Disruptions in the supply chain continue to help the company
Israel Shipyards
+6.48%
Base:9,917
opening:9,990
High:10,560
low:9,910
change:1,100,537
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Which reports that revenues in the fourth quarter of 2021 increased by approximately 29% to approximately NIS 270.3 million, compared with approximately NIS 209 million in the corresponding period in 2020.
EBITDA in the quarter increased by 40.5% to NIS 56.7 million, compared with NIS 40.5 million in the corresponding quarter in 2020.
Operating profit increased by 65.5% in the quarter to NIS 43.2 million, compared with NIS 26.1 million in the corresponding quarter in 2020.
Net income in the fourth quarter of 2021 increased by 44% to approximately NIS 28.5 million (approximately NIS 26.6 million attributed to shareholders), compared with approximately NIS 19.8 million (approximately NIS 18 million attributed to shareholders) in the corresponding quarter in 2020.
The company will distribute a dividend of NIS 30 million after the results.
The company’s shareholders’ equity at the end of 2021 was NIS 755 million, and the backlog of orders in the shipyard sector at the end of 2021 was NIS 964 million, compared with a backlog of NIS 262 million at the end of 2020. Currently, the backlog is NIS 1 billion. .
Results for 2021:
Revenues in 2021 increased by approximately 23.5% to approximately NIS 945.1 million, compared with approximately NIS 765.3 million in 2020.
EBITDA in 2021 increased by 16.5% to NIS 185.7 million, compared with NIS 159.4 million in the corresponding quarter last year.
The company’s operating profit grew by 20.1% in 2021 to NIS 132.7 million, compared with NIS 103.6 million in the previous year.
The annual profit increased by 26.1% in net profit to NIS 100.1 million (NIS 93.7 million attributable to shareholders), compared with a net profit of NIS 79.4 million (NIS 70.7 million attributable to shareholders) in 2020.
Divided into activity segments:
In the shipyard sector, revenues increased by 47.3% to NIS 227.3 million, compared with NIS 154.3 million in 2020.EBITDA In the segment, it increased by about 6% to about NIS 40.8 million (about 18% of revenues), compared with about NIS 38.4 million (about 25% of revenues) in 2020.
In the port sector, revenues during the period increased by about 20% to NIS 182.7 million, compared with a total of NIS 152.2 million in the previous year. God-EBITDA In the segment, it increased by 32.1% to NIS 57.7 million (approximately 32% of revenues), compared with approximately NIS 43.6 million (approximately 29% of revenues) in 2020.
In the cement sector, revenues in 2021 increased by 9.4% to NIS 452.2 million, compared with NIS 413.4 million in 2020.EBITDA In the cement sector, it amounted to NIS 50.7 million (approximately 11% of revenues), compared with NIS 61.8 million in the previous year (approximately 15% of revenues).
In the maritime transport sector, revenues in 2021 grew to NIS 82.5 million, compared with NIS 46.3 million in 2020. God- EBITDA Grew to NIS 26.3 million (32% of revenues) compared to NIS 3.9 million (8% of revenues) in 2020.
Zvika Schechterman, CEO of Israel Shipbuilding Industries: “In the port activity, we continue to present efficiency with unloading in a 24/7 format. In 2021, we recorded an increase in the rate of unloading of cargo and a 20% growth in operating revenues, while improving profitability. And cargo terminals can form a real line for the local market.
“In the cement sector, ‘Cement’ recently acquired the adhesives and powders for construction from Keshet Prima, thereby increasing its product portfolio in the growing construction sector, in which we aim to expand the group’s operations.
“We want to increase the services for the gas production industry, and expand the product portfolio in the field of construction, construction of silos and construction of the bitumen facility.”
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