Kjell Åkesson, CEO Nils-Johan Andersson, CFO Q1 Result PDF
Preview Kjell Åkesson, CEO Nils-Johan Andersson, CFO Q1 Result
Lindab | “Simplified Construction”February 2007 “Simplifying Construction” Kjell Åkesson, CEO Nils-Johan Andersson, CFO Q1 Result April 25, 2007 1 Lindab | “Simplified Construction”February 2007 First quarter 2007 – Highlights – ► Sales + 32 % ● Continued good market demand ● Mild winter ● Acquisition ► Operating result (EBITA) + 121% ● Good volume development ● CCL according to plan ► EBITA margin 9.5 % (5.7 ) ● Impact from price/volume ● Core product focus 2 Lindab | “Simplified Construction”February 2007 First quarter 2007 MSEK 2007 2006 Net sales 1 972 1 494 Operating result 188 85 Sales growth 32% (EBITA) Operating margin 9.5 5.7 Structure 11% (EBITA) % Currency effect -2% Net profit 112 51 Cash flow from operating activities -157 -42 Volume / price 23% 3 Lindab | “Simplified Construction”February 2007 First quarter 2007 ― Acquisition developments / Expansion projects ― ► CCL • Yearly turnover 600 MSEK, EBIT margin ~8 % • Synergies 40-45 MSEK within 15 months ► Airbat • Both acquisitions according to plan ► Russia, Moscow, • Ground work started Profile, Building System • Production start 2008 Q2 ► Russia, St Petersburg, • Production start 2007 Q1 Ventilation • 35 employees ► Four new companies / • Bulgaria, Ukraine, Bosnia, Slovakia countries ► Rainline • UK, Russia and CEE efforts ► Ventilation • CEE growth 4 Lindab | “Simplified Construction”February 2007 ― Latest innovation ― Lindab Safe Click SR Cutter ► Introduction ► Switzerland – mid April ► Germany, Belgium – June ► Other European countries – autumn 2007 ► Great interest 5 Lindab | “Simplified Construction”February 2007 First quarter 2007 - Ventilation Period MSEK 07 06 Sales growth 31 % Sales 1 089 832 Structure 20 % EBITA 107 71 Currency effect -3 % EBITA 9.8 8.5 margin % Volume / price 14 % ► Strong volume growth core products ► Low performing countries improved result ► Regional sales development adjusted for structure and currency - Nordic + 12 % - Western + 13 % - CEE + 61 % 6 Lindab | “Simplified Construction”February 2007 First quarter 2007 - Profile Period MSEK 07 06 Sales growth 35 % Sales 868 642 Structure 0 % EBITA 100 31 Currency effect -1 % EBITA 11.5 4.8 margin % Volume / price 36 % ► Strong sales volume in Building Components ► Regional sales development adjusted for structure and currency - Nordic 36 % - Western 14 % - CEE 67 % 7 Lindab | “Simplified Construction”February 2007 Market demand 2007 – Continued strong demand – Regions 2007 07/06 Nordic 4.0 % Increased CEE 7.2 % (incl CIS) demand WE 2.4 % Source: Euroconstruct forecast Dec 2006 adjusted for Lindab Mix - Geographic mix - 20/80 Residential / Commercial - 60/40 New / Renovation 8 Lindab | “Simplified Construction”February 2007 Market Growth Core Products 2007 Taking Market Share from Traditional Products Lindab …replace… ...due to Growth 07 products… Circular duct systems •Rectangular systems •Installation cost 1) •Energy efficiency +++ Rainline •PVC, Zinc •Environment •Durability ++++ •Aesthetics Construline •Wood, bricks, concrete •Building process •Durability/mould +++ resistance Pre-engineered building •Traditional steel •Speed of design systems buildings and erection +++ Core products only 1) 9 Lindab | “Simplified Construction”February 2007 Sales per region Nordic countries 41 42 Central and Eastern Western Europe incl CIS Europe 25 24 29 28 Other 5 6 x Portion of Group sales LTM % x Portion of Group sales 2006 % 10
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