The interim report summarizes BillerudKorsnäs' financial and operational performance for the first half of 2012. Key highlights include an increase in net sales and operating profit compared to the first quarter, driven by higher sales volumes. All three business areas (packaging & speciality paper, packaging boards, and market pulp) saw increased operating profits compared to Q1. The report also discusses market conditions, financial results, and an outlook for the remainder of 2012. BillerudKorsnäs announced plans to combine with Korsnäs, which is expected to generate annual synergies of MSEK 300.
- Net sales and sales volumes increased in Q1 2012 compared to Q4 2011 due to higher sales volumes. Operating profit was MSEK 142, a 6% operating margin.
- Price cuts were halted and price increases were announced for sack and kraft papers. Wood costs decreased.
- Operating profit increased in packaging and speciality paper due to higher sales volumes and lower costs. It decreased slightly in packaging boards due to lower prices. Profit improved in market pulp due to higher volumes and lower fixed costs compensating for lower prices.
- Cash flow from operations was positive due to higher operating surplus and improved working capital.
The interim report summarizes Billerud's financial performance for the first three quarters of 2011. Key highlights include strong earnings with an operating profit of MSEK 296 and margin of 13%. Cash flow from operating activities was very strong at MSK 531. All three business areas - Packaging & Speciality Paper, Packaging Boards, and Market Pulp - saw increases in operating profit compared to the previous quarter. However, order situations weakened for packaging paper and boards due to seasonal reductions in customer stock levels and growing uncertainty in demand. Billerud received two major packaging design awards. Overall results were above target operating margin of 12% despite price pressures and weaker demand outlook for the remainder of the year.
Highlights of the second quarter of 2011. Net sales amounted to SEK 24,143m (27,311) and income for the period was SEK 561m (1,028) or SEK 1.97 (3.61) per share. Net sales decreased by 2% in comparable currencies mainly as a result of lower prices.
Highlights of the fourth quarter of 2010. Net sales amounted to SEK 27,556m (28,215) and income for the period was SEK 677m (664), or SEK 2.38 (2.34) per share. Net sales increased by 1.6% in comparable currencies.
Highlights of the first quarter of 2012. Net sales amounted to SEK 25,875m (23,436) and income for the period was SEK 559m (457), or SEK 1.96 (1.61) per share. Net sales improved by 10.4%, of which 3.5% was organic growth. The acquisitions of CTI and Olympic Group impacted sales by 5.8%.
- EBIT declined to SEK 1,098m due to weak demand, price pressure, and higher costs for raw materials and sourced products.
- Solid results were reported for Professional Products and Latin America. The acquisitions of Olympic Group and CTI were completed.
- Going forward, Electrolux aims to restore results by increasing prices, adapting cost structures, and implementing global operations.
In this earnings call, Oshkosh Truck Corporation discusses its first quarter 2007 results. Sales increased 27.4% to $1.01 billion due to the acquisition of JLG Industries. Operating income decreased 3.9% to $83.6 million and EPS decreased 23.6% to $0.55. The company increased its full-year 2007 EPS estimate range to $3.15 to $3.25 per share. JLG is meeting expectations and integration is progressing well. Defense sales were lower compared to strong prior year results while fire and emergency and commercial saw strong performance.
Robert G. Bohn, Chairman, President and CEO of Oshkosh Truck Corporation, discussed the company's strong third quarter fiscal year 2006 results and provided an outlook for fiscal years 2006 and 2007. Some highlights included record sales and operating income for Q3 2006. The company also announced two acquisitions, AK Specialty Vehicles and Iowa Mold Tooling, expected to be accretive to earnings in fiscal 2007. For fiscal 2006, Oshkosh estimates sales growth of 14.9-16.6% and EPS growth of 24-26%. Fiscal 2007 estimates include sales of $3.65-$3.75 billion and EPS of $3.05-$3.15.
- Net sales and sales volumes increased in Q1 2012 compared to Q4 2011 due to higher sales volumes. Operating profit was MSEK 142, a 6% operating margin.
- Price cuts were halted and price increases were announced for sack and kraft papers. Wood costs decreased.
- Operating profit increased in packaging and speciality paper due to higher sales volumes and lower costs. It decreased slightly in packaging boards due to lower prices. Profit improved in market pulp due to higher volumes and lower fixed costs compensating for lower prices.
- Cash flow from operations was positive due to higher operating surplus and improved working capital.
The interim report summarizes Billerud's financial performance for the first three quarters of 2011. Key highlights include strong earnings with an operating profit of MSEK 296 and margin of 13%. Cash flow from operating activities was very strong at MSK 531. All three business areas - Packaging & Speciality Paper, Packaging Boards, and Market Pulp - saw increases in operating profit compared to the previous quarter. However, order situations weakened for packaging paper and boards due to seasonal reductions in customer stock levels and growing uncertainty in demand. Billerud received two major packaging design awards. Overall results were above target operating margin of 12% despite price pressures and weaker demand outlook for the remainder of the year.
Highlights of the second quarter of 2011. Net sales amounted to SEK 24,143m (27,311) and income for the period was SEK 561m (1,028) or SEK 1.97 (3.61) per share. Net sales decreased by 2% in comparable currencies mainly as a result of lower prices.
Highlights of the fourth quarter of 2010. Net sales amounted to SEK 27,556m (28,215) and income for the period was SEK 677m (664), or SEK 2.38 (2.34) per share. Net sales increased by 1.6% in comparable currencies.
Highlights of the first quarter of 2012. Net sales amounted to SEK 25,875m (23,436) and income for the period was SEK 559m (457), or SEK 1.96 (1.61) per share. Net sales improved by 10.4%, of which 3.5% was organic growth. The acquisitions of CTI and Olympic Group impacted sales by 5.8%.
- EBIT declined to SEK 1,098m due to weak demand, price pressure, and higher costs for raw materials and sourced products.
- Solid results were reported for Professional Products and Latin America. The acquisitions of Olympic Group and CTI were completed.
- Going forward, Electrolux aims to restore results by increasing prices, adapting cost structures, and implementing global operations.
In this earnings call, Oshkosh Truck Corporation discusses its first quarter 2007 results. Sales increased 27.4% to $1.01 billion due to the acquisition of JLG Industries. Operating income decreased 3.9% to $83.6 million and EPS decreased 23.6% to $0.55. The company increased its full-year 2007 EPS estimate range to $3.15 to $3.25 per share. JLG is meeting expectations and integration is progressing well. Defense sales were lower compared to strong prior year results while fire and emergency and commercial saw strong performance.
Robert G. Bohn, Chairman, President and CEO of Oshkosh Truck Corporation, discussed the company's strong third quarter fiscal year 2006 results and provided an outlook for fiscal years 2006 and 2007. Some highlights included record sales and operating income for Q3 2006. The company also announced two acquisitions, AK Specialty Vehicles and Iowa Mold Tooling, expected to be accretive to earnings in fiscal 2007. For fiscal 2006, Oshkosh estimates sales growth of 14.9-16.6% and EPS growth of 24-26%. Fiscal 2007 estimates include sales of $3.65-$3.75 billion and EPS of $3.05-$3.15.
This document summarizes an earnings conference call for Oshkosh Truck Corporation for the second quarter of fiscal year 2007. Sales increased 96.6% to $1.66 billion and operating income grew 69.1% to $134.8 million. For fiscal year 2007, the company estimates sales of $6.1-6.2 billion and operating income of $568-580 million. It also provides segment-level results and highlights for access equipment, defense, fire & emergency, and commercial.
Electrolux Consolidated results 2011 presentationElectrolux Group
Highlights of the fourth quarter of 2011. Net sales amounted to SEK 28,369m (27,556) and income for the period was SEK 221m (677), or SEK 0.77 (2.38) per share. Operating income amounted to SEK 1,441m (1,714), corresponding to a margin of 5.1% (6.2), excluding items affecting comparability and non-recurring items.
Oshkosh Truck Corporation presented an investor presentation on its proposed acquisition of JLG Industries, Inc. The presentation discussed Oshkosh's track record of successful acquisitions and shareholder value creation. It also outlined the objectives of acquiring JLG to support growth above 15%, diversify into the fast-growing aerial work platform market, and execute its long-term acquisition strategy. Finally, the presentation provided an overview of Oshkosh Truck Corporation and its proven strategy of new product leadership, operational excellence, and strategic acquisitions that have fueled strong sales and earnings growth.
- Sales for the first quarter of 2012 increased 67% year-over-year to SEK 954.3 million due to strong growth across all business segments. However, operating profit declined to SEK -12.1 million from SEK 20.1 million a year ago due to increased investments in growth initiatives and non-recurring costs of SEK 14 million.
- The Entertainment segment saw a 34% increase in sales driven by strengthened product offerings. Operating profit for the segment was SEK 24.1 million. Fashion sales grew 76% following geographical expansions but reported an operating loss of SEK -38.5 million due to a warehouse relocation.
- While sales growth was strong across segments,
Robert G. Bohn, Chairman, President and CEO of Oshkosh Truck Corporation, and Charles L. Szews, Executive VP and CFO, reported record financial results for the first quarter of fiscal year 2006. Sales increased 22.5% to $790.3 million and operating income grew 28.6% to $87 million. EPS increased 28.6% to $0.72. For fiscal year 2006, the company estimates sales between $3.3-3.4 billion, operating income between $316.5-329 million, and EPS between $2.55-2.65, representing growth of 17-21.6%.
Robert Bohn, Chairman of Oshkosh Truck Corporation, discussed the company's strong fiscal 2006 financial results and outlook for fiscal 2007. Key points include:
1) Fiscal 2006 sales increased 15.8% and operating income grew 22%, with EPS up 26.6%.
2) The acquisition of JLG Industries was announced, which will diversify the company and support growth of over 15%.
3) Fiscal 2007 stand-alone estimates include sales of $3.65-$3.75 billion and EPS of $3.05-$3.15, with the JLG acquisition expected to be modestly accretive.
CDON Group reported strong financial results for the first quarter of 2011, with net sales up 22% to SEK 571.8 million and operating profit of SEK 20.1 million. Gross profit increased 17.4% to SEK 109.9 million. The company saw sales growth across all business segments, with the entertainment segment representing 63% of total sales. Operating costs increased due to investments in expanding existing and newly acquired businesses.
Axfood reported stable earnings for the third quarter of 2012, with net sales increasing 3.5% to SEK 9,044 million. The operating margin was 4.1%, down slightly from 4.2% in the previous year. All of Axfood's business units saw positive results, with Hemköp reporting sales growth of 7.2% and Willys achieving its best third quarter result ever with a 1.4% increase in operating profit. Axfood aims to achieve an operating profit for 2012 at the same level as 2011 through continued sales growth, high levels of private label products, efficiency improvements, and investments in store renewals.
1) Oshkosh reported record second quarter fiscal year 2006 results with sales up 25.6% and operating income up 27.3% driven by strong performance in the defense segment.
2) The defense segment results nearly doubled compared to the previous year due to growth in remanufactured and new truck sales, however challenges remain in locating used vehicle carcasses for remanufacturing.
3) The fire and emergency segment saw a temporary dip in earnings as anticipated due to heavily weighted airport product sales in the second half of the year and two component issues that delayed revenue recognition.
CDON Group Q4 & FY 2011 Financial PresentationQliro Group AB
- The company reported record financial results for Q4 and full year 2011, with 71% year-over-year sales growth in Q4 to SEK 1316.4 million and 54% full year sales growth to SEK 3,403.7 million.
- Operating profit for Q4 increased to SEK 71.3 million with an operating margin of 5.4% and pre-tax profit for Q4 was SEK 65.9 million.
- For the full year, gross profit increased 48% to SEK 602.3 million with a gross margin of 17.7% excluding non-recurring items.
Highlights of the second quarter of 2010. Net sales amounted to SEK 27,311m (27,482) and income for the period was SEK 1,028m (658), or SEK 3.61 (2.32) per share. Net sales increased by 2.8% in comparable currencies, due to higher sales volumes.
Tim Solso, Chairman and CEO of Cummins, presented at Citigroup's 19th Annual Global Industrial Manufacturing Conference. Over the past several years, Cummins has delivered on its financial commitments, growing revenue significantly above targets and improving margins and returns. Moving forward, Cummins aims to further increase profitability, reduce debt, invest in growth opportunities, and deliver increased shareholder value.
1) CDON Group reported record fourth quarter sales and a successful demerger and listing on the Nasdaq OMX Stockholm exchange.
2) Net sales increased 25% year-over-year to SEK 768.9 million in Q4 and 27% to SEK 2,210.0 million for the full year.
3) Operating profit was SEK 38.1 million in Q4 and SEK 134.6 million for the full year, reflecting stable profits and healthy growth across all business segments.
The financial results document summarizes the company's financial performance for Q2 and the first half of 2011. Some key points:
- Net sales increased 51% in Q2 and 36% for the first half year due to acquisitions and sales growth across all segments.
- Operating profit decreased in both periods due to investments in expansion and a shift in product mix in the Entertainment segment.
- Each business segment was profitable in Q2 despite ongoing investments. The newly acquired Home & Garden segment contributed sales of SEK 48.9 million.
- Year-over-year sales growth was seen across all segments, ranging from 33-58% increase, demonstrating continued strong performance.
Oshkosh Corporation held an earnings conference call to discuss its first quarter fiscal year 2008 results. Sales increased 49% to $1.5 billion due to strong growth in access equipment and defense, while earnings per share declined 9.1% to $0.50. For fiscal year 2008, the company estimates revenue of $7.1-7.3 billion, operating income of $675-700 million, and earnings per share of $4.15-4.35. Challenging economic conditions are impacting commercial and fire & emergency segments, but global initiatives and cost reductions will support the full-year outlook.
The document summarizes Oshkosh Corporation's earnings conference call for the second quarter of fiscal year 2008. Key highlights include sales increasing 6.7% to $1.8 billion and operating income rising 24.8% to $168.2 million. EPS grew 42.6% to $0.97. While access equipment and defense saw strong demand, commercial and fire & emergency faced challenging market conditions. The company maintained its fiscal year 2008 EPS estimate range of $4.15 to $4.35.
This document is Mohawk Industries' 2001 Annual Report. The summary provides:
1) Mohawk achieved record financial results in 2001 despite economic challenges, with net earnings of $188.6 million and diluted EPS of $3.55, up 15% from 2000.
2) Mohawk continued improving operations through cost reductions, debt paydown, inventory management and cash flow increases.
3) Mohawk completed an acquisition of Dal-Tile to become a leader in both soft and hard flooring, with the goal of expanding product categories and market position.
BillerudKorsnäs reported strong first quarter results for 2011, with operating profit of MSEK 332, a 12% increase in net sales, and record sales volume of 369 ktonnes. Packaging paper continued strong results due to good order situation and price increases. Market pulp results were lower due to stronger SEK and higher costs, though price increases were announced. Outlook remains positive with announced price increases expected to impact future quarters and currency hedges compensating SEK strength.
The interim report summarizes Billerud Group's financial performance in the first half of 2011. Key points include:
1) The company reported strong earnings in Q2 with an EBIT of MSEK 275 million and an operating margin of 12%, though lower than Q1 mainly due to a planned maintenance shutdown.
2) Packaging paper saw continued strong underlying earnings with a 3% increase in local prices and orders remaining at a good level despite seasonal decline.
3) Market pulp saw a 45 USD/tonne price increase in Europe and the company announced two price increases though the second was not fully implemented.
4) Overall the company reported a good first half result with an operating margin of
PostNord reported satisfactory annual results for 2012, maintaining efforts to convert operations amid declining letter volumes. Net sales were unchanged in Q4 2012 and fell 1% for the full year. Adjusted operating profit was SEK 549m in Q4 and SEK 1,550m for 2012. Results were impacted by SEK 600m in restructuring costs and write-downs in Q4 and SEK 1,400m for the full year. The Mail business stabilized its underlying margin despite a 7% volume decline for the year. Logistics grew sales 8% in Q4 and 1% for the year on increased e-commerce volumes, and also acquired complementary businesses. Strålfors achieved profitability following stream
Tim Solso, Chairman and CEO of Cummins, presented at Citigroup's 19th Annual Global Industrial Manufacturing Conference. Over the past several years, Cummins has delivered on its financial commitments, growing revenue significantly above targets and improving margins and returns. Moving forward, Cummins aims to further increase profitability, reduce debt, invest in growth opportunities, and deliver shareholder value through dividends and share repurchases. Cummins is well positioned for future success, especially in emerging markets like China and India, despite challenges like emissions regulations.
This document summarizes an earnings conference call for Oshkosh Truck Corporation for the second quarter of fiscal year 2007. Sales increased 96.6% to $1.66 billion and operating income grew 69.1% to $134.8 million. For fiscal year 2007, the company estimates sales of $6.1-6.2 billion and operating income of $568-580 million. It also provides segment-level results and highlights for access equipment, defense, fire & emergency, and commercial.
Electrolux Consolidated results 2011 presentationElectrolux Group
Highlights of the fourth quarter of 2011. Net sales amounted to SEK 28,369m (27,556) and income for the period was SEK 221m (677), or SEK 0.77 (2.38) per share. Operating income amounted to SEK 1,441m (1,714), corresponding to a margin of 5.1% (6.2), excluding items affecting comparability and non-recurring items.
Oshkosh Truck Corporation presented an investor presentation on its proposed acquisition of JLG Industries, Inc. The presentation discussed Oshkosh's track record of successful acquisitions and shareholder value creation. It also outlined the objectives of acquiring JLG to support growth above 15%, diversify into the fast-growing aerial work platform market, and execute its long-term acquisition strategy. Finally, the presentation provided an overview of Oshkosh Truck Corporation and its proven strategy of new product leadership, operational excellence, and strategic acquisitions that have fueled strong sales and earnings growth.
- Sales for the first quarter of 2012 increased 67% year-over-year to SEK 954.3 million due to strong growth across all business segments. However, operating profit declined to SEK -12.1 million from SEK 20.1 million a year ago due to increased investments in growth initiatives and non-recurring costs of SEK 14 million.
- The Entertainment segment saw a 34% increase in sales driven by strengthened product offerings. Operating profit for the segment was SEK 24.1 million. Fashion sales grew 76% following geographical expansions but reported an operating loss of SEK -38.5 million due to a warehouse relocation.
- While sales growth was strong across segments,
Robert G. Bohn, Chairman, President and CEO of Oshkosh Truck Corporation, and Charles L. Szews, Executive VP and CFO, reported record financial results for the first quarter of fiscal year 2006. Sales increased 22.5% to $790.3 million and operating income grew 28.6% to $87 million. EPS increased 28.6% to $0.72. For fiscal year 2006, the company estimates sales between $3.3-3.4 billion, operating income between $316.5-329 million, and EPS between $2.55-2.65, representing growth of 17-21.6%.
Robert Bohn, Chairman of Oshkosh Truck Corporation, discussed the company's strong fiscal 2006 financial results and outlook for fiscal 2007. Key points include:
1) Fiscal 2006 sales increased 15.8% and operating income grew 22%, with EPS up 26.6%.
2) The acquisition of JLG Industries was announced, which will diversify the company and support growth of over 15%.
3) Fiscal 2007 stand-alone estimates include sales of $3.65-$3.75 billion and EPS of $3.05-$3.15, with the JLG acquisition expected to be modestly accretive.
CDON Group reported strong financial results for the first quarter of 2011, with net sales up 22% to SEK 571.8 million and operating profit of SEK 20.1 million. Gross profit increased 17.4% to SEK 109.9 million. The company saw sales growth across all business segments, with the entertainment segment representing 63% of total sales. Operating costs increased due to investments in expanding existing and newly acquired businesses.
Axfood reported stable earnings for the third quarter of 2012, with net sales increasing 3.5% to SEK 9,044 million. The operating margin was 4.1%, down slightly from 4.2% in the previous year. All of Axfood's business units saw positive results, with Hemköp reporting sales growth of 7.2% and Willys achieving its best third quarter result ever with a 1.4% increase in operating profit. Axfood aims to achieve an operating profit for 2012 at the same level as 2011 through continued sales growth, high levels of private label products, efficiency improvements, and investments in store renewals.
1) Oshkosh reported record second quarter fiscal year 2006 results with sales up 25.6% and operating income up 27.3% driven by strong performance in the defense segment.
2) The defense segment results nearly doubled compared to the previous year due to growth in remanufactured and new truck sales, however challenges remain in locating used vehicle carcasses for remanufacturing.
3) The fire and emergency segment saw a temporary dip in earnings as anticipated due to heavily weighted airport product sales in the second half of the year and two component issues that delayed revenue recognition.
CDON Group Q4 & FY 2011 Financial PresentationQliro Group AB
- The company reported record financial results for Q4 and full year 2011, with 71% year-over-year sales growth in Q4 to SEK 1316.4 million and 54% full year sales growth to SEK 3,403.7 million.
- Operating profit for Q4 increased to SEK 71.3 million with an operating margin of 5.4% and pre-tax profit for Q4 was SEK 65.9 million.
- For the full year, gross profit increased 48% to SEK 602.3 million with a gross margin of 17.7% excluding non-recurring items.
Highlights of the second quarter of 2010. Net sales amounted to SEK 27,311m (27,482) and income for the period was SEK 1,028m (658), or SEK 3.61 (2.32) per share. Net sales increased by 2.8% in comparable currencies, due to higher sales volumes.
Tim Solso, Chairman and CEO of Cummins, presented at Citigroup's 19th Annual Global Industrial Manufacturing Conference. Over the past several years, Cummins has delivered on its financial commitments, growing revenue significantly above targets and improving margins and returns. Moving forward, Cummins aims to further increase profitability, reduce debt, invest in growth opportunities, and deliver increased shareholder value.
1) CDON Group reported record fourth quarter sales and a successful demerger and listing on the Nasdaq OMX Stockholm exchange.
2) Net sales increased 25% year-over-year to SEK 768.9 million in Q4 and 27% to SEK 2,210.0 million for the full year.
3) Operating profit was SEK 38.1 million in Q4 and SEK 134.6 million for the full year, reflecting stable profits and healthy growth across all business segments.
The financial results document summarizes the company's financial performance for Q2 and the first half of 2011. Some key points:
- Net sales increased 51% in Q2 and 36% for the first half year due to acquisitions and sales growth across all segments.
- Operating profit decreased in both periods due to investments in expansion and a shift in product mix in the Entertainment segment.
- Each business segment was profitable in Q2 despite ongoing investments. The newly acquired Home & Garden segment contributed sales of SEK 48.9 million.
- Year-over-year sales growth was seen across all segments, ranging from 33-58% increase, demonstrating continued strong performance.
Oshkosh Corporation held an earnings conference call to discuss its first quarter fiscal year 2008 results. Sales increased 49% to $1.5 billion due to strong growth in access equipment and defense, while earnings per share declined 9.1% to $0.50. For fiscal year 2008, the company estimates revenue of $7.1-7.3 billion, operating income of $675-700 million, and earnings per share of $4.15-4.35. Challenging economic conditions are impacting commercial and fire & emergency segments, but global initiatives and cost reductions will support the full-year outlook.
The document summarizes Oshkosh Corporation's earnings conference call for the second quarter of fiscal year 2008. Key highlights include sales increasing 6.7% to $1.8 billion and operating income rising 24.8% to $168.2 million. EPS grew 42.6% to $0.97. While access equipment and defense saw strong demand, commercial and fire & emergency faced challenging market conditions. The company maintained its fiscal year 2008 EPS estimate range of $4.15 to $4.35.
This document is Mohawk Industries' 2001 Annual Report. The summary provides:
1) Mohawk achieved record financial results in 2001 despite economic challenges, with net earnings of $188.6 million and diluted EPS of $3.55, up 15% from 2000.
2) Mohawk continued improving operations through cost reductions, debt paydown, inventory management and cash flow increases.
3) Mohawk completed an acquisition of Dal-Tile to become a leader in both soft and hard flooring, with the goal of expanding product categories and market position.
BillerudKorsnäs reported strong first quarter results for 2011, with operating profit of MSEK 332, a 12% increase in net sales, and record sales volume of 369 ktonnes. Packaging paper continued strong results due to good order situation and price increases. Market pulp results were lower due to stronger SEK and higher costs, though price increases were announced. Outlook remains positive with announced price increases expected to impact future quarters and currency hedges compensating SEK strength.
The interim report summarizes Billerud Group's financial performance in the first half of 2011. Key points include:
1) The company reported strong earnings in Q2 with an EBIT of MSEK 275 million and an operating margin of 12%, though lower than Q1 mainly due to a planned maintenance shutdown.
2) Packaging paper saw continued strong underlying earnings with a 3% increase in local prices and orders remaining at a good level despite seasonal decline.
3) Market pulp saw a 45 USD/tonne price increase in Europe and the company announced two price increases though the second was not fully implemented.
4) Overall the company reported a good first half result with an operating margin of
PostNord reported satisfactory annual results for 2012, maintaining efforts to convert operations amid declining letter volumes. Net sales were unchanged in Q4 2012 and fell 1% for the full year. Adjusted operating profit was SEK 549m in Q4 and SEK 1,550m for 2012. Results were impacted by SEK 600m in restructuring costs and write-downs in Q4 and SEK 1,400m for the full year. The Mail business stabilized its underlying margin despite a 7% volume decline for the year. Logistics grew sales 8% in Q4 and 1% for the year on increased e-commerce volumes, and also acquired complementary businesses. Strålfors achieved profitability following stream
Tim Solso, Chairman and CEO of Cummins, presented at Citigroup's 19th Annual Global Industrial Manufacturing Conference. Over the past several years, Cummins has delivered on its financial commitments, growing revenue significantly above targets and improving margins and returns. Moving forward, Cummins aims to further increase profitability, reduce debt, invest in growth opportunities, and deliver shareholder value through dividends and share repurchases. Cummins is well positioned for future success, especially in emerging markets like China and India, despite challenges like emissions regulations.
SEB reported strong results in the second quarter of 2012, with continued growth in income and efficiency. Net interest income grew due to increased lending and deposit volumes. Fees also increased due to growth in advisory and fund management services. Cost control led to improved operating leverage. Asset quality remained high, with low credit losses. The balance sheet was further strengthened in the quarter through capital generation and liquidity management. Going forward, SEB expects the economic recovery to proceed slowly, but aims to benefit from its strong franchise and customer-centric strategy.
Highlights of the third quarter of 2012. Net sales amounted to SEK 27,171m (25,650) and income for the period was SEK 985m (825), or SEK 3.43 (2.90) per share. Net sales improved by 5.9%, of which 4.6% was organic growth, 5.1% acquisitions and –3.8% changes in exchange rates.
The document provides an investor update on Q2 2012 results. It highlights that revenue increased 8% to €4.4 billion driven by pricing actions and currencies, while volumes declined 2% due to economic slowdown in Europe. EBITDA margin was 13.5%, flat compared to prior year. The performance improvement program is on track to support EBITDA. Decorative Paints revenue grew 6% on pricing despite volume declines. Performance Coatings revenue rose 12% from acquisitions and pricing. Specialty Chemicals revenue increased 6% from pricing and acquisitions.
March 2012 NAL Energy Corporate PresentationNALenergy
NAL Energy Corporation is an oil and gas company with a market capitalization of $1.1 billion and monthly dividend of $0.05 per share. It has several series of convertible debentures outstanding. The company's strategic direction focuses on long term sustainability through dividend payments, adding scalable liquids opportunities, cost efficiency, and disciplined acquisitions. NAL provides a corporate presentation outlining its operational and financial strategies, including growing its liquids volumes, maintaining financial flexibility, and providing 2012 guidance and reserve information.
MTG reported financial results for Q4 and FY 2012. In Q4, sales were stable year-over-year at constant FX while OPEX increased. EBIT was SEK 514 million excluding associated company income. For FY 2012, sales increased 1% at constant FX while OPEX also increased. EBIT was SEK 1,695 million excluding associated company income. MTG expects its Nordic pay-TV business to grow revenues in 2013 and report an EBIT margin of 10-12% for the year.
Tele2 reported robust fourth quarter and full-year 2008 results with revenue growth and improved profitability. Key highlights included strong growth in Russia and Croatia, stable performance in the Nordic region, and a focus on profitability in Western Europe. Tele2 is well positioned financially and operationally to deal with potential economic impacts in 2009, with contingency plans to preserve cash flow. The company proposed an increased dividend and secured a new credit facility, maintaining a strong liquidity profile.
Third quarter earnings were as expected but not enough to drive growth. The company reported operational EBIT of EUR 175 million. New profitability plans aim to generate annual cost savings of EUR 36 million through capacity reductions and efficiency improvements. The company is also examining the possibility of selling its Corbehem paper mill in France. Stora Enso is continuing its transformation to value-creating growth through projects in Uruguay, Poland, China, and Pakistan.
1) SEB reported an operating profit of SEK 2.4 billion in Q1 2009, driven by strong net interest income which increased 40% due to falling interest rates.
2) Costs were well under control and unchanged on a comparable basis despite FX effects. A cost management program has reduced staff by 230 FTEs in Q1 2009.
3) The bank strengthened its position in merchant banking in the Nordic region and increased trade finance portfolio volumes by 77% compared to Q1 2007.
The document provides an overview of Tele2's financial and operational performance in the first quarter of 2010. Key highlights include robust results in the Nordic and Russian markets, with Sweden mobile revenue growing 3% and Russia achieving its highest ever EBITDA contribution. The Netherlands also performed well in the corporate segment. Overall, the group saw a 5% increase in EBITDA despite a 3% decline in net sales. Tele2 reiterated its strategic focus on growth in the postpaid segment and maintaining a long term mobile EBITDA margin of at least 35%.
- Goodrich Corporation reported second quarter 2006 results, with sales growing 10% year-over-year and income from continuing operations increasing 30% to $81 million compared to second quarter 2005.
- The company raised its 2006 sales outlook to $5.75-5.85 billion and adjusted net income per diluted share outlook to $3.40-3.55 due to improved operational performance.
- All business segments saw sales and operating income increases compared to second quarter 2005, driven by higher commercial airplane original equipment and aftermarket sales as well as cost improvements.
- Goodrich Corporation reported second quarter 2006 results, with sales growing 10% year-over-year and income from continuing operations increasing 30% to $81 million.
- The company raised its 2006 sales outlook to $5.75-5.85 billion and adjusted net income per diluted share outlook to $3.40-3.55 due to improved operational performance.
- Segment operating margins improved across all segments (Engine Systems, Airframe Systems, Electronic Systems), driven by higher commercial airplane original equipment and aftermarket sales as well as cost reductions.
The document is a presentation by Tim Solso, Chairman and CEO of Cummins, at Baird's 2005 Industrial Conference. It summarizes Cummins' financial performance and commitments, including exceeding targets for revenue growth, EBIT margin, capital expenditures, debt ratios, and returns. It outlines strategies to increase profitability, reduce debt, invest in growth areas, and create shareholder value. Cummins is well positioned for future growth in emerging markets like China and India. The presentation also discusses strategies for heavy duty engines, components and distribution businesses, and preparations for 2007 emissions regulations.
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3) Assets under management totaled CHF 1,407 billion, down 2% from December 2001 due to market movements and structural effects, partially offset by net inflows of CHF 13.5 billion.
Similar to Billerud Interim Report Q2 2012 presentation (20)
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3. HIGHLIGHTS IN Q2 2012
• Increase in net sales and sales volumes vs. Q1 2012
• Operating profit of MSEK 161, 7% operating margin
• Increase in EBIT for all business areas vs. Q1 2012
• Non-recurring costs of MSEK 38
• Stable order books at normal levels for packaging paper
• Stable prices in local currency for the Group vs. Q1 2012
• Acquired Finnish operation included as from 1 June 2012
• Combination with Korsnäs announced
3
4. INCREASED OPERATING PROFIT FOR ALL
BUSINESS AREAS
MSEK 250 NET SALES SALES VOLUME
212
200 +10%
+51% +14%
140
150 135
100 100
50 67
56
0 10
-16
Q1 -12 Q2 -12
-50
MP PB PSP
4
6. THREE BUSINESS AREAS BECOMES TWO IN Q3
Packaging & Packaging Boards Market Pulp
Speciality Paper
X
6
7. PACKAGING & SPECIALITY PAPER
Market situation in Q2 2012
• Stable order situation for kraft paper and somewhat weaker
order situation for sack paper at the end of Q2 vs. Q1 2012
• Normal order levels
• Stable prices in local currency with a certain improvement
towards end of Q2
• Implementation of price increase continues
7
8. PACKAGING & SPECIALITY PAPER
Financials – Q2 2012 vs. Q1 2012
160
• Operating profit up by MSEK 35 140
Operating profit, MSEK
120
• Higher sales volumes as a result of 100
the acquisition and lower variable 80
costs 60
40
20
0
Q2 -11 Q3 -11 Q4 -11 Q1 - 12 Q2 -12
Q2 -12 Q1 -12 Q2 -11 FY 2011
Net sales, MSEK 1,277 1,091 1,079 4,293
Operating profit, MSEK 135 100 102 450
Operating margin, % 11 9 9 10
8
9. PACKAGING BOARDS
Market situation in Q2 2012
• Somewhat improved order situation
• Normal order levels for most products
• Lower average prices in local currency vs. Q1 2012 due to
a changed customer and geographical mix
• Implementation of price announcement for Billerud’s fluting
was made more difficult due to falling prices for recycled
fibre-based fluting
9
11. MARKET PULP
Market situation in Q2 2012
• Unchanged balance between supply and demand
• Producers’ pulp stocks relatively stable
• Price decreased to ~830 USD/tonne at end of Q2 2012
from ~850 USD/tonne at end of Q1 2012
11
12. MARKET PULP
Financials – Q2 2012 vs. Q1 2012
40
• Operating profit up by MSEK 26 30
Operating profit, MSEK
• Improved average prices in local 20
currency, an improved currency 10
situation and lower variable costs 0
Q2 -11 Q3 -11 Q4 -11 Q1 -12 Q2 -12
-10
-20
-30
Q2 -12 Q1 -12 Q2 -11 FY 2011
Net sales, MSEK 391 436 435 1,752
Operating profit, MSEK 10 -16 20 64
Operating margin, % 3 -4 5 4
12
13. BILLERUDKORSNÄS
- A WORLD CLASS PACKAGING MATERIALS COMPANY
Combining two leading …into a new entity …with the aim to create:
Swedish packaging under very strong
materials companies… brand names…
● Strengthened offering of primary fibre-
based packaging materials
● Complete and well balanced product
portfolio
● Leading positions within cartonboard,
containerboard and packaging paper
● Knowledge base to enhance
innovation and smarter solutions
● Strong positions in Food & Beverage,
Consumer Goods and Industrial
● Annual synergies of MSEK ~300
identified
● Attractive shareholder returns
13
14. Q2 2012 IN SUM
• Increase in net sales and sales volumes, partly due to
acquisition
• Increase in EBIT for all business areas vs. Q1 2012
• Non-recurring costs of MSEK 38
• Stable order books at normal levels for packaging paper
• Stable prices in local currency for the Group vs. Q1 2012
• Acquired Finnish operation included as from 1 June 2012
• Combination of Korsnäs announced
14
23. CURRENCY SITUATION
• Profit effect of net flow hedging MSEK -5 (52) for Q2 2012 and
MSEK 38 (151) for Jan-Jun 2012
• Market value of outstanding contracts not relating to trade
receivable was MSEK 24*
Average hedged currency rates (share of net flow)
Hedge level 12 months forward: Q3 -12 Q4 -12 Q1 -13 Q2 -13 Total 12
months
EUR 44% 9.11 9.06 9.02 9.04 9.07
(79%) (53%) (32%) (12%) (44%)
6.85 6.90 6.95 7.07 6.90
USD 47%
(79%) (58%) (37%) (12%) (47%)
10.82 10.92 10.87 11.10 10.88
GBP 51%
(89%) (62%) (35%) (16%) (51%)
Note: Data in table and graph are as of 30 June 2012. *As of 30 June 2012. 23
25. OUTLOOK
• At the beginning of the third quarter 2012, the order situation in the
packaging paper segments was on average normal and is anticipated
to remain stable over the next quarter
• It is expected that price rises in sack and kraft paper, announced in
the second quarter 2012, will show through in the second half of 2012
• Non-recurring transaction costs pertaining to the combination with
Korsnäs are thought likely to total approximately SEK 50 million, the
major part of which is expected to be charged to the quarter in which
the combination will take place. Added to these costs, financing and
integration costs of a non-recurring kind will be incurred after the
transaction is completed
• Wood prices are anticipated to be lower in 2012 than in 2011
25
26. Q&A
We believe in embracing what is important to our customers, our company,
our employees and the environment. By always giving back more than we take,
we are building a company for future generations.
26