Genius Holdings reports growth – capital market

Group

Genius Holdings
+ 4.19%

Base:4,801

opening:4,801

High:5,002

low:4,873

change:4,639

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Engaged in the field of water and flow infrastructure in Israel, and operates in three main areas: infrastructure and industry, building systems and the field of control and measurement systems. Revenues in the fourth quarter increased by 4.4% to NIS 135.8 million, compared with NIS 130.1 million in the corresponding quarter last year. The increase is mainly due to an increase in the measurement and control segment in the offset of the infrastructure and building systems segment.

The Group’s revenues in 2020 amounted to NIS 511.1 million, compared with a total of NIS 517.6 million in 2019. Revenues in the Infrastructure and Industry segment recorded a slight decrease of 1% to NIS 399 million, compared with NIS 404 million in 2019, Revenues in the segment Building systems amounted to NIS 64.5 million in 2020, compared with NIS 70.9 million in 2019, revenues in the ball faucets and accessories segment increased in 2020 to NIS 56.3 million, compared to NIS 55 million in 2019, and revenues to the ‘other’ segment, which includes The field of measurement and control and the field of galvanization increased to NIS 47.6 million, compared with NIS 42.3 million in 2019.

The company recorded a net profit of NIS 2.1 million in the fourth quarter, compared with a loss of NIS 4.5 million in the corresponding quarter last year. EBITDA in the quarter grew by about 40% to NIS 20.3 million, compared with NIS 14.5 million in the corresponding quarter last year. The net profit in 2020 amounted to NIS 13.8 million, compared with a profit of NIS 13.9 million in 2019. It should be noted that in 2020 tax expenses were recorded in the amount of NIS 8 million, while in 2019 tax revenues were recorded in the amount of NIS 3.1 million. , In light of a settlement agreement signed with the Tax Authority in respect of the land in Tzrifin.

“The company’s board of directors approved the distribution of a dividend of NIS 10 million and the repurchase of shares in the amount of up to NIS 5 million. The acquisitions will be made from time to time, in a period of one year, at the discretion of the company’s management.” The company added. The company’s share is now climbing by about 4% to a value of NIS 134.7 million, ie in relation to the 2020 results, the company is trading at a sales multiplier of 0.26, a profit multiplier of about 9.8 and an EBITDA multiplier of less than 2.

Guy Regev, CEO of the Gaon Group: “Despite the difficult year the international and local market is going through due to the Corona epidemic, we conclude 2020 with a significant improvement in the Group’s operating profitability and doubling profit before tax, as a direct result of steps we have taken in recent years to focus activities, streamline and save significant overheads.”

Gaon Group is focused on a growing market transmission infrastructure industry that enjoys huge investments in national volumes, with a much more efficient production activity platform, and significant growth engines that will be used for continued organic growth in the coming years. And entry into additional tangent and synergistic activities. ”

This year we also completed the construction of the new steel pipe plant in Neot Hovav in accordance with the schedule and budget we set and the plant has been fully operational since the beginning of the current year. This is an advanced and upgraded technological plant, which significantly increases our production capabilities and allows the group to enter the field of gas transmission in the near future. The investments we have made in recent years are expected to continue to bring further significant improvement in the Group’s profits in the coming years and to bring value to shareholders. ”