This report analyses the financial performance of ATEK for the 2019. You will find all the necessary details regarding company's profitability, volume growth, indebtedness and a comparison with selected peers.
ATEK announced a net profit of CZK 63.1 mil in 2019, up 1.00% when compared to the last year. Sales increased 36.5% yoy to CZK 988 mil, EBITDA rose 92.0% to CZK 144 mil and net margin amounted to 6.38%. In the last three years, the Company grew its revenues by 6.25% a year, and produced an average return on capital of 3.54% and return on equity of 7.85%.
The key highlights are:
Sales increased 36.5% yoy to CZK 988 mil in 2019. That’s compared to average growth of 6.25% in the last three years and 66.7% more when compared to the average annual increase in the last decade.
EBITDA amounted to CZK 144 mil and grew 92.0% when compared to last year. EBITDA margin reached 14.6%, up 2.88%pp when compared to a 5-year average.
Company’s indebtedness fell when measured by Net Debt/Equity and reached 85.6% at the end of 2019. When compared to EBITDA, net debt fell to 2.74x at the end of 2019.
ATEK netted CZK 63.1 mil to its shareholders in the last year, up 37.1% when compared to the average seen in the last five years. The company produced a return on capital of 6.41% and return on equity of 14.6% in the last year. Since 2014, ATEK’s average ROCE amounted to 6.56% and ROE 13.2%.
When compared to selected peers, ATEK has grown 12.4 pp faster in sales in the last five years. It was also 3.64 pp more profitable in terms of ROCE, and achieved 4.27 pp higher EBITDA margin based on a last year's results.
In terms of indebtedness, the company operated with 82.3 pp higher net debt to equity at the end of 2019 when compared to its peers (85.6% at ATEK vs. 3.36% of its peers).
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