Neochim Q1'15 uncons revenue up 11.8% YoY, EBITDA jumps 5-fold to BGN 9.8m to bring net income to BGN 6.4m (POSITIVE)
Neochim booked BGN 91.2m uncons revenues in Q1 2015, up 11.8% YoY as exports increased by 50% YoY to BGN 33.4m, while domestic sales declined by 2.6% YoY. In the same time OPEX increased by just 2% YoY to BGN 81.5m, thus bringing the EBITDA at BGN 9.7m, up more than five-fold. The EBITDA margin came to 10.7% vs. 1.9% in Q1’14. The main OPEX component, material costs came to BGN 71.7m, up 2.1% YoY thus falling to 78.5% as percentage of sales (86% of sales in Q1’15). Compensation costs were reduced by 14% YoY to BGN 5.3m, but this decline was offset by the increase of hired services costs, which jumed by 25% YoY to BGN 4.3m. Further down the line interest costs remained virtually flat at BGN 0.5m and as a result net income came to BGN 6.4m against the negative result of BGN 1.6m in the corresponding period of 2014.
Source: Neochim; FFBH
Neochim booked BGN 91.2m uncons revenues in Q1 2015, up 11.8% YoY as exports increased by 50% YoY to BGN 33.4m, while domestic sales declined by 2.6% YoY. In the same time OPEX increased by just 2% YoY to BGN 81.5m, thus bringing the EBITDA at BGN 9.7m, up more than five-fold. The EBITDA margin came to 10.7% vs. 1.9% in Q1’14. The main OPEX component, material costs came to BGN 71.7m, up 2.1% YoY thus falling to 78.5% as percentage of sales (86% of sales in Q1’15). Compensation costs were reduced by 14% YoY to BGN 5.3m, but this decline was offset by the increase of hired services costs, which jumed by 25% YoY to BGN 4.3m. Further down the line interest costs remained virtually flat at BGN 0.5m and as a result net income came to BGN 6.4m against the negative result of BGN 1.6m in the corresponding period of 2014.
Source: Neochim; FFBH
...
Коментар