Nelly Group Ab · OMXSTO:NELLY
Nelly Group Ab — Qliro Group — Q4 2014 Earnings Presentation
15 slides from Nelly Group Ab's earnings presentation, February 2015
Slide 1: Fourth Quarter and Full Year 2014
Fourth Quarter and Full Year 2014 qlirogroup.com
Slide 2: Highlights
Highlights • Total sales growth of 15 % and all segments showed sales growth. • EBITDA, excluding non-recurring items, SEK 49 million for 2014. • Positive cash flow from operations, excluding Qliro Financial Services’ loan book, amounting to SEK 75 million in 2014. • Successful launch of Qliro Payme
Slide 3: Financials
FINANCIALS qlirogroup.com 3
Slide 4: Income Statement
Income Statement Excluding divested entities and non-recurring items 2014 2013 2014 2013 (SEK million) Q4 Q4 Jan-Oct Jan-Oct Net Sales 1 649,6 1 438,7 4 966,8 4 326,8 • Net sales increased by 15% for Q4 and the 218,7 206,2 710,4 608,7 Gross profit full year. 13,3% 14,3% 14,3% 14,1% Gross margin (%)
Slide 5: Cash Flow
Cash Flow 2014 2013 2014 2013 (SEK million) Q4 Q4 Jan-Oct Jan-Oct Cash flow from operating activities 6,4 29,1 16,0 -54,5 • Cash flow from operations excluding Qliro Financial Services’ loan book Changes in working capital 80,2 109,0 -122,5 -84,0 improved to SEK 256,4 million and SEK Cash flow from
Slide 6: Financial Position
Financial Position • Inventories increased by 30%. 2014 2013 (SEK million) 31-dec 31-dec Total non-current assets 780,2 724,6 • Group cash and cash equivalents Inventories 657,9 525,2 increased to SEK 534.0 (288.9) million in Loans to the public 181,2 0,0 Q4. Current non-interestbearing receivables
Slide 7: Business Segments
BUSINESS SEGMENTS qlirogroup.com 7
Slide 8: Qliro Financial Services
Qliro Financial Services • Successful launch across Tretti, Q4 14 FY 14 Lekmer, CDON and Nelly. Total operating income 2,2 2,3 EBIT (SEK million) -13,9 -14,2 • Processed 407 000 orders in Q4. • Business volume of SEK 323,5 Loans to the public 181,2 181,2 million. • Public lending totalled SEK 181,2
Slide 9: Lekmer
Lekmer Q4 14 Q4 13 Growth FY 14 FY 13 Growth • Sales increased by 44% in Q4 and Net sales (SEK million) 243,2 169,2 44% 484,0 317,0 53% 53% for the full year. EBITDA (SEK million) 10,7 5,5 2,2 -1,5 • Lekmer’s operating profit (EBIT) EBITDA margin (%) 4,4% 3,3% 0,5% -0,5% improved significantly durin
Slide 10: Nelly
Nelly Q4 14 Q4 13 Growth FY 14 FY 13 Growth • Sales increased by 14% in Q4 and 18% Net sales (SEK million) 343,7 300,4 14% 1 102,0 932,6 18% for the full year. EBITDA (SEK million) -0,8 4,9 -10,0 -13,7 • Product margin of 43% (45%) in Q4. EBITDA margin (%) -0,2% 1,6% -0,9% -1,5% EBIT (SEK million) -
Slide 11: Gymgrossisten
Gymgrossisten Q4 14 Q4 13 Growth FY 14 FY 13 Growth • Sales increased by 14% in Q4 and Net sales (SEK million) 200,2 175,3 14% 831,1 677,4 23% 23% for the full year. EBITDA (SEK million) 14,8 15,2 68,9 64,2 • Full year EBIT margin of 7,9%. EBITDA margin (%) 7,4% 8,7% 8,3% 9,5% EBIT (SEK million) 14,
Slide 12: Tretti
Tretti Q4 14 Q4 13 Growth FY 14 FY 13 Growth Net sales (SEK million) 193,6 179,4 8% 668,7 568,8 18% • Sales increased by 8% in Q4 and EBITDA (SEK million) 2,2 4,5 6,5 6,1 18% for the full year. EBITDA margin (%) 1,1% 2,5% 1,0% 1,1% EBIT (SEK million) 1,5 3,7 3,4 2,4 • In Q4, Tretti showed growth wit
Slide 13: CDON Marketplace
CDON Marketplace Q4 14 Q4 13 Growth FY 14 FY 13 Growth • Sales increased by 9% in Q4 and 3% Net sales (SEK million) 672,6 616,4 9% 1 887,8 1 839,3 3% for the full year. EBITDA (SEK million) 7,9 5,8 4,0 9,8 • Improved operating profit (EBIT) vs EBITDA margin (%) 1,2% 0,9% 0,2% 0,5% Q4 last year. EBIT
Slide 14: Forward looking statement
Forward looking statement • Increased focus of market related investments in the Nordics. • CDON’s warehouse consolidation is expected to amount to a total of SEK 15-20 million. The remaining SEK 3.4-8.4 million will be reported separately in 2015. • Lekmer’s warehouse relocation is expected to amou
Slide 15: Thank you!
Thank you! Next report: 21 April 2015 nasdaq symbol QLRO follow us on twitter @qlirogroup Qliro Group AB (publ.) Box 195 25 SE-104 32 Stockholm +46 (0)10 703 20 00 office@qlirogroup.com qlirogroup.com