Slide 1: CDON Group First Quarter 2014
CDON GROUP FIRST QUARTER 2014 PAUL FISCHBEIN, PRESIDENT AND CEO NICOLAS ADLERCREUTZ, CFO
Slide 2: Highlights
Highlights • Sales growth of 10% and a positive result in Q1 • Three of four segments showed sales growth • Cash flow improvement of 160 MSEK y-o-y • Continued strong growth within Sports & Health segment • Launch of NLYman.com and Nelly.com on new markets • Pilot test of an in-house payment solutio
Slide 3: Financials
FINANCIALS 3
Slide 4: Summary of Q1
Summary of Q1 Entertainment Fashion* Sport & Health Home & Garden * Q1 14 Q1 13 Q1 14 Q1 13 Q1 14 Q1 13 Q1 14 Q1 13 Q1 14 Q1 13 Net sales (mn) 501.7 512.4 220.7 205.1 230.7 176.8 180.7 143.2 1,133.2 1,032.4 Growth yoy -2% 6% 8% 13% 30% 39% 26% -2% 10% 10% Sales share 44% 49% 20% 20% 20% 17% 16% 14%
Slide 5: Income Statement
Income Statement Excluding divested entities • Net sales, excluding divested operations were 2014 2013 up 10%. (SEK million) Jan-Mar Jan-Mar Net Sales 1,133.2 1,032.4 • Gross margin amounted to 14.9% (14.1%). Gross profit 168.5 145.5 Gross margin (%) 14.9% 14.1% • Operating profit, excluding diveste
Slide 6: Cash Flow
Cash Flow 2014 2013 • Consolidated cash flow from operating (SEK million) Jan-Mar Jan-Mar activities improved to SEK 2.7 (-62.0) Cash flow from operating activities 2.7 -62.0 million. Changes in working capital -170.4 -265.1 • The cash flow impact of changes in Cash flow from operations -167.7 -327.
Slide 7: Financial Position
Financial Position 2014 2013 • Total consolidated assets grew by 3% (SEK million) 31-Mar 31-Mar year-on-year to SEK 1,614.5 (1,561.7) million. Total non-current assets 737.0 680.0 Inventories 571.9 643.9 • Inventory levels dropped by SEK 72 million vs Total receivables 192.5 203.2 last year to SEK 5
Slide 8: Business Segments
BUSINESS SEGMENTS 8
Slide 9: Entertainment: Operating development
Entertainment Operating development • Segment sales dropped by 2% in the first quarter. 600 512 4.0% 502 500 3.0% • The segment accounted for 44% of total Group 400 2.6% 2.0% SEK (million) Margin sales in the quarter. 300 1.0% 200 0.0% • CDON.com continued to experience a decline 100 -1.0% -1.0% in
Slide 10: Fashion: Operating development
Fashion Operating development • Segment sales rose by 8% in the first quarter, excluding the divested operation in 2013. 250 205 221 -1.0% 200 -2.0% • The segment accounted for 20% of total Group 150 -3.0% SEK (million) Margin sales in the quarter. 100 -4.0% • Sales of private label products account
Slide 11: Sports & Health: Operating development
Sports & Health Operating development • Segment sales were up 30% in the first quarter. 300 12.0% • The segment accounted for 20% of total Group 250 10.1% 231 10.0% 9.4% sales in the quarter. 200 8.0% SEK (million) 177 Margin 150 6.0% • Sales of private label products accounted for 44% of total sale
Slide 12: Home & Garden: Operating development
Home & Garden Operating development • Segment sales grew 26% in the first quarter. 200.0 181 2.0% 143 • The segment accounted for 16% of total Group 150.0 1.0% sales. 0.5% SEK (million) Margin 100.0 0.0% • The increase in sales in the segment was fuelled 50.0 -1.0% by sales growth within both Tretti
Slide 13: Forward looking statement
Forward looking statement • Deliver a balanced sales growth and increased market shares, especially in the in the segments Sports & Health and Fashion • Continue to focus on underlying earnings improvement • CDON.com will during 2014 continue to invest in the transformation to become the leading ful
Slide 14: Thank you!
THANK YOU! Next report: 16 July 2014 For further information, please visit cdongroup.com Follow us on Twitter at or contact ir@cdongroup.com, +46 (0) 10 703 20 00 twitter.com/cdongroup