Lagercrantz Group Ab Class B · OMXSTO:LAGR_B
Lagercrantz Group Ab Class B — FY2014/15 Earnings Presentation
21 slides from Lagercrantz Group Ab Class B's earnings presentation, May 7, 2015
Slide 1: Year-end report 2014/15
Year-end report 2014/15 1 April 2014 – 31 March 2015 (12 months) 7 May 2015 Jörgen Wigh, President and CEO Bengt Lejdström, Chief Financial Officer
Slide 2: Technology group with leading positions in niches
Introduction to Lagercrantz Group Technology group with leading positions in niches Lagercrantz Group Electronics Mechatronics Communications Niche Products 11 profit centers 8 profit centers 12 profit centers 8 profit centers 6 countries 5 countries 4 countries 2 countries Technology group in exp
Slide 3: Divisions
Introduction to Lagercrantz Group Divisions Electronics Mechatronics Communications Niche Products • RFID • Electrical connection • Digital image/technical • Steel and guy wire • LED lighting systems security • Conveyor • M2M • Custom cable harnesses • Design software, access- • Special doors • Medi
Slide 4: Revenue and profit
Year-end Report Revenue and profit Moving 12-month quarterly data Net sales Result after finance items 3 000 300 Result after finance items, MSEK 2 500 250 Net sales, MSEK 2 000 200 Operative improvements Acquisitions 1 500 (product companies) 150 Recovery 1 000 Action program Acquisitions 100 durin
Slide 5: Year-end Report 2014/15
Year-end Report 2014/15 April 2014 – March 2015 Net revenue for the period increased by 12 percent to MSEK 2,846 (2,546). Organic growth of 5 percent, not including currency effects. Continued strong performance in Sweden and Denmark, while Finland continued to be weak. In Norway the market tu
Slide 6: Fourth quarter 2014/15
Year-end Report Fourth quarter 2014/15 January – March 2015 Net revenue increased by 13 percent to MSEK 784 (694). Organic growth of 5 percent, not including currency effects. Operating profit increased by 16 percent to MSEK 78 (67). Operating margin increased to 10.0 percent (9.7). The pr
Slide 7: Outcome by division
Year-end Report Outcome by division NET SALES 2014/15 2013/14 MSEK 12 months Q4 Q3 Q2 Q1 12 months Q4 Q3 Q2 Q1 Apr - Mar Apr - Mar Electronics 803 226 204 189 184 691 186 178 157 170 Mechatronics 784 203 178 195 208 749 186 190 185 188 Communications 870 224 262 189 195 802 229 212 169 192 Niche Pro
Slide 8: Financial overview
Year-end Report Financial overview (MSEK) 2009/10 2010/11 2011/12 2012/13 2013/14 2014/15 Net sales 1,720 2,029 2,265 2,328 2,546 2,846 Growth -20% 18% 12% 3% 9% 12% Operating profit (EBIT) 67 147 184 213 242 276 Operating margin (EBIT%) 3.9% 7.2% 8.1% 9.1% 9.5% 9.7% Result (EBT) 58 137 171 200 230
Slide 9: Important issues going forward
Important issues going forward Continue along the present path. Growth issues increasingly important. Focus on continued value added. Acquisitions – of leading companies in expansive niches. 9
Slide 10: Vision and goals for Lagercrantz
Vision and goals for Lagercrantz Leading supplier of value- adding technology with market-leading positions in several expansive niches Annual growth of not less than 15% in profit after finance items Return on equity of not less than 25% 10
Slide 11: Focus on value added
Focus on value added Focus on adding value Gross margin, % and gross margins. 31.6 32.1 Goal formulation 28.0 29.0 30.5 Training 24.5 25.3 26.3 26.5 Customer specific 20.8 21.2 Service Support Phase-out of products with low margins. Higher proportion of proprietary products. 04/05 05
Slide 12: Broadening operations
Broadening operations Distribution of consolidated sales, percent 3 4 4 5 4 4 4 3 3 9 9 6 5 7 6 6 8 8 Value-adding trade 12 15 14 12 13 13 13 13 13 Proprietary products 13 15 Niche production 18 20 24 26 29 33 38 Systems integration Service and other 62 59 57 54 54 50 47 44 41 2006/07 2007/08 2008/0
Slide 13: Acquisitions
Acquisitions Continued focus on acquiring 28 acquisitions since 2006, of which: leading companies in the expansive niche. 2010 Norwesco AB (Mechatronics) SwedWire AB (Niche Products) Long-term acquisition process Leteng AS (Communications) from gross list to integration. Vanpée & Westerberg A/S
Slide 14: Excidor AB
Excidor AB Excidor has a strong market position in control systems for mobile operator environments. The company’s solutions are primarily found in forestry machinery, excavators and wheel loaders and The company generates combined annual sales of MSEK 30 with good profitability. Part of Lag
Slide 15: Svenska Industriborstar i Västerås AB (SIB)
Svenska Industriborstar i Västerås AB (SIB) SIB develops, sells and manufactures specially-designed steel and plastic brushes for snow clearance of airport runways and for industrial applications in manufacturing industry. SIB’s cassette brush system is market-leading in North European airports
Slide 16: Dooman Teknik AB
Dooman Teknik AB Dooman offers products in the field of home adaptations for disabled people with garage modules for disability vehicles as a main product. The customers mainly consist of Swedish municipalities. Dooman generates annual sales of approximately MSEK 25 with good profitability.
Slide 17: Cue Dee AB
Cue Dee AB Cue Dee develops and sells, primarily, supports & brackets with high strength and flexibility. The support brackets are used for mounting e.g. mobile devices in masts, on roofs or in other exposed areas. Customers are global, mainly within the Telecom sector, and consists of network
Slide 18: Lagercrantz today
Lagercrantz today Stable platform built on a well-functioning business concept and a number of strong market positions in interesting niches. Growing proportion of proprietary products allows for higher margins and gives more legs to stand on. Decentralisation makes for committed employees. St
Slide 19: Board & Management
Appendix Board & Management Board of Directors Senior Management Jörgen Wigh Bengt Lejdström Magnus Söderlind Anders Börjesson Pirkko Alitalo Lennart Sjölund President & CEO CFO Executive VP Chairman of the Board Roger Bergqvist Tom Hedelius Marika Rindborg Ulf Gladh Sten Alfredsson Kjell Eriksson V
Slide 20: The share & shareholders
Appendix The share & shareholders • B-share listed on Nasdaq Shareholders 2015-03-31 Shares Votes Stockholm, Mid Cap Anders Börjesson with family 4.0% 16.4% • Ticker: LAGR B Tom Hedelius 2.1% 14.8% • Liquidity (12 months ): 1.18 Lannebo Funds 13.2% 9.2% MSEK /day Didner & Gerge Funds 9.8% 6.8% SEB I
Slide 21: Thank you!
Lagercrantz Group {hank you!