Hagar hf.

  • Finnur Árnason - October 30, 2019

Hagar hf.

First Half Results 2019/2020 Investor Presentation

Consolidated Highlights

  • Comprehensive income for the period ISK 1.721 m or 2,9% of sales
  • Earnings per share ISK 1,42
  • Sales for the period ISK 59.504 m
  • Gross profit for the period 22,0%.
  • EBITDA for the period ISK 4.523 m
  • Total assets ISK 60.031 m at the end of the period
  • Cash and cash equivalents ISK 2.759 m at the end of the period
  • Equity ISK 23.824 m at the end of the period
  • Equity ratio 39,7% at the end of the period

Income Statement and Balance Sheet

Statement of Comprehensive Income

Q2 2019/20

Q2 2018/19

6M 2019/20

6M 2018/19

01.06-31.0801.06-31.08

Change

%

01.03-31.08

01.03-31.08

Change

%

Sales

30.914

19.142

11.772

61,5%

59.504

37.734

21.770

57,7%

Cost of goods sold

(24.244)

(14.579)

(9.665)

66,3%

(46.402)

(28.579)

(17.823)

62,4%

Gross profit

6.670

4.563

2.107

46,2%

13.102

9.155

3.947

43,1%

Gross profit %

21,6%

23,8%

-

-2,3%

22,0%

24,3%

-

-2,2%

Other operating income

156

50

106

212,0%

264

106

158

149,1%

Salaries and related expenses

(2.965)

(1.951)

(1.014)

52,0%

(6.023)

(4.005)

(2.018)

50,4%

Other operating expenses

(1.372)

(1.479)

107

-7,2%

(2.820)

(2.880)

60

-2,1%

Profit from operating activities before depreciation and

2.489

1.183

1.306

110,4%

4.523

2.376

2.147

90,4%

amortisation (EBITDA)

EBITDA %

8,1%

6,2%

-

1,9%

7,6%

6,3%

-

1,3%

Depreciation and amortisation

(936)

(256)

(680)

265,6%

(1.869)

(505)

(1.364)

270,1%

Profit from operating activities (EBIT)

1.553

927

626

67,5%

2.654

1.871

783

41,8%

Net finance expense

(317)

(42)

(275)

654,8%

(615)

(76)

(539)

709,2%

Effect of results of associates

67

--

67

--

90

--

90

--

Profit before income tax

1.303

885

418

47,2%

2.129

1.795

334

18,6%

Income tax

(247)

(177)

(70)

39,5%

(408)

(359)

(49)

13,6%

Comprehensive income for the period

1.056

708

348

49,2%

1.721

1.436

285

19,9%

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Hagar hf. published this content on 30 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 October 2019 10:26:06 UTC