This report analyses the financial performance of Viscuma for the 2019. You will find all the necessary details regarding company's profitability, volume growth, indebtedness and a comparison with selected peers.
Viscuma announced a net profit of CZK 7.34 mil in 2019, up 114% when compared to the last year. Sales increased 18.2% yoy to CZK 178 mil, EBITDA rose 70.4% to CZK 12.1 mil and net margin amounted to 4.13%. In the last three years, the Company grew its revenues by 3.23% a year, and produced an average return on capital of 12.9% and return on equity of 9.23%.
The key highlights are:
Sales increased 18.2% yoy to CZK 178 mil in 2019. That’s compared to average growth of 3.23% in the last three years and 34.4% more when compared to the average annual increase in the last decade.
EBITDA amounted to CZK 12.1 mil and grew 70.4% when compared to last year. EBITDA margin reached 6.83%, up 1.68%pp when compared to a 5-year average.
Company’s indebtedness fell when measured by Net Debt/Equity and reached -39.0% at the end of 2019. When compared to EBITDA, net debt fell to -2.24x at the end of 2019.
Viscuma netted CZK 7.34 mil to its shareholders in the last year, up 21.5% when compared to the average seen in the last five years. The company produced a return on capital of 14.7% and return on equity of 11.0% in the last year. Since 2014, Viscuma’s average ROCE amounted to 18.6% and ROE 11.0%.
When compared to selected peers, Viscuma has grown 4.86 pp slower in sales in the last five years. It was also 32.0 pp more profitable in terms of ROCE, and achieved 0.114 pp lower EBITDA margin based on a last year's results.
In terms of indebtedness, the company operated with 41.7 pp lower net debt to equity at the end of 2019 when compared to its peers (-39.0% at Viscuma vs. 2.72% of its peers).
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