sales model - limited ability to transfer higher costs into prices for customers due to long-term contracts. concluded through public procurement procedures
unstable situation on foreign exchange markets
continued aggressive pricing strategy from competitors (mainly from Asia)
Actions to minimize the impact of the environment on performance:
reorganization of the Group's assets to increase their efficiency - relocation of factories. work on improving operational efficiency
renegotiation of contracts. changes in price lists for partners and distributors
focusing business development on the Water and Heat segment and on smart solutions
development of the most promising export markets
increase in debt for optimum stocking - work on warehouse management and logistics processes
control of other expenses
positive impact of sale of Apator Powogaz property in Poznań on consolidated results (at the level of EBITDA: PLN 34.1 million; at the level of net result: PLN 27.6 million) - one-time factor *
PLN 940.1M
PLN150.6 M
PLN 63.3 M
Sales revenue
(PLN116.5 M)
(PLN 35.7 M*)
EBITDA profit
Net profit
3
Business segments in 2021
PLN 375 M revenue
PLN 29 M EBITDA
78% domestic revenue
Increased sales in the key German market (+18% y/y)
the greatest impact of the macroeconomic situation on the segment's performance
4
PLN 270 M revenue
PLN 38 M EBITDA
69% export revenue
Strong export position in the European market
main foreign markets: UK. Belgium. Hungary. Turkey
PLN 295 M revenue
PLN 88 M EBITDA
(PLN 53.6 without real estate)
58% export revenue
record sales
operating leverage and efficiency improvements
main foreign markets: the Czech Republic. France. Spain
Financial results
of Apator Elkomtech SA
03.01.2022
5
PLN M
Sales
Gross result
from sales
Selling and
general
expenses
(SG&A)
Sales profit
EBITDA
Net profit
2021
2020
y/y
62.1
50.1
+24.0%
20.5
17.4
+17.8%
33.0%
34.7%
14.3
12.2
+17.2%
6.2
4.7
+31.9%
10.0%
9.4%
10.4
8.9
+16.9%
16.7%
17.8%
4.6
3.5
+31.4%
7.4%
7.0%
Key performance drivers:
Sales growth - rebuilding demand after pandemic. Sales of solutions for the gas sector after the acquisition of part of the Atrem company
Increase in gross profit on sales despite inflation (material price increases and disrupted supply chains)
Sales profit up 32% despite continued cost pressures:
Higher SG&A costs as a consequence of turnover and wage growth (main factors are low base 2021. takeover of Atrem resources. no shield)
Satisfactory level of net result with stable margin.
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Apator SA published this content on 11 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 July 2022 11:13:01 UTC.
Apator SA is a Poland-based company active in the switchgear and metering equipment industry. The Companyâs products are divided into two segments: Switchgear segment, offering switchgears, surge protective devices, devices for mining equipment, and drives; and Metering segment, offering electricity meters, water meters, gas meters and heat meters, as well as Information Technology (IT) solutions for metering systems. It also offers electrical energy measurement services. As of December 31, 2011, the Company formed a capital group and operated 11 subsidiaries, including Apator Control Sp. z o.o., Apator Minig Sp. z o.o., FAP Pafal SA, Apator Metrix SA, Apator GmbH, based in Germany, Apator Rector and Apator Powogaz SA, among others, as well as two affiliated companies. In May 2013, the Company sold a 60% stake in Newind Sp. z o.o.