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Datalogic
Investor Presentation • May 15, 2024
4452_ct_2024-05-15_fa996ac8-0019-4edb-a073-b9e28edd329f.pdf
Investor Presentation
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Q1 2024 Results Conference Call
INTERNAL Datalogic Confidential
Q1 2024 Highlights: positive progression in DC booking trends whilst quarter revenues still down as expected
Note: Q1 2023 Restated with (i) some commercial costs reclassified from S&D expenses to Revenues reduction and (ii) without INFX results – INFX Net Income reported as «Net Result from discontinued operations»
Group Revenues by Geography and Market Segment
| EMEAI | AMERICAS | APAC | Total Datalogic | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| €m | Q1 2024 | Q1 2023 restated* |
Var % | Q1 2024 | Q1 2023 restated* |
Var % | Q1 2024 | Q1 2023 restated* |
Var % | Q1 2024 | Q1 2023 restated* |
Var % |
| Data Capture | 38.5 | 55.3 | (30.3%) | 22.8 | 26.4 | (13.6%) | 6.5 | 9.3 | (29.8%) | 67.8 | 90.9 | (25.4%) |
| Industrial Automation | 29.1 | 31.1 | (6.3%) | 9.2 | 11.5 | (19.9%) | 5.2 | 12.0 | (56.6%) | 43.5 | 54.5 | (20.2%) |
| Total Datalogic | 67.7 | 86.4 | (21.7%) | 32.0 | 37.8 | (15.5%) | 11.7 | 21.3 | (44.9%) | 111.3 | 145.5 | (23.5%) |
% on Datalogic Revenues % on Datalogic Revenues
New Products Launches and Innovation
R&D cash out at 13.6%, +3.0 bps vs Q1 2023 (10.6%). Investments in R&D continue in line with our plan to launch new products, including the first model of the new generation of mobile products and the new generation of fix retail scanners.
Q1 2024 P&L
| € m | Q1 2024 | Q1 2023 restated* |
Var % | |
|---|---|---|---|---|
| Revenues | 111.3 | 145.5 | (23.5%) | |
| Gross Margin | 42.8 | 59.4 | ||
| % on Revenues | 38.4% | 40.9% | -2.4 pp | |
| Operating expenses | (48.2) | (54.5) | ||
| % on Revenues | (43.3%) | (37.5%) | -5.8 pp | |
| Adjusted EBITDA |
2.1 | 12.9 | ||
| % Adj. Ebitda margin | 1.9% | 8.9% | -7.0 pp | |
| Adjusted EBIT |
(5.5) | 4.9 | ||
| % Adj. Ebit margin | (4.9%) | 3.4% | -8.3 pp | |
| EBIT | (7.2) | 3.4 | ||
| % Ebit margin | (6.5%) | 2.4% | -8.8 pp | |
| Net Result | 6.0 | 3.2 | ||
| % on Revenues | 5.4% | 2.2% | +3.2 pp |
- Gross Margin at 38.4% (-2.4 pp YoY) affected by volumes reduction and lower cost absorption, partially offset by positive productivity
- Operating expenses at €48.2m, preserving substantial investments in R&D and S&D, whilst tightening control over discretionary
- Adj EBITDA margin at 1.9% (-7.0 pp YoY), due to highly negative volume impact on operating expenses, partially offset by productivity improvement and costs savings
- Net Result at €6.0m vs €3.2m in Q1 23 thanks to the capital gain of €17.2m from the sale of 100% stake in Informatics
EBITDA Adj: actual vs last year
€ m
Contacts
IR CONTACTS
IR Manager
Alessandro D'Aniello Tel. +39 051 3147109 [email protected] Via Candini, 2 40012 Lippo di Calderara di Reno Bologna – Italy
IR Advisor
Vincenza Colucci CDR Communication Srl Tel. +39 335 6909547 [email protected]
IR Assistant
Daniela Giglioli Tel. +39 051 3147109 Fax +39 051 3147205 [email protected]
NEXT EVENTS
May 21, 2024 Italian Investment Conference
August 02, 2024 1H 2024 Results
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This presentation contains statements that are neither reported financial results nor other historical information. These statements are forward-looking statements. These forward-looking statements rely on a number of assumptions and are subject to a number of risks and uncertainties, many of which are outside the control of Datalogic S.p.A., that could cause actual results to differ materially from those expressed in or implied by such statements, such as future market conditions, currency fluctuations, the behavior of other market participants and the actions of governmental and state regulators
© 2024 Datalogic S.p.A. and/or its affiliates - All rights reserved. • Without limiting the rights under copyright, no part of this documentation may be reproduced, stored in or introduced into a retrieval system, or transmitted in any form or by any means, or for any purpose, without the express written permission of Datalogic S.p.A. and/or its affiliates • Datalogic and the Datalogic logo are registered trademarks of Datalogic S.p.A. in many countries, including the U.S. and the E.U. • All other trademarks and brands are property of their respective owners.
INTERNAL Datalogic Confidential
Datalogic S.p.A.
Via Candini, 2 - 40012 Lippo di Calderara di Reno - Bologna (Italy) Tel. +39 051 3147011 | Fax +39 051 3147205 [email protected] www.datalogic.com
