Beijer Alma Ab Class B · OMXSTO:BEIA_B
Beijer Alma Ab Class B — Q3 2024 Earnings Presentation
18 slides from Beijer Alma Ab Class B's earnings presentation, Oct 25, 2024
Slide 1: Q3 – 2024
Q3 – 2024 October 25, 2024
Slide 2: Beijer Alma in brief
Beijer Alma in brief Beijer Alma AB is an international, listed industrial group. Its business concept is to acquire, own and develop companies with strong growth potential The company’s subsidiaries – Lesjöfors and Beijer Tech – specialize in component manufacturing and industrial trading Henrik Pe
Slide 3: Slide 3
Slide 4: CEO comments
CEO comments Organic growth despite economic slowdown in Europe • Industrial economy continued to slowdown after summer • Nordics, Asia and UK relatively strong. Germany and Central Europe weaker • Lesjöfors • Mixed demand, unchanged organic order bookings • Chassis springs slowed down in the quarte
Slide 5: Continued growth in Q3 2024
Continued growth in Q3 2024 2000 15% 13% 0,4% • Order bookings decreased by -1% to MSEK 1,650 1500 10% (1,666), increased organically 1% 1000 • Net revenue increased by 0,4% to MSEK 1,683 500 5% (1,676), organically 1% 0 0% • Adjusted operating profit EBIT was MSEK 212 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 (22
Slide 6: Lesjöfors – Q3 2024
Lesjöfors – Q3 2024 • Order bookings decreased by -5% to MSEK 1,145 (1,202), organically 0% 1400 20% 1200 • Net revenue decreased by -3% to MSEK 1,158 (1,197), 15% 1000 increased organically 1% 800 10% 600 • Industry decreased by -2% to MSEK 961 (983) 400 5% 200 • Chassis springs decreased by -8% to
Slide 7: Beijer Tech – Q3 2024
Beijer Tech – Q3 2024 • Order bookings increased by 9% to MSEK 505 (464), organically 1% 700 14% • Net revenue increased by 10% to MSEK 524 (478), 600 12% organically 2% 500 10% • Industrial products decreased by -1% 400 8% to MSEK 191 (194) 300 6% 200 4% • Fluid technology increased by 35% to MSEK
Slide 8: Financials
Financials
Slide 9: Net revenue and order bookings, Q3
Net revenue and order bookings, Q3 Net revenue, MSEK Order bookings, MSEK 24 7 6 1,666 10 1,683 1,676 1,650 -27 -29 Q3 2023 Acquisitions Organic Currency Q3 2024 Q3 2023 Acquisitions Organic Currency Q3 2024 & & Divestments Divestments 9
Slide 10: Net revenue and adjusted operating profit – segments, Q3
Net revenue and adjusted operating profit – segments, Q3 Net revenue, MSEK Adjusted operating profit, EBIT, MSEK 46 0 1,683 225 1,676 2 212 -13 -3 -39 Q3 2023 Lesjöfors Beijer Tech Other Q3 2024 Q3 2023 Lesjöfors Beijer Tech Other Q3 2024 10
Slide 11: Key ratios
Key ratios Q3 2024 Full Year Q3 2024 Q3 2023 Change % LTM 2023 Net revenue, MSEK 1,683 1,676 0.4 7,074 6,882 Adjusted operating profit EBITA, MSEK 230 245 -6.2 954 935 Adjusted operating margin, EBITA % 13.7 14.6 - 13.5 13.6 Adjusted operating profit, EBIT, MSEK 212 225 -6.1 880 863 Adjusted operati
Slide 12: Acquisitions
Y) & O — it Acquis
Slide 13: Acquisitions
Acquisitions July 26th 2024 Lesjöfors signed an agreement to acquire Lacroix. Closing of transaction was 1st October 13
Slide 14: Increased growth from acquisitions
Increased growth from acquisitions 26 acquisitions since 2019 • 16 acquisitions in Beijer Tech • 10 in Lesjöfors MSEK 1.3 5 3 5 5 4 4 800 720 620 600 520 14 400 320 325 230 200 105 0 Average 2019 2020 2021 2022 2023 2024 YTD 00-18 Acquired revenues # companies acquired
Slide 15: Concluding remarks
Concluding remarks 15
Slide 16: Conclusions Q3 2024
Conclusions Q3 2024 • Organic growth despite economic slowdown in Europe • For Lesjöfors, mixed demand • Growth in Nordics, Asia, UK and US industrial • Lower volumes in Germany and Central Europe • Chassis springs slowed down into the low season • For Beijer Tech, growth in fluid technology • One n
Slide 17: Q&A
Q&A
Slide 18: Thank you
Thank you