Hilan: 6% increase in net profit, 13% jump in EBITDA – capital market

There are companies that Corona has hit less on an annual basis, such is a company

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Which operates in the IT field and provides services in the field of salaries and human resources, along with calculated infrastructure, reports its results in the fourth quarter and for 2020. The company is back to growing in the profit and revenue line.

Net income in the fourth quarter amounted to NIS 45.3 million, compared with NIS 42.8 million in the corresponding quarter last year, an increase of 6%. The net profit for the entire year 2020 amounted to NIS 137.5 million, compared with NIS 129 million in 2019, an increase of 6.6% in net profit.

The company is trading at a multiplier of 27 as of the end of the year, and at a market value of about NIS 3.73 billion, ie pricing of a growth company, And Hilan has indeed grown phenomenally in recent years. The Corona spoiled the company only slightly the celebration and growth that had stopped in the previous quarter returned to climb.

EBITDA in the fourth quarter amounted to NIS 79.3 million, compared with NIS 70 million in the corresponding quarter last year, an increase of 13.3%. According to the company, the improvement is due to the merger of Payday and an increase in operating profit. EBITDA for 2020 amounted to NIS 263.3 million, compared with NIS 245 million last year, an increase of 7.5%.

The company’s revenues in the fourth quarter amounted to NIS 436 million, compared with NIS 399.1 million in the corresponding quarter last year, an increase of 9.2%. In 2020, revenues amounted to NIS 1.63 billion, compared with revenues of NIS 1.57 billion last year, an increase of 3.5%.

The equity attributed to the company’s shareholders at the end of 2020 amounted to NIS 503 million, compared with NIS 423.5 million at the end of 2019. The increase in capital attributed to the company’s shareholders is due to the company’s profits in the period. .

Cash flow from operating activities in the fourth quarter of 2020 amounted to NIS 127.8 million, compared with NIS 101.6 million in the corresponding quarter last year due to a decrease in net working capital items.

The backlog of orders at the end of 2020 amounted to NIS 1.2 billion, compared with NIS 1.1 billion at the end of 2019, an increase of about 9%.

Avi Baum, Chairman of Hilan: “We are pleased to conclude 2020 with a record in operating results, which is reflected in the continued growth trend in the Group’s operations, in operating parameters and in the net profit line. 2020 emphasized the Group’s high strength, diverse business core, and our ability to successfully deal with uncertainty. Significantly. ”