This report analyses the financial performance of Mahle Behr Mnichovo Hradiste for the 2018. You will find all the necessary details regarding company's profitability, volume growth, indebtedness and a comparison with selected peers.
Mahle Behr Mnichovo Hradiste announced a net profit of CZK 346 mil in 2018, up 172% when compared to the last year. Sales decreased 3.56% yoy to CZK 7,319 mil, EBITDA rose 41.7% to CZK 530 mil and net margin amounted to 4.72%. In the last three years, the Company grew its revenues by 1.31% a year, and produced an average return on capital of 5.67% and return on equity of 6.89%.
The key highlights are:
Sales decreased 3.56% yoy to CZK 7,319 mil in 2018. That’s compared to average growth of 1.31% in the last three years and 10.0% more when compared to the average annual increase in the last decade.
EBITDA amounted to CZK 530 mil and grew 41.7% when compared to last year. EBITDA margin reached 7.24%, up 2.35%pp when compared to a 5-year average.
Company’s indebtedness fell when measured by Net Debt/Equity and reached -26.9% at the end of 2018. When compared to EBITDA, net debt fell to -2.03x at the end of 2018.
Mahle Behr Mnichovo Hradiste netted CZK 346 mil to its shareholders in the last year, up 14.5% when compared to the average seen in the last five years. The company produced a return on capital of 7.85% and return on equity of 9.16% in the last year. Since 2013, Mahle Behr Mnichovo Hradiste’s average ROCE amounted to 7.82% and ROE 9.74%.
When compared to selected peers, Mahle Behr Mnichovo Hradiste has grown 0.923 pp slower in sales in the last five years. It was also 1.03 pp more profitable in terms of ROCE, and achieved 0.487 pp lower EBITDA margin based on a last year's results.
In terms of indebtedness, the company operated with 27.1 pp lower net debt to equity at the end of 2018 when compared to its peers (-26.9% at Mahle Behr Mnichovo Hradiste vs. 0.175% of its peers).
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