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Q3 13
Sales (M )
701
719
EBIT adj.
30
30
% on sales
4.2%
4.1%
EBIT
as of
30th
25
28
% on sales
3.5%
3.9%
Net Debt
Sept (M )
530
553
-2.5 %(*)
+0.1p.p.
-0.3p.p.
9M 14
9M 13
1,885
1,967
EBIT adj.
64
55
% on sales
3.4%
2.8%
58
43
3.1%
2.2%
EBIT
% on sales
-4.2%(*)
+0.6p.p.
+0.9p.p.
Q3
9M
-4.0%
-4.0%
-4.0%
2.4%
2.1%
2.3%
-2.2%
-3.7%
-4.1%
-5.4%
Volume
Price/Mix
Ex. rate
-4.6%
Total
-6.2%
Western
H1
Q3
9M
1.1%
2.0%
1.4%
Europe
Eastern
0.4%
Europe
-2.9%
-5.9%
Greater
Europe
0.9%
0.2%
-0.9%
9M
Product cost
20
55
Price/Mix
11
33
Exchange rate
-15
-48
Volume
-11
-30
Positive
Negative
Q3
9M
-5.4%
-6.6%
-5.8%
-2.4%
-2.2%
-2.4%
-3.1%
-3.1%
-3.1%
Manufacturing
Sourcing
Total
Sales (M )
Market Result
% on sales
Sales (M )
Market Result
% on sales
Q3 14
Q3 13
408
382
29
18
7.1%
4.7%
9M 14
9M 13
1,127
1,096
77
49
6.9%
4.5%
+6.9%
+2.8%
Sales (M )
Market Result
% on sales
Sales (M )
Market Result
% on sales
Q3 14
Q3 13
247
299
15
20
6.3%
6.7%
9M 14
9M 13
631
757
31
39
5.0%
5.2%
-17.6%
-16.5%
2014 International
Sales (M )
Market Result
% on sales
Sales (M )
Market Result
% on sales
Q3 14
Q3 13
46
37
14.0%
11.8%
9M 14
9M 13
127
115
18
13
14.5%
11.3%
+22.3%
+10.6%
10
Q3 2014
Net Sales (M )
Q3 2013
701
719
-2.5%
EBITDA (M )
% on sales
50
7.2%
55
7.6%
-0.4 pp
EBIT (M )
% on sales
25
3.5%
28
3.9%
-0.3 pp
PBT (M )
% on sales
11
1.6%
15
2.1%
-27.0%
5
0.7%
9
1.3%
-47.5%
11
9M 2014
9M 2013
Net Sales (M )
1,885
1,967
-4.2%
EBITDA (M )
% on sales
134
7.1%
124
6.3%
+0.8 pp
EBIT (M )
% on sales
58
3.1%
43
2.2%
+0.9 pp
PBT (M )
% on sales
15
0.8%
7
0.4%
112.9%
4
0.2%
(8)
-0.4%
n.a.
12
2013
Non current
operating assets
1,068
1,074
Trade receivables
% on 12m rolling sales
578
22.3%
602
21.9%
Inventories
% on 12m rolling sales
346
13.4%
382
13.9%
Trade payables
% on 12m rolling sales
(703)
27.2%
(739)
26.9%
221
8.6%
245
8.9%
(271)
(290)
1,018
1,029
(M )
2014
2013
Net Debt
530
553
Total
Shareholders
equity
488
476
1,018
1,029
Total Sources
(M )
13
2014
2013
EBITDA
134
124
(43)
(36)
(11)
(15)
Change in NWC
(225)
(306)
Change in Other
Assets & Liabilities
(16)
15
Change in Funds
(2)
(6)
Capex
(50)
(49)
Equity
(24)
(204)
(297)
14
2014 FY Outlook
Sales: between -1% and -2% Vs. 2013
15
Disclaimer
This presentation contains forward-looking statements regarding future results of Indesit Company
SpA based on intents, beliefs or current expectations. Any of these statements made by or on behalf
of Indesit Company SpA speak only as of the date they are made. Information provided herein have to
be linked to the oral comments made during presentation to analysts.
The forward-looking statements contain no guarantees of future performance and involve risks and
uncertainties that could significantly affect expected results and actual results may materially differ
from those projected or implied in the forward-looking statements as a result of various factors.
Consequently, analysts and investors are warned not to place undue reliance on those statements.
No obligation is undertaken by Indesit Company SpA to update said statements in order to reflect any
expectations with regard thereto or any changes in events, conditions or circumstances on which any
such statement is based.
This presentation does not constitute an offer, or invitation to purchase or subscribe any securities and
no part of it shall form the basis of or be relied upon in connection with any commitment whatsoever.
The manager charged with preparing the companys financial reports, Stefano Cavacini, confirms,
pursuant to paragraph 2 of art. 154-bis of the Consolidated Finance Law, that the accounting
information included in this press release agrees with the underlying documentation, records and
accounting entries.
16