This report analyses the financial performance of Rollpap for the 2019. You will find all the necessary details regarding company's profitability, volume growth, indebtedness and a comparison with selected peers.
Rollpap announced a net loss of CZK 3.17 mil in 2019, down 34.1% when compared to the last year. Sales increased 6.81% yoy to CZK 128 mil, EBITDA rose 107% to CZK 3.80 mil and net margin amounted to -2.47%. In the last three years, the Company grew its revenues by 3.57% a year, and produced an average return on capital of -1.90% and return on equity of -6.03%.
The key highlights are:
Sales increased 6.81% yoy to CZK 128 mil in 2019. That’s compared to average growth of 3.57% in the last three years and 14.6% more when compared to the average annual increase in the last decade.
EBITDA amounted to CZK 3.80 mil and grew 107% when compared to last year. EBITDA margin reached 2.97%, up 1.27%pp when compared to a 5-year average.
Company’s indebtedness fell when measured by Net Debt/Equity and reached 165% at the end of 2019. When compared to EBITDA, net debt fell to 12.5x at the end of 2019.
Rollpap netted CZK -3.17 mil to its shareholders in the last year, up 309% when compared to the average seen in the last five years. The company produced a return on capital of -2.41% and return on equity of -10.4% in the last year. Since 2014, Rollpap’s average ROCE amounted to -0.220% and ROE -2.52%.
When compared to selected peers, Rollpap has grown 4.17 pp faster in sales in the last five years. It was also 25.5 pp less profitable in terms of ROCE, and achieved 28.0 pp lower EBITDA margin based on a last year's results.
In terms of indebtedness, the company operated with 179 pp higher net debt to equity at the end of 2019 when compared to its peers (165% at Rollpap vs. -14.5% of its peers).
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