Year end report. January-December st of January 2018 Mikael Ericson, President and CEO Erik Forsberg, CFO

Size: px
Start display at page:

Download "Year end report. January-December st of January 2018 Mikael Ericson, President and CEO Erik Forsberg, CFO"

Transcription

1 Year end report January-December st of January 2018 Mikael Ericson, President and CEO Erik Forsberg, CFO

2 Agenda 1. Highlights for the fourth quarter and FY Key messages from Capital Markets Day, December Corporate social reponsibility agenda 4. Fourth quarter review 5. Near-term priorities 6. Q&A 7. Appendix

3 2017- Highlights from a transformational year January-September Approval from the EU authorities to merge with Lindorff, subject to certain remedies Mikael Ericson appointed CEO and new Group Management Team formed Successful refinancing of the merged entity New corporate identity and brand Intrum October-December Remedy units divested at attractive valuation Strong business momentum record high Portfolio Investments and three acquisitions Established market leading position in Italy Presentation of strategy and updated financials targets Strong full year financial development Revenues + 16 YoY and underlying EBIT +13 YoY (proforma adjusted) Solid investment momentum record-high investments for portfolios and acquisitions The board proposes an increased dividend of SEK 9,50 /share for 2017 (2016: SEK 9) 3

4 Key messages from Capital Markets Day Strong business momentum Merger integration progressing at good pace 2020 Strategic Plan based on distinct priorities with defined activities and targets 1. Growing Credit Management Services and Portfolio Investments 2. Digitalization and data analytics 3. Operational excellence 4. Merger benefits Updated financial targets to to drive significant shareholder value creation 1. EPS growth of at least +75, 2020 vs Portfolio ROI of at least 13 per annum 3. Net Debt / Cash EBITDA between 2,5-3,5 times 4. Dividend policy to distribute at least 50 of net earnings 4

5 Leading the way to a sound economy Continued focus on informing and educating around consumer finance European Consumer Payment Report published end of 2017 Focus on youth consumption behavior and credits Used towards opinion makers, politicians, educational organizations as well as clients and customer communication Focus in 2018 to establish educational initiative in all Intrum markets Building a strong sustainability agenda in 2018 Adapting the company to the 10 principles of the UN Global Compact Adaption to new legislation for sustainability reporting Enhanced reporting to UN Global Compact 5

6 Fourth quarter review - Group financials - Regional review - Service line review - Synergy update 6

7 Group financials- Summary Pro forma SEK M, unless otherwise indicated Q Q Change Pro forma FY 2017 Pro forma FY 2016 Change Revenues Cash EBITDA excl NRIs EBITDA excl NRIs EBIT excl NRIs Net profit for the period Earnings per share (Financial target: +75, 2020 vs 2016) 3,37 5,90 14,62 20,15 CMS Revenue Growth, 0 n/a 16 n/a CMS Service Line Margins excl NRI's, n/a n/a Portfolio Investments Book Value Growth Portfolio Investments ROI excl NRI s, (Financial target: At least 13 on LTM basis) n/a n/a Cash flow from operations Net debt to Cash EBITDA excl NRI's (Financial target: x) 4,1 n/a 4,1 n/a 7

8 Balance sheet highlights SEK M 31 Dec 2017 Pro Forma 31 Dec 2016 Dev Intangible fixed assets whereof goodwill Tangible fixed assets Financial fixed assets whereof portfolio investments Current assets Non-current assets of disposal group held for sale Total assets Shareholders' equity Long-term liabilities Current liabilities Non-current liabilities of disposal group held for sale Total shareholders equity and liabilities Net Debt

9 Cash flow statement SEK M Q Q Dev FY 2017 FY 2016 Dev Operating earnings (EBIT) Amortization/depreciation and impairment Amortization and revaluation of portfolio investments Income tax paid Changes in factoring receivables Other changes in working capital Financial net & other non-cash items Cash flow from operating activities (CFFO) Purchases of tangible and intangible fixed assets (CAPEX) Portfolio investments Purchases of shares in subsidiaries and associated companies Liquid assets in acquired subsidiaries Sales of shares in subsidiaries and associated companies Liquid assets in sold subsidiaries and associated companies Other cash flow form investing activities Cash flow from investing activities (CFFI) Cash flow from investing activities (CFFI) excl liquid assets in acquired and sold subsidiaries Free cash flow (CFFO - CFFI) Free cash flow (CFFO - CFFI) excl liquid assets in acquired and sold subsidiaries

10 Northern Europe Excl Portfolio Revaluations and NRIs, SEK M Q Pro forma Q Change FX Adjust Pro Forma FY 2017 Pro Forma FY 2016 Change FX Adjust Revenues EBIT EBIT Margin, Portfolio Investments Book Value (excluding discontinued operations) Q4 Highlights Fx adjusted revenues approximately unchanged compared to last year. Fx adjusted EBIT growth of -10, mainly from lower profitability with CMS. Action plans to improve CMS margins and cost efficiency in place. Following a second half of 2017 where the region has had to spend significant efforts to handle the separation of the units to be divested per the EU decision, additional resources and focus can now be redirected to drive earnings growth going forward. Market leader Top five Other New regional division is applied from Q Northern Europe (NOE): Denmark, Estonia, Finland, Latvia, Lithuania, Norway and Sweden 10

11 Western & Southern Europe Excl Portfolio Revaluations and NRIs, SEK M Q Pro forma Q Change FX Adjust Pro Forma FY 2017 Pro Forma FY 2016 Change FX Adjust Revenues EBIT EBIT Margin, Portfolio Investments Book Value (excluding discontinued operations) Q4 Highlights Strong revenue and earnings growth mainly from increased portfolio investments and good collection performance. Intrum established as one of the market leaders in the important Italian market through acquisition of CAF, the third largest service company in Italy, and a large diversified bank portfolio serviced by CAF (enterprise value of EUR 200 million). Additional acquisition of smaller service company specialized in legal collections further adds to Intrum s strengths in Italy (enterprise value EUR 4 million). Market leader Top five Other New regional division is applied from Q Western & Southern Europe (WSE): Belgium, France, Ireland, Italy, Netherlands, Portugal and United Kingdom 11

12 Central & Eastern Europe Excl Portfolio Revaluations and NRIs, SEK M Q Pro forma Q Change FX Adjust Pro Forma FY 2017 Pro Forma FY 2016 Change FX Adjust Revenues EBIT EBIT Margin, Portfolio Investments Book Value (excluding discontinued operations) Q4 Highlights Fx adjusted revenue growth of -1. Adjusted for the Q4-16 divestment of a portfolio, underlying fxadjusted revenue growth was about 8. Fx adjusted EBIT growth of +1. Adjusted for a Q4-17 impairment of software of about 15 MSEK, underlying EBIT growth was 7, mainly due to increased portfolio investments. On-boarding of Greek portfolio completed during the quarter. Local portfolio management and servicing capacity build-up initiated. Acquisition of smaller service company in Germany (enterprise value of EUR 2,4 million) with complementary skills to current operations. Market leader Top five Other New regional division is applied from Q Central & Eastern Europe (CEE): Austria, Czech Republic, Germany, Hungary, Poland, Romania,Slovakia and Switzerland 12

13 Spain Excl Portfolio Revaluations and NRIs, SEK M Q Pro forma Q Change FX Adjust Pro Forma FY 2017 Pro Forma FY 2016 Change FX Adjust Revenues EBIT EBIT Margin, Portfolio Investments Book Value (excluding discontinued operations) Market leader Q4 Highlights Marginally negative revenue growth year on year. EBIT margins remain at solid levels driven by strong performance from the real estate CMS business. Good year-on-year increase in portfolio investments but with limited earnings impact in 2017 as majority of investments completed during the fourth quarter. Positive outlook for future growth from good pipeline for portfolio investments and large BPO contracts and ongoing activities to reduce cost and increase efficiency. Top five Other New regional division is applied from Q Spain (ESP) 13

14 Credit Management Services Excl NRIs, SEK M Q Pro forma Q Change FX Adjust Pro FormaPro Forma FY FY Change FX Adjust Revenues Service Line Earnings Service Line Earnings Margin, ppt ppt Q4 Highlights Fx-adjusted revenue growth of 1. Adjusted for the divestment of a Dutch subsidiary, fx-adjusted revenue growth was 2. Organic growth slightly negative for the quarter. Margin decline of 5-points year-on-year reflects similar trends as noted in Q3-17, including price pressure, higher legal collection costs and temporarily lower income from servicing own portfolios. Several activities in place to improve CMS margins and growth, in line with the priorities outlined at the Capital Markets Day in December. Acquisitions and realization of cost synergies remain in focus. In addition, programs to improve collection and cost efficiency will also contribute to future earnings growth. Market leader Top five Other 14

15 Financial Services Excl NRIs, SEK M Q Pro forma Q Change FX Adjust Pro Forma Pro Forma FY FY Change FX Adjust Revenues Service Line Earnings Service Line Earnings Margin, ppt ppt Portfolio investments ROI, ppt ppt Carrying Value ERC Q4 Highlights Solid investment levels and earnings growth for the quarter, reflecting strong market conditions and benefits from the merger. Continued good growth from portfolio investments in SME and secured portfolios in selected markets. SME and Secured portfolios accounted for about 15 of the total book as of Q4-17 (Q3-17: about 13). Good risk adjusted returns, adjusting for Q4-17 revaluations, the ROI for the quarter 16. The fourth quarter improved market position in Italy and market entry in Greece strengthens platform for future growth. Market leader Top five Other 15

16 Common Costs Excluding NRIs, SEK M Q Pro forma Q Change FX Adjust Pro FormaPro Forma FY FY Change FX Adjust Common Costs Q4 Highlights Increase year-on-year from acquired units. In addition, about 30 MSEK in increased costs year on year from mainly software impairment and amortization of intangibles from the Lindorff merger. Limited impact from realized cost synergies as largest share was realized late in the fourth quarter common cost levels expected to decrease significantly vs 2017 due to full year impact of cost synergies. 16

17 Synergy update Run-rate of achieved cost synergies (End of year estimate in MSEK) Actual 2017 / Forecast FY 2017 FY 2018 FY Capital Markets Day Forecast Estimated actuals + updated forecast Deviation Slightly higher pace for synergy realization in Q4-17. No change in outlook for Limited P&L effect in 2017 due to vast majority of synergies realized late in Q4 Cost to realize synergies (Full Year estimate in MSEK) Actual 2017 / Forecast FY 2017 FY 2018 FY 2019 Total 2017 Capital Markets Day Forecast Estimated actuals + updated forecast Deviation No change in outlook for total costs to realize synergies during Higher costs in Q4-17 than previously estimated due to good progress on defining and communicating restructuring needs, resulting in higher accruals for planned restructuring activities 2017 costs include 24 MSEK of non-cash costs (impairment write-down), of which 18 MSEK in Q

18 Near-term priorities 18

19 Near-term priorities Disciplined execution on the priorities per the Intrum 2020 Strategy Building a strong Near-term focus on the following activities: Benefit from strong market conditions for Portfolio Investments Proactively drive the pipeline for larger CMS acquisitions and BPO-opportunities Improve margin trend for CMS Continue to realize full benefits from the merger 19

20 Q&A

21 Appendix

22 Table of content 1. NRI and revaluations by profit and loss segment 2. Funding base 3. Pro forma credit management services revenues, growth and margins 4. Pro forma portfolio investments carrying value and growth 5. Pro forma portfolio investments and ROI 6. Portfolio investments collections vs active forecast 7. Portfolio investments ERC 8. Portfolio investments gross Cash-on-Cash multiple 9. Upcoming IR activities 22

23 1. NRIs and revaluations by profit and loss segment Q NRIs distribution Regions Service lines SEK M, excl discontinued operations NOE CEE WSE Spain Group CMS FS Common Group EBIT incl NRIs Lindorff integration NRIs Other NRIs Total NRIs EBIT excl NRIs Revaluations EBIT excl NRIs & revaluations Jan-Dec 2017 NRIs distribution Regions Service lines SEK M, excl discontinued operations NOE CEE WSE Spain Group CMS FS Common Group EBIT incl NRIs Lindorff transaction NRIs Lindorff integration NRIs Other NRIs Total NRIs EBIT excl NRIs Revaluations EBIT excl NRIs & revaluations Intrum Justitia AB (publ) All rights reserved.

24 MSEK 2. Funding base Syndicated revolving credit facility EUR 1.1bn SEK 2,828 m Utilized per 31 Dec 2017 Swedish MTN program SEK 1 bn, 5Y, issued June 2013 (margin of 2.22) SEK 1 bn, 5Y, issued May 2014 (margin of 1.60) Maturity profile Senior bonds issued June 2017 SEK 3.0bn, 5Y (3m Stibor(0 floor) ) EUR 300m, 5Y (3m Euribor(0 floor) ) EUR 1.5bn, 5Y (coupon: 2.75) EUR 900m, 7Y (coupon: 3.125) Private placement EUR 160m, 7Y, issued June Commercial paper (up to SEK 4bn) SEK 2,270 m outstanding per 31 Dec 2017 Co-Investors for large portfolios of receivables Typically participate by of total investment CP BONDS SEK MTN Private Placement 24

25 SEK million 3. Pro forma credit management services revenues, growth & margins excl NRI and IACs CMS Development Revenue (Left Axis) Service Line Earings (Left Axis) Service Line Margin (Right Side Axis) 20 25

26 4. Pro forma Portfolio Investments carrying value and growth SEK M Portfolio carrying value: SEK M Book Value growth y-o-y: Y o Y comparison 26

27 5. Pro forma portfolio investments and ROI SEK M Investments: SEK M FY Q4 Q3 Q2 Q * Portfolio ROI RTM * 1st Credit Portfolio Investment at SEK 1,3 bn 27

28 6. Proforma portfolio investment collections vs. active forecast 18,0 16,0 14,0 12,0 10,0 8,0 Collections vs Active Forcast per Quarter 6,0 Collections vs Active Forcast R12 4,0 2,0 0,0 Q1 16 Q2 16 Q3 16* Q4 16* Q1 17* Q2 17 Q3 17 Q4 17 *The R12 numbers for these quarters have been adjusted for previously disclosed portfolio sales. 28

29 7. ERC ERC Rolling 12 months (SEK, billions) Cash Multiple (ERC/Current BV) as of 31 th December 2017 = 2, , ,4 29, , ,3 15,5 12,3 9,7 7,5 5,8 4,4 3,1 2,1 1,2 0,5 29

30 8. Pro forma gross cash-on-cash multiple Vintage Purchase Price, SEK M Gross Cash-on-Cash Multiple 2008 and before , , , , , , , , , ,97 Gross Cash-on-Cash Multiple: Gross cash-on-cash multiple means the actual gross collections to date, plus the ERC as of the same date divided by the total amount paid for the portfolio at the date of purchase. 30

31 9. Upcoming IR activities 2018 Q4 Roadshow Stockholm, Wednesday, January 31 st London, Thursday, February 1 st Paris and Frankfurt, Friday, February 2 nd Boston, Tuesday, February 6 th New York, Wednesday, February 7 th Financial Financial calendar Publication of annual report 2017, Friday, April 6 th Annual general meeting, Friday, April 27th Interim report Jan-March 2018, Friday, April 27 th Interim report Jan-June 2018, Tuesday, July 24 th Interim report Jan-Sept 2018, Thursday, October 26 th Additional events* Carnegie - Debt purchase seminar Stockholm, Tuesday, March 13 th Goldman Sachs - European Small and Mid cap London, Thursday, May 3 rd SEB & Nasdaq - Nordic markets day New York, Tuesday, May 16 th SEB, ABN Amro & Commerzbank - Nordic day Boston, Wednesday, May 17 th Svenska Handelsbanken- Nordic Small and Mid cap Stockholm, Thursday, May 24 th Deutsche Bank - European leveraged finance London, Wednes-/Thursday, June 13 th /14 th * Preliminary and subject to future updates 31

32 The material in this presentation has been prepared by Intrum Justitia AB ( Intrum ). This information is given in summary form and does not purport to be complete. Information in this presentation, including forecast financial information, should not be considered as advice or a recommendation to investors or potential investors in relation to holding, purchasing or selling securities or other financial products or instruments and does not take into account your particular investment objectives, financial situation or needs. Before acting on any information you should consider the appropriateness of the information having regard to these matters, any relevant offer document and in particular, you should seek independent financial advice. All securities and financial product or instrument transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments and, in international transactions, currency risk. This presentation may contain forward looking statements including statements regarding our intent, belief or current expectations with respect to Intrum s businesses and operations, market conditions, results of operation and financial condition, capital adequacy, specific provisions and risk management practices. Readers are cautioned not to place undue reliance on these forward looking statements. Intrum does not undertake any obligation to publicly release the result of any revisions to these forward looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events. While due care has been used in the preparation of forecast information, actual results may vary in a materially positive or negative manner. Forecasts and hypothetical examples are subject to uncertainty and contingencies outside Intrum s control. Past performance is not a reliable indication of future performance. All securities and financial product or instrument transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments and, in international transactions, currency risk. This presentation may contain forward looking statements including statements regarding our intent, belief or current expectations with respect to Intrum s businesses and operations, market conditions, results of operation and financial condition, capital adequacy, specific provisions and risk management practices. Readers are cautioned not to place undue reliance on these forward looking statements. Please read our most recent annual report for a better understanding of these risks and uncertainties.

33 Thank you!

Interim report July - September 2016

Interim report July - September 2016 Interim report July - September 2016 October 19 th, 2016 Mikael Ericson, CEO Erik Forsberg, CFO 2 Q3 2016 Highlights Continued good financial development All financial targets met: EPS growth, PD RoI and

More information

Year-end announcement January December 2017

Year-end announcement January December 2017 Year-end announcement January December 2017 Year-end announcement 2017 Fourth quarter 2017 Consolidated net revenues for the fourth quarter of 2017 amounted to SEK 3,101 M (1,658). Pro forma for the fourth

More information

Press Release Intrum presents 2020 strategy, financial targets and updates on recent continued strong business development

Press Release Intrum presents 2020 strategy, financial targets and updates on recent continued strong business development Stockholm at 07.40 CET 2017-12-07 Press Release Intrum presents 2020 strategy, financial targets and updates on recent continued strong business development At the Capital Markets Day, to be held in Stockholm

More information

LINDORFF SECOND QUARTER 2015 PAGE 1/29 QUARTERLY REPORT

LINDORFF SECOND QUARTER 2015 PAGE 1/29 QUARTERLY REPORT LINDORFF SECOND QUARTER 2015 PAGE 1/29 Q1 QUARTERLY REPORT 2017 PAGE 2/29 LINDORFF SECOND QUARTER 2015 LINDORFF FIRST QUARTER 2017 PAGE 3/29 Financial highlights Q1 Net revenue of EUR 179m, up 33% y/y

More information

Presentation Tuesday May 15th Helping people keep their commitments

Presentation Tuesday May 15th Helping people keep their commitments Presentation Tuesday May 15th 2018 Q1 2018 Helping people keep their commitments 1 Today s presenters Klaus-Anders Nysteen CEO Christer Johansson CFO 2 AGENDA 1 Strategic agenda and key highlights Q1 2018

More information

Lindorff. Company Presentation. November 2016

Lindorff. Company Presentation. November 2016 Lindorff Company Presentation November 06 Disclaimer IMPORTANT INFORMATION Not for distribution in or into the United States, Australia, Canada, Japan or any other jurisdiction in which such distribution

More information

Q trading update

Q trading update Q3 2018 trading update October 25, 2018 Louis Guyot, CFO We empower your day Disclaimer This document may contain information related to the Group s outlook. Such outlook is based on data, assumptions

More information

Interim Report January June 2011

Interim Report January June 2011 Interim Report January June Lars Nyberg President and CEO 1 A united TeliaSonera shows strong profitability Net sales SEK 25,894 million (27,065) Increased 3.0 percent in local currencies EBITDA* SEK 9,9

More information

Interim report January - March 2015

Interim report January - March 2015 Interim report January - March 2015 May 6, 2015 Stable earnings geared for growth Introduction to Hoist Finance Introduction Established in 1994, Hoist Finance is a leading debt restructuring partner to

More information

Royal Unibrew A/S. by Lars Jensen, CFO 24 May Norwegian Clients Reversed Roadshow, Nordea

Royal Unibrew A/S. by Lars Jensen, CFO 24 May Norwegian Clients Reversed Roadshow, Nordea Royal Unibrew A/S by Lars Jensen, CFO 24 May 216 - Norwegian Clients Reversed Roadshow, Nordea 1 ROYAL UNIBREW NORDEA - NORWEGIAN CLIENTS REVERSED ROADSHOW 24 MAY 216 Performance improvement - in line

More information

Interim report Q3 2017

Interim report Q3 2017 Q3 Solid portfolio acquisitions and strong earnings trend July September Total revenue was unchanged at SEK 666m (665). Profit before tax increased 40 per cent to SEK 182m (130). Diluted earnings per share

More information

Volvo Car GROUP interim report Second Quarter 2016

Volvo Car GROUP interim report Second Quarter 2016 INTERIM REPORT SECOND QUARTER Volvo Car GROUP interim report Second Quarter i OF 24 VOLVO CAR AB (PUBL.) (556810 8988) VOLVO CAR GROUP INTERIM REPORT SECOND QUARTER, INTERIM GOTHENBURG REPORT JULY SECOND

More information

Royal Unibrew A/S. by Lars Jensen, CFO 8 June 2016 Handelsbanken - Nordic Mid/Small Cap Seminar 2016, Stockholm

Royal Unibrew A/S. by Lars Jensen, CFO 8 June 2016 Handelsbanken - Nordic Mid/Small Cap Seminar 2016, Stockholm Royal Unibrew A/S by Lars Jensen, CFO 8 June 2016 Handelsbanken - Nordic Mid/Small Cap Seminar 2016, Stockholm 1 ROYAL UNIBREW HANDELSBANKEN NORDIC MID/SMALL CAP SEMINAR 2016 - STOCKHOLM JUNE 2016 Facts

More information

TELE2 AB ANNOUNCES STRONG GROUP CUSTOMER INTAKE, AND CONTINUED SIGNIFICANT IMPROVEMENT IN EBITDA MARGINS

TELE2 AB ANNOUNCES STRONG GROUP CUSTOMER INTAKE, AND CONTINUED SIGNIFICANT IMPROVEMENT IN EBITDA MARGINS FOR IMMEDIATE RELEASE Monday, August 6, 2001 TELE2 AB ANNOUNCES STRONG GROUP CUSTOMER INTAKE, AND CONTINUED SIGNIFICANT IMPROVEMENT IN EBITDA MARGINS 63% Annualized increase in Pro forma Operating Revenue

More information

Royal Unibrew A/S. By Lars Jensen, CFO. Bryan, Garnier & Co 2nd European Consumer Conference 29 November 2016

Royal Unibrew A/S. By Lars Jensen, CFO. Bryan, Garnier & Co 2nd European Consumer Conference 29 November 2016 Royal Unibrew A/S By Lars Jensen, CFO Bryan, Garnier & Co 2nd European Consumer Conference 29 November 216 1 ROYAL UNIBREW INVESTOR PRESENTATION BRYAN, GARNIER & CO 29 NOVEMBER 216 Performance as expected

More information

H & M HENNES & MAURITZ AB FULL YEAR REPORT

H & M HENNES & MAURITZ AB FULL YEAR REPORT H & M HENNES & MAURITZ AB FULL YEAR REPORT 1 December 2006 30 November 2007 Sales excluding VAT for the H&M Group for the financial year amounted to SEK 78,346 m (68,400), an increase of 15 percent. In

More information

Morgan Stanley European Financials Conference, London 27 March Jan Erik Back CFO SEB

Morgan Stanley European Financials Conference, London 27 March Jan Erik Back CFO SEB Morgan Stanley European Financials Conference, London 27 March 212 Jan Erik Back CFO SEB In the new world, what are SEB s priorities? Relationship banking as the key franchise driver Response to the new

More information

FACT SHEET Q1 2018/19

FACT SHEET Q1 2018/19 FACT SHEET Q 208/9 Sales adjusted for currency effects and portfolio changes grew by +2.8%; reported sales increased by +.7% to 6,879 m (+2.4% on a like-for-like basis); sound sales momentum with market

More information

19% Portfolio growth over the last 12-month period

19% Portfolio growth over the last 12-month period Year-end report Another successful year closes with strong growth October December Total revenue increased 11 per cent to SEK 744m (672). Items affecting comparability totalled SEK 59m excluding tax. Profit

More information

SEB Nordic Seminar By Lars Jensen, CFO 10 January 2017

SEB Nordic Seminar By Lars Jensen, CFO 10 January 2017 SEB Nordic Seminar 2017 By Lars Jensen, CFO 10 January 2017 1 ROYAL UNIBREW SEB NORDIC SEMINAR 2017 10 JANUARY 2017 A Leading Regional Beverage Group Royal Unibrew Core markets Full range of beverages,

More information

Royal Unibrew A/S. by Henrik Brandt, President & CEO May 2016 Nordic Market Day 2016

Royal Unibrew A/S. by Henrik Brandt, President & CEO May 2016 Nordic Market Day 2016 Royal Unibrew A/S by Henrik Brandt, President & CEO 18-19 May 2016 Nordic Market Day 2016 1 ROYAL UNIBREW NORDIC MARKET DAY BOSTON AND NEW YORK MAY 2016 Facts about Royal Unibrew Royal Unibrew is the second

More information

RECORD-BREAKING FOURTH QUARTER SALES AND EBITA AS MARKET CONDITIONS RETURN TO NORMAL

RECORD-BREAKING FOURTH QUARTER SALES AND EBITA AS MARKET CONDITIONS RETURN TO NORMAL RECORD-BREAKING FOURTH QUARTER SALES AND EBITA AS MARKET CONDITIONS RETURN TO NORMAL Bygghemma Group First AB (publ) 1 Today s presenters Mikael Olander President and CEO Martin Edblad CFO Bygghemma Group

More information

H & M HENNES & MAURITZ AB THREE-MONTH REPORT

H & M HENNES & MAURITZ AB THREE-MONTH REPORT H & M HENNES & MAURITZ AB THREE-MONTH REPORT 1 December 2007 29 February 2008 Sales excluding VAT for the H&M Group for the first three months of the financial year amounted to SEK 19,742 m (16,772), an

More information

Interim report January - June 2015

Interim report January - June 2015 Interim report January - June 2015 July 31, 2015 Continued stable earnings and growth Introduction to Hoist Finance Introduction Established in 1994, Hoist Finance is a leading debt restructuring partner

More information

Results Presentation Q3/9M 2017/18. Dusseldorf, 14 August 2018

Results Presentation Q3/9M 2017/18. Dusseldorf, 14 August 2018 Results Presentation Q3/9M 2017/18 Dusseldorf, 14 August 2018 DISCLAIMER AND NOTES This disclaimer shall apply in all respects to the entire presentation (including all slides of this document), the oral

More information

H & M HENNES & MAURITZ AB NINE-MONTH REPORT

H & M HENNES & MAURITZ AB NINE-MONTH REPORT NINE-MONTH REPORT 2010 H & M HENNES & MAURITZ AB NINE-MONTH REPORT 1 December 2009 31 August 2010 NINE MONTHS The H&M Group s sales excluding VAT during the first nine months of the financial year amounted

More information

Interim report Q2 2017

Interim report Q2 2017 Q2 Strong results despite increased investments for future growth and profitability April June Total revenue increased 5 per cent to SEK 686m (655). Profit before tax excluding items affecting comparability

More information

INTERIM REPORT - NINE MONTHS 1 December August 2003

INTERIM REPORT - NINE MONTHS 1 December August 2003 INTERIM REPORT - NINE MONTHS 1 December 2002-31 August 2003 H&M s Group turnover amounted to SEK 40,235 (37,369) M, an increase of 8 per cent. In comparable currency rates the increase was 10 per cent.

More information

Cision reports solid incremental performance

Cision reports solid incremental performance 1 Cision AB (publ) Interim report January March 2012, April 24th, 2012 Cision reports solid incremental performance January March Total revenue SEK 245 million (248) Organic growth +4% ( 2%) Operating

More information

Interim report Q3, July September 2017 Stockholm, 25 October 2017

Interim report Q3, July September 2017 Stockholm, 25 October 2017 Interim report Q3, July September Stockholm, 25 October As of the second quarter of, Cloetta Italia S.r.l. is accounted for as discontinued operation. The comparative figures in the consolidated profit

More information

Royal Unibrew A/S. by Henrik Brandt, President & CEO 15 June 2016 dbaccess Global Consumer Conference, Paris

Royal Unibrew A/S. by Henrik Brandt, President & CEO 15 June 2016 dbaccess Global Consumer Conference, Paris Royal Unibrew A/S by Henrik Brandt, President & CEO 15 June 216 dbaccess Global Consumer Conference, Paris 1 ROYAL UNIBREW dbaccess GLOBAL CONSUMER CONFERENCE - PARIS JUNE 216 Facts about Royal Unibrew

More information

Makes it easier to be professional

Makes it easier to be professional Makes it easier to be professional Handelsbanken Nordic Mid/small Cap Seminar June 8, 2017 President and CEO Johan Nilsson 2 2 Introduction One-Stop-Shop multi channel offering for professionals Branches

More information

Worldline H Results Worldline. Presentation to Investors September 2018

Worldline H Results Worldline. Presentation to Investors September 2018 Presentation to Investors September 2018 Disclaimer This document contains forward-looking statements that involve risks and uncertainties, including references, concerning the Group's expected growth

More information

Elis 2017 annual results MARCH 7, 2018

Elis 2017 annual results MARCH 7, 2018 Elis 2017 annual results MARCH 7, 2018 Forward looking statements This document may contain information related to the Group s outlook. Such outlook is based on data, assumptions and estimates that the

More information

Mobile Bank. Countries. Year-on-year profit growth. Frankfurt Prime Standard

Mobile Bank. Countries. Year-on-year profit growth. Frankfurt Prime Standard 2 Consumer loans Business loans Mobile Bank years of profitable growth Active & former customers Countries Q1 2018 revenue Year-on-year revenue growth Year-on-year profit growth Founded Helsinki 2005 EU

More information

1 (19) Year-end report January December Tradedoubler year-end report January December 2016

1 (19) Year-end report January December Tradedoubler year-end report January December 2016 1 (19) Year-end report January December 2016 Tradedoubler year-end report January December 2016 2 (19) Year-end report January December 2016 Improved financial performance THE FOURTH QUARTER OCTOBER -

More information

INTERIM REPORT - NINE MONTHS 1 December August 2004

INTERIM REPORT - NINE MONTHS 1 December August 2004 INTERIM REPORT - NINE MONTHS 1 December 2003-31 August 2004 H&M s Group turnover excluding VAT amounted to SEK 37,821 M (34,315), an increase of 10 per cent. In comparable currency rates the increase was

More information

GUNNEBO INTERIM REPORT JANUARY JUNE 2015

GUNNEBO INTERIM REPORT JANUARY JUNE 2015 GUNNEBO INTERIM REPORT JANUARY JUNE 2015 Gothenburg, July 17, 2015 The CEO s comments on the second quarter Order intake increased organically by 14% during the second quarter. Several major orders were

More information

Investor Presentation. Annual Accounts

Investor Presentation. Annual Accounts Investor Presentation Annual Accounts SEB a unique Nordic Bank Relationships Corporates Stability 2 Unique corporate franchise Truly embedded corporate bank Mergers & Acquisitions Foreign Exchange Trade

More information

H & M HENNES & MAURITZ AB FULL-YEAR REPORT

H & M HENNES & MAURITZ AB FULL-YEAR REPORT H & M HENNES & MAURITZ AB FULL-YEAR REPORT 1 December 2008 30 November 2009 The H&M Group s sales excluding VAT for the financial year amounted to SEK 101,393 m (88,532), an increase of 15 percent. In

More information

H & M HENNES & MAURITZ AB NINE MONTH REPORT

H & M HENNES & MAURITZ AB NINE MONTH REPORT H & M HENNES & MAURITZ AB NINE MONTH REPORT 1 December 2006 31 August 2007 Sales for the H&M Group excluding VAT for the first nine months of the financial year amounted to SEK 55,529 m (48,888), an increase

More information

BUSINESS REVIEW Q3/2018 / CRAMO PLC Q3

BUSINESS REVIEW Q3/2018 / CRAMO PLC Q3 BUSINESS REVIEW /2018 / CRAMO PLC 1 PROFITABLE GROWTH CONTINUED BUSINESS REVIEW /2018 / CRAMO PLC JULY SEPTEMBER 2018 Sales EUR 197.9 (191.9) million, up by 3.1%. In local currencies, sales grew by 7.5%.

More information

GUNNEBO INTERIM REPORT JANUARY-SEPTEMBER 2014

GUNNEBO INTERIM REPORT JANUARY-SEPTEMBER 2014 Gothenburg, October 23, 2014 GUNNEBO INTERIM REPORT JANUARY-SEPTEMBER 2014 The CEO s comments on the third quarter During the quarter, order intake increased organically by 1% compared with last year.

More information

SECOND QUARTER July 2009

SECOND QUARTER July 2009 SECOND QUARTER 29 22 July 29 AGENDA CEO review Financial review Concluding remarks Harri Koponen Lars Nilsson Harri Koponen 2 29-7-22 Second quarter 29 HIGHLIGHTS Q2 Record result with all regions performing

More information

Full year % EBIT margin. Quarter Change, % 31 Dec Change, %

Full year % EBIT margin. Quarter Change, % 31 Dec Change, % Year-end report October December Gross cash collections on acquired loan portfolios increased 7 per cent to SEK 1,105m (1,032). Total revenue increased 9 per cent to SEK 676m (622). Reported EBIT was SEK

More information

Henrik Lange Executive Vice President and CFO

Henrik Lange Executive Vice President and CFO Henrik Lange Executive Vice President and CFO SKF Capital Markets Day 10 September 2014 Agenda Financial development Cash flow, working capital Financial position Acquisitions Second brand Key business

More information

H & M HENNES & MAURITZ AB NINE-MONTH REPORT

H & M HENNES & MAURITZ AB NINE-MONTH REPORT H & M HENNES & MAURITZ AB NINE-MONTH REPORT 1 December 2007 31 August 2008 Sales excluding VAT for the H&M Group for the first nine months of the financial year amounted to SEK 62,222 m (55,529), an increase

More information

Investor Presentation Q Results. 8 November 2017

Investor Presentation Q Results. 8 November 2017 Investor Presentation Q3 2017 Results 8 November 2017 Forward-looking statements This presentation contains forward-looking statements, including, but not limited to, the statements and expectations contained

More information

Interim Report January September 2018

Interim Report January September 2018 Interim Report January September 2018 2 July September 2018 Revenue SEK 4,918 million (4,246). Real growth 8 percent (5) and organic growth 2 percent (3). Operating income (EBITA) 1) SEK 626 million (570)

More information

Presentation Friday July Helping people keep their commitments

Presentation Friday July Helping people keep their commitments Presentation Friday July 27 2018 Q2 2018 Helping people keep their commitments 1 Today s presenters Klaus-Anders Nysteen CEO Christer Johansson CFO 2 AGENDA 1 Key highlights Q2 2018 and update on operational

More information

GUNNEBO INTERIM REPORT JANUARY - JUNE 2014

GUNNEBO INTERIM REPORT JANUARY - JUNE 2014 GUNNEBO INTERIM REPORT JANUARY - JUNE 2014 Gothenburg July 16, 2014 CEO s comments for the second quarter During the second quarter, Group sales increased organically by 6% to MSEK 1,419. Growth was primarily

More information

Volvo Car GROUP interim report

Volvo Car GROUP interim report Volvo Car GROUP interim report QUARTER ONE Volvo Car ab (556810-8988) INTERIM report JANUARY-MARCH Gothenburg, APRIL 25 TH, QUARTER ONE Volvo Cars retail sales at 120,591 (107,721) units Net revenue at

More information

NINE MONTH REPORT. 1 December August 2006

NINE MONTH REPORT. 1 December August 2006 NINE MONTH REPORT 1 December 2005 31 August 2006 Sales for the H&M Group excluding VAT for the first nine months amounted to SEK 48,888 m (43,253), an increase of 13 per cent. With comparable exchange

More information

Carnegie Nordic Large Cap Seminar Stockholm 4 March 2008 Mikael Inglander, CFO

Carnegie Nordic Large Cap Seminar Stockholm 4 March 2008 Mikael Inglander, CFO Carnegie Nordic Large Cap Seminar Stockholm 4 March 28 Mikael Inglander, CFO The leading bank in four small countries Sweden Total population: 9.2m Employees: 8,75 Private customers: 4.1m Corp. customers:

More information

H & M Hennes & Mauritz AB

H & M Hennes & Mauritz AB H & M Hennes & Mauritz AB Three-month report 1 December 2013 28 February 2014 First quarter The H&M Group s sales including VAT increased in local currencies by 12 percent during the first quarter. Converted

More information

H & M HENNES & MAURITZ AB FULL YEAR RESULTS

H & M HENNES & MAURITZ AB FULL YEAR RESULTS H & M HENNES & MAURITZ AB FULL YEAR RESULTS 1 December 2004 to 30 November 2005 Group turnover excluding VAT for the financial year amounted to SEK 61,262 M (53,695), an increase of 14 per cent compared

More information

HL Display Group Fourth Quarter and Full-Year Report January December 2012

HL Display Group Fourth Quarter and Full-Year Report January December 2012 PRESS RELEASE Contact: Gérard Dubuy, CEO Magnus Bergendorff, CFO Telephone: +46 (0)8-683 73 00 Internet including image archive: www.hl-display.com HL Display Group Fourth Quarter and Full-Year Report

More information

1H 2018 Results Presentation

1H 2018 Results Presentation 1H 2018 Results Presentation Agenda of the presentation 1. Executive Summary 2. Summary of Eurocash parts (segments) 3. Market overview 4. Eurocash Financials 2 1. Executive summary WHOLESALE - STRONG

More information

German Investment Seminar

German Investment Seminar German Investment Seminar Dr Eckhard Cordes, CEO New York, 13 January 2010 Disclaimer This presentation contains forward-looking statements which are based on certain expectations and assumptions at the

More information

Tieto Q4/2012. Kimmo Alkio President and CEO Lasse Heinonen CFO Pellervo Hämäläinen VP, Communications & IR. 6 February 2013

Tieto Q4/2012. Kimmo Alkio President and CEO Lasse Heinonen CFO Pellervo Hämäläinen VP, Communications & IR. 6 February 2013 Tieto Q4/2012 Kimmo Alkio President and CEO Lasse Heinonen CFO Pellervo Hämäläinen VP, Communications & IR 2013 Tieto Corporation 6 February 2013 1 Q4 2012 in brief Strong improvement in underlying profitability

More information

INCREASED FOCUS ON COSTS

INCREASED FOCUS ON COSTS The leading hotel company in the Nordics January March 2018 INCREASED FOCUS ON COSTS FIRST QUARTER IN SUMMARY Net sales rose by 22.5 percent to 3,791 MSEK (3,095), driven by more rooms in operation and

More information

DUNA HOUSE GROUP Highlights. March 2018

DUNA HOUSE GROUP Highlights. March 2018 DUNA HOUSE GROUP 2017 Highlights March 2018 DISCLAIMER This presentation shall not be considered as an offer or an invitation to tender concerning the purchase, subscription or any other transaction of

More information

2 nd quarter continuation of a stable trend. Ben Noteboom, CEO Robert Jan van de Kraats, CFO. Randstad Holding nv July 25, 2013

2 nd quarter continuation of a stable trend. Ben Noteboom, CEO Robert Jan van de Kraats, CFO. Randstad Holding nv July 25, 2013 2 nd quarter 2013 continuation of a stable trend Ben Noteboom, CEO Robert Jan van de Kraats, CFO Randstad Holding nv disclaimer & definitions Certain statements in this document concern prognoses about

More information

GUNNEBO YEAR-END RELEASE 2014

GUNNEBO YEAR-END RELEASE 2014 GUNNEBO YEAR-END RELEASE 2014 Gothenburg, February 4, 2015 The CEO s comments on the fourth quarter The fourth quarter represented a strong end to a year that has continued to develop the Group in the

More information

3 rd quarter back to growth in September. Robert Jan van de Kraats, CFO. Randstad Holding nv October 31, 2013

3 rd quarter back to growth in September. Robert Jan van de Kraats, CFO. Randstad Holding nv October 31, 2013 3 rd quarter 2013 back to growth in September Robert Jan van de Kraats, CFO Randstad Holding nv disclaimer & definitions Certain statements in this document concern prognoses about the future financial

More information

Investor Conference Call

Investor Conference Call Investor Conference Call /////////// Q2 2018 Results September 05, 2018 Werner Baumann, CEO Wolfgang Nickl, CFO Cautionary Statements Regarding Forward-Looking Information Certain statements contained

More information

Interim Report. July September July- Sept. Sept

Interim Report. July September July- Sept. Sept Q3 Interim Report July September Doro AB Corporate Identity Number 556161-9429 18.2% Net sales growth 8.9% EBIT margin Growth in all markets and improved margins July September Net sales amounted to SEK

More information

Investor Presentation Q3 Results. 12 November 2014

Investor Presentation Q3 Results. 12 November 2014 Investor Presentation Q3 Results 12 November 2014 1 Forward-looking statements This presentation contains forward-looking statements, including, but not limited to, the statements and expectations contained

More information

H & M HENNES & MAURITZ AB THREE-MONTH REPORT

H & M HENNES & MAURITZ AB THREE-MONTH REPORT THREE-MONTH REPORT 2010 H & M HENNES & MAURITZ AB THREE-MONTH REPORT 1 December 2009 28 February 2010 THE FIRST QUARTER The H&M Group s sales excluding VAT amounted to SEK 24,846 m (23,299), an increase

More information

Interim presentation. 15 February, Anders Nissen, CEO Liia Nõu, CFO

Interim presentation. 15 February, Anders Nissen, CEO Liia Nõu, CFO Interim presentation 15 February, 2018 Anders Nissen, CEO Liia Nõu, CFO Forward-looking statements This presentation contains forwardlooking statements. Such statements are subject to risks and uncertainties

More information

Interim Report January - March 2015

Interim Report January - March 2015 Interim Report January - March 2015 The period January - March 2015* Net sales increased by 23% in the period to SEK 1,848 (1,508) m. Adjusted EBITA improved by SEK 19 m, and amounted to SEK 100 (81) m.

More information

Q3 report November Per Strömberg, CEO Sven Lindskog, CFO

Q3 report November Per Strömberg, CEO Sven Lindskog, CFO report 11 November Per Strömberg, CEO Sven Lindskog, CFO Good quarter across the Group Stable financial development Improved net sales +5% on a comparable basis Improved EBIT MSEK 149 of which Apotek Hjärtat

More information

Investor Presentation. Result presentation. January September 2010

Investor Presentation. Result presentation. January September 2010 Investor Presentation Result presentation January September 2010 Highlights Income Seasonally slow quarter supported by diversified earnings Further improved asset quality Baltics back in black Profit

More information

Interim Report Polygon AB

Interim Report Polygon AB Interim Report Polygon AB January - March 2017 FIRST QUARTER 2017 Sales + 21% 132.8 million (109.4) Strong organic growth of 21% as a result of healthy backlog levels also fuelled by an increased share

More information

RECORD SALES, EBITA AND CASH FLOW ACCELERATED ORGANIC GROWTH TO 19 %

RECORD SALES, EBITA AND CASH FLOW ACCELERATED ORGANIC GROWTH TO 19 % RECORD SALES, EBITA AND CASH FLOW ACCELERATED ORGANIC GROWTH TO 19 % Bygghemma Group First AB (publ) 1 Today s presenters Mikael Olander President and CEO Martin Edblad CFO Bygghemma Group since 2012 CEO

More information

Alfa Laval AB (publ) Interim report January 1 March 31, 2005

Alfa Laval AB (publ) Interim report January 1 March 31, 2005 Alfa Laval AB (publ) Interim report January 1 March 31, 2005 "Orders received during the first quarter 2005 increased with five percent, excluding exchange rate variations. Alfa Laval further strengthened

More information

Q Financial Report. Lars-Johan Jarnheimer President and CEO

Q Financial Report. Lars-Johan Jarnheimer President and CEO Q2 26 Financial Report Lars-Johan Jarnheimer President and CEO Q2 26 - Overview Revenues Q2 26 13,482 Difference to Q2 25 +1,439 +12% EBITDA 1,397-292 -17% Customer Net Additions (thousands) *excluding

More information

Strong growth in Q revenue, up +46.4% Organic growth at +2.3% Integration of Berendsen underway

Strong growth in Q revenue, up +46.4% Organic growth at +2.3% Integration of Berendsen underway Press release Strong in Q3 2017 revenue, up +46.4% Organic at +2.3% Integration of Berendsen underway Further organic in all geographies of Elis historical scope o +2.3% in : decent summer season and favorable

More information

ROADSHOW POST-Q2 & H RESULTS. September 2016

ROADSHOW POST-Q2 & H RESULTS. September 2016 ROADSHOW POST-Q2 & H1 2016 RESULTS September 2016 1. COMPANY OVERVIEW Rexel at a glance : Strategic partner for suppliers and customers Energy Providers Suppliers Customers Endusers Economies of scale

More information

2017 Full Year Results. Tuesday 21 November 2017

2017 Full Year Results. Tuesday 21 November 2017 2017 Full Year Results Tuesday 21 November 2017 Disclaimer Certain information included in the following presentation is forward looking and involves risks, assumptions and uncertainties that could cause

More information

36.7% EBIT margin. SEK million

36.7% EBIT margin. SEK million Q1 January March Gross cash collections on acquired loan portfolios increased by 34 per cent to SEK 1,056m (791). Total revenue increased by 27 per cent to SEK 638m (501). Reported EBIT was SEK 234m (159)

More information

DnB NOR Group 1st half and 2nd quarter 2010 results. Bjørn Erik Næss, chief financial officer

DnB NOR Group 1st half and 2nd quarter 2010 results. Bjørn Erik Næss, chief financial officer DnB NOR Group 1st half and 2nd quarter 2010 results Rune Bjerke, group chief executive Rune Bjerke, group chief executive Bjørn Erik Næss, chief financial officer 1st half and 2nd quarter 2010 Rising credit

More information

P R E S S R E L E A S E

P R E S S R E L E A S E P R E S S R E L E A S E from ASSA ABLOY AB (publ) 6 November No. 22 INTERIM REPORT JANUARY - SEPTEMBER Sales increased by 67% to SEK 16,304 M (9,747) Organic growth for comparable units was 4% Income before

More information

Year-End Report 2018 HIGHLIGHTS FOURTH QUARTER

Year-End Report 2018 HIGHLIGHTS FOURTH QUARTER Year-End Report Our strong fourth quarter performance concluded a transforming year for Stillfront and our shareholders. Net revenue grew by 29% YoY, in the fourth quarter, on the strength of our development

More information

H & M HENNES & MAURITZ AB FULL YEAR REPORT

H & M HENNES & MAURITZ AB FULL YEAR REPORT H & M HENNES & MAURITZ AB FULL YEAR REPORT 1 December 2005 30 November 2006 Sales for the H&M Group excluding VAT for the financial year amounted to SEK 68,400 m (61,262), an increase of 12 per cent. In

More information

Eltel AB Q Presentation

Eltel AB Q Presentation Eltel AB Q2 2018 Presentation 9 August 2018 Eltel - Shaping Future Infranets 1 Today s presenters Håkan Kirstein CEO Petter Traaholt CFO Eltel - Shaping Future Infranets 2 Highlights An agreement to divest

More information

37% EBIT margin. Quarter Change, % 30 Sep Dec Change, %

37% EBIT margin. Quarter Change, % 30 Sep Dec Change, % Q3 July September Gross cash collections on acquired loan portfolios increased 10 per cent to SEK 1,075m (974). Total revenue increased 13 per cent to SEK 667m (591). Reported EBIT was SEK 245m (183) and

More information

MADE TO TRADE. Goldman Sachs 18 th Annual Global Retailing Conference. Dr Eckhard Cordes, CEO 8 September 2011 METRO AG 2011

MADE TO TRADE. Goldman Sachs 18 th Annual Global Retailing Conference. Dr Eckhard Cordes, CEO 8 September 2011 METRO AG 2011 MADE TO TRADE. Goldman Sachs 18 th Annual Global Retailing Conference Dr Eckhard Cordes, CEO 8 September 2011 METRO AG 2011 Disclaimer and Notes To the extent that statements in this presentation do not

More information

Financial results & business update

Financial results & business update Financial results & business update Quarter ended 31 March 2019 16 April 2019 Disclaimer Any remarks that we may make about future expectations, plans and prospects for the company constitute forward-looking

More information

Q presentation. Oslo, 28 November 2018

Q presentation. Oslo, 28 November 2018 Q3 2018 presentation Oslo, 28 November 2018 Highlights Q3 2018 Overview High gross cash collection of NOK 1,022m up 57% (NOK 650m in Q3 2017) Financial developments Cash EBITDA increased by 65% to NOK

More information

METRO QUARTERLY STATEMENT 9M/Q3 2017/18

METRO QUARTERLY STATEMENT 9M/Q3 2017/18 CONTENT 2 Overview 4 Sales, earnings and financial position 5 Earnings position of the sales lines 5 8 Real 9 Others 10 Outlook 11 Store network 12 Income statement 13 Balance sheet 15 Cash flow statement

More information

Interim report January March 2015

Interim report January March 2015 Interim report January March Gross cash collections SEK 791m Portfolio acquisitions SEK 273m January March (compared with the first quarter ) Gross cash collections increased by 48 per cent to SEK 791m

More information

P R E S S R E L E A S E

P R E S S R E L E A S E P R E S S R E L E A S E from ASSA ABLOY AB (publ) 27 April 2004 No. 5/04 ASSA ABLOY Q1: ORGANIC GROWTH AND IMPROVED MARGINS IN ALL DIVISIONS Sales in the first quarter increased organically by 3% to SEK

More information

FLAT +3.8% YEAR-END REPORT JANUARY DECEMBER 2017 STRONG Q4 PUTS 2017 CASH FLOW WELL ABOVE EXPECTATIONS JOHAN DENNELIND PRESIDENT & CEO 2.

FLAT +3.8% YEAR-END REPORT JANUARY DECEMBER 2017 STRONG Q4 PUTS 2017 CASH FLOW WELL ABOVE EXPECTATIONS JOHAN DENNELIND PRESIDENT & CEO 2. YEAR-END REPORT JANUARY DECEMBER 2017 JOHAN DENNELIND PRESIDENT & CEO Q4 STRONG Q4 PUTS 2017 CASH FLOW WELL ABOVE EXPECTATIONS We said: cash flow above SEK 7.5 billion WE DID 9.7bn +0.8bn Q4 (+0.8bn Q4)

More information

Year-end report 2017 Press and analyst presentation

Year-end report 2017 Press and analyst presentation Year-end report 2017 Press and analyst presentation 8 February, 2018 Per Strömberg, CEO Sven Lindskog, CFO In brief Good sales momentum in Sweden Robust underlying EBIT and cash flow Strong online growth

More information

Mr Green & Co AB. Interim Report January-June Per Norman CEO & Simon Falk CFO. 21 July 2017 conference call

Mr Green & Co AB. Interim Report January-June Per Norman CEO & Simon Falk CFO. 21 July 2017 conference call Mr Green & Co AB Interim Report January-June 2017 Per Norman CEO & Simon Falk CFO 21 July 2017 conference call Revenues +36.3% EBITDA margin 18.2% Customer deposits +34.4% Q217 vs Q216 2 Strong financial

More information

In 2004 Tele2 increased revenues by 16% to SEK 43 billion with EBITDA rising 11% to SEK 6.6 billion

In 2004 Tele2 increased revenues by 16% to SEK 43 billion with EBITDA rising 11% to SEK 6.6 billion For immediate release, Wednesday, February 16, 2005 New York and Stockholm Wednesday, February 16, 2005 Tele2 AB ( Tele2, the Group ) (Nasdaq Stock Market: TLTOA and TLTOB and Stockholmsbörsen: TEL2A and

More information

Full year report January December 2017

Full year report January December 2017 Full year report January December 2017 Telephone conference February 7, 2018 Thomas Berglund, CEO Olof Bengtsson, CFO Solid Q4 now speeding up the journey of specialization and digitalization Highlights

More information

Bank of America Merrill Lynch 28 September, Jan Erik Back CFO

Bank of America Merrill Lynch 28 September, Jan Erik Back CFO Bank of America Merrill Lynch 28 September, 2016 Jan Erik Back CFO 1 Well diversified business in a strong economic environment Operates principally in economically robust AAA rated European countries

More information

Interim Report January March 2018

Interim Report January March 2018 Interim Report January March 2018 Loomis Interim Report January March 2018 2 January March 2018 Revenue SEK 4,486 million (4,279). Real growth 8 percent (3) and organic growth 3 percent (3). Operating

More information