first half 2013 results
TRANSCRIPT
FIRST HALF 2013 results
H12013 KEY FIGURES
EUR million H12013 Change (yoy)
Sales 245.8 +4.6%
Operating Income 36.9 +12.2%
1
Net Income 26.8 +12.7%
Net Debt 159.1 -21.1%
EPS (EUR/share) 1.12 +13.9%
SALES
FIRST HALF ACCUMULATED SINCE 2009
EUR million
197.6209.5
219.4
235.0245.8
200
250
2
0
50
100
150
H12009 H12010 H12011 H12012 H12013
SALES
QUARTERLY FIGURES SINCE 2011
EUR million
96.9
122.5112.2
101.7106.5
128.5117.7
104.2
114.6
131.1
120
140
2011 2012 2013
yoy+7.7%
yoy+2.1%
3
96.9101.7
0
20
40
60
80
100
FIRST QUARTER SECOND QUARTER THIRD QUARTER FOURTH QUARTER
OPERATING PROFIT (EBIT)
FIRST HALF ACCUMULATED SINCE 2009
EUR million
31.734.0
29.6
32.9
36.9
25
30
35
40
4
0
5
10
15
20
25
H12009 H12010 H12011 H12012 H12013
OPERATING PROFIT (EBIT)
QUARTERLY FIGURES SINCE 2011
EUR million
17.416.7
14.714.8
18.117.2
15.2
16.6
20.320,0
2011 2012 2013
yoy+12.6%
yoy+11.9%
5
12.1
14.714.8 15.2
0,0
5,0
10,0
15,0
FIRST QUARTER SECOND QUARTER THIRD QUARTER FOURTH QUARTER
OPERATING MARGIN (EBIT/SALES)
QUARTERLY FIGURES SINCE 2011
% of sales
14.2%14.9% 14,5%
13.9% 14.1%14.6% 14,6%14.5%
15.5%
14,0%
16,0%
2011 2012 2013
yoy+64bp
yoy+136bp
6
12.5%
14.2%13.9% 14.1%
0,0%
2,0%
4,0%
6,0%
8,0%
10,0%
12,0%
14,0%
FIRST QUARTER SECOND QUARTER THIRD QUARTER FOURTH QUARTER
36.939.3
EBIT EBITDA after Capex
EBIT and EBITDA after Capex
FIRST HALF 2013
EUR million and % of sales
(% of sales)
7
15.0% 16.0%
NET DEBT
SINCE 2010
EUR million
251.8
223.8
201.6200
250
8
NET DEBT/LTM EBITDA 2.8x 2.3x 2.0x 1.4x
GEARING 92% 73% 61% 44%
159.2
100
150
200
JUNE 2010 JUNE 2011 JUNE 2012 JUNE 2013
EPS (EUR/SHARE) ROCE*
9.9%
10.5%
10,0%
11,0%
* EBIT after taxes last twelve months / capital employed as at june 30
0.98
1.12
1,00
EPS & ROCE
9
6,0%
7,0%
8,0%
9,0%
JUNE 2012
LTM
JUNE 2013
LTM
0,00
0,20
0,40
0,60
0,80
H12012 H12013