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Main Indicators
Here are Martifer Group's highlights and main indicators.
Results and consolidated information
2018 was a year in which we had positive results, once again; we reached an EBITDA of more than 15 million euros, the order book amounts to 373 million euros and we concluded some relevant projects; and, our clients expressed total satisfaction with the work done.
Metallic Constructions
Despite the difficulties in an extremely competitive and demanding sector, the results were very positive. There was a growth in the turnover and a significant improvement in EBITDA. The fact that two of our major projects, namely the work in the Geneva International Airport, currently the largest project, and the contract in the oil & gas sector, an area in which the Group wants to invest for the future, are running in an exemplary manner and with total client satisfaction needs to be pointed out.
Naval Industry
The Naval Industry demonstrated once again excellent performance, having increased both the turnover and the EBITDA compared to 2017. As important milestones in this area we had the delivery of two Ocean Patrol Vessels for the Portuguese Navy, complying with the deadlines and the contracted amounts, and the construction of the World Explorer, the first cruise ship built in Portugal with features that allow it to navigate the icy waters of the Arctic and Antarctica.
Renewables
Despite the drop in the turnover, we managed to reach 400 MW in O&M, in Poland. In pursuit of the strategy defined for this business segment, which is based on asset rotation and on exploiting opportunities in wind and solar projects, we sold a solar energy project in Argentina and we acquired the remaining 50% of a wind farm project in Poland, thus now owning the entire project.
a very positive year
Results and consolidated information
2018 was a year in which we had positive results, once again; we reached an EBITDA of more than 15 million euros, the order book amounts to 373 million euros and we concluded some relevant projects; and, our clients expressed total satisfaction with the work done.
Metallic Constructions
Despite the difficulties in an extremely competitive and demanding sector, the results were very positive. There was a growth in the turnover and a significant improvement in EBITDA. The fact that two of our major projects, namely the work in the Geneva International Airport, currently the largest project, and the contract in the oil & gas sector, an area in which the Group wants to invest for the future, are running in an exemplary manner and with total client satisfaction needs to be pointed out.
Naval Industry
The Naval Industry demonstrated once again excellent performance, having increased both the turnover and the EBITDA compared to 2017. As important milestones in this area we had the delivery of two Ocean Patrol Vessels for the Portuguese Navy, complying with the deadlines and the contracted amounts, and the construction of the World Explorer, the first cruise ship built in Portugal with features that allow it to navigate the icy waters of the Arctic and Antarctica.
Renewables
Despite the drop in the turnover, we managed to reach 400 MW in O&M, in Poland. In pursuit of the strategy defined for this business segment, which is based on asset rotation and on exploiting opportunities in wind and solar projects, we sold a solar energy project in Argentina and we acquired the remaining 50% of a wind farm project in Poland, thus now owning the entire project.
a very positive year
highlights
2018 was a very positive year for Martifer Group
We are confident in the future. We know that we have to remain focused on our goals, maintain the same ambition and determination every day to do more and better but we are also sure that we are on the right track.
Operating Income reached 217.4 M€
Operating Income reached 217.4 M€
of which 125.7 M€ in Metallic Constructions,
82.2 M€ in the Naval Industry and 14.1 M€ in Renewables
EBITDA reaching 15.2 M€
Significant improvement in operational performance with EBITDA reaching 15.2 M€ (margin of 7.6% on Revenue) which represents an increase of 79% compared to the homologous period (8.5 M€ in 2017)
More than 66% of the Group's total turnover
Turnover generated outside Portugal and exports amount to 66% of the total turnover of the Group
The most robust order book in the last 5 years
Order Book of 373 M€ in Metallic Constructions and in the Naval Industry, the most robust in the last 5 years
Gross Value Added was 48 M€
The Gross Value Added amounted to approximately 48 M€, i. e., approximately 24% of the turnover, which represents a substantial increase in productivity
Net profit of 1.3 M€
Net profit attributable to the Group of 1.3 M€
Gross Debt decreased 17 M€
The Gross Debt decreased 17 M€ in relation to December 2017 to 219 M€, while the Net Debt reduced 3 M€ to 186 M€
RESULTS
Financial indicators
These are the indicators of the last two years that allow us to provide information that helps analyse the Group's performance Net income for the period.
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EBITDA
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EBIT
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Net income for the period
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Million € | DEC 2018 | DEC 2017 | VAR. % |
|---|---|---|---|
Revenues | 217.4 | 185.6 | 17% |
EBITDA | 15.2 | 8.5 | 79% |
EBITDA margin | 7.6% | 4.8% | 2.8 pp |
Amortisation and depreciation | -8.8 | -10,6 | 17% |
Provisions and impairment losses | 1.3 | -12,3 | n.m. |
EBIT | 7.7 | -14.4 | n.m. |
EBIT margin | 3.9% | -8.2% | 12 pp |
Financial result | -4.5 | 17.5 | n.m. |
Result before tax | 3.3 | 3.0 | 7% |
Tax | -1.7 | 0.7 | n.m. |
Net income for the period | 1.6 | 3.8 | -58% |
Attributable to non-controlling interests | 0.3 | -2.8 | n.m. |
Attributable to the Group | 1.3 | 6.5 | -80% |
Earnings per share | 0.013 | 0.067 | -80% |
ANNUAL REPORT
A NEW ERA: Focusing on our strengths
The 2018 Annual Report can be downloaded.
Download - pdf
. 7.3 MB
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