This report analyses the financial performance of Magna Exteriors Bohemia for the 2019. You will find all the necessary details regarding company's profitability, volume growth, indebtedness and a comparison with selected peers.
Magna Exteriors Bohemia announced a net profit of CZK 541 mil in 2019, up 62.6% when compared to the last year. Sales increased 7.24% yoy to CZK 10,986 mil, EBITDA rose 42.9% to CZK 771 mil and net margin amounted to 4.92%. In the last three years, the Company grew its revenues by 7.43% a year, and produced an average return on capital of 10.8% and return on equity of 15.0%.
The key highlights are:
Sales increased 7.24% yoy to CZK 10,986 mil in 2019. That’s compared to average growth of 7.43% in the last three years and 33.1% more when compared to the average annual increase in the last decade.
EBITDA amounted to CZK 771 mil and grew 42.9% when compared to last year. EBITDA margin reached 7.02%, up 3.52%pp when compared to a 5-year average.
Company’s indebtedness fell when measured by Net Debt/Equity and reached -18.5% at the end of 2019. When compared to EBITDA, net debt fell to -1.12x at the end of 2019.
Magna Exteriors Bohemia netted CZK 541 mil to its shareholders in the last year, down 32.6% when compared to the average seen in the last five years. The company produced a return on capital of 8.79% and return on equity of 11.6% in the last year. Since 2014, Magna Exteriors Bohemia’s average ROCE amounted to 14.3% and ROE 20.0%.
When compared to selected peers, Magna Exteriors Bohemia has grown 2.94 pp faster in sales in the last five years. It was also 13.9 pp more profitable in terms of ROCE, and achieved 3.40 pp higher EBITDA margin based on a last year's results.
In terms of indebtedness, the company operated with 19.6 pp lower net debt to equity at the end of 2019 when compared to its peers (-18.5% at Magna Exteriors Bohemia vs. 1.10% of its peers).
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