This report analyses the financial performance of Formplast Purkert for the 2019. You will find all the necessary details regarding company's profitability, volume growth, indebtedness and a comparison with selected peers.
Formplast Purkert announced a net profit of CZK 69.2 mil in 2019, up 12.3% when compared to the last year. Sales decreased 15.5% yoy to CZK 939 mil, EBITDA rose 7.39% to CZK 157 mil and net margin amounted to 7.37%. In the last three years, the Company grew its revenues by -0.857% a year, and produced an average return on capital of 12.6% and return on equity of 16.3%.
The key highlights are:
Sales decreased 15.5% yoy to CZK 939 mil in 2019. That’s compared to average growth of -0.857% in the last three years and 21.4% more when compared to the average annual increase in the last decade.
EBITDA amounted to CZK 157 mil and grew 7.39% when compared to last year. EBITDA margin reached 16.7%, up 1.02%pp when compared to a 5-year average.
Company’s indebtedness fell when measured by Net Debt/Equity and reached -34.1% at the end of 2019. When compared to EBITDA, net debt fell to -0.886x at the end of 2019.
Formplast Purkert netted CZK 69.2 mil to its shareholders in the last year, down 9.54% when compared to the average seen in the last five years. The company produced a return on capital of 10.7% and return on equity of 16.4% in the last year. Since 2014, Formplast Purkert’s average ROCE amounted to 15.4% and ROE 17.3%.
When compared to selected peers, Formplast Purkert has grown 2.12 pp faster in sales in the last five years. It was also 12.1 pp more profitable in terms of ROCE, and achieved 4.68 pp higher EBITDA margin based on a last year's results.
In terms of indebtedness, the company operated with 36.7 pp lower net debt to equity at the end of 2019 when compared to its peers (-34.1% at Formplast Purkert vs. 2.60% of its peers).
Helgi Library 
