Hagar : Investor-presentation-17-May-2019 (PDF file)

Investor Presentation

17th May 2019

Consolidated Highlights

•Comprehensive income for the year ISK 2.317 m or 2,75% of sales

•Earnings per share ISK 2,05

•Sales for the year ISK 84.179 m

•Gross profit for the year 23,8%.

•EBITDA for the year ISK 4.490 m

•EBITDA for the year, excl. non-recurring expenses and income from Olis and DGV, ISK 4.676 m

•Total assets ISK 50.851 m at year end

•Cash and cash equivalents ISK 736 m at year end

•Equity ISK 24.279 m at year end

•Equity ratio 47,7% at year end

Statement of Comprehensive Income
	Q4 2018/19	Q4 2017/18	2018/19	2017/18
	01.12-28.02	01.12-28.02	01.03-28.02	01.03-28.02
Sales	27.924	19.811	84.179	73.895
Cost of goods sold	(21.469)	(14.886)	(64.172)	(55.577)
Gross profit	6.455	4.925	20.007	18.318
Other operating income	179	50	340	294
Salaries and related expenses	(3.082)	(2.091)	(9.194)	(8.103)
Other operating expenses	(2.167)	(1.957)	(6.422)	(6.284)
Expenses relating to business combination	(5)	(60)	(241)	(86)
Profit from operating activities before depreciation
and amortisation (EBITDA)	1.380	867	4.490	4.139
Depreciation and amortisation	(530)	(300)	(1.300)	(1.122)
Profit from operating activities (EBIT)	850	567	3.190	3.017
Net finance expense	(175)	(14)	(295)	(68)
Effect of results of associates	(12)	--	(12)	20
Profit before income tax	663	553	2.883	2.969
Income tax	(110)	(92)	(566)	(575)
Comprehensive income for the period	553	461	2.317	2.394

Impact Factors for the year ended 28 February 2019

•Average change in prices and exchange rates

+ 4,1%

Sales excl. Olís 4,1%. Sales incl. Olís 13,9%

+ 2,8%

CPI

+ 1,4%

CPI, excl. housing

Purchase index in foreign currencies

+ 6,0%	(weakening of ISK)

Grocery stores	Qty	Number of
customers

Change between years %	+0,9%	+2,0%