POLYTEC HOLDING AG MAG 21
ANNUAL REPORT 2021
PROGRESSING RESPONSIBLY
AT0000A00XX9
FOUNDED IN 1986, THE POLYTEC GROUP IS A LEADING DEVELOPER AND MANUFACTURER OF HIGH-QUALITY PLASTIC SOLUTIONS.
For 36 years now, the Austria-based company with some 3,400 employees worldwide has been offering its customers experience and know-how, not only as a complete supplier in the injection moulding field, but also as a specialist for fibre-reinforced plastics, and a producer of original accessories made from plastic and special steel.
POLYTEC numbers globally renowned automotive and commercial vehicle manufacturers among its customers, but is also increasingly supplying other markets outside this sector. The most important criteria in both cases consist of innovative technol- ogies, perfect quality and absolute punctuality of delivery in combination with competitive prices. In both the automotive and non-automotive areas, POLYTEC provides excellent value-added depth in every segment.
This incorporates design and project development, as well as the produc- tion of tools and semis for fibre com-pound materials, component simula- tion and testing, and virtually all the available plastics processing technol- ogies. In addition, POLYTEC supplies excellent performance in the shape of downstream processes such as painting, assembly and just-in-time or just-in-sequence delivery.
KEY FIGURES
Key figures from the consolidated income statement | Unit | 2021 | 2020 | 2019 | 2018 | 2017 |
Sales revenues | EUR million | 555.9 | 522.0 | 627.1 | 636.4 | 676.4 |
thereof passenger cars & light commercial vehicles | EUR million | 390.2 | 328.7 | 388.8 | 387.9 | 434.1 |
thereof commercial vehicles | EUR million | 92.4 | 118.3 | 158.4 | 174.7 | 165.0 |
thereof smart plastic & industrial applications | EUR million | 73.3 | 75.0 | 79.9 | 73.8 | 77.3 |
EBITDA | EUR million | 44.8 | 48.3 | 68.4 | 67.1 | 82.3 |
EBITDA margin (EBITDA/sales revenues) | % | 8.1 | 9.3 | 10.9 | 10.5 | 12.2 |
EBIT | EUR million | 12.3 | 13.0 | 32.6 | 40.1 | 55.1 |
EBIT margin (EBIT/sales revenues) | % | 2.2 | 2.5 | 5.2 | 6.3 | 8.1 |
Earnings after tax | EUR million | 7.0 | 9.5 | 23.1 | 30.0 | 39.0 |
Earnings per share | EUR | 0.32 | 0.29 | 1.02 | 1.32 | 1.74 |
Balance sheet key figures | Unit | 2021 | 2020 | 2019 | 2018 | 2017 |
Balance sheet total | EUR million | 568.5 | 568.9 | 593.0 | 557.6 | 516.5 |
Equity ratio (equity/balance sheet total) | % | 42.0 | 41.3 | 40.5 | 42.7 | 42.1 |
Investments in fixed assets | EUR million | 36.0 | 14.2 | 45.8 | 42.6 | 38.4 |
Net working capital1) | EUR million | 65.4 | 53.0 | 78.2 | 95.2 | 75.5 |
Net working capital/sales revenues | % | 11.8 | 10.1 | 12.5 | 15.0 | 11.2 |
Average capital employed1) | EUR million | 330.7 | 348.8 | 370.5 | 341.8 | 297.5 |
ROCE before tax (EBIT/average capital employed) | % | 3.7 | 3.7 | 8.7 | 11.7 | 18.5 |
Net debt (+)/assets (-)1) | EUR million | 79.6 | 66.0 | 108.8 | 101.8 | 78.7 |
Net debt (+)/assets (-)/EBITDA | Years | 1.78 | 1.37 | 1.59 | 1.52 | 0.96 |
Gearing (net debt (+)/assets (-)/equity) | - | 0.33 | 0.28 | 0.45 | 0.43 | 0.36 |
Consolidated cash flow key figures | Unit | 2021 | 2020 | 2019 | 2018 | 2017 |
Cash flow from operating activities | EUR million | 22.7 | 45.8 | 24.4 | 30.9 | 38.3 |
Cash flow from investing activities | EUR million | -25.2 | 12.1 | -48.6 | -39.4 | -38.0 |
Cash flow from financing activities | EUR million | -18.1 | -22.8 | 6.1 | 25.2 | -22.7 |
Change in cash and cash equivalents | EUR million | -20.5 | 35.0 | -18.1 | 16.7 | -22.4 |
Closing balance of cash and cash equivalents | EUR million | 69.7 | 90.4 | 55.6 | 73.6 | 56.9 |
Personnel key figures | Unit | 2021 | 2020 | 2019 | 2018 | 2017 |
Employees on annual average | FTE2) | 3,585 | 3,939 | 4,344 | 4,465 | 4,527 |
Employees as of 31 December | FTE | 3,420 | 3,636 | 4,406 | 4,315 | 4,522 |
Sales revenues per employee | EUR k | 155.1 | 132.5 | 144.4 | 142.5 | 149.4 |
1) The current and non-current interest-bearing components of contract assets were retroactively allocated to net assets and net debt starting from 2019 and are consequently no longer included in net working capital and in capital employed.
2) FTE: full-time equivalents incl. leasing personnel
Non-financial key figures
Taxonomy-eligible turnover (economic activities) Taxonomy-eligible capital expenditure (CapEx) Taxonomy-eligible operating expenditure (OpEx) CO2 emissions (Scope 1 + Scope 2)
Energy use
Material use Water use Waste volumes
POLYTEC share (AT0000A00XX9)
Year-end closing price
Highest closing price during the year (on 14 June 2021) Average closing price during the year
Lowest closing price during the year (on 20 December 2021)
Market capitalisation at year-end
Share turnover (daily average, double counting) Earnings per share
Proposed dividend per share
Dividend yield on the basis of the average closing priceUnit % % % tonnes MWh tonnes m3
tonnesEUR million Shares EUR EUR %
Unit EUR EUR EUR EUR
SALES REVENUES, EBIT MARGIN
636.4
627.1
522.0
555.9
EBITDA, EBITDA MARGIN, EBIT
67.1
68.4
48.3
44.8
2021
2018
2019
Sales revenues
2020
2021
EBIT margin
2018
EBITDAEBITDA marginEBIT
GROUP SALES REVENUES BY CUSTOMER 2021
EQUITY, EQUITY RATIO
238.0
239.9
234.8
238.9
42.7% | 40.5% | 41.3% | 42.0 |
2019
2020
2018
2019
2020
2021
EquityEquity ratio
26.0%
25.2%
Traton
VW Car Group
Mercedes JaguarGeely GroupFordBenz Cars & Vans
Land RoverStellantisOther CarVolvo Trucks & Buses
John Deere
Daimler Trucks & Buses
Other Truck, Bus & Agricul-tural
IFCOSmart Plastics Custo-mers
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Polytec Holding AG published this content on 22 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 April 2022 05:37:01 UTC.
