Kesko is a Finnish retail company with operations in eight countries and over 50,000 employees. In 2015, Kesko had net sales of €8.6 billion and operating profit of €250 million. Kesko operates in grocery trade, home improvement and speciality goods trade, and car trade. The company's strategic growth areas include increasing market share in Finnish grocery trade, expanding building and technical trade in Europe, and growing B2B sales. Kesko is progressing on strategy implementation through initiatives like acquiring Suomen Lähikauppa and Onninen to strengthen its grocery and building/technical trade businesses.
Roadshow Presentation W10 2010 Final 100304BE Group Eesti
BE Group Eesti on BE Group’i tütarfirma, mis on Skandinaaviamaades juhtiv terast, roostevaba terast ja alumiiniumi turustav ning erinevaid teenuseid pakkuv äriühing, mille tegevus laieneb Kesk- ja Ida-Euroopasse. Sõltumatu firmana pakume tööstusettevõtetele terase, roostevaba terase ning alumiiniumtoodete eeltöötlust ja turustamist
Article from CSIL magazine "World Furniture - International Market Review" nr.69 March/2016 providing an overview of the furniture global market in 2016.
This presentation looks at manufacturing sales by segments including automotive, food processing, forestry, oil and gas as well as other sectors.
The presentation will also discuss areas like PMI as well as Industrial Capacity.
Roadshow Presentation W10 2010 Final 100304BE Group Eesti
BE Group Eesti on BE Group’i tütarfirma, mis on Skandinaaviamaades juhtiv terast, roostevaba terast ja alumiiniumi turustav ning erinevaid teenuseid pakkuv äriühing, mille tegevus laieneb Kesk- ja Ida-Euroopasse. Sõltumatu firmana pakume tööstusettevõtetele terase, roostevaba terase ning alumiiniumtoodete eeltöötlust ja turustamist
Article from CSIL magazine "World Furniture - International Market Review" nr.69 March/2016 providing an overview of the furniture global market in 2016.
This presentation looks at manufacturing sales by segments including automotive, food processing, forestry, oil and gas as well as other sectors.
The presentation will also discuss areas like PMI as well as Industrial Capacity.
Good news for the Spanish furniture industry, as figures for 2013 reveal an encouraging trends towards the increase of exports ((+15.4%) and diversification of markets. Exports of made in Spain furnishing products keep on growing to traditional markets (France, Portugal, Germany and United Kingdom) as well as to Russia, the U.S.A., the MENA Region and to some Latin American countries: Mexico, Brasil, Chile and Panamá. Let’s discover more…
This catalogue presents CSIL multiclient reports recently issued and forthcoming in 2015. Multiclient reports are off-the-shelf studies for immediate delivery. The segments covered by CSIL multiclient reports are: Home furniture, Upholstered furniture and Mattresses, Contract and Luxury furniture, Office furniture and Workspace, Kitchen and Bathroom furniture, Semifinished products & components.
The reports analyse the markets, supply and demand structure, import and export flows, distribution channels, competitive system and market shares of the leading companies in 70 countries worldwide. For more information and for purchase and immediate download visit us at:
www.worldfurnitureonline.com
CSIL also works on a customized research basis, carrying
out market research to meet the specific needs of the clients. Customized research is based on a multidisciplinary approach, using both desk and field analysis. Some topics: Overview of new markets - industry competition analysis - market entry strategies - forecasting - analysis of product trends - analysis of technological trends - trade satisfaction - partner research - strategic consultancy for manufacturing clusters - competitive positioning analysis - design strategy. Please contact us at: csil@csilmilano.com
For the last time, Ahlstrom and Munksjö reported their interim results (Q1/2017) separately. Both companies increased their net sales and profitability.
http://www.worldfurnitureonline.com/PDF/WFR-Magazine60.pdf
SCENARIO
EU FURNITURE SECTOR. INTEGRATION AND COMPETITIVENESS ON FOREIGN MARKETS - A quarter of the world’s furniture production originates in the EU even if with the presence of fast growing consumption areas at a global level, the eu market still accounts for around one quarter of world furniture consumption... read more
BEDDING & UPHOLSTERY
UPHOLSTERY FURNITURE WORLDWIDE - World consumption of upholstered furniture (valued at production prices, excluding markup) is worth US$ 63 billion. The largest markets are China, the US, Germany and the UK. Upholstered furniture accounts for about 15% of totalworld furniture...
UK BED MARKET 2013 - ... it has been an interesting year for the UK bed market... read more
INNOVATIVE PRODUCTS & VISIONS
SMART STREETS - There is plenty of room for energy savings in public lighting and this was the starting point for the European SETPLAN for smart cities ...
4% OF THE LIGHTING FIXTURES SOLD ONLINE - E-commerce sales of lighting fixtures started approximately in the year 2000 and doubled during the last five years ... read more
FAIRS & EXHIBITIONS
• CIFF - Guangzhou • FURNITURE CHINA - Shanghai • KIFF - Kyiv
• LIGHT+BUILDING - Frankfurt • MEBLE POLSKA - Poznan • MIFF - Kuala Lumpur ... read more
FURTHER CONTENTS Contract - Gruppo Margaritelli • Outdoor • Marble & Natural Stone • Ecological Mirrors & Glass - Saint Gobain • Global Handicrafts • Wood-based Panels - EPF • E-Commerce - MADE.COM • Components - Sueddekor - Grass
World Furniture – International Market Review is published by CSIL, Centre for Industrial Study
www.worldfurnitureonline.com
www.csilmilano.com
World Furniture – International Market Review is a quarterly
review of economic information and market analysis. This magazine offers contributions on international furniture and furnishing markets, demand and supply, retail and consumption, business trade country profiles trade, profiles, competitive systems, international events,
fairs and exhibitions.
Print issue is mailed to a selected target of 2000 manufacturers and suppliers in the world's main producing, exporting and consuming countries. World Furniture is also circulated at major international sector fairs.
http://www.worldfurnitureonline.com/showPage.php?template=reports&masterPage=Magazine/World-Furniture.html&id=5747
CONCEPT & CONTENTS
World Furniture is a quarterly review of economic information and market analysis published by CSIL. The magazine is issued in English and offers contributions on international furniture and furnishing markets, demand and supply, retail and consumption, business trade, country profiles, competitive systems, international events, fairs and exhibitions.
SPECIAL REPORTS and FOCUS
A 'Special Report' and a 'Focus' are included in each issue, offering in-depth analyses of manufacturing segments with their markets of reference, trends and perspectives on the global competitive scenario.
CIRCULATION
Each print issue is mailed to a selected target of 2000 manufacturers and suppliers in the world's main producing, exporting and consuming countries. World Furniture is also circulated at major international fairs in the sectors of reference.
BREAKDOWN OF CIRCULATION BY SEGMENTS:
60% Furniture manufacturers (kitchen, office, upholstery, bedroom, dining and living room, bathroom, outdoor). Producers of lighting fixtures, appliances, interior decoration.
30% Suppliers of parts, components, fittings and accessories to the furniture industry. Producers of woodworking machines and industrial automation systems.
10% Trade Associations, Press Offices, Fairs and Exhibitions.
BREAKDOWN OF CIRCULATION BY MACROAREAS:
55% Western Europe, Central-Eastern Europe, Russia
30% China, India, South-East Asia, Japan
10% United States, Canada, Mexico, South America
5% Middle-East, North Africa, Australia
EDITORIAL PROGRAMME 2013
World Furniture No. 61/March 2014
World Furniture No. 62/June 2014
World Furniture No. 63/September 2014
World Furniture No. 64/December 2014
Martin Andersson: Sustainable financial system 120913Global Utmaning
A presentation held by Mr Martin Andersson, Director General Finansinspektionen, at the high level seminar "Towards a sustainable financial system" hosted by the Stockholm based think tank Global Challenge in cooperation with London School of Economics and The Swedish House of Finance on September 12th 2013.
Using Real-Time Financial Benchmarks to Drive Dynamic Decision-Making and Act...Niels Pflaeging
Slides for the Proformative webinar
"Using Real-Time Financial Benchmarks to Drive Dynamic Decision-Making and Action"
by Niels Pflaeging, BetaCodex Network
From fixed to relative performance contracts - Keynote by Niels Pflaeging at ...Niels Pflaeging
From fixed to relative performance contracts
and towards simple, ethical and empowering ways
of dealing with value creation
Sydney, 15.10.2015
Cubewise Performance Management Leadership Forum
@NielsPflaeging
Beyond Budgeting: Leading with Flexible Targets. 2-day seminarNiels Pflaeging
Slides from 2-day Beyond Budgeting seminar in Kuala Lumpur, Malaysia
The slides a re not entirely self-explaining. See the BetaCodex Network´s white papers for further detail.
Good news for the Spanish furniture industry, as figures for 2013 reveal an encouraging trends towards the increase of exports ((+15.4%) and diversification of markets. Exports of made in Spain furnishing products keep on growing to traditional markets (France, Portugal, Germany and United Kingdom) as well as to Russia, the U.S.A., the MENA Region and to some Latin American countries: Mexico, Brasil, Chile and Panamá. Let’s discover more…
This catalogue presents CSIL multiclient reports recently issued and forthcoming in 2015. Multiclient reports are off-the-shelf studies for immediate delivery. The segments covered by CSIL multiclient reports are: Home furniture, Upholstered furniture and Mattresses, Contract and Luxury furniture, Office furniture and Workspace, Kitchen and Bathroom furniture, Semifinished products & components.
The reports analyse the markets, supply and demand structure, import and export flows, distribution channels, competitive system and market shares of the leading companies in 70 countries worldwide. For more information and for purchase and immediate download visit us at:
www.worldfurnitureonline.com
CSIL also works on a customized research basis, carrying
out market research to meet the specific needs of the clients. Customized research is based on a multidisciplinary approach, using both desk and field analysis. Some topics: Overview of new markets - industry competition analysis - market entry strategies - forecasting - analysis of product trends - analysis of technological trends - trade satisfaction - partner research - strategic consultancy for manufacturing clusters - competitive positioning analysis - design strategy. Please contact us at: csil@csilmilano.com
For the last time, Ahlstrom and Munksjö reported their interim results (Q1/2017) separately. Both companies increased their net sales and profitability.
http://www.worldfurnitureonline.com/PDF/WFR-Magazine60.pdf
SCENARIO
EU FURNITURE SECTOR. INTEGRATION AND COMPETITIVENESS ON FOREIGN MARKETS - A quarter of the world’s furniture production originates in the EU even if with the presence of fast growing consumption areas at a global level, the eu market still accounts for around one quarter of world furniture consumption... read more
BEDDING & UPHOLSTERY
UPHOLSTERY FURNITURE WORLDWIDE - World consumption of upholstered furniture (valued at production prices, excluding markup) is worth US$ 63 billion. The largest markets are China, the US, Germany and the UK. Upholstered furniture accounts for about 15% of totalworld furniture...
UK BED MARKET 2013 - ... it has been an interesting year for the UK bed market... read more
INNOVATIVE PRODUCTS & VISIONS
SMART STREETS - There is plenty of room for energy savings in public lighting and this was the starting point for the European SETPLAN for smart cities ...
4% OF THE LIGHTING FIXTURES SOLD ONLINE - E-commerce sales of lighting fixtures started approximately in the year 2000 and doubled during the last five years ... read more
FAIRS & EXHIBITIONS
• CIFF - Guangzhou • FURNITURE CHINA - Shanghai • KIFF - Kyiv
• LIGHT+BUILDING - Frankfurt • MEBLE POLSKA - Poznan • MIFF - Kuala Lumpur ... read more
FURTHER CONTENTS Contract - Gruppo Margaritelli • Outdoor • Marble & Natural Stone • Ecological Mirrors & Glass - Saint Gobain • Global Handicrafts • Wood-based Panels - EPF • E-Commerce - MADE.COM • Components - Sueddekor - Grass
World Furniture – International Market Review is published by CSIL, Centre for Industrial Study
www.worldfurnitureonline.com
www.csilmilano.com
World Furniture – International Market Review is a quarterly
review of economic information and market analysis. This magazine offers contributions on international furniture and furnishing markets, demand and supply, retail and consumption, business trade country profiles trade, profiles, competitive systems, international events,
fairs and exhibitions.
Print issue is mailed to a selected target of 2000 manufacturers and suppliers in the world's main producing, exporting and consuming countries. World Furniture is also circulated at major international sector fairs.
http://www.worldfurnitureonline.com/showPage.php?template=reports&masterPage=Magazine/World-Furniture.html&id=5747
CONCEPT & CONTENTS
World Furniture is a quarterly review of economic information and market analysis published by CSIL. The magazine is issued in English and offers contributions on international furniture and furnishing markets, demand and supply, retail and consumption, business trade, country profiles, competitive systems, international events, fairs and exhibitions.
SPECIAL REPORTS and FOCUS
A 'Special Report' and a 'Focus' are included in each issue, offering in-depth analyses of manufacturing segments with their markets of reference, trends and perspectives on the global competitive scenario.
CIRCULATION
Each print issue is mailed to a selected target of 2000 manufacturers and suppliers in the world's main producing, exporting and consuming countries. World Furniture is also circulated at major international fairs in the sectors of reference.
BREAKDOWN OF CIRCULATION BY SEGMENTS:
60% Furniture manufacturers (kitchen, office, upholstery, bedroom, dining and living room, bathroom, outdoor). Producers of lighting fixtures, appliances, interior decoration.
30% Suppliers of parts, components, fittings and accessories to the furniture industry. Producers of woodworking machines and industrial automation systems.
10% Trade Associations, Press Offices, Fairs and Exhibitions.
BREAKDOWN OF CIRCULATION BY MACROAREAS:
55% Western Europe, Central-Eastern Europe, Russia
30% China, India, South-East Asia, Japan
10% United States, Canada, Mexico, South America
5% Middle-East, North Africa, Australia
EDITORIAL PROGRAMME 2013
World Furniture No. 61/March 2014
World Furniture No. 62/June 2014
World Furniture No. 63/September 2014
World Furniture No. 64/December 2014
Martin Andersson: Sustainable financial system 120913Global Utmaning
A presentation held by Mr Martin Andersson, Director General Finansinspektionen, at the high level seminar "Towards a sustainable financial system" hosted by the Stockholm based think tank Global Challenge in cooperation with London School of Economics and The Swedish House of Finance on September 12th 2013.
Using Real-Time Financial Benchmarks to Drive Dynamic Decision-Making and Act...Niels Pflaeging
Slides for the Proformative webinar
"Using Real-Time Financial Benchmarks to Drive Dynamic Decision-Making and Action"
by Niels Pflaeging, BetaCodex Network
From fixed to relative performance contracts - Keynote by Niels Pflaeging at ...Niels Pflaeging
From fixed to relative performance contracts
and towards simple, ethical and empowering ways
of dealing with value creation
Sydney, 15.10.2015
Cubewise Performance Management Leadership Forum
@NielsPflaeging
Beyond Budgeting: Leading with Flexible Targets. 2-day seminarNiels Pflaeging
Slides from 2-day Beyond Budgeting seminar in Kuala Lumpur, Malaysia
The slides a re not entirely self-explaining. See the BetaCodex Network´s white papers for further detail.
Organize for Complexity, part I+II - Special Edition PaperNiels Pflaeging
The future of the Organization.
Special Edition of the BetaCodex Network´s white papers on Organizing for Complexity - two papers in one! Illustrations by Pia Steinmann
10 New Business Models for this Decade (beta)
1. Localized Low-Cost Business Model
2. One-Off Experience Business Model
3. Beyond Advertising Business Model
4. Markets Are Conversations Business Model
5. Low-Budget Innovation Business Model
6. Community-Funded Business Model
7. Sustainability-Focused Business Model
8. Twisted Freemium Business Model
9. Unlimited Niches Business Model
10. In-Crowd Customers Business Model
TREND RESEARCH BY Trend Firm trendwatching.com
MARKET ANALYSIS BY Strategy Boutique Thaesis
BUSINESS MODEL DESIGN BY Strategy Consultant/Graphic Facilitator Ouke Arts
Electrolux consolidated results 2016 - PresentationElectrolux Group
Highlights of the fourth quarter of 2016
Net sales amounted to SEK 32,144m (31,794).
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).
Stable development across business areas.
Good performance for Major Appliances EMEA despite severe currency headwinds.
Significantly weaker market demand and cost measures impacted sales and earnings in Major Appliances Latin America.
Strong operating cash flow after investments of SEK 2.6bn (1.4) in the fourth quarter.
Income for the period improved to SEK 1,272m (-393), and earnings per share was SEK 4.43 (-1.38).
The Board proposes a dividend for 2016 of SEK 7.50 (6.50) per share, to be paid in two installments.
Electrolux Interim Report Q2 2016 - PresentationElectrolux Group
Highlights of the second quarter of 2016
Net sales amounted to SEK 29,983m (31,355).
Organic sales declined by -0.9%, acquired growth was 0.1% and currency translation had a negative impact of -3.6% on net sales.
Improved results across most business areas.
Four of six business areas achieved an operating margin above 6%.
Operating income increased to SEK 1,564m (921), corresponding to a margin of 5.2% (2.9).
Strong operating cash flow after investments of SEK 4.1bn (2.9).
Income for the period was SEK 1,079m (608), and earnings per share was SEK 3.75 (2.12).
3. • K-Group’s pro forma sales €13.4bn
• Operations in nine countries
• Number of personnel around 50,000
• Third largest retailer in northern
Europe
3
K-GROUP TODAY
4. 4
OPERATIONS IN
EIGHT COUNTRIES
Norway
5% Sweden
2%
Finland
81%
Lithuania
4%
Latvia
1%
Estonia
2%
Russia
4%
Belarus
1%
Retail sales, € million, 2015
Finland 8,927
Sweden 209
Norway 664
Estonia 136
Latvia 90
Lithuania 366
Russia 311
Belarus 116
5. NET SALES BY DIVISION Q1/2016
ROLLING 12 MO
€4,664m€3,172m
€763m
Grocery trade
-1.3%
Home
improvement
and speciality
goods trade
+1.9%
Car trade +0.6%
54%37%
9%
5
Comparable change
6. STRATEGIC GROWTH AREAS
• Grocery trade
• Increasing the market share in the Finnish grocery
trade
• Focus on the development of neighbourhood
retailing
• Building and technical trade
• Increasing building and technical trade in Europe
• Increasing B2B sales
• Car trade
6
7. Real estate
arrangement
Divestment of
Anttila
Kesko Senukai
arrangement in
the Baltic
countries
Acquisition of
Suomen
Lähikauppa
Acquisition of
Onninen
7
STRATEGY IMPLEMENTATION IS
PROGRESSING
One unified Kesko – the customer and quality in everything we do
9. KESKO GROCERY TRADE
9
Net sales €4,664m
Operating profit* €174m
Operating margin* 3.7%
ROCE* 21.0%
K-Group 32.7%
S-Group 45.9%
Lidl 8.3%
Suomen Lähikauppa 6.4%
Others 6.7%
Total market €16.6 billion in 2015
Source: Nielsen
* excl. non-recurring items
Q2/2015-Q1/2016
10. RETAIL STORES
Number of stores Concept
81 Hypermarket
221 Supermarket
484
Neighbourhood
store
Suomen
Lähikauppa stores
600
Neighbourhood
store
10
11. 11
STRATEGY PROGRESSING AS PLANNED
• Increasing market share
• Increase and development of neighbourhood
store network
• Renewal of K-citymarket chain
• Improvement of quality and service levels
• Improvement of price competitiveness and
price image
• Best digital services in the trading sector
• Development of retailer business model
12. 12
K-GROUP’S NEIGHBOURHOOD RETAIL SERVICES
WILL IMPROVE SIGNIFICANTLY
• K-market chain will be renewed, first
stores opened in April
• Siwa and Valintatalo stores converted
into K-markets within a year
• Selections will improve and price level
decrease, Pirkka products included in
selections
• K-retailers to run all stores within two
years
• Acquisition of Suomen Lähikauppa
enables significant synergies
14. HOME IMPROVEMENT AND
SPECIALITY GOODS TRADE
14
Net sales €3,172m
Operating profit* €78m
Operating
margin*
2.5%
ROCE* 9.9%
Sports trade
€186m
Furniture trade
€179m
Agricultural and machinery
trade Finland €500m
Others
€37m
Building and home improvement
trade Belarus €116m
Building and home
improvement trade
Russia €192m
Building and home
improvement trade
Finland €794m
Building and home
improvement trade
Scandinavia €627m
Building and home
improvement trade
Baltics €461m
Agricultural and machinery
trade Baltics €115m
* excl. non-recurring items
2015
Q2/2015-Q1/2016
16. B2B SALES GROW FASTER THAN B2C SALES
Building and renovation increasingly technical, regulation
increases
Consumers increasingly often outsource building to professionals
Growing need for renovation building
Rising standard of living and ageing of population increase
the use of services
16
17. 17
RENOVATION CONSTRUCTION IS INCREASING
index2010=100
Non-residential construction
Infra construction
Residential construction
Renovation construction
Source: Macrobond/The Confederation of Finnish Construction Industries RT
(CFCI), Euroconstruct
18. GROWTH FROM EUROPE AND B2B SALES
• Growth from both B2C and B2B sales
• Strengthening of market position in
Finland
• Accelerating of growth and further
strengthening of positions in
Scandinavia
• Boosting Kesko Senukai’s growth
18
Current operating country
Poland with acquisition of Onninen as of 1 June
19. STRONG FINANCIAL POSITION ENABLES GROWTH
19
31.3.2016 31.3.2015
Equity ratio, % 54.8 51.5
Liquid assets, €m 746 506
Cash flow from operating activities, €m, rolling
12 mo
255 324
Capital expenditure, €m, rolling 12 mo 218 202