Ce diaporama a bien été signalé.
Nous utilisons votre profil LinkedIn et vos données d’activité pour vous proposer des publicités personnalisées et pertinentes. Vous pouvez changer vos préférences de publicités à tout moment.
Q1-16 Results
Jonas Samuelson, President and CEO
Anna Ohlsson-Leijon, CFO
(SEKm) Q1 2016 Q1 2015 Change %
Sales 28,114 29,087 -3.3
Organic growth 1.8%
Acquired growth 0.1%
Currency -5.2%
EBIT 1,26...
Market Highlights
• Electrolux completes launch of
consumer products inspired by our
professional expertise
– The Electrol...
Sales in Local Currencies
90,000
95,000
100,000
105,000
110,000
115,000
120,000
125,000
-6%
-4%
-2%
0%
2%
4%
6%
8%
2011 20...
Major Appliances EMEA
• Strong earnings development
– Strong organic growth of 7.1%
– Demand for appliances increased
in m...
European White Goods Market
Total Europe, quarterly comparison y-o-y
-20%
-15%
-10%
-5%
0%
5%
6
2007 2008 2009 2010 2011 2...
Major Appliances North America
• Earnings recovery continued
– Organic sales growth of 5.7%
– Volume growth in core catego...
North American White Goods Market
Quarterly comparison y-o-y
-20%
-15%
-10%
-5%
0%
5%
10%
15%
8
2007 2008 2009 2010 2011 2...
Major Appliances Latin America
• Weak markets, actions in place
– Challenging economic situation in the
region
– Demand fo...
Major Appliances Asia/Pacific
• Good performance in mixed markets
– Good sales growth in Australia,
New Zealand and East A...
Small Appliances
• Business refocusing on profitable
categories
– Organic growth declined in a relatively flat
market in t...
Professional Products
• Continued profitable growth
– Positive organic and acquired growth
– Volume growth in Western Euro...
Financials
Q1-16
Anna Ohlsson-Leijon, CFO
Financials
SEKm Q1 2016 Q1 2015 Change
Sales 28,114 29,087 -3%
Organic 1.8% -0.5% -
Gross profit 5,770 5,140 12%
Gross mar...
Q1 Sales and EBIT Bridge
SEKm Q1
Net Cost
Efficiency
Currency* Acq Other* Q1 2016
Net Sales 29,087 492 -1,486 20 28,114
Gr...
Cash Flow
SEKm 2016 Q1 2015 Q1
EBIT 1,268 516
D/A and other non-cash items 1,052 1,050
Change in operating
assets and liab...
Cash Flow, 2013-2016
Cash flow after investments by quarter
17 ELECTROLUX Q1 2016 PRESENTATION
0
1,000
2,000
3,000
4,000
5...
Outlook
and
Summary
Jonas Samuelson, President and CEO
Anna Ohlsson-Leijon, CFO
Market outlook per region
Region Q2 2016 FY 2016 Comments
Western Europe Positive +2-3%
Positive demand growth in most
Wes...
Business outlook
Electrolux Q2 2016 FY 2016 Comments
Volume/Price/Mix
Slightly
positive
Slightly
positive
EMEA: positive m...
21
Summary Q1
• Good start to the year with strong performance
in most business areas
• Higher volumes and mix improvements
•...
Factors affecting forward-looking
statements
Factors affecting forward-looking statements
This presentation contains “forw...
Prochain SlideShare
Chargement dans…5
×

Electrolux Interim Report Q1 2016 - Presentation

Highlights of the first quarter of 2016
Net sales amounted to SEK 28,114m (29,087).
Organic sales growth was 1.8% and acquired growth was 0.1%, while currency translation had a negative impact of -5.2% on net sales.
Improved results across most business areas.
Strong results for Major Appliances EMEA and Professional Products.
Continued recovery for Major Appliances North America.
Operating income increased to SEK 1,268m (516), corresponding to a margin of 4.5% (1.8).
Income for the period was SEK 875m (339), and earnings per share was SEK 3.04 (1.18).

Livres associés

Gratuit avec un essai de 30 jours de Scribd

Tout voir
  • Soyez le premier à commenter

  • Soyez le premier à aimer ceci

Electrolux Interim Report Q1 2016 - Presentation

  1. 1. Q1-16 Results Jonas Samuelson, President and CEO Anna Ohlsson-Leijon, CFO
  2. 2. (SEKm) Q1 2016 Q1 2015 Change % Sales 28,114 29,087 -3.3 Organic growth 1.8% Acquired growth 0.1% Currency -5.2% EBIT 1,268 516 146% Margin % 4.5 1.8 EPS 3.04 1.18 158% Q1 Highlights • Good start of the year – Continued revenue growth in Europe – Good progress in North America – Latin America declined due to weak markets • Strong earnings improvement – Improved EBIT across most business areas – Price/mix contributed positively – Savings and efficiency gains – Negative impact from currency • Stable cash flow 2 Group EBIT %, 12m rolling 0 1 2 3 4 5 6 Q114 Q214 Q314 Q414 Q115 Q215 Q315 Q415 Q116 ELECTROLUX Q1 2016 PRESENTATION
  3. 3. Market Highlights • Electrolux completes launch of consumer products inspired by our professional expertise – The Electrolux Blast Chiller was presented at the Eurocucina fair in Milan in April – Allows consumers to use professional cooking techniques to make great tasting food at home • Connected oven with a camera and other innovative products – The new CombiSteam Pro Smart Oven and the first dishwasher with a lower basket that reaches up to meet you were also profiled at the Eurocucina fair in Milan • “For the Better” initiative presented – Sustainability becomes an even more integrated part of doing business at Electrolux – Electrolux ”For the Better” agenda in place for 2020 3 ELECTROLUX Q1 2016 PRESENTATION
  4. 4. Sales in Local Currencies 90,000 95,000 100,000 105,000 110,000 115,000 120,000 125,000 -6% -4% -2% 0% 2% 4% 6% 8% 2011 2012 2013 2014 2015 2016 Sales SEKmGrowth % Organic growth % Acquired growth % Sales in local currencies, 12M rolling 4 ELECTROLUX Q1 2016 PRESENTATION
  5. 5. Major Appliances EMEA • Strong earnings development – Strong organic growth of 7.1% – Demand for appliances increased in most Western European markets – Eastern Europe stabilized – Positive product mix driven by premium brands in built-in kitchen and laundry – Recovery in free-standing categories – EBIT margin above 6% both in quarter and last 12 months, driven by higher volumes, improved mix, product cost and efficiency gains 5 (SEKm) Q1 2016 Q1 2015 Change % Sales 9,001 8,608 4.6 Organic growth 7.1% Currency -2.5% EBIT 553 371 49.1 Margin % 6.1 4.3 1.8 0 2 4 6 8 Q114 Q214 Q314 Q414 Q115 Q215 Q315 Q415 Q116 EBIT %, 12m rolling ELECTROLUX Q1 2016 PRESENTATION
  6. 6. European White Goods Market Total Europe, quarterly comparison y-o-y -20% -15% -10% -5% 0% 5% 6 2007 2008 2009 2010 2011 2012 2013 W. Eur. +1 +1 -1 -5 -4 -4 -5 -8 -9 -9 -4 -2 +1 0 0 0 -2 -2 -3 -3 -2 -4 -2 -2 -3 0 -1 -1 +2 +1 +1 +3 +4 +4 +5 +3 +3% E. Eur. +14 +5 +5 +10 +6 +5 +4 -15 -31 -30 -26 -17 -7 +1 +5 +13 +13 +12 +7 +9 +5 +3 +2 +2 +3 +2 +1 -2 +4 +1 -4 +1 -10 -23 -15 -24 0 2014 2015 ELECTROLUX Q1 2016 PRESENTATION 2016
  7. 7. Major Appliances North America • Earnings recovery continued – Organic sales growth of 5.7% – Volume growth in core categories – Increased sales of air-conditioners – Cooking plant in Memphis stabilized, further efficiency measures in progress – Earnings recovery driven by higher sales volumes, better mix, product cost and efficiency gains 7 (SEKm) Q1 2016 Q1 2015 Change % Sales 9,937 9,313 6.7 Organic growth 5.7% Currency 1.0% EBIT 495 -57 n.m. Margin % 5.0 -0.6 5.6 0 2 4 6 8 10 Q114 Q214 Q314 Q414 Q115 Q215 Q315 Q415 Q116 EBIT %, 12m rolling ELECTROLUX Q1 2016 PRESENTATION
  8. 8. North American White Goods Market Quarterly comparison y-o-y -20% -15% -10% -5% 0% 5% 10% 15% 8 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 ELECTROLUX Q1 2016 PRESENTATION
  9. 9. Major Appliances Latin America • Weak markets, actions in place – Challenging economic situation in the region – Demand for appliances deteriorated in Brazil and Argentina while Chile was flat – Cost actions on track to mitigate the significant fall in volumes – Challenging earnings situation in Brazil partly offset by good performance in other markets in Latin America – Implemented price increases partly compensated for currency headwinds 9 (SEKm) Q1 2016 Q1 2015 Change % Sales 3,643 5,261 -30.8 Organic growth -11.3% Currency -19.5% EBIT 31 177 -82.5 Margin % 0.9 3.4 -2.5 0 2 4 6 8 10 Q114 Q214 Q314 Q414 Q115 Q215 Q315 Q415 Q116 EBIT %, 12m rolling ELECTROLUX Q1 2016 PRESENTATION
  10. 10. Major Appliances Asia/Pacific • Good performance in mixed markets – Good sales growth in Australia, New Zealand and East Asia – China sales down due to exit from unprofitable segments and channels – EBIT and margins increased due to positive price/mix and cost efficiency – Relocation of refrigeration production from Orange, Australia to the factory in Rayong, Thailand is now completed 10 (SEKm) Q1 2016 Q1 2015 Change % Sales 2,022 2,241 -9.8 Organic growth -5.4% Acquired growth 0.0% Currency -4.4% EBIT 95 52 82.7 Margin 4.7 2.3 2.4 0 2 4 6 Q114 Q214 Q314 Q414 Q115 Q215 Q315 Q415 Q116 EBIT %, 12m rolling ELECTROLUX Q1 2016 PRESENTATION
  11. 11. Small Appliances • Business refocusing on profitable categories – Organic growth declined in a relatively flat market in the quarter – Weak demand in Brazil and lower volumes in North America impacted sales growth – Positive price and mix development offset currency headwinds – Cost reduction program in progress and focus on active product portfolio management – EBIT higher versus last year due to positive regional sales mix and cost savings 11 (SEKm) Q1 2016 Q1 2015 Change % Sales 1,927 2,139 -9.9 Organic growth -6.1% Currency -3.8% EBIT 44 -8 n.m. Margin % 2.3 -0.4 2.7 -2 0 2 4 6 Q114 Q214 Q314 Q414 Q115 Q215 Q315 Q415 Q116 EBIT %, 12m rolling ELECTROLUX Q1 2016 PRESENTATION
  12. 12. Professional Products • Continued profitable growth – Positive organic and acquired growth – Volume growth in Western Europe, North America and Japan – Good performance in both Laundry and Food services – Improved EBIT margin driven by higher sales volumes and operational efficiency 12 (SEKm) Q1 2016 Q1 2015 Change % Sales 1,584 1,525 3.9 Organic growth 4.3% Acquired growth 1.4% Currency -1.8% EBIT 205 170 20.6 Margin % 12.9 11.1 1.8 0 2 4 6 8 10 12 14 16 Q114 Q214 Q314 Q414 Q115 Q215 Q315 Q415 Q116 EBIT %, 12m rolling ELECTROLUX Q1 2016 PRESENTATION
  13. 13. Financials Q1-16 Anna Ohlsson-Leijon, CFO
  14. 14. Financials SEKm Q1 2016 Q1 2015 Change Sales 28,114 29,087 -3% Organic 1.8% -0.5% - Gross profit 5,770 5,140 12% Gross margin, % 20.5 17.6 - EBIT 1,268 516 146% EBIT margin, % 4.5 1.8 - Op. cash flow after investments -580 -591 2% EPS 3.04 1.18 158% 14 ELECTROLUX Q1 2016 PRESENTATION
  15. 15. Q1 Sales and EBIT Bridge SEKm Q1 Net Cost Efficiency Currency* Acq Other* Q1 2016 Net Sales 29,087 492 -1,486 20 28,114 Growth 1.8% -5.4% 0.1% -3.3% EBIT 516 754 655 -720 -1 63 1,268 EBIT % 1.8% 153.1% -3.6% 4.5% Accretion 2.5% 2.2% -2.2% 0.0% 0.2% 15 ELECTROLUX Q1 2016 PRESENTATION * Currency includes SEK -62m of currency translation effect on EBIT. * Other includes GE transaction costs + integration costs in Q1 2015
  16. 16. Cash Flow SEKm 2016 Q1 2015 Q1 EBIT 1,268 516 D/A and other non-cash items 1,052 1,050 Change in operating assets and liabilities -2,371 -1,362 Investments (excl. acquisitions) -529 -795 Cash flow after investments -580 -591 16 ELECTROLUX Q1 2016 PRESENTATION
  17. 17. Cash Flow, 2013-2016 Cash flow after investments by quarter 17 ELECTROLUX Q1 2016 PRESENTATION 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 -4,000 -3,000 -2,000 -1,000 0 1,000 2,000 3,000 4,000 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2013 2014 2015 2016 Cashflowafterinvestments Rolling12m
  18. 18. Outlook and Summary Jonas Samuelson, President and CEO Anna Ohlsson-Leijon, CFO
  19. 19. Market outlook per region Region Q2 2016 FY 2016 Comments Western Europe Positive +2-3% Positive demand growth in most Western European countries Eastern Europe Slightly Positive +2% Growth in most markets Russia appears to be stabilizing North America Positive +4-5% Continued favorable market Latin America Negative Negative Weak demand in Brazil and Argentina. Chile flat. More favorable comps in H2 East Asia Stable Stable East Asia mixed pattern Australia Flat Flat Market is estimated to be flat/slightly negative 19 ELECTROLUX Q1 2016 PRESENTATION
  20. 20. Business outlook Electrolux Q2 2016 FY 2016 Comments Volume/Price/Mix Slightly positive Slightly positive EMEA: positive mix, negative price NA: signs of price pressure Latam: positive price, negative volume Asia/Pacific: positive price/mix Net cost efficiency incl. raw materials Positive Positive Continued efficiency gains through operational excellence Raw materials FY: SEK 700m Currency SEK ~425m SEK ~1.3bn Slightly less negative impact in Latin America due to a weakened USD Capex Stable Stable FY: ≤ SEK 4bn 20 ELECTROLUX Q1 2016 PRESENTATION
  21. 21. 21
  22. 22. Summary Q1 • Good start to the year with strong performance in most business areas • Higher volumes and mix improvements • Strong earnings improvement in EMEA • Operational recovery in North America • Earnings in Latin America affected by the weak market situation in Brazil and currency • Actions being taken in Small Appliances • Continued efficiency and savings performance 22 ELECTROLUX Q1 2016 PRESENTATION
  23. 23. Factors affecting forward-looking statements Factors affecting forward-looking statements This presentation contains “forward-looking” statements within the meaning of the US Private Securities Litigation Reform Act of 1995. Such statements include, among others, the financial goals and targets of Electrolux for future periods and future business and financial plans. These statements are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially due to a variety of factors. These factors include, but may not be limited to the following: consumer demand and market conditions in the geographical areas and industries in which Electrolux operates, effects of currency fluctuations, competitive pressures to reduce prices, significant loss of business from major retailers, the success in developing new products and marketing initiatives, developments in product liability litigation, progress in achieving operational and capital efficiency goals, the success in identifying growth opportunities and acquisition candidates and the integration of these opportunities with existing businesses, progress in achieving structural and supply-chain reorganization goals. 23 ELECTROLUX Q1 2016 PRESENTATION

×