Slide 1: Q1/2023 Interim Report: A Strong Start to 2023
REVENIO GROUP CORPORATION Q1/2023 INTERIM REPORT: A STRONG START TO 2023 JOUNI TOIJALA, CEO ROBIN PULKKINEN, CFO May 16, 2023
Slide 2: Disclaimer
Disclaimer This presentation does not constitute an invitation to underwrite, subscribe for, or otherwise acquire or dispose of any Revenio's shares. Revenio’s past performance is no guide to future performance, and persons needing advice should consult an independent financial adviser. This present
Slide 3: We aspire to keep the wonderful world visible for all
We aspire to keep the wonderful world visible for all Jouni Toijala Robin Pulkkinen CEO CFO
Slide 4: Agenda
Agenda 1. Highlights of the quarter 2. Financials and shareholders 3. Financial guidance
Slide 5: Highlights of the quarter
Highlights of the quarter A strong start to 2023 • Our sales team achieved excellent performance in all of our key markets. We saw very strong growth in sales, particularly in North America, United Kingdom, Germany, Finland, Italy and Australia. • The demand for our intraocular pressure measurement
Slide 6: January – March 2023 highlights
January – March 2023 highlights A strong start to 2023 • Net sales totaled EUR 23.2 (20.2) million, an increase of 14.9% • The currency-adjusted growth of net sales in January– NET SALES 23.2 MEUR March was 15.2% • Operating profit was EUR 6.2 (5.6) million, or 26.6% of + 14.9% net sales, up by 10.9
Slide 7: Financials
FINANCIALS ROBIN PULKKINEN, CFO
Slide 8: Development of Revenio's key figures
Development of Revenio’s key figures MEUR 1-3/2023 1-3/2022 Change-% Net sales 23.2 20.2 14.9 Gross margin 16.4 14.7 11.5 • Cash flow from operations was affected by the payout of taxes and annual short Gross margin, % 70.5 72.6 -2.1 and long-term incentives EBITDA 7.1 6.4 10.6 EBITDA -% 30.5 31.7 -
Slide 9: A strong start to 2023
A strong start to 2023 Net sales (EUR million) Adjusted operating profit EUR million and % (EBIT) 30 28.3 1.2 10 9.3 45 35.2 38.8 32.6 9 30.7 7.7 40 23.8 24.4 24.1 7.7 25 23.2 1 8 31.7 31.3 7.1 29.2 33.1 35 19.7 25.2 7.6 18.9 19.4 20.2 7 23.7 5.9 6.2 30 20 0.8 5.6 27.5 16.8 6 5.6 26.6 25 15.8 5.2 15
Slide 10: Strong balance sheet and cash flow to secure financial flexibility
Strong balance sheet and cash flow to secure financial flexibility Cash flow from operations (EUR million) Equity ratio and net gearing (%) 70 67.4 66.2 67.4 66.8 25.0 14 65 64.0 63.0 64.0 61.1 60.9 60.3 61.9 20.7 20.0 11.7 59.5 12 11.0 60 57.6 14.8 15.0 10 55 11.2 10.0 50 8 7.1 6.1 6.7 6.5 7.0 6.5
Slide 11: Shareholders on March 31, 2023
Shareholders on March 31, 2023* No. of shares % Verified Owner distribution by country: 1. William Demant Invest A/S 4,292,299 16.09% 2023-03-31 Finland 45.93% 2. SEB Funds 1,180,783 4.43% 2023-03-09 United States 16.39% 3. Columbia Threadneedle 1,072,769 4.02% 2022-12-31 Denmark 16.38% 4. Vanguard
Slide 12: Financial guidance
Financial guidance Net sales Financial guidance for 2023 Net sales (EUR million) Operating profit, EBIT (EUR million) (published on February 9, 2023) 97.0 78.8 61.1 Revenio Group's exchange rate adjusted net sales are 49.5 estimated to grow strongly from the previous year and 30.7 profitability, exc
Slide 13: Q&A
Q&A REVENIO
Slide 14: We aspire to keep the wonderful world visible for all
“We aspire to keep the Financial guidance for 2021 – updated on August 4 , 2021 th wonderful world visible for all” Revenio Group’s exchange rate adjusted net sales are estimated to grow very strongly from the previous year and profitability is to remain at a good level without non-recurring items.