V-ZUG Group - Full-year Results 2022
15 March 2023
V-ZUG
In 2022, our customer focus remained highest priority despite adverse
circumstances such as
supply bottlenecks and drastically increasing purchase prices.
Agenda
- Overview
- Strategic Transformation
- Sustainability
- Financial Information 2022
- Outlook
- Investment Case
- Q&A
1. Overview: Full year 2022 at a glance
Adverse circumstances are reflected in the annual results 2022 - We remain ambitious and determined
A tough financial year
- Net sales on previous year level despite supply challenges: CHF 636.3 million
- EBIT under pressure: CHF 10.3 million EBIT margin at 1.6 %
- Free cash flow: CHF -52.2 million
Strategic transformation on track
- Evolution of the product portfolio
- Strengthening of the premium brand V-ZUG
- International expansion
- Digitalisation: products, processes, platforms
- Site transformation
Sustainability - one step further
- Scope 1 and 2
- CO2-neutral since 2020
- Reduction of actual emissions by 14.9 %
- Scope 3
- Energy classes A-C: + 8.6 % more appliances vs. prior year
- New "CO2 -Webshop" (offered in Switzerland)
- Awarded as "Friendly Work Space"
vzug.com
1. Overview: Main challenges in 2022
Operations with challenges in supply chains and elevated cost levels
- Disruptions in supply chains - in Q2 2022, situation deteriorated significantly due to COVID-19 lockdown in Shanghai area. Situation started easing as of Q3 2022.
- Lack of availability - causing temporary delivery delays on vital parts of the product range and short-term production adjustments resulting in relevant higher workload and inefficiencies in operation.
- Temporary purchases on spot-buymarkets at drastically higher cost - in order to maintain delivery capability with a view to prioritizing customer satisfaction, followed by a redesign of software to fit new microprocessors to be sourced from new suppliers.
- Significantly increased material, component and freight costs - passed on to business partners with consciously phased sales price adjustments.
vzug.com
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Disclaimer
V-ZUG Holding AG published this content on 15 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 March 2023 05:39:04 UTC.