Scandi Standard Q Presentation. 20 February 2018
|
|
- Baldwin Erick Ward
- 5 years ago
- Views:
Transcription
1 Scandi Standard Q Presentation 20 February 2018
2 Highlights Q % revenue growth ex. Manor Farm - 7% on a proforma basis MSEK 65 improvement in Adj. EBIT ex Manor Farm - Sweden still challenging but relieved by third party compensation - Strong performance in Denmark and Norway - Significant improvement in Finland Exceptionally strong Q4 for Manor Farm Strengthened balance sheet in the quarter - NIBD reduced by MSEK 47 Financial highlights MSEK Q Q Change Net sales 2, , % Adj. EBITDA % Adj. EBIT % Non comparable items % EBIT % Net income EPS*, SEK Op. cash flow* % NIBD 1, , % Adj. EBITDA % 8.8% 5.9% Adj. EBIT % 5.6% 2.2% SEK 1.80 per share dividend proposed to AGM - 33% increase from
3 Sweden - Adversely impacted by bird flu and soft demand 5% growth in net sales In spite of current campylobacter levels being at historic low, negative effects of 2017 issue remain - Continued supply demand imbalance leading to price pressure in Q4 - Soft chilled market to remain for some time Improved adj. EBIT - Bird flu effects MSEK 6 (MSEK 14) - Third party compensation of MSEK 12 - Additional MSEK 15 accounted for at Group level - No further compensation expected MSEK Q Q Change Change Net sales % 2, , % Adj EBIT % % Non comp. items EBIT % % Adj. EBIT margin 6.6% 4.7% 5.9% 7.3% Bird flu effect to remain similar in Q Non-comparable items mainly linked to shift from free range to organic production and plant adaption Valla Confident in normalisation during 2018 Note: Amortisation included on group level only 3
4 Denmark Good performance Stronger than normal growth and result - Exceptional orders from ready to eat client - High export prices Good momentum in premium concept under the brand of Danish Family Farms - Field sales team in place from January Combined with increased marketing investments MSEK Q Q Change Change Net sales % 2, , % Adj EBIT % % Non comp. items EBIT % % Adj. EBIT margin 5.2% 2.4% 4.8% 4.1% Strong growth in sales of ready to eat products with further opportunities - Investment project to expand capacity Majority of products remain subject to strong competition Weaker export prices in Q Note: Amortisation included on group level only 4
5 Norway Another strong quarter 2% net sales decline in local currency - Increase in retail sales - Rationalised food service product offering Continued strong performance - Strong and innovative product portfolio - Improved production efficiency MSEK Q Q Change Change Net sales % 1, , % Adj EBIT % % Non comp. items EBIT % % Adj. EBIT margin 8.3% 7.2% 8.2% 6.6% Growth expected to be in line with market in coming periods New listing of ready to eat products Note: Amortisation included on group level only 5
6 Ireland Exceptionally strong fourth quarter Stronger than normal result - Exceptionally strong margin in Christmas season Best practice initiatives initiated - Live operation - Procurement Investment programme to be defined during 1H 2018 MSEK Q Q Change Change Net sales % , % Adj EBIT % % Non comp. items EBIT % % Adj. EBIT margin 5.6% 3.7% 6.0% 5.9% Expecting moderate growth profile going forward Note: Amortisation included on group level only, pro-forma figures for
7 Finland Material improvement 29% growth in net sales Adj. EBIT improved by MSEK 12.3 from Q and MSEK 4.6 from Q Staff reduction - Better efficiency and yields - Improved product mix Approaching cash flow break even - High depreciation/sales ratio due to low utilisation rate - Low investments required at current level of utilisation MSEK Q Q Change Change Net sales % % Adj EBIT % % Non comp. items EBIT % % Adj. EBIT margin -8.9% -28.8% -13.1% -30.3% Strong focus on moving towards EBIT break even Note: Amortisation included on group level only 7
8 Income statement Strong growth in % both exclusive Manor Farm and on proforma basis 20% improvement in adj. EBIT ex. Manor Farm in % improvement on pro-forma basis Depreciation increasing following high investments in 2016 Higher amortisation mainly due to Manor Farm acquisition Non-comparable items - MSEK 19.2 Shift from free range to organic production and plant adaption Valla - MSEK 1.5 Org. restructuring Sweden - MSEK 4.0 Fire related costs Denmark MSEK Group Q Q Net sales 2, , , ,967.4 Adj. EBITDA Depreciation Amortisation Income from associates Adj. EBIT Non comparable items EBIT Finance costs (net) Taxes Income for the period
9 Cash flow Strong operating cash-flow Working capital increase Capital expenditure below depreciation MSEK Q Q Opening balance NIBD -1, , , ,313.0 EBITDA Change in working capital Capital expenditure Operating cashflow Paid interest Paid income tax Dividend Acquisition Other Closing balance NIBD -1, , , ,
10 Working capital and equity Working capital remains higher than normal - Particularly in Sweden Increased working capital in Manor Farm Excluding Manor Farm, NWC remained flat compared to Q NWC/Sales 7.5% (6.7% excluding Ireland) MSEK 31 december december 2016 Inventory Receivables 1, Payables -1, NWC as % of sales 7.5% 5.9% Equity 1, Equity/assets ratio 28.2% 27.8% 10
11 Summary Strong improvement in % Net Sales growth and 18% growth in adj. EBIT (pro-forma) Strong earning improvement in Q4 - Third party compensation for underlying challenges in Sweden - Profitable one-off order in ready to eat plant in Denmark combined with strong export prices - Continued strong performance in Norway and exceptionally strong Christmas sales mix in Ireland - Encouraging development in Finland approaching cash flow break even Market conditions to remain challenging in Sweden no further third party compensation expected Reduced export prices and investments to support premium range in Denmark Strong development in ready to eat segment - MSEK 150m in expansion of Danish ready to eat facility (Farre) Total investment plan of SEK 350 million in 2018 targeting working capital reduction SEK 1.80 per share dividend proposed (33% increase compared to last year) 11
12 Appendix I Bird flu, segments, pro-foma figures and noncomparable items 12
13 Continued impact from Birdflu Reduced impact from bird flu - MSEK 6 in the quarter - Q4 2016: MSEK 40m, Q1 2017: MSEK 18m, Q MSEK 13m, Q3 2017: MSEK 9 Expecting EBIT effect of SEK 1-3m per month in Q Diminishing effects thereafter Background - Detected in Sweden, Denmark and Finland from Nov Corresponding detections in large parts of Europe - 10 years since last outbreak - No direct impact on Scandi Standard s extended value chain - Important export markets mechanically ban import - Scandi Standard dependent on these markets for feet and surplus legs/wings - Set-back in Sweden due to new detection during Q2 - Trade restriction hence expected to remain for some time 13
14 Segment information by quarter Group (MSEK) Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Sales 1, , , , , , , , , , , , , , ,060.6 Sales growth 1% 3% -4% -3% 3% 3% 10% 6% 12% 12.0% 10% 15% 8% 16% 37% EBIT (Adj) EBIT margin 5.9% 4.9% 6.4% 5.2% 5.7% 5.1% 5.0% 4.9% 4.9% 4.8% 2.2% 2.2% 4.3% 4.6% 5.6% Sweden (MSEK) Sales Sales growth 17% 15% 3% 6% 8% 5% 17% 6% 11% 9.0% 2% 5% 3% 5% 5% EBIT (Adj) EBIT margin 5.8% 5.5% 6.9% 6.2% 7.7% 6.9% 6.6% 7.7% 8.4% 8.2% 4.7% 5.4% 5.4% 6.2% 6.6% Denmark (MSEK) Sales Sales growth 1% 9% 8% 7% 9% 1% -3% -6% 5% 8% 2% 6% 5% 3% 22% EBIT (Adj) EBIT margin 4.5% 4.2% 5.8% 5.6% 6.2% 6.5% 6.3% 5.2% % 2.5% 3.7% 4.7% 5.3% 5.2% Norway (MSEK) Sales Sales growth -22% -18% -28% -26% -9% -3% 15% 20% 26% 20.0% 21% 17% 6% 0% -7% EBIT (Adj) % EBIT margin 9.2% 7.9% 9.0% 4.8% 3.4% 5.3% 6.7% 6.1% 7.0% 5.8% 7.2% 8.0% 8.8% 7.8% 8.3% Finland (MSEK) Sales Sales growth % 345.0% 237% 157% 70% 29% EBIT (Adj) EBIT margin % -73.6% -44.4% -34.4% -23.5% -28.8% -17.9% -11.2% -15,8% -8.9% Ireland (MSEK) Sales Sales growth EBIT (Adj) EBIT margin % 5.6% 14
15 Pro-forma figures by quarter (Scandi Standard excl. Ireland) Historic accounts (MSEK) Q1'16 Q2'16 Q3'16 Q4'16 Q1'17 Q2'17 Q3'17 Q4'17 (excl IE) (excl IE) Net Sales 1, , , , , , , ,630.1 Adj. EBITDA Depreciation EBITA Amortisation Adj. EBIT Non-recurring items EBIT Net financial items EBT Tax Net income Number of shares EPS EPS excl. Amortisation (1) EBITDA margin 8.3% 8.2% 7.9% 5.9% 7.1% 7.6% 7.7% 9.2% Adj. EBIT margin 4.9% 4.9% 4.8% 2.2% 3.7% 4.3% 4.5% 6.0% 15
16 Pro-forma figures by quarter (Ireland only) Ireland (MSEK) Q1'16 Q2'16 Q3'16 Q4'16 Q1'17 Q2'17 Q3'17 Q4'17 Net Sales Adj. EBITDA Depreciation EBITA Amortisation Adj. EBIT Non-recurring items 18.6 EBIT Net financial items EBT Tax Net income Number of shares EPS EPS excl. Amortisation (1) EBITDA margin 7.2% 8.4% 9.2% 5.3% 6.9% 8.1% 7.8% 7.0% Adj. EBIT margin 4.0% 5.0% 6.0% 2.1% 3.8% 5.0% 4.7% 4.0% 16
17 Pro-forma figures by quarter (Scandi Standard incl. Ireland) Proforma (MSEK) Q1'16 Q2'16 Q3'16 Q4'16 Q1'17 Q2'17 Q3'17 Q4'17 Net Sales 1, , , , , , , ,060.6 Adj. EBITDA Depreciation EBITA Amortisation Adj. EBIT Non-recurring items EBIT Net financial items EBT Tax Net income Number of shares EPS EPS excl. Amortisation (1) EBITDA margin 8.1% 8.3% 8.2% 5.7% 7.0% 7.7% 7.7% 8.8% Adj. EBIT margin 4.7% 5.0% 5.1% 2.2% 3.7% 4.5% 4.5% 5.6% 17
18 Non-comparable items Non-comparable items in EBITDA and operating income Q Q Staff reduction costs 1) Write down of inventories 2) Cancelation of production 3) Costs related to fire in Södam 4) Transcation costs 5) Revaluation of contingent consideration 6) Cancelation of leasing contract 7) Total ) Costs for staff reductions in Seden Q and Denmark Q ) Write down of inventories in Denmark fourth quarter ) Cancelation and change of production in Sweden. 4) Costs related to fire in Sødam, Denmark. 5) Costs related to acquisition of Manor Farm. 6) Revaluation of contingent consideration for acqusition of the last 20 percent of shares in danish company Sødams Øko Fjerkræslagteri ApS. 7) Cost for cancelation of leasing contract 18
19 Appendix II Acquisition of Manor Farm 19
20 Acquisition of Manor Farm Largest chicken processor in the Republic of Ireland Net revenues of EUR 164 million, EBITDA of EUR 13 million (*) Enterprise value EUR 94m(**) with settlement in; - 6m Scandi Standard shares (9.99% of current share capital) (34%) - Earn out mechanism (27%) - Cash and settlement of outstanding interest bearing debt (39%) Completion of transaction 28 August Approved by Scandi Standard EGM 15 August 2017 Financing of cash payment and transaction costs - Combination of available cash and existing bank facilities 20
21 Irish poultry market Dynamics very similar to those in the Nordic markets Well consolidated with three domestic players of scale Market share of about 50% Fresh chicken products sold through retail in Ireland. - Fresh segment is well developed Similarities to existing Nordic markets - Strong preference for domestic produce in the retail channel - Importers distribute mainly to food service, butchers and industrial segments - The consumer market in Ireland is similar to the Nordic markets in terms of size, population and GDP 21
22 About Manor Farm Sources and processes approximately - 50% of all fresh chicken sold in the Irish retail market - 25% of all chicken consumed in Ireland - Employs approximately 850 people Diversified customer base Processing plant in Shercock in County Cavan - ~130 farmers contracted as growers - ~43 farmers contracted as breeders Owns and operates a feed mill - Revenues of approximately EUR 80 million - Produces solely for its contracted growers - Feed revenues are eliminated from Manor Farm s net revenues 22
23 Strong management Very experienced management team with a strong track record Five members of the management team currently own 100% of Manor Farm Will continue to lead and develop the business in alignment with the rest of the Group Vincent Carton and Justin Carton currently hold 85% - Intend to remain as Scandi Standard shareholders over the longer term - Vincent Carton has agreed to join the Board of Directors of Scandi Standard if proposed by the Nomination Committee and elected by the General Meeting 23
24 Transaction rationale Profitable and well-run operations Clear leader in a market with strong preference for local produce Capable and experienced management team with a strong track record Tangible best practice opportunities identified Significant EPS accretion Attractive EV/EBITDA acquisition multiple Post transaction leverage ratio unchanged Risk diversification through new geographic presence 24
25 The transaction The deal values Manor Farm at EUR 94 million(*) (Enterprise Value) Settlement is agreed to consist of - The Consideration Shares, equivalent to 9.99% of the current share capital of Scandi Standard; - Four earn-out tranches which have a nominal aggregate base amount of EUR 25.4 million; - The balance, EUR 36.3 million, in the form of cash payments and settlement of outstanding interestbearing debt. Completion of the transaction is subject to customary conditions - Including approval of the Consideration Shares at an Extraordinary General Meeting of shareholders of Scandi Standard. The transaction was completed 28 August 2017 The vendors of Manor Farm have agreed to a 12-month lock-up on the Consideration Shares commencing from their first day of trading ** Based on closing price 26 June
26 Earn-out mechanism The first earn-out tranche of EUR 0.4 million will be paid if 2017 EBITDA exceeds EUR 13 million The three later earn-out tranches - Nominal aggregate base amount of EUR 25 million - Subject to adjustment based on the actual EBITDA performance in each of the earn-out years 2018, 2019 and 2020 as compared to the 2016 EBITDA - For the calculation of each earn-out payment, a sliding EV/EBITDA multiple scale is applied, ranging from a minimum multiple of zero to a maximum multiple of 9 - The earn-out tranches will be paid upon availability of audited accounts for the relevant year, verifying EBITDA The agreement includes a provision whereby the vendors would be eligible for a minimum of the base earn-out amount at maturity of each of the remaining earn-out tranches if there is a change of control in Scandi Standard. 26
27 Accounting issues Transaction costs are estimated to a little over 2% of EV - Including 1% stamp duty Identified improvement potential is partly reliant on - Capital expenditures - Certain measures to align operations with industry best practice The phasing of such investments and measures will be resolved on a case by case basis within the general planning framework of the Scandi Standard Group, and be communicated and accounted for accordingly 27
28 Thank you!
29 Disclaimer This presentation contains various forward-looking statements that reflect management s current views with respect to future events and financial and operational performance. The words believe, expect, anticipate, intend, may, plan, estimate, should, could, aim, target, might, or, in each case, their negative, or similar expressions identify certain of these forward-looking statements. Others can be identified from the context in which the statements are made. These forward-looking statements involve known and unknown risks, uncertainties and other factors, which are in some cases beyond the Company s control and may cause actual results or performance to differ materially from those expressed or implied from such forward-looking statements. These risks include but are not limited to the Company s ability to operate profitably, maintain its competitive position, to promote and improve its reputation and the awareness of the brands in its portfolio, to successfully operate its growth strategy and the impact of changes in pricing policies, political and regulatory developments in the markets in which the Company operates, and other risks. The information and opinions contained in this document are provided as at the date of this presentation and are subject to change without notice. No representation or warranty (expressed or implied) is made as to, and no reliance should be placed on, the fairness, accuracy or completeness of the information contained herein. Accordingly, none of the Company, or any of its principal shareholders or subsidiary undertakings or any of such person s officers or employees accepts any liability whatsoever arising directly or indirectly from the use of this document. 29
Scandi Standard Q Presentation. 22 November 2017
Scandi Standard Q3 2017 Presentation 22 November 2017 Highlights Q3 2017 Successful acquisition of Manor Farm (Ireland) - Market leader in Ireland representing ~¼ of group Net Sales and strong margins
More informationScandi Standard (SCST SS) Q Presentation 5 November 2018
Scandi Standard (SCST SS) Q3 2018 Presentation 5 November 2018 Revenue by category Chilled 55% Frozen 19% Ready to eat 18% Other 8% Revenue by channel Retail 68% Food service 15% Export 9% Industry 3%
More informationAGREEMENT TO ACQUIRE MANOR FARM THE LEADING CHICKEN PROCESSOR IN IRELAND
AGREEMENT TO ACQUIRE MANOR FARM THE LEADING CHICKEN PROCESSOR IN IRELAND Scandi Standard AB (publ.) (SCST SS) is pleased to announce that it has entered into an agreement to acquire Manor Farm, the largest
More informationQ presentation. 10 May Nordic market leader in chicken products
Q1 2016 presentation 10 May 2016 Nordic market leader in chicken products 0 Summary of Q1 2016 Strong growth in net sales, particularly in chilled products Continued strong performance in Sweden Substantial
More informationFourth quarter and year-end report February 2019
Fourth quarter and year-end report 20 February 2019 Net sales increased by 5 percent to MSEK 2,166 (2,061) in the fourth quarter. Net sales increased by 6 percent in Sweden, 4 percent in Denmark, 3 percent
More informationQ4 Presentation February, 2013
Q4 Presentation 2012 14 February, 2013 Disclaimer This presentation has been prepared by Duni AB (the Company ) solely for use at this investor presentation and is furnished to you solely for your information
More informationQ Presentation 1
Q2 2009 Presentation 1 Disclaimer This presentation has been prepared by Duni AB (the Company ) solely for use at this investor presentation and is furnished to you solely for your information and may
More informationFirst quarter report May 2016
First quarter report 2016 10 May 2016 Net sales increased by 6 percent to MSEK 1,386.3 (1,309.6), and by 8 percent at constant exchange rates. Net sales rose by 6 percent in Sweden, while net sales in
More informationQ1 Presentation April, 2011
Q1 Presentation 2011 28 April, 2011 Disclaimer This presentation has been prepared by Duni AB (the Company ) solely for use at this investor presentation and is furnished to you solely for your information
More informationQ2 Presentation July, 2011
Q2 Presentation 2011 15 July, 2011 Disclaimer This presentation has been prepared by Duni AB (the Company ) solely for use at this investor presentation and is furnished to you solely for your information
More informationInghams Group Limited. FY2018 Results Presentation
Inghams Group Limited FY2018 Results Presentation 22 AUGUST 2018 Important notice and disclaimer Disclaimer The material in this presentation is general background information about the activities of Inghams
More informationFourth quarter and year-end report February 2016
Fourth quarter and year-end report 2015 26 February 2016 Fourth quarter Net sales increased by 10 percent to MSEK 1,376.0 (1,252.0), and by 12 percent at constant exchange rates, with strong growth in
More informationQ1 Presentation April, 2013
Q1 Presentation 19 April, Disclaimer This presentation has been prepared by Duni AB (the Company ) solely for use at this investor presentation and is furnished to you solely for your information and may
More informationEng US. Q1 Presentation April, 2015
Eng US Presentation 2015 24 April, 2015 Eng US Disclaimer This presentation has been prepared by Duni AB (the Company ) solely for use at this investor presentation and is furnished to you solely for your
More informationQ4 Presentation February, 2012
Q4 Presentation 2011 15 February, 2012 Disclaimer This presentation has been prepared by Duni AB (the Company ) solely for use at this investor presentation and is furnished to you solely for your information
More information2018 Interim Results 30 August 2018
2018 Interim Results 30 August 2018 Disclaimer Statements in this presentation with respect to each of Total Produce s and Dole Food Company's ("Dole") business, strategies, projected financial figures,
More informationQ presentation. 5 February 2015
Q4 2014 presentation 5 February 2015 Agenda Highlights Financial overview Market outlook Q4 Highlights Strong finish to a record year Revenue of NOK 7 549 million, up 10.3% EBITDA* of NOK 396 million,
More informationRoyal 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 informationQ Presentation.
Q4 Presentation www.duni.com 1 Disclaimer This presentation has been prepared by Duni AB (the Company ) solely for use at this investor presentation and is furnished to you solely for your information
More informationEng US. 14 July 2017
Eng US 14 July 2017 Presentation 2017 Eng US Disclaimer This presentation has been prepared by Duni AB (the Company ) solely for use at this investor presentation and is furnished to you solely for your
More informationRecord first six months
Record first six months 1 JANUARY 30 JUNE 2016 23 August 2016 Earnings conference call Presenters: Martin Ellis (CEO) and Jonas Olin (CFO) The statements about the future in this document contain an element
More informationFourth quarter of 2010
Fourth quarter of 2010 Main features of the fourth quarter of 2010 Operating revenue NOK 3,363 million, 2% organic growth EBITA before synergy costs NOK 171 million (NOK 283 million) Revenue growth and
More informationRoyal 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 informationPilgrim s Pride Corporation (NASDAQ: PPC) Pilgrim s Acquires Moy Park September 11, 2017
Pilgrim s Pride Corporation (NASDAQ: PPC) Pilgrim s Acquires Moy Park September 11, 2017 Cautionary Notes and Forward-Looking Statements Statements contained in this presentation that share our intentions,
More information2017 Preliminary Results. 1 March 2018
1 March 2018 Forward-Looking Statement Any forward-looking statements made in this presentation have been made in good faith based on the information available as of the date of this presentation and are
More informationRoyal 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 informationEng US. 9 February Q4 Presentation 2017
Eng US 9 February 2018 Q4 Presentation 2017 Eng US Disclaimer This presentation has been prepared by Duni AB (the Company ) solely for use at this investor presentation and is furnished to you solely for
More informationINVESTOR PRESENTATION FIRST QUARTER 2018
INVESTOR PRESENTATION FIRST QUARTER 2018 17 MAY 2018 FORWARD LOOKING STATEMENTS This presentation contains forward-looking statements. All statements other than statements of historical fact included in
More informationRoyal 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 informationIncreasing uncertainty and reduced profitability within core repair business
Interim Report 1 January - 30 June COMPANY ANNOUNCEMENT NO. 03/ 30 August Increasing uncertainty and reduced profitability within core repair business Mobylife has in Q2 experienced a continued negative
More informationCEO Terje Mjøs. Oslo, 17 July Q Presentation
CEO Terje Mjøs Oslo, 17 July 1 Q 1 Presentation Q 1 Highlights Profitable and strong organic growth in Sweden +1% YoY o Flat in Norway, +3% in total EBITA NOK 15 million (+9% YoY*) o Including synergy
More informationEDB Business Partner ASA REPORT FOR THE THIRD QUARTER OF 2007
- 1 - EDB Business Partner ASA REPORT FOR THE THIRD QUARTER OF 2007 Revenues of NOK 1,465 million, 7% y/y growth Improved EBITA margin to 9.3% compared to 8.9% in 2006 Solutions and Application Services
More informationCandyking Q2 report Flexibilitet
Candyking Q2 report Flexibilitet Second quarter Candyking s business is highly seasonal with Easter representing the strongest sales period during the year for our main markets Sweden and Norway. Last
More informationInterim report, first quarter May 2015
Interim report, first quarter 2015 29 May 2015 Net sales decreased by 3 percent to MSEK 1,309.6 (1,353.4), and by 6 percent at constant exchange rates. Net sales from Sweden increased by 6 percent, Denmark
More informationdbaccess Global Consumer Conference in Paris
dbaccess Global Consumer Conference in Paris Royal Unibrew A/S By Lars Jensen, CFO 13 June 217 1 Facts about Royal Unibrew Royal Unibrew is the second biggest brewer in the Nordic and Baltic region Revenue
More informationReport Third quarter evry.com
Report Third quarter 2012 evry.com About EVRY EVRY is one of the leading IT companies in the Nordic countries, with a strong local and regional presence in 50 Nordic towns and cities. Through its knowledge,
More informationRoyal 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 informationRoyal Unibrew A/S. by Henrik Brandt, President & CEO 21 May 2015 Nordic Market Day 2015, New York
Royal Unibrew A/S by Henrik Brandt, President & CEO 21 May 2015 Nordic Market Day 2015, New York 1 ROYAL UNIBREW NORDIC MARKET DAY 2015 NEW YORK 21 MAY 2015 Royal Unibrew s goal is to be an efficient regional
More informationEVRY ASA Q PRESENTATION CEO BJÖRN IVROTH CFO HENRIK SCHIBLER
1 EVRY ASA Q1 2018 PRESENTATION CEO BJÖRN IVROTH CFO HENRIK SCHIBLER Agenda Group highlights Business update Financial highlights Business area performance Targets and Concluding remarks Q&A 2 Group highlights
More informationINVESTOR PRESENTATION
INVESTOR PRESENTATION 2017 18 MAY 2017 1 FORWARD LOOKING STATEMENTS This presentation contains forward-looking statements. All statements other than statements of historical fact included in the presentation
More informationEVRY ASA Q4/FY 2017 PRESENTATION. CEO Björn Ivroth CFO Henrik Schibler
EVRY ASA Q4/FY 2017 PRESENTATION CEO Björn Ivroth CFO Henrik Schibler Agenda Q4/ Preliminary FY 2017 presentation Group highlights Business update & trends Financial highlights Business area performance
More informationThird quarter of 2010
Third quarter of 2010 Main features of the third quarter of 2010 Merger with ErgoGroup completed with effect from 30 September 2010 Operating revenue NOK 1,679 million (NOK 1,716 million) EBITA NOK 70
More informationFunc Food Group Interim Report Q3 2015
Func Food Group Interim Report Q3 2015 Summary Func Food Group Oy ( FFG ) is a Nordic wellness company, which markets and distributes FAST, CocoVi, FitFarm, Celsius and Freddy brands in Finland and Sweden.
More informationMekonomen Group has entered into an agreement to acquire FTZ and Inter-Team to expand operations into Denmark and Poland.
Mekonomen Group has entered into an agreement to acquire FTZ and Inter-Team to expand operations into Denmark and Poland July 6, 2018 Disclaimer The contents of this presentation document ( Presentation
More informationQ Earnings Presentation. Rainer Beaujean, Speaker of the Management Board and CFO April 12, 2018
Q1 2018 Earnings Presentation Rainer Beaujean, Speaker of the Management Board and CFO April 12, 2018 Disclaimer This presentation may contain certain forward-looking statements, including assumptions,
More informationCEO Terje Mjøs. Oslo, 8 February Q Presentation
CEO Terje Mjøs Oslo, 8 February 213 2 Presentation Part I ` Report o Group o Segments Part II Cost improvements o Revenue and margin analysis o Future proof Part III Outlook o Market o Company Summary
More information1 (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 informationEVRY ASA Q PRESENTATION CEO BJÖRN IVROTH CFO HENRIK SCHIBLER
1 EVRY ASA Q3 2018 PRESENTATION CEO BJÖRN IVROTH CFO HENRIK SCHIBLER Agenda Group highlights Business update Financial highlights Business area performance Concluding remarks Q&A 2 Group highlights Q3
More informationInterim Report January March 2017
ALIG, SE715891 Interim Report January March 217 For more information contact: Per Ekstedt, CFO, Phone: +46 ()8 42 14 57 / Sofia Wretman, Head of IR, Phone: +46 ()8 42 14 41 217 - Solid performance FIRST
More informationViking Assistance Group AS. Quarterly Report 2Q17 April June 2017
Viking Assistance Group AS Quarterly Report 2Q17 April June 2017 SECOND QUARTER 2017 SUMMARY Group revenues of MNOK 186.2 : 12 percent YoY growth Group EBITDA of MNOK 21.4 : 14 percent YoY growth Solid
More informationQ BAKKAFROST GROUP Oslo 20 February 2018
BAKKAFROST GROUP Oslo 20 February 2018 DISCLAIMER This presentation includes statements regarding future results, which are subject to risks and uncertainties. Consequently, actual results may differ significantly
More informationCandyking Q1 report Flexibilitet
Candyking Q1 report 2014 Flexibilitet First quarter 2014 Candyking s business is highly seasonal with Easter representing the strongest sales period during the year for our main markets Sweden and Norway.
More informationVery strong quarter for Medical Solutions
Nolato AB nine-month interim report 218, page 1 of 21 Nolato AB (publ) nine-month interim report 218 Very strong quarter for Medical Solutions Third quarter of 218 in brief Sales increased to SEK 1,98
More informationInterim 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 informationA year of successful acquisitions
A year of successful acquisitions 1 JANUARY 31 DECEMBER 2017 8 February 2018 Earnings conference call Presenters: Martin Ellis (CEO) and Jonas Olin (CFO) The statements about the future in this document
More informationINVESTOR PRESENTATION SECOND QUARTER 2018
INVESTOR PRESENTATION SECOND QUARTER 2018 30 AUGUST 2018 FORWARD LOOKING STATEMENTS This presentation contains forward-looking statements. All statements other than statements of historical fact included
More informationFY2017 Result Presentation. 21 August 2017
FY2017 Result Presentation 21 August 2017 The Hansen journey growing and diversifying by geography, industry, propriety products and customer Early 1990 s Today Revenue by geography Industry verticals
More informationNOBINA AB Investor presentation, Interim report March 2018 May 2018
1 NOBINA AB Investor presentation, Interim report March 2018 May 2018 FINANCIAL OVERVIEW ¹ NET SALES EBIT EBT CASH FLOW 2,361 (2,205) 104 (95) 72 (58) -74 (-60) FINANCIAL HIGHLIGHTS Net sales grew 7.1%
More informationdbaccess Global Consumer Conference June 12, 2018
dbaccess Global Consumer Conference June 12, 2018 Disclaimer This Presentation has been prepared and issued by Nomad Foods Limited (the "Company"). This Presentation has been provided solely for information
More informationWA WallVision AB (publ), corp. no Interim report January 1, 2016 September 30, 2016 THIRD QUARTER: ORGANIC GROWTH IN CORE MARKETS
All figures pertain to the Group unless otherwise stated. Comparisons in the interim report refer to the corresponding period in the 2015 fiscal year, unless otherwise stated. THIRD QUARTER: ORGANIC GROWTH
More informationQ1 Q Q3 Q EUR million Jan-Mar 2018 Jan-Mar 2017 Change, % EUR million Jan-Dec 2017
Stockholm, Sweden, 4 May Eltel Group Interim report January March January March Group net sales decreased 10.5% to EUR 266.6 million (297.8), mainly as a result of divestments and on-going discontinuation
More informationRaisio Interim Report January-September 2012
Raisio Interim Report January-September 2012 CEO Matti Rihko and CFO Jyrki Paappa 6 November 2012 Q3/2012 Q3/2012: Earnings per share improved (Continuing operations, excluding one-off items) Net sales
More informationRoyal Unibrew A/S Danske Bank Markets Copenhagen Winter Seminar
Royal Unibrew A/S Danske Bank Markets Copenhagen Winter Seminar by Henrik Brandt, President & CEO 5 December 2013 Royal Unibrew s goal is to be an efficient regional beverage player Focus on: Markets and
More informationTegel Group Holdings Limited
Tegel Group Holdings Limited FY17 Interim Results Presentation 15 December 2016 TEGEL GROUP HOLDINGS LIMITED FY17 INTERIM RESULTS 1 Disclaimer This presentation contains summary information about Tegel
More informationCover-More Group. UBS Australasia Conference. November 2015
Cover-More Group UBS Australasia Conference November 2015 Executive summary: FY15 overview Cover-More delivered another year of double digit earnings growth, with offshore business growing substantially.
More informationYear-end report Jan-Dec February, 2018
1 Year-end report Jan-Dec 2017 1 February, 2018 Executive summary on development We follow our strategic plan Good sales growth continues Supply chain back on track Efficiency improvements according to
More informationTegel Group Holdings Limited
Tegel Group Holdings Limited FY17 Full Year Results Presentation 27 June 2017 1 TEGEL GROUP HOLDINGS FY17 RESULTS PRESENTATION Disclaimer This presentation contains summary information about Tegel Group
More informationBUSINESS 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 informationYear end report. January-December st of January 2018 Mikael Ericson, President and CEO Erik Forsberg, CFO
Year end report January-December 2017 31 st of January 2018 Mikael Ericson, President and CEO Erik Forsberg, CFO Agenda 1. Highlights for the fourth quarter and FY 2017 2. Key messages from Capital Markets
More informationInvestor Presentation. December 2018
Investor Presentation December 2018 Disclaimer This Presentation has been prepared and issued by Nomad Foods Limited (the "Company"). This Presentation has been provided solely for information and background.
More informationLindorff. 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 informationGroup in Summary MEUR % % Revenue % %
Handicare Group AB (publ) Torshamnsgatan 35, SE-164 40 Kista Sweden Tel: +46 8 523 281 00 Corp. Reg. No.: 556982-7115 www.handicaregroup.com Year-end report 2017 Continued organic growth and improved margins
More informationMakes 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 informationQ results 24 April Henri de Sauvage-Nolting, President and CEO Danko Maras, CFO Jacob Broberg, SVP IR
Q1 2018 results 24 April 2018 Henri de Sauvage-Nolting, President and CEO Danko Maras, CFO Jacob Broberg, SVP IR 2 Q1 highlights Good EBIT delivery and Easter sales Net sales amounted to SEK 1,562m (1,222).
More informationAnnual General Meeting 20 May Local at Heart, Global by Nature
Annual General Meeting 20 May 2015 Local at Heart, Global by Nature Forward-Looking Statement Any forward-looking statements made in this presentation have been made in good faith based on the information
More informationGlanbia plc 2016 Full Year Results Presentation
Glanbia plc 2016 Full Year Results Presentation 22 February 2017 Siobhan Talbot Group Managing Director Mark Garvey Group Finance Director Cautionary Statement Full Year 2016 Performance Summary Adj. EPS
More informationYear-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 informationExamples = + = + = = = =
Examples = + = + = = = = Calculation of ratios an example Formula Year 1 Year 2 Year 3 Year 4 Year 5 Comments Adjusted Profit/Loss for the Period excl. Minorities 33.0 37.4 36.8 62.3 79.4 Adjusted
More informationStrong growth at Nolato Medical
Nolato three-month interim report 2007, page 1 of 11 Nolato AB (publ) three-month interim report 2007 Strong growth at Nolato Medical First quarter 2007 in brief Sales totaled SEK 560 M (594) The acquisition
More informationROADSHOW 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 informationP 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 informationInvestor 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 informationP R E S S R E L E A S E from ASSA ABLOY AB (publ)
P R E S S R E L E A S E from ASSA ABLOY AB (publ) August 10, 2000 no. 14/00 INTERIM REPORT JANUARY-JUNE 2000 Sales increased by 24% to SEK 6,079 M (4,920) Income before tax increased by 44% to SEK 610
More informationFor personal use only
23 August 2013 Full Year Results June 2013 We attach an Investor Presentation for the FY13 Full Year Results. As previously announced, a results briefing for analysts will be held at 10:30am Sydney time
More informationInterim Report for 1 January 31 March 2015
COMPANY ANNOUNCEMENT NO 10/2015 28 april 2015 Interim Report for 1 January 31 March 2015 Developments in line with outlook Earnings before interest and tax (EBIT) for Q1 2015 amounted to DKK 131 million
More informationInterim report. January-June 2006
Interim report January-June 2006 Interim report January-June 2006 Anders Igel President and CEO Record result SEK 6.3 billion in Growth 4.5% EBITDA 1 margin 35% (33) EPS 0.94 (0.44) SEK million 25,000
More informationCloetta and LEAF to merge Creating a Nordic market leader. December 16, 2011
Cloetta and LEAF to merge Creating a Nordic market leader December 16, 2011 Presenters Olof Svenfelt Lennart Bylock Bengt Baron Chairman of Cloetta Board member of Malfors Promotor, current majority shareholder
More informationINTERIM REPORT JANUARY - SEPTEMBER 2015 NOVEMBER 3, 2015
INTERIM REPORT JANUARY - SEPTEMBER NOVEMBER 3, EBITA (MSEK) Pro forma 2014 LTM ONE TARGET: TO INCREASE PROFITS EVERY YEAR 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
More informationQ presentation. 15 July 2015
Q2 2015 presentation 15 July 2015 Q2 Highlights Revenue of NOK 6 842 million, up 14.4% EBITDA* of NOK 157 million, down 11.2% Large variance in performance across countries, with strong results in Sweden,
More informationStatkraft Investor Update. March 2014
Statkraft Investor Update March 2014 Disclaimer This presentation has been prepared by, and the information contained herein (unless otherwise indicated) has been provided by Statkraft AS (the "Company").
More informationMakes it easier to be professional. Q report presentation January 26, 2017
Makes it easier to be professional Q4 2017 report presentation January 26, 2017 1 Q4 in brief Strong fourth quarter High activity level Organic sales growth of 11% Growth in all segments Adj. EBITA of
More informationFunc Food Group Financial Release / Q1 2018
Func Food Group Financial Release / Q1 2018 Func Food Group Financial Release / Q1 2018 Func Food Group / Q1 2018 3 FUNC FOOD GROUP IN BRIEF Func Food Group ( FFG ) is a Nordic wellness company, which
More informationBE GROUP JANUARY MARCH Roger Johansson, President and CEO Torbjörn Clementz, CFO and Executive Vice President. Slide 1
BE GROUP INTERIM REPORT JANUARY MARCH 2012 Roger Johansson, President and CEO Torbjörn Clementz, CFO and Executive Vice President Slide 1 Q1 Lower prices affect Q1-earnings Financial Highlights Net sales
More information2017/Q1 Road Show Thule Group. Magnus Welander, Lennart Mauritzson April-May 2017
2017/Q1 Road Show Thule Group Magnus Welander, Lennart Mauritzson April-May 2017 Active Life, Simplified. Slide 2 Our Investment Case Attractive Market Attractive Company Favorable mega-trends driving
More informationInvestor Presentation
Investor Presentation 1 Disclaimer This document has been prepared by Energy One Limited (EOL) and comprises written materials and slides for a presentation concerning EOL. This presentation is for information
More informationFredrik Börjesson. Stefan Hedelius
15995949.1 Extraordinary General Meeting in Momentum Group AB (publ) on 28 November 2017. Account of the Board of Directors of Momentum Group AB (publ) in accordance with Chapter 19, Section 24, Paragraph
More informationQ presentation. 19 November 2015
Q3 2015 presentation 19 November 2015 1 Today s presenters Axel Hjärne Chief Executive Officer Gert Sköld Chief Financial Officer 2 Eltel in brief Q3 2015 business performance Q3 2015 financials Market
More informationSecond quarter Vestas Wind Systems A/S. Copenhagen, 18 August Classification: Public
Second quarter Vestas Wind Systems A/S Copenhagen, 18 August Disclaimer and cautionary statement This presentation contains forward-looking statements concerning Vestas' financial condition, results of
More informationInterim report 1 January 31 March 2018 Actic Group AB
Q1 Interim report 1 January 31 March Actic Group AB Efficiency enhancements and acquisitions strengthen results INTERIM REPORT 1 JANUARY 31 MARCH ACTIC GROUP AB 1 Interim report 1 January 31 March First
More informationAlternative Performance Measures (APM) / Non-IFRS Financial Measures. Definitions of Alternative Performance Measures, Non-IFRS Financial Measures
Alternative Performance Measures (APM) / Non-IFRS Financial Measures Our Alternative Performance Measures (APMs) present useful information which supplements the financial statements. These measures are
More information