According to FUNDER website data,
152 mutual funds hold shares in Energix in the amount of NIS 67.62 million
Funds that hold significant holdings in the stock – for the full list of holdings
The following is a change in the holdings of mutual funds in Delta shares according to FUNDER-MVF data
• In the 4th quarter: record levels in the rate of gross profitability (40.1%) and operating profitability (10.4%), despite the corona crisis and the closure of stores
• Online sales online grew by 183%
• A public offering (IPO) of Delta Israel Brands was successfully completed on the Tel Aviv Stock Exchange, valued at approximately NIS 1.3 billion.
Delta Galil Industries Ltd. (DELT / Tel Aviv Stock Exchange, DELTY.PK/OTCQX), An international manufacturer and marketer of lingerie products, jeans and branded outerwear products and a manufacturer for leading companies of products for men, women, socks, children’s clothing, leisure and Activewear, reports fourth quarter results and 2020.
Fourth quarter results for 2020
• Sales in the fourth quarter of 2020 amounted to $ 459.7 million, compared to $ 504.8 million in the corresponding quarter last year – a decrease of 9% due to the effects of the corona plague.
• E-commerce sales on the company’s sites increased by 183% compared to the corresponding quarter last year, and by 130% on an annual basis compared to 2019.
• The gross profit margin in the fourth quarter of 2020 rose by 300 basis points to a peak of 40.1% compared to 37.1% in the corresponding quarter last year.
• The operating profit rate in the fourth quarter of 2020 increased by 0.3% to a peak of 10.4%, compared with 10.1% in the corresponding quarter last year.
• Diluted earnings per share, excluding non-recurring items in the fourth quarter of 2020, amounted to $ 1.08, compared to $ 1.37 per share in the corresponding quarter last year.
• Cash flow from operating activities in the fourth quarter, neutralizing the effect of IFRS 16, improved significantly – by $ 64.5 million – and rose to a record level of $ 161.6 million, compared to $ 97.1 million in the corresponding quarter last year.
• A solid balance sheet totaling $ 231.7 million in cash, and equity of $ 476.4 million (at the end of 2020). Net financial debt decreased to $ 236.3 million – 30% lower than the level of debt on December 31, 2019.
• The acquisition of a U.S. retail e-commerce company, Bare Necessities, which markets branded lingerie, reflects the goals of Delta’s growth strategy to diversify its distribution channels, while strengthening its digital presence.
The words of the management
Isaac Debach, CEO of Delta Galil, stated: “2020 represents an unprecedented year for the Galilee Delta, with the Corona virus forcing us to rethink the ways we conduct ourselves. I am pleased with our vigor and speed of response to the plague while implementing initiatives needed to reduce operating costs and improve our financial flexibility.
We reached record levels of gross and operating profitability in the fourth quarter, and a peak in annual cash flow from operating activities, resulting from rapid expansion in online operations, combined with the strength of our brands and loyal customer base,
Throughout the year we have remained committed to achieving online growth in both our sites and e-commerce customers. As we announced, Delta has acquired online retailer Bare Necessities, a move that strengthens our presence in the digital world. We ended the year with strong online sales, and will continue to look for new ways to grow in the digital arena.
In addition, we are pleased to update on the successful completion of the initial public offering (IPO) of Delta Israel Brands (share symbol: “Delta”), our Israeli subsidiary which raised $ 80 million (approximately NIS 262.5 million) according to a cash valuation of approximately – $ 400 million (NIS 1.3 billion) from leading Israeli institutional investors. With a strong management team and excellent financial performance, this offering is an important achievement and a natural step in the development of Delta Israel brands as the leading brand in Israel for lingerie, pajamas and leisure clothing for the whole family.
Given that the future impact of COVID-19 remains unknown, our mix of customers and diverse product categories and broad global presence continue to drive our growth momentum and business balance. ”
Sales
The company reported sales of $ 459.7 million in the fourth quarter of 2020, compared to $ 504.8 million in the same quarter last year – a decrease of 9%. The decrease in sales was mainly reflected in the Global Division of the Upper Market Segment, Delta Premium Brands and Delta USA, and was due to the Corona epidemic. Sales in 2020 amounted to $ 1,446.2 million compared to $ 1,690.2 million in the corresponding period last year, a decrease of 14%.
Online sales
E-commerce sales on the company’s sites in the fourth quarter of 2020 increased by 183% and amounted to $ 76.1 million, compared to $ 26.9 million in the corresponding quarter last year, while at the annual level the company’s sales increased by 130% and amounted to $ 152.5 million for 2020 .
Operating profit (loss)
Operating income was $ 43.4 million in the fourth quarter of 2020, compared to $ 52.2 million in the same quarter last year. Operating profit, excluding non-recurring items, amounted to $ 47.7 million, compared with $ 51.2 million in the corresponding quarter last year – a decrease of 6.8%.
In 2020, the operating loss totaled $ 7.1 million, compared to an operating profit of $ 103.7 million last year. Operating profit for 2020, excluding non-recurring items, was $ 49.3 million, compared to $ 106 million in the same period last year.
Net profit (loss)
Net income was $ 23.7 million in the fourth quarter of 2020, compared to $ 35.6 million in the same quarter last year. The net profit, net of tax-free one-time items, amounted to $ 27.3 million in the fourth quarter of the year, compared with a net profit of $ 34.8 million in the corresponding period last year.
In 2020, the loss amounted to $ 40.5 million, compared to a net profit of $ 57.7 million in the same period last year. The net profit after deducting one-time net items from tax in 2020, amounted to $ 3.8 million, compared to a net profit of $ 60.2 million in the corresponding period last year.
Diluted earnings (loss) per share
Diluted earnings per share in the fourth quarter of 2020 totaled $ 0.94 per share, compared to $ 1.39 per share in the corresponding quarter last year. Diluted earnings per share, excluding non-recurring items, in the fourth quarter of 2020 amounted to $ 1.08, compared to $ 1.37 in the corresponding quarter last year.
Diluted earnings per share in 2020 amounted to $ 1.56, compared to diluted earnings per share of $ 2.26 in 2019. Diluted earnings per share excluding non-recurring items in 2020 amounted to $ 0.18, compared to diluted earnings per share of $ 2.36 in the corresponding period last year.
EBITDA, cash flow, net debt and capital
EBITDA in the fourth quarter of 2020 totaled $ 71.9 million, compared to $ 76.1 million in the fourth quarter last year. Excluding IFRS 16, EBITDA in the fourth quarter of 2020 amounted to $ 55.6 million, compared to $ 60.7 million in the corresponding quarter last year.
The company reported EBITDA of $ 144 million in 2020, compared to $ 195.6 million in 2019. Excluding IFRS 16, EBITDA in 2020 amounted to $ 81.1 million, compared to $ 137.7 million in 2019.
Cash flow from operating activities, excluding IFRS16, in 2020 amounted to $ 161.6 million, compared with $ 97.1 million in the corresponding period last year – an increase of $ 64.5 million.
The net financial debt as of December 31, 2020 is $ 236.3 million, compared to $ 334.5 million as of December 31, 2019, a decrease of $ 98.2 million.
The balance of capital as of December 31, 2020 is $ 476.4 million, compared to $ 506.9 million in the previous year.
Guaranteed and unsecured credit facilities increased to $ 248 million, of which $ 237 million was not utilized as of December 31, 2020.