Interim report Q3

1 July - 30 Sept 2023

Thursday, Oct 26, 2023

Presenters

Clein Johansson Ullenvik

Irene Wisenborn Bellander

Group President & CEO

CFO

2

AGENDA

  • This is Alligo
  • Highlights Q3 2023
  • Brand Consolidation and Sales Strategy
  • Financials
  • Summary and outlook
  • Q&A

Alligo - a leading player in workwear, personal protection, tools and supplies in the Nordic region

Finland: 41 stores

9,520 2,476 213

MSEK Revenue*

Employees*

Stores*

Norway: 57 stores

Main concept brands

Sweden: 114 stores

*R12 September 2023.

4

Estonia: 1 store

The origins of Alligo

The mail order company Swedol is established in Tyresö, Sweden.

The first physical

Swedol store opens.

Swedol begins store expansion phase with 11 new stores opened between 2006-2008.

Swedol is

listed on Nasdaq Stockholm.

Momentum Group changes name to become Alligo AB.

Components & Services (Momentum Group) is distributed to shareholders and separately listed on Nasdaq Stockholm.

1963

1995

1999

2002

2006

2008

2016

2017

2019

2021

2022

1832

Grolls is founded in Stockholm, Sweden.

5

Tools is founded in Norway as a part of Bergman & Beving.

Bergman & Beving begin an aggressive acquisition strategy that lasts until 2008. 150 companies in Sweden, Norway and Finland are acquired and integrated into the Tools chain.

Swedol

acquires Grolls.

B&B Tools (Bergman

  • Beving) divests Momentum Group that includes Tools to its shareholders.

Momentum Group makes a public offer to buy Swedol with the purpose to integrate the Swedol and Tools stores.

Alligo AB (publ) is a leading player in personal protection, tools and supplies in the Nordic region, uniting the brands

TOOLS, Swedol, Grolls and Univern.

Alligo at a glance

Revenue

per geographic area YTD Sept 2023

Total revenue: MSEK 6,797 (6,488)

18%

27%55%

Sweden

Norway

Finland

EBITA

per geographic area YTD Sept 2023

Total adj EBITA: MSEK 519 (7.6%)

8%

20%

72%

Sweden

Norway

Finland

Revenue

per brand category YTD Sept 2023

Share of own brands

19%

81%

Own brands External brands

6

Alligo at a glance

  • Nordic main markets
    • annual revenue of approximately SEK 53 billion
  • Customers
    • a combination of small and medium-sized enterprises, large industrial companies, and the public sector within eight defined segments
  • Main competitors
    • chains that focus on industry and construction as well as independent local operators

Manufacturing

Construction Industry

Public Sector

Transport & Storage

Repair & Maintenance Agriculture & Forestry Fishing & Aquaculture

Oil & Gas

7

AGENDA

  • This is Alligo
  • Highlights Q3 2023
  • Brand Consolidation and Sales Strategy
  • Financials
  • Summary and outlook
  • Q&A

Q3 business conditions

Market situation

  • Weak market development in Sweden and Finland
    • several customer segments
  • Strong demand in Norway - Oil & Gas industry

Proactive

Delivery

Macro-economic

management

capacity

factors

• Growth initiatives

• Good and stable

• Geopolitical

• Refining sales work

turbulence

• Price adjustments

• Downturn in the

business cycle

• Sensitive categories

• Reducing inventories

• Cost reductions

9

Q3 in brief: Increased profit and improved cash flow

  • Revenue 0.2 % MSEK 2,122 (2,118)

•

Adjusted EBITA increased by 6 % to MSEK 191 (181)

+ 0.2 %

•

Improved operating cash flow MSEK 34 (-91)

Revenue growth

̶ still high inventory levels

•

Coordination of Norwegian logistic centres

+ 6 %

̶ access to the newly built central warehouse in Vestby

•

New sales organisation in place

Adjusted EBITA growth

•

Celebration of Swedol's 60th birthday

•

Repurchase of the company's own Class B shares

9.0 % (8.5)

Adjusted EBITA margin

10

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Alligo AB published this content on 26 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 October 2023 08:56:40 UTC.