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%.
Roadshow, Öhman Baltic Banking Day, Maris AvotinsSwedbank
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our
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%.
Roadshow, Öhman Baltic Banking Day, Maris AvotinsSwedbank
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our
Den svenska detaljhandelns försäljning av varor över internet ökade med 16 procent under tredje kvartalet 2015. Prognosen är att e-handeln med varor kommer att omsätta över 50 miljarder kronor 2015. Det visar e-barometern Q3 2015.
http://www.postnord.com/sv/media/rapporter/e-handel/e-barometern-q3-2015/
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
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"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
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➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
2. 2
Overview of results
PostNord AB (publ), Q1 2016
SEKm Q1 2016 Q1 2015 FY 2015 FY 2014
Net sales 9,638 10,033 -4% 39,351 39,950 -1%
EBITDA 705 763 -8% 2,436 2,198 11%
EBIT 300 312 -4% 564 351 61%
Net income for the period 219 203 278 176
Cash flow from operating
activities 211 1,140 1,670 670
Net debt 639 3,113 -171 3,672
3. First quarter 2016
3PostNord AB (publ), Q1 2016
Market trends:
− E-commerce, B2C parcel volumes rose 12%
− Tough competition in the logistics market
− Mail volumes continuing to decline
− Weak economy in Norway and Finland
Reviews into postal legislation ongoing in Sweden and
Denmark
Higher postage for Danish express mail from year-end
Reorganization effective January 1, 2016
− Business area Communication Services has been established, based on
Business area Mail & Communication and Strålfors’ service development
business.
− Business area eCommerce & Logistics is a merger of Business area Logistics
and the Group unit eCommerce.
4. PostNord, Group
Still on the right path, with the focus on end-to-end Nordic
solutions and adaptation of the production model
4
NET SALES AND EBIT MARGIN
Net sales totaled SEK 9,638m (10,033)
– Net sales fell 4%, excluding currency effects and acquisitions
– Decreasing mail volumes and continued tough competition in
the logistics market
– Calendar effect of early Easter holiday
Reported EBIT SEK 300m (312), 3.1% (3.1)
– Cost-cutting programs completed brought operating costs
down
– Ongoing adjustments and efficiency improvements are being
implemented in pace with declining mail volumes
-4
-2
0
2
4
6
8
10
0
2,000
4,000
6,000
8,000
10,000
12,000
Q1
2015
Q2
2015
Q3
2015
Q4
2015
Q1
2016
Net sales, MSEK EBIT-margin, %
PostNord AB (publ), Q1 2016
5. Trends in the market
5
Mail volumes fell by a
total of 8% compared
to Q1 2015
– 18% in Denmark
– 6% in Sweden
Parcel volumes rose by
a total of 3% compared
to Q1 2015
– E-commerce-related
B2C parcels increased 12%
MAIL, MILLIONS OF UNITS
PARCELS, MILLIONS OF UNITS
PostNord AB (publ), Q1 2016
0
50
100
150
200
250
300
350
1Q'14 2Q'14 3Q'14 4Q'14 1Q'15 2Q'15 3Q'15 4Q'15 1Q'16
Sweden,priority mail Sweden,non-priority mail
Denmark, priority mail Denmark, non-priority and C-mail
0
10
20
30
40
1Q'14 2Q'14 3Q'14 4Q'14 1Q'15 2Q'15 3Q'15 4Q'15 1Q'16
Parcels, total
7. PostNord Denmark
7
-16
-14
-12
-10
-8
-6
-4
-2
0
2
4
6
8
10
0
1,000
2,000
3,000
Q1
2015
Q2
2015
Q3
2015
Q4
2015
Q1
2016
Net sales, MSEK EBIT-margin, %
NET SALES AND EBIT MARGIN
Net sales decreased by 5%
– Mail volumes fell by 18%
– Price adjustment for priority mail partly offset volume decline
– Higher volumes of B2C parcels
– New contracts in service logistics
EBIT SEK -51m (-47), -2.1% (-1.8)
– Lower mail income not fully offset by cost adjustments.
– Wide-ranging action program in progress
PostNord AB (publ), Q1 2016
8. PostNord Norway
8
-6
-4
-2
0
2
4
6
8
10
0
500
1,000
1,500
Q1
2015
Q2
2015
Q3
2015
Q4
2015
Q1
2016
Net sales, MSEK EBIT-margin, %
NET SALES AND EBIT MARGIN
Net sales declined by 15%, and by 10%,
excluding currency effects and acquisitions
– The logistics market was negatively affected by the economic
slowdown caused by the drastic fall in the price of oil
– The market remains characterized by tough competition
EBIT SEK -1m (11), -0.1% (1.0)
– Wide-ranging program to reduce costs is in progress but has
not fully offset the decline in income
PostNord AB (publ), Q1 2016
9. PostNord Finland
9
-6
-4
-2
0
2
4
6
8
10
0
100
200
300
Q1
2015
Q2
2015
Q3
2015
Q4
2015
Q1
2016
Net sales, MSEK EBIT-margin, %
NET SALES AND EBIT MARGIN
Net sales increased by 32% percent, and by 1%
excluding currency effects and acquisitions
– Continued challenging economic situation in Finland and
tough competition
EBIT SEK -12m (1), -5.2% (0.6)
– Integration costs related to the acquisition of Uudenmaan
Pikakuljetus Oy (UPK) in Finland charged to earnings
– Merger of UPK and PostNord Oy completed
PostNord AB (publ), Q1 2016
12. 12
Trend of cash flow
244
-33
-188
-31
0
50
100
150
200
250
300
FFO
Change in
working capital Investments Financing
CASH FLOW, FIRST QUARTER 2016, SEKm
Change in working capital
− Lower trade payables, deferral of payments
over the turn of the month March/April 2015
and a tax refund of approx. SEK 300m
Cash flow from operating activities
SEK 211m
Investments SEK -188m
− The investments primarily relate to vehicles, as
well as equipment for transportation and
sorting in production
Cash flow for the period SEK 10m
PostNord AB (publ), Q1 2016
-13
13. 13
Net debt
SEKm
Mar. 31,
2016
Dec. 31,
2015
Sep. 30,
2015
Interest-bearing debt 3,849 3,840 3,849
Pensions* 0 0 57
Total 3,849 3,840 3,906
Financial receivables -1,305 -2,117 -1,155
Cash and cash equivalents -1,905 -1,894 -1,443
Net debt 639 -171 1,308
Net debt/EBITDA, times 0.3 -0.1 0.5
Net debt ratio, % 7 -2 15
Financial preparedness 3,905 3,894 3,443
*Includes assets under management.
Net debt increased by SEK 810m
to SEK 639m
– Affected by revaluation of pension obligations
as a result of a lower discount rate used in the
valuation of the obligations.
Financial preparedness amounting to
SEK 3,905m, of which cash and cash
equivalents total SEK 1,905m
PostNord AB (publ), Q1 2016
14. 14
Credit profile
Credit
Total amount
SEK bn
Amount
utilized
SEK bn
Revolving credit facility,
maturing in 2017, SEK
2.0 0.0
Commercial paper, SEK 3.0 0.0
Credit institutions 1.5 0.6
MTN bonds, SEK 6.0 2.9
Total utilized, Mar. 31, 2016 3.6
Credit lines with short maturity 0.1
MATURITY STRUCTURE, MARCH 31, 2016, SEKmOVERVIEW OF LINES OF CREDIT, MARCH 31, 2016
0
500
1,000
1,500
2,000
2,500
2016 2017 2018 2019 2020-
Commercial papers Overdraft credit
Credit institutions MTN bonds
An undrawn revolving credit facility (RCF) of SEK 2.0bn is in place, maturing in 2017.
PostNord AB (publ), Q1 2016
15. Area Key ratio Outcome Dec. 31, 2015 Target
Profitability Return on
capital
employed
(ROCE)
5.6% 10.5%
Capital structure Net debt ratio 7% 10-50%
Dividend policy Dividend 2015: Proposal for no dividend
2014: No dividend
40-60% of net income for
the year (guide value 50%)
Financial targets
15
The targets are long-term and are to be assessed over a period of 3-5 years.
The financial targets were adopted at the 2014 AGM
PostNord AB (publ), Q1 2016
16. 16
Disclaimer
This document does not contain an offer of securities in the United States or any other jurisdiction; securities
may not be offered or sold in the United States absent registration or exemption from the registration
requirements under the U.S. Securities Act of 1933, as amended. Any offer of securities will be made, if at
all, by means of a prospectus or offering memorandum issued by PostNord.
Forward-looking statements
Statements made in this document relating to future status or circumstances, including future performance
and other trend projections are forward-looking statements. By their nature, forward-looking statements
involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the
future. There can be no assurance that actual results will not differ materially from those expressed or
implied by these forward-looking statements due to many factors, many of which are outside the control of
PostNord. Forward-looking statements herein apply only as at the date of this document. PostNord will not
undertake any obligation to publicly update or revise these forward-looking statements to reflect future
events, new information or otherwise except as required by law.
PostNord AB (publ), Q1 2016