VIDRALA, S.A.
BUSINESS PERFORMANCE Q3 2020
MAIN FIGURES (NINE MONTHS ENDED)
September | September | Change | Change on | |
2020 | 2019 | constant currency basis | ||
Sales (EUR million) | 749.8 | 761.9 | -1.6% | -1.5% |
EBITDA (EUR million) | 203.6 | 206.3 | -1.3% | -1.1% |
Earnings per share (EUR) | 4.11 | 3.99 | +3.0% | |
Debt / EBITDA | 1.0x | 1.3x | -0.3x |
Important: In order to allow comparability, last year's earnings per share has been adjusted for the effect of the bonus share issue carried out in December 2019.
Sales during the first nine months 2020 amounted to EUR 749.8 million, showing an organic change of -1.5%.
Operating profit, EBITDA, was EUR 203.6 million representing an operating margin of 27.2%.
Net debt at September 30, 2020 declines by 21% versus the previous year, reflecting a leverage ratio of 1.0 times last twelve months EBITDA.
VIDRALA. Earnings Report. Third quarter 2020. │ 1
Earnings performance
Sales
Sales reported by Vidrala during the first nine months 2020 amounted to EUR 749.8 million, a change of -1.6% over the previous year. On a constant currency basis, sales reflected an organic change of -1.5%.
SALES
YEAR OVER YEAR CHANGE
EUR million
800 | ||||||||||||||
-1.5% | -0.1% | |||||||||||||
700 | 761.9 | |||||||||||||
749.8 | ||||||||||||||
600 | ||||||||||||||
500
400
9M 2019 | Organic | FX | 9M 2020 |
change | effect | ||
EUR/GBP: | EUR/GBP: | ||
0.8835 | 0.8851 |
Operating results
Operating profit -EBITDA- obtained in the first nine months 2020 reached EUR 203.6 million, a change of -1.3% over the figure reported last year. Organic change, on a constant currency basis, was -1.1%.
Over sales, EBITDA margin stood at 27.2%.
EBITDA
YEAR OVER YEAR CHANGE
EUR million
225
-1.1% | -0.2% | ||||||||||||
200 | |||||||||||||
206.3 | 203.6 | ||||||||||||
175 | |||||||||||||
150
125
9M 2019 | Organic | FX | 9M 2020 |
change | effect | ||
EUR/GBP: | EUR/GBP: | ||
0.8835 | 0.8851 |
OPERATING MARGINS EBITDA
YEAR OVER YEAR CHANGE
As percentage of sales
28% | ||||||
27.2% | ||||||
27.1% | ||||||
26% | +8 bps | |||||
24% | ||||||
22% | ||||||
20% | ||||||
9M 2019 | 9M 2020 | |||||
VIDRALA. Earnings Report. Third quarter 2020. │ 3
Results and financial position
Net profit in the first nine months amounted to EUR 111.0 million. As a result, earnings reached EUR 4.11 per share, an increase of 3.0% over the previous year.
Net debt at September 30, 2020 stood at EUR 262.6 million, reflecting a leverage ratio of 1.0 times last twelve months EBITDA.
DEBT
QUARTERLY EVOLUTION
Debt in EUR million and times EBITDA
500 | 1,4x | ||
1.3x | |||
1.2x | |||
400 | 1.1x | 1.1x | 1,2x |
300 | 1.0x | 1,0x | ||||||||||
200 | 0,8x | |||||||||||
333 | 335 | 313 | 294 | |||||||||
263 | ||||||||||||
100 | 0,6x | |||||||||||
0 | 0,4x | |||||||||||
Sep-19 | Dec-19 | Mar-20 | Jun-20 | Sep-20 | ||||||||
VIDRALA. Earnings Report. Third quarter 2020. │ 4
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Vidrala SA published this content on 21 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 October 2020 05:54:02 UTC