Slide 1: Interim Report 1 April – 30 June 2021
INTERIM REPORT 1 APRIL – 30 JUNE 2021 Niklas Stenberg, President and CEO, and Malin Enarson, CFO
Slide 2: A very good start to the new year
A VERY GOOD START TO THE NEW YEAR ▪ Demand was very strong in most customer segments and Net sales geographies ▪ The high demand was partly 3,279 SEKm, +17% strengthened by global component shortages and extended lead times ▪ Positive effects from good cost control and well handled price increases f
Slide 3: Net sales increased to 3,279 SEKm (2,805), +17%
QUARTER 1: NET SALES NET SALES INCREASED TO 3,279 SEKM (2,805), +17% ▪ The customer demand during the quarter has been very strong in most segments and geographies – partly strengthened by the global component shortages and extended lead times ▪ Sales of input components to manufacturing companies i
Slide 4: EBITA increased to 402 SEKm (306), +31%
QUARTER 1: EBITA-DEVELOPMENT EBITA INCREASED TO 402 SEKM (306), +31% ▪ High organic sales growth, high acquisition rate, good cost control and well handled price increases from suppliers ▪ The EBITA-margin amounted to 12.3 percent, an increase of 1.4 percentage points compared to same period last ye
Slide 5: Automation
3 months ending 12 months ending AUTOMATION 30 June 21 30 June 20 Δ 30 June 21 31 Mar 21 Net Sales, SEK m 657 583 13% 2,458 2,384 QUARTER 1: EBITA, SEK m 69 50 38% 264 245 ▪ Net sales increased by 13 percent to 657 SEKm EBITA-margin, % 10.4 8.5 – 10.7 10.3 (583) ▪ EBITA increased by 38 percent to 69
Slide 6: Components
3 months ending 12 months ending COMPONENTS 30 June 21 30 June 20 Δ 30 June 21 31 Mar 21 Net Sales, SEK m 574 496 16% 2,093 2,015 QUARTER 1: EBITA, SEK m 66 50 31% 212 196 ▪ Net sales increased by 16 percent to 574 SEKm EBITA-margin, % 11.5 10.2 – 10.1 9.7 (496) ▪ EBITA increased by 31 percent to 66
Slide 7: Energy
3 months ending 12 months ending ENERGY 30 June 21 30 June 20 Δ 30 June 21 31 Mar 21 Net Sales, SEK m 700 683 2% 2,583 2,566 Kvartal 1: EBITA, SEK m 90 81 11% 338 329 ▪ Net sales increased by 2 percent to 700 EBITA-margin, % 12.9 11.9 – 13.1 12.8 SEKm (683) ▪ EBITA increased by 11 percent to 90 SEKm
Slide 8: Industrial Process
3 months ending 12 months ending INDUSTRIAL PROCESS 30 June 21 30 June 20 Δ 30 June 21 31 Mar 21 Net Sales, SEK m 823 669 23% 2,939 2,785 Quarter 1: EBITA, SEK m 114 73 56% 329 288 ▪ Net sales increased by 23 percent to 823 EBITA-margin, % 13.8 10.9 – 11.2 10.3 SEKm (669) ▪ EBITA increased by 56 per
Slide 9: Power Solutions
3 months ending 12 months ending POWER SOLUTIONS 30 June 21 30 June 20 Δ 30 June 21 31 Mar 21 Net Sales, SEK m 529 381 39% 1,754 1,606 QUARTER 1: EBITA, SEK m 75 50 50% 234 209 ▪ Net sales increased by 39 percent to 529 SEKm EBITA-margin, % 14.2 13.1 – 13.3 13.0 (381) ▪ EBITA increased by 50 percent
Slide 10: Four acquisitions in the first quarter
FOUR ACQUISITIONS IN THE FIRST QUARTER Förvärv Affärsområde Tillträde Nettoomsättning, MSEK* Antal anställda* 300 SEKm ESi Controls Ltd. Power Solutions April, 2021 95 15 Total annual turnover Hydro-Material Oy IETV Elektroteknik AB Components Energy April, 2021 May, 2021 50 80 5 38 100 New employee
Slide 11: Financial position
FINANCIAL POSITION 11
Slide 12: Income statement, condensed
INCOME STATEMENT, CONDENSED 3 months ending 12 months ending (SEKm) 30 June 21 30 June 20 30 June 21 31 Mar 20 Net Sales 3,279 2,805 11,810 11,336 Cost of sales & op. expenses -2,951 -2,556 -10,738 -10,343 Other operating items 4 -6 6 -4 Operating profit 332 243 1,078 989 Financial income & expenses
Slide 13: Net sales & margin
30/6 2021 R12 NET SALES & MARGIN Net Sales EBITA 11,810 Ksek 1,347 kSEK EBITA margin 11.4 % Operating profit 1,078 kSEK Operating margin 9.1 % 13
Slide 14: Cash flow statement, condensed
CASH FLOW STATEMENT, CONDENSED 3 months ending 12 months ending (SEKm) 30 June 21 30 June 20 30 June 21 31 Mar 21 Profit after financial items 318 233 1,022 937 Adj. for non cash items 131 129 553 551 Income tax paid -77 -60 -337 -320 Changes in working capital -164 22 149 335 Cash flow from operati
Slide 15: Cash flow recovery
15 CASH FLOW RECOVERY Cash flow from operating activities / Operating profit
Slide 16: Cash flow R12
CASH FLOW R12 Cash flow from operating and investing activities 16
Slide 17: Approach to net debt / equity ratio
APPROACH TO NET DEBT / EQUITY RATIO ▪ Besides P/WC, no specific targets for gearing and debt ▪ Debt rate bound to move up and down periodically with business like ours ▪ Our target to acquire on our own cashflow is working well 17
Slide 18: Key financial indicators
KEY FINANCIAL INDICATORS (SEKm) 30 June 21 31 Mar 21 30 June 20 Total equity (SEKm) 3,627 3,450 3,150 Equity per share, SEK 12.60 11.95 11.00 Equity ratio, % 35 35 34 Return on working capital (P/WC), % 56 52 54 Return on equity, % 24 23 29 Return on capital employed, % 16 15 19 Financial net debt (
Slide 19: Summary
SUMMARY ▪ A very good start of the new year − All business areas enjoyed good development over the quarter – even when taking generally favourable comparisons into account ▪ High demand partly strengthened by the global component shortage and extended lead times − The market situation was very stron