Solar A/s Class B · OMXCOP:SOLAR_B
Solar A/s Class B — Q1 2018 Earnings Presentation
11 slides from Solar A/s Class B's earnings presentation, 2018
Slide 1: Presentation of Quarterly Report Q1 2018
Presentation of Quarterly Report Q1 2018 by CEO Jens Andersen and CFO Michael Jeppesen
Slide 2: Agenda
Quarterly Report Q1 2018 Agenda 1. Business update 2. The results we achieved in Q1 2018 3. Outlook 2018 4. Q&A 2
Slide 3: Update on our business activities
Quarterly Report Q1 2018 Update on our business activities Business update We see business development within our strategic focus areas: ● Strategic suppliers: We pursue growth opportunities in concept sales – our current focus is on Solar Project and Solar Netto Light. ● Industry focus: Our intensi
Slide 4: Organic growth of 4.4% adjusted for number of working days
Quarterly Report Q1 2018 The results we achieved in Q1 2018 Organic growth of 4.4% adjusted for number of working days Organic growth, adjusted for number of working days Q1 Q1 2018 2017 10% 9% Revenue, DKK million 2,828 2,838 8% Revenue growth, % -0.4 13.5 7% Adj. organic growth, % 4.4 4.5 6% 5% 4%
Slide 5: Positive growth in Denmark and the Netherlands
Quarterly Report Q1 2018 The results we achieved in Q1 2018 Positive growth in Denmark and the Netherlands Update on the installation segment: Q1 2018 Q1 2018 DKK million Revenue Adj. org. growth ● Last quarter’s slowdown in Scandinavia continued in Q1 when we saw slightly negative growth, particula
Slide 6: EBITA amounted to DKK 66m and was on par with expectations
Quarterly Report Q1 2018 The results we achieved in Q1 2018 EBITA amounted to DKK 66m and was on par with expectations EBITA margin Q1 Q1 3% 2018 2017 2.4% -0.7% 0.5% 0.0% 0.0% 2.3% Revenue, DKK million 2,828 2,838 2% 0.1% Revenue growth, % -0.4 13.5 1% Adj. organic growth, % 4.4 4.5 Gross profit, D
Slide 7: Revenue and results were negatively affected by the early timing of Easter
Quarterly Report Q1 2018 The results we achieved in Q1 2018 Revenue and results were negatively affected by the early timing of Easter compared to Q1 2017 DKK million Revenue EBITA Invested capital Q1 2018 2017 2018 2017 2018 2017 Core business 2,677 2,725 74 74 1,762 1,729 Related business 151 113
Slide 8: Usual seasonal fluctuations impacted net working capital
Quarterly Report Q1 2018 The results we achieved in Q1 2018 Usual seasonal fluctuations impacted net working capital Cash flow Cash flow, operating activities DKK DKK million -66 -216 million 0 100 91 -26 80 -11 8 -140 -50 -39 60 40 -100 -41 20 -39 0 -75 -150 -20 39 -40 -200 -60 5 0 -80 -250 -100 Q4
Slide 9: Net working capital percentage increased compared to Q1 2017
Quarterly Report Q1 2018 The results we achieved in Q1 2018 Net working capital percentage increased compared to Q1 2017 - gearing at 1.8 primarily impacted by investment in digital improvements Net working capital average (NWC) Net interest-bearing debt (NIBD) DKK DKK No. of million 800 million tim
Slide 10: Outlook 2018
Quarterly Report Q1 2018 Outlook 2018 Guidance reconfirmed: Revenue approx. DKK 11.4bn and EBITA of approx. DKK 345m Planned EBITA improvements of DKK 60m • For 2018, we expect revenue of approx. DKK 11.4bn corresponding to organic growth of approx. 4%. DKK million Core Related Group Within core bus
Slide 11: Questions & answers
Quarterly Report Q1 2018 Questions & answers Q&A Solar is a leading sourcing and services company Our core business centres on product sourcing, value-adding services and optimisation of our customers’ businesses 11