First Quarter Release 2015 Telephone Conference April 28, 2015 · 2019. 8. 21. · MSEK 2015 2014...

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© Gunnebo Security Group 28 April 2015, page 1 First Quarter Release 2015 Telephone Conference April 28, 2015

Transcript of First Quarter Release 2015 Telephone Conference April 28, 2015 · 2019. 8. 21. · MSEK 2015 2014...

Page 1: First Quarter Release 2015 Telephone Conference April 28, 2015 · 2019. 8. 21. · MSEK 2015 2014 2014 Net sales 1,397 1,250 5,557 Cost of goods sold -995 -894 -3,911 Gross profit

© Gunnebo Security Group 28 April 2015, page 1

First Quarter Release 2015

Telephone Conference April 28, 2015

Page 2: First Quarter Release 2015 Telephone Conference April 28, 2015 · 2019. 8. 21. · MSEK 2015 2014 2014 Net sales 1,397 1,250 5,557 Cost of goods sold -995 -894 -3,911 Gross profit

© Gunnebo Security Group 28 April 2015, page 2

Increase in order intake of 5% organically

Strong order intake of 38% in Americas and a stable 4% in EMEA

The bank market in India is still weak due to lack of funding in the segment

Strong growth and several orders received within Entrance Security and Cash Handling

Net Sales decreased organically by 3%

Weak quarter in India impacted the operating profit

Adjustment of European cost base continued and is a high priority

Highlights January – March 2015

Page 3: First Quarter Release 2015 Telephone Conference April 28, 2015 · 2019. 8. 21. · MSEK 2015 2014 2014 Net sales 1,397 1,250 5,557 Cost of goods sold -995 -894 -3,911 Gross profit

© Gunnebo Security Group 28 April 2015, page 3

Gunnebo Group January – March

*Free cash flow from operating and investing activities, excluding acquisitions and divestments

*

January - March 2015 2014

Net Sales, MSEK 1,397 1,250

Operating Profit, excluding non-recurring, MSEK 38 38

Operating Margin, excl. non-recurring, % 2.7 3.1

Non-recurring items, MSEK -9 -20

Operating Profit (EBIT), MSEK 29 18

Operating Margin, (%) 2.0 1.5

Free cash flow, MSEK -143 -68

Net Profit, MSEK -11 -3

Page 4: First Quarter Release 2015 Telephone Conference April 28, 2015 · 2019. 8. 21. · MSEK 2015 2014 2014 Net sales 1,397 1,250 5,557 Cost of goods sold -995 -894 -3,911 Gross profit

© Gunnebo Security Group 28 April 2015, page 4

Region Europe, Middle East & Africa (EMEA)

January – March

Growth in order intake

Strong quarter in France with two major Cash Handling orders receivedfrom the retail sector

Frame agreement signed with Swedavia for Entrance Security solutions

Strategic agreement with leading construction company, Galfar, in Oman for solutions within Entrance Security and Electronic Security

Region % of Net Sales

Region Europe, Middle East & Africa

Jan-March Full year

MSEK 2015 2014 2014

Order intake 1,180 1,070 3,620

Organic growth, % 4

Net sales 887 842 3,644

Organic growth, % -3

Operating profit/loss excl. non-recurring items 5 -1 109

Operating margin excl. non-recurring items, % 0.6 -0.1 3.0

Non-recurring items -8 -19 -1

Operating profit/loss -3 -20 108

Page 5: First Quarter Release 2015 Telephone Conference April 28, 2015 · 2019. 8. 21. · MSEK 2015 2014 2014 Net sales 1,397 1,250 5,557 Cost of goods sold -995 -894 -3,911 Gross profit

© Gunnebo Security Group 28 April 2015, page 5

Region Asia-Pacific (APAC)

Region % of Net Sales

January – March

Weak order intake due to lack of funding in the Indian bank sector

Gunnebo China receives major order for Metro

Sensorlink in Malaysia signs an order for Cash Handling equipment

Order received from Samsung Electronics in South-Korea for EntranceSecurity solutions

Region Asia-Pacific

Jan-March Full year

MSEK 2015 2014 2014

Order intake 273 258 987

Organic growth, % -17

Net sales 245 221 1,029

Organic growth, % -12

Operating profit/loss excl. non-recurring items 13 24 140

Operating margin excl. non-recurring items, % 5.3 10.9 13.6

Non-recurring items -1 -1 -9

Operating profit/loss 12 23 131

Page 6: First Quarter Release 2015 Telephone Conference April 28, 2015 · 2019. 8. 21. · MSEK 2015 2014 2014 Net sales 1,397 1,250 5,557 Cost of goods sold -995 -894 -3,911 Gross profit

© Gunnebo Security Group 28 April 2015, page 6

Region Americas

January – March

Strong order intake in several products segments

Work to broaden and introduce new solutions showing positive effect

Growth in net sales primarily relates to Latin America

National bank in Mexico signs order for Electronic Security solutions

Region % of Net SalesRegion Americas

Jan-March Full year

MSEK 2015 2014 2014

Order intake 312 178 826

Organic growth, % 38

Net sales 265 187 884

Organic growth, % 9

Operating profit/loss excl. non-recurring items 20 15 117

Operating margin excl. non-recurring items, % 7.5 8.0 13.2

Non-recurring items 0 0 -4

Operating profit/loss 20 15 113

Page 7: First Quarter Release 2015 Telephone Conference April 28, 2015 · 2019. 8. 21. · MSEK 2015 2014 2014 Net sales 1,397 1,250 5,557 Cost of goods sold -995 -894 -3,911 Gross profit

© Gunnebo Security Group 28 April 2015, page 7

Organic Growth Development by Region January – March 2015

EMEA Asia-PacificAmericas

Orders: 38%Sales: 9%

Orders: -17% Sales: -12%

Orders: 4%Sales: -3%

Page 8: First Quarter Release 2015 Telephone Conference April 28, 2015 · 2019. 8. 21. · MSEK 2015 2014 2014 Net sales 1,397 1,250 5,557 Cost of goods sold -995 -894 -3,911 Gross profit

© Gunnebo Security Group 28 April 2015, page 8

Outlook Market Trends

Europe, Middle East & Africa

Nordic

Central

South

United Kingdom & Ireland

France

Middle East

Africa

Asia-Pacific

India

China

Australia/New Zealand

South-East Asia

Americas

North America

Latin America

Eastern Europe

Page 9: First Quarter Release 2015 Telephone Conference April 28, 2015 · 2019. 8. 21. · MSEK 2015 2014 2014 Net sales 1,397 1,250 5,557 Cost of goods sold -995 -894 -3,911 Gross profit

© Gunnebo Security Group 28 April 2015, page 9

FINANCIALSChristian Johansson

CFO

Page 10: First Quarter Release 2015 Telephone Conference April 28, 2015 · 2019. 8. 21. · MSEK 2015 2014 2014 Net sales 1,397 1,250 5,557 Cost of goods sold -995 -894 -3,911 Gross profit

© Gunnebo Security Group 28 April 2015, page 10

Income Statement

Summary Group income statement

Full year

MSEK 2015 2014 2014

Net sales 1,397 1,250 5,557

Cost of goods sold -995 -894 -3,911

Gross profit 402 356 1,646

Other operating costs, net -373 -338 -1,294

Operating profit/loss 29 18 352

Net financial items -17 -8 -35

Profit/loss after financial items 12 10 317

Taxes -23 -13 -90

Profit/loss for the period -11 -3 227

Gross margin, % 28.8 28.5 29.6

Operating margin, % 2.0 1.5 6.3

Operating profit excl. non-recurring items, MSEK 38 38 366

Operating profit excl. non-recurring items, % 2.7 3.1 6.6

Earnings per share, SEK -0.13 -0.04 2.98

Jan-March

Page 11: First Quarter Release 2015 Telephone Conference April 28, 2015 · 2019. 8. 21. · MSEK 2015 2014 2014 Net sales 1,397 1,250 5,557 Cost of goods sold -995 -894 -3,911 Gross profit

© Gunnebo Security Group 28 April 2015, page 11

Net Sales Organic Growth Quarter vs Quarter (%)

Full yearOrganic Growth

2014: 2%2013: 1%

Page 12: First Quarter Release 2015 Telephone Conference April 28, 2015 · 2019. 8. 21. · MSEK 2015 2014 2014 Net sales 1,397 1,250 5,557 Cost of goods sold -995 -894 -3,911 Gross profit

© Gunnebo Security Group 28 April 2015, page 12

Operating Profit by Quarter (MSEK)

Operating Profit Operating Profit, excl. non-recurring items

Full yearOperating Profit

excl. non-recurring

items

2014: 3662013: 306

Operating Profit

2014: 3522013: 222

* Operating Profit excl. non-recurringitems amounted to 98 MSEK in Q2 2014

*

Page 13: First Quarter Release 2015 Telephone Conference April 28, 2015 · 2019. 8. 21. · MSEK 2015 2014 2014 Net sales 1,397 1,250 5,557 Cost of goods sold -995 -894 -3,911 Gross profit

© Gunnebo Security Group 28 April 2015, page 13

Operating Margin by Quarter (%)

Operating Margin %, Quarter Operating Margin % Quarter, excl. non-recurring items

Operating Margin %, 12M Operating Margin % 12M, excl. non-recurring items

Full yearOperating Margin,

excl. non-recurring

items

2014: 6.62013: 5.8

Operating Margin

2014: 6.32013: 4.2

* Operating Margin,

excl. non-recurring

items

2014 Q2: 6.9

*

Page 14: First Quarter Release 2015 Telephone Conference April 28, 2015 · 2019. 8. 21. · MSEK 2015 2014 2014 Net sales 1,397 1,250 5,557 Cost of goods sold -995 -894 -3,911 Gross profit

© Gunnebo Security Group 28 April 2015, page 14

Free Cash Flow by Quarter (MSEK)

Full year

2014: 2232013: 144

Free Cash Flow 12M

Page 15: First Quarter Release 2015 Telephone Conference April 28, 2015 · 2019. 8. 21. · MSEK 2015 2014 2014 Net sales 1,397 1,250 5,557 Cost of goods sold -995 -894 -3,911 Gross profit

© Gunnebo Security Group 28 April 2015, page 15

Net Debt (MSEK)

Gunnebo AB

Dividend paid

2012 Q2 76

2013 Q2 76

2014 Q2 76

Net debt/Equity: 0,7

Page 16: First Quarter Release 2015 Telephone Conference April 28, 2015 · 2019. 8. 21. · MSEK 2015 2014 2014 Net sales 1,397 1,250 5,557 Cost of goods sold -995 -894 -3,911 Gross profit

© Gunnebo Security Group 28 April 2015, page 16

Financial Calendar

Financial Calendar

Interim report January-June 2015 July 17, 2015

Interim report January-September 2015 October 21, 2015

Year-end release 2015 February 4, 2016

Interim report January-March 2016 April 27, 2016

Page 17: First Quarter Release 2015 Telephone Conference April 28, 2015 · 2019. 8. 21. · MSEK 2015 2014 2014 Net sales 1,397 1,250 5,557 Cost of goods sold -995 -894 -3,911 Gross profit

© Gunnebo Security Group 28 April 2015, page 17

Q&A

Page 18: First Quarter Release 2015 Telephone Conference April 28, 2015 · 2019. 8. 21. · MSEK 2015 2014 2014 Net sales 1,397 1,250 5,557 Cost of goods sold -995 -894 -3,911 Gross profit

© Gunnebo Security Group 28 April 2015, page 18

www.gunnebogroup.com


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