Post on 27-Apr-2018
Year-end report 1
Year-end report 2014
2015-02-13
• Returned to growth with + 6% (-11) organic sales growth for
2014 and 13% (-11) for Q4
• Confirmed strong position in the area of Connectivity
– introducing packaged connectivity assets
• Unique recognition for sustainability, connectivity, and
international labor by the UN and Ban Ki-moon
• Improved financial position and strong equity ratio
of 72.8% (69.7). Net debt was reduced to 6% (10)
• Proposed dividend of SEK 0.05 per share
2014
Gaining market share and pay dividend
2015-02-13 Year-end report 2
• Gaining market shares with
6% (-11) sales increase 2014
and 13% (-11) Q4
• Improved EBIT
2014 Growth and improved Profitability
Year-end report 3
SEK million Q4 2014 Q4 2013 2014 2013
Sales 354.1 313.4 1,262.9 1,195.1
Employees 1,307 1,267 1,307 1,267
EBIT 23.7 22.2 65.8 60.2
EBIT % 6.7% 7.1% 5.2% 5.0%
Profit after tax 18.6 16.3 48.8 41.5
Cash flow 22.1 13.4 52.2 83.2
EPS, SEK 0.10 0.09 0.27 0.23
Equity/assets ratio % 72.8% 69.7% 72.8% 69.7%
2015-02-13
• Strong performance in Finland
• Subcontractors boost growth
• Improved performance in
Sweden, but weak development
in south
Rolling Twelve Months
Year-end report 4 2015-02-13
Cybercom +6%
IT services Sweden +3%
IT Global +2%
Source: Radar, Gartner
Segment Sweden
Year-end report 5
• 9% growth in the quarter and 0.5% 2014
• Visible strategy effects
• Great achievements in Public sector
• Good Key Account development
• New management appointed in south
SEK million Q4 2014 Q4 2013 2014 2013
Sales 250.9 229.8 890.0 885.5
Employees 806 776 806 776
EBIT 19.9 18.5 45.4 45.8
EBIT % 7.9% 8.1% 5.1% 5.2%
2015-02-13
Sweden 70% (73)
Finland 20%(18)
International 10% (9)
SEK million Q4 2014 Q4 2013 2014 2013
Sales 71.1 58.5 251.3 208.1
Employees 250 244 250 244
EBIT 7.8 2.8 18.3 7.7
EBIT % 11.0% 4.7% 7.3% 3.7%
Segment Finland
Year-end report 6
Sweden 70% (73)
Finland 20%(18)
International 10% (9)
• Strong turn around
• Increased profit 2014 of 138% and good
growth of 21% due to successful business
in the public sector and media
• Still tough business climate, the industry
segment remains restrained
• A number of employees still temporarily laid off
2015-02-13
Segment International
Year-end report 7
• Sales growth in quarter by 27%
• Increased nearshore and growth in Poland
• Growth in Denmark
• Broaden client case in International
Connectivity Management
SEK million Q4 2014 Q4 2013 2014 2013
Sales 44.4 35.0 164.5 142.3
Employees 232 229 232 229
EBIT 2.1 2.7 9.3 10.7
EBIT % 4.8% 7.6% 5.7% 7.5%
2015-02-13
Sweden 70% (73)
Finland 20%(18)
International 10% (9)
Stable Cash Flow
Year-end report 8 2015-02-13
• Investments related to new Stockholm and Kista offices and Finnish cloud operations
• Interest-bearing liabilities reduced to 69 MSEK (112) and net debt reduced to 56 MSEK (88)
• Net debt/equity ratio 6% (10)
• Unutilised overdraft facility of 100 MSEK
Cybercom Group, SEK million Note
Q4
2014
Q4
2013
Jan - Dec
2014
Jan - Dec
2013
Cash flow before changes in w orking capital 27.4 24.1 78.1 33.6
Changes in w orking capital -5.3 -10.7 -25.9 49.6
Cash flow from operating activities 22.1 13.4 52.2 83.2
Investments in tangible and intangible f ixed assets -7.4 -7.3 -23.2 -14.3
Acquisition in subsidiaries/net assets 3 - - -0.6 -0.7
Other items 0.1 0.0 0.1 0.1
Cash flow from investing activities -7.3 -7.3 -23.7 -14.9
New share issue - - - -0.1
Change in factoring and overdraft facilities - - - -43.4
Change in other f inancial liabilities -11.0 -10.6 -42.6 -21.7
Cash flow from financing activities -11.0 -10.6 -42.6 -65.2
Period's cash flow 3.8 -4.4 -14.1 3.1
Cash and cash equivalents at period's start 7.9 26.6 23.7 20.3
Exchange differences in cash and cash equivalents 2.1 1.5 4.2 0.3
Cash and cash equivalents at period's end 13.8 23.7 13.8 23.7
• Cybercom has improved financial position and stabilised
profitability
• The board will propose that the AGM approve a dividend of SEK
0.05 per share
– equalling SEK 9,021,974.75
– equivalent to 18.5% of net profit
• This level is proposed given that the company's financial targets
have not yet been achieved and that a process of change
continues to meet the financial goals
Dividend
2015-02-13 Year-end report 9
1. 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
10. 3-D Printing
Top Ten Strategic IT Trends 2015
2015-02-13 Year-end report 10
Strong Position in Connectivity
2015-02-13 Year-end report 11
We assist companies and organisations to benefit from the opportunities of the connected world
Connectivity assets - repetitive packaged solution and profit boost potential
Connected Identity – Cloud – eHealth – Compliance management – CEM
Sales 2014
Year-end report 12 2015-02-13
• The ten largest clients make 38% (43) of sales
• The largest single client is 15% (13) of sales
• Framework agreement clients make 65% (64) of sales
• 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
32%
23%
29%
16%
Telecom 32% (36)
Industry 23% (22)
Public Sector 29% (25)
Other 16% (17)
39%
61%
Solution 39% (38)
Competence 61% (62)
70%
42%
46%
6%
6%
Connected Engineering 42% (45)
Digital Solutions 46% (42)
Connectivity Management 6% (8)
Secure Connectivity 6% (5)
• Profitability of EBIT margin of 10%
• Growth of 10% annually over the business cycle
• Acquisition policy
Organic growth and profitability are the key objectives for
Cybercom, but selective acquisitions that create value and
contribute to growth will be assessed against this strategy
• Debt policy
Cybercom shall have net debt that does not exceed 30
percent of equity over time
• Dividend policy
Cybercom shall pay a dividend to its shareholders of at least
30 percent of net profit, provided that no special
considerations exist with regard to the company's financial
position or plans
Financial targets
2015-02-13 Year-end report 13
Stories
Year-end report 14 2015-02-13
2015-02-13 Year-end report 15
Cybercom selected to secure
Swedish and Finnish citizen’s
Digital Identification
Connecting Citizens
2015-02-13 Year-end report 16
Connected Industry
2015-02-13 Year-end report 17
Essential eHealth development
2015-02-13 Year-end report 18
Visit us in Hall 7 – Special invitation for 4 March – Wednesday
• MWC tour with Cybercom
• Increased “Return on Innovation” with open innovation markets, speaker Annika
Steiber. In 2014 she released the book “The Google Model- management for
continuous innovation in a rapidly changing world”. The ability to innovate together with
other persons outside the walls of the company becomes more business critical
important. The only question is what this open innovation means and how to do it in
the best way.
• How to capture value in the connected world and what is required to succeed
– Cybercom’s thought leaders Magnus Karlsson and Peter Tyreholt give advice
2015-02-13 Year-end report 19
• Grow with improved profitability
• Further work to do – focus on Sweden
• Challenging market ahead
• Benefit from our connectivity assets
• Great potential in our unique position in
Secure Connectivity
Going Forward
Year-end report 20 2015-02-13
Year-end report 21 2015-02-13