Nordex SE Conference Call FY Frankfurt/Main, 25/03/2013
|
|
- Elaine Edwards
- 8 years ago
- Views:
Transcription
1 Nordex SE Conference Call FY 2012 Frankfurt/Main, 25/03/2013
2 AGENDA 1. Highlights Winds of change Dr. J. Zeschky 2. Reorganisation USA / China Dr. J. Zeschky 3. Business performance and financials 2012 B. Schäferbarthold 4. Markets and products Dr. J. Zeschky 5. Strategy implementation and outlook Dr. J. Zeschky APPENDIX: Financial calendar 2013 Shareholder structure 2
3 HIGHLIGHTS WINDS OF CHANGE 2012 Sharpening strategic focus aligning capacity to market activity Adjusting capacity in China and US in line with projected demand One-time expenses of EUR 75 mn Drastic reduction of operating losses going forward 2012 revenue, EBIT before one-time expenses and operating cashflow in line with guidance order intake grew against a declining industry trend 2013 Strategic initiatives on time and on budget Positive Outlook: Revenue EUR bn Order intake ~EUR 1.2 bn EBIT margin 2% - 3% Positive operating cashflow 3
4 CHINA ORGANISATIONAL MEASURES AND FUTURE SET-UP Current situation Measures and costs Domination of Chinese OEMs [Market shares 2012] Foreign OEMs 7,5% -5 92,5% -2 Chinese OEMs Shift in Market dynamics [GW] Market decrease 2011/12 New project approvals Grid-connection bottleneck 13 Measures: Impairment of assembly plants and capitalized product development Write downs on inventories Discontinued blade production in Dongying 130 employees laid off (-35 % of CN total) Temporary layoffs in Yinchuan (nacelle assembly) Amount: EUR 30.2 mn Future set-up APEC * instead of APAC : Focus on sales business outside China, esp. Pakistan, Philippines and Thailand Sourcing from China *Asia Pacific excluding China Sources: MAKE Consulting, CWEA 4
5 USA ORGANISATIONAL MEASURES AND FUTURE SET-UP Current situation Measures and costs Pressure on electricity prices [Wholesale price decreases 2011/2012] Measures: Mid-Columbia -24% CAISO NP15-15% MISO Illinois Hub -17% PJM West -22% Palo Verde -18% Info Southern -25% ERCOT -43% Mass Hub -23% NYISO Zone -27% Impairment of assembly plant Write downs on inventories Provisions for reduction of personal 40 employees affected (-19% of US total) Significant reduction of structural costs (-50%) Amount: EUR 44.8 mn Volatility in installations [GW] Forecast 8 3 Future set-up Stronger focus on sales outside the US, esp. South and Central America Selected project development in the US and other markets in the Americas e Sources: MAKE Consulting, AWEA, EIA 5
6 GOOD BUSINESS PERFORMANCE ALONG THE ENTIRE VALUE CHAIN IN 2012 Order backlog EUR Mio. (+50%) Backlog already covers 80% of sales guidance 2013 Installations 920 MW (-5%) Double digit market shares in UK, Ireland, Turkey, Norway, Sweden, Belgium Production Turbine production: 909 MW (+17%) Blade production: 258 MW (+19%) Productivity Value added per employee: +10% Production time reduced (hrs/wtg): -26% Service Sales: EUR 119 mn (+26%) Further improvement in service quality rank 3 in BWE-survey Serviceumfrage
7 INCOME STATEMENT FY 2012 In EUR mn FY 2012 FY 2011 in % Sales 1, Total revenues 1, Cost of materials (865.3) (690.3) 25.4 Gross profit ,3 0.6 Personnel costs (140.2) (146.5) (4.3) Net other oper. expenses (87.2) (88.5) (1.5) EBITDA 8.2 (0.7) >100 Depreciation (69.3) (26.3) (>100) EBIT after exceptionals (61.1) (27.0) (>100) Exceptionals (75.1) (19.4) (>100) EBIT before exceptionals 14.0 (7.6) >100 Net financial result (24.0) (18.2) (31.9) EBT (85.1) (45.2) (88.3) Tax (2.8) (1.9) (47.4) Net Profit continued operations (87.9) (47.1) (86.6) Net Profit discontinued operations (6.5) (2.4) (>100) Net Profit (94.4) (49.5) (90.7) Sales increase of 17% due to strong performance in Europe (+28%) and service business (+26%) EBITDA before exceptionals EUR 41.5 mn (2011: EUR 18.8 mn) Positive operational EBIT of EUR 14mn exceptionals China and US amounting to EUR 75.1 mn 7
8 CASH FLOW STATEMENT FY 2012 In EUR mn FY 2012 FY 2011 Net result (87.9) (47.1) Depreciation Change in working capital (17.7) Other cash outflow from operating activities (1.8) (9.3) Cash flow from operating activities (47.3) Cash flow from investing activities (56.1) (44.4) Cash flow from financing activities (21.0) Change in liquidity from cash flows from cont. operations Change in liquidity from cash flows from disc. operations (0.3) (0.3) Liquidity beginning of period Other (0.9) 1.9 Liquidity end of period Exceptional depreciation in China and the US amounting to EUR 38.8 mn Positive operating cash flow of EUR mn (2011: EUR mn) Liquidity inflow due to strong order intake in Q4 and strict working capital management Investing activities focused on R&D (total R&D-expenditures EUR 45.7 mn; 2011: EUR 43.2 mn) Liquidity up 30% YoY 8
9 INVENTORIES AND WORKING CAPITAL DEVELOPMENT Quarterly development of inventories and working capital ratio mn EUR % 400 WC (WC to total revenues) Inventories in EUR mn % Q Q Q Q Q Q Strict working capital management resulted in a continuous improvement of the working capital ratio since mid 2011 Sharp decrease in working capital ratio in Q4 to 8.7% (FY 2011: 27.9%) partly due to substantial prepayments received Inventories stable YoY despite higher production volume in
10 BALANCE SHEET FY 2012 In EUR mn Liquid funds Trade receivables and future receivables Net inventories Other current assets Current assets Capitalized dev. expense Deferred tax assets Other non-current assets Current bank borrowings Trade payables Other current liabilities Current liabilities Non-current bank borrowings Deferred tax liabilities Bond Other non-current liabilities Non-current assets Non-current liabilities Shareholders equity Total assets 1, ,029.0 Total liabilities 1, , Bond disclosed under current liabilities / short-term debt in FY 2011 in the amount of EUR mn 2 incl. accrued interest until Equity ratio decreased to 26.2 % ( : 36.6 %) Net cash position EUR 29.6 mn ( : net debt EUR 54.0 mn) Re-financing secured - syndicated loan with a volume of EUR 475 mn extended until June 2014 with an option for extension until June
11 APAC Americas EMEA CURRENT WIND MARKET SITUATION Change of legal framework initiated or expected for major markets Northern and Eastern markets stable Southern Europe still weak Some uncertainties in Germany but possible boom in 2013 Groundbreaking ceremonies in South Africa ( Dorper and Kouga ) Nordex: Encouraging customer interest in N117/2400, good production capacity utilization; strong order book in Northern Europe, Germany and South Africa US record year in wind installations: 13.1 GW (2011: 6.8 GW) PTC-extension for 2013/14 (start of construction 2013 required) Market entrance in South America (two projects in Uruguay) Nordex: Lack of orders in the US, underutilized production capacity will be adjusted; project development activities intensified (Chile, Honduras; 300 MW pipeline) Development in China slowing down only 13.0 GW installed in 2012 (2011: 17.6 GW), foreign OEMs below 1 GW Tier II markets such as Pakistan, Philippines or Thailand slowly developing Nordex: underutilized production capacity will be adjusted; first project in Pakistan (49.5 MW) fully commissioned 11
12 MARKET OUTLOOK UNTIL 2016 Regional development Assumptions Forecast MAKE forecast stable - global WTG installations to grow with a CAGR of ~5% % Americas Market potential of >50GW p.a. from 2014 onwards thereof more than 90% onshore Demand in Northern and Eastern Europe stable Tier II markets like Ireland (CAGR +26%), Finland (CAGR +19%) and Norway (CAGR +8%) catching up e 2017e Asia-Pac. Europe RoW Southern Europe held back by the debtcrises, but fairly stable thanks to Turkey (CAGR +11 %) and France (CAGR +4 %) Americas: US market main reason for global market stagnation in 2013 due to late PTC-extension LatAm catching up Asian volume still driven by China but still affected by grid constraints / gridconnection bottlenecks Sources: 2011/ GWEC; MAKE Consulting RoW: South Africa and selected countries in North Africa are new emerging markets 12
13 ORDER INTAKE DEVELOPMENT NORDEX OUTPERFORMED ITS PEER GROUP Order intake development in the wind industry [EUR mn/mw] -4% -37% +32% +15% MAKE (MW) * Nordex (EUR mn) New order intake record of EUR 1,268 mn (2011: 1,107 mn) and improved margins on new orders in 2012 Figures imply an increase in market share due to focus on the right markets and success of N117/2400 Targeted order intake for 2013: ~ EUR 1.2 bn Sources: MAKE Consulting ; * 2012 announced and publicly available orders
14 THE KEY TO SUCCESS FOCUS AND PRODUCTS Growth in order intake against a declining industry trend due to: Focused approach (countries projects customers) Superior IEC 3 product N117/2400 full range of certificates, excellent results of prototype testing, 50 WTGs installed already, very good reputation (e.g. IEC 3 turbine of the year in Windpower Monthly ) Solution-driven innovations such as the Anti-Icing-System and a range of tower solutions 14
15 ORDER BACKLOG DEVELOPMENT AND ORDER BOOK Development of firm order backlog in EUR mn +50% 1, FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 Increase in order backlog of 50 % - Nordex will start 2013 with one of the highest order backlogs ever Low exposure to Southern Europe (<10%) Additional conditional order backlog of EUR 1.4 bn (2011: EUR 1.3 bn) leads to a sound start in Q Revenue guidance for 2013: EUR bn, of which 80% is already covered 15
16 GENERATION DELTA PROVEN TECHNOLOGY AT A NEW STAGE OF EVOLUTION Increased: Annual Energy Production (+31%) Improved: Designed: Serviceability for Reliability Launch: EWEA 2013 First order: February 2013 First installations: June 2013 Serial delivery: January 2014 Generation Delta Lower Cost of Energy for medium wind sites - N117/3000 and strong wind sites - N100/
17 GENERATION DELTA COMPETITIVE PRODUCT PORTFOLIO FOR ALL ONSHORE WIND CLASSES Rotor diameter 117 m N117/2400 N117/ m N100/ % AEP N100/ % AEP 90 m N90/2500 6,0 6,5 7,0 7,5 8,0 8,5 9,0 9,5 10,0 Wind Speed in m/s IEC 3a IEC 2a IEC 1a 17
18 STRATEGY IMPLEMENTATION UPDATE Sales Strategy: Germany initiative up and running: strong order momentum in 2012 (OI +60% yoy) as well as in January and February 2013 (84 MW already booked for projects in Southern Germany with customers like ABO Wind, WSB, Planet Energy / Greenpeace) Turn-key excellence: ground-breaking ceremony in South African projects Dorper and Kouga Improvement of contribution margin in order backlog Operational Excellence Blade and tower supply already improved in Q compared to the previous year - close monitoring via task force approach to secure quality (EBIT-effect of 1% in 2013) Cost of materials N-ergize programme successfully completed follow up initiative CORE 15 (Cost Reduction of 15% until 2015) well on the way Products Delta Generation developed in time and on budget Launch of N100/3300 (IEC 1) and N117/3000 (IEC 2) at the EWEA 2013 in Vienna first order already booked production facility under preparation All initiatives being tracked by a Project Management Office 18
19 CONSISTENT STRATEGY IMPLEMENTATION IS KEY TO ACHIEVING OUR GUIDANCE external Internal strategy implementation volume 2013e ~24-39mn 14mn CN -61.1mn US EBIT 2012 One-offs Price Pressure Service + Products CORE 15 Operational Excellence New structure Economies of Scale EBIT 2-3% 19
20 CONCLUDING REMARKS 2013 = We will deliver! Mid-sized turbine producers can grow profitably in the wind industry Products = Success Nordex has found its place in the market Nordex new strategic direction is on track 20
21 ANY QUESTIONS? 21
22 APPENDIX: FINANCIAL CALENDAR 2013 Date Event 25 March 2013 Publication of the Annual Report for the 2012 financial year; Press conference in Frankfurt/Main and analyst call 15 May 2013 Interim report for the first quarter 2013; Analyst Call 15 May 2013 Deutsche Bank GSAC conference in Frankfurt May 2013 Road show (Frankfurt, Zürich, London) planned 04 June 2013 Annual General Meeting in Rostock 15 August 2013 Interim report for the first half 2013; Analyst Call Sept./Oct Capital Markets Day planned September 2013 UniCredit German Investment Conference 14 November 2013 Interim report for the third quarter 2013; Analyst Call 22
23 APPENDIX: SHAREHOLDER STRUCTURE OF NORDEX SE SKion/momentum capital 24.99% Free float 75.01% On the basis of mn shares, as of November
24 Disclaimer The targeted goals in this document reflect forward looking statements which are based solely on estimates and not on predictable risks. Should the estimates with regard to the successful integration of acquisitions and the future internal growth of the company not to be realized or if other unpredictable risks should arise, it cannot be ruled out that the actual financial results of the company will differ substantially from the targeted goals as laid out in this document. In this respect Nordex SE is unable to give a guarantee that the actual financial results of the company will not differ from any forecasts or guidance given. 24
25 Contact Ralf Peters Head of Corporate Communications Phone: +49 (0) Fax: +49 (0) Oliver Kayser Investor Relations Manager Phone: +49 (0) Fax: +49 (0) Nordex SE Langenhorner Chaussee 600, Hamburg, Germany 25
Nordex SE Conference Call Q1 2013. Frankfurt/Main May 15, 2013
Nordex SE Conference Call Q1 2013 Frankfurt/Main May 15, 2013 AGENDA 1. Highlights Dr. J. Zeschky 2. Market Update and business performance Dr. J. Zeschky 3. Financials B. Schäferbarthold 4. Summary and
More informationNordex SE Conference Call H1 2013. Hamburg August 15, 2013
Nordex SE Conference Call H1 2013 Hamburg August 15, 2013 AGENDA 1. Highlights Dr. J. Zeschky 2. Market update Dr. J. Zeschky 3. Business performance Dr. J. Zeschky 4. Financials B. Schäferbarthold 5.
More informationNordex SE Conference Call 9M 2012. Hamburg, 13/11/2012
Nordex SE Conference Call 9M 2012 Hamburg, 13/11/2012 AGENDA 1. Highlights 9M 2012 Dr. J. Zeschky 2. Financials 9M 2012 B. Schäferbarthold 3. Guidance 2012 and market outlook B. Schäferbarthold 4. Strategy
More informationNordex SE Conference Call Q3 2013. Frankfurt/M. November 14, 2013
Nordex SE Conference Call Q3 2013 Frankfurt/M. November 14, 2013 AGENDA Speaker: Dr. Jürgen Zeschky, CEO 1. Highlights 2. Market update 3. Business performance 4. Financials 5. Outlook and guidance 6.
More informationNordex SE Annual Results 2013
Nordex SE Annual Results 2013 Frankfurt 24 March 2014 AGENDA 1. Highlights 2013 Dr. Jürgen Zeschky 2. Market success and operating milestones Dr. Jürgen Zeschky 3. Business development and key figures
More informationNordex SE. Analyst Presentation Preliminary Figures FY 2011. Hamburg 28/02/2012
Nordex SE Analyst Presentation Preliminary Figures FY 2011 Hamburg 28/02/2012 Overview Order intake, sales and EBIT before one-off items in line with most recent forecast as of 14 Nov. Guidance 2011p Order
More informationNordex SE Fiscal 2011 and Outlook. Frankfurt, April 2nd, 2012
Nordex SE Fiscal 2011 and Outlook Frankfurt, April 2nd, 2012 AGENDA 1. Global Wind Market Development 2011 and Outlook B. Schäferbarthold 2. Order Intake B. Schäferbarthold 3. Financials 2011 B. Schäferbarthold
More informationNordex SE Conference Call FY 2014
Nordex SE Conference Call FY 2014 Frankfurt 23 March 2015 AGENDA 1. Highlights Dr. Jürgen Zeschky 2. Operational progress Dr. Jürgen Zeschky 3. Financials 2014 Bernard Schäferbarthold 4. Market development
More informationNordex SE Conference Call Q1 2015
Nordex SE Conference Call Q1 2015 Hamburg 13 May 2015 AGENDA 1. Highlights Dr. Jürgen Zeschky 2. Operational progress and order intake Dr. Jürgen Zeschky 3. Financials Q1 2015 Bernard Schäferbarthold 4.
More informationNordex SE Conference Call 9M 2015. Frankfurt 11 November 2015
Nordex SE Conference Call 9M 2015 Frankfurt 11 November 2015 AGENDA 1. Highlights Lars Bondo Krogsgaard 2. Operational progress and order intake Lars Bondo Krogsgaard 3. Financials 9M 2015 Bernard Schäferbarthold
More informationNordex SE Conference Call Q3 2014. Hamburg 13 November 2014
Nordex SE Conference Call Q3 2014 Hamburg 13 November 2014 AGENDA 1. Highlights 9m 2014 Dr. Jürgen Zeschky 2. Market snapshots Dr. Jürgen Zeschky 3. Operational progress Dr. Jürgen Zeschky 4. Financials
More informationNordex SE Conference Call 9M 2010. Hamburg, November 11, 2010
Nordex SE Conference Call 9M 2010 Hamburg, November 11, 2010 Overview 9M 2010 Order intake disappointing in Q3 and well below our own expectations Revised guidance for 2010 Sales of ~ EUR 1 billion, stable
More informationNordex SE Conference Call H1 2015. Hamburg 30 July 2015
Nordex SE Conference Call H1 2015 Hamburg 30 July 2015 AGENDA 1. Highlights Lars Bondo Krogsgaard 2. Operational progress and order intake Lars Bondo Krogsgaard 3. Financials H1 2015 Bernard Schäferbarthold
More informationNordex SE Investor Presentation. Hamburg July, 2015
Nordex SE Investor Presentation Hamburg July, 2015 AGENDA 1. Intro and corporate strategy 2. Markets and market success 3. Products and R&D 4. Financials 2014 & outlook 5. Appendix (shareholder structure)
More informationNordex SE Investor Presentation. Hamburg September, 2015
Nordex SE Investor Presentation Hamburg September, 2015 AGENDA 1. Intro and corporate strategy 2. Markets and market success 3. Products and R&D 4. Financials 2014 & outlook 5. Appendix (shareholder structure)
More informationNORDEX SE CAPITAL MARKETS DAY 2014
NORDEX SE CAPITAL MARKETS DAY 2014 Hamburg, September 24, 2014 AGENDA 1. Introduction 2. The story at a glance 3. Phase I (2012 2014) Restructuring and Turnaround 4. Phase II (2014 2017) Profitability
More informationJoining forces with. Hamburg, 5 October 2015
Joining forces with Hamburg, 5 October 2015 AGENDA Key facts of the acquisition Acciona S.A. / Acciona Windpower at a glance Key elements of the acquisition Strategic rationale Main areas of value creation
More informationThird quarter 2015. Vestas Wind Systems A/S. Copenhagen, 5 November 2015
Third quarter Vestas Wind Systems A/S Copenhagen, 5 November Disclaimer and cautionary statement This document contains forward-looking statements concerning Vestas financial condition, results of operations
More informationNordex SE Capital Markets Day 2012. Frankfurt, 13/09/2012
Nordex SE Capital Markets Day 2012 Frankfurt, 13/09/2012 BOARD LED BY NEW CEO, JÜRGEN ZESCHKY Jürgen Zeschky Previously Executive Vice President of Voith Turbo in Heidenheim, Germany between 2003-2012
More informationThird quarter results FY2015. August 17, 2015
Third quarter results FY2015 August 17, 2015 Disclaimer Stabilus S.A. (the Company, later Stabilus ) has prepared this presentation solely for your information. It should not be treated as giving investment
More informationDrägerwerk AG & Co. KGaA Analyst Conference 2015. Frankfurt, March 11, 2015
Drägerwerk AG & Co. KGaA Analyst Conference 2015 Frankfurt, March 11, 2015 Disclaimer This presentation does not constitute an offer of securities for sale or a solicitation of an offer to purchase any
More informationCONFERENCE CALL Q1-Q3 2010. 10 November 2010
CONFERENCE CALL Q1-Q3 2010 10 November 2010 Agenda Overview Q1-Q3 Q3 2010 Dr Helmut Leube, Chairman of the Management Board Key financials i Q1-Q3 Q3 2010 Dr Margarete Haase, CFO Outlook Dr Helmut Leube,
More informationCONFERENCE CALL RESULTS JANUARY JUNE 2015
WELCOME DÜRR AKTIENGESELLSCHAFT CONFERENCE CALL RESULTS JANUARY JUNE 2015 Ralf W. Dieter, CEO Ralph Heuwing, CFO Bietigheim-Bissingen, August 6, 2015 www.durr.com DISCLAIMER This presentation has been
More informationFocus on fleet customers SAF-HOLLAND 1st half-year results 2014
Focus on fleet customers SAF-HOLLAND 1st half-year results 214 Detlef Borghardt, CEO Wilfried Trepels, CFO August 7, 214 Executive Summary 1 Increase in group sales by 1.7% to 482.mn (previous year: 435.6)
More informationCONFERENCE CALL RESULTS JANUARY SEPTEMBER 2015
WELCOME DÜRR AKTIENGESELLSCHAFT CONFERENCE CALL RESULTS JANUARY SEPTEMBER 2015 Ralf W. Dieter, CEO Ralph Heuwing, CFO Bietigheim-Bissingen, November 3, 2015 www.durr.com DISCLAIMER This presentation has
More informationFocus on fleet customers SAF-HOLLAND Annual Financial Statements 2013
Focus on fleet customers SAF-HOLLAND Annual Financial Statements 213 Detlef Borghardt, CEO Wilfried Trepels, CFO March 13, 214 Agenda 1 Financials 3 2 Appendix 21 2 Executive Summary 1 2 3 Group sales
More informationCONFERENCE CALL PRELIMINARY FIGURES FISCAL YEAR 2013
WELCOME DÜRR AKTIENGESELLSCHAFT CONFERENCE CALL PRELIMINARY FIGURES FISCAL YEAR 2013 Ralf W. Dieter, CEO Ralph Heuwing, CFO Bietigheim-Bissingen, February 25, 2014 www.durr.com DISCLAIMER This presentation
More informationPreliminary results FY2015. November 27, 2015
Preliminary results FY2015 November 27, 2015 Disclaimer Stabilus S.A. (the Company, later Stabilus ) has prepared this presentation solely for your information. It should not be treated as giving investment
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 informationSignificant reduction in net loss
press release 12 May 2015 Royal Imtech publishes first quarter 2015 results Significant reduction in net loss Order intake in Q1 at a satisfactorily level of 912 million Revenue 3% down excluding Germany
More informationQ1 2014 Earnings Call. April 30 th, 2014
Q1 2014 Earnings Call April 30 th, 2014 Agenda Executive summary Financial data Outlook 2014 Appendix 2 Summary Q1 2014 (1) Revenue growth factors Positive start in FY 2014 with Q1 revenue increase of
More informationNordex SE. Capital Markets Day Introduction - Thomas Richterich
Nordex SE Capital Markets Day Introduction - Thomas Richterich Rostock, 13 October 2011 PROGRAMME NORDEX CAPITAL MARKETS DAY 08.00 08.30 Welcome & overview 08.30 09.30 09.30 09.45 Break 09.45 10.45 10.45
More informationCONFERENCE CALL RESULTS JANUARY MARCH 2015
WELCOME DÜRR AKTIENGESELLSCHAFT CONFERENCE CALL RESULTS JANUARY MARCH 2015 Ralf W. Dieter, CEO Ralph Heuwing, CFO Hanover, May 12, 2015 www.durr.com DISCLAIMER This presentation has been prepared independently
More informationCONFERENCE CALL PRELIMINARY FIGURES FISCAL YEAR 2014
WELCOME DÜRR AKTIENGESELLSCHAFT CONFERENCE CALL PRELIMINARY FIGURES FISCAL YEAR 2014 Ralf W. Dieter, CEO Ralph Heuwing, CFO Bietigheim-Bissingen, March 9, 2015 www.durr.com DISCLAIMER This presentation
More informationConference Call Q1-2015/2016
Conference Call Q1-2015/2016 DIRK KALIEBE August 12, 2015 Highlights Q1-2015/2016 Strategic reorientation is taking effect Good order situation, improved backlog Strong revenue growth due to solid order
More informationFinancial Results. siemens.com
s Financial Results Fourth Quarter and Fiscal 2015 siemens.com Key figures (in millions of, except where otherwise stated) Volume Q4 % Change Fiscal Year % Change FY 2015 FY 2014 Actual Comp. 1 2015 2014
More informationQ3 2013 Conference Call. Dr. Tobias Wagner 31 October 2013
Q3 2013 Conference Call Dr. Tobias Wagner 31 October 2013 Agenda Executive summary Financial data Brands and projects Outlook Appendix 1 Highlights in the first nine months 2013 New executive board Dr.
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 informationFull-year results 2014. December 02, 2014
Full-year results 2014 December 02, 2014 Disclaimer Stabilus S.A. (the Company, later Stabilus ) has prepared this presentation solely for your information. It should not be treated as giving investment
More informationWINCOR NIXDORF ANALYST CONFERENCE CALL April 23, 2015
WINCOR NIXDORF ANALYST CONFERENCE CALL April 23, 2015 Disclaimer This document has been prepared by Wincor Nixdorf AG solely for use in this presentation. The information contained in this document has
More information2013 Half Year Results
2013 Half Year Results Erwin Stoller, Executive Chairman Joris Gröflin, Chief Financial Officer Agenda 1. Introduction and summary of first half year 2013 2. Financial results first half year 2013 3. Outlook
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 informationConference Call Q3-2015/2016 GEROLD LINZBACH, CEO I DIRK KALIEBE, CFO. February 10, 2016 ON THE RIGHT TRACK
Conference Call Q3-2015/2016 GEROLD LINZBACH, CEO I DIRK KALIEBE, CFO February 10, 2016 ON THE RIGHT TRACK On the right track Heidelberg is on track - the improvement in results due to the strategic realignment
More informationNordex SE Capital Markets Day 2013. Frankfurt 17/09/2013
Nordex SE Capital Markets Day 2013 Frankfurt 17/09/2013 AGENDA 1. Overview and strategy update Dr. Jürgen Zeschky 2. Financials Bernard Schäferbarthold 3. Market Update Lars Bondo Krogsgaard 4. Germany
More informationKlöckner & Co SE. Q3 2014 Results
Klöckner & Co SE A Leading Multi Metal Distributor Gisbert Rühl CEO Marcus A. Ketter CFO Results Analysts and Investors Conference November 6, Disclaimer This presentation contains forward-looking statements
More informationFull Year Results 2012. Conference Call Presentation, 21 st March 2013
Full Year Results 2012 Conference Call Presentation, 21 st March 2013 0 Disclaimer This presentation may contain forward-looking statements based on current assumptionsandforecastsmadebybrenntag AG and
More informationSAF-HOLLAND Annual Financial Statements 2012. Detlef Borghardt, CEO Wilfried Trepels, CFO. March 14, 2013
SAF-HOLLAND Annual Financial Statements 212 Detlef Borghardt, CEO Wilfried Trepels, CFO March 14, 213 Executive Summary business volume successfully expanded in 212 1 Group sales increased yoy by 3.4%
More informationCONFERENCE CALL H1 2009. 12 August 2009
CONFERENCE CALL H1 2009 12 August 2009 Agenda Dr Margarete Haase, CFO Overview H1 2009 Key financials H1 2009 "MOVE" programme and outlook Appendix 2 Highlights of H1 2009 "MOVE" programme with very good
More informationHalf year results 2011
Half year results 2011 29 July 2011 Bert De Graeve, Chief Executive Officer Bruno Humblet, Chief Financial Officer Address by Bert De Graeve, Chief Executive Officer Introductory remark The consolidated
More informationCONFERENCE CALL RESULTS JANUARY MARCH 2014
WELCOME DÜRR AKTIENGESELLSCHAFT CONFERENCE CALL RESULTS JANUARY MARCH 2014 Ralf W. Dieter, CEO Ralph Heuwing, CFO Bietigheim-Bissingen, May 6, 2014 www.durr.com DISCLAIMER This presentation has been prepared
More informationPRESENTATION OF FOURTH QUARTER 2014. Oslo 12 February 2015 CEO Thomas Falck and CFO Roar Østbø
PRESENTATION OF FOURTH QUARTER 2014 Oslo 12 February 2015 CEO Thomas Falck and CFO Roar Østbø Q4 2014 / 2014 HIGHLIGHTS Q4 71 % increase in revenues NOK 258 million Continued strong growth for ATMS, revenues
More informationSpeech of the Board of Management. General Shareholders Meeting, 9 June 2015
Speech of the Board of Management General Shareholders Meeting, 9 June 2015 AGENDA Overview of the financial year Steven Holland, CEO Financial figures 2014 Georg Müller, CFO ConnectingChemistry Steven
More informationEarnings Release Q1 FY 2016 October 1 to December 31, 2015
Munich, Germany, January 25, 2016 Earnings Release FY 2016 October 1 to December 31, 2015 Strong start into the fiscal year earnings outlook raised»we delivered a strong quarter and are well underway in
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 informationDebt Investors Call First Quarter 2015. Walldorf, Germany Monday, May 4, 2015
Debt Investors Call First Quarter 2015 Walldorf, Germany Monday, May 4, 2015 Safe Harbor Statement Any statements contained in this document that are not historical facts are forward-looking statements
More informationService Tax Planning - Expected Revenue Growth in FY 2015
Munich, Germany, May 7, 2015 Earnings Release FY 2015 January 1 to March 31, 2015 Portfolio gains drive income»for business volume, we performed well in our markets. The profitability of our Industrial
More informationQ1/2014. Interim Report of the Nordex Group as of 31 March 2014
Q1/2014 Interim Report of the Nordex Group as of 31 March 2014 Contents 3 Key figures 4 Letter to the shareholders 5 The stock Group interim management report as of 31 March 2014 7 Economic conditions
More informationJan-December 2014 Results. Madrid, May 2015
Jan-December 2014 Results Madrid, May 2015 January- December 2014 Highlights Reported Net profit exc. PPA reaches 8.3 million, from the -3.2 million losses accounted in 2013. 2014 has been a year of transformation
More informationRETURN TO GROWTH AND ONGOING IMPROVEMENT IN PROFITABILITY
January-March 2014 Results Madrid, 8 May 2014 RETURN TO GROWTH AND ONGOING IMPROVEMENT IN PROFITABILITY After notably improving profitability in 2013, Gamesa Corporación Tecnológica 1 has commenced 2014
More informationAalberts Industries Net profit and earnings per share +15%
PRESS RELEASE 1 ST HALF YEAR 2015 Aalberts Industries Net profit and earnings per share +15% Langbroek, 13 August 2015 Highlights o Revenue EUR 1,244 million, increase +18% (organic +2%). o Operating profit
More information2013 Second Quarter Review July 26, 2013 1
213 Second Quarter Review July 26, 213 1 Panalpina Group Basel, July 26, 213 213 Second Quarter Review 213 Second Quarter Review July 26, 213 2 Highlights and key figures Operating and financial review
More informationVERBUND AG, www.verbund.com
VERBUND Results quarter 1/2015 Vienna, 06/05/2015 Results quarter 1/2015 Page 3 At a glance Influencing factors Water supply 3% above long-term average and 10%-points above Q1/2014 Reduction of average
More informationNemetschek Group Company Presentation. July 2014
Nemetschek Group Company Presentation July 2014 Agenda Nemetschek Group: In brief Strategy Internationalization Industry mega trends Innovations Financial data Q1 2014 Nemetschek share Why invest? 2 A
More informationConference call Fiscal year 2014»
Conference call Fiscal year» EnBW Energie Baden-Württemberg AG Karlsruhe, 17 March 2015 Frank Mastiaux, Chief Executive Officer Thomas Kusterer, Chief Financial Officer Ingo Peter Voigt, Senior Vice President,
More informationElements of a Pharmaceutical Spending in the United Kingdom
Half-yearly Financial Report January 1 June 30, engineering for a better world GEA Group: Key IFRS figures GEA Group: Key IFRS figures (EUR million) Q2 Q2 1 Q1-Q2 Q1-Q2 1 Results of operations Order intake
More informationSHARPENING STRATEGIC FOCUS
SHARPENING STRATEGIC FOCUS RESULTS FIRST HALF-YEAR 2014 August 1, 2014 Disclaimer This document contains certain statements and expectations that are forward looking, and which are based on information
More informationFull Year 2015 Results
Full Year 2015 Results 16 March 2016 Conference call on FY 2015 results Corporate Finance & Investor Relations AGENDA FY 2015 results presentation Highlights 2015 Financials 2015 Outlook 2016 Appendix
More informationQ1/2015. Interim Report of the Nordex Group as of 31 March 2015
Q1/2015 Interim Report of the Nordex Group as of 31 March 2015 Contents 3 Key figures 4 Letter to the shareholders 5 The stock Interim consolidated management report as of 31 March 2015 7 Economic conditions
More informationNordex SE. Nordex goes Offshore
Nordex SE Nordex goes Offshore Hannover, April 2011 Content 1. Offshore Wind Market 2. Nordex Offshore History & Future 3. Competition & Technical Development 4. The N150/6000 2 Strong growth prospects
More informationSignificant debt reduction paves way for operational recovery
press release 18 November 2014 Royal Imtech publishes third quarter 2014 results Significant debt reduction paves way for operational recovery Financial solution implemented providing stability going forward
More informationH1/2014 Results VTG AG Growing together. Dr. Heiko Fischer, CEO Dr. Kai Kleeberg, CFO August 21, 2014
H1/2014 Results VTG AG Growing together Dr. Heiko Fischer, CEO Dr. Kai Kleeberg, CFO August 21, 2014 Table of content 1 Discussion of H1/2014 2 Outlook FY 2014 3 Questions & Answers 4 Financial Calendar
More informationPeople & Print Conference Call Q1 Results 2015 12 May 2015
People & Print Conference Call Q1 Results 2015 12 May 2015 Claus Bolza-Schünemann, CEO Mathias Dähn, CFO Agenda Highlights Q1 2015 Business performance Q1 2015 Outlook and strategy KBA Conference Call
More informationResults Presentation Jan-Sep 2014. November 25 th, 2014
Results Presentation Jan-Sep 2014 November 25 th, 2014 Disclaimer This document has been prepared by Grupo Isolux Corsán, S.A.; therefore no part of it may be published, disclosed or distributed in any
More informationDisclaimer. This document has been prepared by Tele Columbus AG (the "Company") solely for informational purposes.
Disclaimer This document has been prepared by Tele Columbus AG (the "Company") solely for informational purposes. This presentation may contain forward-looking statements. These statements are based on
More informationFirst Half 2015 Results (January-June) Madrid, July 24 th 2015
First Half 2015 Results (January-June) Madrid, July 24 th 2015 Table of Contents 1. 1H 2015 Highlights 2. Backlog Execution 3. Update on Tulpar Transaction 4. Commercial Activity 5. Profit & Loss 6. Cash
More information2013 Third Quarter Review October 25, 2013 1
October 25, 213 1 Panalpina Group October 25, 213 213 Third Quarter Review October 25, 213 2 Highlights and key figures Operating and financial review Outlook Growth in profitability and margins in the
More informationPress Release. 2014 Q1 key figures Q1 14 Q1 13 Change
ABB reports four divisions on track, "Step change" program in Power Systems Orders stable on a like-for-like 1 basis, early-cycle trends remain positive Operational EBITDA 2 steady, excluding Power Systems
More informationQ1 2016 Results Conference Call
Q1 2016 Results Conference Call Karim Bohn, CFO 10 May 2016 PATRIZIA Immobilien AG PATRIZIA Bürohaus Fuggerstrasse 26 86150 Augsburg T +49 821 50910-000 F +49 821 50910-999 immobilien@patrizia.ag www.patrizia.ag
More informationEarnings Release Q3 FY 2015 April 1 to June 30, 2015
Munich, Germany, July 30, 2015 Earnings Release FY 2015 April 1 to June 30, 2015 Solid performance, softening market environment»overall our businesses delivered solid underlying profitability despite
More informationQ2 / H1 2015 results. Investor Presentation 30 July 2015
Q2 / H1 2015 results Investor Presentation 30 July 2015 Information Full year consolidated financial statements at 31 December are audited Half year financial statements are subject to limited review by
More informationHMS Group 3 months 2015 IFRS Results Conference call presentation. 16 June 2015
HMS Group 3 months 2015 IFRS Results Conference call presentation 16 June 2015 Financial results Business & Outlook Appendix Financial Highlights Financial highlights, Rub mn 3m 2015 3m 2014 chg, yoy Revenue
More informationConference Call Q2-2015/2016
Conference Call Q2-2015/2016 DIRK KALIEBE, CFO November 13, 2015 Update strategy implementation: Services Consumables Sheetfed Digital Heidelberger Druckmaschinen AG 2 Update strategy implementation 1/4
More informationApril 1, 2010. Rudi Ludwig, CEO Wilfried Trepels, CFO
Annual Financial i Statements t t 2009 April 1, 2010 Rudi Ludwig, CEO Wilfried Trepels, CFO 1 Agenda 1. Executive Summary 2. Background Market Performance 3. Business Performance 4. Financials 5. Next
More informationQ3/2015 Results Analyst and Investor Conference Call. 29 October 2015
Q3/2015 Results Analyst and Investor Conference Call 29 October 2015 Deutsche Börse Group 1 Highlights Q3/2015 Results Presentation Index derivatives and cash equities benefitted from higher volatility;
More informationQ1/2015 Results VTG AG Connecting worlds. Dr. Heiko Fischer, CEO Dr. Kai Kleeberg, CFO May 21, 2015
Q1/2015 Results VTG AG Connecting worlds Dr. Heiko Fischer, CEO Dr. Kai Kleeberg, CFO May 21, 2015 Table of content 1 Discussion of Q1/2015 2 Outlook FY 2015 3 Questions & Answers 4 Financial Calendar
More informationA Leading Global Health Care Group
A Leading Global Health Care Group Credit Suisse Global Health Care Conference, March 4, 2015 For detailed financial information please see our annual/quarterly reports and/or conference call materials
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 informationKlöckner & Co SE. Q3 2014 Results
Klöckner & Co SE A Leading Multi Metal Distributor Gisbert Rühl CEO Q3 2014 Results Press Telephone Conference November 6, 2014 Disclaimer This presentation contains forward-looking statements which reflect
More informationEarnings Release Q3 2014 April 1 to June 30, 2014. Good Q3 Results Challenges in Energy Sector. Fiscal Year Outlook Confirmed. Financial Highlights*:
Good Q3 Results Challenges in Energy Sector Fiscal Year Outlook Confirmed Joe Kaeser, President and Chief Executive Officer of Siemens AG Financial Highlights*: While we made good progress in most areas,
More informationFinancial Information
Financial Information Solid results with in all key financial metrics of 23.6 bn, up 0.4% like-for like Adjusted EBITA margin up 0.3 pt on organic basis Net profit up +4% to 1.9 bn Record Free Cash Flow
More informationQ 2/2014. Interim Report of the Nordex Group as of 30 June 2014
Q 2/2014 Interim Report of the Nordex Group as of 30 June 2014 Contents 3 Key figures 4 Letter to the shareholders 5 The stock Group interim management report as of 30 June 2014 7 Economic conditions 7
More informationWhy Credit Suisse? Private Banking & Wealth Management 3Q2014
Why Credit Suisse? Private Banking & Wealth Management 3Q2014 October 2014 Disclaimer Cautionary statement regarding forward-looking statements This presentation contains forward-looking statements that
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 informationTRADING UPDATE YTD Q3 2015 RESULTS ROYAL VOPAK 6 NOVEMBER 2015 ANALYST PRESENTATION
TRADING UPDATE YTD Q3 RESULTS ROYAL VOPAK 6 NOVEMBER ANALYST PRESENTATION FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements, based on currently available plans and forecasts.
More informationReport on the nine-month period ended July 31, 2004 WKN: 330 410 ISIN: DE0003304101
GERRY WEBER International AG Report on the first nine months of 2003/2004 Report on the nine-month period ended July 31, 2004 WKN: 330 410 ISIN: DE0003304101 The GERRY WEBER share: While the stock market
More informationConcentration on core business leads to one-off effects in first quarter results of SCHMOLZ + BICKENBACH
Media release Concentration on core business leads to one-off effects in first quarter results of SCHMOLZ + BICKENBACH Revenue increased by 2.3% despite lower sales volume Impairment losses and provisions
More informationSpeech of the Board of Management. General Shareholders Meeting, 17 June 2014
Speech of the Board of Management General Shareholders Meeting, 17 June 2014 AGENDA Overview of the financial year 2013 Steven Holland, CEO Financial figures 2013 Georg Müller, CFO 24/7 on time worldwide
More informationEarnings Release 9M2015
Earnings Release 9M2015 19 November 2015 Results overview Regional segments Final remarks PAGE 3 PAGE 12 PAGE 22 Europe Africa Latin America 2 Key highlights Consolidation of EGF in the 3Q15, according
More informationFINANCIAL INFORMATION CONSOLIDATED FINANCIAL STATEMENTS. Risk management
167 Risk management Group risk management Group Risk Management supports the Board of Directors, the Executive Committee and the management teams of the Group companies in their strategic decisions. Group
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 information