This report analyses the financial performance of Mahle Behr Ostrava 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 Ostrava announced a net profit of CZK 262 mil in 2018, down 25.0% when compared to the last year. Sales decreased 0.817% yoy to CZK 6,138 mil, EBITDA fell 7.92% to CZK 564 mil and net margin amounted to 4.28%. In the last three years, the Company grew its revenues by 7.16% a year, and produced an average return on capital of 9.37% and return on equity of 12.5%.
The key highlights are:
Sales decreased 0.817% yoy to CZK 6,138 mil in 2018. That’s compared to average growth of 7.16% in the last three years and 61.4% more when compared to the average annual increase in the last decade.
EBITDA amounted to CZK 564 mil and fell 7.92% when compared to last year. EBITDA margin reached 9.19%, down 1.04%pp when compared to a 5-year average.
Company’s indebtedness fell when measured by Net Debt/Equity and reached 22.4% at the end of 2018. When compared to EBITDA, net debt fell to 1.13x at the end of 2018.
Mahle Behr Ostrava netted CZK 262 mil to its shareholders in the last year, up 2.10% when compared to the average seen in the last five years. The company produced a return on capital of 7.83% and return on equity of 9.81% in the last year. Since 2013, Mahle Behr Ostrava’s average ROCE amounted to 10.0% and ROE 12.6%.
When compared to selected peers, Mahle Behr Ostrava has grown 7.98 pp faster in sales in the last five years. It was also 2.42 pp less profitable in terms of ROCE, and achieved 2.60 pp lower EBITDA margin based on a last year's results.
In terms of indebtedness, the company operated with 18.4 pp higher net debt to equity at the end of 2018 when compared to its peers (22.4% at Mahle Behr Ostrava vs. 4.00% of its peers).
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