Annual General Meeting 2010 Management Report
|
|
- Godfrey Houston
- 6 years ago
- Views:
Transcription
1 Annual General Meeting 2010 Management Report Munich, May 28, 2010 Dr.-Ing. Georg Sick (CEO and President) 1
2 Overview Innovations Fiscal year 2009 Shares Q1/Fiscal year 2010 Strategy Outlook DF 16 Rebar tier 2
3 Wacker Neuson has set standards worldwide with product strength and innovative drive Strong innovation track record since
4 Rammer: success story stretching back over 80 years 1930: first electric rammer 2010: global market leader 4
5 Innovations Light Equipment ( ) BTS 1140L3 January 2008 CT 24 June 2008 New BFS range September 2008 Lightweight breaker January 2009 DF 16 rebar tier April 2009 Rebar cutters April 2008 New IRFU range June 2008 E 700M Hydronic surface heater November 2008 Light- and mediumweight plates with electric starter March 2009 RD Vibratory roller May
6 bauma 2010 New Light Equipment products (Selection) 6
7 Compact Equipment: Product developments ( ) SSL 901/1101 4/2008 Easy Lock 5/2009 Redesign TD9 6/ /2009 VDS 7/ s POWER 6/2009 Dumper Cab 6/2009 7
8 Compact Equipment: Product developments Compact Telehandler Kramer Allrad 1245 Weidemann T4512 8
9 bauma 2010 New Compact Equipment products (selection) 9
10 Overview Innovations Fiscal year 2009 Shares Q1/Fiscal year 2010 Strategy Outlook Light and Compact Equipment complement each other perfectly on construction sites 10
11 Positive development through organic growth, acquisitions and merger Multi-year comparison Acquisition Ground Heaters Merger Acquisition Weidemann Figures according to IFRS, 2 Included only Q4 Neuson Kramer (start of consolidation: October 1, 2007), 3 Pro forma as if the two companies had been consolidated for the entire year
12 Impact of economic crisis Quarterly comparison Q1 07 Q4 09 (Sales in million) (EBITDA in million) ,8 228,2 244, , ,3 185, ,4 162,5 137,3 156,5 149,0 154, Revenue Light Equipment Compact Equipment Service 0 Q1/07 Q2/07 Q3/07 Q4/07 Q1/08 Q2/08 Q3/08 Q4/08 Q1/09 Q2/09 Q3/09 Q4/09-20 EBITDA 12
13 2009: Year of world economic crisis Fiscal 2009 vs. fiscal 2008 Sales dropped by 31.4 percent to EUR million Asia up Rental sales at all-time high (Central and Eastern Europe) Loss in Q1, operational profit in last three quarters 2009 Impairment of EUR million Adjusted annual loss of EUR 2.9 million Equity ratio up to 81,5 percent Change from low financial debt to net cash position Break-even point lowered to EUR 600 million 13
14 Our core success factors during a crisis Best-in-class product and service quality Proximity to customers Flexible production processes Immediate adjustments of cost structure Ongoing R&D activities Continuing apprenticeship and vocational training Improvement of strong financial position International expansion Enhancement of customer value - gaining market share 14
15 Our cost cutting measures Manpower capacity adjustments Short-time-work from January 2009 onwards in most European production facilities Intensified sales & distribution activities with focus on growth markets Cut of investments Early manpower capacity adjustments (Effects from short-time-work, reduction of time accounts and temporary staff, Lay-offs where unavoidable) 1 100% 94% ca. 75% Securing liquidity: - Reduction of working capital - Funding day-to-day operations with cash flow from operating activities - Total reduction of net financial debt Q3/08 Q4/08 Q4/09 1 Manpower capacity. Percentages do not reflect number of employees. 15
16 Results of cost saving measures Measures Cost-cutting SG&A 1 Reduction in working capital Conversion of net debt to net cash (change) Reduction in investments (fixed assets) Manpower capacity (comp. to Q3 08) Short-time-work (European production facilities) Impact Dec. 31, 09-16% -28.3% EUR m -61% -25% 2 15% of employees 1 adjusted by attributable restructuring costs 2 incl. short labour effects and layoffs (incl. temporary) 16
17 Q2 through Q4: return to the black on EBIT level Sales (yoy) Sales (quarterly 09) % % Q1 Q2 Q3 Q4 EBIT (quarterly 09) Profit for the period (quarterly 09) Q Q Q Q2 Q3 Q Q2 Q Q4: adjusted by Impairment 2 Q4: due to Impairment EUR million Q4: adjusted by Impairment of EUR million, minus deferred taxes of EUR 2.7 million
18 Annual loss largely due to structural adjustments and one-off items EBITDA Adjusted earnings figures Income Statement 27.1 Impairment - Restructuring costs Adjusted Income Statement 36.7 EBIT EBT Profit for the period (-2.7) EUR 2.7 deferred taxes 18
19 Impairment: One-off write down on goodwill Merger Book value in K Impairment 2009 Goodwill 36, , , ,016 - Thereof Neuson Kramer subgroup - 293, ,988-89, ,448 Brand (indefinite useful life) 22,000 64,838 64, ,040 - Thereof Neuson Kramer subgroup - 42,838 42,838-10,798 32,040 Impairment Neuson Kramer subgroup Dec. 31, ,338 19
20 Sales distribution: Stronger Asia and service percentage Regions Business segments 1 (as a %) (as a %) Asia 4.7 (3.1) Service 30.4 (21.5) Europe 78.0 (77.7) Compact Equipment 34.1 (40.7) America 17.3 (19.2) Light Equipment 35.5 (37.8) 1 Consolidated sales before discounts 20
21 Segments: Asia sales up, rental sales at all time high (Central and Eastern Europe) Sales Europe Sales Americas Sales Asia % % % Sales Light Equipment Sales Compact Equipment Sales Services % % %
22 Increase in agricultural share of total revenue Construction 09 vs 08 1 Agriculture 09 vs 08 1 Sales split 09 vs % % 82.0 (as a %) Agriculture 13.6 (13.1) Construction Q1-Q4/ Agriculture Q1-Q4/ Q Q Q Q Q1 Q2 Q Q4 Service 30.4 (21.5) Construction 56.0 (65.4) 1 New machines sales only, excluding Service. Construction business contains light and compact equipment sales 22
23 Significant effects from cost-cutting in 2009 Costs of sales Gross profit-margin (as a %) % Gross profit margin gross profit margin pro-forma: 35.4 % SG&A Total costs % EUR m : adjusted by repective restructuring costs (EUR 5.7 million of restructuring costs) : adjusted by restructuring costs. Total cost = Conversion costs and SG&A, without other income/expenses 23
24 Securing liquidity in 2009 Reduction Reduction of working of working capital Q3 capital 08 Q4 09 Working capital and ratio to revenues (as a %) % fiscal Sept. 30/08 Dec. 31/08 Mar. 31/09 Jun. 30/09 Sept. 30/09 Dec. 31/ Working capital Working capital/revenue 0 24
25 Significant cut in Capex Capital expenditure R&D center and Headquarter in Munich (under construction) Expansion of sales and service stations Rental investments in Central and Eastern Europe (where not in competition with our rental customers) * Increasing operative cash flow to EUR 138,3 million, reduction of financial debt Capex Depreciation and amortization Operative cash flow * Depreciation 2009: adjusted by impairment (EUR million) 25
26 R&D center and headquarter in Munich (under construction) 26
27 Improving financial position in 2009 Strong finance and asset position (as a %) Net financial position Equity Equity ratio 27
28 Dividend proposal for fiscal 2009 Dividend history Total payout (in million ) Distribution ratio 2 (in %) Eligible shares (million) Dividend per share (in ) Dividend payment proposed to AGM on May 28, On net earnings before PPA for 2008 and
29 Overview Innovations Fiscal year 2009 Shares Q1/Fiscal year 2010 Strategy Analysts reaction (released figures of fiscal 09, Mar. 26, 2010) An even better financial position as expected. Non-cash impairment was no surprise to the market. Company will not pay dividend as expected. Came out of 2009 crisis financially sound. High investments in the coming years shall provide for an additional growth impulse. Outlook 29
30 Wacker Neuson share: percent in 2009 Share price outperfoming indices in H2/09 Share price in line with peer group ISIN DE000WACK012 WKN WACK01 Reuters WACGn.DE Bloomberg WAC GR Indices SDAX, DAXplus family, CDAX, GEX, Classic All Shares Share Prime All Share Key figures share in EUR High Low Average Book value per share Earnings per share
31 Active IR communication Analysts optimistic Analyst rankings Number of analysts (Numbers of Analysts (previous year)) Sell: 1 (7) Buy: 6 (0) Buy ratings 1 Hold/Neutral: 5 (3) Deutsche Bank Sal. Oppenheim DZ Bank BHF Bank Merrill Lynch Bankhaus Reuschel EUR 14,00 EUR 10,00 EUR 11,50 EUR 12,00 EUR 10,00 EUR 10,00 1 As of May 20,
32 Wacker Neuson family owned by almost 70 % Shareholder Structure 1 Free Float 1 (as a %) (in %) USA/rest of world 10.8 Family Germany 53.0 Freefloat incl. Management 32.9 Austria 9.0 Europe (without D+A) As of: May Includes the companies Wacker-Werke GmbH & Co. KG, Wacker Familiengesellschaft mbh & Co. KG and VGC Invest GmbH and Neuson Ecotec GmbH 32
33 Overview Innovations Fiscal year 2009 Shares Q1/Fiscal year 2010 Strategy Outlook Wacker Neuson on bauma fair in April 2010: Visitors were impressed by high product range and innovation power 33
34 Summary Q v-shape recovery in order income and US sales Q1 10 vs. Q1 09 Harsh winter in first 2 months in Europe, strong March business Revenues up by 9.5 percent to EUR million, negative earnings as planned Recovery of economy drives product sales worldwide Significant sales growth in Light Equipment, USA and Asia Increase in order income for Compact Equipment but supplier delivery delays Service sales dependend on weather - > effect on margins High equity ratio of 78,9 percent Q1 10 vs. Q4 09 Recovery continued, bauma in April confirms upswing Low net financial debt Significant reduction of short-time-work Equipment sales exceed Q
35 Light Equipment and USA early in cycle Quarterly/monthly comparison Q3 08 Q1 10 (Sales Light Equipment in million) (Domestic Sales USA in USD) Q3/08 Q4/08 Q1/09 Q2/09 Q3/09 Q4/09 Q1/10 Light Equipment Compact Equipment. 03/09 10/09 11/09 12/09 01/10 02/10 03/10 03/09 10/09 11/09 12/09 01/10 02/10 03/10 35
36 Manpower capacity and sales development Figures measuring manpower capacity 120% 100% Increasing manpower capacity due to high order income Short labour reduction 23% 15% 7% 0% 80% Mar.31/09 Dec.31/09 Mar.31/10 May10 60% Number of employees (Jobs) 40% 20% 3,375 3,059 3,090 0% Q1 08 Q2 08 Q3 08 Q4 08 Q1 09 Q2 09 Q3 09 Q4 09 Q1 10 Sales Manpower capacity* Mar. 31/09. Dec.31/09 Mar.31/10 *Jobs, including short-time-work effects and layoffs (incl. temporary workers) 36
37 Sales and earnings increases in Q1 Sales EBITDA +9.5% Q1/ % Q1/09 Q1/10 100% Q1/10 EBIT Profit for the period +74% +66% Q1/09 Q1/10 Q1/09 Q1/
38 Recovery of economy drives product sales worldwide Sales Europe Sales Americas Sales Asia +2.2% % % Q1/09 Q1/10 Sales Light Equipment Sales Compact Equipment Q1/09 Q1/10 Q1/09 Q1/10 Sales Services % % % Q1/09 Q1/10 Q1/09 Q1/10 Q1/09 Q1/10 38
39 Signs of recovery in both markets Sales split yoy Construction sales % Agricultural sales 1 (as a %) Agriculture 15.2 (19.7) %. Q1/09 Q4/09 Q1/ Q1/09 Q4/09 Q1/10 1 New machines sales only, excluding Service. Construction business contains light and compact equipment sales Service 24.6 (27.5) Construction 60.2 (52.8) 39
40 Recovery triggers investments and working capital increase Investment fixed assets and depreciation Investments fixed assets 23.0 Depreciation Net financial position Mar,31/10 Q1/09 Q1/10 Dec,31/ Free and operative cash flow Working capital Q1/09 Free Cash flow 3.8 Operative Cash flow Q1/ % Dec,31/09 Mar,31/10 40
41 Overview Innovations Fiscal year 2009 Shares Q1/Fiscal year 2010 Strategy the large number of visitors were an immediate sign of a successful trade fair. Not only the laymen but even the experts were amazed by the product portfolio which surely is the basis for the successful merger Journalist quote on bauma Outlook 41
42 Global launch of compact equipment continued May 2010 To be observed Postponed New New 42
43 Gaining markets share: Example compact introduction in North America 14 models introduced under the Wacker Neuson brand Four-wheel drive loaders Articulated wheel loaders Four-wheel dumpers Compact excavators Skid steer loaders Locations: Exclusive dealers +47 % 12/ /2009 With the compact class introduction Wacker Neuson confirms its excellent reputation in the US as a professional highquality company. The compact class products are efficient, powerful and easy to maneuver." Marcus Auerbach, Director Compact Equipment, Wacker Neuson USA 43
44 Gaining markets share: Example compact introduction in South Africa 14 models introduced under the Wacker Neuson brand Four-wheel drive loaders Articulated wheel loaders Four-wheel dumpers Compact excavators Skid steer loaders "I like the compact excavator because it is light and can be operated with a high degree of precision. It is also powerful and extremely well made. I'm looking forward to many years of reliable service." Jan van der Walt, Lonerock Construction, Johannesburg, South Africa 44
45 Gaining markets share: Example compact introduction Australia Eight models introduced under the Wacker Neuson and Weidemann brands Compact excavators Skid steer loaders Wheel loaders "Wacker Neuson's extensive portfolio makes us the only full-line supplier of compact equipment on the Australian market." Andy Evans, managing director, Wacker Neuson Melbourne, Australia 45
46 Plan for capacity increase in Linz (Austria) Purchase of a site to be used for a new manufacturing plant Today: Linz-Leonding (Austria) Future: Hörsching (Austria) Mini excavators Skid steers Track dumper Capacity limit reached before financial crisis Capacity will be doubled Mini excavators Skid steers Track dumper and wheel dumper Begin of construction not before
47 Keynote Farm-Mobility-Concept: Agricultural challenges and answers from Weidemann 30% field work 30% field work Silo work Shifting earth Distributing Cleaning Reaping Snow and ice clearance Skid steer loaders Dumpers Skid steer loaders Telescopic handlers All-wheel loaders Articulated wheel loaders Telescopic handlers All-wheel loaders Articulated wheel loaders 70% stable/barn and yard work Feeding Bedding Mucking out Loading Stacking 47
48 Broader product portfolio for the agricultural industry (II) Today 2010 onwards Attachments + 48
49 Attachments with intelligent features are gaining importance Examples 49
50 Overview Innovations Fiscal year 2009 Shares Q1/Fiscal year 2010 Strategy Outlook Kramer Allrad Teleskopic handler
51 Long-term outlook for construction and agricultural industries positive Global opportunities for construction Global opportunities for agriculture Infrastructure projects in Eastern Europe, Asia, US Consequences of climate change and growing importance of environmental protection Expansion of telecom networks (e.g. broadband access) Expansion and modernization of road and rail networks Changing accommodation needs as a result of urbanization for example Reconstruction projects (including renovation and modernization) Utility enhancements (e.g. water, energy efficiencies) Many economic action plans worldwide currently focused on infrastructure Rising global demand for food and fodder Trend towards 2G bio fuels and other renewable resources Structural shift towards fewer but larger holdings (especially in Europe) with a greater need for machinery Growing industrialization of the agricultural industry 51
52 Outlook bauma in April 2010 confirmed turnaround (units) Order backlog compact equipment +235% yoy Market dynamics more visible Bauma order volume: > +25% to 2007 Increasing construction activity worldwide Positive effects from infrastructure programs Forecast revenue confirmed: > 5% for 2010, double-digit growth 2011 with positive earning trend Focus on maintaining strong asset and financial position 03/09 04/09 05/09 06/09 07/09 08/09 09/09 10/09 11/09 12/09 01/10 02/10 03/10 Continuous investigation of acquisition targets and alliances 52
53 The strenghts of the Wacker Neuson SE Financial strength Corporate culture of a family-owned company Clearly defined business model International sales and service network Strong growth strategy Experienced and highly committed employees Highest product and service quality 53
54 Annual General Meeting 2010 Munich, May 28,
Results Q May 12, Dr.-Ing. Georg Sick (CEO and President) - Mag. Günther C. Binder (CFO) Reference (apr02)
Results Q1 2010 May 12, 2010 Dr.-Ing. Georg Sick (CEO and President) - Mag. Günther C. Binder (CFO) 1 Overview Summary Q1 2010 Financials Q1 Outlook Wacker Neuson on bauma fair in April: visitors were
More informationWacker Neuson SE. Analyst conference results for Q May 14, Dr.-Ing. Georg Sick, CEO - Mag. Günther Binder, CFO.
Wacker Neuson SE Analyst conference results for Q1 2009 May 14, 2009 Dr.-Ing. Georg Sick, CEO - Mag. Günther Binder, CFO Overview Summary Q1 2009 Financials Q1 2009 Outlook 2 Wacker Neuson SE maintained
More informationWacker Neuson SE. June 2016
Wacker Neuson SE June 2016 1 Agenda The Company Outlook Financials 2 Product range covers customer needs Light Equipment Compact Equipment Service Concrete Technology Soil and asphalt compaction Excavation
More informationAnnual General Meeting 2013 Management report Munich, May
Annual General Meeting 2013 Management report Munich, May 28 2013 Cem Peksaglam (CEO) Overview Financial year 2012 Annual General Meeting Financials Q1/13 Share bauma 2013 Strategy & Outlook 2 Summary
More informationWacker Neuson SE. November 2015
Wacker Neuson SE November 205 Agenda The Company Outlook Financials 2 Product range covers customer needs Light Equipment Compact Equipment Service Concrete Technology Soil and asphalt compaction Excavation
More informationWacker Neuson SE H1/18 Conference Call. Martin Lehner (CEO), Wilfried Trepels (CFO) August 7, 2018
Wacker Neuson SE H1/18 Conference Call Martin Lehner (CEO), Wilfried Trepels (CFO) August 7, 218 Agenda H1/18 Overview Financials Outlook 2 Key Figures Q2/18 H1/18 Revenue yoy EBIT yoy Adj. EBIT yoy Revenue
More informationWacker Neuson Group Quarterly report Q3/2018. November 8, 2018, unaudited
Wacker Neuson Group Quarterly report Q3/2018 November 8, 2018, unaudited Foreword Dear Ladies and Gentlemen, In the third quarter of 2018, the Wacker Neuson Group continued to build on its success from
More informationQ2/ Sales almost +++ at last year s level Sales +++ on the up in China Wacker Construction Equipment AG Half-year report
Q2/2007 Wacker Construction Equipment AG Half-year report Region Europa Region Amerika Region Europa Region Asien 0.1 +++ Sales almost +++ at last year s level Strong share +++ performance +++ 25.5 65
More informationWacker Neuson SE Press Conference, Analysts and Investors Conference Results FY 2017
Wacker Neuson SE Press Conference, Analysts and Investors Conference Results FY 2017 Martin Lehner (CEO), Wilfried Trepels (CFO), Alexander Greschner (CSO) March 20, 2018 Agenda Overview Strategy 2022
More informationNEMETSCHEK GROUP Company Presentation. October 2015
NEMETSCHEK GROUP Company Presentation October 2015 1 Agenda NEMETSCHEK GROUP: In brief.......3 Strategy... 6 Financials: First half of 2015.....12 NEMETSCHEK share.......21 Outlook.....25 Contact......27
More informationAnnual Report Our story our success.
Annual Report 2015 Our story our success. Figures at a Glance 2015 WACKER NEUSON GROUP AT DECEMBER 31 IN MILLION 2015 2014 Changes Key figures Revenue 1,375.3 1,284.3 7.1% EBITDA 171.3 196.3-12.7% Depreciation
More informationDEUTZ Investor Presentation March 2017
DEUTZ Investor Presentation March 2017 Agenda DEUTZ strategy & positioning Financials Outlook 2 DEUTZ at a glance Founded in 1864 by N.A. Otto, the developer of the four stroke engine Company profile Independent
More informationWacker Neuson SE Q3/18 Conference Call. Martin Lehner (CEO), Wilfried Trepels (CFO) November 8, 2018
Wacker Neuson SE Q3/18 Conference Call Martin Lehner (CEO), Wilfried Trepels (CFO) November 8, 218 Agenda Q3/18 Overview Financials Outlook 2 Key figures Q3/18 9M/18 Revenue yoy EBIT yoy Adj. EBIT yoy
More informationPress Release May 31, 2017
ISRA VISION AG: 1st half year 2016 / 2017 A further step to 150 +: Revenues and EBT each grow by +11% Double-digit growth in the first six months ISRA continues growth path with high order backlog Revenues
More informationWacker Neuson SE. April, 2017
Wacker Neuson SE April, 2017 1 Agenda The Company Outlook Highlights FY 2016 Financials 2 Product range covers customer needs Light Equipment Compact Equipment Services Concrete technology Compaction Excavation
More informationH1/2018. Half-year report
H1/ Half-year report Figures at a glance Key figures Apr. 1 Apr. 1 2017 Change Jan. 1 Jan. 1 2017 Change Revenue 454.6 425.2 7% 825.1 763.7 8% by region Europe 331.4 307.5 8% 599.2 555.7 8% Americas 110.1
More information2009 1H Investor Meeting. July 2009
2009 1H Investor Meeting July 2009 This presentation contains preliminary figures which may be materially different from the final figures. While the statements in this presentation represent our current
More informationAchieving our goals and. Annual Meeting of Shareholders. poised for growth
Achieving our goals and poised for growth Conference call for the year and quarter ended December 31, 2016 Forward-Looking Statements (For definitions of capitalized terms, please refer to the Glossary
More informationFUCHS PETROLUB SE The leading independent lubricants manufacturer of the world
FUCHS PETROLUB SE The leading independent lubricants manufacturer of the world Dr. Alexander Selent, Vice Chairman & CFO Dagmar Steinert, Head of Investor Relations DZ BANK Equity Conference on 18 and
More informationPress Release February 28, 2018
ISRA VISION AG: First quarter 2017 / 2018 revenues grow by approx. +10 %, EBT by +11 % ISRA starts dynamically into the new financial year: Guidance again double-digit Revenues at 31.2 million euros, plus
More informationBUSINESS YEAR 2017/18 2 nd QUARTER, 1 st HALF
BUSINESS YEAR 2017/18 2 nd QUARTER, 1 st HALF Investor Relations November 2017 www.voestalpine.com OVERVIEW BUSINESS MODEL» voestalpine is a leading technology and capital goods group with combined material
More informationWacker Neuson SE. May 2018
Wacker Neuson SE May 2018 Agenda Overview Financials Q1/18 Outlook 2 Product range to meet the full spectrum of customer needs Light Equipment Compact Equipment Services Concrete technology Compaction
More informationWacker Neuson SE March, 2018
Wacker Neuson SE March, 2018 Agenda The Company Outlook Highlights FY 2017 2 Product range to meet the full spectrum of customer needs Light Equipment Compact Equipment Services Concrete technology Compaction
More informationFUCHS GROUP. In Motion. Investor Presentation, November 2017 Dagmar Steinert, CFO Thomas Altmann, Head of Investor Relations
FUCHS GROUP In Motion Investor Presentation, November 2017 Dagmar Steinert, CFO Thomas Altmann, Head of Investor Relations Agenda 01 02 03 04 The Leading Independent Lubricants Company Q1-3 2017 Shares
More informationFUCHS PETROLUB SE The leading independent lubricants manufacturer of the world
The leading independent lubricants manufacturer of the world Dr. Alexander Selent, Vice Chairman & CFO Dagmar Steinert, Head of Investor Relations Main First Bank, Zurich, 5 June 2014 The leading independent
More informationBAUER Aktiengesellschaft
BAUER Aktiengesellschaft Group Presentation First Quarter 2011 Foundation works in Jakarta, Indonesia 11-5-13 IR-Presentation_AnalystConference_Q12011 BAUER AG, D-86529 Schrobenhausen Key Figures FY 2010
More informationFUCHS GROUP. Setting Standards - Worldwide
FUCHS GROUP Setting Standards - Worldwide dbaccess German, Swiss & Austrian Conference, 8 th June 2016, Berlin Stefan Fuchs, CEO Thomas Altmann, Investor Relations Agenda 01 The Leading Independent Lubricants
More information2011 2Q Investor Meeting. July 2011
2011 2Q Investor Meeting July 2011 Disclaimer This presentation contains preliminary figures which may be materially different from the final figures. The financial information in this document are consolidated
More informationWelcome to the conference call Dürr AG. Results January-March 2007 Dürr Group
Welcome to the conference call Dürr AG Results January-March 2007 Dürr Group Stuttgart, May 10, 2007 Disclaimer This presentation has been prepared independently by Dürr AG ( Dürr ). The presentation contains
More informationFUCHS GROUP. Setting Standards - Worldwide
FUCHS GROUP Setting Standards - Worldwide Commerzbank Sector Conference, 30 th August 2016, Frankfurt Dagmar Steinert, CFO Thomas Altmann, Investor Relations Agenda 01 The Leading Independent Lubricants
More informationFUCHS GROUP. In Motion. Investor Presentation, January 2018 Dagmar Steinert, CFO Thomas Altmann, Head of Investor Relations
FUCHS GROUP In Motion Investor Presentation, January 2018 Dagmar Steinert, CFO Thomas Altmann, Head of Investor Relations Agenda 01 02 03 04 The Leading Independent Lubricants Company Q1-3 2017 Shares
More informationSiemens Gamesa Renewable Energy Q3 18 Results
Siemens Gamesa Renewable Energy Q3 18 Results 27 July 2018 Disclaimer This material has been prepared by Siemens Gamesa Renewable Energy, and is disclosed solely for information purposes. This document
More informationWACKER CHEMIE AG 1 st Quarter 2009 CALL NOTE
WACKER CHEMIE AG 1 st Quarter 2009 CALL NOTE Dr. Rudolf Staudigl (CEO), Dr. Joachim Rauhut (CFO) April 30, 2009 CREATING TOMORROW'S SOLUTIONS DISCLAIMER The information contained in this presentation is
More informationLloyd Fonds AG. Accumulate (unchanged) Target: Euro 0.75 (unchanged)
Accumulate (unchanged) Target: Euro 0.75 (unchanged) 4 June 14 Price (Euro) 0.50 High / Low (52 weeks) 0.64 / 0.36 Key data Country Germany Market Segment Entry Standard Securities ID-Number 617487 ISIN
More informationFUCHS GROUP. Setting Standards - Worldwide. Company Presentation, March 2017 Dagmar Steinert, CFO Thomas Altmann, Head of Investor Relations
FUCHS GROUP Setting Standards - Worldwide Company Presentation, March 2017 Dagmar Steinert, CFO Thomas Altmann, Head of Investor Relations Agenda 01 The Leading Independent Lubricants Company 02 FY 2016
More informationFUCHS GROUP. In Motion. Investor Presentation, September 2017 Dagmar Steinert, CFO Thomas Altmann, Head of Investor Relations
FUCHS GROUP In Motion Investor Presentation, September 2017 Dagmar Steinert, CFO Thomas Altmann, Head of Investor Relations Agenda 01 02 The Leading Independent Lubricants Company H1 2017 03 Shares 04
More informationFUCHS GROUP. In Motion. Investor Presentation, June 2017 Stefan Fuchs, CEO Thomas Altmann, Head of Investor Relations
FUCHS GROUP In Motion Investor Presentation, June 2017 Stefan Fuchs, CEO Thomas Altmann, Head of Investor Relations Agenda 01 The Leading Independent Lubricants Company 02 Q1 2017 03 Shares 04 Appendix
More informationFUCHS GROUP. In Motion. Company Presentation, May 2017 Dagmar Steinert, CFO Thomas Altmann, Head of Investor Relations
FUCHS GROUP In Motion Company Presentation, May 2017 Dagmar Steinert, CFO Thomas Altmann, Head of Investor Relations Agenda 01 The Leading Independent Lubricants Company 02 Q1 2017 03 Shares 04 Appendix
More informationBUSINESS YEAR 2017/18 1 st QUARTER
BUSINESS YEAR 2017/18 1 st QUARTER Investor Relations September 2017 www.voestalpine.com voestalpine GROUP OVERVIEW» voestalpine is a leading technology and capital goods group with combined material and
More informationFUCHS GROUP. Setting Standards - Worldwide. September 2016, Munich Dagmar Steinert, CFO Thomas Altmann, Investor Relations
FUCHS GROUP Setting Standards - Worldwide September 2016, Munich Dagmar Steinert, CFO Thomas Altmann, Investor Relations Agenda 01 The Leading Independent Lubricants Company 02 H1 2016 03 Shares 04 Appendix
More informationQ1-Q results 8 November 2016 Dr Helmut Leube, CEO Dr Margarete Haase, CFO
Q1-Q3 2016 results 8 November 2016 Dr Helmut Leube, CEO Dr Margarete Haase, CFO Agenda Review Q1-Q3 2016 Outlook Annex 2 Key figures Q1-Q3 2016 yoy Q3 2016 yoy New orders 935.3 +0.3% 258.1-1.6% Revenue
More informationFinancial Results FY 2009 VTG AG On a safe track to a sustainable future
Financial Results FY 2009 VTG AG On a safe track to a sustainable future Hamburg, April 20 th 2010 Speakers: Dr. Heiko Fischer, CEO Dr. Kai Kleeberg, CFO Table of content 1 Executive Summary 2 Top Priorities
More informationNEMETSCHEK GROUP Company Presentation. January 2016
NEMETSCHEK GROUP Company Presentation January 2016 1 Agenda NEMETSCHEK GROUP: In Brief.......3 Strategy... 8 Financials: 9 Months 2015.........12 NEMETSCHEK Share..........22 Outlook.....26 Contact......28
More informationJPMorgan. Basics and Industrials Conference. New York, NY
JPMorgan Basics and Industrials Conference New York, NY June 11, 2007 Forward Looking Statements & Non-GAAP Measures This presentation includes forward-looking statements within the meaning of the Private
More informationBUILDING THE FUTURE TOGETHER HALF YEAR REPORT AS OF JUNE 30, 2017
HALF YEAR REPORT AS OF JUNE 30, 2017 BUILDING THE FUTURE TOGETHER To our shareholders Patrik Heider, Spokesman of the Executive Board and CFOO The Nemetschek Group has continued on its course of dynamic
More informationOn track! Results for Q1 Q3 2017
On track! Results for Q1 Q3 2017 Technology-based financial services Investment highlights in Q1 Q3 2017 and forecast for 2017 Key figures for Q1 Q3 2017 (yoy) Revenue: 143.7 million (+27%) EBIT: 18.6
More informationBAUER Aktiengesellschaft
BAUER Aktiengesellschaft Group Presentation First Quarter 2012 In-house exhibition in Schrobenhausen, Germany Key Figures FY 2011 1,600 Total Group revenues (in EUR million) 1,527 1,276 1,304 1,372 120
More informationQ Conference Call Presentation. Dr. Christoph von Plotho, CEO Rainer Irle, CFO July 31, 2015
Q2 2015 Conference Call Presentation Dr. Christoph von Plotho, CEO Rainer Irle, CFO Disclaimer The information contained in this presentation is for background purposes only and is subject to amendment,
More informationSiemens Gamesa Renewable Energy Q Results
Siemens Gamesa Renewable Energy Q2 208 Results 04 May 208 Disclaimer This material has been prepared by Siemens Gamesa Renewable Energy, and is disclosed solely for information purposes. This document
More informationFUCHS PETROLUB AG The leading independent lubricants manufacturer of the world
The leading independent lubricants manufacturer of the world Dr. Alexander Selent, Vice Chairman & CFO Dagmar Steinert, Head of Investor Relations April 2013 FUCHS the leading independent lubricants manufacturer
More informationFUCHS GROUP. New Thinking. Investor Presentation, June 2018 Dagmar Steinert, CFO Thomas Altmann, Head of Investor Relations
FUCHS GROUP New Thinking Investor Presentation, June 2018 Dagmar Steinert, CFO Thomas Altmann, Head of Investor Relations Agenda 01 02 03 04 The Leading Independent Lubricants Company Q1 2018 Shares Appendix
More informationGigaset increases EBITDA and confirms outlook
Gigaset increases EBITDA and confirms outlook Consolidated revenue from continuing in the second quarter: 96.8 million (Q2/2012: 93.4 million). EBITDA from continuing in the second quarter: 6.4 million
More informationCONFERENCE CALL Q May 2010
CONFERENCE CALL Q1 2010 12 May 2010 Agenda Overview Q1 2010 Dr Helmut Leube, Chairman of the Management Board Key performance indicators Q1 2010 Dr Margarete Haase, CFO Outlook and "MOVE FAST" programme
More information/ Ancenis, 30 July 2018 The board of directors of Manitou BF, meeting on this day, closed the accounts for the
Manitou: 2018 Half-year results H1'18 net sales of 941m* up +17% vs. H1'17 and +18% on a comparable basis** Q2 machine order intake of 371m vs. 408m in Q2'17 H1 machine order intake of 926m vs. 842m in
More informationFUCHS PETROLUB SE The leading independent lubricants manufacturer of the world
The leading independent lubricants manufacturer of the world Dr. Alexander Selent, Vice Chairman & CFO Dagmar Steinert, Head of Investor Relations January 2015 The leading independent lubricants manufacturer
More informationAnalysts Conference Full Year Results 2004 Frankfurt, March 22, pm
Analysts Conference Full Year Results 2004 Frankfurt, March 22, 2005 3.00pm Page 4 Page 17 Page 32 Presentation of Dr Wolfgang Reitzle President & CEO, Linde AG Presentation of Dr Peter Diesch CFO, Linde
More informationFinancial Results. for the six months ended June 30, Shigeru Kimura
Financial Results for the six months ended June 30, 2017 Shigeru Kimura Director and Senior Managing Executive Officer, General Manager of Planning & Control Headquarters August 9, 2017 Financial Summary
More informationFUCHS GROUP. Setting Standards - Worldwide. Company Presentation, January 2017 Dagmar Steinert, CFO Thomas Altmann, Head of Investor Relations
FUCHS GROUP Setting Standards - Worldwide Company Presentation, January 2017 Dagmar Steinert, CFO Thomas Altmann, Head of Investor Relations Agenda 01 The Leading Independent Lubricants Company 02 Q1-3
More informationFUCHS PETROLUB SE The leading independent lubricants manufacturer of the world
FUCHS PETROLUB SE The leading independent lubricants manufacturer of the world Dr. Alexander Selent, Vice Chairman & CFO Reiner Schmidt, GMC-Member Warburg Highlights - Handout June 2015 The leading independent
More informationfor the year ended December 31, 2016
Financial Results for the year ended December 31, 2016 Shigeru Kimura Director and Senior Managing Executive Officer, General Manager of Planning & Control Headquarters February 20, 2017 Financial Summary
More informationOSRAM holding its ground in a difficult market environment
www.osram.com OSRAM holding its ground in a difficult market environment Q3 FY18 Earnings Release (unaudited figures) August 1, 2018 Light is OSRAM Disclaimer This presentation may contain forward-looking
More informationInvestor Relations im Transformationsprozess
Investor Relations im Transformationsprozess IR Next München, 2 November 2016 Razón Telefónica social Deutschland 00.00.2015 Investor Relations Public Nicht vertraulich Telefónica Deutschland and IR team
More informationPress Release December 15, 2016
ISRA VISION AG: 2015/2016 financial year Strong, double-digit growth for the full year: Revenues +15 %, EBT +15 % ISRA with high growth rates in the 2015 / 2016 financial year Revenues and EBT exceed forecast
More informationNemetschek Group. Financial Highlights Second Quarter / Half Year 2018 July 27, 2018
Nemetschek Group Financial Highlights Second Quarter / Half Year 2018 July 27, 2018 Top key figures Q2 2018: Accelerated growth with high profitability Revenues m Recurring revenues m EBITDA m EPS 97,7
More informationBAUER AG. Group Presentation Full year BAUER AG, D Schrobenhausen IR-Presentation_FY_2014
BAUER AG Group Presentation Full year 2014 Key Figures FY 2014 FY 2013* in EUR million FY 2014 in EUR million FY in % Total Group revenues, of which - Germany - International - Construction - Equipment
More informationGEA announces figures for the first quarter
Quarterly Statement January 1 to March 31, GEA announces figures for the first quarter Thanks to robust growth in small and mid-sized orders, GEA s order intake in the first quarter of almost matched the
More informationInterim Report 3m 2015
May 07, 2015 Interim Report 3m 2015 Investors and Analysts Conference Call on May 07, 2015 Andreas Müller, Head of Corporate Accounting & Tax / IR Bettina Schneider, Deputy Head IR 3m 2015: Highlights
More informationFUCHS GROUP. Investor Presentation. November 2018 Dagmar Steinert, CFO Thomas Altmann, Head of Investor Relations
FUCHS GROUP Investor Presentation November 2018 Dagmar Steinert, CFO Thomas Altmann, Head of Investor Relations Agenda 01 02 03 04 The Leading Independent Lubricants Company Q1-3 2018 Shares Appendix l
More informationBAUER AG. Group Presentation First half-year Old carpentry shop Esslingen, Germany IR-Presentation_HY_2013
BAUER AG Group Presentation First half-year 2013 Old carpentry shop Esslingen, Germany Key Figures HY 2013 in EUR million 1,600 Total Group revenues in EUR million 1,304 1,371 1,446 701.5 724.5 39.8 34.1
More informationFUCHS GROUP. New Thinking. Investor Presentation, September 2018
FUCHS GROUP New Thinking Investor Presentation, September 2018 Agenda 01 02 03 04 The Leading Independent Lubricants Company H1 2018 Shares Appendix l 2 01 The Leading Independent Lubricants Company FUCHS
More informationBuilding a retail powerhouse in Europe s biggest economy
Building a retail powerhouse in Europe s biggest economy Member of the Management Board Head of Private & Business Clients Cheuvreux 10 th German Corporate Conference Frankfurt, 17 January financial transparency.
More informationFUCHS PETROLUB SE The leading independent lubricants manufacturer of the world
The leading independent lubricants manufacturer of the world Dr. Alexander Selent, Vice Chairman & CFO Dagmar Steinert, Head of Investor Relations September 2014 The leading independent lubricants manufacturer
More informationKONE Q APRIL 25, 2018 HENRIK EHRNROOTH, PRESIDENT & CEO ILKKA HARA, CFO
KONE 2018 APRIL 25, 2018 HENRIK EHRNROOTH, PRESIDENT & CEO ILKKA HARA, CFO 2018 Highlights Solid growth in orders received with stabilizing margins Profitability continued to be burdened Good progress
More informationInterim report January 1 to March 31, 2012
Interim report January 1 to March 31, 2012 The first three months of 2012 at a glance Highlights Dynamic start into the year 2012 Sales growth of 11.8 % to EUR 18.9 million Earnings margins at the 2011
More informationFUCHS GROUP. Setting Standards - Worldwide. Roadshow Presentation November 2016 Dagmar Steinert, CFO Thomas Altmann, Investor Relations
FUCHS GROUP Setting Standards - Worldwide Roadshow Presentation November 2016 Dagmar Steinert, CFO Thomas Altmann, Investor Relations Agenda 01 The Leading Independent Lubricants Company 02 Q1-3 2016 03
More informationInvestors Conference HSBC SRI Conference. February 7, 2017, Frankfurt. Driving transformation. Shaping the future.
Investors Conference HSBC SRI Conference February 7, 2017, Frankfurt Driving transformation. Shaping the future. Disclaimer Note: This presentation contains statements concerning the future business trend
More informationANNUAL RESULTS PRESS CONFERENCE. Financial year 2007
ANNUAL RESULTS PRESS CONFERENCE Financial year 2007 Cologne, 27 March 2008 Agenda Highlights of financial year 2007 Dr Helmut Leube, Chairman of the Management Board Key performance indicators for 2007
More informationFUCHS GROUP. Financial Results Analyst s Conference, 21 st March 2018, Frankfurt Stefan Fuchs, CEO Dagmar Steinert, CFO
FUCHS GROUP Financial Results 2017 Analyst s Conference, 21 st March 2018, Frankfurt Stefan Fuchs, CEO Dagmar Steinert, CFO Highlights FY 2017 Sales +9% to 2.5 bn Strong organic growth in Asia-Pacific,
More informationASV HOLDINGS, INC. (Exact Name of Registrant as Specified in Charter)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event
More informationFinancial Results. for the year ended December 31, Shigeru Kimura
Financial Results for the year ended December 31, 2017 Shigeru Kimura Director and Senior Managing Executive Officer, General Manager of Planning & Control Headquarters February 21, 2018 Financial Summary
More informationCaterpillar Inc. UNDERPERFORM ZACKS CONSENSUS ESTIMATES (CAT-NYSE)
February 25, 2015 Caterpillar Inc. (CAT-NYSE) Current Recommendation Prior Recommendation Neutral Date of Last Change 02/22/2015 Current Price (02/24/15) $84.50 Target Price $77.00 SUMMARY DATA UNDERPERFORM
More informationFUCHS GROUP. New Thinking. Investor Presentation, March 2018 Thomas Altmann, Head of Investor Relations
FUCHS GROUP New Thinking Investor Presentation, March 2018 Thomas Altmann, Head of Investor Relations Agenda 01 02 03 04 The Leading Independent Lubricants Company FY 2017 Shares Appendix l 2 01 The Leading
More informationInterim Report 9m Investors and Analysts Conference Call on November 10, 2009 Herbert Bodner, CEO
Interim Report 9m 2009 Investors and Analysts Conference Call on November 10, 2009 Herbert Bodner, CEO 9m 2009: Highlights Increased earnings in services business Risk provision in Civil Outlook confirmed
More informationShaping digital transformation. Unicredit & Kepler Cheuvreux GCC, Frankfurt
Shaping digital transformation Unicredit & Kepler Cheuvreux GCC, Frankfurt Business model January 2018 Unicredit & Kepler Cheuvreux GCC 2 TAKKT is a portfolio of B2B direct marketing specialists January
More informationFUCHS PETROLUB SE. manufacturer of the world. Dr. Alexander Selent, Vice Chairman & CFO. April 2015
The leading independent lubricants manufacturer of the world Dr. Alexander Selent, Vice Chairman & CFO DagmarSteinert Steinert, Headof Investor Relations April 2015 The leading independent lubricants manufacturer
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) 2 November 2004 No. 12/04 ASSA ABLOY: CONTINUED STRONG ORGANIC GROWTH IN THE THIRD QUARTER Sales in the third quarter increased organically by 6% to SEK
More informationQUARTERLY STATEMENT 9M January 1 to September 30, 2018
QUARTERLY STATEMENT 9M 2018 January 1 to September 30, 2018 2 STRATEC Quarterly Statement 9M 2018 STRATEC REPORTS FIGURES FOR THE FIRST NINE MONTHS OF 2018 Organic sales decline of 4.8 % to 134.6 million
More informationNemetschek Group. Financial Highlights Third Quarter / 9 Months Results 2018 October 30, 2018
Nemetschek Group Financial Highlights Third Quarter / 9 Months Results 2018 October 30, 2018 Top key figures Q3 2018: Continued fast, double-digit growth and strong increase in earnings Revenues m Recurring
More informationAnalyst Conference Drägerwerk AG & Co. KGaA. March 7 th 2019
Analyst Conference Drägerwerk AG & Co. KGaA March 7 th 2019 Disclaimer This presentation does not constitute an offer of securities for sale or a solicitation of an offer to purchase any securities. No
More informationDeutsche Telekom: Deutsche Telekom brings the 2010 financial year to a successful c... Page 1 of 11 Media > Press releases > Company Print with big images Print Deutsche Telekom brings the 2010 financial
More informationFinancial Year 2011 Results. Frankfurt. Schaeffler Group March 20, 2012
Financial Year 2011 Results Schaeffler Group March 20, 2012 Frankfurt Page 1 Agenda Overview 2011 Results 2011 Senior Refinancing Outlook Page 2 1 Overview 2011 Targets overachieved Growth Profitability
More informationBAUER Aktiengesellschaft
BAUER Aktiengesellschaft Analyst Conference fiscal year 2011 Munich, April 13, 2012 In-house exhibition in Schrobenhausen, Germany Key Figures FY 2011 1,600 Total Group revenues (in EUR million) 1,527
More informationFinancial Year 2009/10 2nd Quarter, 1st Half
Financial Year 2009/10 2nd Quarter, 1st Half Investor Relations November 2009 www.voestalpine.com Back on track after successful crisis management Steel Special Steel Railway Systems Profilform Automotive
More informationFUCHS GROUP. Setting Standards - Worldwide. FUCHS Capital Market Day, 8 th September 2016, Mannheim Stefan Fuchs, CEO Dagmar Steinert, CFO
FUCHS GROUP Setting Standards - Worldwide FUCHS Capital Market Day, 8 th September 2016, Mannheim Stefan Fuchs, CEO Dagmar Steinert, CFO The executive board Stefan Fuchs: CEO, Corporate Development, HR,
More informationPhilips Lighting reports first quarter sales of EUR 1.5 billion and operational profitability of 7%
Press release April 26, 2018 Philips Lighting reports first quarter sales of EUR 1.5 billion and operational profitability of 7% 2018 highlights¹ Sales of EUR 1,501 million, a comparable decrease of 3.5%
More informationSteady top line growth in a mixed market
Steady top line growth in a mixed market Orders and revenues increased 1, orders steady to higher in all regions Operational EBITDA 2 and margin lower vs Q2 2011, margin up 1% point vs Q1 2012 Thomas &
More informationQ Results. Strong start in May 3, 2016
Q1 2016 Results Strong start in 2016 May 3, 2016 Legal Disclaimer Information in this presentation may involve guidance, expectations, beliefs, plans, intentions or strategies regarding the future. These
More informationSoftware AG 4 th Quarter & Full-Year 2011 Results (IFRS, unaudited) January 24, 2012
Software AG 4 th Quarter & Full-Year Results (IFRS, unaudited) January 24, 2012 January 24, 2012 2 Safe-Harbor-Statement This presentation contains forward-looking statements based on beliefs of Software
More informationANNUAL SHAREHOLDERS MEETING 2012
ANNUAL SHAREHOLDERS MEETING 2012 Claus-Dietrich Lahrs (CEO) Stuttgart, May 3, 2012 May 3, 2012 2 / 44 AGENDA OPERATIONAL HIGHLIGHTS 2011 FINANCIAL YEAR OUTLOOK May 3, 2012 3 / 44 AGENDA OPERATIONAL HIGHLIGHTS
More informationQ Conference Call Presentation. Dr. Christoph von Plotho, CEO Rainer Irle, CFO October 29, 2015
Q3 2015 Conference Call Presentation Dr. Christoph von Plotho, CEO Rainer Irle, CFO Disclaimer The information contained in this presentation is for background purposes only and is subject to amendment,
More information