This report analyses the financial performance of Montix for the 2019. You will find all the necessary details regarding company's profitability, volume growth, indebtedness and a comparison with selected peers.
Montix announced a net profit of CZK 12.5 mil in 2019, down 72.6% when compared to the last year. Sales decreased 11.0% yoy to CZK 793 mil, EBITDA fell 43.4% to CZK 78.2 mil and net margin amounted to 1.57%. In the last three years, the Company grew its revenues by -5.59% a year, and produced an average return on capital of 7.86% and return on equity of 18.2%.
The key highlights are:
Sales decreased 11.0% yoy to CZK 793 mil in 2019. That’s compared to average growth of -5.59% in the last three years and 38.3% more when compared to the average annual increase in the last decade.
EBITDA amounted to CZK 78.2 mil and fell 43.4% when compared to last year. EBITDA margin reached 9.85%, down 0.975%pp when compared to a 5-year average.
Company’s indebtedness fell when measured by Net Debt/Equity and reached 113% at the end of 2019. When compared to EBITDA, net debt fell to 2.83x at the end of 2019.
Montix netted CZK 12.5 mil to its shareholders in the last year, down 77.6% when compared to the average seen in the last five years. The company produced a return on capital of 2.32% and return on equity of 5.32% in the last year. Since 2014, Montix’s average ROCE amounted to 12.2% and ROE 38.2%.
When compared to selected peers, Montix has grown 33.2 pp faster in sales in the last five years. It was also 6.62 pp more profitable in terms of ROCE, and achieved 4.76 pp higher EBITDA margin based on a last year's results.
In terms of indebtedness, the company operated with 109 pp higher net debt to equity at the end of 2019 when compared to its peers (113% at Montix vs. 3.85% of its peers).
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