Slide 1: Q1 report Jan-Mar 2024
Q1 report Jan-Mar 2024 JONAS GUSTAVSSON, PRESIDENT & CEO BO SANDSTRÖM, CFO APRIL 23, 2024
Slide 2: Summary Q1
Summary Q1 SEQUENTIALLY LOWER GROWTH, INCREASED ORDER STOCK 6,891 — Total growth of -0.4% and 0.5% adj. organic Net sales, SEK million — Strong energy sector, continued weak pulp & paper CAPEX projects and real estate — Increased order stock amounting to SEK 20 billion -0.4 Total growth, % STABLE RE
Slide 3: Market update
Market update INDUSTRIAL SECTOR — Mixed market with strong demand in several segments — Weak demand for CAPEX-projects mainly in pulp & paper — Postponements and cancellations in some segments, e.g. telecom and IT ENERGY SECTOR — Strong demand driven by energy transition INFRASTRUCTURE SECTOR — Cont
Slide 4: Divisional overview
Divisional overview Strengthen position and profitability in infrastructure Scale globally in Grow Nordic decarbonisation, industrial and digital energy and portfolio, expand biobased materials internationally in niches Process Energy Management Infrastructure Industrial Industries Consulting & Digi
Slide 5: EPCM project for the world's largest cavern thermal energy storage
EPCM project for the Assignment to increase Study for FAM to world's largest cavern the capacity in estimate the climate thermal energy the transmission benefits of the EU storage in Finland grid for Svenska forest industry Kraftnät INTERNAL
Slide 6: Financial overview
Financial overview NET SALES; QUARTERLY AND R12; SEK MILLION EBITA; QUARTERLY AND R12; SEK MILLION; EXCL. IAC 26 954 2 103 24 798 1 933 1 752 689 20 775 6 916 6 891 590 5 670 472 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24
Slide 7: Net Sales
Net Sales NET SALES; SEK MILLION COMMENTS — Price development in quarter in line with development in 2023, compensating for lower volumes +0.5% -0.4% — Negative volumes given FTE reductions since mid 2023 6,949 6,916 — Calendar effect of -11 hours, 33 6,891 corresponding to SEK -149 million on -149
Slide 8: Growth development
INFRASTRUCTURE 8.0 3.2 Growth development Q4 2023 Q1 2024 INDUSTRIAL & DIGITAL SOLUTIONS 0.4 -0.5 ADJUSTED ORGANIC GROWTH; YoY; % Q4 2023 Q1 2024 15.9 PROCESS INDUSTRIES 7.6 10.8 -3.9 8.9 Q4 2023 Q1 2024 5.9 ENERGY 9.4 0.5 1.3 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q4 2023 Q1 2024 MANAGEMENT COMMEN
Slide 9: Order stock
INFRASTRUCTURE 8.1 8.7 Order stock Q1 2023 Q1 2024 INDUSTRIAL & DIGITAL ORDER STOCK; SEK BILLION SOLUTIONS 2.7 2.8 Q1 2023 Q1 2024 +2.4% 19.9 20.6 20.4 20.4 19.4 19.3 PROCESS INDUSTRIES 3.8 3.1 Q1 2023 Q1 2024 ENERGY 4.9 5.3 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q1 2023 Q1 2024 MANAGEMENT
Slide 10: EBITA development
EBITA MARGIN; % INFRASTRUCTURE 9.9 8.1 EBITA development Q1 2023 Q1 2024 INDUSTRIAL & DIGITAL SOLUTIONS 10.1 9.2 EBITA; SEK MILLION; EXCL. IAC Q1 2023 Q1 2024 +18 689 590 PROCESS -117 572 INDUSTRIES 14.2 10.4 Q1 2023 Q1 2024 ENERGY Q1 2023 Calendar effect Cal. Adj. Q1 2023 Q1 2024 10.5 9.6 EBITA mar
Slide 11: Cash flow and financial position
Cash flow and financial position OPERATIVE CASH FLOW; SEK MILLION AVAILABLE LIQUIDITY; SEK BILLION +0.4 +54 958 4.6 4.1 4.2 4.1 4.2 3.8 504 401 278 54 108 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 FINANCIAL NET DEBT; EXCL. IFRS16; SEK BILLION NET
Slide 12: Focus on continuous improvement
Focus on continuous improvement 1 2 3 Improve profitability with Continue to build on our Enhance efficiency and continued focus on strong position in the flexibility in a mixed Infrastructure improvement industry and energy market programme sectors INTERNAL
Slide 13: Making Future
Making Future