The Danish infrastructure company reports revenues of NIS 1.03 billion in the first quarter of 2022, compared to NIS 1 billion in the corresponding quarter last year, an increase of about 2.4%. The share rises by 2.8% to a price that expresses a value of NIS 2.7 billion. About 3-4 years ago, when they talked about transferring the sale of Africa Group companies, Danya’s value was estimated at NIS 200-300 million – meaning 10 times in a few years and most of the improvement went to Jacob Luxemburg, who took over Africa’s assets.
Danya’s gross profit in the first quarter reached a peak of NIS 65.8 million (approximately 6.4% of total revenues), an increase of approximately 53% compared to the gross profit in the corresponding quarter last year, which was approximately NIS 43 million (4.2% of total revenues). Danya’s EBITDA in the first quarter of 2022 is estimated at NIS 66.5 million, an increase of about 37% compared to the corresponding quarter last year.
The net profit from Danya’s continuing operations in the first quarter of 2022 amounted to NIS 40.1 million. An increase of about 45% compared to 27.6 million in the corresponding quarter last year (less a one-time profit recorded in the corresponding quarter in 2021 from the completion of the separations from African residences, which amounted to NIS 81 million).
For complete information and data about Danya:
The company’s board of directors has decided on a NIS 30 million distribution to shareholders. In the past year, since Danya became a public company, the company has distributed dividends in the cumulative amount of NIS 150 million (including the dividend that has been approved and has not yet been distributed).
The company’s backlog as of the end of the first quarter was about NIS 11.8 billion (including affiliated companies). This compares with a backlog of NIS 9.6 billion in the corresponding quarter last year. After the balance sheet date, the company entered into additional projects in the amount of NIS 510 million
Analysis of activity segments: Infrastructure segment – gross profit was about 6%, compared to about 2.6% in the corresponding quarter last year; Residential construction sector – continues to maintain a level of profitability of about 5%, the backlog of orders in this operating segment has increased to NIS 5.5 billion; Non-residential construction sector – Gross profit rose to 4.7% compared to 3% in the corresponding quarter last year; Initiative and Execution Segment – Profit before tax in this segment was approximately 18%.
Against the background of the results, Said Ronen Ginzburg, CEO of Danya: “Danya continues to climb this year in the index of the 100 most worthwhile companies to work for, published by BDI, with its rise to a respectable 44th place (an increase of 8 places). The global ranking MSCI. The company’s backlog, which stands at about NIS 12 billion, reflects the market’s great trust in the company and its financial strength. “Danya will continue to establish its status as the leading construction and infrastructure company in Israel, and lead and take part in the construction and construction of the most significant projects in the country.”
Arik Shapir, chairman of Danya said, “The results of the first quarter of 2022 show the continued growth of the Danya Group, in all parameters – revenue, profitability rates, net profit and more. Also a franchisee and operator in the framework of PPP and BOT projects alone or together with partners. ”
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