Lindab International Ab · OMXSTO:LIAB
Lindab International Ab — SEB Nordic Seminar 2025
14 slides from Lindab International Ab's conference presentation, Jan 7, 2025
Slide 1: Lindab Group – SEB Nordic Seminar
For a better climate TM Lindab Group SEB Nordic Seminar January 7, 2025 Ola Ringdahl President & CEO
Slide 2: Lindab – a leading ventilation company in Europe
Lindab – a leading ventilation company in Europe Purpose: We create a better climate, for your indoor environment and for the planet. Vision: To be the leading ventilation company in Europe. 13 BSEK 5,000 in revenue employees 20 countries 2
Slide 3: A strong position in a growing market
A strong position in a growing market • A growing market driven by increased focus on energy savings and improved indoor climate. • Well-established brands, high quality product range and manufacturing excellence. • Decentralised organisation with extensive distribution network, always close to the
Slide 4: Long-term financial targets for profitable growth
Long-term financial targets for profitable growth Growth rate (continued business from 2021) % 30 25 24.3 20 19.6 The annual growth rate should exceed 10 percent, 15 >10% as a combination of organic and acquired growth. 10 5 -5.2 1.4 1.2 0 -5 -10 2020 2021 2022 2023 R12 Q3 2024 Adj. EBIT % (continue
Slide 5: Market decline puts pressure on operating margins
Market decline puts pressure on operating margins Adj. EBIT per quarter and 12 months Ventilation Systems SEK m Lindab Group SEK m % % Adj. EBIT, SEK m Adj. EBIT R12 months, % SEK m Profile Systems % Adj. EBIT, SEK m Q3, 2024 R12M, Sep 2024 Lindab Group 304 9.1% 1128 8.5% Ventilation Systems 240 9.5
Slide 6: Solid cash flow from operating activities
Solid cash flow from operating activities Quarterly cash flow from operating activities 6
Slide 7: Building a stronger Lindab
Building a stronger Lindab 7
Slide 8: Accelerating profitable growth
Accelerating profitable growth With investments in place, the focus is on profitable growth, both organic and through acquisitions. 2019-2023 Ambition 2027 REVENUE SEK B 9-13 20 ~10% >10% EBIT MARGIN % ~90% VENTILATION % ~70% 8
Slide 9: Acquisitions of high-quality companies
Acquisitions of high-quality companies • 6 acquisitions during 2024, the latest was Acomat (FR) in December. • 28 acquisitions in total since 2020, adding SEK 4 billion in revenue. • Decentralized management philosophy, keep the entrepreneurs! • Utilize the benefits of belonging to a larger group. F
Slide 10: Leaner and stronger as we enter 2025 – Ventilation
Leaner and stronger as we enter 2025 – Ventilation Restructuring measures announced in Q4 to ensure that Lindab can meet its profitability target 2025: • Structural measures within Ventilation Systems Closure of 10 sites for warehousing, stores and local production. • Cost reductions with focus on V
Slide 11: Leaner and stronger as we enter 2025 – Profile
Leaner and stronger as we enter 2025 – Profile Restructuring measures announced in Q4 to ensure that Lindab can meet its profitability target 2025: • Restructuring of operations in Eastern Europe Profile Systems is exiting Eastern Europe due to poor performance. Profile Systems in the Nordics is a h
Slide 12: Market outlook
Market outlook • The European ventilation market is estimated to have declined by 5% in volume during the first nine months of 2024. • We believe in a gradual market recovery for ventilation during the second half of 2025, from low levels. Early signs of recovery for Profile Systems in the Nordics h
Slide 13: Ready for take-off when the market recovers
Ready for take-off when the market recovers • Focus on the ventilation business, with higher and more stable profitability . • Significant investments made in capacity and automation will give strong profitability development when volumes pick up. • Trimmed cost base, and low-performing units under
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