Investor Relations

Financial Highlights

Consolidated Statement of Profit or Loss
(Figures in million US$ unless stated otherwise)
2018
2019
2020
Revenue
347.1
383.7
393.3
Cost of goods sold
157.4
206.9
161.4
Gross profit
189.7
176.8
231.9
EBITDA1
226.1
224.6
240.4
Income from operations
184.7
172.8
217.1
Profit for the year
104.0
93.0
123.3
Total comprehensive income for the year
104.7
93.1
122.7
Consolidated Statement of Financial Position
(Figures in million US$ unless stated otherwise)
31-Dec-18
31-Dec-19
31-Dec-20
Current assets
186.3
173.6
101.9
Non-current assets
449.4
439.8
498.3
Total assets
635.7
613.4
600.2
Short-term bank loans
50.4
57.9
70.5
Current liabilities
94.6
105.9
126.0
Non-current liabilities
385.4
333.7
379.9
Total liabilities
480.0
439.6
505.9
Total equity
155.7
173.8
94.3
Consolidated Financial Ratios
2018
2019
2020
Gross profit margin (%)
54.7
46.1
59.0
EBITDA margin (%)
65.1
58.5
61.1
Operating margin (%)
53.2
45.0
55.2
Net income margin (%)
29.9
24.2
31.3
Return on assets (%)
17.9
14.8
20.3
Return on equity (%)
68.6
56.4
91.9
Total debt to EBITDA2 (x)
1.7
1.5
1.7
Net debt to EBITDA3 (x)
1.6
1.3
1.5
FFO to net debt4 (%)
41.9
56.7
44.6

Note:

  1. EBITDA refers to profit for the year before finance costs, finance income, income tax expense, depreciation and amortization.
  2. Total Debt represents bank loans and consumer finance loans (finance leases).
  3. Net Debt is calculated as the total balance of short-term bank loans, long-term bank loans (including the short-term portion) and long-term consumer finance loans (including the short-term portion), deducted by cash.
  4. Funds From Operations (“FFO”) is calculated by taking EBITDA less cash tax and finance costs.