Lagercrantz Group Ab Class B · OMXSTO:LAGR_B
Lagercrantz Group Ab Class B — Q2 2011/12 Earnings Presentation
15 slides from Lagercrantz Group Ab Class B's earnings presentation, Nov 8, 2011
Slide 1: Interim report Q2 2011/12
Interim report Q2 2011/12 1 April 2011–30 September 2011 (6 months) 8 November 2011 Jörgen Wigh, President and CEO
Slide 2: Technology company with leading positions in niches
Introduction to Lagercrantz Group Technology company with leading positions in niches Lagercrantz Group Electronics Mechatronics Communications 7 profit units 9 profit units 10 profit units 6 countries 5 countries 3 countries Beijing Hong Kong Technology trading group in electronics, electrics, co
Slide 3: Divisions
Introduction to Lagercrantz Group Divisions Division Division Division Electronics Mechatronics Communications • Industrial wireless communication • Electrical connection systems • Video conferencing, CCTV, technical security • Embedded electronic systems • Niche steel products • Distribution of sof
Slide 4: The business situation
The business situation Good demand during both the first six months as well as the second quarter Sequentially (compared to Q1), the second quarter showed a slightly lower growth rate in demand Organic growth 5% during second quarter compared to 7% during first quarter. By area, demand was g
Slide 5: Second quarter 2011/12
Second quarter 2011/12 July–September 2011 Net revenue increased by 9% to MSEK 539 (494) Organic growth 5% Operating profit increased by 34% to MSEK 47 (35) Excluding one-off items of MSEK 2 Operating margin reached 8.7% (7.1), so far the highest quarter for the Group Earnings per share
Slide 6: Result per division
Interim report Q2 2011/12 Result per division NET REVENUE 2011/12 2010/11 – quarterly MSEK 6 mon. Q2 Q1 Q4 Q3 6 mon. Q2 Q1 Electronics 301 152 149 166 149 271 138 133 Mechatronics 445 218 227 182 188 370 199 171 Communications 348 169 179 203 193 307 157 150 Parent company/consolidation items - - -
Slide 7: Of importance ahead
Of importance ahead Accomplish the strategic focus Broadening of operations. Accomplish decentralisation and management by objectives. Focus on value added. Controlled growth by e.g. acquisitions. Preparations for any possible financial effects from the economic and financial crisis In
Slide 8: Clear goals and vision
Clear goals and vision Goals: Growth of not less than15% per year of result after finance items Return equity of not less than 25% Vision A leader in value-creating technology with market-leading positions in expansive niches. 8
Slide 9: Broadening of operations
Broadening of operations Share of consolidated sales, % 3 4 9 6 Service and other 13 15 System integration Niche production 13 26 Proprietary products Trade 62 50 9
Slide 10: Focus on value added
Focus on value added Gross margin, % 28.8 28.0 Focus on value creation and gross 26.3 26.5 margins. 24.5 25.3 Customisation, development and 20.8 21.2 combinations of different products contribute to adding value in the offering. Focus on businessman ship training. Increase the element of pr
Slide 11: Acquisitions
Acquisitions An important element of the growth strategy. År Förvärvsobjekt In 2010/2011, five companies and an on 2006 Nordic Alarm (Communications) going business were acquired with a Elpress-gruppen (Mechatronics) K&K Oy (Communications) combined business volume of MSEK 300. 2007 Direktronik
Slide 12: Lagercrantz has resilience
Lagercrantz has resilience Niche orientation mean distribution of risk Different product groups, business models, geography, segments and end customer markets Model with approx. 25 autonomous companies Focus, flexibility, close to customer and supplier Small dedicated organisations who liv
Slide 13: Lagercrantz today
Summary Lagercrantz today Well-functioning business concept and strategic focus towards increased value added. A number of strong market positions in interesting niches. Continued interesting conditions for acquisitions with a dedicated organisation and strong balance sheet. 13
Slide 14: Net revenue and profit development since the IPO
Net revenue and profit development since the IPO Moving 12 months by quarter 3 000 175 Net revenue Profit after finance items 155 2 500 Profit after finance items 135 Net revenue 2 000 115 95 1 500 Recovery 75 Rationalisation Acquisitions Centralisation Decentralisation, 1 000 55 Acquisitions, Objec
Slide 15: Thank you!
Lagercrantz Group Thank you!