Agta Record : Excellent 2019 results – good start to the year in 2020 but limited visibility on COVID-19 impact
>2019 operating profit of € 53m, i.e. operating margin of 13.1%, up 310bp - Agta Record yesterday evening reported its full-year results, which were broadly in line with our expectations. On already-reported sales of € 404.5m, up 8.0% (+6.9% l-f-l), EBITDA (after IFRS 16) grew by 39.4% to € 70.8m (vs € 68.5m est.). Operating profit came in 40.2% higher at € 53m (vs € 53m est.), i.e. an underlying operating margin of 13.1%, up 310bp. Lastly, net profit came to € 40.3m ...Agta Record is an automatic door systems manufacturing group based in Switzerland. Co. is primarily involved in the manufacturing, installation and maintenance of automatic door systems. Co.'s product range includes all types of sliding doors, telescopic, swing or folding as well as revolving doors. Additionally, Co. offers hygienic and air-tight doors, plus burglar and fire-resistant doors and break-out systems for the use in escape and rescue routes. Co. also manufactures telescopic, round and angled sliding doors, as well as burglar resistant models.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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