Hamlet: Revenues in 2020 grew by about 8% to about $ 202.9 million, compared to about $ 187.8 million in 2019

The net profit attributable to the Company’s shareholders in 2020 amounted to approximately $ 5.2 million, compared with approximately $ 1.3 million in the previous year.

Hamlet announced today the results of its operations for the fourth quarter and 2020.

Sales in the last quarter of 2020 amounted to approximately $ 53.5 million, an increase of approximately 3% compared to approximately $ 51.9 million in the corresponding quarter last year. Sales of products for the ultra-clean products industry grew by 13.1% in the fourth quarter of 2020 to $ 17.7 million compared to $ 15.7 million in the same quarter in 2019. The increase was mainly due to an increase in demand for the company’s products in Europe, North America and China. Sales of products to the manufacturing industry grew by approximately 17.3% in the fourth quarter of 2020 to approximately $ 24.3 million, compared with approximately $ 20.7 million in the corresponding quarter last year. The increase is mainly due to an increase in demand in China and Europe, offset by a decrease in demand in North America and the Far East. Sales of flow control products in the fourth quarter of 2020 amounted to approximately $ 11.5 million, compared with approximately $ 15.6 million in the corresponding quarter in 2019. The decrease was mainly due to a decrease in demand in the Far East and Europe.

Sales in 2020 grew by about 8% and amounted to about $ 202.9 million compared to about $ 187.8 million in 2019. The increase in the group’s sales is due to an increase in demand for the company’s products in all areas of activity, especially in ultra-clean products and process industry products.
In 2020, sales of products to the ultra-clean products industry amounted to approximately $ 70 million, an increase of approximately 13.9% compared to approximately $ 61.4 million in 2019. Sales of products to the manufacturing industry increased by approximately 7.5% and amounted to approximately $ 88.7 million compared to approximately $ 82.5 million. Dollars in 2019. Sales of flow control products in 2020 totaled about $ 44.2 million compared to about $ 43.9 million in 2019.

Gross profit in the fourth quarter of 2020 amounted to approximately $ 13.2 million (approximately 25% of total sales), compared with a gross profit of approximately $ 13.6 million (approximately 26% of total sales) in the corresponding quarter in 2019. The decrease in the gross profit ratio compared between The periods are mainly due to the mix of products sold and the erosion of the average exchange rate of the dollar against the shekel. In 2020, gross profit increased by 4.3% to $ 53.9 million (approximately 27% of total sales), compared to approximately $ 51.6 million (approximately 28% of total sales) in 2019.

Operating profit in the fourth quarter of 2020 amounted to approximately $ 2.3 million compared to approximately $ 3 million in the corresponding quarter in 2019. In 2020, operating profit grew by approximately 63.4% and amounted to approximately $ 12.7 million compared to approximately $ 7.8 million in 2019.

The EBITDA (operating profit plus depreciation and amortization and excluding non-recurring items) presented by the Group in the fourth quarter of 2020 amounted to approximately $ 5.3 million, compared with approximately $ 6.5 million in the corresponding quarter in 2019. In 2020, EBITDA amounted to approximately $ 25.2 million, an increase Of about 22.4% compared to about $ 20.6 million in 2019.

The net profit attributable to the Company’s shareholders in the fourth quarter of 2020 amounted to approximately $ 439,000, compared to approximately $ 2.7 million in the corresponding quarter in 2019. The net profit attributable to the Company’s shareholders in 2020 amounted to approximately $ 5.2 million compared to approximately $ 1.3 million in 2019. .

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