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Annual General Meeting 2011. CEO Fredrik Jönsson. Börshuset, Malmö ― April 27, 2011. New Faces in the Beijer Electronics Group Management. Christian Benz. Business Area Director HMI Products since November 2010 Responsible for R&D, manufacturing and global sales of HMI-products
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Annual General Meeting 2011 CEO Fredrik Jönsson Börshuset, Malmö ― April 27, 2011
Christian Benz • Business Area Director HMI Products since November 2010 • Responsible for R&D, manufacturing and global sales of HMI-products • Former Managing Director for HMI Products in Germany and responsible for EMEA Sales
Roger Kroon • New Business Area Director Automation since April 2011 • Responsible for sales in the Nordic and Baltic states • Former head of Automation’s operations in Sweden and Denmark
Tim Webster • New HR Director, enters new position May 2011 • Global responsibility for human resources and skills development • Comes most recently from Cardo Entrance Solutions AB
Beijer Electronics A fast-growing technology company 30 years of experience in the market Strong focus on product development Global operations in 16 countries Large market opportunities Strategy for growth
Today’s Agenda • 2010 ― An eventful year • First quarter results • Strategic outlook
Strong growth – top line and EBIT Solid R&D investments Resulted in key product launches Sales efficiency and focus Secured several large OEMs Continued global expansion Westermo office in the USA and China HMI Products into UK and France Hired 20 new sales people Two strategic acquisitions QSI in the USA & Korenix in Taiwan Complementary products Increased sales and distributor channels 2010 ― An eventful year Investments in a solid platform for continued growth
iX 1.20 Panels and SW EPC TA Industrial PCs FALCON VDSL router RedFox & Lynx+ industrial switches i-Line industrial switches Successfully launched several key products JANUARY – DECEMBER 2010
2007 2008 2009 2010 Beijer Electronics Group 2010Strong sales growth and record high EBIT Net Sales, MSEK and EBIT % * Including non-recurring costs of 1,7 MSEK. JANUARY – DECEMBER 2010
Interim Report ● 1 2011 Continued good growth and strong increase in earnings with acquisitions delivering according to plan JANUARY – MARCH 2011
Beijer Electronics GroupGood growth in order intake • Order intake on new record levels • Good organic growth for HMI Products and Automation while Westermo had a slow start to the year • Acquisitions performing according to plan • Risk for component shortage • Fastest growth in Asia and North America Group Order Intake Rolling four quarters MSEK
Beijer Electronics GroupSubstantial increase in earnings • Best Quarter ever and good organic growth • Substantial improvements for Automation • Strongest growth in Asia, Germany and North America, weak market development in Norway, UK and France • EPS 4.40 SEK (2.51) Group Net Sales and EBIT-margin EBIT % MSEK
Building a Global Business Sales Split per Geography Q1 2011 (Q1 2010) Nordic & Baltic 42% (48%) North America 14% (6%) Asia 17% (14%) Europe 25% (30%) Rest of World 2% (2%)
Business Area HMI ProductsStrong sales growth and increased profits • Best quarter ever • Strongest growth in Asia and North America • Acquisition running better than plan • New series of HMI-panels launched in Q1 Sales HMI Products Rolling four quarters MSEK 2007 2008 2009 2010 2011
QSI - Good profitable growth in Q1 • Part of the group Nov 2010 • Founded in 1983Salt Lake City, Utah, USA • Sales of 121 MSEK, 2010 • Sales increased 70% in Q1 vs Q1 last year • HMI Products now has a significant presence in the US
Slow start for Westermo (UK & France), quarter ended strongly, high comparables for Q1 in 2010 Acquisition of Korenix performing according to plan Continued expansion into the US and China More and more a project business and a major order secured after end of period Business Area IDC Good growth and continued expansion Sales IDC Rolling four quarters MSEK 2008 2009 2010 2011
Korenix – An important player • Part of the group since year-end • Complementary products and technology • Founded in 2004Taipei, Taiwan • Sales of 57 MSEK 2010 • Sales increased 59% in Q1 vs Q1 last year
2007 2008 2009 2010 2011 Business Area AutomationSignificantly improved results Sales Automation • Focused sales deployment • Very good performance in Sweden and Norway (despite weak marine sector) • Turn around in Denmark and Finland • OEM focus Rolling four quarters MSEK
Infrastructure investments Energy distribution Water and waste water management Transportation systems Need for higher efficiency and increased profitability Higher communication and security needs Globalization and increased support New technology Key Market Drivers
Strategic Actions for Continued Growth New platforms and products Tailored concept solutions Global R&D and product management Market Driven Product Development Operational Excellence • Working capital • Supply chain improvements • Sales efficiency • Continuous improvements Organic Growth • OEM focus • Cross selling • From local to global product portfolio • Focus on prioritized segments Geographical Expansion • Increased global presence, Brazil, Korea, India • Strengthened distributor network • Acquisitions
Strong profitable growth Sales + 27% EBIT + 75% Good organic growth and increased profitability for HMI Products Slower start to the year for Westermo within IDC Significant improvements in sales and profitability for Automation Acquisitions performing above expectations Risk for component shortage due to earthquake in Japan New series of HMI-panels launched First Quarter Highlights
New member of the boardKjell Åkesson • Born 1949 • Education: • Bachelor degree Business Admin., University of Uppsala • Degree in elektroteknik • Former CEO of Lindab AB and Bilia AB, and former executive Vice President of Svedala AB • Chairman of the Board of Gullbergs AB • Board member of Ballingslöv International AB,Inwido AB, Bravida AB and Ferronordic Machines AB