ANTALIS Gross margin | EBITDA | |
rate | Margin | |
24.4 % | 2.6% | |
Sales | Gross margin | EBITDA |
€2,074 million | €506 million | €54 million |
- down 8.6% on a comparable basis(1)
- down 10.3% as reported
- down 8.4% on a comparable basis(1)
- down 9.7% as reported
- down 27.2% on a comparable basis(1)
- down 27.6% as reported
Net loss | Net debt |
at 31 December 2019 |
€72 million | €346 million |
€ millions | 2019 | 2018 | Variance | |||
Sales Main European Geographies | 1,063.7 | 1,179.4 | - 9.8% | |||
• | UK & Ireland | 542.2 | 594.8 | - 8.8% | ||
• | Germany & Austria | 283.4 | 309.3 | - 8.4% | ||
• | France | 238.4 | 275.3 | - 13.5% | ||
Gross margin | 242.6 | 267.8 | - 9.4% | |||
Gross margin (% of sales) | 22.8% | 22.7% | + 0.1 pt | |||
EBITDA | 27.6 | 38.4 | - 28.1% | |||
EBITDA margin (as a % of sales) | 2.6% | 3.3% | - 0.2 pt | |||
€ millions | 2019 | 2018 | Variance | ||
Sales | 865.4 | 929.6 | - 6.9% | ||
Gross margin | 220.7 | 235.4 | - 6.2% | ||
Gross margin (% of sales) | 25.5% | 25.3% | + 0.2 pt | ||
EBITDA | 22.1 | 28.2 | - 21.6% | ||
EBITDA margin (as a % of sales) | 2.6% | 3.0% | - 0.4 pt | ||
€ millions | 2019 | 2018 | Variance |
Sales | 202.0 | ||
Gross margin | 42.3 | 57.0 | - 25.8% |
Gross margin (% of sales) | 29.2% | 28.2% | + 1 pt |
EBITDA | 4.3 | 8.1 | - 47.3% |
EBITDA margin (as a % of sales) | 3.0% | 4.0% | - 1 pt |
Sales | Gross margin | Gross margin/Sales | ||||||||||
€ millions | 2019 | 2018 | 2018 | 2019 | 2018 | |||||||
2019 | ||||||||||||
Papers | ||||||||||||
1 374.8 | 1 580.7 | - 13.0% | 307.3 | 355.9 | - 13.7% | 22.4% | 22.5% | - 0.1 pt | ||||
Packaging | ||||||||||||
497.9 | 517.2 | - 3.7% | 140.8 | 144.4 | - 2.5% | 28.3% | 27.9% | + 0.4 pt | ||||
Visual Communication | ||||||||||||
- 4.0% | ||||||||||||
201.3 | 213.1 | - 5.5% | 57.5 | 59.9 | 28.6% | 28.1% | + 0.5 pt | |||||
TOTAL | 2 074.0 | 2 311.0 | - 10.3% | 505.6 | 560.2 | - 9.7% | 24.4% | 24.2% | - 0.2 points | |||
Analysis of gross | contribution | Sales by business sector | |||||||||
700 | |||||||||||
600 | |||||||||||
500 | |||||||||||
400 | 86% | 83% | 78% | 75% | 75% | 71% | 67% | 65% | 63% | 61% | |
300 | |||||||||||
200 | 10% | 11% | 11% | 11% | |||||||
9% | 10% | ||||||||||
8% | 9% | ||||||||||
100 | |||||||||||
5% | 7% | 23% | 24% | 26% | 28% | ||||||
19% | |||||||||||
14% | 16% | 16% | |||||||||
9% | 10% | ||||||||||
0 | |||||||||||
Packaging | Visual Communication | Papers |
|
|
|
|
|
in € millions | 2019 | 2018 | ||
Sales | 2,074.0 | 2,311.0 | - 10.3% | |
Gross margin | 505.6 | 560.2 | - 9.7% | |
EBITDA | 54.1 | 74.7 | - 27.6% | |
EBITDA margin (as a % of sales) | 2.6% | 3.2% | - 0.6 pt | |
Current operating income | 31.2 | 52.6 | - 40.9% | |
Current operating margin (as a % of sales) | 1.5% | 2.3% | - 0.8 pt | |
Non-recurring items | (58.0) | (44.4) | NA | |
Net financial expense | (37.8) | (38.7) | NA | |
Income taxes | (7.4) | 0.9 | NA | |
Non-controlling interests | - | (0.1) | NA | |
Net income (loss) attributable to owners | (72.0) | (29.7) | NA | |
( € millions )
80 | 74.7 | 0.5 | ||||||
70 | (0.9) | |||||||
60 | 20.9 | 54.1 | ||||||
50 | ||||||||
13.4 | ||||||||
40 | ||||||||
30 | (8.1) | |||||||
(46.4) | ||||||||
20 | ||||||||
10 | ||||||||
EBITDA | Forex | Perimeter | Margins/Mix/ | Variable costs | Inflation | Overheads | EBITDA | |
2018 | impact | Volumes | 2019 |
in € millions | 2019 |
Restructuring costs | (25.2) |
Disposals & Asset write-downs | (24.6) |
Other non-recurring items | (8.2) |
Non-recurring items | (58.0) |
€ millions | 31 December 2019 | 31 December 2018 | |
Goodwill | 106.8 | 120.0 | |
Property, plant & equipment and intangible assets | 68.7 | 81.5 | |
Rights of use | 108.7 | - | |
Operating WCR | 187.5 | 177.7 | |
Capital employed | 471.7 | 379.2 | |
Pension plan net surplus | 74.4 | 57.0 | |
Other assets (net) | 16.6 | 19.1 | |
Total | 562.7 | 455.3 | |
Shareholders' equity | 48.0 | 112.7 | |
Non-controlling interests | 0.2 | 0.7 | |
Provisions | 54.1 | 54.1 | |
Net debt excluding leases | 345.8 | 287.8 | |
Lease debt | 114.6 | - | |
Total | 562.7 | 455.3 | |
in € millions | 2019 | 2018 |
Pension provisions | 37.0 | 35.7 |
Restructuring provisions | 6.4 | 3.7 |
Other risk and contingency provisions | 10.7 | 14.7 |
Total | 54.1 | 54.1 |
in €millions | 2018 | |
Consolidated net debt at beginning of period | (247.6) | |
EBITDA | 74.7 | |
Change in WCR of businesses | (9.9) | |
CAPEX | (20.7) | |
Operating cash flow | 44.1 | |
Net finance costs paid | (28.1) | |
Income tax expense | (6.3) | |
Restructuring costs & other non-recurring items | (19.8) | |
Disposals | 3.9 | |
Impact of changes in scope of consolidation | (7.6) | |
Dividends paid | (5.7) | |
Costs related to refinancing | (9.1) | |
Currency impact and other non-cash items | (5.7) | |
Costs of pension funds | (5.9) | |
(Increase)/decrease in net debt | (40.2) | |
Consolidated net debt at end of period | (287.8) | |
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Antalis International SA published this content on 20 May 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 May 2020 09:43:06 UTC
