Investor Relations


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October 29th, 2015 9M 2015 Results Presentation


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GROWTH

  • The improvement trend of the organic growth continues


  • Sales growth of 6% including FX rate


• LatAm organic growth above 11%


• Alarms business grows above 16%

Main highlights PROFITABILITY


• Margins keep stable despite the adverse macro environment and the strong seasonality


• Net consolidated profit grows above 17%


CASH FLOW GENERATION

  • Cash generation is maintained within the established seasonal parameters


  • 'BBB stable' rating by S&P confirmed with improvement of the liquidity profile


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    P&L



    Growths


    +6,0%

    9M 2014

    9M 2015


    +7,4%


    +5,6%


    Sales

    EBITDA

    EBIT



    Consolidated Results

    Million Euros

    9M 2014

    9M 2015

    Sales

    2,776

    2,943

    EBITDA

    303

    326

    Margin

    10.9%

    11.1%

    Depreciation

    -60

    -70

    Amortization of intangible and other

    -28

    -28

    EBIT

    216

    228

    Margin

    7.8%

    7.7%

    Financial Result

    -45

    -29

    Profit before taxes

    171

    199

    Margin

    6.2%

    6.8%

    Taxes

    -62

    -72

    Tax rate

    36.4%

    36.4%

    Net Profit

    109

    126

    Minority interests

    0.1

    -0.6

    Net consolidated profit

    109

    127

    EPS

    (Euros per share)

    0.18

    0.21

    • EBIT margin remains stable at 7.7% despite the adverse macro environment


    • Net Consolidated Profit increases by 17.1% reaching 127

Million Euros

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Sales Evolution



Million Euros


9M 2014

9M 2015


+0.8%

*


+10.3%


1,599


1,763


2,776


+6.0%


2,943

1,171 1,180


Eur. & APAC

LatAm

Total


Organic

0.3%

11.5%

6.5%

Inorganic

0.1%

0.2%

0.2%

Exchange rate

0.4%

-1.5%

-0.7%


* In a comparable base 4

distributed by