Nobia Ab · OMXSTO:NOBI
Nobia Ab — Q4 2019 Earnings Presentation
13 slides from Nobia Ab's earnings presentation, Feb 4, 2020
Slide 1: Q4 2019 Results Presentation
Jon Sintorn, CEO Kristoffer Ljungfelt, CFO Q4, 2019 February 4, 2020 1
Slide 2: Highlights Q4
Highlights Q4 Income and margin on par with prior year Q4 – Continued market volatility – Margin improvement in Nordics, organic growth in UK Important strategic steps taken – Announcement of SEK 2bn investment in automation machinery in a new factory for Nordic region – Continued roll-out of en
Slide 3: Nobia Group, Q4
Nobia Group, Q4 2018 2019 Q4 Q4 Organic net sales declined by 2% Net sales (SEKm) 3,390 3,445 – Continued growth in UK despite difficult market conditions before the referendum Organic growth -2% -2% – Negative growth in Nordic project sales Higher reported EBIT Gross margin 37.0% 37.6% – Margin
Slide 4: Kitchen market trend, Q4
Kitchen market trend, Q4 The Nordic market is deemed to be slightly down on previous year. A slightly growing market in Denmark hampered by softer project markets in foremost Norway and Finland. The UK market is estimated to be down on prior year. Retail market and construction activity impacted by
Slide 5: Financial targets
Financial targets Growth Profitability Financing Dividend >5% >10% <100% 40-60% organic and EBIT margin debt/equity of net profit acquired after tax 5
Slide 6: Net sales distribution full-year 2019
Net sales distribution full-year 2019 Nobia Group, by country UK Region, by segment Netherlands Austria 5% 4% Finland 7% Trade 27% Norway UK Retail 10% 42% 45% Sweden 12% Project Denmark 28% 20% 6
Slide 7: Nordic region, Q4
Nordic region, Q4 48% of Group net sales in Q4 2018 2019 Q4 Q4 Organic growth -4% – Organic growth was -2% excluding the impact from Net sales (SEKm) 1,698 1,658 conversion of own stores to franchise – Project sales decreased from unsustainable levels Organic growth -3% -4% in Finland EBIT and m
Slide 8: UK region, Q4
UK region, Q4 42% of Group net sales in Q4 2018 2019 Q4 Q4 Organic growth was 1% (0) – Retail market remained soft Net sales (SEK m) 1,354 1,455 – Continued growth in Magnet Trade – Increased deliveries to the London project market, Organic growth 0% 1% however growth below expectations Gross marg
Slide 9: Restructuring of UK supply chain 2019
Restructuring of UK supply chain 2019 Activities to increase capacity, leverage scale and enable future simplification / product rationalisation …creating potential for mass customisation • Capacity expansion at the Darlington Factory • Dewsbury site transformed into an Assembly and Distribution uni
Slide 10: Central Europe region, Q4
Central Europe region, Q4 10% of Group net sales in Q4 2018 2019 Q4 Q4 Organic growth -5% Net sales (SEKm) 339 332 – Organic growth and improved mix in Austria – Sales in the Netherlands negatively impacted Organic growth -11% -5% by delayed housing projects Positive impact from price and mix, o
Slide 11: Financial position
Financial position Cash flow 2018 2019 Q4 Q4 Operating profit 109 214 Operating cash flow improved Change in working capital 79 226 Operating cash flow adjusted for IFRS16 Investments in fixed assets -177 -225 was SEK 211m Operating cash flow 138 348 Underlying cash flow positively impacted by i
Slide 12: Capital Markets Day
Capital Markets Day Date: March 19, 2020 Place: Tändstickspalatset, Stockholm Details will be available on www.nobia.com/ir 12
Slide 13: Q&A
Q&A 13