Vattenfall three-month Interim Report 2002 January - March

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Vattenfall three-month Interim Report 2002 January - March"

Transcription

1 1 Vattenfall three-month Interim Report 2002 January - March Presentations by Lars G Josefsson, CEO and Matts Ekman, CFO May 15, 2002

2 2 Highlights Net sales more than doubled to SEK 28.4 billion Return on net assets increased to 10.7 per cent from 9.9 per cent Operating profit increased by 53 per cent to SEK 5.1 billion Acquisition of Bewag completed Integration of the German companies progressing as planned

3 3 Structural changes in 2002 Germany 44.8 per cent of Bewag purchased from Mirant Poland ownership in EW increased by 13.9 per cent to 68.9 (April) Poland two district-heating companies sold to Sydkraft Norway 5.8 per cent stake in Hafslund sold to Sydkraft (April) Germany Agreement with BvS

4 4 Vattenfall Group 2002 (including Bewag) The Nordic Region Germany and Poland * Total Sales, EUR m Electricity generation (TWh) Heat generation (TWh) Employees * Excluding distribution company GZE (32% ownership)

5 5 Vattenfall s vision Vattenfall Group VATTENFALL EUROPE The Formation of Vattenfall Europe is a major step to fulfill Vattenfall's vision: Vattenfall a leading European energy company

6 6 Vattenfall market positions Sweden Finland Germany Poland Electricity generation and sales Top 3 Trading Top 3 on the Nordic Market Top 5 n/a Distribution District Heating 2 small volume 1 1

7 7 Market share in Germany Vattenfall is the third-largest player in the German electricity market which is the largest in Europe, about 40% larger than the total Nordic energy market. Generation Capacity (MW) Electricity Sales (GWh) EnBW Other e.on e.on RWE Vattenfall approx 15% RWE Other EnBW Vattenfall approx 15% Output (GWh) Customers (m) EnBW Other e.on e.on RWE Vattenfall approx 15% RWE Other EnBW Vattenfall approx 8% Source: Annual Reports

8 8 Our competitors the 10 largest electricity companies in Europe Sales Electricity (TWH) Turnover in EUR billion 1. Electricité de France Enel S.p.A. 3. E.ON AG RWE AG Vattenfall AB Tractebel Endesa S.A Energie Baden-Würtemberg 9. Iberdrola S.A Fortum Corporation Including Vattenfall Europe. Sales 2001 excl. trading 2 Including non-energy business (Turnover E.ON Energie 22 billion) 3 Including non-energy business (Turnover RWE Energie 13 billion)

9 9 Nordic Market Generation Sales and margins on continued satisfactory level Continued high plant availability Electricity Networks Further improvement of network capacity Market Positive operating result Heat Stable operations and increased profit

10 10 Electricity Spot and Futures Price Development Nord Pool s spot and futures price SEK/MWh 450 Spotpris price - Sverige Sweden Årsmedelvärde Futures price System price 400 Terminspris Average annual - Systempris value Källa: Nord Pool

11 11 Germany We have seized the unique opportunity to build the third-largest energy group in Germany by combining HEW, Bewag, VEAG and Laubag thereby creating a leading powerful integrated player with sufficient size and power to successfully operate and compete. the integration of the German companies is progressing as planned annual cost reductions and synergies of million Euro as from 2004.

12 12 Current ownership in German and Polish operations Vattenfall Free float 1.1% 73.8% Poland City of Hamburg 92.5% 25.1% HEW 89.6% (92.1% of votes) 81.25% EW 69 % Laubag 2.5% Bewag 6.25% Veag GZE 31.8% Free float 10.4% Vattenfall s stake in VEAG will increase during 2002

13 13 Vattenfalls activities in Germany Generation Trading Transmission Distribution Retail Heat Laubag Veag HEW Bewag Vattenfall Europe Generation Capacity: 17 GW Output: 77 TWh Trading Volume: 123 TWh Transmission 30 Tkm Distribution 60 Tkm One integrated utility with activities in core markets Retail 112 TWh* Heat 16 TWh *Incl. physical delivery of trading Source: Vattenfall Europe

14 14 Vattenfall well positioned Vattenfall s starting position Vattenfall today, 2002 Future prospects Early deregulation has led to valuable experience Well developed energy production High infrastructure demands High environmental requirements and technical innovation capability Teamwork between companies and union organisations Well on our way in Europe Excellent competence levels within energy, technology, environment, organisation and business areas. With continued development, Vattenfall can maintain position as one of the major players on the European electricity and heating market

15 15 Vattenfall strengths Focus on core markets and businesses Nordic market experience Strong position in Germany Low marginal cost generation capacity

16 16 Strategies Focus on core markets Nordic, Germany and Poland Focus on core businesses Electricity and Heat Cost efficiency Secure success in Germany

17 17 Financials Matts Ekman, CFO

18 18 Consolidated Income Statement January March Full year Amounts in SEK million Net sales 28,445 11,559 69,003 Gross profit 7,705 3,855 16,595 Operating profit (EBIT) 5,103 3,340 9,959 Operating profit, excl. IAC 5,049 2,955 8,822 Financial income ,232 Financial expenses 1, ,737 Profit before taxes and minority interests 4,444 2,814 7,454 Taxes 1, ,167 Minority interests in the profit for the period ,097 Net profit for the period 2,317 1,984 4,190 IAC = Items Affecting Comparability

19 19 Net sales ly values, SEK m /2000 2/2000 3/2000 4/2000 1/2001* 2/2001* 3/2001 4/2001 1/2002 ly values SEK m * The ly values are pro forma, reflecting the situation if HEW had been consolidated from January 1.

20 20 Operating profit (EBIT) excl. items affecting comparability ly values, SEK m /2000 2/2000 3/2000 4/2000 1/2001* 2/2001* 3/2001 4/2001 1/2002 ly values SEK m * The ly values are pro forma, reflecting the situation if HEW had been consolidated from January 1.

21 21 Net sales break down per profit area SEK m Q 1, 2002 Q 2, Generation Nordic Countries Market Nordic Countries Heat Nordic Countries Electricity Networks Nordic Countries Services Germany *) Poland Other Profit Areas *) Q 1, 2001 = HEW proforma

22 22 EBIT break down per profit area excl. items affecting comparability SEK m Q 1, 2002 Q 2, Generation Nordic Countries Market Nordic Countries Heat Nordic Countries Electricity Networks Nordic Countries Services Germany *) Poland Other Profit Areas *) Q 1, 2001 = HEW proforma

23 23 Consolidated Balance Sheet Summary March 31 March 31 Dec 31 Amounts in SEK million Fixed assets 238,784 94, ,997 Current assets 53,664 22,129 44,046 Total assets 292, , ,043 Equity 40,807 38,091 39,578 Minority interests 21,584 4,761 19,080 Provisions 98,403 13,911 90,956 Interest bearing debt 103,561 50,113 88,533 Other liabilities 28,093 9,388 20,896 Total equity, provisions and liabilities 292, , ,043 Net debt 74,370 45,172 55,736 Net assets 133,280 87, ,062 Net assets (weighted avg. April 2001-March 2002) 109,714

24 24 Consolidated Cash Flow Statement January March Full year Amounts in SEK million Funds from operations (FFO) 5,734 3,541 13,148 Change in working capital -3, ,706 Cash Flow from operating activities 2,516 3,022 10,442 Investments -21,920-5,093-43,443 Divestments ,459 Cash flow from investing activities 21,596 4,157 22,984 Cash flow before financing activities -19,080 1,135 12,542 Cash flow from financing activities 18,279-1,271 15,099 Change in net debt Net debt at the beginning of the period -55,736-43,311-43,311 Net debt at the end of the period -74,370-45,172-55,736

25 25 Key Ratios (in per cent unless otherwise specified) April March 2002 Full Year 2001 Return on net assets Return on equity Jan March 2002 Jan March 2001 EBIT-margin (excl. IAC) * Net margin (excl IAC)* Pre-tax interest coverage, times FFO interest coverage (times) FFO net interest coverage (times) Equity-assets ratio Net debt/equity (times) EBITDA/ net financial items (times) IAC = Items Affecting Comparability * Q 1, 2001 = HEW proforma

26 26 Financial targets Focus on value creation and profitable growth To consolidate and secure a fast integration and profit improvement in the acquired German businesses Profitability target: After completion of the German integration: - Return on Net Assets of 11% before tax Interest coverage Pre-tax interest coverage of (times) To maintain credit rating in the single A category

27 27 Vattenfall s credit rating Short-term Moody s S&P P-2 A-2 Long-term Moody s S&P A-3 A- (Outlook (Outlook negative) negative) Both ratings confirmed in February 2002

28 28 Funding 650 million Eurobond, 7-year, launched March 20. Coupon 6 % Strong demand Launch spread: 84 bp over 7-year mid swap

29 29 Vattenfall A Leading European Energy Company

Vattenfall Q2 2013 results

Vattenfall Q2 2013 results Vattenfall Q2 2013 results Øystein Løseth, CEO and Ingrid Bonde, CFO Conference call for analysts and investors, 23 July 2013 Q2 Highlights Impairment charges on thermal assets and goodwill amounting to

More information

Vattenfall Full Year 2013 results

Vattenfall Full Year 2013 results Vattenfall Full Year 2013 results Øystein Løseth, CEO and Ingrid Bonde, CFO Press conference, 4 February 2014 2013 Highlights Net sales increased 2.6% to SEK 172bn (167) Underlying EBIT increased 1.3%

More information

TOMAS CARLSSON, PRESIDENT AND CEO JONAS DAHLBERG, CFO Q2 2015 17 JULY

TOMAS CARLSSON, PRESIDENT AND CEO JONAS DAHLBERG, CFO Q2 2015 17 JULY TOMAS CARLSSON, PRESIDENT AND CEO JONAS DAHLBERG, CFO Q2 2015 17 JULY 1 Q2 highlights Strong profitability and organic growth +15% EBITA adj for calender and E/O 10% organic growth in 3 of 4 BAs Actions

More information

Vattenfall Capital Markets Day 2005

Vattenfall Capital Markets Day 2005 Vattenfall Capital Markets Day 2005 Presentation by Lars G. Josefsson CEO 27 September, 2005 Content 2 1. Overview & recent developments 2. Industry trends 3. Electricity prices 4. Strategic focus 5. Climate

More information

FINANCIAL RESULTS Q1 2016

FINANCIAL RESULTS Q1 2016 FINANCIAL RESULTS Q1 2016 CFO Hallvard Granheim 28 th April 2016 Highlights Q1 Increase in underlying results (EBITDA) - Nordic prices are down 15% Q-on-Q - High production from Nordic hydropower assets

More information

JANUARY-JUNE 2012 INTERIM REPORT

JANUARY-JUNE 2012 INTERIM REPORT JANUARY-JUNE 212 INTERIM REPORT JULY 27, 212 Jukka Pahta, CFO PRESENTATION CONTENTS January-June 212 overview January-June 212 financials Outlook Appendices Q2/212 PRESENTATION 2 JANUARY-JUNE 212 OVERVIEW

More information

FINANCIAL RESULTS Q1 2012. 16 May 2012

FINANCIAL RESULTS Q1 2012. 16 May 2012 FINANCIAL RESULTS Q1 2012 16 May 2012 Highlights Q1 2012 Satisfactory Q1 financials underlying EBITDA and profit before tax on a par with Q1 2011 - Lower power prices partly offset by increased power generation

More information

FINANCIAL RESULTS Q4 AND FULL YEAR 2009

FINANCIAL RESULTS Q4 AND FULL YEAR 2009 FINANCIAL RESULTS Q4 AND FULL YEAR 2009 PRESIDENT AND CEO BÅRD MIKKELSEN CFO STEIN DALE 18 FEBRUARY 2010 2009 IN BRIEF Increased revenues due to new assets Reduced output from existing assets NOK million

More information

We make every day a little easier. Q2 Presentation for media and analysts August 21, 2013 Per Strömberg, CEO Sonat Burman-Olsson, Deputy CEO and CFO

We make every day a little easier. Q2 Presentation for media and analysts August 21, 2013 Per Strömberg, CEO Sonat Burman-Olsson, Deputy CEO and CFO We make every day a little easier Presentation for media and analysts August 21, 213 Per Strömberg, CEO Sonat Burman-Olsson, Deputy CEO and CFO A strong quarter for ICA Gruppen All in all, was a strong

More information

Sale of Fortum s electricity distribution business in Sweden

Sale of Fortum s electricity distribution business in Sweden Sale of Fortum s electricity distribution business in Sweden Disclaimer This presentation does not constitute an invitation to underwrite, subscribe for, or otherwise acquire or dispose of any Fortum shares.

More information

- a leading energy company in the Nordic area

- a leading energy company in the Nordic area - a leading energy company in the Nordic area Presentation for investors September 2006 (revised version) Disclaimer This presentation does not constitute an invitation to underwrite, subscribe for, or

More information

FINANCIAL RESULTS Q2 2015

FINANCIAL RESULTS Q2 2015 FINANCIAL RESULTS Q2 2015 CEO CHRISTIAN RYNNING-TØNNESEN CFO HALLVARD GRANHEIM 23 July 2015 Highlights Solid underlying results (EBITDA) - Lower Nordic prices offset by increased production and contribution

More information

E.ON Nordic: Steady Value Growth

E.ON Nordic: Steady Value Growth E.ON Nordic: Steady Value Growth Lars Frithiof Chief Executive Officer, E.ON Nordic E.ON Capital Market Day Nordic Stockholm, July 3, 2006 Topics for the day Introduction to E.ON Nordic Our achievements

More information

Vattenfall Full Year 2014 results

Vattenfall Full Year 2014 results Vattenfall Full Year 2014 results Magnus Hall, CEO and Ingrid Bonde, CFO Presentation 5 February 2015 Financial highlights SEK billion FY 2014 FY 2013 % Change Q4 2014 Q4 2013 % Change Net Sales 165.9

More information

Creating a powerful Nordic infrastructure provider Combining forces with Fortum Infrastructure Solutions

Creating a powerful Nordic infrastructure provider Combining forces with Fortum Infrastructure Solutions Creating a powerful Nordic infrastructure provider Combining forces with Fortum Infrastructure Solutions 24 October 2008 Cautionary statement This presentation has been prepared by Hafslund Infratek ASA

More information

- a leading energy company in the Nordic area

- a leading energy company in the Nordic area - a leading energy company in the Nordic area Presentation for investors October 2006 Disclaimer This presentation does not constitute an invitation to underwrite, subscribe for, or otherwise acquire or

More information

FINANCIAL RESULTS Q2 2016

FINANCIAL RESULTS Q2 2016 FINANCIAL RESULTS Q2 2016 CEO Christian Rynning-Tønnesen CFO Hallvard Granheim 21 th July 2016 Highlights Q2 Fatal accident in Peru 16 th July Solid underlying results (EBITDA) - Nordic prices are up 16%

More information

First-quarter 2015 presentation to analysts. Finn Bjørn Ruyter, CEO Oslo, May

First-quarter 2015 presentation to analysts. Finn Bjørn Ruyter, CEO Oslo, May First-quarter 2015 presentation to analysts Finn Bjørn Ruyter, CEO Oslo, May 7 2015 Agenda 1) First-quarter 2015 results 2) Theme: Markets 3) Appendix 2 First-quarter 2015 highlights EBITDA of NOK 777

More information

Quarterly report 4/2004

Quarterly report 4/2004 Quarterly report 4/2004 Increase in operating revenues for 2004 to NOK 5773,2 million (4 864,1), for the 4 th quarter NOK 1.380,1 million (1.251,4) Operating profit for 2004 at NOK 70.3 million (100.6),

More information

Condensed consolidated income statement

Condensed consolidated income statement RESTATED AND PREVIOUSLY COMMUNICATED (OLD) QUARTERLY INFORMATION FOR Fortum signed the agreement to sell its Swedish distribution business on 13 March 2015, which concludes Fortum s divestment of its electricity

More information

ANNUAL REPORT 20 07 C power for renewal

ANNUAL REPORT 20 07 C power for renewal powerforrenewal ANNUAL REPORT 27 CORPORATE SOCIAL RESPONSIBILITY REPORT 26 CONTENTS CEO s message 1 5 The climate challenge 6 7 Strategic ambitions 8 19 Europe s energy markets 2 23 Electricity prices

More information

Interim Report January June 2015

Interim Report January June 2015 Interim Report January June 2015 April June 2015 Net sales of SEK 36,115 million (36,575) Underlying operating profit 1 of SEK 2,966 million (4,086) Operating profit of SEK -38,045 million (-1,637). Operating

More information

Welcome to E.ON`s Conference Call First Half Results 2000. August 17, 2000

Welcome to E.ON`s Conference Call First Half Results 2000. August 17, 2000 Welcome to E.ON`s Conference Call First Half Results 2000 August 17, 2000 Agreement between E.ON and BT E.ON receives a Put-Option to sell its 45% stake in VIAG Interkom to BT between 1st of January to

More information

INTERIM REPORT for the period January 1 September 30, 2006

INTERIM REPORT for the period January 1 September 30, 2006 Interim Report ICA AB 1 January - 30 September 2006 INTERIM REPORT for the period January 1 September 30, 2006 Continued strong income for ICA Group during the period Stockholm, November 6, 2006 Net sales

More information

Year-end report 2013. February 12, 2014. Per Strömberg, CEO Merlin Poljak, Acting CFO

Year-end report 2013. February 12, 2014. Per Strömberg, CEO Merlin Poljak, Acting CFO Year-end report 213 February 12, 214 Per Strömberg, CEO Merlin Poljak, Acting CFO Strategic priorities have effect Continued positive development in Q4 Net sales up 1.5%* EBIT excluding non-recurring items

More information

New Nordic Healthbrands AB (publ) Three month report January - March 2016

New Nordic Healthbrands AB (publ) Three month report January - March 2016 New Nordic Healthbrands AB (publ) Three month report January - March 2016 Q1 2016 Q1 2015 Full Year 2015 Net sales, ksek 74 576 72 947 298 485 Change in local currencies, % 5.1 10.2 5.0 Gross profit, ksek

More information

Visual Management 4Q01. From 150 to 1500 employees in 12 months

Visual Management 4Q01. From 150 to 1500 employees in 12 months Visual Management Visual Management 4Q01 From 150 to 1500 employees in 12 months Liinos 93,6% of shareholders have accepted offer by Visma! Recap from 3Q presentation in October We expected improvements

More information

- a leading energy company in the Nordic area

- a leading energy company in the Nordic area - a leading energy company in the Nordic area Presentation for investors December 2006 Disclaimer This presentation does not constitute an invitation to underwrite, subscribe for, or otherwise acquire

More information

Six Month Report 2011

Six Month Report 2011 Six Month Report Six Month Report Deliver according to strategic plan Investments Opportunities High bid activity CD-assets Challenges Norway and Czech Rep Market 2 January June in brief Operating income

More information

Interim Report January June 2002

Interim Report January June 2002 Interim Report January June 2002 27 August 2002 April-June Jan-Jun Jan-Dec Jul-Jun Key figures 2002 2001 2002 2001 2001 2001/02 Net sales, SEK m 2 547 2 096 4 951 3 539 8 283 9 695 Operating income before

More information

- a leading energy company in the Nordic area

- a leading energy company in the Nordic area - a leading energy company in the Nordic area Presentation for investors March 2007 Disclaimer This presentation does not constitute an invitation to underwrite, subscribe for, or otherwise acquire or

More information

Q presentation. 15 July 2014

Q presentation. 15 July 2014 Q2 2014 presentation 15 July 2014 Agenda Highlights Financial performance Dividends Market outlook/trends Q2 highlights Revenue of NOK 5,981 million, up 8.7% EBITDA of NOK 177 million, up 26.0% EBITDA

More information

Power Generation Market Concentration in Europe 1996-2004. An Empirical Analysis.

Power Generation Market Concentration in Europe 1996-2004. An Empirical Analysis. 2005-012-en Power Generation Market Concentration in Europe 1996-2004. An Empirical Analysis. Berlin, September 2005 Dr. Felix Chr. Matthes Sabine Poetzsch Katherina Grashoff Öko-Institut e.v. Berlin Office

More information

VATTENFALL IS ONE OF THE LARGEST ENERGY GROUPS IN NORTHERN EUROPE, WITH A GRADUALLY IMPROVING FINANCIAL PROFILE

VATTENFALL IS ONE OF THE LARGEST ENERGY GROUPS IN NORTHERN EUROPE, WITH A GRADUALLY IMPROVING FINANCIAL PROFILE This Analysis provides a discussion of the factors underpinning the credit rating/s and should be read in conjunction with our Credit Opinion. The most recent ratings, opinion, and other research specific

More information

VATTENFALL Q1 2016 RESULTS

VATTENFALL Q1 2016 RESULTS VATTENFALL Q1 2016 RESULTS Magnus Hall, CEO and Ingrid Bonde, CFO Presentation 28 April 2016 1 HIGHLIGHTS AND KEY FIGURES Stable results in Q1 due to higher production volumes and lower costs Good water

More information

Interim Report January 1 st March 31 st, 2003

Interim Report January 1 st March 31 st, 2003 Interim Report January 1 st March 31 st, 2003 First Quarter 2003 Earnings before taxes increased by 23 per cent to 70 MSEK. Earnings after taxes increased by 36 per cent to 45 MSEK. Earnings per share

More information

Interim Report January March April 26, 2004

Interim Report January March April 26, 2004 Interim Report January March 2004 April 26, 2004 Tomas Franzén new President and CEO 2002 2004 President & CEO Song Networks Holding (listed in Stockholm) 1999 2002 President & CEO AU-System AB (listed

More information

Q2 report 2015 Press- and analyst presentation

Q2 report 2015 Press- and analyst presentation Q2 report 2015 Press- and analyst presentation 19 August 2015 Per Strömberg, CEO Sven Lindskog, CFO Q2 Highlights: Solid second quarter 2015 Stable financial development Improved net sales +15% +4.3% excl

More information

Year-end Report 2005. President and CEO Claes-Göran Sylvén

Year-end Report 2005. President and CEO Claes-Göran Sylvén Year-end Report 2005 President and CEO Claes-Göran Sylvén Vision With the ownership in ICA AB as a base, Hakon Invest shall be one of the leading companies in the Nordic region that invests in the retail

More information

Interim Report January September 2015

Interim Report January September 2015 Interim Report January September 2015 July September 2015 Net sales of SEK 37,519 million (34,734) Underlying operating profit 1 of SEK 3,388 million (2,750) Operating profit of SEK 3,001 million (-19,436).

More information

Welcome to HEXPOL Q4 2011 and year-end 2011 report update

Welcome to HEXPOL Q4 2011 and year-end 2011 report update Welcome to HEXPOL Q4 2011 and year-end 2011 report update CEO Georg Brunstam CFO Urban Ottosson February 7 2012, 9:00 CET, at Svenska Handelsbanken, Blasieholmstorg 8 Stockholm, Sweden - 1 - Agenda Introduction

More information

INTERIM REPORT 2012 FOURTH QUARTER (Q4)

INTERIM REPORT 2012 FOURTH QUARTER (Q4) INTERIM REPORT 2012 FOURTH QUARTER (Q4) Summary - In January 2013 Norway Seafoods entered into an agreement to sell most of the company s Farming operations in France - Revenue in the fourth quarter came

More information

Metsä Board Debt investor presentation Q2/2015. 6 August 2015

Metsä Board Debt investor presentation Q2/2015. 6 August 2015 Metsä Board Debt investor presentation Q2/2015 Strong financing situation continues EUR million 1000 750 Net debt Gross debt EUR 671 million and net debt EUR 389 million at the end of Q2/2015 (EUR 319

More information

Increased growth and improved profit

Increased growth and improved profit (Figures in brackets refer to 2005.) Increased growth and improved profit The kitchen company Nobia increased its net sales in the first quarter by 27 per cent to SEK 3,615 million (2,854). Organic growth

More information

PRESENTATION OF THE FOURTH QUARTER AND PRELIMINARY FULL YEAR RESULTS Acting CEO and CFO Roar Østbø

PRESENTATION OF THE FOURTH QUARTER AND PRELIMINARY FULL YEAR RESULTS Acting CEO and CFO Roar Østbø PRESENTATION OF THE FOURTH QUARTER AND PRELIMINARY FULL YEAR RESULTS 2015 Acting CEO and CFO Roar Østbø Q4 2015 / 2015 OPERATIONAL HIGHLIGHTS Q4 Revenues NOK 211 million, down 18 % QoQ EBITDA NOK -71 million,

More information

9M10 Results Presentation

9M10 Results Presentation 9M10 Results Presentation November 5th, 2010 9M10: Highlights of the period EBITDA: 2,651m, +9% YoY EBITDA from Brazil: +28% YoY: 19% of EDP Group EBITDA in 9M10 Electricity distributed +15% YoY EBITDA

More information

Interim report April-June 2003

Interim report April-June 2003 Interim report April-June 2003 Pre-tax profit for the second quarter amounted to SEK -34m, which is a SEK 30m improvement compared to last year (SEK -64m). Software revenue grew by 5% during the second

More information

REINHOLD EUROPE AB Quarterly report January 1 March 31, 2015

REINHOLD EUROPE AB Quarterly report January 1 March 31, 2015 1 REINHOLD EUROPE AB Quarterly report January 1 March 31, 2015 January March 2015 Gross operating sales amounted to 1 339 558 (29 644) Euro Operating Profit amounted to 300 328 (- 42 007) Euro Earnings

More information

lindab we simplify construction Lindab Group Q4 2013 Anders Berg, CEO Per Nilsson, CFO

lindab we simplify construction Lindab Group Q4 2013 Anders Berg, CEO Per Nilsson, CFO Lindab Group Q4 2013 Anders Berg, CEO Per Nilsson, CFO Lindab Group Q4 2013 Highlights A firmer footing Sales increased 8% compared to last year when adjusted for currency. EBIT (excluding one-off items)

More information

Full Year Report 2005. 26 January 2006

Full Year Report 2005. 26 January 2006 Full Year Report 2005 26 January 2006 Important Notice This Presentation has been produced by TradeDoubler AB (the Company ) and is furnished to you solely for your information. This document contains

More information

Studsvik AB (publ) Interim Report, January September 2002

Studsvik AB (publ) Interim Report, January September 2002 PRESS RELEASE 1 (11) Studsvik AB (publ) Interim Report, January September 2002 Studsvik s net sales increased by 13 per cent to SEK 743.2 million (656.4). The result before tax improved considerably during

More information

Quarterly report 2/2004

Quarterly report 2/2004 Quarterly report 2/2004 Operating revenues increase to NOK 1573.4 million (1306.7) The new businesses Are and Mobilarum are performing as anticipated Operating profit in the second quarter totalled NOK

More information

Profit is affected by seasonal variations and ramp up of new employees. EBITDA of NOK 1 (-2) million and 0.5% (-2.7%) margin in the third quarter.

Profit is affected by seasonal variations and ramp up of new employees. EBITDA of NOK 1 (-2) million and 0.5% (-2.7%) margin in the third quarter. 2 /16 Highlights Q3 The growth continues in the third quarter with strong growth in number of employees and low turnover rate. Profit is affected by seasonal variations and ramp up of new employees. Cancellation

More information

ZetaDisplay. Europe leads the way. EPaccess

ZetaDisplay. Europe leads the way. EPaccess EPaccess Media Sweden 22 November 213 Equity Research +46 8 463 8 analys@penser.se ZetaDisplay Europe leads the way Risk and Return Potential Return Potential Risk High High Risk Current Price 4,8 High/Low

More information

Q2 report 2014. August 20, 2014. Per Strömberg, CEO Sven Lindskog, CFO

Q2 report 2014. August 20, 2014. Per Strömberg, CEO Sven Lindskog, CFO Q2 report 2014 August 20, 2014 Per Strömberg, CEO Sven Lindskog, CFO Continued increase of sales and profit in Q2 Net sales increased by 4.7%. Net sales in local currencies +4.4% EBIT excluding non-recurring

More information

ICON MEDIALAB INTERNATIONAL AB publ. ANNOUNCES FOURTH QUARTER 2002 NET PROFIT OF SEK 6.5 MILLION ( 0.7 MILLION)

ICON MEDIALAB INTERNATIONAL AB publ. ANNOUNCES FOURTH QUARTER 2002 NET PROFIT OF SEK 6.5 MILLION ( 0.7 MILLION) ICON MEDIALAB INTERNATIONAL AB publ. ANNOUNCES FOURTH QUARTER 2002 NET PROFIT OF SEK 6.5 MILLION ( 0.7 MILLION) STOCKHOLM, Sweden and AMSTERDAM, The Netherlands February 19, 2003 IconMedialab International

More information

Vattenfall AB Stockholm, Sweden

Vattenfall AB Stockholm, Sweden DECEMBER 23, 2010 GLOBAL INFRASTRUCTURE FINANCE ANALYSIS Vattenfall AB Stockholm, Sweden Table of Contents: CORPORATE PROFILE 1 MANAGEMENT STRATEGY 2 KEY RATING CONSIDERATIONS 4 BASELINE CREDIT ASSESMENT

More information

Health Care Worldwide. Citi - European Credit Conference September 24, 2015 - London

Health Care Worldwide. Citi - European Credit Conference September 24, 2015 - London Health Care Worldwide Citi - European Credit Conference September 24, 2015 - London Safe Harbor Statement This presentation contains forward-looking statements that are subject to various risks and uncertainties.

More information

INTERIM REPORT for the period January 1 June 30, 2006

INTERIM REPORT for the period January 1 June 30, 2006 ICA AB, corporate identity number 556582-1559 INTERIM REPORT for the period January 1 June 30, 2006 Strong development for ICA Group during first half year Stockholm, August 15, 2006 Net sales during the

More information

Year-end Report January-December 2015

Year-end Report January-December 2015 Year-end Report January-December 20 Johan Dennelind, President & CEO Q4 20 high pace towards the new TeliaSonera Started to reduce presence in region Eurasia Continued business transformation Solid development

More information

Earnings conference call. Q4 and Full year 2014

Earnings conference call. Q4 and Full year 2014 Earnings conference call Q4 and Full year 2014 Bo Annvik, CEO / Andreas Ekberg, CFO 12 February 2015 1 Agenda Business Highlights Market Update Sales Financials Restructuring Outlook 2 Business Highlights

More information

Eniro. Q4 report Johan Lindgren, CEO Mattias Lundqvist, CFO Cecilia Lannebo, Head of IR February 7 th, 2014

Eniro. Q4 report Johan Lindgren, CEO Mattias Lundqvist, CFO Cecilia Lannebo, Head of IR February 7 th, 2014 Eniro Q4 report Johan Lindgren, CEO Mattias Lundqvist, CFO Cecilia Lannebo, Head of IR February 7 th, 2014 1. Johan Lindgren CEO Eniro the local search company In the digital value chain Eniro is an aggregator:

More information

Increasing market share in a receding market

Increasing market share in a receding market Interim report for the first quarter of the financial year 2008/2009 Increasing market share in a receding market First quarter (September November 2008) KappAhl s net sales (excluding VAT) for the period

More information

PRESIDENT AND CEO ERIK STRAND S COMMENTS ON INTERIM REPORT FOR JANUARY 1 SEPTEMBER 30, Press information, November 8

PRESIDENT AND CEO ERIK STRAND S COMMENTS ON INTERIM REPORT FOR JANUARY 1 SEPTEMBER 30, Press information, November 8 PRESIDENT AND CEO ERIK STRAND S COMMENTS ON INTERIM REPORT FOR JANUARY 1 SEPTEMBER 30, 2004 Press information, November 8 Poolia AB The Poolia Group s operating result remained positive during the third

More information

Interim Report January June 2001

Interim Report January June 2001 556025-5001 31 July 2001 Interim Report January June 2001 Quarter January-June MSEK 2001 II 2001 I 2000 II 2001 2000 Net turnover, MSEK 1,742 1,840 1,612 3,582 3,200 Operating profit, MSEK 319 469 290

More information

Vattenfall Q3 and 9M results 2015

Vattenfall Q3 and 9M results 2015 Vattenfall Q3 and 9M results 2015 Magnus Hall, CEO and Ingrid Bonde, CFO Presentation 27 October 2015 Financial highlights SEK bn Q3 2015 Q3 2014 9M 2015 9M 2014 FY 2014 Net Sales 37.5 34.7 119.0 117.2

More information

Presentation. Results for the Hafslund Group 1st quarter 2002. Presentation to analysts Wednesday 15 May 2002

Presentation. Results for the Hafslund Group 1st quarter 2002. Presentation to analysts Wednesday 15 May 2002 Presentation Results for the Group 1st quarter 2002 Presentation to analysts Wednesday 15 May 2002 Contents: 1. Status for the group 2. Results 1st quarter 2002 3. Future challenges and strategy 2002.05.24

More information

Quarterly report 3/2004

Quarterly report 3/2004 Quarterly report 3/2004 Increase in operating revenues to NOK 1412.7 million (1162.7) Operating profit totalled NOK 22.3 mill (18.2). Further cost reductions necessary to improve profitability Strong housing

More information

Speech at the annual press conference on the 2010 financial year Bonn, February 25, 2011

Speech at the annual press conference on the 2010 financial year Bonn, February 25, 2011 The spoken word shall prevail Speech at the annual press conference on the 2010 financial year Bonn, February 25, 2011 Timotheus Höttges Chief Financial Officer Deutsche Telekom AG Thank you, René Obermann!

More information

MARKET REPORT. January 2011

MARKET REPORT. January 2011 uary 211 MARKET REPORT Highlights physical markets uary 211: POWER: Nord Pool Spot market share of Nordic consumption was 74.6 per cent in uary. The total Nordic preliminary consumption for uary was 4.4

More information

Akelius Fastigheter AB. Interim report January to September 2010

Akelius Fastigheter AB. Interim report January to September 2010 Akelius Fastigheter AB Interim report January to September 2010 Akelius Fastigheter AB Registered company number: 556156-0383 Interim Report January to September 2010 Rental income amounted to SEK 1,832

More information

Switch from gas to biomass in district heating Case Jelgava, Latvia. Kristian Rehnström, 25 February 2015

Switch from gas to biomass in district heating Case Jelgava, Latvia. Kristian Rehnström, 25 February 2015 Switch from gas to biomass in district heating Case Jelgava, Latvia Kristian Rehnström, 25 February 2015 Our current geographical presence Power generation Heat Electricity sales Distribution Nordic countries

More information

MARKET REPORT. March 2011

MARKET REPORT. March 2011 ch MARKET REPORT Highlights physical markets ch : POWER: Nord Pool Spot market share of Nordic consumption was 72.9 per cent in ch. The total Nordic preliminary consumption for ch was 37. TWh compared

More information

DNB The Norwegian bank

DNB The Norwegian bank DNB The Norwegian bank New York, Deutsche Bank 22 May 2012 CFO Bjørn Erik Næss Agenda DNB - Q1 results DNB drivers for successful banking 2 Agenda Q1 results DNB drivers for successful banking 3 Profit

More information

Q1 QUARTERLY REPORT 09 E-CO ENERGI

Q1 QUARTERLY REPORT 09 E-CO ENERGI Postboks 255 Sentrum 0103 Oslo Phone 24 11 69 00 Fax 24 11 69 01 www.e-co.no Q1 QUARTERLY REPORT 09 E-CO ENERGI CONSOLIDATED QUARTERLY REPORT 1 JANUARY 2009-31 MARCH 2009 (2008 figures in parentheses)

More information

- a leading energy company in the Nordic area

- a leading energy company in the Nordic area - a leading energy company in the Nordic area Presentation for investors May 2006 Disclaimer This presentation does not constitute an invitation to underwrite, subscribe for, or otherwise acquire or dispose

More information

Breweries. Oslo / Copenhagen 31 May 2000

Breweries. Oslo / Copenhagen 31 May 2000 Breweries Oslo / Copenhagen 31 May 2000 Carlsberg Breweries Agenda 1. Participants 2. Orkla ASA and Carlsberg A/S 3. Carlsberg Breweries A/S 4. Governance 5. The Agreement 6. Approvals 7. Future prospects

More information

Health Care Worldwide

Health Care Worldwide Health Care Worldwide Barclays European High Yield and Leveraged Finance Conference October 30, 2014 London Barclays European High Yield and Leveraged Finance Conference, October 30, 2014 Copyright Page

More information

Q2 Interim report 2013/2014 January 1 2014 - March 31 2014. CEO Lars Marcher CFO Michael Højgaard

Q2 Interim report 2013/2014 January 1 2014 - March 31 2014. CEO Lars Marcher CFO Michael Højgaard Q2 Interim report 2013/2014 January 1 2014 - March 31 2014 CEO Lars Marcher CFO Michael Højgaard Agenda Q2 Highlights Business trends Growth drivers GPOs Financials Outlook Q&A Disclaimer Forward-looking

More information

Our strategy in todays challenging market. Oslo 15 January 2015

Our strategy in todays challenging market. Oslo 15 January 2015 Our strategy in todays challenging market Oslo 15 January 2015 The company Arise is one of the largest independent wind power operators in Sweden with the business model to: Sell electricity produced by

More information

We make every day a little easier. Q3 13 November 2013 Per Strömberg, CEO Sonat Burman-Olsson, Deputy CEO and CFO

We make every day a little easier. Q3 13 November 2013 Per Strömberg, CEO Sonat Burman-Olsson, Deputy CEO and CFO We make every day a little easier Q3 13 November 2013 Per Strömberg, CEO Sonat Burman-Olsson, Deputy CEO and CFO Continued strong performance for ICA Gruppen Strong performance in Q3 Operations continued

More information

Ahlers AG, Herford. ISIN DE0005009708 and DE0005009732 INTERIM REPORT

Ahlers AG, Herford. ISIN DE0005009708 and DE0005009732 INTERIM REPORT Ahlers AG, Herford ISIN DE0005009708 and DE0005009732 I N T E R I M R E P O R T for the first six months of the 2006/07 financial year (December 1, 2006 to May 31, 2007) BUSINESS DEVELOPMENT IN THE FIRST

More information

TELE2 AB ANNOUNCES SIGNIFICANT CUSTOMER INTAKE DRIVING STRONG OPERATING RESULTS FOR THE 12 MONTHS ENDED DECEMBER 31, 2000

TELE2 AB ANNOUNCES SIGNIFICANT CUSTOMER INTAKE DRIVING STRONG OPERATING RESULTS FOR THE 12 MONTHS ENDED DECEMBER 31, 2000 FOR IMMEDIATE RELEASE Tuesday, February 20, 2001 TELE2 AB ANNOUNCES SIGNIFICANT CUSTOMER INTAKE DRIVING STRONG OPERATING RESULTS FOR THE 12 MONTHS ENDED DECEMBER 31, 2000 53% Annualized increase in Group

More information

Financial results of 2013 Outlook 2014+ 12 March 2014

Financial results of 2013 Outlook 2014+ 12 March 2014 Financial results of 2013 Outlook 2014+ 12 March 2014 DUON benefits from liberalisation of electric energy and gas markets: summary of 2013 +56% increase of revenues to almost PLN 400 m +54% increase of

More information

Company Presentation Conference Call Q1 2005, May 13 REpower Systems AG

Company Presentation Conference Call Q1 2005, May 13 REpower Systems AG Company Presentation Conference Call Q1 2005, May 13 REpower Systems AG Speakers today Prof. Dr. Fritz Vahrenholt Pieter Wasmuth CEO & Corporate Strategy Finance & Personnel Former member of the board

More information

Five ambitions for becoming number one

Five ambitions for becoming number one annual report 20 05 Five ambitions for becoming number one External net sales and EBIT per market, 2005 70 41 14 Nordic Countries Vattenfall s markets Nordic Countries Vattenfall generates roughly 20 per

More information

Stock Exchange Release 8 May 2003, at 9 am

Stock Exchange Release 8 May 2003, at 9 am Sponda Plc Stock Exchange Release 8 May 2003, at 9 am Interim Report January-March 2003 SPONDA S FIRST QUARTER RESULT AS EXPECTED Sponda Group recorded a first-quarter net profit of EUR 6.9 (79.5) million.

More information

INTERIM REPORT JANUARY 1 SEPTEMBER 30, 2011

INTERIM REPORT JANUARY 1 SEPTEMBER 30, 2011 Q3 INTERIM REPORT JANUARY 1 SEPTEMBER 30, 2011 Helsinki, October 27, 2011 Fiskars Corporation Interim Report January 1 - September 30, 2011 October 27, 2011 Third quarter: Net sales and operating profit

More information

Frank Fiskers, President & CEO Gunilla Rudebjer, CFO Stockholm, February 23, 2016

Frank Fiskers, President & CEO Gunilla Rudebjer, CFO Stockholm, February 23, 2016 Frank Fiskers, President & CEO Gunilla Rudebjer, CFO Stockholm, February 23, 2016 The no. 1 hotel brand in the Nordics Strong mid-market offering & repeatable business model key drivers for value creation

More information

Year-end Report 2011 CLAES-GÖRAN SYLVÉN, CEO GÖRAN BLOMBERG, CFO

Year-end Report 2011 CLAES-GÖRAN SYLVÉN, CEO GÖRAN BLOMBERG, CFO Year-end Report 2011 CLAES-GÖRAN SYLVÉN, CEO GÖRAN BLOMBERG, CFO Hakon Invest Financial information Summary Year-end Report 2011 Operating profit (EBITA) rose to SEK 281 M (-43) in Q4 Tighter corporate

More information

Interim report January - March 2015

Interim report January - March 2015 Interim report January - March 2015 April 22 th 2015 Lars Wollung, CEO Erik Forsberg, CFO Q1 Key highlights Strong financial performance EBIT excluding revaluations and fx-impact +12% Investment grade

More information

First quarter 2012. Positive volume and spread development during the past 12 months. Negative mark-to-market adjustment of basis swaps

First quarter 2012. Positive volume and spread development during the past 12 months. Negative mark-to-market adjustment of basis swaps 1 First quarter 2012 Positive volume and spread development during the past 12 months Negative mark-to-market adjustment of basis swaps Improved results in the Baltics Strengthened deposit-to-loan ratio

More information

E.ON AG Conference Call. March 5, 2003. Presentation: Dr. Erhard Schipporeit

E.ON AG Conference Call. March 5, 2003. Presentation: Dr. Erhard Schipporeit E.ON AG Conference Call March 5, 2003 Presentation: Dr. Erhard Schipporeit Member of the Board of Management and CFO Please check against delivery Page 2 of 7 Good afternoon ladies and gentlemen, Since

More information

A strong third quarter

A strong third quarter A strong third quarter Interim presentation for the third quarter 2015 Stockholm, 5 November 2015 Anders Nissen, CEO Liia Nõu, CFO Today s agenda Introduction Financial review Business model and value

More information

Power Generation Portfolio

Power Generation Portfolio Power Generation Portfolio Håkan Bushke Senior Vice President Electricity Production E.ON Capital Market Day Nordic Stockholm, July 3, 2006 Agenda Nordic and the Swedish power situation E.ON Sverige generation

More information

Acquisition of remaining 51% stake of Agea. Preparing 100% merger of Multi-utility utility operation of AGEA in HERA GROUP

Acquisition of remaining 51% stake of Agea. Preparing 100% merger of Multi-utility utility operation of AGEA in HERA GROUP Acquisition of remaining 51% stake of Agea. Preparing 100% merger of Multi-utility utility operation of AGEA in HERA GROUP Conference call held on 28th July 2004 Executive Summary Agea The Acquisition

More information

Report of the Executive Board. In millions of EUR 2014 2013

Report of the Executive Board. In millions of EUR 2014 2013 Review Results from operating activities Revenue 19,257 19,203 income 93 226 Raw materials, consumables and services (12,053) (12,186) Personnel expenses (3,080) (3,108) Amortisation, depreciation and

More information

Rune Bjerke Group President Hafslund ASA s General Meeting 14 May 2002

Rune Bjerke Group President Hafslund ASA s General Meeting 14 May 2002 The Group s results, status and challenges for the future Rune Bjerke Group President ASA s General Meeting 14 May 2002 Contents The status of the Group Annual result for 2001 Result for the first quarter

More information

Interim report January-June 2016

Interim report January-June 2016 Interim report January-June 2016 (Reporting of figures on this page pertains to Total Vattenfall, including the lignite operations) April June 2016 Net sales of SEK 34,482 million (36,115) Underlying operating

More information

Interim Report. 1 July September 2007

Interim Report. 1 July September 2007 Interim Report 1 July 2007 30 September 2007 Q3 2007 Report President and CEO Veli-Matti Mattila Elisa Q3 2007 Q3 2007 and financial highlights Review of the mobile and fixed network businesses Execution

More information