Fagerhult Group Ab · OMXSTO:FAG
Fagerhult Group Ab — Q1 2024 Earnings Presentation
22 slides from Fagerhult Group Ab's earnings presentation, May 3, 2024
Slide 1: We light up your world – Q1 2024 presentation
We light up your world Q1 2024 presentation May 3, 2024 www.fagerhultgroup.com
Slide 2: Good performance in Q1, high comparables
Good performance in Q1, high comparables ─ Mega-trends remain favourable ─ Order intake growth in our two largest business areas Collection and Premium ─ Continued growth in renovation and retrofit projects - new build activity remains subdued but some early positive signs ─ Gross profit margins dev
Slide 3: Q1 2024 in figures
Q1 2024 in figures Order intake: 2 102 MSEK (2 179) -3,3% organic Net sales: 2 180 MSEK (2 224) -2,2% organic Operating profit: 220 MSEK (244) Operating margin: 10,1% (11,0%) Earnings per share: 0,78 SEK (0,90) Q1 2024 presentation 3
Slide 4: A world enhanced by light
Our operating model Business Collection Premium Professional Infrastructure areas A world enhanced Smart lighting by light Strategic People & Innovation Sustainability focus areas Culture Q1 2024 presentation 4
Slide 5: EU Energy Performance of Buildings Directive
EU Energy Performance of Buildings Directive ”Lighting should communicate with relevant connected technical building systems” Q1 2024 presentation 5
Slide 6: Re:furbish, Second life, Vitality, Relight
Re:furbish Second life Vitality Relight LED Retrofit Multilume Re:Think, housing made of cardboard Q1 2024 presentation 6
Slide 7: EU Taxonomy - performance
EU Taxonomy - performance External net sales % Share Energy class A 0% Energy class B 1% Energy class C 24% Energy class D 29% Energy class E 17% Energy class F 10% Energy class G 5% Without energy class 14% 100% Share of net sales with light sensors included* 7% *Related to luminaires with integrat
Slide 8: EU Taxonomy - light sources per energy class
EU Taxonomy - light sources per energy class EPREL database 40 35 30 25 Percentage 20 15 10 5 0 A B C D E F G Industry Fagerhult Group Q1 2024 presentation 8
Slide 9: From hemp to lamp
From hemp to lamp ─ A luminaire made of hemp ─ Bio-based material ─ Available with Organic Response for smart lighting Superduper Tube Q1 2024 presentation 9
Slide 10: Collection: Philharmonie underground station, Essen
Essen, Germany Collection Philharmonie underground station
Slide 11: Financial summary Q1
Financial summary Q1 Q1 2024 presentation 11
Slide 12: Sales development
Sales development Net sales R12 Net sales R12, MSEK Q1 2024 presentation 12
Slide 13: Margin development
Margin development Operating margin by quarter and R12 Operating margin,% Rolling 12 months Q1 2024 presentation 13
Slide 14: Collection
Collection Financials Q1 ─ Order intake 936 (906) MSEK, organic 2,9% ─ Net sales 1 006 (1 003) MSEK, organic +0,3% ─ Operating margin 10,7% (10,0%) Business update ─ Continued steady growth numbers ─ Highest operating margin, since the business area was launched; 10,7% ─ Projects; Philharmonie Under
Slide 15: Premium
Premium Financials Q1 ─ Order intake 729 (703) MSEK, organic +2,8% ─ Net sales 764 (777) MSEK, organic -2,4% ─ Operating margin 12,7% (14,9%) Business update ─ Premium business area also continues the positive trend for order intake ─ Increasing the investment in smart lighting ─ Re:Furbish model wi
Slide 16: Professional
Professional Financials Q1 ─ Order intake 233 (311) MSEK, organic -19,3% ─ Net sales 261 (237) MSEK, organic 16,0% ─ Operating margin 7,1% (3,7%) Business update ─ Organic growth of +16.0% in net sales for the quarter ─ The business area continues to return to stability and higher operating margins
Slide 17: Infrastructure
Infrastructure Financials Q1 ─ Order intake 204 (259) MSEK, organic -22,4% ─ Net sales 222 (293) MSEK, organic -25,5% ─ Operating margin 10,6% (14,5%) Business update ─ Short term we see a lower level of order intake in the distribution/warehousing segment – but high levels of quotations ─ Designpla
Slide 18: Cash flow
Cash flow Operating cash flow by quarter and R12 Cash flow by quarter, MSEK Rolling 12 months Q1 2024 presentation 18
Slide 19: Net debt development
Net debt development Net debt and Net debt/EBITDA ratio Net debt, MSEK Net debt/EBITDA* Q1 2024 presentation *EBITDA adjusted for acquisitions/divestments on a proforma basis 19
Slide 20: Earnings per share
Earnings per share Earnings per share by quarter and R12 Earnings per share by quarter, SEK Rolling 12 months * Q1 2024 presentation * Not including the positive impact of the new Italian tax decree as reported in Q4 2020 20
Slide 21: Conclusions and recap Q1
Conclusions and recap Q1 ─ Q1 was a good performance with high comparables, Easter had an impact ─ We continue to see success in renovation and retrofit projects ─ Innovation remains very active – Superduper Tube ─ EU directives supportive to our strategy Q1 2024 presentation 21
Slide 22: Whispering Gallery, London
London, UK Collection Whispering Gallery