Nobia Ab · OMXSTO:NOBI
Nobia Ab — Q4 2010 Earnings Presentation
11 slides from Nobia Ab's earnings presentation, Feb 11, 2011
Slide 1: Magnet Gower Myresjökök
Magnet Gower «myresjOk6k
Slide 2: Interim report Q4
Interim report Q4 11 February 2011 Slide show > 2
Slide 3: Q4: 6 per cent organic growth
Q4: 6 per cent organic growth Positive growth trend, especially in the Nordics Net sales 3,605m (3,782) Margins continue to improve, cost reductions accelerated Gross margin 39.3% (38.7) EBIT 193 m (166) EBIT margin 5.4% (4.4) Restructuring costs totalled 281 m (26) Profit after tax incl
Slide 4: Market development Q4
Market development Q4 Nordic markets stronger UK market slightly weaker CE markets somewhat stronger C i from Coming f a low l level l l 4
Slide 5: UK region in Q4: Price and mix lift margins
UK region in Q4: Price and mix lift margins Organic growth ‐1% Better margins on the back of 2010 2009 improved price and product mix Oct-Dec Oct-Dec Positive one‐off in 2009 of 42 m Net sales affects comparability of EBIT 1,291 1,399 SEK m margin Gross margin 39.2% 37.3% Restructuring costs
Slide 6: Nordic region Q4: Strong performance
Nordic region Q4: Strong performance Organic growth 16% Volume and productivity 2010 2009 improvements driving margin Oct-Dec Oct-Dec Restructuring costs total 34 m, Net sales include, alongside dissolvement of a 1,392 1,302 SEK m former reserve of 9 m, m cost for savings measures of 43 m Gros
Slide 7: Continental Europe region Q4: Back to positive growth
Continental Europe region Q4: Back to positive growth Organic growth 2% Strongest sales development in 2010 2009 Austria and Germany, but Oct-Dec Oct-Dec improvement also in France Net sales Gross margin improved on the SEK m 923 1,082 back of price increases and better product mix Gross margi
Slide 8: Q4: Group profit development
Q4: Group profit development Positive factors Higher volumes More efficient production SEK m 2010 2009 Increased sales prices and Oct-Dec Oct-Dec better product mix Gross margin 39.3% 38.7% Negative N ti factor f t EBIT SEK m 193 166 Uncertainty in the UK EBIT margin 5.4% 4.4% Excluding rest
Slide 9: Full-year 2010: Positive trends
Full‐year 2010: Positive trends Net sales declined to 14,085m (15,418) mainly due to currency effects Organic growth was 0% 2010 2009 SEK m Jan-Dec Jan-Dec Gross margin improved 2.4 pp to 39.1% (36.7) EBIT improved to 517m (346) at a margin Gross margin 39.1% 36.7% of 3.7% (2.2) Restructur
Slide 10: Strengthened financial position
Strengthened financial position Operating cash flow Further reduction of working 2010 2009 SEK m capital achieved Jan-Dec Jan-Dec Change in working 132 473 Net debt capital Reduced by 916 m mainly due Operating cash flow 641 803 to the divestment of Culinoma/Pronorm and positive cash flow, but a
Slide 11: Creating the leading kitchen specialist
Creating the leading kitchen specialist Leading innovation Centralised Clear brand Attractive offerings offerings, sourcing strategy increased topline Efficient Front‐end Front end manufacturing efficiency Larger scale, One Nobia l lower costs t Efficient More administration synergies 10% EBIT The n