According to FUNDER website data,
139 mutual funds hold NIS 60.98 million in Hadera Paper shares
Funds that hold significant holdings in the stock – for the full list of holdings
In addition to this data, Moore Investments Holds Hadera Paper Stock 0.01% shortfall From the foundation
Below is a change in the holdings of the mutual funds in the Hadera Paper share according to FUNDER-MVF data.
The gross profit margin, in the whole of 2020, grew to about 16% compared to about 13% last year, an expression of an increase in output and production efficiency
Improvement in operating profit before non-recurring expenses, which amounted to NIS 11 million in the fourth quarter
Gadi Konya, CEO of the Hadera Paper Group, said: “The year 2020, the financial results of which we published today, was characterized by two main trends. The first, a significant operational improvement in all segments of the Group’s value chain and the second, an increase in demand for the company’s products, despite the corona crisis.
In 2020 the group improved production outputs, to their highest level ever and in addition, became more efficient. The improvement crosses the entire value chain, from Amnir to Carmel, each of which has increased its output this year to a considerable extent. The highlight is the increase in the production output of machine 8, which produces recycled paper rolls for cardboard, which this year produced the largest quantity produced since its inception about ten years ago, over 220,000 tons, a figure that was until recently considered the “glass ceiling” of the machine.
As for the resilience of the market in which the three value chain sectors operate, I will note that the demand for the group’s products, which as a vital plant worked around the clock all year round, not only was not harmed, but in recent months has seen sharp growth. All over the world, the production volumes of cardboard paper rolls and cardboard packaging products are climbing and are at their highest level in years. The price trend also changed for the better at the end of 2020.
The increase in demand for cardboard packaging is, in our opinion, driven by, among other things, a significant increase in the movement of products and goods in the world, as well as a leap in e-commerce volumes this year, the corona year.
We believe that the operational improvement and high efficiency presented in the Group’s plants, place the company in an excellent starting position for 2021 and we are of course optimally prepared to meet the growing demand. ”
Lior Hellman, CFO of the Hadera Paper Group, added: “The company’s strength in both the financial and operational-business aspects stood out positively during the past year. The financial expression of the operational improvement can be clearly seen in the gross profit margin from total revenues, which improved significantly this year. In addition, we are proud to continue investing. “Means of production, in order to continue the operational improvement and at the same time, reduce the level of debt and leverage. This strength will allow us to continue developing the company and improving its profitability. The dividend distribution of NIS 10 million
Fourth quarter results and 2020:
The company’s total revenues in the fourth quarter amounted to NIS 363 million, compared with NIS 373 million in the corresponding quarter last year. The decrease in sales turnover was mainly due to a decrease in the stationery and printing sector in the amount of NIS 27 million, which is mainly due to a significant decrease in the quantity produced and sold, due to the general restrictions and closures imposed, which were reflected in “work from home” Two sectors that in the days of their repair consume a relatively large amount of writing and printing papers.
In addition, revenues in the Office Consumer Marketing segment decreased by approximately NIS 4 million, also against the background of the restrictions and closures imposed. NIS 14 million and in the roll of paper rolls per carton, in the amount of NIS 22 million. The increase in these two sectors, compared to last year, was achieved thanks to an increase in production outputs and despite a decrease in sales prices.
The company’s total revenues in 2020 amounted to approximately NIS 1,480 million, compared with approximately NIS 1,617 million last year. The decrease in sales turnover was mainly due to a decrease in the stationery and printing sector in the amount of approximately NIS 155 million.
Gross profit grew by approximately 41% in the fourth quarter and amounted to approximately NIS 62 million (approximately 17% of revenues), compared with approximately NIS 44 million (approximately 12% of revenues) in the corresponding quarter last year. The improvement is the result of a continuous management effort of several years, which is mainly reflected in the increase in production outputs and its efficiency. Gross profit in the whole of 2020 grew by about 10% and amounted to about NIS 233 million (about 16% of revenues) compared to about NIS 212 million (about 13% of revenues) last year.
Operating profit (before non-recurring expenses and income) in the fourth quarter amounted to approximately NIS 11 million, compared with an operating loss of approximately NIS 15,000 in the corresponding quarter last year. The improvement in operating profit, despite the erosion in sales turnover, was achieved mainly, thanks to the reduction in the cost of sales and the increase in gross profit. The annual operating profit (before non-recurring expenses and income) in 2020 amounted to approximately NIS 47 million, compared with approximately NIS 41 in 2019.
EBITDA in the fourth quarter grew by approximately 22% and amounted to approximately NIS 49 million (approximately 13% of revenues) compared with approximately NIS 40 million (approximately 11% of revenues) in the corresponding quarter last year. The company was able to increase profitability compared to the corresponding period last year, despite the decrease in sales prices and the decrease in sales turnover, thanks to the operational efficiency measures it took, which, as mentioned, were mainly reflected in the increase in output.
EBITDA in 2020 amounted to approximately NIS 194 million (approximately 13% of revenues) compared with approximately NIS 192 million (approximately 12% of revenues) last year. The increase was achieved despite the decrease in sales turnover.
The net profit in the quarter amounted to NIS 1 million, similar to last year. The net profit in 2020 amounted to NIS 5 million, compared with NIS 24 million last year. The decrease in annual net profit, despite the improvement in operating results, is attributed to the fact Because last year, the company generated one-time income in the amount of NIS 20 million. About NIS 10 million in financing income, about NIS 6 million in tax income and about NIS 5 million in other non-recurring income.
Equity as of December 31, 2020 amounted to approximately NIS 1,017 million, compared with approximately NIS 1,010 million as of December 31, 2019.
Below is the company announcement and a link to the immediate report: https://bit.ly/38hFm8t