Merko Ehitus AS · OMXTSE:MRK1T
Merko Ehitus AS — AS Merko Ehitus — Shareholder Meeting (June 2013)
14 slides from Merko Ehitus AS's shareholder meeting presentation, Jun 5, 2013
Slide 1: AS Merko Ehitus Annual General Meeting of Shareholders
AS Merko Ehitus Annual General Meeting of Shareholders 5 June 2013
Slide 2: Agenda of the AGM
Agenda of the AGM 1. Approval of the 2012 annual report and overview of the financial results and the prospectives 2. Proposal on distribution of profits 3. Recall of Supervisory Board member 2
Slide 3: Agenda of the AGM
Agenda of the AGM 1. Approval of the 2012 annual report and overview of the financial results and the prospectives 2. Proposal on distribution of profits 3. Recall of Supervisory Board member 3
Slide 4: Merko Ehitus Group
Merko Ehitus Group AS Merko Ehitus operates as a holding company. Group companies in Estonia, Latvia and Lithuania offer complete solutions in the field of construction and real estate development. The main activity of the holding company is development and implementation of the strategies of Merko
Slide 5: Stabilisation of the Baltic States' economic environment in 2012
Stabilisation of the Baltic States’ economic environment in 2012 Stabilisation of economic environment in Baltic States 2013 expected GDP growth: 3-4% in all Baltic countries. 2012 construction volumes increased: however still substantially lower than booming years (2007 and 2008). Largest c
Slide 6: 2012 revenue increased 13.7%
2012 revenue increased 13.7% Revenue growth: group revenue increased mainly on account of growth in engineering projects in Estonia and revenue of apartment development in all three Baltic States. Secured order book is stable: as at 31 December 2012 totalled EUR 190 million (31 December 2011: EU
Slide 7: Profitability improved
Profitability improved 2012 with the largest net profit in the last four years (EUR 7.6 million). The year of recovery after the crisis – new and more profitable projects, losses from problematic projects recognised already in the previous period. The improvement in profitability that began in
Slide 8: Stable cash position
Stable cash position Total assets, equity ratio and debt ratio Strong cash position EUR 35.3 million EUR million and % (2011: EUR 18.5 million). 250 247 There is pressure on the effective 225 225 management liquidity, mainly due to the 220 high share of public procurements. 196 Net debt EUR 0.
Slide 9: Secured order book is stable
Secured order book is stable Secured order book EUR 190 million (2011: EUR 166 million). The share of public procurements is still predominant. The private customers’ segment became more active at the end of the year. Decrease of the volume of public procurements in 2013 due to the end of th
Slide 10: Construction and real estate market outlook for 2013
Construction and real estate market outlook for 2013 Construction Decrease in the volume of large public procurements due to the end of the EU budgetary financing period in all three Baltic states. Potential pick-up in private orders in retail, logistics and other commercial space segments. Ma
Slide 11: Financial objectives until 2018
Financial objectives until 2018 Considering the weak growth perspective of the Baltic construction and real estate market in the coming few years, the overall low interest environment and the company’s high equity base, the strategy and the financial objectives are focused on improving the return on
Slide 12: Agenda of the AGM
Agenda of the AGM 1. Approval of the annual report of the year 2012 and overview of the economic results and the prospective of the on-going year 2. Proposal on distribution of profits 3. Recall of Supervisory Board member 12
Slide 13: Agenda of the AGM
Agenda of the AGM 1. Approval of the annual report of the year 2012 and overview of the economic results and the prospective of the on-going year 2. Proposal on distribution of profits 3. Recall of Supervisory Board member 13
Slide 14: Thank you!
merko Thank you!