First Half Results 2019/2020 Investor Presentation
Consolidated Highlights
Comprehensive income for the period ISK 1.721 m or 2,9% of sales
Earnings per share ISK 1,42
Sales for the period ISK 59.504 m
Gross profit for the period 22,0%.
EBITDA for the period ISK 4.523 m
Total assets ISK 60.031 m at the end of the period
Cash and cash equivalents ISK 2.759 m at the end of the period
Equity ISK 23.824 m at the end of the period
Equity ratio 39,7% at the end of the period
Income Statement and Balance Sheet
Statement of Comprehensive Income
Q2 2019/20
Q2 2018/19
6M 2019/20
6M 2018/19
01.06-31.0801.06-31.08
Change
%
01.03-31.08
01.03-31.08
Change
%
Sales
30.914
19.142
11.772
61,5%
59.504
37.734
21.770
57,7%
Cost of goods sold
(24.244)
(14.579)
(9.665)
66,3%
(46.402)
(28.579)
(17.823)
62,4%
Gross profit
6.670
4.563
2.107
46,2%
13.102
9.155
3.947
43,1%
Gross profit %
21,6%
23,8%
-
-2,3%
22,0%
24,3%
-
-2,2%
Other operating income
156
50
106
212,0%
264
106
158
149,1%
Salaries and related expenses
(2.965)
(1.951)
(1.014)
52,0%
(6.023)
(4.005)
(2.018)
50,4%
Other operating expenses
(1.372)
(1.479)
107
-7,2%
(2.820)
(2.880)
60
-2,1%
Profit from operating activities before depreciation and
2.489
1.183
1.306
110,4%
4.523
2.376
2.147
90,4%
amortisation (EBITDA)
EBITDA %
8,1%
6,2%
-
1,9%
7,6%
6,3%
-
1,3%
Depreciation and amortisation
(936)
(256)
(680)
265,6%
(1.869)
(505)
(1.364)
270,1%
Profit from operating activities (EBIT)
1.553
927
626
67,5%
2.654
1.871
783
41,8%
Net finance expense
(317)
(42)
(275)
654,8%
(615)
(76)
(539)
709,2%
Effect of results of associates
67
--
67
--
90
--
90
--
Profit before income tax
1.303
885
418
47,2%
2.129
1.795
334
18,6%
Income tax
(247)
(177)
(70)
39,5%
(408)
(359)
(49)
13,6%
Comprehensive income for the period
1.056
708
348
49,2%
1.721
1.436
285
19,9%
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Hagar hf. published this content on 30 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 October 2019 10:26:06 UTC
Hagar hf is an Iceland-based company primarily engaged in the retail trade. Through its stores, the Company offers food products, clothing, beauty products, home furnishings and leisure products. The Company is involved in the grocery retail sector through store chains, including Hagkaup and Bonus. Additionally, it is engaged in the sale of specialty products, through Hagkaup supermarkets, and in the operation of specialty stores, which provide apparel items, lingerie, home products, cosmetics sports and outdoor recreation equipment. It is also active in the wholesale of fresh fruits and vegetables, as well as in the meat processing. The Company operates a number of wholly owned subsidiaries, including Hagar verslanir ehf, Bananar ehf, DBH a Islandi ehf, Ferskar kjotvorur ehf, Noron ehf, Solhofn ehf, Ishofn ehf and Eignarhaldsfelagid Dagar ehf.