Solar A/s Class B · OMXCOP:SOLAR_B
Solar A/s Class B — Q1 2016 Earnings Presentation
10 slides from Solar A/s Class B's earnings presentation, 2016
Slide 1: Quarterly Report Q1 2016
Quarterly Report Q1 2016
Slide 2: Agenda
Quarterly Report Q1 2016 Agenda 1. The results we achieved in Q1 2016 2. Outlook 2016 3. CEO update 4. Q&A 2
Slide 3: The results we achieved in Q1 2016
Quarterly Report Q1 2016 The results we achieved in Q1 2016 Adjusted for number of working days, organic growth amounted to 1.2% versus 5.8% in Q1 2015 Organic growth, adjusted for number of working days Q1 2016 Q1 2015 12% Revenue, DKK million 2,656 2,645 10% Revenue growth, % 0.4 2.3 8% Adj. organ
Slide 4: Positive growth in Denmark, Sweden and other markets compensated for negative growth in Norway and Benelux
Quarterly Report Q1 2016 The results we achieved in Q1 2016 Positive growth in Denmark, Sweden and other markets compensated for negative growth in Norway and Benelux Update on the installation segment: DKK million Q1 2016 Q1 2016 ● Low construction activity levels had an Revenue Adj. org. growth ov
Slide 5: EBITA amounted to DKK 52m in Q1 2016 and was impacted by the early timing of Easter
Quarterly Report Q1 2016 The results we achieved in Q1 2016 EBITA amounted to DKK 52m in Q1 2016 and was impacted by the early timing of Easter versus Q1 2015 EBITA margin Q1 2016 Q1 2015 3% 2.3% -0.2% Revenue, DKK million 2,656 2,645 -0.1% -0.4% 0.1% 2.0% 0.3% 2% Revenue growth, % 0.4 2.3 0.0% 1% A
Slide 6: Cash flow at DKK -364m in Q1
Quarterly Report Q1 2016 The results we achieved in Q1 2016 Cash flow at DKK -364m in Q1 Cash flow Cash flow, operating activities DKK DKK million million 700 100 639 -251 28 -25 600 50 21 -4 -184 -251 0 500 -33 -50 400 -80 -100 300 -3 272 -150 -87 200 -200 100 -250 0 -300 Q42015 Oper. act. Inv. act
Slide 7: Net working capital at 11.6% on average in Q1 2016 against 12.4% in Q1 2015
Quarterly Report Q1 2016 The results we achieved in Q1 2016 Net working capital at 11.6% on average in Q1 2016 against 12.4% in Q1 2015 Net working capital average (NWC) Net interest-bearing debt (NIBD) DKK DKK No. of million 900 million times 1.2 1,400 13.0% 1.0 700 0.8 1,300 12.5% 500 0.6 0.4 1,20
Slide 8: Outlook 2016: Our outlook for 2016 remains unchanged
Quarterly Report Q1 2016 Outlook 2016 Our outlook for 2016 remains unchanged ● The MAG45 acquisition’s impact on revenue is expected to be in the range of DKK 310m but limited on EBITA. ● We expect neither market growth nor organic revenue growth in 2016, and we expect EBITA to remain at 2015 levels
Slide 9: CEO update: Reiterating the 2016 priorities
Quarterly Report Q1 2016 CEO update Reiterating the 2016 priorities ● Maintain focus on short-term strategy; profitable growth ● Strengthen digital front-end ● Strengthen industrial offer ● Continue transformational process (sourcing and services) ● Pursue growth opportunities inside and outside cur
Slide 10: Questions & answers
Quarterly Report Q1 2016 Questions & answers Q&A Solar is a leading European sourcing and services company, operating primarily within the electrical, heating and plumbing, and ventilation technology sectors. Our core business centres on product sourcing, value-adding services and optimisation of ou