According to FUNDER website data,
30 mutual funds hold NIS 5.07 million in Unitronics
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 Unitronics share according to FUNDER-MVF data.
Unitronics, a world leader in the automation products market, which is controlled by the Pimi Foundation, reports its financial results for 2020. The results reflect a sharp increase in the company’s profitability and a net profit of NIS 14.9 million in light of efficiency and cost reduction measures, along with some moderation in the second half of 2020. Corona on company sales. Operating profit in 2020 grew by 27% compared to that in 2019 and amounted to approximately NIS 16.5 million. Cash flow from operating activities increased by 68% compared to that in 2019 and amounted to approximately NIS 37.5 million.
Amit Harari, CEO of Unitronics: “We are pleased to report a consistent recovery in demand throughout the second half of 2020. This trend, along with the streamlining measures we have taken and continued tight control over working capital, is reflected in a sharp improvement in company profitability and an almost 2-fold increase in operating profit in the second half of 2020. last year.
“With the continued opening of economies in the US and Europe, Unitronics continues to expand its range of solutions and products. In January 2021 we launched a new integrative cloud services platform, UniCloud, designed to enable any customer to connect Unitronics controllers to a cloud computing infrastructure-based environment, transfer data securely and create business dashboards (BI). Unitronics focuses on creating added value for customers, which is expressed in the simplicity and ease of implementation, while ensuring full integration with the company’s products.
The new platform will feature a monthly fee for the service, similar to similar SaaS services, and a model that will continue to strengthen the company’s regular revenue from service. We believe that the new service will allow customers business flexibility, significantly reduce barriers to entry by joining the service and create a significant competitive advantage for Unitronkis in the market.
“The company’s financial strength, among other things against the background of debt reduction, the final redemption of Series 4 bonds and the strong cash flow we generated in 2020, puts Unitronics at the start of 2021 well prepared for continued rapid growth and improved profitability.”
The revenue of Unitronics In 2020, they amounted to NIS 126.2 million, compared with revenues of NIS 137.5 million in 2019. The decline in revenue is due to a decline in demand and sales of the company’s products in the second quarter of the year due to a global impact of the corona virus. At the same time, during the second half of 2020, there was a certain moderation in this effect on the company’s sales.
Gross profitability In 2020 Amounted to about 43.6% of the company’s total revenue, compared to a gross profit level of 42.7% of the company’s total revenue in 2019. The increase in gross profit was due to cost-cutting measures taken by the company.
Operating profit in 2020 Increased by 27% and amounted to NIS 16.5 million, compared with NIS 13 million in 2019. The increase in operating profit this year is a result of the savings and streamlining of operating expenses.
Net operating income continues in 2020 Increased by 84% and amounted to approximately NIS 14.9 million, compared with approximately NIS 8.1 million in 2019 (excluding loss from discontinued operations in the field of automated solutions). Net income in 2020 compared to that in 2019, including the loss from discontinued operations, increased 5.5 times.
Cash flow from operating activities in 2020 Amounted to NIS 37.5 million, an increase of 68% compared to NIS 22.3 million in 2019.
The company’s net cash balance Moved to a net cash balance (cash and deposits less loans) in the amount of NIS 9 million as of December 31, 2020, compared to a net debt (loans and bonds less cash and deposits) in the amount of NIS 17 million as of December 31, 2019.