Proact It Group Ab · OMXSTO:PACT
Proact It Group Ab — Q3 2014 Earnings Presentation
19 slides from Proact It Group Ab's earnings presentation, 2014
Slide 1: Q3 2014
Q3 2014 Martin Ödman CEO
Slide 2: The third quarter in brief
The third quarter in brief The total income in the quarter increased by 2 % compared with the same period last year » Revenue fell by 3 % when adjusted for currency effects Improved profitability (PBT) by 30 % 17,1 MSEK (13,2 MSEK) System sales revenues remained unchanged 261 (264) MSEK » A de
Slide 3: The third quarter in brief cont'd
The third quarter in brief cont’d Cloud services revenues increased by 42 % compared with the same period last year The key ratios have during the last 12 months developed in the right direction » Equity ratio has increased to 22 % (19 %) » Return on equity has increased to 20 % (12 %) » Net deb
Slide 4: The third quarter in brief cont'd: Germany
The third quarter in brief cont’d Germany Our aim is to grow on existing markets and grow geographically An operation was started in Germany 1st of October The launch will initially take place as a “greenfield”, with extensive skilled staff in sales and technology being taken on in Düsseldorf
Slide 5: Market trends
Market trends More companies and authorities want to ensure that their IT infrastructure meet the requirements defined by their business operations in the most effective way possible New technical fields such as integrated systems* continuing their positive development in the market, *growing ab
Slide 6: Events during the quarter
Events during the quarter Addresseavisen chooses Proact as a partner for its new storage infrastructure » More and more readers are using digital news services, which places high demands on uptime and performance. Moreover, news services have to be supplied 24 hours a day, 365 days a year. » To meet
Slide 7: Events during the quarter cont'd
Events during the quarter cont’d Proact to supply new storage infrastructure to Catena » Catena needed to consolidate its storage infrastructure, which was time- consuming and resource-intensive. Thanks to good geographical coverage, in-depth technical expertise and local support, Proact has been co
Slide 8: Financial Report January – September 2014
FINANCIAL REPORT January – September 2014
Slide 9: Net margin Proact IT Group rolling 12 months
Net margin Proact IT Group rolling 12 3.8% 3.6% 3.4% 3.2% 3.0% Net margin 2.8% Linjär (Net margin) 2.6% 2.4% 2.2% 2.0% 1212 1301 1302 1303 1304 1305 1306 1307 1308 1309 1310 1311 1312 1401 1402 1403 1404 1405 1406 1407 1408 1409
Slide 10: Income statement January – September 2014
Income statement January – September 2014 (MSEK) Jan-Sep Jan-Sep 2014 2013 System Sales 1 016.3 1 006.5 Revenue Growth Services 598.7 557.0 Other 4.6 4.2 Total revenue 3% Currency adjusted 0% Revenue 1 619.6 1 567.7 System sales 1% Products and services -1 212.6 -1 185.8 Currency adjusted -2% Gross
Slide 11: Income statement July-September 2014
Income statement July-September 2014 (MSEK) Jul-Sep Jul-Sep 2014 2013 System Sales 260.8 263.8 Revenue Growth Services 192.0 179.3 Other 1.8 1.6 Total revenue 2% Currency adjusted -3% Revenue 454.7 444.7 System sales -1% Products and services -337.1 -332.6 Currency adjusted -6% Gross profit 117.6 11
Slide 12: Income statement rolling 12 months
Income statement rolling 12 months (MSEK) Oct-Sep Oct-Sep 2013/2014 2012/2013 System Sales 1 555.2 1 504.8 Revenue Growth Services 795.9 770.5 Other 5.6 4.2 Total revenue 3% Revenue 2 356.7 2 279.5 System sales 3% Services 3% Products and services -1 779.0 -1 728.8 Gross profit 577.8 550.7 Sales and
Slide 13: Revenue per industry
Revenue per industry 12 months Oct-Sep 2013/2014
Slide 14: Cash flow January – September 2014
Cash flow January – September 2014 Liquid Funds December 31, 2013 44 Cash-flow from current operations 113 Current operations 91 Change in working capital 22 Cash-flow from investment activities -66 Fixed assets -56 Acquisitions -10 Cash-flow from financial activities -24 Bank overdraft facilities 1
Slide 15: Cash flow July – September 2014
Cash flow July – September 2014 Liquid Funds June 30, 2014 75 Cash-flow from current operations 11 Current operations 35 Change in working capital -24 Cash-flow from investment activities -25 Fixed assets -22 Acquisitions -3 Cash-flow from financial activities 10 Bank overdraft facilities 20 Contrac
Slide 16: Key ratios – Balance sheet
Key ratios – Balance sheet (MSEK) 2014 2014 2014 2013 Sep 30 Jun 30 Mar 31 Dec 31 Total Assets 1 249 1 292 1 337 1 439 whereof Goodwill 275 271 261 258 whereof Intangible fixed assets 122 125 124 127 whereof Accounts receivables 301 345 441 556 Equity 272 260 256 243 Solidity 22 % 20 % 19 % 17 % Cas
Slide 17: Revenue and profit before tax per Business Unit
Revenue and profit before tax per Business Unit January – September January – September 2014 2013 (MSEK) Revenue P.b.t Net Revenue P.b.t Net margin margin Nordics 881 41.8 4.7% 842 34.9 4.1% UK 381 2.2 0.6% 391 8.4 2.1% West 280 8.8 3.1% 254 4.4 1.7% East 93 5.4 5.8% 82 2.4 2.9% Proact Finance 69 3.
Slide 18: Revenue and profit before tax per Business Unit
Revenue and profit before tax per Business Unit July – September July – September 2014 2013 (MSEK) Revenue P.b.t Net Revenue P.b.t Net margin margin Nordics 237 12.9 5.4% 223 18.8 8.4% UK 115 1.0 0.9% 128 2.8 2.2% West 85 1.1 1.3% 79 2.3 2.9% East 33 3.8 11.5% 20 0.6 3.0% Proact Finance 28 1.5 5.4%
Slide 19: Proact share – Top 10 owners 2014-09-30
Proact share – Top 10 owners 2014-09-30 2014 2014 30 September 30 June LivförsäkringsAB Skandia 15.2 % 15.2 % Svolder Aktiebolag 7.6 % 7.2 % Lannebo Micro Cap. 7.5 % 7.5 % IGC Industrial Growth Company AB 5.9 % 5.9 % Swedbank Robur Småbolagsfond Sverige 5.4 % 5.4 % Lannebo Micro Cap. II 4.6 % 4.6 %