Q3 Report Q3-report

Transcription

1 Q3 Report

2 Q3 Growth and Improved Profitability SEK million Q Q RTM Sales , ,222.1 Employees 1,315 1,243 1,267 1,315 EBIT EBIT % 4.3% 3.4% 5.0% 5.3% Profit after tax Cash flow EPS, SEK Equity/assets ratio % 73.3% 69.8% 69.7% 73.3% Sales increased 15.3% Improved profitability 7% increase FTE Good equity/assets ratio Pricing pressure Subcontractors complementing own resources Lower efficiency in certain teams 2

3 Rolling Twelve Months Sales (SEKm) EBIT (SEKm) Q111 Q211 Q311 Q411 Q112 Q212 Q312 Q412 Q113 Q213 Q313 Q413 Q114 Q214 Q314 Sales EBIT

4 Segment Sweden SEK million Q Q RTM Sales Employees EBIT EBIT % 3.2% 1.6% 5.2% 5.1% 6.9% growth in the quarter Visible strategy effects still work to do Good recruitment pace Mixed market Sweden 67% (72) Finland 20%(18) International 13% (10) 4

5 Segment Finland SEK million Q Q RTM Sales Employees EBIT EBIT % 5.3% 2.2% 3.7% 5.5% Improved profit and continued good growth of 31.5% due to major project delivery in the public sector Stable growth in media, good development with MTV in managed services Tough business climate, the industrial segment remains restrained A number of employees in Finland has been temporarily laid off due to the reduced demand Sweden 67% (72) Finland 20%(18) International 13% (10) 5

6 Segment International SEK million Q Q RTM Sales Employees EBIT EBIT % 7.8% 9.0% 7.5% 6.4% Sales growth by 41.7% All operations contributed well through projects with new clients compensating the continued decline with major telecom client Strongest performance in Poland since start Growth in Denmark Good growth in Secure Connectivity Sweden 67% (72) Finland 20%(18) International 13% (10) 6

7 Stable Cash Flow Cybercom Group, SEK m illion Note Q Q Jan - Sep 2014 Jan - Sep RTM Cash flow before changes in w orking capital 16,7 3,5 50,7 9,5 33,6 74,8 Changes in w orking capital -13,1 0,4-20,6 60,3 49,6-31,3 Cash flow from operating activities 3,6 3,9 30,1 69,8 83,2 43,5 Cash flow from investing activities -8,8-1,0-16,4-7,6-14,9-23,7 Cash flow from financing activities -11,3 1,3-31,6-54,6-65,2-42,2 Period's cash flow -16,5 4,2-17,9 7,6 3,1-22,4 Cash and cash equivalents at period's start 24,0 23,2 23,7 20,3 20,3 26,6 Exchange differences in cash and cash equivalents 0,4-0,8 2,1-1,3 0,3 3,7 Cash and cash equivalents at period's end 7,9 26,6 7,9 26,6 23,7 7,9 Investments related to new Stockholm office and Finnish cloud operations Interest-bearing liabilities reduced to SEK 80 M (122) and net debt reduced to SEK 72 M (95) Net debt/equity ratio 8% (11) Unutilised overdraft facility of SEK 100 M 7

8 Strong Position in Connectivity M2M Internet of things Cloud ehealth We assist companies and organisations to benefit from the opportunities of the connected world 8

9 Top Ten Strategic IT Trends Mobile Device Diversity and Management 2. Mobile Apps and Applications 3. The Internet of Everything 4. Hybrid Cloud and IT as a Service Broker 5. Cloud/Client Architecture 6. The Era of Personal Cloud 7. Software Defined Anything 8. Web-Scale IT 9. Smart Machines D Printing 9

10 Business Highlights Q3 2-year framework agreement with the Swedish Tax Agency, the Swedish Enforcement Authority and the Swedish E-identification Board Six selected suppliers to share total value of 400 MSEK annually 4-year agreement with the Swedish International Development Cooperation Agency Implementation for WyWallet for e-retailers to offer mobile payments Strategic partnership with Tele2 in services M2M Six new security audits Internationally, for telecom operators Including Unitel in Angola - a new client More agile teams for Ericsson Good development Autoliv and Saab App for the Swedish Film Institute, films accessible to the visually impaired and to people with reading difficulties Major car manufacturer chose bluego, our software for wireless Bluetooth technology 10

11 Sales Q3 35% 42% 16% 60% 40% 6% 8% 23% 26% 44% Telecom 35% (35) Industry 23% (23) Public Sector 26% (25) Other 16% (17) Turnkey 40% (38) Consulting se rvices 60% (62) Connected Engin eering 42% ( 45) Digital Solutions 44% (42) Connectivity Management 8% (8) Secure Connectivity 6% (5) The ten largest clients make 42% (45) of sales The largest single client is 16% (14) of sales Framework agreement clients make 66% (64) of sales Example of new clients are Eltel, Ljungby Municipality, Unitel Angola, STRUCTeam Ltd, UNIT9 Ltd, BMS Poland and the Swedish Film Institute Major clients are Alma Media Group, Cable and Wireless Communication, Ericsson, the Finnish National Board of Education, Millicom, MTV, the Swedish National Police Board, Saab, Sony Mobile and Volvo 11

12 Stories 12

13 Saab Aeronutics Development teams for Saab Gripen 13

14 Assisting TomTom for growth in the Connected world 14

15 Agile teams and Development for Ericsson 15

16 Connectivity an enabler for Sustainable business 16

17 Going Forward Connectivity our strong position Grow with improved profitability Short-term challenges in the market mixed signals Further work to do opportunities to improve focus on Sweden We continue to execute on planned strategy Broader footprint - selected client accounts Step by step towards sustainable improvements to meet our long-term financial goals and to create enhanced value for our shareholders Prime Brand in Connectivity for talents and clients 17

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