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Constitutional Board meeting HL Display AB _publ_

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Constitutional Board meeting HL Display AB _publ_ Powered By Docstoc
					    Annual General Meeting 2008

    Stockholm, April 2




03/04/2008                        Page 1
             2007, a very good year !




03/04/2008                              Page 2
     2007 in brief
                     •   Turnover: 1,571 MSEK (1,448)
                     •   Operating profit: 161 MSEK (107)
                     •   Profit before tax: 155 MSEK (92)
                     •   Earnings/share: 13.95 SEK (7.87)
                     •   EBITA-margin: 10.3% (7.4)
                     •   Number of employees: 968 (952)

                     • Acquisitions of Display Team and
                       Sooni Oy

                     • Growth drivers Eastern Europe
                       (+30%), Asia (+25%) and Nordic
                       Baltic (+18%)

                     • New long term financial goals
                         – Organic growth 5-10 %
                         – EBITA-margin of at least 12 %
03/04/2008                                             Page 3
     Sales development, MSEK
                                                                 1 571
      1 600
                                                         1 448
      1 400                                      1 285
                                         1 249
      1 200              1 154   1 129
                 1 071
      1 000

        800
        600
        400
        200

             0
                 2001    2002    2003    2004    2005    2006    2007

03/04/2008                                                               Page 4
     Profit before tax, MSEK

       170                                               155
       150
       130
       110
                                    93            92
         90    82

         70           65                   62

         50
         30
         10
                             -9
        -10
              2001   2002   2003   2004   2005   2006   2007

03/04/2008                                                     Page 5
     Number of employees
                             975
        980                         967                  968
                                                  949
        960
                                           933
        940           925
        920
        900
        880
               855
        860
        840
        820
        800
        780
              2001   2002   2003   2004   2005   2006   2007


03/04/2008                                                     Page 6
         Key figures, quarter

                     Q1 06    Q2 06    Q3 06    Q4 06    Q1 07    Q2 07    Q3 07    Q4 07

Net Sales, MSEK        342      360      352      394       391      389      378      413

Operating profit,      22.1     24.9     35.0     24.6     37.2     39.4     35.2     48.8
MSEK
Profit before tax,     19.7     19.2     32.0     21.4     37.6     35.9     33.1     48.1
MSEK
Profit margin, %        5.8      5.3      9.1      5.4      9.6      9.2      8.8     11.6

Earning per share,     1.73     1.62     2.76     1.75     3.33     3.22     2.94     4.45
SEK
Equity/assets, %       43.8     45.9     46.4     44.2     43.9     49.2     50.9     53.3

Number of              906       931     938       947     956      956      966      989
employees

 03/04/2008                                                                             Page 7
     Profit margin, %
     Profit before taxes

     14,0

     12,0                                                  11,6

     10,0                                9,6   9,2
                             9,1                     8,8
       8,0

       6,0      5,8    5,3         5,4
       4,0

       2,0

       0,0
             Q1 06 Q2 06 Q3 06 Q4 06 Q1 07 Q2 07 Q3 07 Q4 07

03/04/2008                                                        Page 8
     Turnover per region
                                 North
                     Asia &     America
                    Australia     1%
                      8%
                                          Nordic
                                           23%




        Eastern E
          22%




                                          Western E
                                            46%



03/04/2008                                            Page 9
     Turnover per customer
     segment
                               Others
                                8%
                     Distrib
                      7%



                                         Retail Food
         Shop fitters                       40%
            9%




             Retail Non
               Food
               17%



                                Brands
                                 19%
03/04/2008                                             Page 10
       Seasonal effects
 160

                         2007

 140
                           2006
                                                              2005

 120




 100


                                                  2004
  80
        J    F   M   A     M      J   J   A   S   O   N   D

03/04/2008                                                     Page 11
     December 2007
             1600
             1500                                                                      14
             1400
             1300                                                                      12
             1200
             1100                                                                      10
             1000
              900
      MSEK




                                                                                            SEK
                                                                                       8
              800
              700
                                                                                       6
              600
              500
              400                                                                      4
              300
              200                                                                      2
              100
                0                                                                      0
                    0612 0701 0702 0703 0704 0705 0706 0707 0708 0709 0710 0711 0712


                              Net sales, moving 12 months

03/04/2008                    Earnings/share (after tax), moving 12 months                        Page 12
The share price development




03/04/2008                    Page 13
     The keys to the success
     • Production
     • Sales companies
     • Logistics
     • Acquisitions




03/04/2008                     Page 14
     Production
     • Reduction of our costs
     • Increased raw material prices
       compensated
     • Recycling policy
     • Successful factory in China




03/04/2008                             Page 15
     Sales companies
     • Almost all subsidiaries positive or
       close to break even
     • Improvement of Operating profit
     • Good control of Opex
     • New subsidiary in India
     • New subsidiary in Finland



03/04/2008                                   Page 16
     Logistics
     • New hub in France (Tours)
     • New warehouse in Russia
     • New hub for Nordic (Falkenberg)




03/04/2008                               Page 17
     2 successful acquisitions
     • Display Team




     • Sooni Oy
     • ex distributor in Finland

03/04/2008                         Page 18
             2008 - Focus and actions




03/04/2008                              Page 19
     Financial targets
     • Develop sales 5 – 10%
     • EBITA long term goal 12%
     • Reduce company Opex




03/04/2008                        Page 20
     Main actions
     • Production: specialize Swedish
       factories and develop Chinese unit
       and subcontracting
     • Logistics: fine tune our new Hub and
       develop model in Eastern countries
     • Sales companies: develop penetration
       and market share
     • Marketing: innovation program

03/04/2008                                    Page 21
     Acquisitions
     • Working on a list of potential targets
     • Long process…..

     • …… but promising




03/04/2008                                      Page 22
     Euroshop - Innovations




03/04/2008                    Page 23
     Innovations launched at
     Euroshop

     • Roller track




03/04/2008                     Page 24
     Innovations launched at
     Euroshop

     • Side Kick




03/04/2008                     Page 25
     Innovations launched at
     Euroshop

     • Hero Shelf




03/04/2008                     Page 26
     Innovations launched at
     Euroshop

     • Light system




03/04/2008                     Page 27
  Questions?




03/04/2008     Page 28

				
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