EPS CAGR +15% over the past 10 years Profit every quarter since foundation in 1994 Exposure to industrial market segments with underlying growth;
Electrification (E-mobility, renewables, energy storage, energy transmission)
Railway
Defence
Long history of acquistions. 2-4 factories/year
Strong balance sheet - low net debt
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3
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EPS Growth
CAGR 15%
15% CAGR EPS
2014-2023 Q3 (R12)
R12 2023 Q3 EPS growth of
54% vs 2022
5
Net sales
Good turnover in the quarter. Growth +26% vs Q3 2022, whereoff 7% was currency.
Q3 is always weakest quarter due to summer holiday in July/August at customers.
Still capacity and productivity constraints in Finland, Bulgaria, Poland.
Increases mainly in electrification, defence industry, commercial vehicles, railway, marine.
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Organic growth
Organic growth was 17% We should have delivered more.
Target 10%/ year
Increases mainly due to new sales in electrification, storage of energy, components for defence industry, commercial vehicles, railway and marine.
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Acquired Growth
Target 5%/ year
Several interesting prospect factories. We love new factories.
Net debt is low. Cash flow is good.
You should be disappointed if we have not closed some good deals before Q2 2024.
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EBT Margin
EBT Margin (%) goal is 8%
The margin shall consistently be within 8±2% every quarter.
Worst performers make more profit than last year because of improvement programs.
Margin would have been better if we would have delivered everything that we should have.
Still opportunities to improve in India and China.
9
Inventory value & turnover development
Inventory turnover target is 3.5 turns/year.
Our actions improve the result and we are currently at 3.0 turns/year.
We are working with our worst companies to help them improve.
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Disclaimer
AQ Group AB published this content on 19 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 October 2023 06:18:10 UTC.
AQ Group AB is a Sweden-based company, which develops, manufactures and assembles components and systems for industrial customers. The Company's business consists of the two segments: System and Component. The System segment includes electric cabinets and system products business areas, and produces systems, power and automation solutions and assembles complete machines in close collaboration with the customers. The Component segment encompasses business areas of injection molding, inductive components, wiring Systems, sheet metal processing, as well as special technologies and engineering. This segment produces transformers, wiring systems, mechanical components, punched sheet metal and injection-molded thermoplastics. The Company operates through its subsidiaries in Finland, Estonia, Mexico, India, Canada and China, among others.
AQ GROUP AB 
