Slide 1: Q3 report 2018
Q3 report 2018 Jonas Wiström 25 October 2018
Slide 2: Financial performance in the Ratos Group, Q3 2018
Financial performance in the Ratos Group, Q3 2018 ▪ Profit before tax, 88 MSEK (741) − Capital gain Gudrun Sjödén Group, Q3 2018, 36 MSEK − Capital gain Nebula and Serena, Q3 2017, 594 MSEK − Profit/share of profits in portfolio companies 82 MSEK (90) 2
Slide 3: Highlights Q3 in the company portfolio
Highlights Q3 in the company portfolio ▪ Declining profit − Reported EBITA decreased from 180 MSEK to 117 MSEK ▪ Diab and Plantasjen − Total negative EBITA-development of -87 MSEK ▪ Positive sales development, +9% ▪ Operating cashflow, -449 MSEK (-465) ▪ Divestment of Gudrun Sjödén Group − Considera
Slide 4: Weak earnings development in Plantasjen and Diab
Weak earnings development in Plantasjen and Diab ▪ Plantasjen − EBITA -45 MSEK (-10) − Weak sales in July and non-recurring costs − Improved performance in August and September ▪ Diab − EBITA -58 MSEK (-6) − Non-recurring costs of -28 MSEK − New CEO since September 1st − Weak efficiency and producti
Slide 5: Performance in the companies
Performance in the companies Q3 2018, MSEK, adjusted for the size of Ratos’s holdings EBITA, company portfolio 2018 Q3 2017 Q3 Change1) Aibel 46 20 128% airteam 17 15 15% Bisnode 72 60 21% Diab -58 -6 - HENT 37 49 -24% HL Display 21 18 13% Kvdbil 8 8 -3% High Ledil 21 22 -3% leverage in Oase Outdoor
Slide 6: Performance in the companies
Performance in the companies Q3 2018, MSEK, adjusted for the size of Ratos’s holdings SEKm Change1) Sales in the portfolio 4,985 +9% The portfolio’s EBITA 117 -35% Adjusted EBITA in the portfolio2) 173 -13% 1) Comparison with corresponding period last year and for comparable companies. 2) Excluding
Slide 7: Important events in the third quarter
Important events in the third quarter ▪ HENT − Strong order intake, book to bill >1 − Major contract in October ▪ Aibel − Additional orders in the third quarter ▪ Speed Group − Divestment of Speed Production (October) 7
Slide 8: Summary Q3
Summary Q3 ▪ EBITA negatively impacted by Diab and Plantasjen ▪ High leverage in the company portfolio ▪ Gudrun Sjödén Group divested ▪ Continued focus on company portfolio 8
Slide 9: Q&A
Q&A RATaS