This report analyses the financial performance of BM plus for the 2019. You will find all the necessary details regarding company's profitability, volume growth, indebtedness and a comparison with selected peers.
BM plus announced a net profit of CZK 12.7 mil in 2019, up 266% when compared to the last year. Sales increased 20.1% yoy to CZK 95.0 mil, EBITDA rose 113% to CZK 21.5 mil and net margin amounted to 13.4%. In the last three years, the Company grew its revenues by 6.37% a year, and produced an average return on capital of 11.0% and return on equity of 18.8%.
The key highlights are:
Sales increased 20.1% yoy to CZK 95.0 mil in 2019. That’s compared to average growth of 6.37% in the last three years and 65.5% more when compared to the average annual increase in the last decade.
EBITDA amounted to CZK 21.5 mil and grew 113% when compared to last year. EBITDA margin reached 22.6%, up 3.04%pp when compared to a 5-year average.
Company’s indebtedness fell when measured by Net Debt/Equity and reached 23.3% at the end of 2019. When compared to EBITDA, net debt fell to 0.564x at the end of 2019.
BM plus netted CZK 12.7 mil to its shareholders in the last year, up 88.4% when compared to the average seen in the last five years. The company produced a return on capital of 18.1% and return on equity of 27.7% in the last year. Since 2014, BM plus’s average ROCE amounted to 11.4% and ROE 20.6%.
When compared to selected peers, BM plus has grown 14.5 pp faster in sales in the last five years. It was also 4.93 pp less profitable in terms of ROCE, and achieved 8.34 pp lower EBITDA margin based on a last year's results.
In terms of indebtedness, the company operated with 37.8 pp higher net debt to equity at the end of 2019 when compared to its peers (23.3% at BM plus vs. -14.5% of its peers).
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