VIDRALA, S.A.
BUSINESS PERFORMANCE H1 2021
MAIN FIGURES (SIX MONTHS ENDED)
June | June | Change | Change on | |
2021 | 2020 | constant currency basis | ||
Sales (EUR million) | 529.5 | 474.4 | +11.6% | +11.2% |
EBITDA (EUR million) | 149.4 | 122.4 | +22.1% | +21.4% |
Earnings per share (EUR) | 2.88 | 2.19 | +31.5% | |
Debt / LTM EBITDA (multiple) | 0.6x | 1.1x | -0.5x |
Important: In order to improve comparability, last year's earnings per share has been adjusted for the effect of the bonus share issue carried out in December 2020.
Sales during the first six months 2021 amounted to EUR 529.5 million, showing an organic growth of 11.6%.
Operating profit, EBITDA, was EUR 149.4 million representing an operating margin of 28.2%.
Earnings reached EUR 2.88 per share, an increase of 31.5% over the previous year.
Net debt at June 30, 2021 stood at 0.6 times last twelve months EBITDA, reflecting a year-on-year reduction of 41%.
Earnings performance
Sales
Net sales reported by Vidrala during the first six months 2021 amounted to EUR 529.5 million, representing a reported change of 11.6% over the previous year. On a constant currency basis, sales increased organically 11.2%.
SALES
YEAR OVER YEAR CHANGE
EUR million
600
+11.2% +0.4%
500 | 529.5 | |||||
474.4
400
300
H1 2020 | Organic | FX effect | H1 2021 |
change | |||
EUR/GBP: | EUR/GBP: | ||
0.8746 | 0.8680 |
VIDRALA. Earnings Report. First half 2021. │ 2
Operating results
Operating profit -EBITDA- obtained in the first six months 2021 reached EUR 149.4 million, an increase of 22.1% over the figure reported last year. On a constant currency basis, EBITDA reflected an organic growth of 21.4%.
Over sales, EBITDA margin stood at 28.2%.
EBITDA
YEAR OVER YEAR CHANGE
EUR million
175
+21.4% +0.7%
125 | 149.4 | |||||||
122.4
75
25
H1 2020 | Organic | FX effect | H1 2021 |
change | |||
EUR/GBP: | EUR/GBP: | ||
0.8746 | 0.8680 |
OPERATING MARGINS EBITDA
YEAR OVER YEAR CHANGE
As percentage of sales
30%
28.2%
28%
+242 bps
26%25.8%
24%
22%
H1 2020 | H1 2021 |
VIDRALA. Earnings Report. First half 2021. │ 3
Results and financial position
Net profit in the first half 2021 amounted to EUR 81.6 million. As a result, earnings reached EUR 2.88 per share, an increase of 31.5% over the previous year.
Net debt at June 30, 2021 stood at EUR 173.2 million, reflecting a leverage ratio of 0.6 times last twelve months EBITDA.
DEBT
YEAR OVER YEAR EVOLUTION SINCE JUNE 2018
Debt in EUR million and times EBITDA
700 | 2,5x | |||||||||||||||||
600 | 2.1x | |||||||||||||||||
2,0x | ||||||||||||||||||
500 | 1.6x | |||||||||||||||||
400 | 1,5x | |||||||||||||||||
1.1x | ||||||||||||||||||
300 | 1,0x | |||||||||||||||||
200 | 478 | 402 | 0.6x | |||||||||||||||
100 | 294 | 0,5x | ||||||||||||||||
173 | ||||||||||||||||||
0 | 0,0x | |||||||||||||||||
Jun-18 | Jun-19 | Jun-20 | Jun-21 |
VIDRALA. Earnings Report. First half 2021. │ 4
Key figures
June | June | |
2021 | 2020 | |
Sales (EUR million) | 529.5 | 474.4 |
EBITDA (EUR million) | 149.4 | 122.4 |
EBITDA margin (as percentage of sales) | 28.2% | 25.8% |
EBIT (EUR million) | 105.6 | 76.9 |
EBIT margin (as percentage of sales) | 19.9% | 16.2% |
Net profit (EUR million) | 81.6 | 62.2 |
Earnings per share (euros) | 2.88 | 2.19 |
Debt (EUR million) | 173.2 | 294.5 |
Debt / EBITDA (multiple) | 0.6x | 1.1x |
First half 2021. │ 5
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Vidrala SA published this content on 23 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 July 2021 05:57:10 UTC.