Nobia Ab · OMXSTO:NOBI
Nobia Ab — Q2 2022 Earnings Presentation
12 slides from Nobia Ab's earnings presentation, 2022
Slide 1: Q2 2022 Results Presentation
Q2 2022 Results Presentation Jon Sintorn, CEO Kristoffer Ljungfelt, CFO
Slide 2: Nobia Group, highlights Q2
Nobia Group, highlights Q2 • Market holding up well 2021 Q2 2022 Q2 − Project market driven by strong housing completions • Net sales SEK 3.9bn with organic growth 3% Net sales (SEKm) 3,622 3,890 − Solid order book remains Organic growth (%) 35 3 • Gross profit 36.3% (39.0) − SEK ~270m direct materi
Slide 3: Kitchen market development
Kitchen market development Nordic market: Stable market development in consumer. Project segment holding up well on the back of new housing completions UK: Growing in value. Trade segment gaining share in market. London super-premium project market remains weak. Austria and Netherlands: Stable under
Slide 4: Direct material pricing impact update Q2
Direct material pricing impact update Q2 Packaging & • Significant inflationary pressure on direct material Chemicals Joinery 5% • Total on-cost for material, energy and transport of 6% approx. SEK 270m in Q2 Appliances Frontals 26% • Material prices flattening out on a high level 13% • Latest extra
Slide 5: Tomorrow Together Strategy - priorities
Tomorrow Together Strategy - priorities Sustainability and Design Leadership ambition: Growth Acceleration initiatives: Leading the industry through reduced environmental • Catapult trade growth footprint and beautiful and purposeful design • Revitalise consumer retail • Reinforce project leadership
Slide 6: Structural efficiency
Structural efficiency • New Jönköping factory ahead of schedule and budget - Around 50% of the factory building completed - First production machinery installed - Some component manufacturing to start before year-end • Shared services centre in Vilnius operational • First Group-wide digital sales so
Slide 7: Nordic region
Nordic region Share of Group sales, % Sales by country, % Finland • Organic net sales increased 6% 12% – Growth in Denmark and Finland Norway Denmark Nordic 19% – Good demand in project segment 55% 46% – Continued solid orderbook Sweden 23% • EBIT amounted to SEK 248m* (321), margin of 11.5% (16.1)
Slide 8: UK region
UK region Share of Group sales, % Sales by segment, % Other • Organic net sales growth 5% 18% Trade UK – 10% growth excl. the discontinued Benchmarx sales 35% 33% Project – Magnet retail up 30% on back of strong winter sales 16% – Price increases and more sales at higher price points Retail 33% • Ne
Slide 9: Portfolio Business Units
Portfolio Business Units Share of Group sales, % Distribution of sales, % PBU • Organic net sales declined 11% 12% Other 20% – Continued growth in Austria Netherlands 43% – Sales in Netherlands impacted by temporary production stop Austria following suspected cyber attack 37% – Weak market for Commo
Slide 10: Financial position
Financial position Cash flow Q2 2021 Q2 2022 Cash flow from operating activities 685 694 • Cash flow from operating activities Operating cash flow 618 286 SEK 694m (685) Of w. operating profit 347 62 • Operating cash flow of SEK 286m (618), impacted Of w. change in working capital 147 391 by the inv
Slide 11: Going forward
Going forward • Stable market demand • Continued price increases and drive towards higher average order values • Manage supply chain constraints • Keep momentum in the major strategic initiatives • Cost-out savings SEK 140m annually 11
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