Year-end report February 12, Per Strömberg, CEO Merlin Poljak, Acting CFO
|
|
- Austin Watkins
- 7 years ago
- Views:
Transcription
1 Year-end report 213 February 12, 214 Per Strömberg, CEO Merlin Poljak, Acting CFO
2 Strategic priorities have effect Continued positive development in Q4 Net sales up 1.5%* EBIT excluding non-recurring items +19% Q4 213 Q4 212 proforma 213 Proforma 212 Proforma Our work with strategic priorities proceeding according to plan Increased sales Share of private labels (PL) increasing Continued efficiency improvements in logistics Continued challenges in ICA Norway Impairment on Portfolio companies of SEK -223 million Changed accounting principles Board proposes dividend of 8 SEK/share Net sales 25,964 25,865 99,456 99,62 EBIT excluding nonrecurring items ,4 2,715 EBIT ,547 2,67 Profit for the period , EBIT margin excluding nonrecurring items 3.7% 3.1% 3.% 2.7% EBIT margin 2.5% 3.1% 2.6% 2.6% Earnings per ordinary share * Adjusted for currency fluctuations compared with pro forma for corresponding period in 212 2
3 Important events during the fourth quarter Extended review of planned cooperation between ICA Norway and Norgesgruppen. Notification is expected by the end of February at the latest. Group financial targets adopted and evaluation of the portfolio companies finalized. Continued re-financing of bridge loan ICA Gruppen issued unlisted preference shares in ICA Fastigheter Sverige AB for SEK 3. billion. ICA Gruppen raised a SEK 1 billion bilateral loan with AB Svensk Exportkredit. Handelsbanken loan of SEK 2.3 billion (February 214), last part of bridge loan refinanced. ICA Real Estate divested two properties with Maxi ICA Hypermarket as tenant to Ancore. The underlying property value amounts to approximately SEK 435 million. ICA Bank named as Sweden s best retail bank (SKI, Swedish Quality Index). 3
4 Segments during the quarter ICA Sweden Store sales in line with the market. Price development lower in general in Q4 compared to beginning of the year. Strategic priorities according to plan: Private label share of sales rose to 21.4% (19.6%*) during 213. Good sales growth for Cura pharmacies. Extension and modernisation of distribution centre in Helsingborg according to plan. *2.1% according to new definition 4
5 Segments during the quarter (cont d) ICA Norway Awaiting decision from the competition authority regarding co-operation with Norgesgruppen by the end of February. Continuous measures to drive sales, lower costs regarding purchasing, logistics and administration. Continuous launch of new price strategy in Rimi stores. Rimi Baltic Strong development for Rimi stores in Latvia and Lithuania. Three new stores during the quarter Eight new stores opened during the year, larger Supermarkets and Hypermarkets in attractive locations. Eight of the smaller loss-making stores have been closed. 5
6 Segments during the quarter (cont d) ICA Bank Number of customers increase. Magazine Privata Affärer rank ICA Bank as the priority bank for students. Recruitment of new CEO in final stage. ICA Real Estate ICA Real Estate divested two properties with Maxi ICA Hypermarket as tenant to Ancore. The underlying property value amounts to approximately SEK 435 million. Portfolio companies Evaluation of portfolio companies finalized Forma, Kjell & Co and Cervera will be sold Continued possibilities to develop inkclub and Hemtex 6
7 The quarter in figures
8 Sales development in Q4 Group net sales increased by.4% driven by increased turnover in all segments except ICA Norway. Adjusted for comparable currency sales increased by 1.5% Net Sales () Net sales adjusted for currency 1.5% Q4 212* Q figures pro forma 8
9 Earnings development Q4 Group EBIT excluding non-recurring items increased by 19% driven by improved operating profit in ICA Sweden, ICA Norway, Rimi Baltic, ICA Bank and Portfolio companies. ICA Norway s EBIT still weak, however improved due to lower shrinkage and lower costs EBIT excl. non-recurring items () EBIT excluding nonrecurring items +19% Q4 212* Q4 213 *212 figures pro forma 9
10 Continued positive sales development in Swedish ICA stores Store sales excl. VAT October-December 213 January-December 213 Change total Change like-for-like Change total Change like-for-like Maxi ICA Hypermarket % 1.9% % 3.1% ICA Kvantum % 1.5% % 2.1% ICA Supermarket % 1.4% % 3.% ICA Nära % 1.4% % 2.5% TOTAL % 1.6% % 2.7% Performance compared with same period in 212 1
11 ICA Sweden Increased net sales and higher EBIT in Q4 Increased net sales driven by higher sales within wholesale, and Cura pharmacies. Q4 213 Q4 212 Jan- Dec 213 Jan- Dec 212 Net sales 17,62 17,184 67,992 65,75 EBIT excl. non-recurring items EBIT margin excl. non-recurring items ,58 2, % 4.7% 4.5% 4.4% Private label share 21.4% 19.6%* Number of stores 1,321 1,33 Improved EBIT excluding nonrecurring items Higher sales at higher margins driven by increased PL share. Lower EBIT within non food Net sales +2.4% Q4 212 Q *2.1% according to new definition Net sales EBIT excl. non-recurring items 11
12 ICA Norway Lower sales but EBIT improved in Q4 Continued weak sales. EBIT excluding non-recurring items improved due to lower shrink and lower store costs. Cost-cutting measures led to lower administrative expenses. Fundamental challenges remain. Q4 213 Q Net sales Jan-Dec 213 Q4 212 Q4 213 EBIT excl. non-recurring items Jan-Dec 212 Net sales 4,144 4,681 16,463 19,5 EBIT excl. non-recurring items EBIT margin excl. non-recurring items % -3.4% -4.2% -3.1% Private label share 9.7% 9.6% Number of stores incl. Matkroken
13 Rimi Baltic Strong ending of the year Sales increased by 5.2% in local currency. Higher sales and good cost control contributed to increased EBIT. Depreciations in Q4 SEK 2 million higher due to revaluation of real estate. Increase in private label share of sales. Q4 213 Q Net sales Q4 212 Q3 213 Jan-Dec 213 EBIT excl. non-recurring items Jan-Dec 212 Net sales 2,838 2,625 1,333 1,5 EBIT excl. non-recurring items EBIT margin excl. non-recurring items % 3.9% 3.% 2.6% Private label share 14.2% 12.6% Number of stores Sales +5.2% in local currency
14 ICA Bank Positive development of EBIT Higher net interest income from increased lending volumes. Counteracted by lower repo rate which rendered in lower margins. EBIT includes reversal of earlier provisions for loan losses 2 Q4 213 Q4 212 Jan-Dec 213 Jan-Dec 212 Net sales EBIT excl. non-recurring items EBIT margin excl. nonrecurring items % 12.5% 23.7% 22.2% Business volume 24,772 23,272 1 Q4, SEK 23 million Full year, SEK 34 million 1 Q4 212 Q4 213 Net sales EBIT excl. non-recurring items 14
15 ICA Real Estate Stable development Market valuation of real estate portfolio increased depreciation. Q4 SEK -42 million Q4 213 Q4 212 Jan-Dec 213 Jan-Dec 212 Net sales EBIT excl. non-recurring items * EBIT margin 21.5% 25.9% 23.% 28.8% Full year SEK -129 million (9 months). New establishments, including the acquisition of the warehouse property in Helsingborg made a positive contribution to earnings. Change in accounting principle for sale and leaseback properties Q4 212 Q4 213 Net sales EBIT excl. non-recurring items *212 results includes income from sold ICA Maxi stores in Norway of SEK 56 million. 15
16 Portfolio companies Good Christmas sale Cervera and Hemtex increased sales while it was in line with last year in inkclub and slightly lower in Forma. In total for the segment profit excluding non-recurring items improved due to higher Christmas sales in Cervera and Hemtex. Last year s costs includes costs for depreciation of inventory in Forma Books with 6 Mkr Q4 213 Q4 212 Q4 212 Q4 213 Net sales Jan-Dec 213 EBIT excl. non-recurring items Jan-Dec 212 Net sales ,657 2,726 EBIT excl. non-recurring items EBIT margin excl. non-recurring items % 3.7%.8% -4.5%
17 Net sales and operating profit per segment Q4 Net sales, Q4 213 Q4 212 ICA Sweden 17,62 17,184 ICA Norway 4,144 4,681 Rimi Baltic 2,838 2,625 ICA Bank ICA Real Estate Portfolio companies Other 2 37 Intra-group sales Net sales 25,964 25,865 EBIT excl. non-recurring items Q4 213 Q4 212 ICA Sweden ICA Norway Rimi Baltic 113* 11 ICA Bank ICA Real Estate 123** 144 Portfolio companies Other EBIT excl. non-recurring items *Includes depreciation of SEK 2 million **Includes depreciation of SEK 42 million 17
18 Non-recurring items Q4 213 Q4 212 Jan-Dec 213 Jan-Dec 212 EBIT excl. non-recurring items , Capital gain ICA Real Estate Capital gains other Impairment Whereof Portfolio companies Other Effects of acquisitions - - 8,51 - EBIT ,
19 Changed accounting principle for Sale & leaseback properties Changed accounting principle for sale & leaseback properties means that these no longer will be accounted for in ICA Gruppen s balance sheet. No impact on Group net cash flow. The change is valid retroactive. Historical numbers are recalculated. Equity increase by SEK 1,51 million Assets reduced by SEK 2,448 million Liabilities reduced by SEK 3,949 million Impact due to change SEK million Quarter Full year EBITDA Depreciation EBIT Interest expenses Net profit EBIT margin* -.3 ppt -.3 ppt ROCE* Net debt/ebitda* -.5 ppt +.2x *ICA Gruppen 19
20 Stable cash flow from operating activities Cash flow from operating activities * SEK million Former ICA AB Group ICA Gruppen *excluding ICA Bank 2
21 SEK billion Bridge loans re-financed 19 5 In February 214, the last portion of the bridge loans were re-financed SEK 5 billion new share issue to the company s shareholders in May Bonds issued in SEK in June for SEK 5 billion Preference shares in ICA Fastigheter Sverige AB, SEK 3 billion in December Bilateral loan of SEK 1 Billion was granted in December. 2.3 Payment from own cash SEK 2.7 billion Last part of bridge loans refinanced in February 214 SEK 2.3 billion. 21
22 ICA Gruppen s net debt almost at target level ICA Gruppen net debt/ proforma EBITDA Net debt Q3 SEK 13.9 billion. Net debt decreased to SEK 9.2 billion in Q4, corresponding to 2.1 x EBITDA proforma. Preferential shares Strong cash flow x 2.7x 2.8x 2.1x Long-term target <2.x 1 Q1 213 Q2 213 Q3 213 Q
23 ICA Gruppen s financial targets Target Full year 213 Long-term To grow faster than the market Sweden Norway Baltics All markets Operating margin excluding nonrecurring items 3.% 4.% Return on capital employed* 6.1% 9.% Net debt/ EBITDA** 2.1x <2.x Dividend (% profit for the year) 68% 5% * Excluding ICA Bank ** Interest-bearing liabilities excluding pensions and ICA Bank minus cash and cash equivalents in relation to EBITDA, excluding effects of acquisition, before depreciation and impairment. 23
24 Strategic priorities outcome and 214
25 Strategic priorities 213 Strategic themes Strengthen customer loyalty and brand position Strengthen and expand our customer offering Optimize and broaden our sales channels Simplify our business Engage and develop our people Excel in corporate responsibility Strategic priorities Turnaround the Norway business Increase profitable private label penetration Ensure competitive pricing and fair price perception Develop portfolio strategy Build a leading position online Grow the retail business (in Sweden and Baltics) Collaborate to capture synergies across OpCos Ensure efficient operations with focus on supply chain Develop ICA s common values 25
26 Strategic priorities 214 Strategic themes Strengthen customer loyalty & brand position Strategic priorities 1 Turn around the Norway business 2 Develop and leverage leading CRM New Strengthen & expand our customer offering Optimize & broaden our sales channels Simplify our business Engage & develop our people Further strengthen the Private Label offering Ensure competitive pricing and fair price perception Implement the portfolio and non-food strategy Build a leading position online Strengthen the store network (main focus on Cura, Lithuania, metro Sweden) Exploit sourcing synergies Implement ICA common values New Adjusted Adjusted Adjusted Excel in corporate responsibility 1 Support sustainable customer choices New 26
27 Summary Continued positive development in Q4 Net sales up 1.5%* EBIT excluding non-recurring items +19% Our work with strategic priorities proceeding according to plan Increased sales Share of private labels (PL) increasing Continued efficiency improvements in logistics Continued challenges in ICA Norway Impairment on Portfolio companies of SEK -223 million Changed accounting principles Board proposes dividend of 8 SEK/share * Adjusted for currency fluctuations compared with pro forma for corresponding period in
28
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 informationQ2 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 informationQ4 report 2014 - Press and analyst meeting
Q4 report 2014 - Press and analyst meeting 11 February 2015 Per Strömberg, CEO Sven Lindskog, CFO Q4 strong sales development and investments for continued growth Net sales increased by 6.2% In local currency
More informationQ2 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 informationInterim report January June 2013
Interim report June Strong quarter for ICA Gruppen ICA Gruppen s consolidated financial statements include ICA AB as a wholly owned subsidiary with effect from 27 March when acquisition of Ahold s shares
More informationCash flow from continuing operating activities 1,676 2,011 3,794 4,263 5,638 Cash flow from operating activities 1,454 1,981 3,612 3,975 5,285
Year-end report Strong sales trend, investments for continued growth Fourth quarter of in summary Consolidated net sales amounted to SEK 23,180 million (21,820) in the fourth quarter, an increase of 6.2%.
More informationInterim report January June 2014
Interim report ICA Gruppen continued to increase sales and earnings in the second quarter ICA Gruppen s consolidated financial statements include ICA AB as a wholly owned subsidiary with effect from 27
More informationYear-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 informationINTERIM 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 informationINTERIM REPORT for the period January 1 March 31, 2007
Interim report for ICA AB January 1 - March 31, 2007 INTERIM REPORT for the period January 1 March 31, 2007 Stockholm, May 15, 2007 Strong sales growth but lower operating income during first quarter Net
More informationInterim report ICA AB. January 1 June 30, 2009
Interim report ICA AB January 1 June 30, 2009 Interim report Stockholm, Sweden, August 19, 2009 Increased sales and improved operating income excluding capital gains and impairments Second quarter Net
More informationYEAR-END REPORT for the period January 1 December 31, 2006
Year-end report for ICA AB January 1 - December 31, 2006 YEAR-END REPORT for the period January 1 December 31, 2006 Stockholm, February 21, 2007 Strong net income for ICA Group in 2006 despite weak fourth
More informationInterim report ICA AB. January 1 March 31, 2009
Interim report ICA AB January 1 March 31, 2009 Interim report Stockholm, May 6, 2009 Increased net sales and improved operating income for the ICA Group during the first quarter First quarter Net sales
More information2014 a busy business year
Annual Report Contents a busy business year Overview The past year This is ICA Gruppen 1 CEO comments 2 ICA Gruppen s frameworks and guidelines 4 13 B S Strategic themes and priorities 6 B S Targets and
More informationICA Group to acquire Apotek Hjärtat AB. 12 November 2014, Stockholm
ICA Group to acquire Apotek Hjärtat AB 12 November 2014, Stockholm Acquisition in brief ICA Gruppen has signed an agreement with Altor Fund III to acquire Apotek Hjärtat for a consideration of SEK 5.7bn
More informationFourth quarter 2014. February 13, 2015
Fourth quarter February 13, 215 Overview of results SEKm 213 FY FY 213 Net sales 1,6 1,638 % 39,95 39,533 1% EBITDA 52 621-16% 2,198 2,31-5% Adjusted EBIT 1) 44 344 28% 861 826 4% EBIT -7 18 351 662-47%
More informationInterim report January - June 2009
2009-08-19 Sida 1/18 Interim report January - June 2009 January 1 June 30, 2009 Group revenues amounted to SEK 670 M (584). This represents an increase of 14.7% compared with the same period in 2008. The
More informationICA Real Estate building for the future
ICA Real Estate building for the future Capital Markets Day 11 December 2015 Lena Boberg CEO ICA Real Estate Building for the future ICA Real Estate as a generator of new ICA store locations ICA Sweden
More informationMarket leader investing for continued growth
Market leader investing for continued growth Capital Markets Day, ICA Gruppen 10 December 2014 Anders Svensson, CEO ICA Sverige AB, Deputy CEO ICA Gruppen ICA Sweden in brief 49 years as market leader
More informationIncome statement, 5-year summary Q1, 2013
00B 0B, 5-year summary Financial information, Group, Group FY FY FY FY FY SEKm 2012 2) 2011 2010 1) 2009 2008 Net interest income 1) 20 361 19 014 16 228 20 765 21 702 Net commission income 1) 9 614 9
More informationComposition of net asset value SEK billion SEK per share 2003 2003 2002 2003 2003 2002 Parent company Aug. 4 June 30 Dec. 31 Aug. 4 June 30 Dec.
Interim Report January 1 - June 30, 2003 Industrivärden s net asset value was SEK 27,682 M on August 4, an increase of SEK 3,267 M since year-end 2002. On June 30 the net asset value was SEK 25,642 M (29,645).
More informationAverage annual change, % Change, % Five years, Ten years Jan. 1-Aug.2 Aug. 00-Aug. 05 Aug. 95-Aug. 05
Interim Report January 1 June 30, 2005 Industrivärden s net asset value was SEK 41,171 M on August 2, 2005, compared with SEK 36,563 M at the start of the year, entailing an increase of SEK 4,608 M for
More informationCarnegie Investment Bank AB (publ) Year-end report
Carnegie Investment Bank AB (publ) (Corp. reg. no. 516406-0138) Year-end report 1 January 31 December 2009 Carnegie Investment Bank AB (publ) is a leading independent investment bank with Nordic focus.
More informationInterim report January March 2009
May 6, 2009 Page 1/16 Interim report January March 2009 January 1 March 31, 2009 Group revenues amounted to SEK 311 M (283). This represents an increase of 9.8% compared with the same period in 2008. The
More informationPRESS RELEASE FROM SCRIBONA AB (publ), corp. reg. no. 556079-1419. Interim report January September 2004 for the Scribona Group
PRESS RELEASE FROM SCRIBONA AB (publ), corp. reg. no. 556079-1419 October 20, 2004 Interim report January September 2004 for the Scribona Group Third quarter sales reached MSEK 2,308 (2,357). Sales for
More informationO KEY GROUP ANNOUNCES AUDITED FINANCIAL RESULTS FOR 2014
Press Release 19 March 2015 O KEY GROUP ANNOUNCES AUDITED FINANCIAL RESULTS FOR 2014 O KEY Group S.A (LSE: OKEY), a leading food retailer in Russia, today released audited consolidated financial results
More informationFöreningsSparbanken Preliminary year-end report for 2005 February 15, 2006
FöreningsSparbanken Preliminary year-end report for February 15, 2006 Fourth quarter : Operating profit rose by 12 percent or SEK 357 M to SEK 3,279 M (2,922) Profit for the period rose by 25 percent to
More informationKungsleden AB (publ) Chief Executive Thomas Erséus Deputy Chief Executive Johan Risberg. 20 February 2009
Kungsleden AB (publ) Chief Executive Thomas Erséus Deputy Chief Executive Johan Risberg 20 February 2009 Kungsleden in brief Kungsleden owns and manages properties generating high and stable long-term
More informationIncreasing 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 informationInterim 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 informationYear-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 informationSolid Financial Position Improving Efficiency
Solid Financial Position Improving Efficiency Kim Ignatius CFO, Sanoma Group Sanoma Capital Markets Day 12 October 2009 Solid financial performance improving efficiency Cost reductions Reshaping operations
More informationInterim 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 informationTeliaSonera Interim Report January September 2015
January September January September Solid core business THIRD QUARTER SUMMARY Net sales increased 6.3 percent to SEK 27,029 million (25,417). Net sales in local currencies, excluding acquisitions and disposals,
More informationFull year report January December 2015
Full year report January December 215 Telephone conference February 12, 216 Thomas Berglund, CEO Olof Bengtsson, CFO Continued improvements in Capio Nordic and Germany France almost compensated for the
More informationEurope: Growth of +7.8% in Recurring Operating Income France: New half of improved profitability
2014 FIRST HALF RESULTS: CONTINUED GROWTH Organic sales growth of 4.3% Increase in Recurring Operating Income of +13.8% Strong increase in adjusted net income, Group share of +16.7% Strong profit growth
More informationPresentation annual results 2013
Presentation annual results 2013 Amsterdam, 21 February 2014 René J. Takens, CEO Hielke H. Sybesma, CFO Jeroen M. Snijders Blok, COO Agenda 1. Accell Group in 2013 2. The Accell Group share 3. Financials
More informationVattenfall 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 informationYEAR-END REPORT 2013. 2013 fiscal year. Fourth quarter 2013. Forecast for 2014
Year-end report AB Sagax is a property company whose business concept is to invest in commercial properties, primarily in the warehouse and light industry segment. YEAR-END REPORT fiscal year Rental revenue
More information24.02.2015 Press release Van de Velde: annual results 2014
24.02.2015 Press release Van de Velde: annual results 2014 REBITDA ROSE ON A COMPARABLE BASIS BY 14.8%. RECURRING NET PROFIT INCREASED, BUT NET PROFIT WAS NEGATIVELY IMPACTED BY IMPAIRMENT ON INTIMACY
More informationInvestment AB Kinnevik
Investment AB Kinnevik Skeppsbron 18 P.O. Box 2094 SE-103 13 Stockholm Sweden www.kinnevik.se (Publ) Reg no 556047-9742 Phone +46 8 562 000 00 Fax +46 8 20 37 74 INTERIM REPORT 1 JANUARY-31 MARCH Highlights
More informationInterim report January-December 2015
(All figures in brackets refer to the corresponding period in 2014 and Hygena is recognised as a discontinued operation, refer to page 7.) October-December 2015 Net sales excluding items affecting comparability
More informationYear-end report. President s comments. The fourth quarter. January - December
Year-end report The fourth quarter > > Net sales increased by 17 percent during the fourth quarter to SEK 1,758 M (1,504). In local currencies, net sales increased by 7 percent > > Operating profit increased
More informationInterim report January March 2009
14 May, 2009 Interim report January March 2009 STRONG FIRST QUARTER EBIT INCREASED BY 20 PER CENT Revenues increased by 19 per cent to SEK 744 M (626). EBIT increased by 20 per cent to SEK 57 M (48) and
More informationEVENTS AFTER THE END OF THE PERIOD
BE Q1 Interim report BE Group AB (publ) January March 2015 Malmö, April 28, 2015 FIRST QUARTER 2015 Net sales rose by 2 percent compared with the year-earlier period, amounting to SEK 1,104 M (1,083).
More informationInterim 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 informationMetsä Board Metsä Board
Metsä Board Financial 215 Financial statements statements review review 215 Highlights in 215 Paperboard delivery volumes increased by 12% compared to 214 Operating profit improved 32% Strong operating
More informationThe Board of Directors proposes a dividend of SEK 7.00 per share (6.00), an increase of 17%.
Year-End Report 2005 Industrivärden s net asset value was SEK 50,596 M on February 14, 2006, an increase of SEK 2,344 M for the year to date. Net asset value on December 31, 2005, was SEK 48,252 M (36,563),
More informationVattenfall three-month Interim Report 2002 January - March
1 Vattenfall three-month Interim Report 2002 January - March Presentations by Lars G Josefsson, CEO and Matts Ekman, CFO May 15, 2002 2 Highlights Net sales more than doubled to SEK 28.4 billion Return
More informationFull Year Results 2014
Full Year Results 2014 18 March 2015 Conference call on FY Results 2014 Corporate Finance & Investor Relations AGENDA FY 2014 results presentation Highlights 2014 Financials 2014 Outlook 2015 Appendix
More informationVisual 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 informationNet sales increased with 16% to SEK 76.1 m (65.6). Net sales for the last four quarters totalled SEK 255.0 m (306.6)
HMS Networks AB (publ) Interim report January-March 2010 First quarter 2010 Net sales increased with 16% to SEK 76.1 m (65.6). Net sales for the last four quarters totalled SEK 255.0 m (306.6) Operating
More informationZetaDisplay. 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 informationLudwigshafen, February 25, 2014
Ludwigshafen, February 25, 2014 Analyst Conference FY2013 Cautionary note regarding forward-looking statements This presentation may contain forward-looking statements that are subject to risks and uncertainties,
More informationFURTHER PROFIT GROWTH IN FIRST-HALF 2015
FURTHER PROFIT GROWTH IN FIRST-HALF 2015 Net sales of 37.7bn, up +5.2% (+2.9% on an organic basis) Growth in Recurring Operating Income: 726m, +2.6% at constant rates Strong growth in adjusted net income,
More informationPohjola Group. 31 March 2008
Pohjola Group 31 March 2008 Group business structure Strategy Interim report 31 March 2008 Pohjola Group Banking and Investment Services Non-life Insurance Acquisition synergies Prospects for 2008 Dividend
More informationConsolidated Statement of Profit or Loss (in million Euro)
Consolidated Statement of Profit or Loss (in million Euro) Q2 2012 Q2 2013 % H1 2012 H1 2013 % Restated * change Restated * change Revenue 779 732-6.0% 1,513 1,437-5.0% Cost of sales (553) (521) -5.8%
More informationQ4 2015. Jason Clark CEO
Q4 Jason Clark CEO Strategic View Investment in Core Regions Acquire and/or scale specialist skill > Value Resolve problem countries Services Growth, maximise product sales Strengthen Functions & Governance
More informationCEO Terje Mjøs. Oslo, 16 July 2014. Q2 2014 Presentation
CEO Terje Mjøs Oslo, 16 July 20 20 Presentation Part I ` Report o Highlights o Group o Segments Part II o Outlook Summary Appendix 20 presentation 2 Highlights Record high order backlog Strategic wins
More informationWihlborgs Fastigheter AB Year End Report 2015
Wihlborgs Fastigheter AB Year End Report 2015 Anders Jarl, CEO and Arvid Liepe, CFO 9 February, 2016 Bild 1 Summary 2015 Rental income increased by 3 percent to 1,910 SEKm (1,856) Operating surplus* increased
More informationHow To Make A Profit From Telecolumna.Com
FY 2015 Q1 Results Presentation Berlin, 12 May 2015 Disclaimer This document has been prepared by Tele Columbus AG(the"Company") solely for informational purposes. This presentation may contain forward-looking
More informationTELE2 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 informationConference call on 2014 half year results 13 August 2014
Conference call on 2014 half year results 13 August 2014 IMCD IMCD Group N.V. Disclaimer Forward looking statements This half year report contains forward looking statements. These statements are based
More informationHowellust
Year-end report 1 January 31 December 2013 Net sales rose to SEK 479.4 M (433.8), up approximately 12%.* Order bookings totalled SEK 460.5 M (447.6), up about 4%.* Operating profit amounted to SEK 48.0
More informationIMCD reports strong results for 2014
IMCD reports strong results for 2014 Rotterdam, The Netherlands 11 March 2015 - IMCD N.V. ( IMCD or Company ), a leading international speciality chemicals-focused distributor, today announces the 2014
More informationINTERIM REPORT JANUARY SEPTEMBER
The upcoming fourth quarter is strongly influenced by Christmas sales both in promo and retail, and it is mainly the same products that are in demand in both sales channels. INTERIM REPORT JANUARY SEPTEMBER
More informationInterim Report. Interim Report. 1 January 30 June 2005
Interim Report SVENSKA CELLULOSA AKTIEBOLAGET SCA (publ) Communications and Investor Relations Box 7827, 103 97 Stockholm, Sweden Tel +46 8 788 51 00, Fax +46 8 660 74 30 www.sca.com Reg.No. 556012-6293
More informationEDB Business Partner ASA FOURTH QUARTER 2003 INTERIM REPORT
- 1 - EDB Business Partner ASA FOURTH QUARTER 2003 INTERIM REPORT Summary The EDB group reports its best quarterly earnings since the fourth quarter of 2001 All business areas report improved operating
More informationInterim report January March 2006
Interim report January March 2006 Total revenues for the period rose 8.5 per cent to SEK 549.8 M (506.5) EBIT increased by 67.4 per cent and amounted to SEK 38.0 M (22.7) The EBIT margin amounted to 6.9
More informationAPRIL-JUNE 2014 JANUARY-JUNE 2014
Interim Report APRIL-JUNE 2014 JANUARY-JUNE 2014 Net sales totaled SEK 9,816m (9,757). Net sales totaled SEK 19,815m (19,589). Operating income totaled SEK -30m (-90). Operating income totaled SEK 76m
More informationYear-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 informationVattenfall 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 informationDuring the spring 2002 the refurbishment of project Vimpeln in Uppsala was completed. The whole property, 2,300 sq.m. office premises and 700 sq.m.
During the spring 2002 the refurbishment of project Vimpeln in Uppsala was completed. The whole property, 2,300 sq.m. office premises and 700 sq.m. laboratories is rented by a biotechnic company. Half-year
More informationInterim 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 informationGUNNEBO YEAR-END RELEASE 2015
Year-End Release 2015 GUNNEBO YEAR-END RELEASE 2015 Gothenburg, February 4, 2016 The CEO s comments on the fourth quarter Order intake during the quarter was good and increased organically in all regions.
More information2014 results presentation for media and investors. Zurich, March 26, 2015
2014 results presentation for media and investors Zurich, Agenda 1 Introduction and executive summary 2 2014 results 3 A multi-dimensional transformation 4 Outlook Slide 2 Valora is moving in the right
More informationA 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 informationInterim report January June 2015
Interim report January June Second quarter Gross cash collections SEK 834m EBIT margin 30% Acquisition of loan portfolios SEK 665m CET1 ratio 12.58% April June, year-on-year Gross cash collections increased
More informationTOMAS 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 informationInterim report for FöreningsSparbanken (Swedbank) January September 2005 October 27, 2005
Interim report for FöreningsSparbanken (Swedbank) January September October 27, The best quarter ever Third quarter : Operating profit doubled to SEK 5,225 M (2,583) Profit for the quarter rose by 34 percent
More informationDisclaimer. Telenor First Quarter 2010
Telenor First Quarter 2010 Jon Fredrik Baksaas, President and CEO Disclaimer The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be
More informationGrandVision reports Revenue growth of 13.8% and EPS growth of 31.7%
GrandVision reports Revenue of 13.8% and EPS of 31.7% Schiphol, the Netherlands 16 March 2015. GrandVision NV (EURONEXT: GVNV) publishes Full Year and Fourth Quarter 2015 results. 2015 Highlights Revenue
More informationSEK M Q4 02 Q3 02 Q2 02 Q1 02 Q4 01 Q3 01 Sales volume insurance (weighted*) Total 5,741 4,517 5,393 8,254 6,802 6,032
Appendix 1 SEB Trygg Liv SEB Trygg Liv represents the SEB Group s life insurance business according to a bank-assurance concept, i.e. an integrated banking and insurance business. The purpose of the concept
More informationMACINTOSH RETAIL GROUP NV. Aandeelhoudersvergadering d.d. 27 april 2010. General meeting of shareholders. April 27, 2010
MACINTOSH RETAIL GROUP NV Aandeelhoudersvergadering d.d. 27 april 2010 General meeting of shareholders April 27, 2010 Should different interpretations arise between the Dutch and English version of this
More informationInvestor & Analyst Presentation Semi-Annual Report 2014. Dr. Cornelius Patt, CEO Andreas Grandinger, CFO August 19th, 2014
Investor & Analyst Presentation Semi-Annual Report 2014 Dr. Cornelius Patt, CEO Andreas Grandinger, CFO August 19th, 2014 Safe Harbor Statement This document includes supplemental financial measures that
More informationQ4/Year-end Report 2013
Q4/Year-end Report Q4/Year-End Report OCTOBER - DECEMBER IN SUMMARY JANUARY - DECEMBER IN SUMMARY Income SEK 968 million (993) Income SEK 3,875 million (3,900) EBITDA SEK 228 million (238) EBITDA SEK 1,051
More informationThird quarter results 2015
1 Third quarter results 2015 30 October 2015 Peter A. Ruzicka, President & CEO Improved performance in the third quarter 2.3% organic growth 1 15% EBIT (adj.) 2 growth in BCG 57% increase in EPS 2 1 Reported
More informationPresentation April 2007, Lars Nilsen, CEO. Block Watne Gruppen Private Placement
Presentation April 2007, Lars Nilsen, CEO Block Watne Gruppen Private Placement Disclaimer This presentation is not directed to U.S. persons within the meaning of Regulation S under the U.S. Securities
More informationSparebanken Hedmark Financial result Third quarter 2015
Sparebanken Hedmark Financial result Third quarter 2015 Sparebanken Hedmark Third quarter 2015 Stable development and falling unemployment rate in Hedmark - Hedmark and Oppland are two of the country`s
More informationQ2 2003 Sales volume insurance (weighted*) Total 7,298 6,261 5,741 4,517 5,393 8,254 Q1 2003 Q4 2002 Q1 2002 Q3 2002
Appendix 1 SEB Trygg Liv SEB Trygg Liv represents the SEB Group s life insurance business according to a bank-assurance concept, i.e. an integrated banking and insurance business. The purpose of the concept
More informationTieto Corporation. 26 October 2015. Tanja Lounevirta Head of IR
Tieto Corporation 26 October 215 Tanja Lounevirta Head of IR Financial facts Customer sales in 214: EUR 1 523 million EBIT margin excl. one-off items *) : 9.9% Sales by Service Line Tieto s market position:
More informationInterim Report 1 January 31 March Volvofinans Bank AB
Interim Report 1 January 31 March Volvofinans Bank AB Message from the President January March highlights Pre-tax profit SEK 75.7 million (58.7) Return on equity 7.5% (5.8) Lending at 31 March of SEK 23.9
More informationPress release from Pandox Hotellfastigheter AB (publ) 7 February 2000. Year-end report January December 1999
Press release from Pandox Hotellfastigheter AB (publ) 7 February 2000 Year-end report January December 1999 Income after tax amounted to SEK 83.4 M (61.5), corresponding to earnings per share, excluding
More informationWE SIMPLIFY YOUR BUSINESS
WE SIMPLIFY YOUR BUSINESS Visma ASA Biskop Gunnerusgt. 6, Postboks 774 Sentrum, NO-0106 OSLO, Norway, tel +47 46 40 40 00, fax +47 23 15 81 58, www.visma.com 4 QUARTER 2005 PRINTED ON 23. JANUARY 2006
More informationCONSOLIDATED FINANCIAL REPORT FIRST QUARTER FISCAL 2009
CONSOLIDATED FINANCIAL REPORT FIRST QUARTER FISCAL 2009 (March 1, 2009 to May 31, 2009) July 9, 2009 F&A Aqua Holdings, Inc. is listed on the First Section of the Tokyo Stock Exchange under the securities
More informationYear-end Report 2015. 400 Fairview, Seattle, U.S.
Year-end Report 400 Fairview, Seattle, U.S. Year-end Report Strong result on a group level Improved profitability Strong performance in Project Development Strong cash flow and financial position Operating
More informationYEAR-END REPORT January December 2015
Quarterly financials hampered by production problems YEAR-END REPORT January December KEY HIGHLIGHTS Net sales for the quarter was SEK 5 213 million (5 4). Earnings per share for the quarter was SEK.9
More informationInterim report. January-March 2015. President s comments. The first quarter
Interim report January-March The first quarter > > Net sales increased by 20 percent during the first quarter to SEK 1,354 M (1,129). In local currencies, net sales increased by 2 percent > > Operating
More informationInterim Report First Quarter 2016
Interim Report First Quarter HIGHLIGHTS Solid mid-single digit LFL mobile-end user service revenue growth Kazakhstan joint venture finalized Strong performance in the Baltic region Netherlands momentum
More informationEDB Business Partner ASA FIRST QUARTER 2005 INTERIM REPORT
- 1 - EDB Business Partner ASA FIRST QUARTER 2005 INTERIM REPORT Growth in revenues and profit as a consequence of acquisitions Successful integration of acquired businesses and subsequent cost reductions
More information