Slide 1: Q3/2023 Interim Report: Net sales fell short of expectations
REVENIO GROUP CORPORATION Q3/2023 INTERIM REPORT: NET SALES FELL SHORT OF EXPECTATIONS IN A CHALLENGING ECONOMIC ENVIRONMENT BUT PROFIT MARGIN REMAINED AT A GOOD LEVEL JOUNI TOIJALA, CEO ROBIN PULKKINEN, CFO October 26, 2023
Slide 2: Disclaimer
Disclaimer This presentation does not constitute an invitation to underwrite, subscribe for, or otherwise acquire or dispose of any Revenio's shares. Revenio’s past performance is no guide to future performance, and persons needing advice should consult an independent financial adviser. This present
Slide 3: We aspire to keep the wonderful world visible for all
We aspire to keep the wonderful world visible for all Jouni Toijala Robin Pulkkinen CEO CFO
Slide 4: Agenda
Agenda 1. Highlights of the quarter 2. Financials and shareholders 3. Financial guidance 4. Q&A
Slide 5: July – September 2023 highlights
July – September 2023 highlights Net sales fell short of expectations in a challenging economic environment but profit margin remained at a good level • Net sales totaled EUR 22.0 (24.1) million, a decline of 8.9% • The currency-adjusted decline of net sales in July– N ET SAL ES 22.0 MEUR September
Slide 6: Highlights of the quarter
Highlights of the quarter • The economic environment remained challenging in the third quarter and in addition, the large microperimetry deal in 2022 made the comparables challenging • The exchange rate-adjusted sales of intraocular pressure measurement devices were flat for the same period, marking
Slide 7: Financials
FINANCIALS ROBIN PULKKINEN, CFO
Slide 8: Development of Revenio's key figures
Development of Revenio’s key figures Change- Change- MEUR 7-9/2023 7-9/2022 1-9/2023 1-9/2022 • Revenio Group has made a minority % % Net sales 22.0 24.1 -8.9 67.4 68.7 -1.9 investment during the review period Gross margin 15.6 17.7 -12.0 47.7 49.7 -4.0 and has a commitment to acquire the Gross marg
Slide 9: Net sales fell short of expectations but profit margin remained at a good level
Net sales fell short of expectations in a challenging economic environment but profit margin remained at a good level Net sales (EUR million) Adjusted operating profit EUR million and % (EBIT) 30 28,3 1,2 10 9,3 45 35,2 38,8 32,6 9 30,7 7,7 40 25 23,8 24,4 24,1 23,2 1 7,7 22,3 22,0 8 31,3 7,1 29,2 3
Slide 10: Strong balance sheet to secure financial flexibility
Strong balance sheet to secure financial flexibility Cash flow from operations (EUR million) Equity ratio and net gearing (%) 80 25,0 14 20,7 71,1 72,2 67,4 67,4 20,0 11,7 70 66,2 66,8 12 11,0 64,0 63,0 64,0 14,859,5 60,9 60,3 61,9 15,0 10 60 57,6 11,2 10,0 8 7,1 6,7 6,5 7,0 6,5 6,2 5,6 50 5,0 5,8 6
Slide 11: Shareholders on September 30, 2023
Shareholders on September 30, 2023* No. of shares % Verified Owner distribution by country: 1. William Demant Invest A/S 4,792,299 17.96% 2023-09-30 Finland 50.70% 2. SEB Funds 1,236,306 4.63% 2023-09-30 Denmark 19.25% 3. Vanguard 852,427 3.19% 2023-09-30 Sweden 10.34% 4. Swedbank Robur Funds 768,56
Slide 12: Financial guidance
Financial guidance Net sales Financial guidance for 2023 Net sales (EUR million) Operating profit, EBIT (EUR million) (published on August 1, 2023) 97,0 Revenio Group’s exchange rate-adjusted net sales 78,8 growth is estimated to be between 1 - 5 percent 61,1 compared to the previous year and profit
Slide 13: Q&A
Q&A REVENIO
Slide 14: We aspire to keep the wonderful world visible for all
“We aspire to keep the Financial guidance for 2021 – updated on August 4 , 2021 th wonderful world visible for all” Revenio Group’s exchange rate adjusted net sales are estimated to grow very strongly from the previous year and profitability is to remain at a good level without non-recurring items.