Lindab International Ab · OMXSTO:LIAB
Lindab International Ab — Q1 2017 Earnings Presentation
22 slides from Lindab International Ab's earnings presentation, 2017
Slide 1: Lindab Group Q1 2017
lindab | we simplify construction Lindab Group Anders Berg, President and CEO Kristian Ackeby, CFO Q1 2017 We simplify construction
Slide 2: Agenda
lindab | we simplify construction Agenda • Summary and overview • Financials • Highlights • Outlook • Summary and Q&A 2
Slide 3: Summary and overview
lindab | we simplify construction Summary and overview 3
Slide 4: Two segments with different stories
lindab | we simplify construction Two segments with different stories Key financial highlights Q1 2017 • Net sales increased to SEK 1,858 m (1,752), organic growth of 4%. • Operating profit amounted to SEK 79 m (70), excluding one-off items of SEK -1 m (-2). • Operating margin amounted to 4.3% (4.0)
Slide 5: Growth driven by Nordic and Western Europe
lindab | we simplify construction Growth driven by Nordic and Western Europe ”Products & Solutions show continued strong development with growth in all geographic regions. Growth 48% Anders Berg, 11% President and CEO 15% Growth Nordic 0% 34% Growth 4% CEE/CIS Western Europe 3% Growth -45% 5 Other M
Slide 6: Strong growth in larger product areas
lindab | we simplify construction Strong growth in larger product areas Segment/Product areas Growth Comments Products & Solutions Continued positive trend with good growth in all regions. Particularly strong sales Ventilation Products trend in two largest markets, Sweden and Denmark. Strong growth
Slide 7: Financials
lindab | we simplify construction Financials 7
Slide 8: Good quarter despite challenges
lindab | we simplify construction Good quarter despite challenges Lindab Group financial highlights Q1 2017 SEK m Q1´17 Q1´16 Chg % • Net sales increased organically with 4% Net Sales 1,858 1,752 6 to SEK 1,858 m (1,752). Organic, % 4 • Continued good development in Structure1, % 0 Products & Soluti
Slide 9: 14th consecutive quarter with organic growth
lindab | we simplify construction 14th consecutive quarter with organic growth Products & Solutions financial highlights Q1 2017 SEK m Q1´17 Q1´11 Chg % • Net sales increased to SEK 1,695 m Net Sales 1,695 1,529 11 (1,529) with organic growth of 10%. Organic, % 10 Structure1, % 0 • All geographic re
Slide 10: A weak quarter with lower sales and earnings
lindab | we simplify construction A weak quarter with lower sales and earnings Building Systems financial highlights Q1 2017 SEK m Q1´17 Q1´16 Chg % • Net sales declined 33% organically to Net Sales 163 223 -27 SEK 163 m (223), partly due to larger Organic, % -33 Structure1, % 0 key account shipment
Slide 11: Improved cash flow
lindab | we simplify construction Improved cash flow Lindab Group cash flow Q1 2017 SEK m Q1´17 Q1´16 • Higher cash flow mainly generated Cash flow from from operating activities. - operating activities1 120 91 - change in working capital -123 -132 • Improvements in working capital due to - investin
Slide 12: Highlights
lindab | we simplify construction Highlights 12
Slide 13: Next step in execution of our strategy
lindab | we simplify construction Highlights Next step in execution of our strategy • As next step in the execution of our strategy we now create the new function “Energy and Climate Solutions”, which is accountable for the product and solution development, sales and marketing as well as driving the
Slide 14: Highlights: ISH trade fair
lindab | we simplify construction Performance monitored in realtime for the complete Highlights ventilation solution ISH trade fair, Frankfurt, Germany • Participated in the world’s Visitors leading trade fair within monitored in realtime building, energy, air- conditioning technology, and renewable
Slide 15: Examples of prestigious orders
lindab | we simplify construction Highlights Examples of prestigious orders • Product & Solutions Finland, received an order to supply ventilation ducts, fittings and fire dampers to the Former YLEs radio and television HQ that’s being renovated to modern office standards. The total order value is a
Slide 16: Building Systems challenges in the quarter
lindab | we simplify construction Building Systems Challenges in the quarter • The weak result in Q1 2017 explained by low sales volume combined with higher steel prices that result in a low gross margin. • Building Systems is still challenged from not been able to successfully compensate for the si
Slide 17: Some highlights from the quarter
lindab | we simplify construction Some highlights from the quarter Product & Solutions Receives a SEK 8 m Lindab Connect order in Finland Our cloud service offering Competensum Award Lindab has been awarded the Swedish Competensum Award for 2017 due to our conscious work with competencies and employ
Slide 18: Outlook
lindab | we simplify construction Outlook 18
Slide 19: Market development
lindab | we simplify construction Market development Continued improving end market in uncertain geopolitical landscape • Macroeconomic development in Europe Construction Output & Sentiment in EU Source: Eurostat and European Comission with improving industrial order books, higher industrial capacit
Slide 20: Summary and Q&A
lindab | we simplify construction Summary and Q&A 20
Slide 21: Good quarter with different stories in segments
lindab | we simplify construction Good quarter with different stories in segments Key financial highlights Q1 2017 • Net sales increased to SEK 1,858 m (1,752), organic growth of 4%. • Operating profit amounted to SEK 79 m (70), excluding one-off items of SEK -1 m (-2). • Operating margin amounted t
Slide 22: Thank you Q&A
lindab | we simplify construction Thank you “Lindab’s innovative solutions create ultimate comfort in the buildings of the future.” Q&A