- Sales increased 11% to a record $505 million in Q4 2019, with organic growth of -2%. EBIT increased 22% to $51 million.
- Net income increased 28% to $35 million. Operating cash flow reached a record level of $97 million, up $40 million.
- Net debt to EBITDA was reduced to 2.5 from 3.2 in Q3. The Vietnam factory became profitable.
The document provides an overview of a company's results for the third quarter of 2019. Some key highlights include:
- Sales increased 20% to $446 million, with 6% organic growth. EBIT increased 2% to $27 million. Net income decreased 13% to $14.5 million.
- The global upper market segment saw strong growth with sales up 85% and EBIT up 148%. Bogart sales were $57 million.
- DGUSA sales grew 5% but EBIT declined 25% due to price pressure from a key retailer. A strategic plan is being implemented.
- Other segments like Delta European Brands and Delta Israel also saw sales growth.
The document provides an overview and highlights of Delta Galil Industries' results for the second quarter (Q2) of 2019. Some key points:
- Q2 2019 sales increased 10% to $374 million compared to the previous year. EBIT increased 13% to $17 million. Operating cash flow increased by $11 million.
- By segment, DGUSA sales were down 10% and EBIT down 83% due to a product return and weakness in activewear. Global Upper Market sales increased 26% and EBIT 74% with improvements in seamless and socks.
- Eminence contributed $20.8 million to sales. Delta Premium Brands sales fell 2% due to weakness in
Q1 2019 sales increased 9% to $365 million compared to Q1 2018. However, operating profit decreased 25% to $10.4 million due to factors such as currency devaluations against the US dollar and shifts in holiday timing. Cash flow improved by $27 million compared to Q1 2018. The results were impacted by IFRS 16 accounting standard changes applied starting in Q1 2019.
In Q4 2018, the company achieved record results with sales of $454 million, a 22% increase over Q4 2017. Operating profit grew 18% to $38.4 million, while excluding one-time costs, operating profit increased 30% compared to last year. Net income was $24.7 million, up 23%, and excluding one-time items, net income rose 36%. The company generated $56.5 million in operating cash flow in the quarter.
In 3Q14, BR Properties saw a 19% decrease in net revenues compared to 3Q13 due to property sales. Adjusted EBITDA was R$170.7 million with a margin of 89%. Net income increased 21% to R$107.9 million. The company signed new lease agreements, sold additional industrial properties, and prepaid debt with proceeds from asset sales. Financial vacancy rates declined again this quarter in offices and warehouses.
- Sales decreased 2% in Q2 2016 versus Q2 2015 to $249.5 million, due to an 11% decrease in the Delta USA segment which was partially offset by increases in other business segments.
- Operating profit decreased 7% in Q2 2016 due to lower profits in the Delta USA and Schiesser segments, while other segments improved.
- For the first half of 2016, revenues were relatively stable compared to the same period last year while operating profit decreased 5% due to higher depreciation expenses from investments for future growth.
The document provides an overview of Arezzo&Co's financial results for 1Q15. Key highlights include:
- Net revenue reached R$236.2 million, an increase of 10.7% year-over-year.
- Net income was R$18.1 million, with a net margin of 7.7%.
- EBITDA totaled R$28.1 million, an increase of 3.0% year-over-year, with a margin of 11.9%.
- The company expanded its sales area by 11.2% compared to 1Q14.
Gross revenue for Arezzo&Co reached R$367.0 million in 4Q15, a decrease of 2.3% over 4Q14. Net income was R$33.5 million, with a margin of 11.8% and growth of 9.4% excluding non-recurring items in 4Q14. EBITDA for 4Q15 amounted to R$44.7 million, with a margin of 15.8%. The company opened 18 new stores and expanded 3 existing stores, growing its sales area by 7.3% over the last 12 months. Cash generation was strong at R$49.3 million in the quarter.
The document provides an overview of a company's results for the third quarter of 2019. Some key highlights include:
- Sales increased 20% to $446 million, with 6% organic growth. EBIT increased 2% to $27 million. Net income decreased 13% to $14.5 million.
- The global upper market segment saw strong growth with sales up 85% and EBIT up 148%. Bogart sales were $57 million.
- DGUSA sales grew 5% but EBIT declined 25% due to price pressure from a key retailer. A strategic plan is being implemented.
- Other segments like Delta European Brands and Delta Israel also saw sales growth.
The document provides an overview and highlights of Delta Galil Industries' results for the second quarter (Q2) of 2019. Some key points:
- Q2 2019 sales increased 10% to $374 million compared to the previous year. EBIT increased 13% to $17 million. Operating cash flow increased by $11 million.
- By segment, DGUSA sales were down 10% and EBIT down 83% due to a product return and weakness in activewear. Global Upper Market sales increased 26% and EBIT 74% with improvements in seamless and socks.
- Eminence contributed $20.8 million to sales. Delta Premium Brands sales fell 2% due to weakness in
Q1 2019 sales increased 9% to $365 million compared to Q1 2018. However, operating profit decreased 25% to $10.4 million due to factors such as currency devaluations against the US dollar and shifts in holiday timing. Cash flow improved by $27 million compared to Q1 2018. The results were impacted by IFRS 16 accounting standard changes applied starting in Q1 2019.
In Q4 2018, the company achieved record results with sales of $454 million, a 22% increase over Q4 2017. Operating profit grew 18% to $38.4 million, while excluding one-time costs, operating profit increased 30% compared to last year. Net income was $24.7 million, up 23%, and excluding one-time items, net income rose 36%. The company generated $56.5 million in operating cash flow in the quarter.
In 3Q14, BR Properties saw a 19% decrease in net revenues compared to 3Q13 due to property sales. Adjusted EBITDA was R$170.7 million with a margin of 89%. Net income increased 21% to R$107.9 million. The company signed new lease agreements, sold additional industrial properties, and prepaid debt with proceeds from asset sales. Financial vacancy rates declined again this quarter in offices and warehouses.
- Sales decreased 2% in Q2 2016 versus Q2 2015 to $249.5 million, due to an 11% decrease in the Delta USA segment which was partially offset by increases in other business segments.
- Operating profit decreased 7% in Q2 2016 due to lower profits in the Delta USA and Schiesser segments, while other segments improved.
- For the first half of 2016, revenues were relatively stable compared to the same period last year while operating profit decreased 5% due to higher depreciation expenses from investments for future growth.
The document provides an overview of Arezzo&Co's financial results for 1Q15. Key highlights include:
- Net revenue reached R$236.2 million, an increase of 10.7% year-over-year.
- Net income was R$18.1 million, with a net margin of 7.7%.
- EBITDA totaled R$28.1 million, an increase of 3.0% year-over-year, with a margin of 11.9%.
- The company expanded its sales area by 11.2% compared to 1Q14.
Gross revenue for Arezzo&Co reached R$367.0 million in 4Q15, a decrease of 2.3% over 4Q14. Net income was R$33.5 million, with a margin of 11.8% and growth of 9.4% excluding non-recurring items in 4Q14. EBITDA for 4Q15 amounted to R$44.7 million, with a margin of 15.8%. The company opened 18 new stores and expanded 3 existing stores, growing its sales area by 7.3% over the last 12 months. Cash generation was strong at R$49.3 million in the quarter.
Delta reported a 9% increase in sales and a 10% increase in EBIT excluding one-time items for Q3 2018. Key highlights include strong growth for DGUSA with a 9% sales increase and 49% higher EBIT. Delta Israel also saw significant improvements with 19% higher sales and a $1.3M EBIT increase. The Eminence acquisition added $27.1M in sales for Delta European Brands. However, softness in the European market negatively impacted Schiesser and GUM segment results. One-time restructuring and acquisition costs lowered reported profits.
Bayer reported financial results for FY/Q4 2017. Group sales increased 2% to €35.0 billion, while EBITDA before special items remained at the prior year level of €9.3 billion. Core EPS from continuing operations increased 1% to €6.74. Pharmaceuticals recorded higher sales and encouraging earnings growth. The Crop Science business was down against the prior year as expected due to measures in Brazil. Bayer expects to close the acquisition of Monsanto in Q2 2018 pending regulatory approval.
Arezzo&Co reported strong financial results for 1Q17, with net income growing 51.1% YoY to R$22.2 million and EBITDA increasing 36.8% to R$36 million. All brands and channels experienced revenue growth, particularly Anacapri and Arezzo brands. The company also saw improvements in operating cash flow and ROIC. Arezzo&Co remains focused on optimizing its distribution network and working capital management.
This presentation by Pirelli & C SpA contains forward-looking statements about future performance that may differ from actual results due to various risks and uncertainties. It provides preliminary financial results for the first quarter of 2011, showing increases in revenues, EBITDA, EBIT, and net income compared to the same period last year, driven by strong pricing actions and efficiencies offsetting higher raw material costs. The presentation also updates Pirelli's full-year 2011 targets and provides additional details on financial and operating performance by business segment.
1) Hering reported strong financial results in 2009 with total gross revenue increasing 39.4% and EBITDA growing 71.9% to R$154 million.
2) The company expanded its store network opening 46 Hering Stores and 15 PUC Stores in 2009.
3) Same-store sales increased 27.2% in 2009 and 32.6% in the fourth quarter driven by increased store traffic.
4) Gross margins improved with the gross margin excluding depreciation reaching 53.1% in the fourth quarter.
5) The company outlined plans to further expand the Hering Store network to 405 stores by 2012 focused on
1) The document provides an overview of the company's financial results for Q1 2014, reporting increases in key metrics like sales, operating income, EBITDA, and EPS compared to Q1 2013.
2) It highlights improvements in the company's balance sheet, financial indicators, and segment results on a quarterly basis.
3) The document contains various disclaimers stating that any forecasts or estimates in the presentation should not be considered as assured outcomes and may differ materially from actual future results.
The document summarizes the financial results of Arezzo&Co for the third quarter of 2016. Some key highlights include:
- Net income was R$35.4 million, with a margin of 10.2%
- Gross profit increased 14.4% to R$152.2 million and gross margin grew 170 basis points
- EBITDA grew 12.5% to R$55.9 million with a margin of 16.1%
- Same-store sales increased 6.4% across owned stores, franchises, and web commerce channels
1) Arezzo&Co reported a 7.1% increase in gross revenue to R$257.8 million in 1Q14, with 10.3% growth in the domestic market. Gross profit grew 2.9% to R$92.1 million while EBITDA declined 4.7% to R$27.3 million.
2) Net income reached R$17.4 million, an 8.2% net margin. The company also opened 3 new stores and expanded 1 store in the quarter.
3) Cash flow from operations was R$33.9 million, in line with the prior year. Capital expenditures declined 12.2% to R$9.9 million while debt
- Bayer reported increased sales and earnings for Q3 2017 compared to the same period last year, despite deconsolidating Covestro from its results.
- Core earnings per share (EPS) from continuing operations rose 1% to €1.53 due to sales growth, while EBITDA before special items increased 4% to €2,204 million.
- The company confirmed its full-year 2017 outlook, expecting low single-digit sales growth to €35-36 billion and slightly higher EBITDA compared to prior year.
Werner Baumann, CEO of Bayer, summarized the company's Q1 2018 results. Sales were down 5% year-over-year due to currency effects, while core EPS rose slightly. The acquisition of Monsanto is pending regulatory approval, with two-thirds of approvals received so far. Guidance for full-year 2018 was confirmed, expecting low-single digit sales decline but mid-single digit growth adjusting for currency. Key growth products and segments like pharmaceuticals were up significantly.
【SEPTENI HOLDINGS CO.,LTD.】Business Results for 3Q Fiscal Year September 2016SEPTENI HOLDINGS CO.,LTD.
Revenue and Non-GAAP Operating Income for Septeni Holdings reached new record highs in 3Q FY9/16. Revenue increased 24.2% year-on-year to ¥4,471mn, while Non-GAAP Operating Income rose 38.2% to ¥1,138mn. The Internet Marketing Business achieved steady growth and improved profitability. The Media Content Business grew revenues from its Manga platform but incurred increased expenses from prior investments. For the full year, Non-GAAP Operating Income has already exceeded the previous year's full-year result.
- The company completed the acquisition of Eminence earlier than planned in July 2018. Eminence is expected to contribute $0.40-0.45 to profit per share in 2019.
- Q2 2018 sales were down 0.5% and gross margin was down 30 basis points compared to Q2 2017, however net income increased 2%.
- Several business segments saw sales increases and improved earnings compared to Q2 2017, while others faced challenges from currency fluctuations and other costs.
- For the first half of 2018, sales increased 3% while net income excluding one-time items increased 3% compared to the same period in 2017.
Luxottica, A long way to growth - Investors & Analysts presentation Luxottica Group
Luxottica reported record results in fiscal year 2012, with all-time high sales of €7 billion, up 14% year-over-year. Operating income increased 22.3% to over €1 billion. Free cash flow generation exceeded €700 million. Demographic and economic trends in emerging markets and developed countries are fueling long-term expansion in the eyewear industry.
Arezzo & Co reported strong financial results for 2Q17. Net income grew 30% to R$39.3 million with margins expanding. Gross profit increased 16.8% to R$154.3 million and EBITDA grew 22.8% to R$50.3 million. All brands and channels experienced sales growth. The company continues expanding through new store openings and growing its online presence. ROIC improved to 23.7%, demonstrating efficient use of capital.
Pirelli & C. SpA's financial presentation summarizes the company's 2010 results and 2011 outlook. Key highlights include:
- 2010 revenues of €4.85 billion, up 19.2% over 2009, driven by strong pricing discipline and focus on premium products.
- EBIT of €407.8 million in 2010, up 63.3% over 2009, despite high raw material costs, due to price/mix improvements and efficiencies.
- Net income of €249.7 million in 2010, up 72.3% over 2009.
- Net financial debt of €455.6 million at year-end 2010, an improvement from €1,109.9 million in
1) Arezzo&Co reported strong financial results in 4Q16, with net revenue increasing 19.4% and net income reaching R$35.8 million, a 10.6% margin.
2) Key highlights included a 21.2% rise in gross profit to R$153.2 million and 20.6% growth in EBITDA to R$53.9 million.
3) For the full year 2016, the company opened 22 new stores, expanding its sales area by 3.7% in line with guidance, and generated R$101.7 million in operating cash flow.
Luxottica reported strong financial results for the third quarter of 2015. Group sales increased 15.4% to €2.2 billion, led by growth in North America, Europe, and Latin America. Operating income rose 18.6% and margin increased 50 basis points to 16%. The company generated a record €396 million in free cash flow. Luxottica reiterated full-year guidance for mid-to-high single digit sales growth and faster earnings growth than sales.
- Bayer reported strong results for Q3 2016, with sales up 4% and core EPS up 6% compared to Q3 2015.
- Full year 2016 forecasts were raised, with core EPS growth now expected to be in the high single digits.
- Pharmaceuticals continues to perform well, with launch products sales up 28% and a raised outlook to over €16 billion for 2016.
- Crop Science sales were flat due to difficult market conditions, though the outlook remains for 2016 sales to be around €10 billion.
- The acquisition of Monsanto was agreed and integration plans are underway.
Delta reached $1 billion in annual sales for the fiscal year ending June 30, 2014. In Q2 2014, Delta saw record sales of $249.2 million, up 6% from Q2 2013, as well as record net profit and earnings per share, which were up 11% and 9% respectively from the previous year. Operating income for the quarter increased 11% to $15.5 million compared to $14 million in Q2 2013.
Financial Results for the 2nd Quarter of the Fiscal Year Ending March 2016KDDI
The figures included in the following brief,
including the business performance target and the
target for the number of subscribers are all
projected data based on the information currently
available to the KDDI Group, and are subject to
variable factors such as economic conditions, a
competitive environment and the future prospects for
newly introduced services.
Accordingly, please be advised that the actual
results of business performance or of the number of
subscribers may differ substantially from the
projections described here.
Sales Increase 13% in Original Currency
Operating Income Rises 3% Compared to 2014 First Quarter
Reaffirms 2015 Guidance; Sales Expected to Reach $1,065 Million-$1,085 Million and
Full-Year EPS Expected to Reach $1.88-2.00
Cia Hering reported strong financial results for 4Q09 and FY2009, with gross revenue increasing 39.4% and EBITDA margin expanding 4.0 percentage points to 21.4% for the full year. The company grew its store network, with same-store sales increasing 27.2% for existing Hering stores. Cia Hering also outlined plans to further expand its Hering store network to 405 locations by 2012.
Delta reported a 9% increase in sales and a 10% increase in EBIT excluding one-time items for Q3 2018. Key highlights include strong growth for DGUSA with a 9% sales increase and 49% higher EBIT. Delta Israel also saw significant improvements with 19% higher sales and a $1.3M EBIT increase. The Eminence acquisition added $27.1M in sales for Delta European Brands. However, softness in the European market negatively impacted Schiesser and GUM segment results. One-time restructuring and acquisition costs lowered reported profits.
Bayer reported financial results for FY/Q4 2017. Group sales increased 2% to €35.0 billion, while EBITDA before special items remained at the prior year level of €9.3 billion. Core EPS from continuing operations increased 1% to €6.74. Pharmaceuticals recorded higher sales and encouraging earnings growth. The Crop Science business was down against the prior year as expected due to measures in Brazil. Bayer expects to close the acquisition of Monsanto in Q2 2018 pending regulatory approval.
Arezzo&Co reported strong financial results for 1Q17, with net income growing 51.1% YoY to R$22.2 million and EBITDA increasing 36.8% to R$36 million. All brands and channels experienced revenue growth, particularly Anacapri and Arezzo brands. The company also saw improvements in operating cash flow and ROIC. Arezzo&Co remains focused on optimizing its distribution network and working capital management.
This presentation by Pirelli & C SpA contains forward-looking statements about future performance that may differ from actual results due to various risks and uncertainties. It provides preliminary financial results for the first quarter of 2011, showing increases in revenues, EBITDA, EBIT, and net income compared to the same period last year, driven by strong pricing actions and efficiencies offsetting higher raw material costs. The presentation also updates Pirelli's full-year 2011 targets and provides additional details on financial and operating performance by business segment.
1) Hering reported strong financial results in 2009 with total gross revenue increasing 39.4% and EBITDA growing 71.9% to R$154 million.
2) The company expanded its store network opening 46 Hering Stores and 15 PUC Stores in 2009.
3) Same-store sales increased 27.2% in 2009 and 32.6% in the fourth quarter driven by increased store traffic.
4) Gross margins improved with the gross margin excluding depreciation reaching 53.1% in the fourth quarter.
5) The company outlined plans to further expand the Hering Store network to 405 stores by 2012 focused on
1) The document provides an overview of the company's financial results for Q1 2014, reporting increases in key metrics like sales, operating income, EBITDA, and EPS compared to Q1 2013.
2) It highlights improvements in the company's balance sheet, financial indicators, and segment results on a quarterly basis.
3) The document contains various disclaimers stating that any forecasts or estimates in the presentation should not be considered as assured outcomes and may differ materially from actual future results.
The document summarizes the financial results of Arezzo&Co for the third quarter of 2016. Some key highlights include:
- Net income was R$35.4 million, with a margin of 10.2%
- Gross profit increased 14.4% to R$152.2 million and gross margin grew 170 basis points
- EBITDA grew 12.5% to R$55.9 million with a margin of 16.1%
- Same-store sales increased 6.4% across owned stores, franchises, and web commerce channels
1) Arezzo&Co reported a 7.1% increase in gross revenue to R$257.8 million in 1Q14, with 10.3% growth in the domestic market. Gross profit grew 2.9% to R$92.1 million while EBITDA declined 4.7% to R$27.3 million.
2) Net income reached R$17.4 million, an 8.2% net margin. The company also opened 3 new stores and expanded 1 store in the quarter.
3) Cash flow from operations was R$33.9 million, in line with the prior year. Capital expenditures declined 12.2% to R$9.9 million while debt
- Bayer reported increased sales and earnings for Q3 2017 compared to the same period last year, despite deconsolidating Covestro from its results.
- Core earnings per share (EPS) from continuing operations rose 1% to €1.53 due to sales growth, while EBITDA before special items increased 4% to €2,204 million.
- The company confirmed its full-year 2017 outlook, expecting low single-digit sales growth to €35-36 billion and slightly higher EBITDA compared to prior year.
Werner Baumann, CEO of Bayer, summarized the company's Q1 2018 results. Sales were down 5% year-over-year due to currency effects, while core EPS rose slightly. The acquisition of Monsanto is pending regulatory approval, with two-thirds of approvals received so far. Guidance for full-year 2018 was confirmed, expecting low-single digit sales decline but mid-single digit growth adjusting for currency. Key growth products and segments like pharmaceuticals were up significantly.
【SEPTENI HOLDINGS CO.,LTD.】Business Results for 3Q Fiscal Year September 2016SEPTENI HOLDINGS CO.,LTD.
Revenue and Non-GAAP Operating Income for Septeni Holdings reached new record highs in 3Q FY9/16. Revenue increased 24.2% year-on-year to ¥4,471mn, while Non-GAAP Operating Income rose 38.2% to ¥1,138mn. The Internet Marketing Business achieved steady growth and improved profitability. The Media Content Business grew revenues from its Manga platform but incurred increased expenses from prior investments. For the full year, Non-GAAP Operating Income has already exceeded the previous year's full-year result.
- The company completed the acquisition of Eminence earlier than planned in July 2018. Eminence is expected to contribute $0.40-0.45 to profit per share in 2019.
- Q2 2018 sales were down 0.5% and gross margin was down 30 basis points compared to Q2 2017, however net income increased 2%.
- Several business segments saw sales increases and improved earnings compared to Q2 2017, while others faced challenges from currency fluctuations and other costs.
- For the first half of 2018, sales increased 3% while net income excluding one-time items increased 3% compared to the same period in 2017.
Luxottica, A long way to growth - Investors & Analysts presentation Luxottica Group
Luxottica reported record results in fiscal year 2012, with all-time high sales of €7 billion, up 14% year-over-year. Operating income increased 22.3% to over €1 billion. Free cash flow generation exceeded €700 million. Demographic and economic trends in emerging markets and developed countries are fueling long-term expansion in the eyewear industry.
Arezzo & Co reported strong financial results for 2Q17. Net income grew 30% to R$39.3 million with margins expanding. Gross profit increased 16.8% to R$154.3 million and EBITDA grew 22.8% to R$50.3 million. All brands and channels experienced sales growth. The company continues expanding through new store openings and growing its online presence. ROIC improved to 23.7%, demonstrating efficient use of capital.
Pirelli & C. SpA's financial presentation summarizes the company's 2010 results and 2011 outlook. Key highlights include:
- 2010 revenues of €4.85 billion, up 19.2% over 2009, driven by strong pricing discipline and focus on premium products.
- EBIT of €407.8 million in 2010, up 63.3% over 2009, despite high raw material costs, due to price/mix improvements and efficiencies.
- Net income of €249.7 million in 2010, up 72.3% over 2009.
- Net financial debt of €455.6 million at year-end 2010, an improvement from €1,109.9 million in
1) Arezzo&Co reported strong financial results in 4Q16, with net revenue increasing 19.4% and net income reaching R$35.8 million, a 10.6% margin.
2) Key highlights included a 21.2% rise in gross profit to R$153.2 million and 20.6% growth in EBITDA to R$53.9 million.
3) For the full year 2016, the company opened 22 new stores, expanding its sales area by 3.7% in line with guidance, and generated R$101.7 million in operating cash flow.
Luxottica reported strong financial results for the third quarter of 2015. Group sales increased 15.4% to €2.2 billion, led by growth in North America, Europe, and Latin America. Operating income rose 18.6% and margin increased 50 basis points to 16%. The company generated a record €396 million in free cash flow. Luxottica reiterated full-year guidance for mid-to-high single digit sales growth and faster earnings growth than sales.
- Bayer reported strong results for Q3 2016, with sales up 4% and core EPS up 6% compared to Q3 2015.
- Full year 2016 forecasts were raised, with core EPS growth now expected to be in the high single digits.
- Pharmaceuticals continues to perform well, with launch products sales up 28% and a raised outlook to over €16 billion for 2016.
- Crop Science sales were flat due to difficult market conditions, though the outlook remains for 2016 sales to be around €10 billion.
- The acquisition of Monsanto was agreed and integration plans are underway.
Delta reached $1 billion in annual sales for the fiscal year ending June 30, 2014. In Q2 2014, Delta saw record sales of $249.2 million, up 6% from Q2 2013, as well as record net profit and earnings per share, which were up 11% and 9% respectively from the previous year. Operating income for the quarter increased 11% to $15.5 million compared to $14 million in Q2 2013.
Financial Results for the 2nd Quarter of the Fiscal Year Ending March 2016KDDI
The figures included in the following brief,
including the business performance target and the
target for the number of subscribers are all
projected data based on the information currently
available to the KDDI Group, and are subject to
variable factors such as economic conditions, a
competitive environment and the future prospects for
newly introduced services.
Accordingly, please be advised that the actual
results of business performance or of the number of
subscribers may differ substantially from the
projections described here.
Sales Increase 13% in Original Currency
Operating Income Rises 3% Compared to 2014 First Quarter
Reaffirms 2015 Guidance; Sales Expected to Reach $1,065 Million-$1,085 Million and
Full-Year EPS Expected to Reach $1.88-2.00
Cia Hering reported strong financial results for 4Q09 and FY2009, with gross revenue increasing 39.4% and EBITDA margin expanding 4.0 percentage points to 21.4% for the full year. The company grew its store network, with same-store sales increasing 27.2% for existing Hering stores. Cia Hering also outlined plans to further expand its Hering store network to 405 locations by 2012.
- The investor update provides financial results for FLF's Q3 and 9M FY2019, with total income growing 38% to Rs. 1,692 crore for Q3 and 27% to Rs. 4,347 crore for 9M.
- Same store sales growth was positive across Central, Brand Factory, and FLF overall. New stores were opened during the quarter.
- EBITDA grew 42% to Rs. 179 crore for Q3 and 27% to Rs. 433 crore for 9M, with margins of 10.6% and 10.0% respectively.
- Key events discussed include festivals, sales, and marketing campaigns held across Central and Brand Factory brands. The
The document provides a summary of Arezzo&Co's financial results for 2Q13. Key highlights include:
- Net revenue reached R$237.6 million, a 19.1% increase over 2Q12. Net profit increased 12.8% to R$29.1 million.
- EBITDA totaled R$40.5 million, a 16.9% increase over 2Q12, with an EBITDA margin of 17.0%.
- The company opened 17 new stores and expanded 4 others, increasing total sales area by 21.1% compared to 2Q12.
The document provides a summary of Arezzo&Co's financial results for 2Q13. Key highlights include:
- Net revenue reached R$237.6 million in 2Q13, a 19.1% increase over 2Q12.
- Net profit was R$29.1 million, up 12.8% compared to 2Q12. EBITDA totaled R$40.5 million, a 16.9% increase over 2Q12.
- The company opened 17 new stores and expanded 4 existing stores in the quarter, increasing total sales area by 21.1% compared to 2Q12.
- Gross revenues from the domestic market increased 18.0% in 2
Cia Hering reported a 3.9% decrease in gross revenues for 2Q14 compared to the prior year, which it attributed to macroeconomic factors, the World Cup's negative impact on apparel retail, and unfavorable weather. EBITDA declined 16.9% due to lower sales and higher promotional activity, while net income fell 16.5%. The company expects challenges to continue for the rest of the year but believes actions taken will help return to growth.
- The company achieved record results in 2017 with sales increasing 16% to $1.37B and net income growing 7% to $51M.
- In Q1 2018, sales increased 6% and EBIT excluding one-time items rose 8%. Net income excluding one-time items grew 4%.
- Several business segments saw strong sales growth and improved profits, while others faced softness. The company remains focused on improving profitability across all segments.
The document summarizes Profarma's 2Q16 earnings release. Key highlights include:
- Consolidated pro-forma gross revenue increased 15.2% and EBITDA rose 59.8% to R$60.2 million.
- Retail sales grew 10.5% and EBITDA increased 50.1% to R$9.8 million. Specialties sales rose 41.9% and EBITDA grew 80% to R$5.1 million.
- Pharmaceutical distribution sales grew 11.4% and EBITDA increased 59% to R$45.1 million, the best performance in 7 years.
The document provides financial results for transcosmos inc. for Q1-Q2 FY2019/3 (April-September 2018).
Key points:
- Consolidated sales increased 8.7% year-over-year driven by growth in the parent company and overseas affiliates.
- Consolidated operating income was flat year-over-year as growth in domestic and overseas affiliates offset a decline in the parent company.
- Net income increased significantly due to higher ordinary income and extraordinary gains from selling affiliate shares.
- The balance sheet strengthened with increases in cash/cash equivalents and retained earnings.
Bayer reported third quarter 2020 results with sales down 5% currency-adjusted to €8.5 billion. EBITDA declined 21% to €1.8 billion due to negative currency effects and higher product returns in Crop Science. Core EPS fell 30% to €0.81 per share. The company confirmed its currency-adjusted full-year outlook despite challenges in Crop Science. Free cash flow was negative €2 million due to settlement payments.
Arezzo&Co reported its financial results for the second quarter of 2014, with gross revenue reaching R$327.5 million, an increase of 7.2% compared to the second quarter of 2013. EBITDA for the quarter amounted to R$42.3 million, a growth of 4.5% year-over-year, with a margin of 16.7%. Net income reached R$31.6 million, an increase of 8.9% compared to the second quarter of 2013, with a net margin of 12.5%. The company also expanded its sales area by 15.7% over the last 12 months through new store openings and expansions.
The document provides an overview of Arezzo&Co's financial and operating results for 1Q13.
- Net revenue increased 24.6% to R$201 million, with net profit reaching R$19.4 million, up 78.5% compared to 1Q12.
- EBITDA totaled R$28.6 million, an increase of 95.2% over 1Q12, with an EBITDA margin of 14.2%.
- The company generated R$34.4 million in operating cash in 1Q13 due to higher operational profit.
- LiveRamp reported Q2 FY19 revenue of $65 million, up 20% year-over-year. Subscription revenue grew 30% year-over-year to $55 million.
- Gross margin improved 100 basis points year-over-year to 69%. Operating loss was $14 million, compared to an operating loss of $11 million in the prior year.
- For FY19, LiveRamp is confirming revenue guidance of $275-285 million, representing 25-30% growth over FY18. Non-GAAP operating loss is expected to be $64-52 million.
Flextronics International Ltd. earning presentationinvestorrelation
- The company reported financial results for the fourth quarter and fiscal year ended March 31, 2009
- Net sales decreased 28% quarter-over-quarter and 30% year-over-year due to weak demand across all markets
- Gross margin declined to 4.2% from 6.2% due to lower sales and restructuring charges of $128.8 million
- The company announced a restructuring plan to reduce costs through lower depreciation and employee expenses with expected annual savings of $230-260 million to be realized within 2-3 quarters
The document provides an overview of the company's results for Q3 2016. Key points include:
- The acquisition of Delta Premium Brands was completed in August 2016 and is expected to provide a positive contribution to results in 2016 and improvements in 2018.
- Measures to improve efficiency such as merging headquarters and eliminating duplicate functions are underway.
- For Q3 2016, sales were up 4% and operating profit was up 16% compared to the prior year.
The document provides an overview of the company's results for Q3 2016. Key points include:
- The acquisition of Delta Premium Brands was completed in August 2016 and is expected to provide a positive contribution to results in 2016 and improvements in 2018.
- Measures to improve efficiency such as merging headquarters and eliminating duplicate functions are underway.
- For Q3 2016, sales were up 4% and operating profit was up 16% compared to the prior year.
- Sales increased 6% to $284.6 million in Q3 2015 compared to Q3 2014, with organic sales growth of 10%. For the first nine months of 2015, sales increased 5% to $792.9 million compared to the same period in 2014, with organic sales growth of 11%.
- Operating profit excluding one-time items increased 2% to $22.1 million in Q3 2015 compared to Q3 2014. For the first nine months of 2015, operating profit was flat at $51.9 million compared to the same period in 2014.
- The company maintained a strong balance sheet with $350 million in equity and $128.5 million in cash and cash equivalents as of September
- Sales increased 8% in original currency to $255.5 million in Q2 2015, while operating profit decreased 7% to $14.5 million due to negative foreign exchange rate effects. Excluding exchange rate effects, operating profit increased 2%.
- For the first half of 2015, sales increased 11% in original currency to $508.4 million. Operating profit decreased 2% to $29.8 million due to negative foreign exchange rate effects. Excluding exchange rate effects, operating profit increased 9%.
- The company has a strong balance sheet with $200 million in cash and $343 million in equity as of June 30, 2015. Financial indicators such as current ratio, quick ratio, and days of sales
Zydus Wellness reports a subdued quarter, hold - Nirmal BangIndiaNotes.com
Zydus Wellness reported subdued quarterly results, with net sales declining 1.8% YoY and EBITDA declining 33.4% YoY. While gross margins improved, operating margins declined due to a large jump in advertising expenses. Profitability metrics like EBITDA, PBT and PAT all declined over 40% YoY. The weak performance was driven by continued slowdown in key brands EverYuth and Nutralite due to increased competition. The company has launched new products and variants which it expects will improve performance going forward. While Sugarfree grew, overall results were below estimates.
The document discusses a company's financial performance, noting that it continued growing its top line organically by 9% in original currency. It generated strong operating cash flow of $70 million and successfully acquired P.J. Salvage and integrated its joint ventures. However, fluctuations in exchange rates negatively impacted EBIT by $7.3 million. Same store sales increased in Germany by 4.4% and in Israel by 5.7%.
CodeFuel is a mobile browser companion that provides contextual recommendations and content to users based on what they are browsing. It suggests related deals, products, apps and content to enhance the mobile browsing experience without any effort from the user. CodeFuel's goal is to help users discover more relevant information by bringing them the best options in context of whatever they are viewing on their mobile browser.
This document provides an overview of a leading global company that specializes in apparel like women's, men's, and children's clothing. It discusses the company's philosophy, strategic partnerships, global manufacturing network, brands, licenses, and social/environmental responsibilities. Key points include that it has sales over $1 billion, designs and manufactures for major brands and retailers, and operates facilities around the world to serve customers.
The document provides an overview of a company's financial results for Q4 2014 and the full year 2014. Some key points:
- Sales for Q4 2014 were $277.4 million, up 8% from Q4 2013. Operating profit excluding one-time items was $22.3 million, up 6%.
- For the full year 2014, sales were $1,031.9 million, up 6% from 2013. Operating profit excluding one-time items was $74.4 million, up 9%.
- The company had $167.4 million in cash and cash equivalents as of December 31, 2014, up from $98.7 million the previous year. Several financial metrics like
Delta Galil Reports Strong Performance for Third Quarter of 2014
Net Income Rises 9% from Year-Ago Period
Sales and EBITDA Increase 4%, Setting New Quarterly Records
Trailing 12 Months’ Sales Exceed $1 Billion
Outlines Strategies for Long-Term Growth
This document provides a company overview for a leading global apparel company that specializes in women's, men's, and children's apparel and underwear. It summarizes the company's global presence with sales and production facilities around the world. It also outlines the company's portfolio of owned and licensed brands that serve various product categories and market segments. The company emphasizes innovation, strategic partnerships, and social and environmental responsibility.
The document provides an overview of a company's results for Q4 2013. Some key highlights include:
- Sales increased 4% to $255.9 million for Q4 2013 compared to Q4 2012. Operating income increased 7% to $21.1 million.
- For the full year 2013, sales increased 19% to $974.7 million and operating income increased 34% to $67.9 million compared to 2012.
- The company achieved record annual results, strong cash flow, and an improved balance sheet and financial indicators in 2013.
- Geographic sales distribution improved with strong growth in North America, Germany, and Israel.
Delta is a leading global company that specializes in designing and developing apparel like women's, men's, and children's underwear, socks, and activewear. It offers comprehensive solutions from concept to product delivery. Delta prioritizes innovation through strategic partnerships, a global manufacturing network, and being a responsible corporate citizen. It is publicly traded on the Tel Aviv Stock Exchange and has an A2 credit rating.
This document discusses the opportunities for food technology in Israel and Strauss Group's role in developing the food tech industry there. It outlines how Strauss can add value and benefit from Israel's growing food tech venture sector by connecting researchers, entrepreneurs, academia, financiers and service providers. The document proposes an "Alpha Process" where Strauss clarifies its needs, identifies relevant food tech innovations, creates an engaged community, and facilitates progress through various means to develop the industry for mutual benefit over time.
3D printing is an emerging technology that allows objects to be created by laying down successive layers of material under computer control. This process is called additive manufacturing and differs from traditional machining techniques which mostly rely on removing material by methods such as cutting or drilling. 3D printing has the potential to revolutionize manufacturing by allowing complex geometries to be produced and customized parts to be efficiently made in low volumes.
The document appears to be a presentation deck that includes several movies that will be played via the next slide. Each section introduces a new topic and states that a movie will be played in the following slide.
The Impact of Generative AI and 4th Industrial RevolutionPaolo Maresca
This infographic explores the transformative power of Generative AI, a key driver of the 4th Industrial Revolution. Discover how Generative AI is revolutionizing industries, accelerating innovation, and shaping the future of work.
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck mari...Donc Test
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
Every business, big or small, deals with outgoing payments. Whether it’s to suppliers for inventory, to employees for salaries, or to vendors for services rendered, keeping track of these expenses is crucial. This is where payment vouchers come in – the unsung heroes of the accounting world.
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
Discover the Future of Dogecoin with Our Comprehensive Guidance36 Crypto
Learn in-depth about Dogecoin's trajectory and stay informed with 36crypto's essential and up-to-date information about the crypto space.
Our presentation delves into Dogecoin's potential future, exploring whether it's destined to skyrocket to the moon or face a downward spiral. In addition, it highlights invaluable insights. Don't miss out on this opportunity to enhance your crypto understanding!
https://36crypto.com/the-future-of-dogecoin-how-high-can-this-cryptocurrency-reach/
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
3. SALES INCREASED BY 11% TO A RECORD LEVEL OF $505M, ORGANIC GROWTH -2%
EBIT INCREASED BY 22% TO $51M, REPORTED UP 36%
NET INCOME INCREASED 28% TO $35M, REPORTED UP 44%
OPERATING CASH FLOW AT A RECORD LEVEL OF $97M, UP $40M
NET DEBT/EBITDA REDUCED TO 2.5 FROM 3.2 IN Q3
BOGART PERFORMING BETTER THAN EXPECTED
VIETNAM FACTORY PROFITABLE
ACQUIRED BRAYOLA AS PART OF OUR ONLINE EXPANSION STRATEGY
DIVIDEND DECLARED of $6.5M
Q4 2019
Highlights
* EXCLUDING ONE TIME ITEMS
** EXCLUDING IFRS16 EFFECT; REPORTED OPERATING CASH FLOW IMPROVED BY $56M TO $112M
*
**
*
R E S U L T S O V E R V I E W Q 4 2 0 1 9 3
4. DGUSA
Q4 Sales down 7%, EBIT down 16%
FY EBIT down $10M, negatively impacted by:
Lower margins due to price pressure
One time product return and continued weakness in Avia active wear
business
Executing the strategic & operational plan presented in Q3
Exited $60M of basic business with low contribution to profitability
Focusing on higher margin product categories such as Bras, Seamless
Implementing efficiency and cost cutting measures
Q4 2019
Highlights
R E S U L T S O V E R V I E W Q 4 2 0 1 9 4
5. DELTA PREMIUM BRANDS
Sales down 3%, EBIT up 5%
Finalized transition of Finance from LA to NJ offices
Finalized transition of Splendid headquarter from LA to NY offices
FY EBIT down $11.5M, negatively impacted by:
Increased expenses of Splendid move to NY
Increased expenses of new store openings
Wholesale channel downtrend in the US
Strategic & operational plan improvements
Implementing efficiency and cost cutting measures
Improved RTW leading to increased sales
Celebrating 20th anniversary of 7FAM with new marketing campaign
Q4 2019
Highlights
R E S U L T S O V E R V I E W Q 4 2 0 1 9 5
6. GLOBAL UPPER MARKET
Positive momentum continues with EBIT doubling YoY
Bogart sales of $58M
Strong growth in our Socks and Seamless categories
Vietnam factory profitable in 4th quarter and into 2020
DELTA EUROPEAN BRANDS
Sales growth of 2% in original currency, EBIT up 18%
Initiated cross-selling of Eminence and Schiesser products
DELTA ISRAEL
Q4 Sales up 17%, EBIT up 44%
E-com strong double digit growth; new platform expected launch in Q2 2020
+8% annual growth in comparable sales and online channel
Q4 2019
Highlights
R E S U L T S O V E R V I E W Q 4 2 0 1 9 6
7. * Excluding IFRS16 Impact
Q4 & 2019
Financial
Highlights
Q4.2019 Full Year 2019
$M
% change vs
last year
$M
% change vs
last year
TOTAL SALES New Record level 504.8 11% 1,690.2 13%
OPERATING PROFIT New Record level
(Excluding one-time items) 51.2 22% 106.0 8%
NET INCOME Quarter Record level
(Excluding one-time items) 34.8 28% 60.2 (0.4%)
OPERATING CASH FLOW New Record level 96.9 71% 97.1 334%
EBITDA New Record level 60.7 21% 137.7 6%
CAPEX 10.9 (10%) 33.6 (26%)
NET DEBT/EBITDA 2.5 3.2 at 30/9 2.5 2.4 at 31/12
*
*
R E S U L T S O V E R V I E W Q 4 2 0 1 9 7
8. WE APPLIED IFRS16 STARTING Q1/2019
IFRS16 IMPACT
The numbers are rounded
($ million)
Q4.2019 YTD 2019
EXCLUDING
IFRS16
REPORTED VAR
EXCLUDING
IFRS16
REPORTED VAR
OPERATING PROFIT 49.9 52.2 2.3 95.6 103.7 8.1
OPERATING PROFIT
(Excluding one-time items)
48.9 51.2 2.3 97.9 106.0 8.1
EBITDA 60.7 76.1 15.4 137.7 195.6 57.9
FINANCIAL EXPENSES 8.5 10.6 2.1 27.6 36.1 8.5
NET INCOME 35.4 35.6 0.2 58.0 57.7 0.3
NET INCOME
(Excluding one-time items)
34.6 34.8 0.2 60.5 60.2 0.3
OPERATING CASH FLOW 96.9 112.3 15.4 97.1 155.0 57.9
OPERATING PROFIT Q4 2019 2019
DELTA USA 0.2 0.8
GLOBAL UPPER MARKET 0.4 1.1
DELTA EUROPEAN BRANDS 0.4 1.6
DELTA PREMIUM BRANDS 0.8 2.5
DELTA ISRAEL 0.4 1.6
OTHERS 0.1 0.3
IFRS16 - EBIT IMPACT 2.3 8.1
Segmental impact
R E S U L T S O V E R V I E W Q 4 2 0 1 9 8
9. Sales
Sales in original currency +11%
Sales excluding Bogart -2%
Sales organic growth in original currency -2%
EBITDA
Excluding IFRS16 +21%
+11%
+22%
+28%
Operating Profit excluding one-time items
Reported OP +36%
Net income excluding one-time items
Reported Net income +44%
+51%
($ million)
Q4 2019
Results
The numbers are rounded
Q4 2019 Q4 2018
% change
vs last year
SALES 504.8 454.3 11%
OPERATING PROFIT 52.2 38.4 36%
% from sales 10.3% 8.4%
OPERATING PROFIT
Excluding one-time items
51.2 42.1 22%
% from sales 10.1% 9.3%
EBITDA 76.1 50.2 51%
% from sales 15.1% 11.1%
NET INCOME 35.6 24.7 44%
NET INCOME
Excluding one-time items
34.8 27.2 28%
DILUTED EPS ($ per share) 1.40 0.97 45%
Diluted EPS ($ per share)
Excluding one-time items
1.37 1.07 28%
OPERATING CASH FLOW 112.3 56.5 99%
R E S U L T S O V E R V I E W Q 4 2 0 1 9 9
10. Sales
Sales in original currency +14%
Sales excluding Bogart & Eminence H1 +2%
Sales organic growth in original currency +3%
+13%
+8%
-0.4%
Operating Profit excluding one-time items
Reported OP +29%
Net income excluding one-time items
Reported Net income +20%
+51%
YTD 2019
Results 2019 2018
% change
vs last year
SALES 1,690.2 1,498.4 13%
OPERATING PROFIT 103.7 80.7 29%
% from sales 6.1% 5.4%
OPERATING PROFIT
Excluding one-time items
106.0 98.0 8%
% from sales 6.3% 6.5%
EBITDA 195.6 129.8 51%
% from sales 11.6% 8.7%
NET INCOME 57.7 48.2 20%
NET INCOME
Excluding one-time items
60.2 60.5 (0.4%)
DILUTED EPS ($ per share) 2.26 1.90 19%
Diluted EPS ($ per share)
Excluding one-time items
2.36 2.37 (0.4%)
OPERATING CASH FLOW 155.0 22.4 592%
($ million)
The numbers are rounded
EBITDA
Excluding IFRS16 +6%
R E S U L T S O V E R V I E W Q 4 2 0 1 9 10
11. ($ thousands)
Q4 Sales and EBIT by Segment
The numbers are rounded
Q4 2019 Q4 2018 % change Q4 2019 Q4 2018
DELTA USA 128,630 139,019 (7%) (7%) 10,614 12,600
% from sales 8.3% 9.1%
GLOBAL UPPER MARKET 140,836 85,909 64% 64% 11,153 5,595
% from sales 7.9% 6.5%
DELTA EUROPEAN BRANDS 86,144 86,976 (1%) 2% 11,262 9,559
% from sales 13.1% 11.0%
DELTA PREMIUM BRANDS 83,427 86,181 (3%) (3%) 8,924 8,511
% from sales 10.7% 9.9%
DELTA ISRAEL 75,981 64,933 17% 10% 10,833 7,520
% from sales 14.3% 11.6%
INTERSEGMENT SALES (10,254) (8,754)
OTHERS (1,561) (1,642)
TOTAL SALES / EBIT before one-time items 504,764 454,264 11% 11% 51,225 42,144
% from sales 10.1% 9.3%
ONE-TIME ITEMS, NET 987 (3,776)
REPORTED EBIT 52,212 38,368
SALES EBIT% change in
original
currency
R E S U L T S O V E R V I E W Q 4 2 0 1 9 11
12. YTD Sales and EBIT by Segment
($ thousands)
The numbers are rounded
2019 2018 % change 2019 2018
DELTA USA 461,608 469,321 (2%) (2%) 23,166 32,988
% from sales 5.0% 7.0%
GLOBAL UPPER MARKET 460,682 308,365 49% 49% 40,333 21,023
% from sales 8.8% 6.8%
DELTA EUROPEAN BRANDS 308,526 273,253 13% 19% 25,683 21,073
% from sales 8.3% 7.7%
DELTA PREMIUM BRANDS 274,648 281,931 (3%) (1%) 5,405 16,952
% from sales 2.0% 6.0%
DELTA ISRAEL 214,836 194,198 11% 9% 15,922 10,962
% from sales 7.4% 5.6%
INTERSEGMENT SALES (30,136) (28,647)
OTHERS (4,543) (4,993)
TOTAL SALES / EBIT before one-time items 1,690,164 1,498,421 13% 14% 105,966 98,005
% from sales 6.3% 6.5%
ONE-TIME ITEMS, NET (2,286) (17,330)
REPORTED EBIT 103,680 80,675
SALES EBIT% change in
original
currency
R E S U L T S O V E R V I E W Q 4 2 0 1 9 12
13. ($ thousands)
Sales Analysis by Geographic Area
2019
% of
sales
2018
% of
sales
%
change
% change
in original
currency
2019
% of
sales
2018
% of
sales
%
change
% change
in original
currency
U.S.A 251,032 50% 237,407 52% 6% 6% 846,061 50% 794,316 53% 7% 7%
EUROPE
(excluding Germany)
84,685 17% 77,624 17% 9% 11% 312,093 18% 251,804 17% 24% 27%
GERMANY 56,732 11% 55,881 12% 1% 4% 198,194 12% 194,378 13% 2% 7%
ISRAEL 76,669 15% 64,935 14% 18% 11% 215,708 13% 194,239 13% 11% 10%
OTHERS 35,646 7% 18,417 4% 94% 94% 118,107 7% 63,684 4% 85% 85%
Total 504,764 100% 454,264 100% 11% 11% 1,690,164 100% 1,498,421 100% 13% 14%
Q4 YTD
The numbers are rounded
R E S U L T S O V E R V I E W Q 4 2 0 1 9 13
14. Q4 Sales & EBIT % from total year
The numbers are rounded
27%
32%
27%
30% 30%
31%
39%
37%
43%
50%
Q4.2015 Q4.2016 Q4.2017 Q4.2018 Q4.2019
Sales EBIT
R E S U L T S O V E R V I E W Q 4 2 0 1 9 14
Without IFRS16 effect
15. ($ thousands)
Excluding one time items
Segmental Results on a Quarterly Basis
The numbers are rounded
EBIT SALES EBIT SALES EBIT SALES EBIT SALES EBIT SALES EBIT SALES
DELTA USA 12,600 139,019 4,815 111,775 1,115 107,332 6,623 113,871 10,614 128,630 23,166 461,608
% from sales 9.1% 4.3% 1.0% 5.8% 8.3% 5.0%
GLOBAL UPPER MARKET 5,595 85,909 5,197 79,548 11,459 95,573 12,523 144,725 11,153 140,836 40,333 460,681
% from sales 6.5% 6.5% 12.0% 8.7% 7.9% 8.8%
DELTA EUROPEAN BRANDS 9,559 86,976 2,092 74,761 2,228 66,000 10,101 81,621 11,262 86,144 25,682 308,526
% from sales 11.0% 2.8% 3.4% 12.4% 13.1% 8.3%
DELTA PREMIUM BRANDS 8,511 86,181 (922) 62,196 1,043 64,910 (3,640) 64,115 8,924 83,427 5,405 274,648
% from sales 9.9% -1.5% 1.6% -5.7% 10.7% 2.0%
DELTA ISRAEL 7,520 64,933 307 44,436 2,959 45,892 1,823 48,527 10,833 75,981 15,922 214,836
% from sales 11.6% 0.7% 6.4% 3.8% 14.3% 7.4%
INTERSEGMENT SALES & EBIT (1,642) (8,754) (1,045) (7,341) (1,647) (5,821) (290) (6,720) (1,561) (10,254) (4,542) (30,136)
TOTAL EBIT / SALES 42,144 454,264 10,444 365,375 17,157 373,886 27,140 446,139 51,225 504,764 105,966 1,690,164
% from sales 9.3% 2.9% 4.6% 6.1% 10.1% 6.3%
% OF 2019 10% 22% 16% 22% 26% 26% 48% 30%
TRAILING TWELVE
MONTHSQ3Q4 Q1 Q2 Q4
2018 2019
R E S U L T S O V E R V I E W Q 4 2 0 1 9 15
16. YTD
2018
YTD
2019
45.5
33.6
Global upper market .…..…....…..….. 9.4
Delta European brands ….….…..…… 5.2
DGPB ...……………………….…......... 9.8
Delta Israel ...………………….…….... 2.8
Others .….………………….…..…....... 6.4
Total .........……….….………....….… 33.6
($ million)
Capital
Expenditures
R E S U L T S O V E R V I E W Q 4 2 0 1 9 16
17. ($ million)
Cash on hand
Equity
Equity from total
balance sheet
Proforma Net debt / EBITDA
$109M
$507M
32%
2.5
Balance
Sheet
Increased following Bogart acquisition
and IFRS16 implementation
Dec. 31 2019
% FROM
TOTAL
Dec. 31 2018
% FROM
TOTAL
CASH AND CASH EQUIVALENTS 109.2 7% 74.0 6%
OTHER CURRENT ASSETS 579.5 36% 561.2 47%
TOTAL CURRENT ASSETS 688.7 43% 635.2 53%
NON CURRENT ASSETS 899.1 57% 570.7 47%
TOTAL ASSETS 1,587.8 100% 1,205.9 100%
CURRENT LIABILITIES 401.8 25% 372.8 31%
DEBENTURES 340.4 21% 223.0 18%
OTHER NON-CURRENT LIABILITIES 338.7 21% 142.3 12%
TOTAL LONG TERM LIABILITIES 679.0 43% 365.2 30%
EQUITY 506.9 32% 467.9 39%
TOTAL LIABILITIES AND EQUITY 1,587.8 100% 1,205.9 100%
R E S U L T S O V E R V I E W Q 4 2 0 1 9 17
18. Financial Indicators
31.12.2019 31.12.2018
Current ratio 1.71 1.70
Quick ratio 0.90 0.87
Days of Sales Outstanding 38 44
Days Payable Outstanding 40 45
Inventory Days 93 99
Operating cash flow - Q4 ($ million) 112.3 56.5
Operating cash flow - YTD ($ million) 155.0 22.4
EBITDA - Q4 ($ million) 76.1 50.2
EBITDA - YTD ($ million) 195.6 129.8
Net financial debt ($ million) 334.5 326.7
Net financial debt to EBITDA* (based on Last 4 Quarters) 2.5 2.4
Equity / Total balance sheet 31.9% 38.8%
Equity ($ million) 506.9 467.9
Net Debt / CAP 33.5% 36.5%
* This ratio excludes $57.9M positive impact on EBITDA due to IFRS16 & Proforma of Bogart EBITDA
R E S U L T S O V E R V I E W Q 4 2 0 1 9 18
20. 20
Actual
Vs. 2019
GuidanceExcluding one time items
($ million)
R E S U L T S O V E R V I E W Q 4 2 0 1 9
2019 ACTUAL 2019 GUIDANCE
% INCREASE 2019 GUIDANCE
COMPARED TO 2019 ACTUAL
Sales 1,690 1,650 - 1,690 10% - 13%
EBIT 98 98 - 102 0% - 4%
EBITDA 138 132 - 136 2% - 5%
Net Income 60 60 - 62 0% - 3%
Diluted EPS ($) 2.36 2.37 - 2.44 0% - 3%
INCLUDING IFRS16 IMPACT
EBIT 106 106 - 111 8% - 13%
EBITDA 196 183 - 187 41% - 44%
21. Shipments delay effect: sales loss of approximately $15M in Q1.
$12M shifted to Q2. EBIT loss of $1M
Factory operational disruption: $3.5M loss in Q1
Air freight and additional misc. costs: $1-2M in Q1
Total: $5-$7M
Corona
Impact
R E S U L T S O V E R V I E W Q 4 2 0 1 9 21
22. 2019 ACTUAL 2020 GUIDANCE
% INCREASE 2020 GUIDANCE
COMPARED TO 2019 ACTUAL
SALES 1,690 1,740 - 1,770 3% - 5%
EBIT EXCLUDING CORONA IMPACT 106 113 - 119 7% - 12%
CORONA IMPACT 6
EBIT 106 107 - 113 1% - 7%
EBITDA 196 197 - 203 1% - 4%
NET INCOME 60 57 - 62 (-5%) - 3%
DILUTED EPS ($) 2.36 2.23 - 2.42 ($-0.13) - $0.06
Actual
Vs. 2020
GuidanceExcluding one time items
($ million)
R E S U L T S O V E R V I E W Q 4 2 0 1 9 22
* Including Corona virus one time impact of $5-$7M
*
*
*
*
23. Future
Growth
Leveraging Bogart relationships to sell Delta products
to major new customers and vice versa
Growing with Kim Kardashian intimate brand SKIMS
Leveraging BRAYOLA to continue our strong growth in E-com channel
Continuous growth in GUM in Seamless and Socks
Expanding Eminence Ladies & kids products
Growing with Splendid sales to clubs
Celebrating 20th anniversary of 7FAM with new marketing campaign
R E S U L T S O V E R V I E W Q 4 2 0 1 9 23