harju elekter group presentation of h1 2011 presentation …€¦ · presentation of h1 2011 harju...
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Harju Elekter Grouppresentation of H1 2011
Harju Elekter Grouppresentation 1-9/2011Harju Elekter Group
presentation 2011
Cooperation with us - a guaranteed advantage
•Properties in Keila 13.5 ha and Haapsalu 1.5 ha. •Production and office area in 64 000 m2
•Harju Elekter, HE Elektrotehnika, HE Teletehnika, Draka Keila Cables, PKC Eesti, Saajos
•Keila Industrial Park: 2500 employees in electro-technical business, total net sales 380 million euros
Highlights of Harju Elekter1968 Started producing of electrical equipment and m aterials
1983 Started operation under the name of Harju Elekt er
1988 Started co-operation with foreign companies
1993 Reorganized into a joint stock company
1997 The shares are noted in Tallinn Stock Exchange
Subsidiaries and associated companies1992 AS ABB Harju Elekter (HE 49%). Sold to ABB in 19 95
1992 AS Draka Keila Cables (HE 41.2%). Today HE 34%
1992 AS Glamox Harju Elekter (HE 49%). Sold to Glam ox in 2000
1994 PKC Group Oyj (strategical shareholder, HE hol ding from 14% to 7% today )
1998 AS Eltek (HE 100%). Since 2011 AS Harju Elekt er Teletehnika
1998 AS Saajos Inexa (HE 33.3%). Sold to Saajos Int. in 2007
2002 AS AJT Harju Elekter (100%). Sold to PKC Group in 2002
2002 Satmatic Oy (HE 100%)
2003 UAB Rifas (HE 51%)
2005 AS Harju Elekter Elektrotehnika (100%)
2006 SIA Energokomplekss (14%)
2010 Harju Elekter AB (90%)
AS Harju Elekter
Subsidiaries
AS Harju Elekter Elektrotehnika
AS Harju Elekter Teletehnika
Satmatic Oy
Rifas UAB
Harju Elekter AB
Associated company
AS Draka Keila Cables
Strategical investments
SIA Energokomplekss
PKC Group Oyj
Subsidiaries and Associated Companies
100%
100%
100%
51%
90%
7%
14%34%
AS Harju Elekter
Mission statementTo be one of the leading manufacturers of electrica l equipment and material inthe Baltic See area who takes care of the clients’ needs with competenceand quality, offering more value and reliability to both partner.
GoalsTo be long time successful, to increase the company’ s capital and generaterevenue for the owners as well as the partners and to provide work, incomesand challenges to the employees.
CompetencesDevelop. design and manufacture of electrical equip ment for - distribution and transmission of electrical energy - industrial automation - serial production and subcontracting
Products for telecommunication sector
Sheet metal products and works
Trading and hole-sale activities
Real estate – holding and maintains
Holding of subsidiaries and related companies
Co-operation partners and clientsEnsto Eesti Energia (Estonian Enegy)Elering ELWOSiemens ElektritsentrumNK Draka EmpowerSaajos International ElionPKC Group EETEL, TTKL, KodaMaillefer Nextrom HaloilaCimcorpOutokumpuMetsoElektroskandiaSLODAHLSchneider ElectricAtlantic GroupMetka
Group’s revenue and sales outside Estonia in million euros
46.7
40.9
55.7
46.8
21.917.3
12.513.1
29.032.9
39.8 40.4
28.726.9
35.0
27.6
6.7 5.17.7
10.314.7 16.8
23.5 25.5
0
10
20
30
40
50
60
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
sales revenue sales outside Estonia
Sales revenue by market2011
Sales revenue by segmentin million euros, 2011
Sales revenue by company2011
Sales revenue by product group2011
2.8
5.4
3.02.7
3.6
2.9
1.3
1.9
2.7
1.2
2.2
3.1
2.62.3
1.9
2.8
0.9
3.4
2.42.8
0
1
2
3
4
5
6
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
net profit investments operating profit
Net profit, operating profit and investmentsin million euros
Key figuresin thousand euros
2011 2010 2009 changes y/y
Sales revenue 46,674 40,885 40,438 14.2%
Sales outside Estonia 28,677 26,866 25,565 6.7%
Operating profit 2,025 1,519 1,809 33.3%
Net profit(equity holders of the Parent)
2,773 2,173 1,227 27.6%
Investments 3,112 2,760 1,873
Employees (average No) 427 424 452
Average number of employees in the Groupthe number of employees 31.12.2011 - 457
412 439 442 452 424 427
673687
351302
378
501
0
100
200
300
400
500
600
700
800
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Shareholders structure1455 - no of shareholders in Dec 31, 2011
Holding No of shareholders % of all shareholders % of votes holdmore than 10% 2 0.14% 43.45%1.0 – 10.0% 8 0.55% 29.11%0.1 – 1.0 % 48 3.29% 14.08%less than 0.1% 1,397 96.02% 13.36%Total 1,455 100.0% 100.0%
Shareholders by country >5% shareholders
Dividends2000-2010
Share price in Tallinn Stock Exchange2009 – 3/2012
EUR 2009 2010 2011 2012
Share information EUR 2011 2010 2009 2008 2007
Earnings per share (EPS) 0.17 0.13 0.07 0.15 0.32
Owners’ equity per share 2.40 2.62 1.67 1.60 2.03
Dividend per share 0.07* 0.06 0.05 0.06 0.13
P/E 15.2 23.4 25.6 6.8 10.6
Company market value(millions)
38.3 50.7 34.8 16.6 57.2
Closing price 2.28 3.02 2.05 0.99 3.40
Total shareholdsers(at the end of year)
1455 1370 1184 1033 974
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