Agenda. Group highlights Hearing Devices Hearing Implants Diagnostic Instruments Other business areas Group financials 2015 highlights Q&A
|
|
- Belinda Morgan
- 5 years ago
- Views:
Transcription
1
2 Agenda Group highlights Hearing Devices Hearing Implants Diagnostic Instruments Other business areas Group financials 2015 highlights Q&A 2
3 Group highlights 2014 The journey towards becoming one of the leading global hearing healthcare companies continues Challenging and dynamic year for the Group however... Successful integration of Neurelec into Oticon Medical, adding continued value to and generating growth in the Group s Hearing Implant business Successful integration of acquired businesses, delivering strong growth and profitability in Diagnostic Instruments The Group has successfully adapted to the changing US market dynamics and ended 2014 with improved momentum after having launched commercial initiatives Continued development and strengthening of our global distribution platform Continued strong commitment to innovation and R&D across all business areas Improved efficiency through focused restructuring the development of the Group s infrastructure continues 3
4 The William Demant Group Revenue by business activity DKK million FY 2014 FY 2013* Change Change in local currencies Hearing Devices 8,033 7,828 3% 5% Diagnostic Instruments % 11% Hearing Implants % 36% Total 9,346 8,959 4% 6% The strong growth achieved in our Hearing Implants business has improved the significance of the business activity, and revenue is now shown as a separate business activity *Revenue figures for 2013 are restated due to new accounting policies. 4
5 The William Demant Group Revenue by geographic region Change in local DKK million FY 2014 FY 2013* Change currencies Europe 3,683 3,350 10% 10% North America 3,746 3,712 1% 3% Oceania % 5% Asia % 7% Other countries % 6% Total 9,346 8,959 4% 6% Strong growth achieved in Europe *Revenue figures for 2013 are restated due to new accounting policies. 5
6 Hearing Devices
7 Hearing instrument market 2014 Encouraging global unit growth of 5 6% p.a. exceeding our normal expectations of 3 4% unit growth The US hearing aid market delivered 5% unit growth in 2014 Veterans Affairs (VA) in the US grew by as much as 10% The unit growth rate in the private sector of the US market was well over 3% European unit growth rate is estimated to be in the high single digits A considerable part of this growth in units can be attributed to reimbursement changes in Germany Continued strong growth in the Asian region, except for Japan which saw slightly negative development In terms of value, the overall market growth rate was slightly positive The average selling price on the hearing aid market declined by 4 5% in 2014, primarily due to channel, product and country mix changes as well as changed market dynamics in the US 7
8 Hearing Devices 2014 business highlights First half year dominated by strong growth in our German business, due to favourable market conditions, however, opposite negative market conditions where observed in the US market Second half dominated by change in US market dynamics, leading to important growth with independents Commercial initiatives launched in first half 2014 leading to improved momentum in units sales Negative development for Bernafon with Costco Veterans Affairs market share run rate increased from 8% to 10% in 2014 Overall, the Group experienced negative ASP development due to channel and product mix changes as well as a revised commercial strategy in the US 8
9 Hearing Devices 2014 financial highlights Overall revenue growth rate of 5% in local currencies in 2014 especially strong in the second half of the year Our core business the development, manufacture and wholesale of hearing aids realised an organic growth rate of 2% in 2014 This growth was driven by a satisfactory unit growth rate of 8% The Group s hearing aid wholesale ASP saw a decline of more than 5% Our continuous efficiency improvements have counterbalanced the gross margin pressure 9
10 Helping the brain makes sense of sound Oticon improves 10
11 Introducing the Inium Sense Platform Our new engine New system architecture 30% more processing power Fully wireless Minimal power consumption 11
12 Inium Sense Improved speech understanding with the new Soft Speech Booster Facts on soft sounds Soft Speech Booster is relevant for 75% of the moments of life Average sound levels above 1.5 khz 75% 25% higher than 50 db SPL less than 50 db SPL New Soft Speech Booster TM Improves soft speech understanding by up to 20% Improves speech understanding by 6%* in average 80% of normal speech signals are soft sounds in the spectrum above 1.5 khz Speech levels above 1.5 khz 80% 20% Normal > 50 db SPL Soft < 50 db SPL 12 * Alta2 compared to Alta
13 Inium Sense Monitors and reduces feedback four times faster than previous solutions Any audible feedback is instantly removed while maintaining audibility across all frequency channels 13
14 Inium Sense Tinnitus treatment with Ocean Sounds New Oticon Tinnitus SoundSupport TM the most comprehensive Tinnitus solution on the market right now Unique on board Ocean Sounds preferred by a majority of Tinnitus patients 14
15 New minirite Modern look, smaller device, more discreet 15
16 Inium Sense Now water resistant Nano coated and IP58 certified water resistant instruments 16
17 Inium Sense Ultra low power wireless platform drives ultra discreet and invisible design! High performance with 10A and 312 battery Invisible IIC and ultra discreet CIC Stylish designrite and sleek minirite Continues binaural signal processing Full smartphone interaction and streaming capabilities No compromise on audiological performance Up to 105 db HL with minirite IIC (10A) CIC (10A) designrite (10A) minirite (312) 17
18 Inium Sense Available in all styles and at all price points! 18
19 Introducing Inium Sense The biggest launch ever ALL new products will be available in more than 80% of our markets, three weeks from today 19
20 Oticon Tinnitus sound app for iphone and Android Enhancing the most comprehensive connectivity solution on the market Beautiful and intuitive design Enhances the built in Tinnitus support of Alta2 Pro TI, Nera2 Pro TI and Ria2 Pro Ti Offers additional relief sounds and the opportunity to organise sounds Includes breathing and relaxation exercises Streaming from own music library as part of Tinnitus relief 20
21 Hearing Implants
22 Hearing Implants 2014 highlights On the path to becoming one of the world s leading manufacturers of hearing implants Successful integration of Neurelec into Oticon Medical adding continued value to and generating growth in the Group s Hearing Implant business Neurelec is now branded under the Oticon Medical name Continued increase in R&D and distribution costs to achieve continued high growth Revenue growth rate of 36% in local currencies 25% organic growth 22
23 Hearing Implants 2014 highlights Global distribution expanded and strengthened in 2014 Oticon Medical entered eight new markets in 2014 and is now active in more than 40 markets In the key growth markets, the US and China, regulatory approval of our CI products is still pending 23
24 Cochlear implant system (CI) 2015 will see the most comprehensive launch activities ever undertaken by Oticon Medical In 2014, cochlear implant sales grew significantly, with a few markets showing particularly strong growth We have successfully outgrown the market in 2014 Entered new markets in the Middle East, Asia and South America Upgraded production facility and significantly increased production capacity In 2015, we will reach a major milestone with the launch of the first Oticon Medical CI system 24
25 Bone anchored hearing system (BAHS) Strong momentum entering 2015 BAHS sales developed favourably in 2014, driven especially by the UK, the Netherlands and Denmark Second half year sales in the US picked up significantly, after uncertainty regarding Medicare reimbursement was resolved In 2015, we will launch a new surgery concept making the procedure; Faster More cosmetically attractive Fully reversible In 2015, we will also launch the first Ponto App to enable users to adjust their sound processor, using an iphone or an Android phone together with the ConnectLine Streamer 25
26 Diagnostic Instruments
27 Diagnostic Instruments 2014 business highlights 10% organic growth in 2014 Growth driven by audiometers, balance equipment and equipment for newborn hearing screening Diagnostic Instruments has significantly increased their market share in 2014 Global market for diagnostic equipment is estimated to have grown by 5% Impressive growth achieved despite bottleneck issues in 2014 Most of the issues relate to the first half of 2014, and the majority of the issues were resolved in the second half of 2014 Delivery situation is expected to be normal again in the first half of 2015 Maico EasyScreen½ 27
28 Diagnostic Instruments 2015 highlights In 2015, the Group will continue to focus on integrating and developing the businesses already acquired We expect the multiple product introductions in 2014 and also the introductions planned for 2015 to support this growth In 2015, Interacoustics headquarters will move to Middelfart, Denmark Interacoustics EyeSeeCam vhit 28
29 Other business areas
30 Sennheiser Communications Anotheryearof market share gains 16% organic revenue growth in 2014, thereby exceeding the market growth rate The underlying sales growth in 2014 was even higher due to the one off sale of inventory in 2013 Growth especially driven by Unified Communication Significantly strengthened product portfolio and global distribution to drive growth going forward DKK million Revenue* Gross profit Gross profit margin 48.4% 50.8% Capacity costs Operating profit (EBIT) EBIT margin 26.7% 26.5% Tax on profit for the year Profit for the year William Demant Holding share of profit, 50% *Sales to Sennheiser sales companies and other distributors 30
31 Exclusive negotiations to acquire controlling stake in Audika Highlights and investment rationale One of France s leading providers of hearing care services A well managed and profitable business Ownership structure Alain and Jean Claude Tonnard European Capital S.A. (Private equity) Strong historical profitability on a par with industry leading peers 61% 39% Purchase price of EUR per share, representing a 32% premium on top of the closing price as of 16 February 2015 (EUR 13.50) Holton SAS 54%* Free float listed on Euronext Paris 46% If successful, William Demant is committed to commencing a mandatory public tender offer for the remaining 46.1% of Audika s share capital outstanding Based on a price of EUR per share, the entire transaction will amount to an equity value of EUR 168 million *William Demant intends to acquire 53.9% of the share capital of Audika Group SA (Audika) from the controlling shareholder Holton SAS, at a price of EUR per share. 31
32 Group financial highlights
33 Financial highlights 2014 EPS growth of 5% within guided range of 2 7% underlying EPS growth of 11% In 2014, group revenue totaled DKK 9,346 million resulting in 6% growth in local currencies Despite pressure on ASP the Group has managed to improve efficiency and the Group gross profit margin maintained at 72.9% (72.8% in 2013) Underlying EBIT growth of 7%, adjusted for; Negative exchange rate effect of DKK 50 million on operating profit One off loss on a customer loan of DKK 40 million Free cash flow increased by 28%, reaching DKK million In 2014, the acquisition related fair value adjustments amounted to DKK 95 million (DKK 96 million in 2013) 33
34 Restatement of 2013 financial figures 2013 income statement 1. Change in accounting policies and reporting principles The Group s joint venture (Sennheiser Communication) is now recognised, using the equity method, due to the implementation of IFRS 10 and 11 and IAS Error in prior period financial figures Inaccuracies identified in acquired retail entities, resulting in adjustments of certain balance sheet items. DKK 31 million relates to prior period errors and has in compliance with IAS 8 been restated in 2013 financial figures 2013 According to Annual Effect of Restated 2013 DKK million Report 2013 restatements Financial figures Revenue 9, ,959 Gross Profit 6, ,518 Research and development costs Distribution costs 3, ,652 Administrative expenses Share of profit, associates Operating profit (EBIT) 1, ,736 Profit before tax 1, ,664 Tax on profit for the period Profit for the period 1, ,286 Earnings per share (EPS), DKK
35 Income statement FY 2014 Adjusted profit margin of 19.6% DKK million ** Change Change in local currencies Revenue 9, % 6% Gross profit 6,813 6,518 5% Gross profit margin 72.9% 72.8% Research and development costs % 7% Distribution costs 3,877 3,652 6% 8% Administrative expenses % 3% Share of profit, associates Reported operating profit (EBIT) 1,761 1,736 1% Reported profit margin (EBIT margin) 18.8% 19.4% Adjusted profit margin (EBIT margin)* 19.6% Profit for the period 1,327 1,286 3% Earnings per share (EPS), DKK % Adjusted earnings per share (EPS), DKK* % 35 *Adjusted for the negative exchange rate effect of DKK 50 million and the one off loss on a customer loan of DKK 40 million **Restated
36 Cash flow FY 2014 Free cash flow increased by 28%, reaching more than DKK 1 billion DKK million H H2 2013* FY 2014 FY 2013* Operating profit (EBIT) ,761 1,736 CFFO ,495 1,282 CFFI, excluding acquisitions Free cash flow (FCF) , Acquisitions ,176 Buy back of shares Other financing activities Net cash flow for the period Cash conversion ratio** 85% 64% 85% 74% *Restated ** Cash conversion: CFFO/EBIT. 36
37 Balance sheet Steady balance sheet development Assets DKK million * Intangible assets 3,896 3,615 Property, plant and equipment 1,664 1,488 Other non current assets 1,610 1,453 Non current assets 7,170 6,556 Equity and liabilities DKK million * Equity 5,584 5,056 Non current liabilities Current liabilities 5,182 4,649 Total equity and liabilities 11,219 10,318 Inventories 1,203 1,142 Receivables etc. 2,403 2,292 Cash Current assets 4,049 3,762 Total assets 11,219 10,318 Net interest bearing debt of DKK 2,405 million as of 31 December 2014 This rise of DKK 121 million in net interest bearing debt can mainly be attributed to exchange rates and a higher business activity level *Restated 37
38 2015 highlights
39 2015 highlights Major undertakings in 2015 adding value for the Group in the medium to long term Major global product launch by Oticon, marking the biggest platform launch ever; products will from the very start be globally available in all styles and at all price points Continued launches of new innovative products across all business areas Expanding in Hearing Implants, driven by R&D and distribution activities Continued effort to improve the Group s efficiency through the entire value chain Build and implement a new global ERP system Establish shared services for our back office functions Further centralise our ITE production and repair services Put our new global distribution centre in Poland into operation Expected global growth in hearing aid market of 3 4% in units and flat to slightly positive in terms of value However, expected headwind from negative growth in Germany, could impact global growth 39
40 Outlook 2015 Expected revenue growth in all business activities in 2015 Efficiency improvements continue Building the future growth platform in Hearing Implants continues 4 5% positive foreign exchange rate impact on reported Group revenue in 2015 The positive exchange rate impact on the Groups earnings will be partly offset by the translation of the Groups Swiss R&D cost base share buyback programme to continue All in all, based on the Group s expected revenue growth in 2015 and on our continued efforts to improve our efficiency and to build a future growth platform in Hearing Implants, we guide for an operating profit (EBIT) for 2015 in the range of DKK 1,7 2,0 billion 40
41 Save the dates 41
42 42 Q&A
43 IR contacts Investors and analysts are welcome to contact Stefan Ingildsen Senior Vice President, Finance Tel.: Mob.: Søren B. Andersson Vice President, Investor Relations Tel.: Mob.: Rasmus Sørensen Investor Relations Officer Tel.: Mob.: by phone or by e mail to william@demant.com. 43
William Demant Holding Annual Report 2017
William Demant Holding Annual Report 2017 22 February 2018 Agenda Highlights 2017 Hearing Devices Hearing Implants Diagnostic Instruments Personal Communication Strategic initiatives Financials Outlook
More informationInterim Management Statement
Interim Management Statement Covering the period year-to-date 6th November 2018 Our vision is to make a lifechanging difference to people living with hearing loss 2 Key take-aways Key take-aways year-to-date
More informationCompany announcement no August 2013
Company announcement no 2013 08 14 August 2013 Improved earning momentum in first half year despite difficult conditions in several markets As expected substantial contribution to corporate growth by Oticon
More informationWilliam Demant Holding A/S
William Demant Holding A/S Investor Presentation ti September 2009 Agenda Highlights first half 2009 Hearing aid market status Update on the Group s Hearing Aid business Product update Other businesses
More informationCompany announcement no Interim Report August 2018
Company announcement no 2018-08 Interim Report 2018 15 August 2018 Hearing aid wholesale delivered strong organic growth of 11% and expands industry-leading product portfolio Growth in local currencies
More informationThe front cover shows images from Oticon s Speech Guard E technology film. Speech Guard E, which is available in Oticon s Premium hearing solutions,
23 Annual report The front cover shows images from Oticon s Speech Guard E technology film. Speech Guard E, which is available in Oticon s Premium hearing solutions, Alta, Alta Pro and Sensei Pro, preserves
More informationCompany announcement no
Company announcement no 2017-07 Interim Report 2017 14 August 2017 Market share gains in wholesale of hearing aids, with organic growth of 11% driven by Oticon Opn Group organic growth of 8% due to innovative
More informationsummary of Annual report
summary of Annual report 2013 Building a unique position in hearing healthcare Dear reader, With Oticon s introduction of a new technological platform, Inium, in early 2013 and also the launch of a new
More informationThe Chairman s report at William Demant Holding A/S annual general meeting on Thursday 7 April 2016 at 4 pm
The Chairman s report at William Demant Holding A/S annual general meeting on Thursday 7 April 2016 at 4 pm 2015 was a good year, so it is with great pleasure that the Board of Directors looks back on
More informationWe keep improving and innovating our customer-facing activities.
Annual Report We keep improving and innovating our customerfacing activities. To ensure that the growing ageing population can continue to take care of themselves and interact in increasingly complex and
More informationI n t e r i m R e p o r t J a n u a r y 3 0 J u n e
I n t e r i m R e p o r t 2 0 0 9 1 J a n u a r y 3 0 J u n e 09 Key figures and financial ratios 1st half 2009 2nd half 2008 1st half 2008 Percentage change Full year 2008 Income statement, DKK million
More informationsummary of annual report 2011
summary of annual report 2011 strong GroWtH In a stable market Dear reader 2011 was another good year for the William Demant Group. So good in fact that our wholesale of hearing aids generated unit growth
More informationFinancial review. Continuous organic growth. Strong growth in the EMEA region. Positive operating margin development
66 Financial review Sonova generated record sales of CHF 2,35.1 million in 214 / 15, an increase of 4.3 % in reported Swiss francs or 6.2 % in local currencies. Group EBITA rose by 5.9 % in reported Swiss
More information1 January - 30 June. William Demant Holding A/S
I n t e r i m R e p o r t 2 0 0 0 1 January - 30 June Interim Report 2000 At a meeting today, the Board of Directors of reviewed and adopted the interim financial statements for the period 1 January through
More informationCOCHLEAR FINANCIAL RESULTS FOR THE SIX MONTHS ENDED DECEMBER 2018
ASX Announcement 19 February 2019 COCHLEAR FINANCIAL RESULTS FOR THE SIX MONTHS ENDED DECEMBER 2018 The business delivered an increase in in sales revenue of 11% and net profit of 16% for the half Reported
More informationThe Ponto has increased my capabilities, my gifts and passions
ANNUAL REPORT 27 About the front cover Bone anchored hearing systems (BAHS) like Ponto are designed to use your body s natural ability to transfer sound through bone conduction. The implanted part is discreetly
More informationCompany announcement no February 2018 Publication of Annual Report 2017
Company announcement no 28 2 22 February 28 Publication of Annual Report 27 Organic growth of 9% in Group revenue, with strong performances by all business activities Hearing aid wholesale generated organic
More information1 January - 30 June. William Demant Holding A/S
I n t e r i m R e p o r t 2 0 0 3 1 January 30 June William Demant Holding A/S Key figures and ratios GROUP Profit and loss account,dkk million Net revenue 1,903.3 1,976.8 4% 3,923.7 Gross profit 1,254.7
More informationCOCHLEAR FINANCIAL RESULTS FOR YEAR ENDED JUNE 2017
ASX Announcement 17 August 2017 COCHLEAR FINANCIAL RESULTS FOR YEAR ENDED JUNE 2017 Cochlear s market leadership position has strengthened with market growth and market share improvements throughout the
More informationFINANCIAL REPORT. Semi-Annual Report
FINANCIAL REPORT Semi-Annual Report 2017 18 Highlights & key figures First half 2017 18 In the first half of fiscal year 2017/18, the Sonova Group achieved strong growth across all businesses, driven by
More informationFor personal use only
ASX / Media release 9 August 2016 COCHLEAR FINANCIAL RESULTS FOR THE YEAR ENDED JUNE 2016 Positive momentum continues with sales revenue exceeding $1 billion Sales revenue up 23% (12% in constant currency)
More informationFor personal use only
ASX / Media release 14 February 2017 COCHLEAR FINANCIAL RESULTS FOR THE SIX MONTHS ENDED DECEMBER 2016 Positive momentum continues across all markets Net profit of $111.4m, up 19% Cochlear implant units
More informationSummary Report
Summary Report 2015 16 Highlights 2015 16 5.8 % sales growth for the Sonova Group in local currencies Consolidated sales for the Sonova Group were CHF 2,072 million, an increase of 5.8 % in local currencies.
More informationFY17 Result Presentation 17 August 2017
FY17 Result Presentation 17 August 2017 Chris Smith Dig Howitt Brent Cubis CEO President CFO FY17 Result highlights Strong momentum across the business CC sales revenue 12% with strong H2 momentum, 15%
More informationSummary Report
Summary Report 2016 17 Highlights 2016 17 Sonova Group: 15.3 % sales growth in local currencies Consolidated sales for the Sonova Group were CHF 2,396 million, an increase of 15.3 % in local currencies
More informationFull-Year 2017/18 Results Stäfa, May 22, 2018 Arnd Kaldowski, CEO Hartwig Grevener, CFO Thomas Bernhardsgrütter, IR
Full-Year 2017/18 Results Stäfa, Arnd Kaldowski, CEO Hartwig Grevener, CFO Thomas Bernhardsgrütter, IR Disclaimer This presentation contains forward-looking statements, which offer no guarantee with regard
More informationFull-Year 2016/17 Results Stäfa, May 16, 2017 Lukas Braunschweiler CEO, Hartwig Grevener CFO, Thomas Bernhardsgrütter IR
Full-Year 2016/17 Results Stäfa, Lukas Braunschweiler CEO, Hartwig Grevener CFO, Thomas Bernhardsgrütter IR Disclaimer This presentation contains forward-looking statements, which offer no guarantee with
More informationSEMI-ANNUAL REPORT
SEMI-ANNUAL REPORT 2013 14 HIGHLIGHTS & KEY FIGURES SONOVA GROUP KEY FIGURES FIRST HALF 2013 / 14 in CHF m unless otherwise specified 1H 2013 / 14 1H 2012 / 13 Change in % Sales 947.8 872.4 8.6 % EBITA
More informationFINANCIAL REPORT. Semi-Annual Report
FINANCIAL REPORT Semi-Annual Report 2018 19 Highlights & key figures First half 2018 19 Sonova Group: up 4.0 % in CHF Consolidated sales in the first half of the fiscal year 2018 / 19 were CHF 1,303.3
More informationGN Store Nord. Goldman Sachs European Medtech and Healthcare Services Conference. CEO GN ReSound Mike van der Wallen London, September 2, 2009
GN Store Nord Goldman Sachs European Medtech and Healthcare Services Conference CEO GN ReSound Mike van der Wallen London, September 2, 2009 Safe Harbour Statement The forward-looking statements in this
More informationFINANCIAL REPORT. Semi-Annual Report
FINANCIAL REPORT Semi-Annual Report 2016 17 Highlights & key figures First half 2016 17 In the first half of fiscal year 2016 / 17, the Sonova Group achieved a solid performance with sales lifted by both
More informationSivantos Investor Presentation H1 FY2017
Sivantos Investor Presentation H1 FY2017 Ignacio Martinez, CEO Dr Wolfgang Ollig, CFO 06 June 2017 Sivantos 2015 All rights reserved/restricted. Disclaimer This document contains statements related to
More informationFinancial reporting. Financial review year key figures 86. Consolidated financial statements 88
Financial reporting Financial review 80 5 year key figures 86 Consolidated financial statements 88 Consolidated income statements Consolidated statements of comprehensive income Consolidated balance sheets
More informationInterim Report Q Conference call November 2, 2017
Interim Report Q3 2017 Conference call November 2, 2017 Safe Harbor Statement 2 The forward-looking statements in this interim report reflect the management's current expectations of certain future events
More informationInterim Report Q Conference call presentation May 2, 2018
Interim Report Q1 2018 Conference call presentation May 2, 2018 1 Safe Harbor Statement The forward-looking statements in this report reflect the management's current expectations of certain future events
More information2018 COCHLEAR LIMITED. Tax Contribution Report
2018 COCHLEAR LIMITED Tax Contribution Report Table of Contents 1 Chief Financial Officer statement... 2 2 Cochlear Limited... 3 3 Cochlear Group tax strategy and governance... 4 3.1 Approach to risk management
More informationShareholder Letter To the shareholders of Sonova Holding AG
Shareholder Letter To the shareholders of Sonova Holding AG 22 May 2012 Dear Shareholders We are pleased to present the financial results of Sonova Holding AG for the 2011/12 financial year. Despite significant
More informationInterim Report per September 30, The Art and Science of Better Hearing
Interim Report per September 30, 2005 The Art and Science of Better Hearing Highlights Sales increase by 23% (in local currencies and in CHF) to CHF 399 million Market share gains in all major markets
More informationStäfa, November 13, 2017 Lukas Braunschweiler, CEO Arnd Kaldowski, COO Hartwig Grevener, CFO. Half-Year 2017/18 Results
Stäfa, Lukas Braunschweiler, CEO Arnd Kaldowski, COO Hartwig Grevener, CFO Half-Year 2017/18 Results Disclaimer This presentation contains forward-looking statements, which offer no guarantee with regard
More informationFor personal use only
FY16 Result Presentation 9 August 2016 Chris Smith Neville Mitchell Chief Executive Officer & President Chief Financial Officer FY16 Result highlights Sales revenue 23% (12% in CC) to $1.2 billion Growth
More informationFor personal use only
Cochlear Limited Results for the full year ended 30 June 2013 (F13) Chris Roberts, CEO Neville Mitchell, CFO Cochlear Overview Cochlear Limited (ASX:COH) is the global leader in implantable hearing devices
More informationAMBU 2015/16 AHEAD OF TARGETS. Investor update
AMBU 2015/16 AHEAD OF TARGETS Investor update Financial highlights DKKm 2015/16 2014/15 2013/14 2012/13 2011/12 Key figures Revenue 2,084 1,889 1,584 1,383 1,045 EBITDA before special items 458 332 286
More informationFinancial Information
Accelerating & profit in H1: Revenue up +4% reported, Adj. EBITA +8%, Net Income +18%, FCF +15% H1 revenue of 12.2bn, +2.7% organic, +4.1% outside Infrastructure H1 adj. EBITA margin up 60bps 1 org., to
More informationTHE NEW FREEDOM IN BUSINESS COMMUNI CATIONS.
THE NEW FREEDOM IN BUSINESS COMMUNI CATIONS. Interim report Q3 2018 KEY FIGURES Business customers 20,000 + Development of seats 305,000 + Revenue 9 months 2018 EUR 31.2 M Share of recurring revenue 81
More informationNordea Hearing Aid Seminar
Nordea Hearing Aid Seminar CEO, GN ReSound CFO, GN Store Nord Lars Viksmoen Anders Boyer Copenhagen, May 30, 2011 Agenda Strategy ReSound Alera Q1 performance Financial Outlook & Targets 2 Slide 2 GN ReSound
More informationFor personal use only
Cochlear Limited Results for the full year ended 30 June 2014 (F14) Chris Roberts CEO Neville Mitchell CFO Cochlear Overview Cochlear Limited (ASX:COH) is the global leader in implantable hearing devices:
More informationInterim Report Q Conference call May 4, 2017
Interim Report Q1 2017 Conference call May 4, 2017 Safe Harbor Statement 2 The forward-looking statements in this interim report reflect the management's current expectations of certain future events and
More informationInterim report for Q3 2013/14 (1 April - 30 June)
Interim report for (1 April - 30 June) Organic growth in revenue of 8% and gross margin improved to 51.6%. EBIT increased by 41% to DKK 55m. The outlook for the year is maintained, and the estimated growth
More informationFull-Year 2015/16 Results. Stäfa, May 18, 2016, Lukas Braunschweiler, CEO & Hartwig Grevener, CFO
Full-Year 2015/16 Results Stäfa, May 18, 2016, Lukas Braunschweiler, CEO & Hartwig Grevener, CFO Disclaimer This presentation contains forward-looking statements, which offer no guarantee with regard to
More informationInvestor Meeting Presentation
Investor Meeting Presentation November 2014 Investor Meeting Presentation HUGO BOSS November 2014 2 / 54 Agenda Update on Key Strategic Initiatives Nine Months Results 2014 Outlook Investor Meeting Presentation
More informationReport for Q3 2006/07 (1 April - 30 June 2007)
Report for (1 April - 30 June 2007) Ambu saw a high level of activity in, but the decision not to go ahead with heavily discounted sales to a number of large customers in the USA means that, as announced
More informationInterim report for Q2 2014/15 and for the period 1 October March 2015
Interim report for Q2 and for the period 1 October 2014-31 March 2015 increases revenue to DKK 483m. Organic growth of 9% was recorded in local currencies, and of 20% in Danish kroner. The outlook for
More informationInterim report for the period 1 June February 2005 for Bang & Olufsen a/s
Copenhagen Stock Exchange Nikolaj Plads 6 1067 Copenhagen K Translation Struer, 13 April 2005 Interim report for the period 1 June 2004 28 February 2005 for Bang & Olufsen a/s The third quarter recorded
More informationA n n u a l R e p o r t
Annual Report 26 26 at a glance Management s review Key figures and financial ratios 4 Review 6 Shareholder information 18 Corporate governance 2 Risk management activities 22 Board of Directors and Executive
More informationUponor Corporation Stock exchange release 3 Aug :00 JANUARY-JUNE 2006: UPONOR REPORTS CONTINUED STRONG DEVELOPMENT
Uponor Corporation Stock exchange release 3 Aug. 11:00 JANUARY-JUNE : UPONOR REPORTS CONTINUED STRONG DEVELOPMENT - Net sales and results remained strong in the second quarter - Net sales (January-June)
More information1 st Half-year, 2014 Danfoss delivers good half-year results
1 st Half-year, 2014 Danfoss delivers good half-year results www.danfoss.com www.danfoss.com Danfoss at a glance Danfoss is a world-leading supplier of technologies that meet the growing need for food
More informationGood results in a challenging year at a glance 6. Management s review. Key figures and financial ratios 8. Review 10
Good results in a challenging year 5 28 at a glance 6 Management s review Key figures and financial ratios 8 Review 1 Shareholder information 22 Risk management activities 24 Corporate responsibility 26
More information1 st Quarter, 2014 Danfoss delivers strong first quarter
1 st Quarter, 2014 Danfoss delivers strong first quarter www.danfoss.com www.danfoss.com Danfoss at a glance Danfoss is a world-leading supplier of technologies that meet the growing need for food supply,
More informationInvestor 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 informationRefresco Gerber reports solid 2015 results and delivers on strategic goals
Press release March 10, 2016 Refresco Gerber reports solid 2015 results and delivers on strategic goals Key indicators: Volume in full year 2015 increased 2.1% to 6,095.5 million liters (FY 2014: 5,968.9
More informationFinancial Information
Financial Information H1 revenues reached 12.8bn up 9.8%, flat org. in Q2 Adj. EBITA reached 1.6bn, up 6.4%, Adj. EBITA margin flat excl. Invensys in a challenging environment 2015 targets: Around flat
More informationGroup revenue of 17.0 billion, an increase of 9.0%, with organic growth of 4.4%
news release VODAFONE GROUP PLC HALF-YEARLY FINANCIAL REPORT FOR THE SIX MONTHS ENDED 30 SEPTEMBER Embargo: Not for publication before 07:00 hours 13 November Key highlights (1) : Group revenue of 17.0
More informationGERRY WEBER International AG Interim report Q2 2010/2011. Report on the six-month period ended 30 April 2011 WKN: ISIN: DE
GERRY WEBER International AG Interim report Q2 2010/2011 Report on the six-month period ended 30 April 2011 WKN: 330 410 ISIN: DE0003304101 The GERRY WEBER share Gaining roughly 27 percent, the GERRY WEBER
More informationInterim report as per March 31, 2017
Interim report as per March 31, 2017 Key financial figures Sales (in keur) Operating income (in keur) Financial income (in keur) 2013 7,978 2014 11,063 2015 13,659 2016 14,425 2017 14,795 3M 2017 14,795
More informationInterim report for 1 january 31 march 2016
COMPANY ANNOUNCEMENT NO 21/2016 27 APRIL 2016 Interim report for 1 january 31 march 2016 As expected, higher Q1 earnings in 2016 than in 2015 Earnings before interest and tax (EBIT) for Q1 were DKK 7 million
More informationNet interest-bearing debt at 30 September 2016 was DKK million (30 September 2015: DKK 476 million).
H+H International A/S Interim financial report Company Announcement No. 343, 2016 H+H International A/S Dampfærgevej 3, 3rd Floor 2100 Copenhagen Ø Denmark Tel. +45 35 27 02 00 info@hplush.com www.hplush.com
More informationStrong performance in a challenging environment
Investor Relations News February 20, 2014 Henkel delivers on 2013 financial targets Strong performance in a challenging environment Solid organic sales growth of 3.5% Sales impacted by foreign exchange
More informationInterim financial report 2013
MAKING MODERN LIVING POSSIBLE Interim financial report 2013 Danfoss delivers strong results in a flat market www.danfoss.com Contents Danfoss delivers strong results in a flat market...3 Financial highlights...4
More informationRelease no Report on the first 9 months of 2014 To NASDAQ Copenhagen A/S
Page 1/11 20 November 2014 for Today the Board of has discussed and approved the following report on the first 9 months of 2014. Highlights Sales in the first 9 months of 2014 at actual exchange rates
More informationSteady improvement in profitability. Higher Group EBIT, strong increase in net income and cash flow
Steady improvement in profitability Higher Group EBIT, strong increase in net income and cash flow Double-digit growth continues in core division orders and revenues Higher EBIT led by 54-percent increase
More informationKONE s Interim Report for January June 2013
New KONE UltraRope technology raises tall buildings to new heights. KONE s Interim Report for January June 2013 The innovative KONE UltraRope will revolutionize the way tall buildings are designed and
More informationStatement on the first 9 months of 2018
Statement on the first of 2018 Landsberg am Lech, 30 October 2018 2 RATIONAL AG Statement on the first of 2018 RATIONAL AG on a successful path again in the third quarter of 2018 10% growth in sales revenues
More informationYamaha Corporation Analyst and Investor Briefing on the Second Quarter of the Fiscal Year Ending March 31, 2014 (FY2014.3) November 1, 2013
Yamaha Corporation Analyst and Investor Briefing on the Second Quarter of the Fiscal Year Ending March 31, 2014 () November 1, 2013 Overview of Performance in the First Half of (Six Months) Results Summary
More informationGrowing opportunities. Half Year Report 2012
Growing opportunities Half Year Report 2012 Dear Shareholder I am pleased to provide you with extracts from our half year report lodged with the Australian Securities Exchange on 7 February 2012. Highlights
More informationINTERIM FINANCIAL REPORT H Company Announcement no. 704
INTERIM FINANCIAL REPORT H1 2018 Company Announcement no. 704 1 August 2018 Selected financial and operating data for the period 1 January - 30 June 2018 (DKKm) Q2 2018 Q2 2017 YTD 2018 YTD 2017 Net revenue
More informationAnnual 2014 Report. Insert URL here.
Annual 2014 Report Danfoss Financial lorem highlights ipsum in dolorem EURO 2014 Insert URL here www.danfoss.com FIND US HERE: DANFOSS.COM www.facebook.com/danfoss www.twitter.com/danfoss http://plus.google.com/+danfoss
More informationGrandVision Full Year 2017 Results. 28 February 2018
GrandVision Full Year 2017 Results 28 February 2018 1 Forward looking statements This presentation contains forward-looking statements that reflect GrandVision s current views with respect to future events
More informationFinancial review. Continuous organic growth. Strong growth in the EMEA region. Positive operating margin development
66 Financial review Sonova generated record sales of CHF 2,035.1 million in 2014 / 15, an increase of 4.3 % in reported Swiss francs or 6.2 % in local currencies. Group EBITA rose by 5.9 % in reported
More informationInterim Report and Accounts
Interim Report and Accounts FOR THE SIX MONTHS ENDED 30 SEPTEMBER Mulberry Interim Report and Accounts Six months ended OPERATING HIGHLIGHTS New venture agreed with Onward Global Fashion Co., Limited
More informationQ1 Interim Report 2007
This publication is available in Danish and English. In case of any discrepancies, the Danish version shall be the governing text. May 3, 2007 ANNOUNCEMENT No.: 15 Q1 Interim Report 2007 First Quarter
More informationQ Press Release
Q3 2018 Press Release Contents Executive summary - Double digit revenue growth with 14.2% EBIT... 2 Financial highlights Q3 2018... 2 Business highlights... 4 Marel to raise a Schuldschein borrowers note...
More informationInterim report for the period 1 June 30 November 2008 for Bang & Olufsen a/s
Interim report for the period 1 June 30 November 2008 for Bang & Olufsen a/s For the first half of the 2008/09 financial year, the Group s turnover totalled DKK 1,533 million against last year s DKK 2,166
More informationFirst Half 2007 Management Report
First Half 2007 Management Report H1 2007 key figures in millions of euros H1 2006 H1 2007 07/06 as published 07/06 ex.currency Total revenue 5,483 5,629 +2.7% +6.3%* Operating income recurring 807 856
More informationKONE s interim report for January June 2016 JULY 19, 2016 HENRIK EHRNROOTH, PRESIDENT & CEO
KONE s interim report for January June 2016 JULY 19, 2016 HENRIK EHRNROOTH, PRESIDENT & CEO Figures Key figures for for January June 2016 Q2 2016 Key figures STRONG EXECUTION AND PROFITABLE SALES GROWTH
More informationInterim report for Q1 2014/15 (1 October - 31 December)
Interim report for 2014/15 (1 October - 31 December) continues to consolidate its global market position, posting revenue of DKK 388m and organic growth of 13% in Danish kroner, and 9% in local currencies.
More informationSivantos Investor Presentation
Sivantos Investor Presentation Dr. Roger Radke, CEO Jens Due Olsen, CFO 6 June 2016 Sivantos 2015 All rights reserved/restricted. Disclaimer This document contains statements related to our future business
More informationSegmental operating profit 227.7m Down 17% 1. Reported earnings per share 59.8p Down 4%
Highlights Revenue 1,649m Down 5% 1 Segmental operating profit 227.7m Down 17% 1 Segmental operating margins 13.8% Down 160bps Operating cash flow 2 246m Up 6% Reported earnings per share 59.8p Down 4%
More informationINTERIM REPORT FIRST HALF YEAR
INTERIM REPORT 2008 FIRST HALF YEAR Contents 3 Letter to shareholders 7 Interim consolidated balance sheet 8 Interim consolidated income statement 9 Interim consolidated statement of changes in shareholders
More informationMAKING MODERN LIVING POSSIBLE Q Danfoss delivers solid Q1 performance.
MAKING MODERN LIVING POSSIBLE Q1 2013 Danfoss delivers solid Q1 performance www.danfoss.com Contents Highlights from the first quarter 2012...3 Financial highlights...4 Danfoss delivers solid Q1 performance...5
More informationFINAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 MARCH 2010 FINANCIAL HIGHLIGHTS. Own stores number reached 764, increased by 11.
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationQ3 Earnings Release/2003
This publication is available in Danish and English. In case of any discrepancies, the Danish version shall be the governing text. November 5, 2003 Announcement No. 18 Q3 Earnings Release/2003 At a meeting
More informationFY16 YEAR END RESULTS 5 APRIL 2016
FY16 YEAR END RESULTS 5 APRIL 2016 DEFINITIONS AND IMPORTANT NOTICE The following definitions apply throughout Trading EBITDA (earnings before interest, tax, depreciation and amortisation): excludes exceptional
More information2014 Fourth Quarter & Full year Results
2014 Fourth Quarter & Full year Results Forward looking statements This document may contain forward-looking statements that may or may not prove accurate. For example, statements regarding expected revenue
More informationINTERIM REPORT SECOND QUARTER OF THE 2012/13 FINANCIAL YEAR. 09 January 2013
INTERIM REPORT SECOND QUARTER OF THE 2012/13 FINANCIAL YEAR 09 January 2013 DISCLAIMER This presentation does not constitute or form part of and should not be construed as, an offer to sell or issue or
More informationH FINANCIAL RESULTS. Milan September 18 th, 2018
H1 2018 FINANCIAL RESULTS Milan September 18 th, 2018 1 AGENDA H1 2018 Highlights o o o Group overview Results by business Outlook Financial results Appendix 2 H1 2018 Financial Highlights Organic sales
More informationBANG & OLUFSEN ANNUAL REPORT 2015/16 11 August 2016
BANG & OLUFSEN ANNUAL REPORT 2015/16 11 August 2016 DISCLAIMER This presentation does not constitute or form part of and should not be construed as, an offer to sell or issue or the solicitation of an
More informationInterim report for the period 1 June 31 August 2006 Announcement no Interim report for the period 1 June 31 August 2006 for
The Copenhagen Stock Exchange Nikolaj Plads 6 1067 Copenhagen K Translation Struer, 6 October 2006 Interim report for the period 1 June 31 August 2006 for The Group s turnover for the first quarter of
More informationQ2 Revenue and First Half 2017 Results
Q2 Revenue and First Half 2017 Results Forward looking statements This document may contain forward-looking statements that may or may not prove accurate. For example, statements regarding expected revenue
More informationRoadshow Zurich // MainFirst. HUGO BOSS Company Handout August 6, Roadshow Zurich // MainFirst HUGO BOSS August 7, / 52
Roadshow Zurich // MainFirst HUGO BOSS Company Handout August 6, 2014 Roadshow Zurich // MainFirst HUGO BOSS August 7, 2014 2 / 52 Agenda Half Year Results 2014 Update on Key Strategic Initiatives Outlook
More informationRoadshow Scandinavia // equinet
Roadshow Scandinavia // equinet HUGO BOSS Company Handout August 12-14, 2014 Dennis Weber, Head of Investor Relations Roadshow Scandinavia // equinet HUGO BOSS August 12-14, 2014 2 / 52 Agenda Half Year
More information