This report analyses the financial performance of Libel for the 2019. You will find all the necessary details regarding company's profitability, volume growth, indebtedness and a comparison with selected peers.
Libel announced a net profit of CZK 0.083 mil in 2019, down 76.8% when compared to the last year. Sales decreased 10.6% yoy to CZK 73.0 mil, EBITDA fell 11.8% to CZK 4.51 mil and net margin amounted to 0.114%. In the last three years, the Company grew its revenues by -7.99% a year, and produced an average return on capital of 2.00% and return on equity of 10.3%.
The key highlights are:
Sales decreased 10.6% yoy to CZK 73.0 mil in 2019. That’s compared to average growth of -7.99% in the last three years and 5.93% more when compared to the average annual increase in the last decade.
EBITDA amounted to CZK 4.51 mil and fell 11.8% when compared to last year. EBITDA margin reached 6.18%, up 1.33%pp when compared to a 5-year average.
Company’s indebtedness fell when measured by Net Debt/Equity and reached 120% at the end of 2019. When compared to EBITDA, net debt fell to 2.18x at the end of 2019.
Libel netted CZK 0.083 mil to its shareholders in the last year, down 89.3% when compared to the average seen in the last five years. The company produced a return on capital of 0.265% and return on equity of 1.02% in the last year. Since 2014, Libel’s average ROCE amounted to 2.08% and ROE 12.7%.
When compared to selected peers, Libel has grown 1.16 pp faster in sales in the last five years. It was also 22.8 pp less profitable in terms of ROCE, and achieved 24.8 pp lower EBITDA margin based on a last year's results.
In terms of indebtedness, the company operated with 135 pp higher net debt to equity at the end of 2019 when compared to its peers (120% at Libel vs. -14.5% of its peers).
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