This report analyses the financial performance of Marelli Automotive Lighting Czech Republic for the 2019. You will find all the necessary details regarding company's profitability, volume growth, indebtedness and a comparison with selected peers.
Marelli Automotive Lighting Czech Republic announced a net profit of CZK 121 mil in 2019, down 81.8% when compared to the last year. Sales decreased 0.808% yoy to CZK 12,741 mil, EBITDA fell 41.1% to CZK 751 mil and net margin amounted to 0.946%. In the last three years, the Company grew its revenues by -11.2% a year, and produced an average return on capital of 15.5% and return on equity of 18.6%.
The key highlights are:
Sales decreased 0.808% yoy to CZK 12,741 mil in 2019. That’s compared to average growth of -11.2% in the last three years and 9.20% more when compared to the average annual increase in the last decade.
EBITDA amounted to CZK 751 mil and fell 41.1% when compared to last year. EBITDA margin reached 5.89%, up 1.28%pp when compared to a 5-year average.
Company’s indebtedness fell when measured by Net Debt/Equity and reached 2.08% at the end of 2019. When compared to EBITDA, net debt fell to 0.077x at the end of 2019.
Marelli Automotive Lighting Czech Republic netted CZK 121 mil to its shareholders in the last year, up 11,954% when compared to the average seen in the last five years. The company produced a return on capital of 2.89% and return on equity of 3.94% in the last year. Since 2014, Marelli Automotive Lighting Czech Republic’s average ROCE amounted to 26.6% and ROE 28.7%.
When compared to selected peers, Marelli Automotive Lighting Czech Republic has grown 3.79 pp slower in sales in the last five years. It was also 36.6 pp more profitable in terms of ROCE, and achieved 3.53 pp higher EBITDA margin based on a last year's results.
In terms of indebtedness, the company operated with 0.476 pp lower net debt to equity at the end of 2019 when compared to its peers (2.08% at Marelli Automotive Lighting Czech Republic vs. 2.55% of its peers).
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