ELICA S.P.A. H1 2023 Results
ANALYSTS PRESENTATION
THURSDAY JULY 27TH, 2023
AGENDA
3 SALES
INDUSTRY TREND
DYNAMICS
1
4
H1 HIGHLIGHTS
ECONOMICS & FINANCIALS
2
5
CLOSING REMARKS
2
Q2 2023 RESULTS
HIGHLIGHTS
NET SALES
125,5 M€
EBIT ADJ
7,5 M€
6,0%
NFP
(36,8) M€
Leverage: ~ 0,8
YoY Change
-20,7 M€ -14,1%
(organic: -13,6%)
YoY Change
-2,1 M€
-0,5 pts
YoY Change
-6 M€
- Still challenging market scenario with a persisting soft demand in Cooking business. Sudden industry slowdown in Motors Heating products from May
- Sequential ongoing margins expansion (+80 bps QoQ) driven by:
- Costs Containment
- Flexibility of the new production footprint in EU
- Stable NFP despite revenues decline, focus on NWC management and Capex optimization
3
H1 2023 RESULTS | |||||||||
HIGHLIGHTS | 150 | 144 | 146 | ||||||
145 | |||||||||
140 | 129 | 130 | 129 | ||||||
NET SALES | YoY Change | 135 | 126 | ||||||
130 | |||||||||
125 | |||||||||
254,5 M€ | -35,7 M€ -12,3% | 120 | |||||||
115 | |||||||||
(organic: -12,2%) | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | |||
20 | 6.2% | 6.5% | 5.7% | 6.0% | 7.0% | ||||
5.5% | |||||||||
5.2% | |||||||||
6.0% | |||||||||
EBIT ADJ | YoY Change | 10 | 9.0 | 9.6 | 7.1 | 7.4 | 6.7 | 7.5 | |
4.0% | |||||||||
5.0% | |||||||||
14,2 M€ | -4,4 M€ | 0 | 3.0% | ||||||
5,6% | -0,9 pts | 2.0% | |||||||
Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | ||||
EBIT | EBIT % | ||||||||
NFP | YoY Change | 200 | 2 | ||||||
0.8 | 0.8 | 0.7 | 0.6 | 0.7 | 0.8 | 1.5 | |||
(36,8) M€ | -6 M€ | 100 | 1 | ||||||
31 | 31 | 39 | 30 | 33 | 37 | 0.5 | |||
Leverage:~ 0,8 | 0 | ||||||||
0 | -0.5 | ||||||||
-1 | |||||||||
Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | ||||
NFP | Leverage | ||||||||
4 |
INDUSTRY TREND
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Disclaimer
Elica S.p.A. published this content on 27 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2023 14:38:05 UTC.
