The document summarizes Ahlstrom's annual general meeting for 2016. It discusses Ahlstrom's financial results for 2015, including net sales increasing 7.4% to EUR 1,074.7 million and operating profit excluding non-recurring items increasing 66.1% to EUR 47.5 million. It outlines Ahlstrom's new strategy and long-term financial targets, including adjusting operating profit margin to be above 8% by 2018. Finally, it provides an outlook for 2016 with net sales from continuing operations expected between EUR 950-1,050 million and adjusted operating profit between 4.2-5.2% of net sales.
Stora Enso reported financial results for the first quarter of 2016. Sales were slightly down at 2.445 billion euros due to structurally declining paper business, but increased by 2.4% excluding paper and divested mills. Operational EBIT increased 12.7% to 248 million euros and the margin reached a record high of 10.1%. Cash flow from operations improved to 289 million euros. The company continued strengthening its balance sheet through high investments while reducing net debt. Stora Enso also provided guidance for the second quarter of 2016, estimating sales to be slightly higher than Q1 levels and operational EBIT to be in line with or somewhat lower due to scheduled annual maintenance shutdowns.
Stora Enso reported financial results for Q4 and full year 2015. Key highlights included:
- Operational EBIT improved 15.8% in Q4 and 13% for the full year due to higher pulp volumes from Montes del Plata and favorable foreign exchange rates.
- Cash flow remained strong at EUR 412 million before investments and EUR 75 million after investments despite peak capital expenditures in 2015.
- Net debt to operational EBITDA was reduced to 2.4 from 2.6 the prior year.
- Annual EPS increased substantially to EUR 1.02 from EUR 0.13 in 2014, supported by a forest valuation gain.
- The company proposed increasing
The annual general meeting document for Ahlstrom-Munksjö Oyj provided an overview of the company's performance in 2017 following its merger. Key points included:
1) The merger between Ahlstrom and Munksjö was successfully implemented, creating a global leader in fiber-based solutions with over 6,000 employees and annual sales of €2.2 billion.
2) The company achieved strong financial results in 2017, with record EBITDA margin of 13% and annual synergies estimated to be above €40 million.
3) A new sustainability framework was established, focusing on priorities around people, planet and prosperity.
Ahlstrom-Munksjö's first quarter after the merger. Net sales increased 2.8% and EBITDA 0.2% - both q/q. Merger synergy benefits annual run rate was about EUR 13 million at the end of Q2/17, majority from SG&A cost
2015 capital markets day presentation by Karl Henrik SundströmStora Enso
Stora Enso is transitioning from a traditional paper and board producer to a global renewable materials growth company. It is focusing on growing its packaging, biomaterials, and wood products divisions through investments and innovation. Stora Enso discussed ongoing investments, capital allocation towards growth, trends driving demand for renewable materials, and maintaining cash flow from its paper business. The company is also working to increase the value-added and innovative use of wood in its products portfolio.
Stora Enso reported financial results for Q3 2016. Key highlights include:
- Sales decreased 4.3% to 2.39 billion euros due to structurally declining paper business and divested mill, but increased 1.8% excluding these factors.
- Operational EBIT was 219 million euros, down 11% due primarily to ramp-up costs for the new Beihai consumer board mill in China.
- Cash flow from operations was 390 million euros.
- Net debt to operational EBITDA improved to 2.1 from 2.5 the previous year, reflecting ongoing balance sheet strengthening.
- Several growth investments and divestments of non-core businesses were noted as part of the company
Stora Enso reported financial results for Q4 and full year 2016. Key highlights include:
- Sales for Q4 2016 were EUR 2.4 billion, up 4.5% excluding declining paper business. Operational EBIT was EUR 191 million.
- Beihai consumer board mill ramp-up is ahead of plan but negatively impacted results. Hardwood pulp prices also declined.
- Cash flow from operations was strong at EUR 461 million. Net debt to EBITDA ratio improved to 2.0x.
- Guidance for Q1 2017 expects similar sales to Q4 2016 and operational EBIT in line with Q4, impacted by Beihai and power failure.
2015 capital markets day presentation by gilles van nieuwenhuyzenStora Enso
Gilles van Nieuwenhuyzen is the Executive Vice President of Stora Enso's Packaging Solutions division. He brings experience leading large multinational companies in food ingredients, chemicals, and biotechnology. He has a track record of accelerating growth through innovation and improving margins. Stora Enso Packaging Solutions provides containerboard and corrugated packaging to customers in industries like food, beverages, retail, and industrial sectors.
Stora Enso reported financial results for the first quarter of 2016. Sales were slightly down at 2.445 billion euros due to structurally declining paper business, but increased by 2.4% excluding paper and divested mills. Operational EBIT increased 12.7% to 248 million euros and the margin reached a record high of 10.1%. Cash flow from operations improved to 289 million euros. The company continued strengthening its balance sheet through high investments while reducing net debt. Stora Enso also provided guidance for the second quarter of 2016, estimating sales to be slightly higher than Q1 levels and operational EBIT to be in line with or somewhat lower due to scheduled annual maintenance shutdowns.
Stora Enso reported financial results for Q4 and full year 2015. Key highlights included:
- Operational EBIT improved 15.8% in Q4 and 13% for the full year due to higher pulp volumes from Montes del Plata and favorable foreign exchange rates.
- Cash flow remained strong at EUR 412 million before investments and EUR 75 million after investments despite peak capital expenditures in 2015.
- Net debt to operational EBITDA was reduced to 2.4 from 2.6 the prior year.
- Annual EPS increased substantially to EUR 1.02 from EUR 0.13 in 2014, supported by a forest valuation gain.
- The company proposed increasing
The annual general meeting document for Ahlstrom-Munksjö Oyj provided an overview of the company's performance in 2017 following its merger. Key points included:
1) The merger between Ahlstrom and Munksjö was successfully implemented, creating a global leader in fiber-based solutions with over 6,000 employees and annual sales of €2.2 billion.
2) The company achieved strong financial results in 2017, with record EBITDA margin of 13% and annual synergies estimated to be above €40 million.
3) A new sustainability framework was established, focusing on priorities around people, planet and prosperity.
Ahlstrom-Munksjö's first quarter after the merger. Net sales increased 2.8% and EBITDA 0.2% - both q/q. Merger synergy benefits annual run rate was about EUR 13 million at the end of Q2/17, majority from SG&A cost
2015 capital markets day presentation by Karl Henrik SundströmStora Enso
Stora Enso is transitioning from a traditional paper and board producer to a global renewable materials growth company. It is focusing on growing its packaging, biomaterials, and wood products divisions through investments and innovation. Stora Enso discussed ongoing investments, capital allocation towards growth, trends driving demand for renewable materials, and maintaining cash flow from its paper business. The company is also working to increase the value-added and innovative use of wood in its products portfolio.
Stora Enso reported financial results for Q3 2016. Key highlights include:
- Sales decreased 4.3% to 2.39 billion euros due to structurally declining paper business and divested mill, but increased 1.8% excluding these factors.
- Operational EBIT was 219 million euros, down 11% due primarily to ramp-up costs for the new Beihai consumer board mill in China.
- Cash flow from operations was 390 million euros.
- Net debt to operational EBITDA improved to 2.1 from 2.5 the previous year, reflecting ongoing balance sheet strengthening.
- Several growth investments and divestments of non-core businesses were noted as part of the company
Stora Enso reported financial results for Q4 and full year 2016. Key highlights include:
- Sales for Q4 2016 were EUR 2.4 billion, up 4.5% excluding declining paper business. Operational EBIT was EUR 191 million.
- Beihai consumer board mill ramp-up is ahead of plan but negatively impacted results. Hardwood pulp prices also declined.
- Cash flow from operations was strong at EUR 461 million. Net debt to EBITDA ratio improved to 2.0x.
- Guidance for Q1 2017 expects similar sales to Q4 2016 and operational EBIT in line with Q4, impacted by Beihai and power failure.
2015 capital markets day presentation by gilles van nieuwenhuyzenStora Enso
Gilles van Nieuwenhuyzen is the Executive Vice President of Stora Enso's Packaging Solutions division. He brings experience leading large multinational companies in food ingredients, chemicals, and biotechnology. He has a track record of accelerating growth through innovation and improving margins. Stora Enso Packaging Solutions provides containerboard and corrugated packaging to customers in industries like food, beverages, retail, and industrial sectors.
Presentations Electrolux Capital Markets Day 2014 - By Jan BrockmannElectrolux Group
Electrolux outlined its innovation strategy focused on modularization, global product development, and connectivity. Modularization aims to reduce costs and development time through standardized parts and modules. The company launched over 5 million products globally using modular architectures in laundry and food preservation. Electrolux also discussed its connectivity strategy to communicate with consumers through connected products and become integrated in the smart home ecosystem through partnerships like the AllSeen Alliance. Investment in innovation was said to expand margins and open new business models while operational excellence will be accelerated through continued modularization efforts.
Stora Enso reported financial results for the first quarter of 2017. Sales increased 2.1% to 2,497 MEUR, driven by ramp-up of new mills and higher volumes. Operational EBIT was 215 MEUR, impacted by lower paper and pulp prices and costs associated with the Beihai mill start-up. Cash flow from operations was 178 MEUR. The company expects sales and operational EBIT for Q2 2017 to be similar to Q1 levels. Transformation projects are progressing and expected to drive further sales growth going forward.
Stora Enso reported financial results for Q2 2017 with the following highlights:
- Sales were 2,528 MEUR, marginally higher than the previous year despite divestments. Excluding paper, sales grew 7.1% due to strategic investments and higher prices.
- Operational EBIT was 219 MEUR, similar to last year. The Beihai mill ramp-up negatively impacted results but is expected to reach break-even in Q4 2017.
- Net debt to operational EBITDA ratio improved to 2.0 from 2.2 last year due to strong cash flow generation despite dividend payments.
- Transformation projects contributed positively with the Beihai and Varkaus mills ahead of
- Stora Enso reported financial results for Q2 2016, with operational EBIT increasing 9.2% to €226 million driven by improved results in paper and wood products. The Beihai consumer board mill startup negatively impacted results but is ramping ahead of plan.
- Divestments of the Kabel, Suzhou and IL Recycling businesses were announced. The transformation of the business continues with investments in growth areas like Beihai and the Varkaus kraftliner ramp-up.
- The balance sheet continues to strengthen with net debt to EBITDA of 2.3x and operational ROCE of 10.3%, excluding impacts of the Beihai mill investment.
Through continued focus on our strategic priorities profitable growth, innovation and efficiency, we delivered favorable organic sales and earnings growth for the first quarter of 2016.
Presentations Electrolux Capital Markets Day 2014 - By Alberto ZanataElectrolux Group
At Electrolux capital markets day in Charlotte, North Carolina on November 20 2014, CEO Keith McLoughlin and other senior officers of the company presented a status update on the Group’s strategy as well as an overview of the current business environment and expectations for next year.
The SCA interim report was published on April 29 at approximately 8.00 CET. At the subsequent press conference CEO Jan Johansson held this presentation.
Consolidated net sales for the first quarter of 2013, excluding exchange rate effects and divestments, rose 20% compared with the same period a year ago. The increase is mainly attributable to acquisitions and higher volumes.
Operating profit excluding exchange rate effects and items affecting comparability rose 25%. The corresponding profit for Personal Care and Tissue rose 27% and 40%, respectively, while profit for Forest Products decreased by 22%. Forest Products includes positive earning effects of SEK 121m attributable to land swaps and negative exchange rate effects of approximately SEK 110m. Profit before tax, excluding exchange rate effects and items affecting comparability, rose 34%. The Group’s operating cash flow improved by 5%, to approximately SEK 1.9bn.
SCA is a leading global hygiene and forest products company. The Group develops and produces sustainable personal care, tissue and forest products. Sales are conducted in about 100 countries under many strong brands. The Group has about 36,000 employees and sales in 2012 amounted to SEK 85bn (EUR 9.8bn). Read more on www.sca.com.
Presentation European Home Improvement Monitor 2016Reinier Zuydgeest
This document summarizes the European Home Improvement Monitor research service. It conducts quarterly online surveys across 11 European countries to provide insights into consumer spending, purchasing behavior, and trends for 18 home improvement product categories. Subscribers can receive reports on a single country/category or all countries/categories. Reports include key insights on DIY/professional work, purchase channels, brand preferences, and category/country spending trends. Additional exclusive questions and quarterly themes like online buying are also covered. Subscription costs range from €2,600 to €20,000 depending on country/category coverage needed.
Kesko provided a roadshow presentation for Q3 2015. Key figures from 2014 include net sales of €9.07 billion and operating profit of €233 million. Kesko's main lines of business are grocery trade, home improvement and speciality goods trade, and car trade. Strategic objectives include turning around market share in Finnish grocery, increasing home improvement trade in Europe, and strengthening leadership in Finnish car trade. Kesko aims to be the most sustainable retailer through initiatives like being included in various sustainability indexes.
Presentations Electrolux Capital Markets Day 2014 - Jack TruongElectrolux Group
At Electrolux capital markets day in Charlotte, North Carolina on November 20 2014, CEO Keith McLoughlin and other senior officers of the company presented a status update on the Group’s strategy as well as an overview of the current business environment and expectations for next year.
2015 capital markets day presentation by rajah jayendranStora Enso
Rajah Jayendran is the SVP and Managing Director of Stora Enso's Guangxi Integrated Project and Operations in China. The first phase of the project involves building a consumer board mill in Guangxi province at a cost of EUR 800 million. Construction is underway and the mill is scheduled to begin operations in mid-2016. The project aims to leverage Stora Enso's global capabilities while developing local talent in Guangxi.
- SCA reported good organic growth in sales and operating profit in Q2 2015, with strong growth in emerging markets. Cash flow was also strong.
- Personal care sales grew 12% with 6% organic growth, driven by price increases, higher volumes, and cost savings. Tissue sales grew 15% with 4% organic growth.
- Operating profit increased for both personal care and tissue, despite higher raw material costs. Forest products profit grew 39% on higher prices and volumes.
- The report highlighted continued strategic priorities of efficiency, innovation, and profitable growth, with several new product launches and investments.
We have presented a report for the second quarter of 2014 with continued sales growth, higher earnings and a higher margin compared with the same period a year ago. During the quarter, several innovations and product launches were carried out under the Libero, Libresse, TENA and Tork brands. The efficiency programs in the hygiene and forest products operations continue to deliver cost savings according to plan. Our Tissue and Forest Products business areas showed significant earnings growth. Personal Care was negatively impacted by higher raw material costs and negative exchange rate effects in emerging markets.
Online grocery brick and mortar retailers. State of the art in Italy, but is ...Andrea Payaro
In contemporary entrepreneurial environment based on customer retention, the growth of the internet has pushed the most dynamic businesses to compete in the electronic market. The recent evolvement of the Internet as a new major distribution channel has obtained much attention, as the online channel calls the viability of traditional stationary retailing into question. Today, since innovation is a key factor in the Digital Age, the presence in the digital marketplace is essential for retailers, also in the food retailing. The paper aims to analyze the online commerce for food groceries and compare the evolution from 2017 to 2019. The sample represents the 99% of Italian brands of brick and mortar supermarkets and hypermarket. The first study was conducted in 2017, after two years the paper has analyzed the same sample and reported how many groceries retailers have adopted the online selling. Through the visit of every Internet site and some interviews to managers, this paper proposes the reasons why only a limited number of grocery brands sell food over Internet. Moreover this paper calculates the cost (in Italy) to prepare the expense and satisfy the order of a customer. Characteristics of goods (freshness, perishability, cold chain warranty, etc.), expensive operations needed to prepare the delivery, the cost of delivery, and difficult reverse logistics are the main causes of low adoption of e-commerce. Online groceries retailers are concentrated around big cities in particular in the north Italy (Milan, Turin, Genoa, etc.). Expense is prepared inside the retail by the employees. Some shops use the drive-in model and only a limited number of cases deliver to home. The few cases of food e-commerce offer the delivery only in a limited area of big cities. At the end, this paper demonstrates the logistics cost (picking, packing and transport) in Italy is higher than the price of the service and this strategy isn't profitable for companies.
Electrolux consolidated results 2016 - PresentationElectrolux Group
- Electrolux reported net sales of SEK 121 billion for full year 2016, with an EBIT margin of 5.2%.
- The company saw organic growth in EMEA, Asia/Pacific, and Professional, while Latin America was negatively impacted by weak market conditions.
- Earnings improved due to cost efficiencies, improved structural costs, and strong performance in most business areas, though Latin America continued to struggle.
- For Q1 2017, Electrolux expects negative impact from volume/price/mix and raw materials, but positive impact from net cost efficiency and currency. The outlook for full year 2017 is flat volume/price/mix and negative impact from raw materials.
- Revenues for Q1 2021 totaled EUR 334m, up 10.7% from Q1 2020. Orders received were also up year-over-year at EUR 369m.
- Gross profit was 37.2% of revenues, impacted by higher costs of customer deliveries due to logistical challenges. Operating expenses increased to support growth initiatives.
- Adjusted EBIT margin was 11.4%, up from 8.4% in Q1 2020. Net result increased 58.2% to EUR 21.2m.
South african surfactant market forecastanilwsaraf
The document summarizes the surfactants market in South Africa, analyzing key areas like household detergents and cleaning surfactants. It finds that while the market is growing slowly, opportunities exist. Most surfactants are imported with downstream products manufactured locally. It projects continued steady growth in the household detergent and cleaning market between 2015-2019, with revenues expected to reach $230 million by 2019. Competition is moderate and key players in the industry are addressed.
The document discusses linking a CEO's strategic plan to a board's ends policies in Policy Governance. It provides an overview of strategic planning and how a CEO can interpret the board's ends policies to develop strategic objectives, a business model, outputs, organizational design, and operational plans. An example is provided of how a hypothetical retailer "Mall Mart" could structure its strategic plan by interpreting the board's ends around financial conditions. The document emphasizes that a CEO's role is to translate the board's broad ends policies into specific, measurable definitions and plans to achieve the intended outcomes.
Samridhi Agri Products Pvt. Ltd. runs a dairy venture that provides livestock to ultra-poor families in India who cannot otherwise afford cattle. It currently operates in 12 villages with 23 cows and 54 goats owned. Samridhi is seeking ~3 crores in funding over 2 years to expand to 12 new clusters serving over 5,760 families. The funding will be used for infrastructure, livestock, and operating expenses. Samridhi's model provides livelihood enhancement and regular income for members through sustainable small-scale dairy businesses.
Summary: To have positive authority upon Information Security is one of the goals every organization should achieve. A CISO (Chief Information Security Officer) is the responsible person in the company who should protect the business from the IT infrastructure. CISO will lead a security professional team which will take care of all the security components within an IT infrastructure.
Presenter: This week’s presenter will be our partner Mr. Daniel Robles, President of Cyborg Consulting, a company involved with Information and Cyber Security consulting, training, auditing and coaching. He is an experienced trainer and consultant with more than 20 professional certificates gained from credible institutions.
Presentations Electrolux Capital Markets Day 2014 - By Jan BrockmannElectrolux Group
Electrolux outlined its innovation strategy focused on modularization, global product development, and connectivity. Modularization aims to reduce costs and development time through standardized parts and modules. The company launched over 5 million products globally using modular architectures in laundry and food preservation. Electrolux also discussed its connectivity strategy to communicate with consumers through connected products and become integrated in the smart home ecosystem through partnerships like the AllSeen Alliance. Investment in innovation was said to expand margins and open new business models while operational excellence will be accelerated through continued modularization efforts.
Stora Enso reported financial results for the first quarter of 2017. Sales increased 2.1% to 2,497 MEUR, driven by ramp-up of new mills and higher volumes. Operational EBIT was 215 MEUR, impacted by lower paper and pulp prices and costs associated with the Beihai mill start-up. Cash flow from operations was 178 MEUR. The company expects sales and operational EBIT for Q2 2017 to be similar to Q1 levels. Transformation projects are progressing and expected to drive further sales growth going forward.
Stora Enso reported financial results for Q2 2017 with the following highlights:
- Sales were 2,528 MEUR, marginally higher than the previous year despite divestments. Excluding paper, sales grew 7.1% due to strategic investments and higher prices.
- Operational EBIT was 219 MEUR, similar to last year. The Beihai mill ramp-up negatively impacted results but is expected to reach break-even in Q4 2017.
- Net debt to operational EBITDA ratio improved to 2.0 from 2.2 last year due to strong cash flow generation despite dividend payments.
- Transformation projects contributed positively with the Beihai and Varkaus mills ahead of
- Stora Enso reported financial results for Q2 2016, with operational EBIT increasing 9.2% to €226 million driven by improved results in paper and wood products. The Beihai consumer board mill startup negatively impacted results but is ramping ahead of plan.
- Divestments of the Kabel, Suzhou and IL Recycling businesses were announced. The transformation of the business continues with investments in growth areas like Beihai and the Varkaus kraftliner ramp-up.
- The balance sheet continues to strengthen with net debt to EBITDA of 2.3x and operational ROCE of 10.3%, excluding impacts of the Beihai mill investment.
Through continued focus on our strategic priorities profitable growth, innovation and efficiency, we delivered favorable organic sales and earnings growth for the first quarter of 2016.
Presentations Electrolux Capital Markets Day 2014 - By Alberto ZanataElectrolux Group
At Electrolux capital markets day in Charlotte, North Carolina on November 20 2014, CEO Keith McLoughlin and other senior officers of the company presented a status update on the Group’s strategy as well as an overview of the current business environment and expectations for next year.
The SCA interim report was published on April 29 at approximately 8.00 CET. At the subsequent press conference CEO Jan Johansson held this presentation.
Consolidated net sales for the first quarter of 2013, excluding exchange rate effects and divestments, rose 20% compared with the same period a year ago. The increase is mainly attributable to acquisitions and higher volumes.
Operating profit excluding exchange rate effects and items affecting comparability rose 25%. The corresponding profit for Personal Care and Tissue rose 27% and 40%, respectively, while profit for Forest Products decreased by 22%. Forest Products includes positive earning effects of SEK 121m attributable to land swaps and negative exchange rate effects of approximately SEK 110m. Profit before tax, excluding exchange rate effects and items affecting comparability, rose 34%. The Group’s operating cash flow improved by 5%, to approximately SEK 1.9bn.
SCA is a leading global hygiene and forest products company. The Group develops and produces sustainable personal care, tissue and forest products. Sales are conducted in about 100 countries under many strong brands. The Group has about 36,000 employees and sales in 2012 amounted to SEK 85bn (EUR 9.8bn). Read more on www.sca.com.
Presentation European Home Improvement Monitor 2016Reinier Zuydgeest
This document summarizes the European Home Improvement Monitor research service. It conducts quarterly online surveys across 11 European countries to provide insights into consumer spending, purchasing behavior, and trends for 18 home improvement product categories. Subscribers can receive reports on a single country/category or all countries/categories. Reports include key insights on DIY/professional work, purchase channels, brand preferences, and category/country spending trends. Additional exclusive questions and quarterly themes like online buying are also covered. Subscription costs range from €2,600 to €20,000 depending on country/category coverage needed.
Kesko provided a roadshow presentation for Q3 2015. Key figures from 2014 include net sales of €9.07 billion and operating profit of €233 million. Kesko's main lines of business are grocery trade, home improvement and speciality goods trade, and car trade. Strategic objectives include turning around market share in Finnish grocery, increasing home improvement trade in Europe, and strengthening leadership in Finnish car trade. Kesko aims to be the most sustainable retailer through initiatives like being included in various sustainability indexes.
Presentations Electrolux Capital Markets Day 2014 - Jack TruongElectrolux Group
At Electrolux capital markets day in Charlotte, North Carolina on November 20 2014, CEO Keith McLoughlin and other senior officers of the company presented a status update on the Group’s strategy as well as an overview of the current business environment and expectations for next year.
2015 capital markets day presentation by rajah jayendranStora Enso
Rajah Jayendran is the SVP and Managing Director of Stora Enso's Guangxi Integrated Project and Operations in China. The first phase of the project involves building a consumer board mill in Guangxi province at a cost of EUR 800 million. Construction is underway and the mill is scheduled to begin operations in mid-2016. The project aims to leverage Stora Enso's global capabilities while developing local talent in Guangxi.
- SCA reported good organic growth in sales and operating profit in Q2 2015, with strong growth in emerging markets. Cash flow was also strong.
- Personal care sales grew 12% with 6% organic growth, driven by price increases, higher volumes, and cost savings. Tissue sales grew 15% with 4% organic growth.
- Operating profit increased for both personal care and tissue, despite higher raw material costs. Forest products profit grew 39% on higher prices and volumes.
- The report highlighted continued strategic priorities of efficiency, innovation, and profitable growth, with several new product launches and investments.
We have presented a report for the second quarter of 2014 with continued sales growth, higher earnings and a higher margin compared with the same period a year ago. During the quarter, several innovations and product launches were carried out under the Libero, Libresse, TENA and Tork brands. The efficiency programs in the hygiene and forest products operations continue to deliver cost savings according to plan. Our Tissue and Forest Products business areas showed significant earnings growth. Personal Care was negatively impacted by higher raw material costs and negative exchange rate effects in emerging markets.
Online grocery brick and mortar retailers. State of the art in Italy, but is ...Andrea Payaro
In contemporary entrepreneurial environment based on customer retention, the growth of the internet has pushed the most dynamic businesses to compete in the electronic market. The recent evolvement of the Internet as a new major distribution channel has obtained much attention, as the online channel calls the viability of traditional stationary retailing into question. Today, since innovation is a key factor in the Digital Age, the presence in the digital marketplace is essential for retailers, also in the food retailing. The paper aims to analyze the online commerce for food groceries and compare the evolution from 2017 to 2019. The sample represents the 99% of Italian brands of brick and mortar supermarkets and hypermarket. The first study was conducted in 2017, after two years the paper has analyzed the same sample and reported how many groceries retailers have adopted the online selling. Through the visit of every Internet site and some interviews to managers, this paper proposes the reasons why only a limited number of grocery brands sell food over Internet. Moreover this paper calculates the cost (in Italy) to prepare the expense and satisfy the order of a customer. Characteristics of goods (freshness, perishability, cold chain warranty, etc.), expensive operations needed to prepare the delivery, the cost of delivery, and difficult reverse logistics are the main causes of low adoption of e-commerce. Online groceries retailers are concentrated around big cities in particular in the north Italy (Milan, Turin, Genoa, etc.). Expense is prepared inside the retail by the employees. Some shops use the drive-in model and only a limited number of cases deliver to home. The few cases of food e-commerce offer the delivery only in a limited area of big cities. At the end, this paper demonstrates the logistics cost (picking, packing and transport) in Italy is higher than the price of the service and this strategy isn't profitable for companies.
Electrolux consolidated results 2016 - PresentationElectrolux Group
- Electrolux reported net sales of SEK 121 billion for full year 2016, with an EBIT margin of 5.2%.
- The company saw organic growth in EMEA, Asia/Pacific, and Professional, while Latin America was negatively impacted by weak market conditions.
- Earnings improved due to cost efficiencies, improved structural costs, and strong performance in most business areas, though Latin America continued to struggle.
- For Q1 2017, Electrolux expects negative impact from volume/price/mix and raw materials, but positive impact from net cost efficiency and currency. The outlook for full year 2017 is flat volume/price/mix and negative impact from raw materials.
- Revenues for Q1 2021 totaled EUR 334m, up 10.7% from Q1 2020. Orders received were also up year-over-year at EUR 369m.
- Gross profit was 37.2% of revenues, impacted by higher costs of customer deliveries due to logistical challenges. Operating expenses increased to support growth initiatives.
- Adjusted EBIT margin was 11.4%, up from 8.4% in Q1 2020. Net result increased 58.2% to EUR 21.2m.
South african surfactant market forecastanilwsaraf
The document summarizes the surfactants market in South Africa, analyzing key areas like household detergents and cleaning surfactants. It finds that while the market is growing slowly, opportunities exist. Most surfactants are imported with downstream products manufactured locally. It projects continued steady growth in the household detergent and cleaning market between 2015-2019, with revenues expected to reach $230 million by 2019. Competition is moderate and key players in the industry are addressed.
The document discusses linking a CEO's strategic plan to a board's ends policies in Policy Governance. It provides an overview of strategic planning and how a CEO can interpret the board's ends policies to develop strategic objectives, a business model, outputs, organizational design, and operational plans. An example is provided of how a hypothetical retailer "Mall Mart" could structure its strategic plan by interpreting the board's ends around financial conditions. The document emphasizes that a CEO's role is to translate the board's broad ends policies into specific, measurable definitions and plans to achieve the intended outcomes.
Samridhi Agri Products Pvt. Ltd. runs a dairy venture that provides livestock to ultra-poor families in India who cannot otherwise afford cattle. It currently operates in 12 villages with 23 cows and 54 goats owned. Samridhi is seeking ~3 crores in funding over 2 years to expand to 12 new clusters serving over 5,760 families. The funding will be used for infrastructure, livestock, and operating expenses. Samridhi's model provides livelihood enhancement and regular income for members through sustainable small-scale dairy businesses.
Summary: To have positive authority upon Information Security is one of the goals every organization should achieve. A CISO (Chief Information Security Officer) is the responsible person in the company who should protect the business from the IT infrastructure. CISO will lead a security professional team which will take care of all the security components within an IT infrastructure.
Presenter: This week’s presenter will be our partner Mr. Daniel Robles, President of Cyborg Consulting, a company involved with Information and Cyber Security consulting, training, auditing and coaching. He is an experienced trainer and consultant with more than 20 professional certificates gained from credible institutions.
This document outlines a two-phase vision to create a virtual entertainment organization. Phase 1 involves forming a leadership team, establishing the organization legally, appointing team leaders, and producing an initial film on a volunteer basis. Phase 2 plans to produce additional films and games, open virtual offices globally, hire professionals, expand services, and develop futuristic applications to provide collaborative opportunities worldwide. The overall goal is to establish an innovative platform bringing creative people together from around the globe.
The document describes the BITSAA Leadership Program, which aims to identify passionate alumni of BITS Pilani university and develop them as future leaders of BITSAA, the global alumni association. The program provides opportunities for alumni to showcase their leadership abilities and give back to the alumni community. Participants can work on cross-functional teams across time zones to implement ideas and initiatives. The document outlines the various roles and teams that alumni can join, including technology, communications, fundraising and more. It encourages applications from graduates interested in connecting with other successful alumni and contributing to BITS Pilani.
Virtual certificates provide merchants with opportunities for increased exposure, repeat customers, and new prospects through a small fee, allowing the company to offer free account replenishment, unlimited transactions, and greater security without gateway fees for users. The document also includes organizational charts outlining the hierarchy and departments under the CEO, COO, CTO, CMO, and CFO as well as a development flow chart.
The document appears to be an agenda and presentation materials for a speed dating seminar hosted by Des O'Connor, a relationship life coach. The agenda includes an introduction, a session on differences in how men's and women's brains cope with stress, a first round of speed dating, dinner, a second round of speed dating, and mingling in the bar afterward. The presentation materials provide more details on how men tend to solve problems independently while women prefer talking about problems as a way to feel better and strengthen trust and intimacy in a relationship.
This document discusses designing an exit strategy for software as a service (SaaS) companies. It provides an overview of recent European SaaS exits, including trends in exit types, buyer locations and types, company ages and sizes, funding status, and country-level exits. It also includes case studies of three European SaaS companies that were acquired: Endomondo, TextLocal, and Wunderlist. The document concludes with tips for achieving an exit, such as being proactive, developing relationships with potential buyers, considering timing, and potentially hiring an advisor.
CEO/CFO certification requires the CEO and CFO to attest that financial statements fairly represent the company's financial condition and internal controls are effective. False certification can result in civil penalties, SEC charges, and criminal prosecution as seen in cases like Enron, HealthSouth, and Satyam. Strict compliance is needed as certification establishes management responsibility for financial reporting accuracy and transparency.
Male vs. Female Gender Marketing Insights
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The document discusses several key differences between male and female brains and thinking patterns. It notes that men tend to think more with the gray matter of the brain while women think more with the white matter. Additionally, the document outlines differences in how men and women communicate, process language, experience pain, and prioritize various thoughts.
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Lunch with Valmet's CFO on March 17, 2016: Valmet - unique offering with proc...Valmet Oyj
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For the last time, Ahlstrom and Munksjö reported their interim results (Q1/2017) separately. Both companies increased their net sales and profitability.
Orders received, net sales and profitability increased in the first quarter of 2016 compared to the same period in 2015. Orders received were up 38% and net sales increased 16%, while comparable EBITA rose 61%. The order backlog was 7% higher than a year ago. Profitability improved but was below targeted levels. Orders and sales increased in the stable businesses of services and automation.
Klöckner & Co AG reported very successful full year 2006 results, driven by strong performance in both its European and North American segments. Key highlights included achieving all financial targets, completing several acquisitions that added over €275 million in sales, fully implementing the STAR business optimization program, and proposing a dividend of €0.80 per share. For 2007, the company expects at least 10% sales growth from acquisitions and organic growth, and for EBITDA to remain around 2006 levels, assuming continued positive economic conditions.
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This document discusses two divisions of Neenah, Inc.: Premium Paper & Packaging and Technical Products. Premium Paper & Packaging focuses on image-oriented graphic papers for premium print communications and luxury packaging. Technical Products focuses on performance-based specialty products for filtration, industrial backings, and labels. Both divisions have experienced growing net sales and operating profit percentages in recent years through organic growth and acquisitions. The document provides details on markets, strategies, financials, and growth opportunities for each division.
Kesko is a Finnish retail group operating in grocery trade, building and technical trade, and car trade. In Q3/2016, Kesko had net sales of €9.6 billion, operating profit of €269 million, and ROCE of 12.5%. Kesko operates in 9 countries and has over 45,000 employees. Kesko's divisions include grocery stores, building material stores, and car dealerships. Kesko is pursuing growth through expanding its grocery operations in Finland, growing its building and technical trade in Europe, and expanding its car trade in Finland. Kesko is also working to improve profitability through cost savings programs and synergies from acquisitions.
Klöckner & Co SE Analysts' and Investors' Presentation Q1 2016Klöckner & Co SE
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More at https://www.kloeckner.com/en/dl/KCO/Kloeckner_Co_PressRelease_Q12016.pdf
Ahlstrom-Munksjö has a leading position in several product segments e.g. engine filters, abrasive backings, electrotechnical insulations, decor papers etc. Our ambition is to move up in value chain fast-moving consumer good and life science diagnostics. www.ahlstrom-munksjo.com
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Presentation material at the news conference on February 6, 2015.
Highlights of the fourth quarter of 2016
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Sales increased by 1%. Organic sales declined by 3%, while currency translation had a positive impact of 4% on net sales.
Operating income improved to SEK 1,616m (-202), corresponding to a margin of 5.0% (-0.6).
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Similar to CEO Marco Levi's and CFO Sakari Ahdekivi's presentation (20)
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2. Agenda
Year 2015 in brief
Redefined strategy and new long-term financial targets
Financials 2015
April 5, 2016 Annual General Meeting 2016 2
3. Executive Management Team as of January 1, 2016
April 5, 2016
CEO
Marco Levi
CFO
Sakari Ahdekivi
EVP,
Filtration &
Performance
Fulvio Capussotti
EVP,
Procurement
& Group
Technology
Jari
Koikkalainen
EVP,
Specialties
Omar Hoek
EVP,
Human
Resources
Päivi Leskinen
EVP, Legal &
General
Counsel
Ulla Bono
* Member of the extended Executive Management Team
VP,
Communications
Satu Perälampi*
Annual General Meeting 2016 3
4. Year 2015 in brief
April 5, 2016 Annual General Meeting 2016
Highlights
+ Highest operating profit and margin in the current business portfolio of the company
+ Commercial excellence program yielding results
+ Stronger balance sheet through improved cash flow, driven by lower investments and
increased profitability, and sale of non-core financial assets
+ Strategy review process completed
Lowlights
- Decline in net sales at constant currency rates due lower demand for engine filtration,
particularly in North America and Asia, and wallcoverings in Europe/Russia
4
5. Key figures
April 5, 2016 Annual General Meeting 2016
EUR million 2015 2014 Change, %
Net sales 1,074.7 1001.1 7.4
EBITDA excl. NRI 104.8 78.6 33.2
% of net sales 9.7 7.9
Operating profit excl. NRI 47.5 28.6 66.1
% of net sales 4.4 2.9
Gearing* 65.4 79.3
ROCE, % 3.9 -0.5
EBITDA = earnings before interest, taxes, depreciation and amortization
* Including discontinued operations in 2014
NRI = non-recurring item
5
• Improved margins through better commercial excellence
• Lower selling, general and administrative (SG&A) costs
6. Filtration
April 5, 2016 Annual General Meeting 2016
Net sales EUR 431.6 million in 2015 (EUR 402.8 million)
• Net sales +7.2%: volumes -6.7%, comparable net sales
-3.1%
• Increased selling prices and improved product mix
through sale of more advanced filtration products
• Lower sales of engine filtration applications, particularly in
North America and Asia in the second half of 2015
Operating profit ex. NRI EUR 41.7 million in 2015
(EUR 41.2 million)
• Improved pricing
• Lower volumes
MEUR
MEUR
402.8
431.6
0
100
200
300
400
500
2014 2015
Net sales
41.2 41.7
0
10
20
30
40
50
2014 2015
Operating profit excl. NRI
6
7. Building and Energy
Net sales EUR 308.5 million in 2015 (EUR 288.2 million)
• Net sales +7.0%: volumes +1.3%, comparable net sales
+7.1%
• Higher selling prices of flooring, glassfiber reinforcements
and specialty nonwoven products
• Accelerated ramp-up of the wallcoverings production in
China
• Lower sales of wallcoverings in Europe and Russia
Operating profit ex. NRI EUR -3.1 million in 2015
(EUR -8.3 million)
• Higher volumes and selling prices
• Lower fixed costs
April 5, 2016 Annual General Meeting 2016
288.2
308.5
0
100
200
300
400
2014 2015
Net sales
-8.3
-3.1
-10
-8
-6
-4
-2
0
2
2014 2015
Operating profit excl. NRIMEUR
MEUR
7
8. Food and Medical
April 5, 2016 Annual General Meeting 2016
Net sales EUR 354.4 million in 2015 (EUR 320.9 million)
• Net sales +10.4%: volumes -2.0%, comparable net sales
-1.9%
• Higher sales of food packaging materials, tape products
from the Longkou plant
• Lower sales of medical fabrics and tea bag materials
Operating profit ex. NRI EUR 12.5 million in 2015
(EUR 6.4 million)
• Improved pricing and product mix
• Lower fixed and raw material costs
• Lower volumes
320.9
354.4
0
100
200
300
400
2014 2015
Net sales
6.4
12.5
0
2
4
6
8
10
12
14
2014 2015
Operating profit excl. NRIMEUR
MEUR
8
10. We are our customers’ first choice
for fiber-based materials.
Our vision:
April 5, 2016 Annual General Meeting 2016 10
11. Trends and
drivers
A dynamic environment steers our product offering
April 5, 2016
Growing global
population and
scarcity of
resources
Increased
demand for
greener and
resource-
efficient
materials
Emerging needs
in healthcare
Changes in
demographics
and urbanization
The needs of our customers are affected by end-user behavior, which challenges us to
constantly develop and improve fiber-based material solutions.
Annual General Meeting 2016 11
12. Our key success factors stem from our customer-driven
offering and processes
April 5, 2016
Customer-focused solutions with tailor-made products
Leading technology and manufacturing platforms
Global reach and local insights
A customer-
driven
product
offering for
sustainable
and high-
performance
end use
Annual General Meeting 2016 12
13. Innovation continues to be a key success factor
Specimen
collection cards
Compostable food
packaging
Single-use coffee
pods and capsules
• Ahlstrom NatureMold™
• Biodegradable materials
substituting aluminum
and plastic alternatives
April 5, 2016 Annual General Meeting 2016 13
• Ahlstrom GenCollect™
• Easy and cost effective
solutions for collecting
DNA samples
• Perfect taste and aroma
with compostable
materials
• In 2015, R&D expenditure EUR 20.9 million, or 1.9% of net sales (EUR 17.5 million, or 1.7%
of net sales, in 2014).
• Product development reorganized to be better aligned with customer needs and faster go-to-
market approach
14. We provide innovative
fiber-based materials with
a function in everyday life.
Our mission:
April 5, 2016 Annual General Meeting 2016 14
15. Roadmap for 2015-2018 outlines shift in strategy
Commercial excellence
New lean operating model
Organic growth via higher asset turnover
Growth via new platforms
2015 2018
April 5, 2016 Annual General Meeting 2016 15
16. Simplified business structure enables us to focus better on our
customer’s needs
April 5, 2016
2014 2015 2016
Advanced Filtration
Building and Energy
Food
Medical
Transportation
Filtration
Filtration
Building and Energy
Food and Medical
Filtration &
Performance
Specialties
Annual General Meeting 2016 16
17. Filtration & Performance: increased customer and selling
focus
17
Business unit Strategy Customers Applications
Engine & Industrial Grow
• Heavy duty and automotive OEMs and
suppliers
• Gas turbine power generators
• Oil filtration
• Fuel filtration
• Air filtration
• Gas turbine filtration
• Industrial filtration
Building & Wind* Maintain
• Construction materials and flooring
producers
• Wind turbine manufacturers
• Boat builders
• Flooring
• Wind turbines
• Boat building
• Pipe coatings
Industrial Non-wovens Grow
• Automotive suppliers
• Construction materials suppliers
• Textiles industry
• Hygiene and wound care product
manufactures
• Laundry care suppliers
• Automotive Interiors
• Plasterboard and
furniture surfaces
• Textiles
• Laundry care
• Hygiene and wound care
• Wipes
Wallcover & Poster Fix • Wallcover and poster printers
• Wallcovers
• Posters
* Ahlstrom has agreed to divest its Building & Wind business, the transaction is expected to be
completed during the first half of 2016.April 5, 2016
18. Specialties: Accelerate growth in strategic segments and
improve customer experience
18
Business unit Strategy Customers Applications
Foodpack &
Beverage Grow
• Converters and brand owners in food
packaging
• Food and ready-made meals
packaging
• Baking and wrapping papers
• Tea bags and coffee capsules
• Meat casings
Advanced Liquid
Technologies
Grow
• Laboratory consumable and equipment
distributors
• Life science instrument and materials
manufacturers
• Water purification equipment
manufactures
• Laboratory and
micro filtration
• Life science and diagnostics
• Residential and industrial
water purification
Tape Grow • Masking tape manufacturers
• Masking tape for construction
and automotive industries,
specialty masking tape
Medical Fix
• Marketers and converters in the health
care industry
• Sterile barrier systems
• Drapes and gowns
• Facemasks
April 5, 2016 Annual General Meeting 2016
19. We are committed to growing
and creating stakeholder value
by providing the best performing
sustainable fiber-based materials.
Our strategic intent:
April 5, 2016 Annual General Meeting 2016 19
20. Long-term financial targets over the economic cycle
Adjusted operating profit margin*
to be above 8% by 2018
Operating
profit margin
Gearing to be maintained below 100%Gearing
We aim for a stable dividend, increasing over
time, based on the annual net income
performance
Dividend policy
* The adjusted operating margin excludes restructuring costs, impairment charges, capital gains or losses,
and discontinued operations.
April 5, 2016 Annual General Meeting 2016 20
21. Restated key figures for continuing operations for 2015
Filtration &
Performance
SpecialtiesAhlstrom Group*
• Net sales:
EUR 991.6 million
• Adjusted operating
profit**:
EUR 41.6 million, or
4.2% of net sales
21
• Net sales:
EUR 592.5 million
• Adjusted operating
profit**:
EUR 22.4 million, or
3.8% of net sales
• Net sales:
EUR 418.5 million
• Adjusted operating
profit**:
EUR 25.7 million, or
6.1% of net sales
* Excluding the Building & Wind business unit, which is reported in discontinued operations.
** Excluding restructuring costs, impairment charges and capital gains or losses.
22. Outlook for 2016*
Continuing operations
April 5, 2016 Annual General Meeting 2016
Net sales from continuing operations: EUR 950-1,050 million.
The adjusted operating profit from continuing operations: 4.2% - 5.2% of net sales.
• The outlook excludes the Building & Wind business unit, which will be reported as
part of discontinued operations starting from the beginning of 2016. The adjusted
operating profit excludes restructuring costs, impairment charges and capital gains
or losses.
* Published on January 29, 2016.
22
24. Income statement
April 5, 2016 Annual General Meeting 2016
EUR million 2015 2014
Net sales 1,074.7 1,001.1
Cost of goods sold -910.0 -855.0
Gross profit 164.8 146.1
Sales, administrative and research &
development expenses (SG&A) -137.5 -141.0
Other income and expenses -5.4 -8.9
Operating profit 21.9 -3.7
Operating profit excl. NRI 47.5 28.6
Net financial expenses 0.6 -5.8
Share of profit / loss of equity accounted
investments 0.2 0.1
Profit / loss before taxes 22.6 -9.4
Income taxes -14.1 -0.9
Profit / loss for the period 8.6 -10.3
Earnings per share 0.06 -0.22
Non-recurring items:
• EUR -25.6 million in 2015
(EUR -32.3 million in 2014).
SG&A costs excl. NRI were:
• 12.3% of net sales in 2015 (13.2%
in 2014)
Net financials include a capital gain
of EUR 20.3 million from selling
Munksjö Oyj shares in 2015. (EUR
14.6 million gain in 2014.)
Enhanced pricing reflected in gross
profit: 16.4% vs 15.7% excluding
NRIs
24
25. Balance sheet
April 5, 2016 Annual General Meeting 2016
Changes in equity was mainly due to:
• Fair value reserve reduced due to
the sale of Munksjö shares
Includes EUR 100 million hybrid
bond
Currency fluctuations impacted all
balance sheet components
• Working capital turnover rate
decreased by one day to 45 days
Shareholding in Munksjö Oyj was
reduced to zero percent in 2015
EUR million Dec. 31, 2015 Dec. 31, 2014
Total non-current assets 519.2 599.3
Inventories 117.6 108.1
Trade and other receivables 151.9 170.7
Income tax receivables 1.6 1.7
Cash and cash equivalents 47.3 41.4
Total assets 837.8 921.1
Total equity 299.4 320.1
Provisions 7.9 11.6
Interest bearing loans and borrowings 243.3 295.2
Employee benefit obligations 100.3 96.0
Trade and other payables 183.5 194.0
Others 3.5 4.2
Total equity and liabilities 837.8 921.1
Gearing, % 65.4 79.3
25
26. EUR million 2015 2014*
EBITDA 96.4 76.8
Changes in net working capital 1.2 -5.8
Change in provisions -2.2 3.2
Financial items -25.6 -26.5
Income taxes paid / received -3.0 -4.4
Other items -6.9 -7.8
Net cash from operating activities 60.0 35.4
Purchases of intangible and tangible assets -26.9 -56.4
Other investing activities 49.0 77.9
Net cash from investing activities 22.1 21.5
Dividends paid and others -13.9 -4.6
Sales/repurchase of own shares 3.1 -
Interest on hybrid bond -7.9 -7.9
Changes in loans and other financing activities -56.4 -42.4
Net cash from financing activities -75.1 -54.8
Net change in cash and cash equivalents 6.9 2.1
Cash and cash equivalents at the beginning of the period 41.4 38.7
Cash and cash equivalents at the end of the period 47.3 41.4
Statement of cash flows
April 5, 2016 Annual General Meeting 2016
Mainly maintenance-related capex
Highest annual operating cash flow
since 2012.
EUR 44.4 million proceeds from
selling Munksjö Oyj shares in 2015.
*Including discontinued operations
26
In 2014, dividend partially paid in
Munksjö Oyj shares.
27. Net debt and gearing*
Net debt reduced by operating cash flow
April 5, 2016 Annual General Meeting 2016
348.9
294.5
285.6
291.7
281.3 283.3 289.7
253.8 254.0
233.8
203.7
195.9
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
125
150
175
200
225
250
275
300
325
350
375
Q1/13 Q2/13 Q3/13 Q4/13 Q1/14 Q2/14 Q3/14 Q4/14 Q1/15 Q2/15 Q3/15 Q4/15
MEUR
Interest bearing net liabilities Gearing ratio, %
Gearing 65.4% at the end of
2015
• Net debt reduced by strong
operating cash flow and the
sale of Munksjö Oyj shares
• Equity negatively impacted
by asset impairment charges
* Including discontinued operations
27
28. Maturity profile
Stable liquidity - No major maturities in 2016
April 5, 2016 Annual General Meeting 2016 28
• EUR 180 million three-year revolving
credit facility signed in June 2015. The
facility includes two 12-month
extension options.
• At the end of the review period, its total
liquidity, including cash, unused
committed credit facilities and
committed cash pool overdraft limits
was EUR 299.0 million (EUR 300.3
million).
• In addition, the company had undrawn
uncommitted credit facilities and cash
pool overdraft limits of EUR 103.6
million (EUR 129.5 million) available.
• Liquidity has remained good also in the
early part of 2016.
0
25
50
75
100
125
150
175
200
225
2016 2017 2018 2019
Mid-term / long-term loans Undrawn credit facilities EUR 100 million bond (Issued in 2014)