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MarketScreener Homepage  >  Equities  >  Italian Stock Exchange  >  Openjobmetis S.p.A.    OJM   IT0003683528

OPENJOBMETIS S.P.A.

(OJM)
  Report
Delayed Quote. Delayed Italian Stock Exchange - 07/10 11:35:34 am
6.1 EUR   --.--%
07/06OPENJOBMETIS S P A : Report - Buy Back Program
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06/29OPENJOBMETIS S P A : Report - Buy Back Program
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Openjobmetis S p A : Conference Call 3M 2020 - 15 May 2020

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05/15/2020 | 09:05am EDT

WINEGROWER OR

PARAMEDIC OR

TRACTOR DRIVER?

PHYSIOTHERAPIST?

3M 2020 Results Conference Call

Milan, 15 May 2020

THE HEAVY IMPACT OF COVID-19 ON THE ECONOMIES

2

1

4

3

  1. In the Eurozone a drop of 7,7% - EU's Single Market in danger
  2. Recovery too slow: Italy worst of all in the biennium2020-21
  3. Work market: in March increase of inactives
  4. The cry of the mechanical sector: every day we loss 1.7 billion

© Openjobmetis S.p.A. - Sede Legale: Via G. Fara 35, 20124 Milano - www.openjobmetis.it - info@openjobmetis.it

2

SUSPENSION OF THE DIGNITY DECREE

In order to promote the recovery of business activities, the Government has adopted two facilities for the temporary work by agencies

  • Law 24 April 2020, n.27 Art. 19bis
    • The Article19bis, introduced during the conversion into law of «Cure Italy» decree, grants the possibility to renew or extend temporary work by agencies contracts even if social shock absorbers (e.g. «Cassa Integrazione Guadagni») have been requested.
  • «Relaunch Decree» approved on 13 May 2020
    • The Article 99 grants the possibility to renew or extend temporary work by agencies contracts without the need to indicate the «reasons» required by the «Dignity Decree».

3

TEMPORARY WORK IN ITALY

Revenues Q1 2020 vs. Q1 2019

-6,0%

-5,3%

-0,6%

-8,0%

Sources: Company data

© Openjobmetis S.p.A. - Sede Legale: Via G. Fara 35, 20124 Milano - www.openjobmetis.it - info@openjobmetis.it

4

#OURSMARTWORKING

Openjobmetis was one of the essential activities enabled to operate during the lockdown phase. A plan of «Smart Working» was implemented in record time

  • Commercial Activity
    • Constant support to clients on the legislation relating to theCOVID-19 epidemic
    • Ad hoc initiatives on lead sectors such asagri-food
    • Organization for the restart of the activities with clients
  • Selection and branch activities
    • Interviews through digital platforms
    • Ad hoc recruitment campaign on specific sectors such as health care andagri-food
  • Direct staff training
    • Branch staff training through Webinars
    • Advanced training of commercial network

#neverstoplookingforajob #Openjobmetisishere #oursmartworking

© Openjobmetis S.p.A. - Sede Legale: Via G. Fara 35, 20124 Milano - www.openjobmetis.it - info@openjobmetis.it

5

RESULTS 3M 2020 VS 3M 2019

REVENUES AND

NET INCOME

NFP

Stable

Better ~ € 3,7 mln

despite COVID -19

vs NFP as at 31/12/2019

#RESULTS

3M 2020

© Openjobmetis S.p.A. - Sede Legale: Via G. Fara 35, 20124 Milano - www.openjobmetis.it - info@openjobmetis.it

6

REVENUES BY COMPANY(EURO '000, NET OF INTERCOMPANY)

Company

Business area

3M 2019

3M 2020

Var%

126.271

124.910

(1,1%)

Temporary work

2.378

3.042

27,9%

Temporary workers training

687

657

(4,4%)

and other revenues

Research and selection;

714

811

13,6%

focus on middle and top

management

Head Hunting digital platform

125

51

(59,2%)

Outplacement and

463

255

(44,9%)

managerial training

Research and selection of

-

128

-

personnel with disabilities

Group Revenues

130.638

129.854

(0,6%)

Group Gross Margin (reported)

17.164

15.667

(8,7%)

Gross margin % (reported)

13,1%

12,1%

© Openjobmetis S.p.A. - Sede Legale: Via G. Fara 35, 20124 Milano - www.openjobmetis.it - info@openjobmetis.it

7

ECONOMIC INDICATORS 3M 2020 VS 3M 2019

Revenues (€ mln)

EBITDA (€ mln)

3M 2019

130,6

2018

4,6

3M 2019

2019

Q1

2018

Q1

2018

2019

129,9

3M 2020

3,4

3M 2020

2019

2018

2018

2019

2019

Gross Margin (€ mln )

Net Income (€ mln)

2018

2018

2019

17,2

3M20192019

1,2

3M 2019

Q1

2018

Q1

2019

2019

3M 2020

15,7

3M 2020

1,2

2018

2018

2019

2019

© Openjobmetis S.p.A. - Sede Legale: Via G. Fara 35, 20124 Milano - www.openjobmetis.it - info@openjobmetis.it

8

BALANCE SHEET INDICATORS

31/12/18

31/03/19

31/12/19

31/03/20

NWC

41,4

36,0

42,4

39,2

(Euro millions)

NFP

24,2

29,5

30,1

26,4

(Euro millions)

17,6 PRE IFRS 16

18,1 PRE IFRS 16

14,4 PRE IFRS 16

DSO(days)

70

75

74

73

Credits/Revenues *360 or

*90 (3M)

NFP / EQUITY

0,25

0,30

0,29

0,25

0,18 PRE IFRS 16

0,18 PRE IFRS 16

0,14 PRE IFRS 16

Quarterly DSO

Q1:

Q2:

Q3:

Q4:

Q1:

Q2:

Q3:

Q4:

76

72

74

69

75

73

70

70

© Openjobmetis S.p.A. - Sede Legale: Via G. Fara 35, 20124 Milano - www.openjobmetis.it - info@openjobmetis.it

9

INCOME STATEMENTS 3M 2020 VS 3M 2019

(Euro '000)

At 31 March

Var. 2020/2019

2020

2019

Revenues

129.854

130.638

(784)

Costs of temporary work

(114.187)

(113.474)

(713)

Gross Margin

15.667

17.164

(1.497)

Other income

1.986

2.194

(208)

Employee costs

(8.274)

(8.441)

167

Cost of raw materials and consumables

(53)

(75)

22

Costs for services

(5.792)

(6.135)

343

Other operating expenses

(142)

(148)

6

EBITDA

3.392

4.558

(1.166)

Impairment loss on trade and other receivables

(320)

(1.190)

870

Amortisation/depreciation

(1.173)

(1.144)

(29)

EBITA

1.899

2.225

(326)

Amortisation of intangible assets

(11)

(11)

0

EBIT

1.888

2.214

(326)

Financial income

3

11

(8)

Financial expense

(135)

(295)

160

Pre-tax profit (loss)

1.756

1.930

(174)

Income taxes

(586)

(706)

120

Profit (loss) for the period

1.170

1.224

(54)

© Openjobmetis S.p.A. - Sede Legale: Via G. Fara 35, 20124 Milano - www.openjobmetis.it - info@openjobmetis.it

10

BALANCE SHEET 3M 2020 VS 2019

(Euro '000)

Var 2020/2019

31/03/2020

% on NIC* /

31/12/2019

% on NIC* /

Total sourc.

Total sourc.

Intangible assets and goodwill

76.039

57,6%

75.992

62,7%

47

Property, plant and equipment

2.474

1,9%

2.422

2,0%

52

Right of use for leases

11.999

9,1%

11.989

-

10

Other net non-current assets and liabilities

2.197

1,7%

1.602

1,4%

595

Total non-current assets/liabilities

92.709

70,3%

92.005

66,0%

704

Trade receivables

104.862

79,5%

116.357

94,6%

(11.495)

Other receivables

10.414

7,9%

8.479

6,6%

1.935

Current tax assets

469

0,4%

1.081

0,0%

(612)

Trade payables

(7.662)

(5,8%)

(7.942)

(4,7%)

280

Current employee benefits

(40.487)

(30,7%)

(40.403)

(32,8%)

(84)

Other payables

(26.360)

(20,0%)

(33.171)

(27,6%)

6.811

Current tax liabilities

(51)

(0,0%)

(24)

(0,6%)

(27)

Current provisions for risks and charges

(1.945)

(1,5%)

(1.962)

(1,6%)

17

Net working capital

39.240

29,7%

42.415

34,0%

(3.175)

Total loans - net invested capital

131.949

100,0%

134.420

100,0%

(2.471)

Equity

104.326

79,1%

103.159

79,2%

1.167

Net financial indebtedness

26.391

20,0%

30.103

19,9%

(3.712)

Employee benefits

1.232

0,9%

1.158

0,9%

74

Total sources

131.949

100,0%

134.420

100,0%

(2.471)

* Net invested capital

© Openjobmetis S.p.A. - Sede Legale: Via G. Fara 35, 20124 Milano - www.openjobmetis.it - info@openjobmetis.it

11

DISCLAIMER

  • This document was prepared by Openjobmetis S.p.A. Employment Agency ("Openjobmetis" or the "Company") to be used exclusively during today's presentation on the Company and its subsidiaries (jointly the "Group") for purposes other than that for which it was prepared.
  • The information contained here was not subject to review or audit by any independent body or party and there are no guarantees of any type, implicit or explicit, to that regard, nor it is possible to rely on the correctness, accuracy, completeness, or precision of the information and opinions contained in this document.
  • Certain portions of this presentation contain prospective statements/figures that merely represent estimates and that could be different, even dramatically, from effective future results obtained. The Company, the other companies of the Group, related directors, employees, consultants or representatives, its directors, employees, consultants or representatives, cannot be considered in any way responsible for any consequences, direct or indirect, resulting from the reading, processing or evaluation of this document or from any event that occurs to anyone with which it is associated. This document does not contain all the information inherent to the Company, its activities and the reference sector that may be necessary to evaluate an investment decision.
  • This document cannot constitute the information and valuation basis for any type of market solicitation and does not constitute an offer or an invitation to purchase or subscribe shares, and it does not, nor does any part of it, constitute a contract or a commitment to contract, nor can it be relied upon in relation to the stipulation of any contract or assumption of commitments of any kind.
  • The document was presented exclusively for your information and cannot be reproduced, transmitted or distributed to third parties, nor can it be published, as a whole or in part, for any reason. Failure to observe these conditions could constitute a violation of applicable regulations.
  • Unless otherwise provided, the information and opinions contained in this document are provided based on the situation existing as at the date of this presentation and, therefore, are subject to changes or variations without the obligation of prior notification. The Company does not assume any responsibility in relation to the modification or update of this document, nor does it commit to provide additional information that may be requested by the intended readers.
  • This document contains statements and estimates that are not necessarily linked to actual events, but that regard future events and are identified by word such as "belief", "expectation", "estimate", "intention", "forecast", "objective", "strategy", "target" and other similar expressions. These statements, as well as the assumptions, opinions, and judgements of the Company and third parties, are subject to modification, even significantly, and are by nature opinions and forecasts and, as such, are uncertain and subject to risks. Therefore, the final results or events may differ, possibly dramatically, from the forecasts. Neither the Company nor the Group assumes any obligation to update any of the statements regarding future circumstances or forecasts, hence these statements are updated as of the date of this document and it is not possible to rely on them.
  • The statements contained in this document and regarding past activities or trends do not constitute a representation or a guarantee that these activities or these trends will continue in the future.
  • Having accepted this document or having taken part in its presentation, the reader (a) declares that he/she has read and accepts that he/she is bound to comply with the provisions of this disclaimer; and (b) commits to not divulge the information contained herein to third parties, in full compliance with the above.

© Openjobmetis S.p.A. - Sede Legale: Via G. Fara 35, 20124 Milano - www.openjobmetis.it - info@openjobmetis.it

12

Disclaimer

Openjobmetis S.p.A. published this content on 15 May 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 May 2020 13:04:04 UTC

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Sales 2020 490 M 553 M 553 M
Net income 2020 4,09 M 4,62 M 4,62 M
Net Debt 2020 24,8 M 28,0 M 28,0 M
P/E ratio 2020 20,1x
Yield 2020 1,74%
Capitalization 80,5 M 91,1 M 91,0 M
EV / Sales 2019
EV / Sales 2020 0,21x
Nbr of Employees 649
Free-Float 77,2%
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