According to FUNDER website data,
93 mutual funds hold NIS 62.4 million in Tiv Ta’am
Funds that hold significant holdings in the stock – for the full list of holdings
Below is a change in the holdings of the mutual funds in the Tiv Ta’am share according to FUNDER-MVF data.
Summary of activity results for the fourth quarter of 2020
Revenues from the food retail segment in the fourth quarter of the year amounted to NIS 367.7 million, an increase of 23.8% compared to revenues of NIS 297 million in the corresponding period last year. In 2020, revenues from the retail sector increased by approximately 22.1% and amounted to approximately NIS 1,380.8 million, compared with approximately NIS 1,130.7 million in the previous year.
Revenue and revenue per square meter in identical stores in the fourth quarter of the year increased by 23.5% and 25.6%, respectively, compared with the same period last year. In 2020, revenue and revenue per square meter in identical stores grew by 21.2% and 24.9%, respectively, compared with the previous year.
In the manufacturing sector, total revenues in the fourth quarter of the year amounted to NIS 84.8 million, compared with NIS 90.2 million in the corresponding period last year. Most of the decrease is attributed to the proactive cessation of non-profit activities related to the fresh areas (meat, fresh winged animals and fresh fish) along with an increase in the wine and alcohol category, in the thermal meat, cheeses and dried products as well as declining restaurant sales. In 2020, revenues from the manufacturing sector amounted to NIS 335.3 million, compared with NIS 368.4 million in the previous year.
The Group’s total sales in the fourth quarter of the year amounted to NIS 415.7 million, compared with NIS 357.9 million in the corresponding period last year, a previous year, an increase of 16.1%. In 2020, the Group’s revenues amounted to approximately NIS 1,579.2 million, compared with revenues of approximately NIS 1,375.4 million in the previous year, an increase of approximately 14.8%.
The food retail segment’s gross profit in the fourth quarter of the year amounted to approximately NIS 121.1 million (approximately 32.9% of sales turnover), compared with approximately NIS 95.5 million (approximately 32.2% of sales turnover) in the corresponding period last year. Most of the increase was due to an increase in the Group’s revenues as well as an increase in the gross profit margin, which resulted from an improvement in terms of trade as well as a change in the product mix and an increase in the percentage of high profitability. In 2020, gross profit amounted to NIS 440.2 million (31.9% of sales), compared with NIS 358 million (31.7% of sales) in the previous year.
The gross profit of the manufacturing sector in the fourth quarter of the year amounted to NIS 18.9 million (22.3% of sales turnover), compared with NIS 17.5 million (19.4% of sales turnover) in the corresponding period last year. The increase in the gross profit margin was mainly due to the cessation of non-profit activities in the manufacturing sector, in which the gross profit margin is low, as well as an increase in the gross profitability of the wine and alcohol, cheeses and Ready To Cook categories. In 2020, gross profit amounted to NIS 76.3 million (22.7% of sales), compared with NIS 74.2 million (20.1% of sales) in the previous year.
The Group’s gross profit in the fourth quarter of the year amounted to approximately NIS 139.9 million (rate of approximately 33.7%), an increase of approximately 24%, compared with gross profit of approximately NIS 112.8 million (rate of approximately 31.5 %) In the corresponding quarter last year. In 2020, gross profit amounted to NIS 515.8 million (rate of approximately 32.7%), compared with NIS 431.6 million (rate of approximately 31.4%) in the previous year.
Operating profit in the fourth quarter of the year amounted to NIS 36.6 million and a rate of 8.8% of revenues, an increase of 107.9%, compared with operating profit of NIS 17.6 million and 4.9% of revenues in the corresponding period last year.
In 2020, operating profit increased by approximately 102.2% and amounted to approximately NIS 103.6 million and at a rate of approximately 6.6% of total sales, compared with approximately NIS 51.9 million and at a rate of approximately 3.8% of revenues in the previous year.
In the fourth quarter of the year, EBITDA (excluding the effect of Standard 16) amounted to approximately NIS 37.3 million, an increase of approximately 82% compared with EBITDA (excluding the effect of Standard 16) of approximately NIS 20.5 million in the corresponding period last year. In 2020, the increase in EBITDA (excluding the effect of Standard 16) was approximately 79.8% to approximately NIS 123.7 million in 2020, compared with a total of approximately NIS 68.8 million in the previous year.
The net profit in the fourth quarter of the year amounted to NIS 24.6 million, an increase of 257% compared to a net profit of NIS 6.9 million in the corresponding period last year.
In 2020, the net profit increased by approximately 238.8% and amounted to approximately NIS 61.4 million, compared with a net profit of approximately NIS 18.1 million in the previous year.
Hagai Shalom, CEO and controlling shareholder said: “The year 2020 was, in many ways, an exceptional and special year. The corona epidemic affected everything and especially the food sector. The corona, on the other hand, blunted the uniqueness of the year in terms of taste, a uniqueness that does not stem from the corona and its effects.
In this exceptional and challenging year, we worked harder to implement a number of moves we launched in the past year in the group’s policy, including changing the price perception, upgrading the customer club at no cost, developing the group digital, and in the industry sector we made a real revolution. And in the personal dimension – replacing all functionaries at several levels. Isharko will engage, on the other hand, only in products in which it is a manufacturer, importer or franchisee. At the opening of 2021, Isharko is a growing and profitable company, a completely new status for it.
We bypassed the analysts’ forecast and reported revenue and record earnings. “The fourth quarter of 2020 was an even stronger quarter than its predecessors in all operational and financial parameters – revenues increased at double-digit rates, operating profit and net jumped by three-digit rates.”
Shalom added: “Tiv Ta’am at the end of 2020 is a completely different company and this is reflected, in all its goodness. The group in all its parts looks to the future with an optimistic and foresighted vision, setting new growth levers including: a real physical expansion throughout the year that just opened stores across the country. Line while strengthening the company’s status as the highest quality among all companies, deepening the treatment of Eden Teva and expanding its deployment, also online, a new organization of the store management system by establishing a new Deli Market format, expanding the treatment of club members and their active integration during the group, expanding sector activities The industry for the kosher field, and more. “
In conclusion, Hagai Shalom said: Tiv Ta’am proudly carries the banner of quality and culinary excellence, providing a first-class shopping experience, in a variety of products that is second to none in Israel. “