By Helgi Library - April 2, 2020
Fiberweb's total assets reached GBP 243 mil at the end of 2012, down 44.4% compared to the previous year. Current ...
By Helgi Library - April 2, 2020
Fiberweb's total assets reached GBP 243 mil at the end of 2012, down 44.4% compared to the previous year. Current ...
| Profit Statement | 2010 | 2011 | 2012 | |
| Sales | GBP mil | 269 | 298 | 300 |
| Gross Profit | GBP mil | 68.4 | 62.4 | 67.0 |
| EBITDA | GBP mil | 45.2 | 41.2 | 42.6 |
| EBIT | GBP mil | 17.3 | 8.70 | 7.60 |
| Financing Cost | GBP mil | 14.8 | 15.9 | 1.80 |
| Pre-Tax Profit | GBP mil | 2.50 | -7.20 | 5.80 |
| Net Profit | GBP mil | 2.40 | -3.00 | 3.30 |
| Balance Sheet | 2010 | 2011 | 2012 | |
| Total Assets | GBP mil | 492 | 437 | 243 |
| Non-Current Assets | GBP mil | 325 | 150 | 204 |
| Current Assets | GBP mil | 167 | 287 | 96.0 |
| Working Capital | GBP mil | 118 | -54.8 | 80.0 |
| Shareholders' Equity | GBP mil | 179 | 179 | 174 |
| Liabilities | GBP mil | 89.4 | 228 | 38.7 |
| Total Debt | GBP mil | 394 | 30.4 | 30.3 |
| Net Debt | GBP mil | 367 | -152 | 15.3 |
| Ratios | 2010 | 2011 | 2012 | |
| ROE | % | 1.37 | -1.68 | 1.87 |
| ROCE | % | 0.549 | -1.11 | 1.74 |
| Gross Margin | % | 25.4 | 21.0 | 22.3 |
| EBITDA Margin | % | 16.8 | 13.8 | 14.2 |
| EBIT Margin | % | 6.43 | 2.92 | 2.53 |
| Net Margin | % | 0.892 | -1.01 | 1.10 |
| Net Debt/EBITDA | 8.13 | -3.69 | 0.359 | |
| Net Debt/Equity | 2.06 | -0.850 | 0.088 | |
| Cost of Financing | % | 3.90 | 7.50 | 5.93 |
| Cash Flow | 2010 | 2011 | 2012 | |
| Total Cash From Operations | GBP mil | -31.2 | 150 | -303 |
| Total Cash From Investing | GBP mil | -36.0 | -31.2 | 150 |
| Total Cash From Financing | GBP mil | -10.9 | -3.90 | -13.8 |
| Net Change In Cash | GBP mil | -78.1 | 114 | -167 |
| Cash Conversion Cycle | days | 180 | -106 | 110 |
| Cash Earnings | GBP mil | 30.3 | 29.5 | 38.3 |
| Free Cash Flow | GBP mil | -67.2 | 118 | -154 |
Get all company financials in excel:
| summary | Unit | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 |
| income statement | |||||||||
| Sales | GBP mil | 500 | 474 | 513 | 454 | 269 | |||
| Gross Profit | GBP mil | 85.1 | 60.9 | 77.0 | 88.6 | 68.4 | |||
| EBIT | GBP mil | -35.3 | -89.3 | -15.4 | 5.90 | 17.3 | |||
| Net Profit | GBP mil | -43.2 | -93.4 | -22.0 | 0.500 | 2.40 | |||
| ROE | % | -14.6 | -38.7 | -11.5 | 0.271 | 1.37 | |||
| EBIT Margin | % | -7.06 | -18.9 | -3.00 | 1.30 | 6.43 | |||
| Net Margin | % | -8.64 | -19.7 | -4.29 | 0.110 | 0.892 | |||
| Employees | 2,948 | 2,429 | 2,158 | 1,936 | 1,803 | ||||
| balance sheet | |||||||||
| Total Assets | GBP mil | 645 | 473 | 546 | 476 | 492 | |||
| Non-Current Assets | GBP mil | 429 | 300 | 355 | 322 | 325 | |||
| Current Assets | GBP mil | 217 | 173 | 191 | 154 | 167 | |||
| Shareholders' Equity | GBP mil | 297 | 185 | 197 | 173 | 179 | |||
| Liabilities | GBP mil | 95.9 | 105 | 126 | 94.9 | 89.4 | |||
| Current Liabilities | GBP mil | 2.60 | 4.20 | 9.10 | 6.40 | 4.70 | ... | ||
| Net Debt/EBITDA | 4.59 | 8.65 | 7.25 | 6.74 | 8.13 | ||||
| Net Debt/Equity | 1.35 | 1.61 | 1.83 | 1.92 | 2.06 | ||||
| Cost of Financing | % | ... | 5.45 | 3.09 | 3.28 | 3.20 | 3.90 | ||
| cash flow | |||||||||
| Total Cash From Operations | GBP mil | 44.0 | 36.9 | 55.9 | 50.6 | -31.2 | |||
| Total Cash From Investing | GBP mil | ... | -31.5 | -43.9 | 10.9 | -14.3 | -36.0 | ||
| Total Cash From Financing | GBP mil | ... | -42.7 | 10.4 | -75.3 | -34.6 | -10.9 | ||
| Net Change In Cash | GBP mil | ... | -30.2 | 3.40 | -8.50 | 1.70 | -78.1 |
| income statement | Unit | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 |
| income statement | |||||||||
| Sales | GBP mil | 500 | 474 | 513 | 454 | 269 | |||
| Cost of Goods & Services | GBP mil | 415 | 413 | 436 | 366 | 201 | |||
| Gross Profit | GBP mil | 85.1 | 60.9 | 77.0 | 88.6 | 68.4 | |||
| Staff Cost | GBP mil | 101 | 90.2 | 86.6 | 89.0 | 85.4 | |||
| Other Cost | GBP mil | -103 | -63.7 | -59.2 | -49.7 | -62.2 | |||
| EBITDA | GBP mil | 87.4 | 34.4 | 49.6 | 49.3 | 45.2 | |||
| Depreciation | GBP mil | 123 | 124 | 65.0 | 43.4 | 27.9 | |||
| EBIT | GBP mil | -35.3 | -89.3 | -15.4 | 5.90 | 17.3 | |||
| Financing Cost | GBP mil | 14.9 | 11.6 | 11.5 | 12.0 | 14.8 | |||
| Extraordinary Cost | GBP mil | -0.400 | -0.800 | -1.70 | 0 | 0 | |||
| Pre-Tax Profit | GBP mil | -49.8 | -100 | -25.2 | -6.10 | 2.50 | |||
| Tax | GBP mil | -6.60 | -6.70 | -3.20 | -6.60 | 0.100 | |||
| Net Profit | GBP mil | -43.2 | -93.4 | -22.0 | 0.500 | 2.40 | |||
| growth rates | |||||||||
| Total Revenue Growth | % | ... | -17.1 | -5.26 | 8.28 | -11.4 | -40.7 | ||
| Operating Cost Growth | % | ... | -111 | -1,252 | 3.40 | 43.4 | -41.0 | ||
| EBITDA Growth | % | ... | -6.02 | -60.6 | 44.2 | -0.605 | -8.32 | ||
| EBIT Growth | % | ... | -201 | 153 | -82.8 | -138 | 193 | ||
| Pre-Tax Profit Growth | % | ... | -347 | 101 | -74.8 | -75.8 | -141 | ||
| Net Profit Growth | % | ... | -382 | 116 | -76.4 | -102 | 380 | ||
| ratios | |||||||||
| ROE | % | -14.6 | -38.7 | -11.5 | 0.271 | 1.37 | |||
| ROCE | % | ... | -8.04 | -18.1 | -4.66 | 0.106 | 0.549 | ||
| Gross Margin | % | 17.0 | 12.9 | 15.0 | 19.5 | 25.4 | |||
| EBITDA Margin | % | 17.5 | 7.26 | 9.67 | 10.9 | 16.8 | |||
| EBIT Margin | % | -7.06 | -18.9 | -3.00 | 1.30 | 6.43 | |||
| Net Margin | % | -8.64 | -19.7 | -4.29 | 0.110 | 0.892 | |||
| Cost of Financing | % | ... | 5.45 | 3.09 | 3.28 | 3.20 | 3.90 | ||
| Net Debt/EBITDA | 4.59 | 8.65 | 7.25 | 6.74 | 8.13 |
| balance sheet | Unit | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 |
| balance sheet | |||||||||
| Non-Current Assets | GBP mil | 429 | 300 | 355 | 322 | 325 | |||
| Property, Plant & Equipment | GBP mil | 331 | 266 | 305 | 219 | 214 | |||
| Intangible Assets | GBP mil | 96.4 | 30.5 | 38.6 | 36.7 | 36.6 | |||
| Goodwill | GBP mil | 93.0 | 28.0 | 37.4 | 35.1 | 34.7 | |||
| Current Assets | GBP mil | 217 | 173 | 191 | 154 | 167 | |||
| Inventories | GBP mil | 82.1 | 62.7 | 66.8 | 48.9 | 49.4 | |||
| Receivables | GBP mil | 97.4 | 92.1 | 97.2 | 71.5 | 76.6 | |||
| Cash & Cash Equivalents | GBP mil | 35.2 | 17.1 | 26.4 | 32.4 | 26.1 | |||
| Total Assets | GBP mil | 645 | 473 | 546 | 476 | 492 | |||
| Shareholders' Equity | GBP mil | 297 | 185 | 197 | 173 | 179 | |||
| Of Which Minority Interest | GBP mil | 0 | 0 | 0.600 | 0 | 0 | |||
| Liabilities | GBP mil | 95.9 | 105 | 126 | 94.9 | 89.4 | |||
| Long-Term Debt | GBP mil | 184 | 132 | 163 | 156 | 170 | |||
| Deferred Tax Liabilities | GBP mil | 35.3 | 24.3 | 21.9 | 15.1 | 15.6 | |||
| Current Liabilities | GBP mil | 2.60 | 4.20 | 9.10 | 6.40 | 4.70 | ... | ||
| Short-Term Debt | GBP mil | 253 | 183 | 223 | 209 | 224 | |||
| Trade Payables | GBP mil | 10.3 | 18.1 | 10.5 | 11.6 | 7.60 | |||
| Provisions | GBP mil | 77.3 | 76.9 | 96.2 | 68.4 | 68.8 | ... | ||
| Equity And Liabilities | GBP mil | 645 | 473 | 546 | 476 | 492 | |||
| growth rates | |||||||||
| Total Asset Growth | % | ... | -14.4 | -26.7 | 15.4 | -12.8 | 3.30 | ||
| Shareholders' Equity Growth | % | ... | 0.169 | -37.6 | 6.10 | -12.2 | 3.48 | ||
| Net Debt Growth | % | ... | 372 | -25.7 | 20.9 | -7.67 | 10.6 | ||
| Total Debt Growth | % | ... | 294 | -27.8 | 22.7 | -5.59 | 7.93 | ||
| ratios | |||||||||
| Total Debt | GBP mil | 436 | 315 | 386 | 365 | 394 | |||
| Net Debt | GBP mil | 401 | 298 | 360 | 332 | 367 | |||
| Working Capital | GBP mil | 169 | 137 | 154 | 109 | 118 | |||
| Capital Employed | GBP mil | 598 | 436 | 508 | 431 | 443 | |||
| Net Debt/Equity | 1.35 | 1.61 | 1.83 | 1.92 | 2.06 | ||||
| Cost of Financing | % | ... | 5.45 | 3.09 | 3.28 | 3.20 | 3.90 |
| cash flow | Unit | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 |
| cash flow | |||||||||
| Net Profit | GBP mil | -43.2 | -93.4 | -22.0 | 0.500 | 2.40 | |||
| Depreciation | GBP mil | 123 | 124 | 65.0 | 43.4 | 27.9 | |||
| Non-Cash Items | GBP mil | ... | 187 | -25.9 | 29.7 | -38.0 | -51.9 | ||
| Change in Working Capital | GBP mil | ... | -223 | 32.5 | -16.8 | 44.7 | -9.60 | ||
| Total Cash From Operations | GBP mil | 44.0 | 36.9 | 55.9 | 50.6 | -31.2 | |||
| Capital Expenditures | GBP mil | -47.8 | -32.4 | -33.3 | -26.1 | -33.0 | |||
| Other Investments | GBP mil | ... | 16.3 | -11.5 | 44.2 | 11.8 | -3.00 | ||
| Total Cash From Investing | GBP mil | ... | -31.5 | -43.9 | 10.9 | -14.3 | -36.0 | ||
| Issuance Of Debt | GBP mil | ... | 325 | -121 | 71.4 | -21.6 | 28.9 | ||
| Total Cash From Financing | GBP mil | ... | -42.7 | 10.4 | -75.3 | -34.6 | -10.9 | ||
| Net Change In Cash | GBP mil | ... | -30.2 | 3.40 | -8.50 | 1.70 | -78.1 | ||
| ratios | |||||||||
| Days Sales Outstanding | days | 71.1 | 71.0 | 69.2 | 57.5 | 104 | |||
| Days Sales Of Inventory | days | 72.2 | 55.5 | 55.9 | 48.8 | 89.8 | |||
| Days Payable Outstanding | days | 9.06 | 16.0 | 8.79 | 11.6 | 13.8 | |||
| Cash Conversion Cycle | days | 134 | 110 | 116 | 94.7 | 180 | |||
| Cash Earnings | GBP mil | 79.5 | 30.3 | 43.0 | 43.9 | 30.3 | |||
| Free Cash Flow | GBP mil | ... | 12.5 | -7.00 | 66.8 | 36.3 | -67.2 |
| other data | Unit | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 |
| other data | |||||||||
| ROA | % | -6.17 | -16.7 | -4.32 | 0.098 | 0.496 | |||
| Gross Margin | % | 17.0 | 12.9 | 15.0 | 19.5 | 25.4 | |||
| Employees | 2,948 | 2,429 | 2,158 | 1,936 | 1,803 | ||||
| Cost Per Employee | USD per month | 5,261 | 6,191 | 6,132 | 5,975 | 6,095 | |||
| Cost Per Employee (Local Currency) | GBP per month | 2,858 | 3,095 | 3,344 | 3,831 | 3,947 | |||
| Staff Cost (As % Of Total Cost) | % | 18.9 | 16.0 | 16.4 | 19.9 | 33.9 | |||
| Effective Tax Rate | % | 13.3 | 6.69 | 12.7 | 108 | 4.00 | |||
| Domestic Sales | GBP mil | ... | ... | ... | 17.9 | 18.2 | 19.1 | ... | |
| Capital Expenditures (As % of Sales) | % | 9.56 | 6.84 | 6.49 | 5.75 | 12.3 | |||
| Revenues From Abroad | GBP mil | ... | ... | ... | 436 | 251 | 279 | ... | |
| Revenues From Abroad (As % Of Total) | % | ... | ... | ... | 85.1 | 55.3 | 104 | ... | |
| Employees - Europe | 1,311 | 1,020 | 907 | 824 | 619 | ... | |||
| Employees - North America | 1,327 | 937 | 828 | 715 | 484 | ... | |||
| Employees - Rest Of World | 310 | 472 | 423 | 397 | 700 | ... | |||
| Sales from Technical Fabrics | GBP mil | 500 | 474 | 540 | 454 | 269 | ... | ||
| Sales from Geosyntehtics | GBP mil | 297 | 272 | 352 | 272 | 219 | ... | ||
| Sales from Other | GBP mil | 203 | 201 | 188 | 183 | 50.5 | ... | ||
| Sales to UK | GBP mil | ... | ... | ... | 17.9 | 18.2 | 19.1 | ... | |
| Sales to the USA | GBP mil | ... | ... | ... | 183 | 170 | 125 | ... | |
| Sales to Sweden | GBP mil | ... | ... | ... | 61.1 | 48.0 | ... | ... | ... |
| Sales to Germany | GBP mil | ... | ... | ... | 77.6 | 77.9 | 54.1 | ... | |
| Sales to Italy | GBP mil | ... | ... | ... | 70.9 | 67.4 | 40.2 | ... | |
| Sales to France | GBP mil | ... | ... | ... | ... | ... | 30.6 | ... | |
| Employees in Technical Fabrics | ... | ... | ... | ... | ... | 973 | ... | ||
| Employees in Geosynthetics | ... | ... | ... | ... | ... | 130 | ... | ||
| Employees in Other Segments | ... | ... | ... | ... | ... | 700 | ... |
Get all company financials in excel:
Fiberweb Ltd (Fiberweb), formerly Fiberweb Plc is a UK-based manufacturer of nonwoven fabrics. The Company produces spunbond polypropylene and polyester, pointbond polyethylene and polypropylene, carded fabrics, biocomponents, and composites. The Company also provides roofing underlays, rolls, flashings and tapes, building wraps, breathable roof laminates, or crop covers and fleeces for agricultural applications. Further, the Company provides industrial consumable products, such as automatic blanket cleaning fabrics, wipes and pads, shop cloths, plate wipes, multipurpose cloths for aerospace and automotive, impression cylinder fabrics, and dampener covers. Fiberweb plc was incorporated in 2006 and is headquartered in London, the United Kingdom. As of November 15, 2013, Fiberweb plc operates as a subsidiary of Polymer Group, Inc.
Fiberweb has been growing its sales by a year on average in the last 5 years. EBITDA has grown on average by 4.37% a year during that time to total of GBP 42.6 mil in 2012, or 14.2% of sales. That’s compared to 13.1% average margin seen in last five years.
The company netted GBP 3.30 mil in 2012 implying ROE of 1.87% and ROCE of 1.74%. Again, the average figures were -1.94% and -0.675%, respectively when looking at the previous 5 years.
Fiberweb’s net debt amounted to GBP 15.3 mil at the end of 2012, or 0.088 of equity. When compared to EBITDA, net debt was 0.359x, down when compared to average of 3.76x seen in the last 5 years.
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