 2023 2 500 500 315 461 2 000 400 Net sales 1 500 300 Operating result* 29 72 1 000 200 500 100 Operating margin %* 9.3 15.7 0 0 2020 2021 2022 2023 R12 Q1 * Excl. IFRS 16 Net sales Operating profit Page 9
Slide 10: Challenging market conditions
Challenging market conditions Net sales and operating profit SEK M Q1 2024 Q1 2023 10 000 1 500 1,645 1,808 8 000 1 200 Net sales 6 000 900 Operating result* 249 296 4 000 600 2 000 300 Operating margin %* 15.1 16.3 0 0 2020 2021 2022 2023 R12 Q1 * Excl. IFRS 16 Net sales Operating profit Page 10
Slide 11: Building the basis for future business areas
Building the basis for future business areas Net sales and operating profit SEK M Q1 2024 Q1 2023 5 000 500 1,084 1,016 4 000 400 Net sales 3 000 300 Operating result* 94 73 2 000 200 1 000 100 Operating margin %* 8.7 7.2 0 0 2020 2021 2022 2023 R12 Q1 * Excl. IFRS 16 Net sales Operating profit Page
Slide 12: Stable development
Stable development Net sales and operating profit SEK M Q1 2024 Q1 2023 2 500 500 481 477 2 000 400 Net sales 1 500 300 Operating result* 119 129 1 000 200 500 100 Operating margin %* 24.8 27.0 0 0 2020 2021 2022 2023 R12 Q1 * Excl. IFRS 16 Net sales Operating profit Page 12
Slide 13: Good performance on most markets
Good performance on most markets Net sales and operating profit SEK M Q1 2024 Q1 2023 10 000 1 500 2,104 2,182 8 000 1 200 Net sales 6 000 900 Operating result* 252 303 4 000 600 2 000 300 Operating margin %* 12.0 13.9 0 0 2020 2021 2022 2023 R12 Q1 * Excl. IFRS 16 Net sales Operating profit Page 13
Slide 14: Net asset value SEK per share by the end of March
Net asset value SEK 204 per share by the end of March Investment Portfolio Wholly-owned Operations Wholly-owned Operations 83.1 57.3 0.2 Less net debt, etc. Development during the year 2.8 per cent 10.4 Latour’s net asset value 130.2 SEK per share All amounts are in SEK billion unless 204 stated oth
Slide 15: Financial targets
Financial targets Annual growth (minimum for all operations) >10% Operating margin (average for all operations) >15% Return on operating capital (minimum for all operations) >15% Page 15
Slide 16: International growth with great potential
International growth with great potential 81% 14% (81%) (14%) 71 % 5% (5%) 61 % 2018 2024 Net sales outside the Nordics Page 16
Slide 17: Latour
a pt LATOUR Q8A